Earnings Per Share (''EPS'')

12 Months Ended

Jun. 28, 2015

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 unvested restricted stock awards. A reconciliation of the components of the basic and diluted per share computations follows (in thousands, except per share amounts):

		2015		2014		2013
Net Income Attributable to STRATTEC	$	20,654	$	16,424	$	9,375
Less: Income Attributable to Participating Securities		258		296		171
Net Income Attributable to Common Shareholders	$	20,396	$	16,128	$	9,204

Weighted Average Shares of Common Stock Outstanding		3,515		3,428		3,327
Incremental Shares – Stock based Compensation		89		85		52
Diluted Weighted Average Shares of Common Stock Outstanding		3,604		3,513		3,379
Basic Earnings Per Share	$	5.80	$	4.70	$	2.77
Diluted Earnings Per Share	$	5.66	$	4.59	$	2.72

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

Options to purchase shares of common stock that were excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive were as follows:

		Number of Options Excluded
June 29, 2015		10,000
June 29, 2014		—
June 30, 2013		248,000