XML 115 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Earnings Per Share (''EPS'') | 12 Months Ended
--- | ---
Jun. 29, 2014
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 unvested restricted stock awards. A reconciliation of the components of the basic and diluted per share computations follows (in thousands, except per share amounts):
|  | 2014 |  |  | 2013 |  |  | 2012 |
Net Income Attributable to STRATTEC |  | $ | 16,424 |  |  | $ | 9,375 |  |  | $ | 8,793 |
Less: Income Attributable to Participating Securities |  |  | 296 |  |  |  | 171 |  |  |  | — |
Net Income Attributable to Common Shareholders |  | $ | 16,128 |  |  | $ | 9,204 |  |  | $ | 8,793 |
Weighted Average Shares of Common Stock Outstanding |  |  | 3,428 |  |  |  | 3,327 |  |  |  | 3,300 |
Incremental Shares – Stock based Compensation |  |  | 85 |  |  |  | 52 |  |  |  | 30 |
Diluted Weighted Average Shares of Common Stock Outstanding |  |  | 3,513 |  |  |  | 3,379 |  |  |  | 3,330 |
Basic Earnings Per Share |  | $ | 4.70 |  |  | $ | 2.77 |  |  | $ | 2.66 |
Diluted Earnings Per Share |  | $ | 4.59 |  |  | $ | 2.72 |  |  | $ | 2.64 |
Net earnings available to participating securities were not significant in 2012. We consider unvested restricted stock that provides the holder with a non-forfeitable right to receive dividends to be a participating security. Options to purchase shares of common stock that were excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive were as follows:
|  | Number of Options Excluded |
June 29, 2014 |  |  | — |
June 30, 2013 |  |  | 248,000 |
July 1, 2013 |  |  | 248,000 |

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration