0001564590-20-050255 | 10-Q | XBRL Viewer

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Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Sep. 27, 2020	Oct. 30, 2020
Cover [Abstract]
Entity Registrant Name	UNIFI INC
Entity Central Index Key	0000100726
Entity File Number	1-10542
Entity Tax Identification Number	11-2165495
Trading Symbol	UFI
Entity Incorporation, State or Country Code	NY
Current Fiscal Year End Date	--06-27
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding (in shares)		18,453,946
Document Type	10-Q
Document Period End Date	Sep. 27, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.10 per share
Security Exchange Name	NYSE
Entity Address, Address Line One	7201 West Friendly Avenue
Entity Address, City or Town	Greensboro
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27410
City Area Code	336
Local Phone Number	294-4410
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
ASSETS
Cash and cash equivalents	$ 78,095	$ 75,267
Receivables, net	77,228	53,726
Inventories	104,780	109,704
Income taxes receivable	7,387	4,033
Other current assets	9,760	11,763
Total current assets	277,250	254,493
Property, plant and equipment, net	200,222	204,246
Operating lease assets	8,482	8,940
Deferred income taxes	2,333	2,352
Other non-current assets	3,950	4,131
Total assets	492,237	474,162
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	38,468	25,610
Accrued expenses	16,618	13,689
Income taxes payable	3,936	349
Current operating lease liabilities	1,773	1,783
Current portion of long-term debt	13,506	13,563
Total current liabilities	74,301	54,994
Long-term debt	81,279	84,607
Non-current operating lease liabilities	6,811	7,251
Other long-term liabilities	9,214	8,606
Deferred income taxes	555	2,549
Total liabilities	172,160	158,007
Commitments and contingencies
Common stock, $0.10 par value (500,000,000 shares authorized; 18,447,888 and 18,446,436 shares issued and outstanding as of September 27, 2020 and June 28, 2020, respectively)	1,845	1,845
Capital in excess of par value	62,810	62,392
Retained earnings	319,156	315,724
Accumulated other comprehensive loss	(63,734)	(63,806)
Total shareholders’ equity	320,077	316,155
Total liabilities and shareholders’ equity	$ 492,237	$ 474,162

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 27, 2020	Jun. 28, 2020
Statement Of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	18,447,888	18,446,436
Common stock, shares outstanding (in shares)	18,447,888	18,446,436

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Income Statement [Abstract]
Net sales	$ 141,505	$ 179,949
Cost of sales	126,944	162,506
Gross profit	14,561	17,443
Selling, general and administrative expenses	11,364	10,980
(Benefit) provision for bad debts	(887)	9
Other operating expense, net	1,178	108
Operating income	2,906	6,346
Interest income	(125)	(210)
Interest expense	871	1,257
Equity in (earnings) loss of unconsolidated affiliates	(93)	866
Income before income taxes	2,253	4,433
(Benefit) provision for income taxes	(1,179)	721
Net income	$ 3,432	$ 3,712
Net income per common share:
Basic	$ 0.19	$ 0.20
Diluted	$ 0.18	$ 0.20

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Net income	$ 3,432	$ 3,712
Other comprehensive income (loss):
Foreign currency translation adjustments	(182)	(6,158)
Changes in interest rate swaps, net of tax of $78 and $0, respectively	254	(328)
Other comprehensive income (loss), net	72	(6,656)
Comprehensive income (loss)	$ 3,504	(2,944)
Unconsolidated Affiliates [Member]
Other comprehensive income (loss):
Foreign currency translation adjustments		$ (170)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Statement Of Income And Comprehensive Income [Abstract]
Changes in interest rate swaps, tax	$ 78	$ 0

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Jun. 30, 2019	$ 392,845	$ 1,846	$ 59,560	$ 374,668	$ (43,229)
Balance (in shares) at Jun. 30, 2019		18,462,000
Options exercised	29	$ 1	28
Options exercised (in shares)		10,000
Conversion of restricted stock units		$ 2	(2)
Conversion of restricted stock units (in shares)		18,000
Stock-based compensation	121		121
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions	(44)		(44)
Other comprehensive income, net of tax	(6,656)				(6,656)
Net income (loss)	3,712			3,712
Balance at Sep. 29, 2019	390,007	$ 1,849	59,663	378,380	(49,885)
Balance (in shares) at Sep. 29, 2019		18,490,000
Balance at Jun. 28, 2020	$ 316,155	$ 1,845	62,392	315,724	(63,806)
Balance (in shares) at Jun. 28, 2020	18,446,436	18,446,000
Conversion of restricted stock units (in shares)		2,000
Stock-based compensation	$ 425		425
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions	(7)		(7)
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions (in shares)		(1,000)
Other comprehensive income, net of tax	72				72
Net income (loss)	3,432			3,432
Balance at Sep. 27, 2020	$ 320,077	$ 1,845	$ 62,810	$ 319,156	$ (63,734)
Balance (in shares) at Sep. 27, 2020	18,447,888	18,447,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Statement Of Cash Flows [Abstract]
Cash and cash equivalents at beginning of period	$ 75,267	$ 22,228
Operating activities:
Net income	3,432	3,712
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in (earnings) loss of unconsolidated affiliates	(93)	866
Distributions received from unconsolidated affiliates		10,437
Depreciation and amortization expense	6,112	5,685
Non-cash compensation expense	509	187
Deferred income taxes	(2,072)	(760)
Other, net	(132)	(127)
Changes in assets and liabilities:
Receivables, net	(23,499)	1,543
Inventories	4,853	1,981
Other current assets	2,083	(486)
Income taxes	191	814
Accounts payable and accrued expenses	15,314	(119)
Other, net	1,224	89
Net cash provided by operating activities	7,922	23,822
Investing activities:
Capital expenditures	(1,864)	(4,585)
Other, net		(21)
Net cash used by investing activities	(1,864)	(4,606)
Financing activities:
Proceeds from ABL Revolver		23,000
Payments on ABL Revolver		(25,400)
Payments on ABL Term Loan	(2,500)	(2,500)
Payments on finance lease obligations	(945)	(1,608)
Proceeds from stock option exercises		29
Other	(7)	(44)
Net cash used by financing activities	(3,452)	(6,523)
Effect of exchange rate changes on cash and cash equivalents	222	(803)
Net increase in cash and cash equivalents	2,828	11,890
Cash and cash equivalents at end of period	$ 78,095	$ 34,118

