Earnings Per Share (''EPS'')

6 Months Ended

Jan. 01, 2017

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
	January 1, 2017		December 27, 2015		January 1, 2017		December 27, 2015
Net Income Attributable to STRATTEC SECURITY CORPORATION	$	398	$	3,403	$	1,940	$	6,676
Less: Income Attributable to Participating Securities		—		21		1		42
Net Income Attributable to Common Shareholders	$	398	$	3,382	$	1,939	$	6,634

Basic Weighted Average Shares of Common Stock Outstanding		3,589		3,563		3,583		3,553
Incremental Shares – Stock based Compensation		78		61		81		68
Diluted Weighted Average Shares of Common Stock Outstanding		3,667		3,624		3,664		3,621

Basic Earnings Per Share	$	0.11	$	0.95	$	0.54	$	1.87
Diluted Earnings Per Share	$	0.11	$	0.93	$	0.53	$	1.83

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

The calculation of earnings per share excluded 14,010 and 10,000 share-based payment awards as of January 1, 2017 and December 27, 2015, respectively, because their inclusion would have been anti-dilutive.