Earnings Per Share

6 Months Ended

Dec. 27, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

Basic earnings per share ("EPS") is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is computed using the treasury stock method for stock options, warrants, non-vested restricted stock awards and units, and non-vested performance stock units. The treasury stock method assumes conversion of all potentially dilutive shares of common stock with the proceeds from assumed exercises used to hypothetically repurchase stock at the average market price for the period.  Diluted EPS is computed by dividing net income applicable to the Company by the weighted-average common shares and potentially dilutive common shares that were outstanding during the period.

The following table sets forth the computations of basic and diluted EPS for the three and six months ended December 27, 2013 and December 28, 2012:

	Three Months Ended				Six Months Ended
	December 27, 2013		December 28, 2012		December 27, 2013		December 28, 2012
Net income applicable to TRC Companies, Inc.	$	3,096	$	4,123	$	5,583	$	8,395
Basic weighted-average common shares outstanding	29,652		28,874		29,477		28,668
Effect of dilutive stock options, RSA's, RSU's and PSU's	417		597		572		809
Diluted weighted-average common shares outstanding	30,069		29,471		30,049		29,477
Earnings per common share applicable to TRC Companies, Inc.
Basic earnings per common share	$	0.10	$	0.14	$	0.19	$	0.29
Diluted earnings per common share	$	0.10	$	0.14	$	0.19	$	0.28
Anti-dilutive stock options, RSA's, RSU's and PSU's, excluded from the calculation	2,227		2,236		2,071		2,024