Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 27, 2016	Jun. 28, 2015
Current Assets:
Cash and cash equivalents	$ 23,158	$ 25,695
Receivables, net	55,606	58,807
Inventories:
Finished products	11,487	11,358
Work in process	8,990	7,746
Purchased materials	24,106	17,982
Excess and obsolete reserve	(2,870)	(2,300)
Inventories, net	41,713	34,786
Other current assets	19,908	18,873
Total current assets	140,385	138,161
Investment in joint ventures	15,365	15,326
Other long-term assets	14,527	10,816
Property, plant and equipment	207,413	194,567
Less: accumulated depreciation	(130,404)	(123,441)
Net property, plant and equipment	77,009	71,126
Total assets	247,286	235,429
Current Liabilities:
Accounts payable	29,400	27,838
Accrued Liabilities:
Payroll and benefits	12,501	16,107
Environmental	1,367	1,383
Warranty	9,425	11,835
Other	7,414	7,572
Total current liabilities	60,107	64,735
Deferred income taxes	5,077	4,595
Borrowings under credit facility	18,000	10,000
Accrued pension obligations	1,407	1,331
Accrued postretirement obligations	1,396	1,657
Other long-term liabilities	731	710
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, 7,188,363 issued shares at March 27, 2016 and 7,151,154 issued shares at June 28, 2015	71	71
Capital in excess of par value	91,399	89,560
Retained earnings	220,610	213,442
Accumulated other comprehensive loss	(29,686)	(26,859)
Less: treasury stock, at cost (3,623,247 shares at March 27, 2016 and 3,624,454 shares at June 28, 2015)	(135,883)	(135,902)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	146,511	140,312
Non-controlling interest	14,057	12,089
Total shareholders’ equity	160,568	152,401
Total liabilities and shareholders' equity	$ 247,286	$ 235,429