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 June30, 2013, options to purchase248,000shares of common stock were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. As of July1, 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 July3, 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.