Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2026	Jun. 29, 2025
Current Assets:
Cash and cash equivalents	$ 108,243	$ 84,579
Receivables, net	99,109	102,061
Inventories:
Finished products	11,775	12,398
Work in process	11,905	11,303
Purchased materials	40,630	41,000
Inventories, net	64,310	64,701
Pre-production costs	6,489	8,657
Value added tax recoverable	10,069	19,389
Income taxes recoverable	2,243	2,465
Other current assets	5,810	8,211
Total current assets	296,273	290,063
Property, plant and equipment:
Land and improvements	6,915	6,582
Buildings and improvements	42,969	39,821
Machinery and equipment	225,548	236,545
Total property, plant and equipment	275,432	282,948
Less: accumulated depreciation	205,587	205,538
Property, plant and equipment, net	69,845	77,410
Deferred income taxes	16,080	19,531
Other noncurrent assets	5,281	4,450
Total assets	387,479	391,454
Current Liabilities:
Accounts payable	54,973	65,824
Accrued payroll and benefits	20,773	22,956
Value added tax payable	7,429	11,933
Income tax payable	197	88
Warranty reserve	6,673	8,900
Other current liabilities	12,186	9,649
Total current liabilities	102,231	119,350
Noncurrent Liabilities:
Borrowings under credit facilities	0	8,000
Post-employment benefits	13,350	13,325
Other noncurrent liabilities	6,401	4,348
Total Liabilities	121,982	145,023
Shareholders' Equity:
Common stock, authorized 18,000,000 shares, $.01 par value, 7,704,994 issued shares at June 28, 2026 and 7,635,883 issued shares at June 29, 2025	77	76
Capital in excess of par value	107,138	103,784
Retained earnings	289,895	269,297
Accumulated other comprehensive loss	(14,143)	(16,113)
Less: treasury stock, at cost (3,727,322 shares at June 28, 2026 and 3,596,549 shares at June 29, 2025)	(144,321)	(135,452)
Total Strattec shareholders' equity	238,646	221,592
Non-controlling interest	26,851	24,839
Total shareholders’ equity	265,497	246,431
Total Liabilities and Shareholders' Equity	$ 387,479	$ 391,454

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.