Earnings Per Share (EPS)

3 Months Ended

Oct. 02, 2011

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 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
	October 2, 2011						September 26, 2010
	Net Income		Weighted				Net Income		Weighted
	Attributable		Average		Per-Share		Attributable		Average		Per-Share
	to STRATTEC		Shares		Amount		to STRATTEC		Shares		Amount
Basic Earnings Per Share	$	1,282		3,294	$	0.39	$	1,418		3,280	$	0.43

Stock-Based Compensation				32						19

Diluted Earnings Per Share	$	1,282		3,326	$	0.39	$	1,418		3,299	$	0.43

Net earnings available to participating securities were not significant for the three months ended October 2, 2011 and September 26, 2010. We consider restricted stock that provides the holder with a non-forfeitable right to receive dividends to be a participating security.

As of October 2, 2011, options to purchase 250,000 shares of common stock at a weighted-average exercise price of $33.78 were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. As of September 26, 2010, options to purchase 223,100 shares of common stock at a weighted-average exercise price of $34.22 were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.