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Earnings Per Share
 6 Months Ended
Dec. 29, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 15. EARNINGS PER SHARE

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 29,
2024

 

 

December 31,
2023

 

 

December 29,
2024

 

 

December 31,
2023

 

Net income attributable to STRATTEC
     SECURITY CORPORATION

$

1,319

 

 

$

1,022

 

 

$

5,022

 

 

$

5,187

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

4,035

 

 

 

3,976

 

 

 

4,020

 

 

 

3,962

 

Effect of dilutive securities - employee stock
     compensation plan

 

35

 

 

 

22

 

 

 

38

 

 

 

24

 

Diluted weighted-average shares outstanding

 

4,070

 

 

 

3,998

 

 

 

4,058

 

 

 

3,986

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.33

 

 

$

0.26

 

 

$

1.25

 

 

$

1.31

 

Diluted

$

0.32

 

 

$

0.26

 

 

$

1.24

 

 

$

1.30

 

 

Shares of common stock related to share-based compensation that were excluded from the effect of dilutive securities because the effect would have been anti-dilutive include 5,191 and 49,595 shares for the three months ended December 29, 2024 and December 31, 2023, respectively, and 2,596 and 55,783 shares for the six months ended December 29, 2024 and December 31, 2023, respectively.