XML 19 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jan. 01, 2012
Jul. 03, 2011
Current Assets:    
Cash and cash equivalents $ 14,763 $ 17,250
Receivables, net 34,907 39,649
Inventories-    
Finished products 6,181 5,899
Work in process 5,806 5,557
Purchased materials 12,642 11,879
Excess and obsolete reserve (1,324) (1,200)
Inventories, net 23,305 22,135
Other current assets 16,516 15,368
Total current assets 89,491 94,402
Deferred income taxes 3,820 3,639
Investment in joint ventures 7,299 7,276
Loan to joint venture 1,500 1,500
Other long-term assets 585 635
Property, plant and equipment 145,463 141,364
Less: accumulated depreciation (103,198) (100,728)
Net property, plant and equipment 42,265 40,636
Total assets 144,960 148,088
Current Liabilities:    
Accounts payable 21,139 22,851
Loans from related parties 1,000 1,850
Accrued Liabilities:    
Payroll and benefits 12,155 15,546
Environmental reserve 1,457 1,478
Warranty 3,838 3,856
Other 7,486 5,407
Total current liabilities 47,075 50,988
Accrued pension obligations 2,922 3,447
Accrued postretirement obligations 3,012 3,589
Other long-term liabilities 489 0
Shareholders' Equity:    
Common stock, authorized 12,000,000 shares, $.01 par value, issued 6,932,457 shares at January 1, 2012 and 6,920,557 shares at July 3, 2011 69 69
Capital in excess of par value 80,182 79,767
Retained earnings 166,299 164,138
Accumulated other comprehensive loss (24,314) (21,750)
Less: treasury stock, at cost (3,629,839 shares at January 1, 2012 and 3,631,079 shares at July 3, 2011) (135,989) (136,009)
Total STRATTEC SECURITY CORPORATION shareholders' equity 86,247 86,215
Non-controlling interest 5,215 3,849
Total shareholders' equity 91,462 90,064
Total liabilities and shareholders' equity $ 144,960 $ 148,088