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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 30, 2025
Jun. 30, 2024
Current Assets:    
Cash and cash equivalents $ 62,106 $ 25,410
Receivables, net 109,160 99,297
Inventories:    
Finished products 14,563 19,833
Work in process 12,228 15,461
Purchased materials 48,800 46,355
Inventories, net 75,591 81,649
Pre-production costs 9,740 22,173
Value added tax recoverable 22,342 19,684
Other current assets 8,276 5,601
Total current assets 287,215 253,814
Deferred income taxes 17,084 17,593
Other long-term assets 5,277 6,698
Net property, plant and equipment 77,816 86,184
Total assets 387,392 364,289
Current Liabilities:    
Accounts payable 72,582 54,911
Accrued Liabilities:    
Payroll and benefits 19,431 28,953
Value added tax payable 10,844 9,970
Environmental 1,390 1,390
Warranty 10,745 10,695
Other current liabilities 8,312 12,369
Total current liabilities 123,304 118,288
Borrowings under credit facilities 13,000 13,000
Postemployment obligations 12,076 2,429
Other long-term liabilities 4,411 4,957
Shareholders’ Equity:    
Common stock 76 76
Capital in excess of par value 102,888 101,024
Retained earnings 261,030 250,612
Accumulated other comprehensive loss (17,836) (15,689)
Treasury stock, at cost (135,459) (135,478)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 210,699 200,545
Non-controlling interest 23,902 25,070
Total shareholders’ equity 234,601 225,615
Total liabilities and shareholders' equity $ 387,392 $ 364,289