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(Loss) Earnings Per Share (Tables)

12 Months Ended

Jul. 02, 2023

Earnings Per Share [Abstract]

Reconciliation of the Components of Basic and Diluted Per Share

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

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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