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Earnings Per Share (''EPS'') | 6 Months Ended
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Dec. 28, 2014
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 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 28, 2014 |  |  | December 29, 2013 |  |  | December 28, 2014 |  |  | December 29, 2013 |
Net Income Attributable to STRATTEC SECURITY CORPORATION |  | $ | 5,778 |  |  | $ | 3,873 |  |  | $ | 15,078 |  |  | $ | 7,084 |
Less: Income Attributable to Participating Securities |  |  | 71 |  |  |  | 69 |  |  |  | 191 |  |  |  | 129 |
Net Income Attributable to Common Shareholders |  | $ | 5,707 |  |  | $ | 3,804 |  |  | $ | 14,887 |  |  | $ | 6,955 |
Basic Weighted Average Shares of Common Stock Outstanding |  |  | 3,518 |  |  |  | 3,413 |  |  |  | 3,507 |  |  |  | 3,397 |
Incremental Shares – Stock based Compensation |  |  | 94 |  |  |  | 74 |  |  |  | 96 |  |  |  | 76 |
Diluted Weighted Average Shares of Common Stock Outstanding |  |  | 3,612 |  |  |  | 3,487 |  |  |  | 3,603 |  |  |  | 3,473 |
Basic Earnings Per Share |  | $ | 1.62 |  |  | $ | 1.11 |  |  | $ | 4.25 |  |  | $ | 2.05 |
Diluted Earnings Per Share |  | $ | 1.58 |  |  | $ | 1.09 |  |  | $ | 4.13 |  |  | $ | 2.00 |
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 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. As of December 29, 2013, options to purchase 67,340 shares of common stock were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

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- 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
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