Background

3 Months Ended

Sep. 27, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Background

1. Background

Unifi, Inc., a New York corporation formed in 1969 (together with its subsidiaries, “UNIFI,” the “Company,” “we,” “us” or “our”), is a multinational company that manufactures and sells innovative recycled and synthetic products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers (UNIFI’s direct customers) that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets (UNIFI’s indirect customers). We refer to these indirect customers as “brand partners.” Polyester products include partially oriented yarn (“POY”), textured, solution and package dyed, twisted, beamed and draw wound yarns, and each is available in virgin or recycled varieties. Recycled solutions, made from both pre-consumer and post-consumer waste, include plastic bottle flake (“Flake”), polyester polymer beads (“Chip”) and staple fiber. Nylon products include virgin or recycled textured, solution dyed and spandex covered yarns.

UNIFI maintains one of the textile industry’s most comprehensive product offerings that include a range of specialized, value-added and commodity solutions, with principal geographic markets in the Americas, Asia and Europe. UNIFI has direct manufacturing operations in four countries and participates in joint ventures with operations in Israel and the United States (“U.S.”).

Basis of Presentation; Condensed Notes

3 Months Ended

Sep. 27, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Basis of Presentation; Condensed Notes

2. Basis of Presentation; Condensed Notes

The accompanying condensed consolidated financial statements are unaudited and have been prepared in accordance with generally accepted accounting principles in the U.S. (“GAAP”) for interim financial information. As contemplated by the instructions of the SEC to Form 10-Q, the following notes have been condensed and, therefore, do not contain all disclosures required in connection with annual financial statements. Reference should be made to UNIFI’s year-end audited consolidated financial statements and related notes thereto contained in its Annual Report on Form 10-K for the fiscal year ended June 28, 2020 (the “2020 Form 10-K”).

The financial information included in this report has been prepared by UNIFI, without audit. In the opinion of management, all adjustments, which consist of normal, recurring adjustments, considered necessary for a fair statement of the results for interim periods have been included. Nevertheless, the results shown for interim periods are not necessarily indicative of results to be expected for the full year. The preparation of financial statements in conformity with GAAP requires management to make use of estimates and assumptions that affect the amounts reported and certain financial statement disclosures. Actual results may vary from these estimates.

All amounts, except per share amounts, are presented in thousands (000s), except as otherwise noted.

The fiscal quarter for each of Unifi, Inc., its primary domestic operating subsidiaries and its subsidiary in El Salvador ended on September 27, 2020, the Sunday nearest to September 30, 2020. Unifi, Inc.’s remaining material operating subsidiaries’ fiscal quarter ended on September 30, 2020. There were no significant transactions or events that occurred between Unifi, Inc.’s fiscal quarter end and such wholly owned subsidiaries’ subsequent fiscal quarter end. The three-month periods ended September 27, 2020 and September 29, 2019 both consisted of 13 weeks.

Recent Accounting Pronouncements

3 Months Ended

Sep. 27, 2020

New Accounting Pronouncements And Changes In Accounting Principles [Abstract]

Recent Accounting Pronouncements

3. Recent Accounting Pronouncements

Recently Adopted

In June 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments - Credit Losses, with an effective date consistent with UNIFI’s fiscal 2021. The new guidance requires a financial asset measured at amortized cost basis to be presented at the net amount expected to be collected and eliminates the probable initial recognition threshold to instead reflect an entity’s current estimate of all expected credit losses. UNIFI adopted the ASU in fiscal 2021 using the modified retrospective approach and the adoption had no material impact to UNIFI’s financial position or results of operations.

