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Earnings Per Share (EPS)
 6 Months Ended
Jan. 01, 2012
Earnings Per Share [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 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):

 

      September 30,       September 30,       September 30,       September 30,       September 30,       September 30,  
    Three Months Ended  
    January 1, 2012     December 26, 2010  
    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

   $ 1,548       3,301     $ 0.47     $ 1,247       3,286     $ 0.38  
                   

 

 

                    

 

 

  

Stock-Based Compensation

             28                       43          
           

 

 

                    

 

 

          

Diluted Earnings Per Share

   $ 1,548       3,329     $ 0.47     $ 1,247       3,329     $ 0.37  
           

 

 

    

 

 

            

 

 

    

 

 

  

 

 

      September 30,       September 30,       September 30,       September 30,       September 30,       September 30,  
    Six Months Ended  
    January 1, 2012     December 26, 2010  
    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

   $ 2,830       3,298     $ 0.86     $ 2,665       3,283     $ 0.81  
                   

 

 

                    

 

 

  

Stock-Based Compensation

             30                       31          
           

 

 

                    

 

 

          

Diluted Earnings Per Share

   $ 2,830       3,328     $ 0.85     $ 2,665       3,314     $ 0.80  
           

 

 

    

 

 

            

 

 

    

 

 

  

Net earnings available to participating securities were not significant for the three and six months ended January 1, 2012 and December 26, 2010. We consider restricted stock that provides the holder with a non-forfeitable right to receive dividends to be a participating security.

As of January 1, 2012, options to purchase 250,000 shares of common stock at a weighted-average exercise price of $33.78 were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. As of December 26, 2010, options to purchase 131,100 shares of common stock at a weighted-average exercise price of $45.77 were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.