Earnings Per Share (''EPS'')

6 Months Ended

Dec. 27, 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 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 unvested 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				Six Months Ended
	December 27, 2015		December 28, 2014		December 27, 2015		December 28, 2014
Net Income Attributable to STRATTEC SECURITY CORPORATION...........................	$	3,403	$	5,778	$	6,676	$	15,078
Less: Income Attributable to Participating Securities.....		21		71		42		191
Net Income Attributable to Common Shareholders......	$	3,382	$	5,707	$	6,634	$	14,887

Basic Weighted Average Shares of Common Stock Outstanding..............................		3,563		3,518		3,553		3,507
Incremental Shares – Stock based Compensation.......		61		94		68		96
Diluted Weighted Average Shares of Common Stock Outstanding..............................		3,624		3,612		3,621		3,603

Basic Earnings Per Share.......................	$	0.95	$	1.62	$	1.87	$	4.25
Diluted Earnings Per Share......................	$	0.93	$	1.58	$	1.83	$	4.13

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

As of December 27, 2015 and as of December 28, 2014, options to purchase 9,010 shares of common stock were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.