Earnings Per Share (EPS)

9 Months Ended

Apr. 01, 2012

Earnings Per Share (EPS) [Abstract]

Earnings Per Share (EPS)

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 applicable 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 applicable 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
	April 1, 2012						March 27, 2011
	Net Income Attributable to STRATTEC		Weighted Average Shares		Per-Share Amount		Net Income Attributable to STRATTEC		Weighted Average Shares		Per-Share Amount
Basic Earnings Per Share	$	2,728		3,303	$	0.83	$	55		3,286	$	0.02
Stock-Based Compensation				30						53
Diluted Earnings Per Share	$	2,728		3,333	$	0.82	$	55		3,339	$	0.02
	Nine Months Ended
	April 1, 2012						March 27, 2011
	Net Income Attributable to STRATTEC		Weighted Average Shares		Per-Share Amount		Net Income Attributable to STRATTEC		Weighted Average Shares		Per-Share Amount
Basic Earnings Per Share	$	5,558		3,299	$	1.68	$	2,720		3,284	$	0.83
Stock-Based Compensation				30						38
Diluted Earnings Per Share	$	5,558		3,329	$	1.67	$	2,720		3,322	$	0.82

Net earnings available to participating securities were not significant for the three and nine months ended April 1, 2012 and March 27, 2011. We consider restricted stock that provides the holder with a non-forfeitable right to receive dividends to be a participating security.

As of April 1, 2012, options to purchase 248,000 shares of common stock at a weighted-average exercise price of $33.75 were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. As of March 27, 2011, options to purchase 90,000 shares of common stock at a weighted-average exercise price of $56.29 were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.