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(Loss) Earnings Per Share | 12 Months Ended
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Jul. 02, 2023
Earnings Per Share [Abstract] |
(Loss) Earnings Per Share | (LOSS) EARNINGS PER SHARE Basic (loss) earnings per share is computed on the basis of the weighted average number of shares of common stock outstanding during the applicable period. Diluted (loss) 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 2, 2023 |  |  | July 3, 2022 |
Net (loss) income attributable to STRATTEC |  | $ | (6,670 | ) |  | $ | 7,016 |
Weighted average shares of common stock outstanding |  |  | 3,921 |  |  |  | 3,861 |
Incremental shares – stock based compensation |  |  | — |  |  |  | 49 |
Diluted weighted average shares of common stock outstanding |  |  | 3,921 |  |  |  | 3,910 |
Basic (loss) earnings per share |  | $ | (1.70 | ) |  | $ | 1.82 |
Diluted (loss) earnings per share |  | $ | (1.70 | ) |  | $ | 1.79 |
Potentially dilutive common shares 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 2, 2023 |  |  | 63,061 |
July 3, 2022 |  |  | 36,921 |

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