XML 54 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share (''EPS'')
 12 Months Ended
Jun. 30, 2013
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 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):

 

 

2013

 

  

2012

 

  

2011

Net Income Attributable to STRATTEC             

$

  9,375

  

  

$

  8,793

  

  

$

  5,418

Less: Income Attributable to Participating Securities             

 

  171

  

  

 

—

  

  

 

—

Net Income Attributable to Common Shareholders             

$

  9,204

  

  

$

  8,793

  

  

$

  5,418

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Shares of Common Stock Outstanding             

 

  3,327

  

  

 

  3,300

  

  

 

  3,285

Incremental Shares – Stock based Compensation             

 

  52

  

  

 

  30

  

  

 

  38

Diluted Weighted Average Shares of Common Stock Outstanding             

 

  3,379

  

  

 

  3,330

  

  

 

  3,323

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share             

$

  2.77

  

  

$

  2.66

  

  

$

  1.65

Diluted Earnings Per Share             

$

  2.72

  

  

$

  2.64

  

  

$

  1.63

Net earnings available to participating securities were not significant in 2012 and 2011. We consider unvested restricted stock that provides the holder with a non-forfeitable right to receive dividends to be a participating security.

As of June 30, 2013, options to purchase 248,000 shares of common stock were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. As of July 1, 2012, options to purchase 248,000 shares of common stock were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. As of July 3, 2011, options to purchase 142,000 shares of common stock were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.