Earnings Per Share (''EPS'')

9 Months Ended

Mar. 27, 2016

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 applicable 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 applicable 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):

	Three Months Ended				Nine Months Ended
	March 27, 2016		March 29, 2015		March 27, 2016		March 29, 2015
Net Income Attributable to STRATTEC SECURITY CORPORATION	$	1,889	$	4,376	$	8,565	$	19,454
Less: Income Attributable to Participating Securities		12		53		54		244
Net Income Attributable to Common Shareholders	$	1,877	$	4,323	$	8,511	$	19,210

Basic Weighted Average Shares of Common Stock Outstanding		3,565		3,520		3,557		3,511
Incremental Shares – Stock based Compensation		54		83		63		92
Diluted Weighted Average Shares of Common Stock Outstanding		3,619		3,603		3,620		3,603

Basic Earnings Per Share	$	0.53	$	1.23	$	2.39	$	5.47
Diluted Earnings Per Share	$	0.52	$	1.20	$	2.35	$	5.33

We consider unvested restricted stock that provides the holder with a non-forfeitable right to receive dividends to be a participating security.

As of March 27, 2016 and as of March 29, 2015, options to purchase 9,010 shares of common stock were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.