Based on UNIFI’s review of ASUs issued since the filing of the 2020 Form 10-K, there have been no other newly issued or newly applicable accounting pronouncements that have had, or are expected to have, a material impact on UNIFI’s consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 8
-Subparagraph (e)(3)

+ Details

Revenue Recognition

3 Months Ended

Sep. 27, 2020

Revenue From Contract With Customer [Abstract]

Revenue Recognition

4. Revenue Recognition

The following tables present disaggregated revenues for UNIFI:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
Third-party manufacturer	$	138,841	$	178,020
Service		2,664		1,929
Net sales	$	141,505	$	179,949

	For the Three Months Ended
	September 27, 2020		September 29, 2019
REPREVE^® Fiber	$	49,858	$	56,485
Non-REPREVE^® Fiber		91,647		123,464
Total	$	141,505	$	179,949

Third-Party Manufacturer

Third-party manufacturer revenue is primarily generated through sales to direct customers. Such sales represent satisfaction of UNIFI’s performance obligations required by the associated revenue contracts. Each of UNIFI’s reportable segments derives revenue from sales to third-party manufacturers.

Service Revenue

Service revenue is primarily generated, as services are rendered, through fulfillment of toll manufacturing of textile products or transportation services governed by written agreements. Such toll manufacturing and transportation services represent satisfaction of UNIFI’s performance obligations required by the associated revenue contracts. The Polyester Segment derives service revenue for toll manufacturing and the All Other category derives service revenue for transportation services.

REPREVE^® Fiber

REPREVE^® Fiber represents UNIFI’s platform of recycled polyester and recycled nylon filament and staple fiber products in either base recycled form or with added technologies.

Variable Consideration

Volume-based incentives

Volume-based incentives involve rebates or refunds of cash that are redeemable if the customer satisfies certain order volume thresholds during a defined time period. Under these incentive programs, UNIFI estimates the anticipated rebate to be paid and allocates a portion of the estimated cost of the rebate to each underlying sales transaction with the customer.

Product claims

UNIFI generally offers customers claims support or remuneration for defective products. UNIFI estimates the amount of its product sales that may be claimed as defective by its customers and records this estimate as a reduction of revenue in the period the related product revenue is recognized.

For all variable consideration, where appropriate, UNIFI estimates the amount using the expected value method, which takes into consideration historical experience, current contractual requirements, specific known market events and forecasted customer buying and payment patterns. Overall, these reserves reflect UNIFI’s best estimates of the amount of consideration to which the customer is entitled based on the terms of the contracts.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Receivables, Net

3 Months Ended

Sep. 27, 2020

Receivables [Abstract]

Receivables, Net

5. Receivables, Net

Receivables, net consists of the following:

	September 27, 2020			June 28, 2020
Customer receivables	$	68,735		$	53,307
Allowance for uncollectible accounts		(2,890	)		(3,796	)
Reserves for quality claims		(912	)		(928	)
Net customer receivables		64,933			48,583
Other receivables		12,295			5,143
Total receivables, net	$	77,228		$	53,726

Other receivables includes banker’s acceptance notes (“BANs”) in connection with the settlement of customer receivables generated from trade activity in the Asia Segment. The BANs are redeemable upon maturity from the drawing financial institutions, or earlier at a discount. BANs of $1,596 previously reflected in customer receivables as of June 28, 2020 have been reclassified to other receivables to conform to the current presentation.

Inventories

3 Months Ended

Sep. 27, 2020

Inventory Disclosure [Abstract]

Inventories

6. Inventories

Inventories consists of the following:

	September 27, 2020			June 28, 2020
Raw materials	$	35,821		$	42,758
Supplies		9,190			9,294
Work in process		6,885			6,267
Finished goods		57,754			55,609
Gross inventories		109,650			113,928
Net realizable value adjustment		(4,870	)		(4,224	)
Total inventories	$	104,780		$	109,704

Other Current Assets

3 Months Ended

Sep. 27, 2020

Other Assets Current [Abstract]

Other Current Assets

7. Other Current Assets

Other current assets consists of the following:

	September 27, 2020		June 28, 2020
Vendor deposits	$	5,197	$	2,349
Value-added taxes receivable		2,243		2,604
Prepaid expenses		1,776		1,857
Contract assets		544		4,953
Total other current assets	$	9,760	$	11,763

Property, Plant and Equipment, Net

3 Months Ended

Sep. 27, 2020

Property Plant And Equipment [Abstract]

Property, Plant and Equipment, Net

8. Property, Plant and Equipment, Net

Property, plant and equipment (“PP&E”), net consists of the following:

	September 27, 2020			June 28, 2020
Land	$	3,145		$	3,154
Land improvements		16,344			16,344
Buildings and improvements		158,432			158,025
Assets under finance leases		21,260			29,857
Machinery and equipment		607,871			602,867
Computers, software and office equipment		22,730			22,677
Transportation equipment		10,432			7,806
Construction in progress		8,050			7,582
Gross PP&E		848,264			848,312
Less: accumulated depreciation		(643,577	)		(636,221	)
Less: accumulated amortization – finance leases		(4,465	)		(7,845	)
Total PP&E, net	$	200,222		$	204,246

Accrued Expenses

3 Months Ended

Sep. 27, 2020

Payables And Accruals [Abstract]

Accrued Expenses

9. Accrued Expenses

Accrued expenses consists of the following:

	September 27, 2020		June 28, 2020
Payroll and fringe benefits	$	9,239	$	8,036
Deferred revenue		2,005		1,279
Severance		1,359		1,083
Other		4,015		3,291
Total accrued expenses	$	16,618	$	13,689

Long-Term Debt

3 Months Ended

Sep. 27, 2020

Debt Disclosure [Abstract]

