Earnings per Share

3 Months Ended

Sep. 26, 2014

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 months ended September 26, 2014 and September 27, 2013:

	Three Months Ended
	September 26, 2014		September 27, 2013
Net income applicable to TRC Companies, Inc.	$	3,485	$	2,487
Basic weighted-average common shares outstanding	29,979		29,298
Effect of dilutive stock options, RSA's, RSU's and PSU's	399		729
Diluted weighted-average common shares outstanding	30,378		30,027
Earnings per common share applicable to TRC Companies, Inc.
Basic earnings per common share	$	0.12	$	0.08
Diluted earnings per common share	$	0.11	$	0.08
Anti-dilutive stock options, RSA's, RSU's and PSU's, excluded from the calculation	1,189		1,475