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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