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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 28, 2025
Jun. 29, 2025
Current Assets:    
Cash and cash equivalents $ 90,473 $ 84,579
Receivables, net 102,674 102,061
Inventories:    
Finished products 9,985 12,398
Work in process 11,762 11,303
Purchased materials 39,845 41,000
Inventories, net 61,592 64,701
Pre-production costs 7,480 8,657
Value-added tax recoverable 20,194 19,389
Other current assets 7,712 10,676
Total current assets 290,125 290,063
Property, plant and equipment:    
Land and improvements 6,699 6,582
Buildings and improvements 41,094 39,821
Machinery and equipment 234,981 236,545
Total property, plant and equipment 282,774 282,948
Less: accumulated depreciation 207,140 205,538
Property, plant and equipment, net 75,634 77,410
Deferred income taxes 19,649 19,531
Other noncurrent assets 4,649 4,450
Total Assets 390,057 391,454
Current Liabilities:    
Accounts payable 61,077 65,824
Accrued payroll and benefits 15,386 22,956
Value-added tax payable 13,259 11,933
Warranty reserve 9,848 8,900
Current portion of borrowings under credit facilities 5,000 0
Other current liabilities 11,939 9,737
Total current liabilities 116,509 119,350
Noncurrent Liabilities:    
Noncurrent portion of borrowings under credit facilities 0 8,000
Post-employment benefits 13,609 13,325
Other noncurrent liabilities 4,160 4,348
Total Liabilities 134,278 145,023
Shareholders’ Equity:    
Common stock, authorized 18,000,000 shares, $.01 par value, 7,675,676 issued shares at September 28, 2025 and 7,635,883 issued shares at June 29, 2025 76 76
Capital in excess of par value 104,464 103,784
Retained earnings 277,826 269,297
Accumulated other comprehensive loss (15,453) (16,113)
Less: treasury stock, at cost (3,610,271 shares at September 28, 2025 and 3,596,549 shares at June 29, 2025) (136,366) (135,452)
Total Strattec shareholders' equity 230,547 221,592
Non-controlling interest 25,232 24,839
Total Shareholders' equity 255,779 246,431
Total Liabilities and Shareholders' Equity $ 390,057 $ 391,454