Long-Term Debt

10. Long-Term Debt

Debt Obligations

The following table presents the total balances outstanding for UNIFI’s debt obligations, their scheduled maturity dates and the weighted average interest rates for borrowings as well as the applicable current portion of long-term debt:

		Weighted Average
	Scheduled	Interest Rate as of	Principal Amounts as of
	Maturity Date	September 27, 2020	September 27, 2020			June 28, 2020
ABL Revolver	December 2023	0.0%	$	—		$	—
ABL Term Loan ⁽¹⁾	December 2023	3.2%		85,000			87,500
Finance lease obligations	(2)	3.6%		10,436			11,381
Total debt				95,436			98,881
Current ABL Term Loan				(10,000	)		(10,000	)
Current portion of finance lease obligations				(3,506	)		(3,563	)
Unamortized debt issuance costs				(651	)		(711	)
Total long-term debt			$	81,279		$	84,607

(1)	Includes the effects of interest rate swaps.

(2)	Scheduled maturity dates for finance lease obligations range from May 2022 to November 2027.

On December 18, 2018, Unifi, Inc. and certain of its subsidiaries entered into a Third Amendment to Amended and Restated Credit Agreement and Second Amendment to Amended and Restated Guaranty and Security Agreement (the “2018 Amendment”). The 2018 Amendment amended the Amended and Restated Credit Agreement, dated as of March 26, 2015, by and among Unifi, Inc. and a syndicate of lenders, as previously amended

(together with all previous and subsequent amendments, the “Credit Agreement”). The Credit Agreement provides for a $200,000 senior secured credit facility (the “ABL Facility”), including a $100,000 revolving credit facility (the “ABL Revolver”) and a term loan that can be reset up to a maximum amount of $100,000, once per fiscal year, if certain conditions are met (the “ABL Term Loan”). The ABL Facility has a maturity date of December 18, 2023.

ABL Facility borrowings bear interest at LIBOR plus an applicable margin of 1.25% to 1.75%, or the Base Rate (as defined in the Credit Agreement) plus an applicable margin of 0.25% to 0.75%, with interest currently being paid on a monthly basis. As of September 27, 2020 and June 28, 2020, ABL Facility borrowings carried interest at LIBOR plus 1.50%.

UNIFI currently maintains three interest rate swaps that fix LIBOR at approximately 1.9% on $75,000 of variable-rate debt. Such swaps are scheduled to terminate in May 2022.

Scheduled Debt Maturities

The following table presents the scheduled maturities of UNIFI’s outstanding debt obligations for the remainder of fiscal 2021, the following four fiscal years and thereafter:

	Fiscal 2021		Fiscal 2022		Fiscal 2023		Fiscal 2024		Fiscal 2025		Thereafter
ABL Revolver	$	—	$	—	$	—	$	—	$	—	$	—
ABL Term Loan		7,500		10,000		10,000		57,500		—		—
Finance lease obligations		2,617		3,388		1,094		1,132		1,028		1,177
Total	$	10,117	$	13,388	$	11,094	$	58,632	$	1,028	$	1,177

Other Long-Term Liabilities

3 Months Ended

Sep. 27, 2020

Other Liabilities Disclosure [Abstract]

Other Long-Term Liabilities

11. Other Long-Term Liabilities

Other long-term liabilities consists of the following:

	September 27, 2020		June 28, 2020
Supplemental post-employment plan	$	2,940	$	3,019
Interest rate swaps		2,219		2,551
Uncertain tax positions		1,177		1,112
Other		2,878		1,924
Total other long-term liabilities	$	9,214	$	8,606

Income Taxes

3 Months Ended

Sep. 27, 2020

Income Tax Disclosure [Abstract]

Income Taxes

12. Income Taxes

The (benefit) provision for income taxes and effective tax rate were as follows:

	For the Three Months Ended
	September 27, 2020			September 29, 2019
(Benefit) provision for income taxes	$	(1,179	)	$	721
Effective tax rate		(52.3	)%		16.3	%

U.S. Tax Law Change

On July 20, 2020, the U.S. Treasury issued and enacted final regulations related to global intangible low-tax income (“GILTI”) that allow certain U.S. taxpayers to elect to exclude foreign income that is subject to a high effective tax rate from their GILTI inclusions. The GILTI high-tax exclusion is an annual election and is retroactively available for tax years beginning after December 31, 2017. The current period includes a discrete tax benefit of $4,789 for the estimated impact of the retroactive election.

Valuation Allowance

UNIFI regularly assesses whether it is more-likely-than-not that some portion or all of its deferred tax assets will not be realized. UNIFI considers the scheduled reversal of taxable temporary differences, taxable income in carryback years, projected future taxable income and tax planning strategies in making this assessment. Since UNIFI operates in multiple jurisdictions, the assessment is made on a jurisdiction-by-jurisdiction basis, taking into account the effects of local tax law.

As a result of the newly enacted GILTI regulations, and their impact on prior tax periods, UNIFI does not expect to realize the full benefit of its U.S. federal net operating loss and research credit carryforwards. The current period includes $2,127 of discrete tax expense related to the change in valuation allowance.

