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Earnings Per Share (''EPS'') | 12 Months Ended
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Jul. 01, 2018
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):
|  | Years Ended |
|  | July 1, 2018 |  |  | July 2, 2017 |  |  | July 3, 2016 |
Net income attributable to STRATTEC |  | $ | 12,283 |  |  | $ | 7,197 |  |  | $ | 9,149 |
Less: Income attributable to participating securities |  |  | — |  |  |  | 1 |  |  |  | 58 |
Net income attributable to common shareholders |  | $ | 12,283 |  |  | $ | 7,196 |  |  | $ | 9,091 |
Weighted average shares of common stock outstanding |  |  | 3,628 |  |  |  | 3,588 |  |  |  | 3,559 |
Incremental shares – stock based compensation |  |  | 75 |  |  |  | 82 |  |  |  | 62 |
Diluted weighted average shares of common stock outstanding |  |  | 3,703 |  |  |  | 3,670 |  |  |  | 3,621 |
Basic earnings per share |  | $ | 3.39 |  |  | $ | 2.01 |  |  | $ | 2.55 |
Diluted earnings per share |  | $ | 3.32 |  |  | $ | 1.96 |  |  | $ | 2.51 |
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:
Years Ended |  | Number of Options Excluded |
July 1, 2018 |  |  | 41,200 |
July 2, 2017 |  |  | 9,010 |
July 3, 2016 |  |  | 9,010 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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