XML 82 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (''EPS'') (Tables)
12 Months Ended
Jul. 01, 2018
Earnings Per Share [Abstract]  
Reconciliation of the Components of Basic and Diluted Per Share

A reconciliation of the components of the basic and diluted per share computations follows (in thousands, except per share amounts):

 

 

 

Years Ended

 

 

 

July 1, 2018

 

 

July 2, 2017

 

 

July 3, 2016

 

Net income attributable to STRATTEC

 

$

12,283

 

 

$

7,197

 

 

$

9,149

 

Less: Income attributable to participating securities

 

 

 

 

 

1

 

 

 

58

 

Net income attributable to common shareholders

 

$

12,283

 

 

$

7,196

 

 

$

9,091

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding

 

 

3,628

 

 

 

3,588

 

 

 

3,559

 

Incremental shares – stock based compensation

 

 

75

 

 

 

82

 

 

 

62

 

Diluted weighted average shares of common stock

   outstanding

 

 

3,703

 

 

 

3,670

 

 

 

3,621

 

Basic earnings per share

 

$

3.39

 

 

$

2.01

 

 

$

2.55

 

Diluted earnings per share

 

$

3.32

 

 

$

1.96

 

 

$

2.51

 

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Options to purchase shares of common stock that were excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive were as follows:

 

Years Ended

 

Number of Options

Excluded

 

July 1, 2018

 

 

41,200

 

July 2, 2017

 

 

9,010

 

July 3, 2016

 

 

9,010