Income Tax Expense

UNIFI’s (benefit) provision for income taxes for the three months ended September 27, 2020 and September 29, 2019 was calculated by applying an estimate of the annual effective tax rate for the full fiscal year to year-to-date income from ordinary activity. Tax effects of significant and unusual, or infrequently occurring, items are excluded from the estimated annual effective tax rate calculation and recognized discretely in the interim period in which they occur.

The effective tax rate for the three months ended September 27, 2020 was lower than the U.S. federal statutory rate primarily due to the retroactive GILTI high-tax exclusion for prior periods. This benefit was partially offset by the change in valuation allowance for deferred tax assets and current U.S. tax on GILTI.

The effective tax rate for the three months ended September 29, 2019 was lower than the U.S. federal statutory rate primarily due to the use of foreign tax credits generated in both current and prior tax years. These benefits were partially offset by earnings taxed at higher rates in foreign jurisdictions, U.S. tax on GILTI, and foreign withholding taxes.

UNIFI regularly assesses the outcomes of both completed and ongoing examinations to ensure that its provision for income taxes is sufficient. Certain returns that remain open to examination have utilized carryforward tax attributes generated in prior tax years, including net operating losses, which could potentially be revised upon examination.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Shareholders' Equity

3 Months Ended

Sep. 27, 2020

Stockholders Equity Note [Abstract]

Shareholders' Equity

13. Shareholders’ Equity

On October 31, 2018, UNIFI announced that its Board of Directors (the “Board”) approved a new share repurchase program (the “2018 SRP”) under which UNIFI is authorized to acquire up to $50,000 of its common stock. Under the 2018 SRP, purchases may be made from time to time in the open market at prevailing market prices, through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The share repurchase authorization is discretionary and has no expiration date. Repurchases, if any, are expected to be financed through cash generated from operations and borrowings under the ABL Revolver, and are subject to applicable limitations and restrictions as set forth in the ABL Facility. UNIFI may discontinue repurchases at any time that management determines additional purchases are not beneficial or advisable.

The following table summarizes UNIFI’s repurchases and retirements of its common stock under the 2018 SRP for the fiscal periods noted:

	Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs		Average Price Paid per Share		Approximate Dollar Value that May Yet Be Repurchased Under Publicly Announced Plans or Programs
Fiscal 2019		—	$	—
Fiscal 2020		84	$	23.72
Fiscal 2021 (through September 27, 2020)		—	$	—
Total		84	$	23.72	$	48,008

Repurchased shares are retired and have the status of authorized and unissued shares. The cost of the repurchased shares is recorded as a reduction to common stock to the extent of the par value of the shares acquired and the remainder is allocated between capital in excess of par value and retained earnings, on a pro rata basis.

Stock-Based Compensation

3 Months Ended

Sep. 27, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

14. Stock-Based Compensation

On October 24, 2018, the Unifi, Inc. Amended and Restated 2013 Incentive Compensation Plan (the “2018 Plan”) became effective, upon approval by shareholders at UNIFI’s annual meeting of shareholders held on October 31, 2018. The 2018 Plan set the number of shares available for future issuance pursuant to awards granted under the 2018 Plan to 1,250 and updated certain provisions for changes to Section 162(m) of the Internal Revenue Code of 1986, as amended.

The following table provides information as of September 27, 2020 with respect to the number of securities remaining available for future issuance under the 2018 Plan:

Authorized under the 2018 Plan	1,250
Plus: Awards expired, forfeited or otherwise terminated unexercised	171
Less: Awards granted to employees	(1,069	)
Less: Awards granted to non-employee directors	(117	)
Available for issuance under the 2018 Plan	235

Stock-based compensation units granted or issued was as follows:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
Stock options		—		15
Restricted stock units		—		28
Vested share units		—		—
Common stock		—		—

On October 29, 2020, UNIFI’s shareholders approved the Unifi, Inc. Second Amended and Restated 2013 Incentive Compensation Plan (the “2020 Plan”). The 2020 Plan set the number of shares available for future issuance pursuant to awards granted under the 2020 Plan to 850. No additional awards can be granted under the 2018 Plan or other prior plans; however, awards outstanding under a respective prior plan remain subject to that plan’s provisions.

Fair Value of Financial Instruments and Non-Financial Assets and Liabilities

3 Months Ended

Sep. 27, 2020

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments and Non-Financial Assets and Liabilities

15. Fair Value of Financial Instruments and Non-Financial Assets and Liabilities

UNIFI may use derivative financial instruments such as foreign currency forward contracts or interest rate swaps to reduce its ongoing business exposures to fluctuations in foreign currency exchange rates or interest rates. UNIFI currently maintains three interest rate swaps that fix LIBOR at approximately 1.9% on $75,000 of variable-rate debt. UNIFI does not enter into derivative contracts for speculative purposes.

The following table presents details regarding UNIFI’s hedging activities:

	For the Three Months Ended
	September 27, 2020			September 29, 2019
Interest expense	$	871		$	1,257
(Increase) decrease in fair value of interest rate swaps		(332	)		328
Impact of interest rate swaps to increase (decrease) interest expense		329			(63	)

For the three months ended September 27, 2020 and September 29, 2019, there were no significant changes to UNIFI’s assets and liabilities measured at fair value, and there were no transfers into or out of the levels of the fair value hierarchy.

