Earnings (Loss) Per Share

12 Months Ended

Jun. 30, 2024

EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed on the basis of the weighted average number of shares of common stock outstanding during the applicable period. Diluted earnings (loss) 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
	June 30, 2024		July 2, 2023
Net income (loss) attributable to STRATTEC	$	16,313	$	(6,670	)

Weighted average shares of common stock outstanding		3,975		3,921
Incremental shares – stock based compensation		29		—
Diluted weighted average shares of common stock outstanding		4,004		3,921
Basic earnings (loss) per share	$	4.10	$	(1.70	)
Diluted earnings (loss) per share	$	4.07	$	(1.70	)

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 Shares Excluded
June 30, 2024		8,070
July 2, 2023		63,061