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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 29, 2024
Jun. 30, 2024
Current Assets:    
Cash and cash equivalents $ 42,625 $ 25,410
Receivables, net 91,567 99,297
Inventories:    
Finished products 18,808 19,833
Work in process 13,462 15,461
Purchased materials 49,241 46,355
Inventories, net 81,511 81,649
Pre-production costs 11,651 22,173
Value added tax recoverable 21,083 19,684
Other current assets 5,497 5,601
Total current assets 253,934 253,814
Deferred income taxes 17,102 17,593
Other long-term assets 5,587 6,698
Net property, plant and equipment 79,272 86,184
Total assets 355,895 364,289
Current Liabilities:    
Accounts payable 50,615 54,911
Accrued Liabilities:    
Payroll and benefits 15,604 28,953
Value added tax payable 10,054 9,970
Environmental 1,390 1,390
Warranty 10,946 10,695
Other current liabilities 8,966 12,369
Total current liabilities 97,575 118,288
Borrowings under credit facilities 13,000 13,000
Postemployment obligations 12,563 2,429
Other long-term liabilities 4,602 4,957
Shareholders’ Equity:    
Common stock 76 76
Capital in excess of par value 102,118 101,024
Retained earnings 255,634 250,612
Accumulated other comprehensive loss (17,827) (15,689)
Treasury stock, at cost (135,465) (135,478)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 204,536 200,545
Non-controlling interest 23,619 25,070
Total shareholders’ equity 228,155 225,615
Total liabilities and shareholders' equity $ 355,895 $ 364,289