UNIFI believes that there have been no significant changes to its credit risk profile or the interest rates available to UNIFI for debt issuances with similar terms and average maturities, and UNIFI estimates that the fair values of its debt obligations approximate the carrying amounts. Other financial instruments include cash and cash equivalents, receivables, accounts payable and accrued expenses. The financial statement carrying amounts of these items approximate the fair values due to their short-term nature.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Accumulated Other Comprehensive Loss

3 Months Ended

Sep. 27, 2020

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Accumulated Other Comprehensive Loss

16. Accumulated Other Comprehensive Loss

The components of and the changes in accumulated other comprehensive (loss) income, net of tax, as applicable, consist of the following:

	Foreign Currency Translation Adjustments			Changes in Interest Rate Swaps			Accumulated Other Comprehensive Loss
Balance at June 28, 2020	$	(61,848	)	$	(1,958	)	$	(63,806	)
Other comprehensive (loss) income		(182	)		254			72
Balance at September 27, 2020	$	(62,030	)	$	(1,704	)	$	(63,734	)

A summary of the after-tax effects of the components of other comprehensive income (loss), net for the three-month periods ended September 27, 2020 and September 29, 2019 is included in the accompanying condensed consolidated statements of comprehensive income (loss).

Earnings Per Share

3 Months Ended

Sep. 27, 2020

Earnings Per Share [Abstract]

Earnings Per Share

17. Earnings Per Share

The components of the calculation of earnings per share (“EPS”) are as follows:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
Net income	$	3,432	$	3,712
Basic weighted average shares		18,447		18,481
Net potential common share equivalents		251		245
Diluted weighted average shares		18,698		18,726
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		546		340
Excluded from the calculation of diluted shares:
Unvested stock options that vest upon achievement of certain market conditions		333		—

The calculation of EPS is based on the weighted average number of Unifi, Inc.’s common shares outstanding for the applicable period. The calculation of diluted EPS presents the effect of all potential dilutive common shares that were outstanding during the respective period, unless the effect of doing so is anti-dilutive.

Investments in Unconsolidated Affiliates and Variable Interest Entities

3 Months Ended

Sep. 27, 2020

Equity Method Investments And Joint Ventures [Abstract]

Investments in Unconsolidated Affiliates and Variable Interest Entities

18. Investments in Unconsolidated Affiliates and Variable Interest Entities

As of September 27, 2020, UNIFI maintained investments in two entities classified as unconsolidated affiliates: U.N.F. Industries, Ltd. (“UNF”); and UNF America LLC (“UNFA”) (collectively known as “UNFs”). UNIFI’s combined investments in UNF and UNFA were $2,195, each of which is reflected within other non-current assets in the accompanying condensed consolidated balance sheets.

Parkdale America, LLC

Parkdale America, LLC (“PAL”) is a limited liability company treated as a partnership for income tax reporting purposes and in which UNIFI held a 34% ownership interest (the “PAL Investment”) until UNIFI sold the investment on April 29, 2020. UNIFI accounted for the PAL Investment using the equity method of accounting and, because PAL was deemed a significant subsidiary in certain prior fiscal years, comparative prior year data is presented separately below.

U.N.F. Industries, Ltd.

Raw material and production services for UNF are provided by Nilit Ltd. under separate supply and services agreements. UNF’s fiscal year end is December 31, and it is a registered Israeli private company located in Migdal Ha-Emek, Israel.

UNF America LLC

Raw material and production services for UNFA are provided by Nilit America Inc. under separate supply and services agreements. UNFA’s fiscal year end is December 31, and it is a limited liability company treated as a partnership for income tax reporting purposes located in Ridgeway, Virginia.

In conjunction with the formation of UNFA, UNIFI entered into a supply agreement with UNF and UNFA whereby UNIFI agreed to purchase all of its first quality nylon POY requirements for texturing (subject to certain exceptions) from either UNF or UNFA. The supply agreement has no stated minimum purchase quantities and pricing is negotiated every six months, based on market rates. As of September 27, 2020, UNIFI’s open purchase orders related to this supply agreement were $1,100.

UNIFI’s raw material purchases under this supply agreement consisted of the following:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
UNFA		3,527		4,448
UNF		—		495
Total	$	3,527	$	4,943

As of September 27, 2020 and June 28, 2020, UNIFI had combined accounts payable due to UNF and UNFA of $2,561 and $1,166, respectively.

UNIFI has determined that UNF and UNFA are variable interest entities and that UNIFI is the primary beneficiary of these entities, based on the terms of the supply agreement discussed above. As a result, these entities should be consolidated with UNIFI’s financial results. As UNIFI purchases substantially all of the output from the two entities, the two entities’ balance sheets constitute 3% or less of UNIFI’s current assets, total assets and total liabilities, and such balances are not expected to comprise a larger portion in the future, UNIFI has not included the accounts of UNF and UNFA in its consolidated financial statements. The financial results of UNF and UNFA are included in UNIFI’s consolidated financial statements with a one-month lag, using the equity method of accounting and with intercompany profits eliminated in accordance with UNIFI’s accounting policy. Other than the supply agreement discussed above, UNIFI does not provide any other commitments or guarantees related to either UNF or UNFA.

Condensed balance sheet and income statement information for UNIFI’s unconsolidated affiliates (including reciprocal balances) are presented in the tables below.

