Earnings Per Share (''EPS'')

12 Months Ended

Jun. 29, 2014

Earnings Per Share (''EPS'')

EARNINGS PER SHARE (“EPS”)

Basic earnings per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the potential dilutive common shares outstanding during the period using the treasury stock method. Potential dilutive common shares include outstanding stock options and unvested restricted stock awards.

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

	2014		2013		2012
Net Income Attributable to STRATTEC	$	16,424	$	9,375	$	8,793
Less: Income Attributable to Participating Securities		296		171		—
Net Income Attributable to Common Shareholders	$	16,128	$	9,204	$	8,793
Weighted Average Shares of Common Stock Outstanding		3,428		3,327		3,300
Incremental Shares – Stock based Compensation		85		52		30
Diluted Weighted Average Shares of Common Stock Outstanding		3,513		3,379		3,330
Basic Earnings Per Share	$	4.70	$	2.77	$	2.66
Diluted Earnings Per Share	$	4.59	$	2.72	$	2.64

Net earnings available to participating securities were not significant in 2012. We consider unvested restricted stock that provides the holder with a non-forfeitable right to receive dividends to be a participating security.

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:

	Number of  Options Excluded
June 29, 2014		—
June 30, 2013		248,000
July 1, 2013		248,000