Earnings Per Share

9 Months Ended

Mar. 29, 2013

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 number of 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 and nine months ended March 29, 2013 and March 30, 2012:

	Three Months Ended				Nine Months Ended
	March 29, 2013		March 30, 2012		March 29, 2013		March 30, 2012
Net income applicable to TRC Companies, Inc.	$	3,101	$	3,881	$	11,496	$	27,780
Basic weighted-average common shares outstanding	28,998		27,887		28,778		27,733
Effect of dilutive stock options, RSA's, RSU's and PSU's	656		1,056		769		886
Diluted weighted-average common shares outstanding	29,654		28,943		29,547		28,619
Earnings per common share applicable to TRC Companies, Inc.
Basic earnings per common share	$	0.11	$	0.14	$	0.40	$	1.00
Diluted earnings per common share	$	0.10	$	0.13	$	0.39	$	0.97
Anti-dilutive stock options, RSA's, RSU's and PSU's, excluded from the calculation	2,230		1,766		2,118		1,986