Loss Per Share

12 Months Ended

Jun. 28, 2020

Earnings Per Share [Abstract]

Loss Per Share

LOSS PER SHARE

Basic loss per share is computed on the basis of the weighted average number of shares of common stock outstanding during the applicable period. Diluted loss 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):

	Years Ended
	June 28, 2020			June 30, 2019
Net loss attributable to STRATTEC	$	(7,605	)	$	(17,029	)
Weighted average shares of common stock outstanding		3,737			3,676
Incremental shares – stock based compensation		—			—
Diluted weighted average shares of common stock    Outstanding		3,737			3,676
Basic loss per share	$	(2.04	)	$	(4.63	)
Diluted loss per share	$	(2.04	)	$	(4.63	)

Potentially dilutive common shares that were excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive were as follows:

Years Ended	Number Excluded
June 28, 2020		160,254
June 30, 2019		181,117