	As of September 27, 2020						As of June 28, 2020
	PAL		UNFs		Total		PAL		UNFs		Total
Current assets	$	—	$	5,871	$	5,871	$	—	$	5,190	$	5,190
Non-current assets		—		774		774		—		561		561
Current liabilities		—		2,254		2,254		—		1,415		1,415
Non-current liabilities		—		—		—		—		—		—
Shareholders’ equity and capital accounts		—		4,391		4,391		—		4,336		4,336

UNIFI’s portion of undistributed earnings		—		1,560		1,560		—		1,424		1,424

	For the Three Months Ended September 27, 2020						For the Three Months Ended September 29, 2019
	PAL		UNFs		Total		PAL			UNFs		Total
Net sales	$	—	$	3,213	$	3,213	$	199,167		$	4,661	$	203,828
Gross profit		—		441		441		1,071			541		1,612
Income from operations		—		46		46		(3,275	)		112		(3,163	)
Net income		—		49		49		(3,455	)		124		(3,331	)
Depreciation and amortization		—		36		36		10,631			47		10,678

Cash received by PAL under cotton rebate program		—		—		—		3,693			—		3,693
Earnings recognized by PAL for cotton rebate program		—		—		—		3,588			—		3,588

Distributions received		—		—		—		10,437			—		10,437

Commitments and Contingencies

3 Months Ended

Sep. 27, 2020

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

19. Commitments and Contingencies

Collective Bargaining Agreements

While employees of UNIFI’s Brazilian operations are unionized, none of the labor force employed by UNIFI’s domestic or other foreign subsidiaries is currently covered by a collective bargaining agreement.

Environmental

On September 30, 2004, Unifi Kinston, LLC (“UK”), a subsidiary of Unifi, Inc., completed its acquisition of polyester filament manufacturing assets located in Kinston, North Carolina from Invista S.a.r.l. (“INVISTA”). The land for the Kinston site was leased pursuant to a 99-year ground lease (the “Ground Lease”) with E.I. DuPont de Nemours (“DuPont”). Since 1993, DuPont has been investigating and cleaning up the Kinston site under the supervision of the U.S. Environmental Protection Agency and the North Carolina Department of Environmental Quality (“DEQ”) pursuant to the Resource Conservation and Recovery Act Corrective Action program. The program requires DuPont to identify all potential areas of environmental concern (“AOCs”), assess the extent of containment at the identified AOCs and remediate the AOCs to comply with applicable regulatory standards. Effective March 20, 2008, UK entered into a lease termination agreement associated with conveyance of certain assets at the Kinston site to DuPont. This agreement terminated the Ground Lease and relieved UK of any future responsibility for environmental remediation, other than participation with DuPont, if so called upon, with regard to UK’s period of operation of the Kinston site, which was from 2004 to 2008. At this time, UNIFI has no basis to determine if or when it will have any responsibility or obligation with respect to the AOCs or the extent of any potential liability for the same.

UK continues to own property (the “Kentec site”) acquired in the 2004 transaction with INVISTA that has contamination from DuPont’s prior operations and is monitored by DEQ. The Kentec site has been remediated by DuPont, and DuPont has received authority from DEQ to discontinue further remediation, other than natural attenuation. Prior to transfer of responsibility to UK, DuPont and UK had a duty to monitor and report the environmental status of the Kentec site to DEQ.

Effective April 10, 2019, UK assumed sole remediator responsibility of the Kentec site pursuant to its contractual obligations with INVISTA and received $180 of net monitoring and reporting costs due from DuPont. In connection with monitoring, UK expects to sample and report to DEQ annually. UNIFI expects minimal active site remediation may be required, but has no basis to determine any costs that may be associated with active remediation.

Related Party Transactions

3 Months Ended

Sep. 27, 2020

Related Party Transactions

20. Related Party Transactions

There were no related party receivables as of September 27, 2020 or June 28, 2020.

Related party payables for Salem Leasing Corporation consisted of the following:

	September 27, 2020		June 28, 2020
Accounts payable	$	617	$	616
Operating lease obligations		1,395		1,481
Finance lease obligations		6,262		6,509
Total related party payables	$	8,274	$	8,606

Related party transactions in excess of $120 included:

		For the Three Months Ended
Affiliated Entity	Transaction Type	September 27, 2020		September 29, 2019
Salem Leasing Corporation	Transportation equipment costs and finance lease debt service	$	939	$	1,008

Business Segment Information

3 Months Ended

Sep. 27, 2020

Segment Reporting [Abstract]

Business Segment Information

21. Business Segment Information

UNIFI defines operating segments as components of the organization for which discrete financial information is available and operating results are evaluated on a regular basis by UNIFI’s principal executive officer, who is the chief operating decision maker (the “CODM”), in order to assess performance and allocate resources. Characteristics of UNIFI which were relied upon in making the determination of reportable segments include the nature of the products sold, the internal organizational structure, the trade policies in the geographic regions in which UNIFI operates and the information that is regularly reviewed by the CODM for the purpose of assessing performance and allocating resources.

UNIFI’s operating segments are aggregated into four reportable segments (the Polyester Segment, the Asia Segment, the Brazil Segment and the Nylon Segment) based on similarities between the operating segments’ economic characteristics, nature of products sold, type of customer, methods of distribution and regulatory environment.

