Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 29, 2020	Jun. 30, 2019
Current Assets:
Cash and cash equivalents	$ 10,173	$ 7,809
Receivables, net	72,805	84,230
Inventories:
Finished products	18,531	11,582
Work in process	11,775	10,529
Purchased materials	32,357	29,376
Excess and obsolete reserve	(4,315)	(4,225)
Inventories, net	58,348	47,262
Other current assets	15,216	17,331
Total current assets	156,542	156,632
Investment in joint ventures	23,190	23,528
Deferred Income Taxes	3,952	2,933
Other long-term assets	6,411	11,523
Property, plant and equipment	287,071	287,421
Less: accumulated depreciation	(179,655)	(169,301)
Net property, plant and equipment	107,416	118,120
Total assets	297,511	312,736
Current Liabilities:
Accounts payable	43,104	41,889
Accrued Liabilities:
Payroll and benefits	13,549	17,339
Environmental	1,263	1,278
Warranty	7,850	7,900
Other	10,306	10,857
Total current liabilities	76,072	79,263
Borrowings under credit facilities	27,000	42,000
Accrued pension obligations	1,754	1,663
Accrued postretirement obligations	649	762
Other long-term liabilities	4,781	1,232
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, 7,358,812 issued shares at March 29, 2020 and 7,304,994 issued shares at June 30, 2019	74	73
Capital in excess of par value	97,773	96,491
Retained earnings	222,442	221,117
Accumulated other comprehensive loss	(22,270)	(18,568)
Less: treasury stock, at cost (3,610,411 shares at March 29, 2020 and 3,613,439 shares at June 30, 2019)	(135,676)	(135,725)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	162,343	163,388
Non-controlling interest	24,912	24,428
Total shareholders’ equity	187,255	187,816
Total liabilities and shareholders' equity	$ 297,511	$ 312,736