•

The operations within the Polyester Segment exhibit similar long-term economic characteristics and primarily sell into an economic trading zone covered by the United States-Mexico-Canada Agreement (“USMCA”), North American Free Trade Agreement (“NAFTA”) and Dominican Republic—Central America Free Trade Agreement (“CAFTA-DR”) (collectively, the regions comprising these economic trading zones are referred to as “NACA”) to similar customers utilizing similar methods of distribution. These operations derive revenues primarily from manufacturing polyester-based products with sales primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, automotive, home furnishings, automotive, industrial and other end-use markets. The Polyester Segment consists of sales and manufacturing operations in the U.S. and El Salvador.

•

The operations within the Asia Segment exhibit similar long-term economic characteristics and sell to similar customers utilizing similar methods of distribution primarily in Asia and Europe, which are outside of the NACA region. The Asia Segment primarily sources polyester-based products from third-party suppliers and sells to knitters and weavers that produce fabric for the apparel, automotive, home furnishings, automotive, industrial and other end-use markets principally in Asia. The Asia Segment includes a sales office in China.

•

The Brazil Segment primarily manufactures and sells polyester-based products to knitters and weavers that produce fabric for the apparel, automotive, home furnishings, industrial and other end-use markets principally in South America. The Brazil Segment includes a manufacturing location and sales offices in Brazil.

•

The operations within the Nylon Segment exhibit similar long-term economic characteristics and primarily sell into the NACA region to similar customers utilizing similar methods of distribution. These operations derive revenues primarily from manufacturing nylon-based products with sales to knitters and weavers that produce fabric primarily for the apparel, hosiery and medical markets. The Nylon Segment includes an immaterial operating segment in Colombia that sells similar nylon-based textile products to similar customers in Colombia and Mexico utilizing similar methods of distribution. The Nylon Segment consists of sales and manufacturing operations in the U.S. and Colombia.

In addition to UNIFI’s reportable segments, an All Other category is included in the tables below. All Other consists primarily of for-hire transportation services. For-hire transportation services revenue is derived from performing common carrier services utilizing UNIFI’s fleet of transportation equipment.

The operations within All Other (i) are not subject to review by the CODM at a level consistent with UNIFI’s other operations, (ii) are not regularly evaluated using the same metrics applied to UNIFI’s other operations and (iii) do not qualify for aggregation with an existing reportable segment. Therefore, such operations are excluded from reportable segments.

UNIFI evaluates the operating performance of its segments based upon Segment Profit, which represents segment gross profit (loss) plus segment depreciation expense. This measurement of segment profit or loss best aligns segment reporting with the current assessments and evaluations performed by, and information provided to, the CODM.

The accounting policies for the segments are consistent with UNIFI’s accounting policies. Intersegment sales are omitted from segment disclosures, as they are (i) insignificant to UNIFI’s segments and eliminated from consolidated reporting and (ii) excluded from segment evaluations performed by the CODM.

Selected financial information is presented below:

	For the Three Months Ended September 27, 2020
	Polyester		Asia		Brazil		Nylon		All Other		Total
Net sales	$	69,076	$	37,723	$	22,606	$	11,029	$	1,071	$	141,505
Cost of sales		64,444		33,145		17,993		10,364		998		126,944
Gross profit		4,632		4,578		4,613		665		73		14,561
Segment depreciation expense		4,403		—		430		442		164		5,439
Segment Profit	$	9,035	$	4,578	$	5,043	$	1,107	$	237	$	20,000

	For the Three Months Ended September 29, 2019
	Polyester		Asia		Brazil		Nylon		All Other		Total
Net sales	$	88,695	$	45,957	$	24,172	$	20,202	$	923	$	179,949
Cost of sales		80,900		41,675		20,013		19,024		894		162,506
Gross profit		7,795		4,282		4,159		1,178		29		17,443
Segment depreciation expense		4,041		—		375		491		39		4,946
Segment Profit	$	11,836	$	4,282	$	4,534	$	1,669	$	68	$	22,389

The reconciliations of segment gross profit to consolidated income before income taxes are as follows:

	For the Three Months Ended
	September 27, 2020			September 29, 2019
Polyester	$	4,632		$	7,795
Asia		4,578			4,282
Brazil		4,613			4,159
Nylon		665			1,178
All Other		73			29
Segment gross profit		14,561			17,443
Selling, general and administrative expenses		11,364			10,980
(Benefit) provision for bad debts		(887	)		9
Other operating expense, net		1,178			108
Operating income		2,906			6,346
Interest income		(125	)		(210	)
Interest expense		871			1,257
Equity in (earnings) loss of unconsolidated affiliates		(93	)		866
Income before income taxes	$	2,253		$	4,433

The reconciliations of segment total assets to consolidated total assets are as follows:

	September 27, 2020		June 28, 2020
Polyester	$	263,493	$	263,496
Asia		48,139		41,452
Brazil		52,667		49,967
Nylon		41,222		42,020
Segment total assets		405,521		396,935
Other current assets		58,549		48,600
Other PP&E		23,093		23,676
Other operating lease assets		1,406		1,503
Other non-current assets		3,668		3,448
Total assets	$	492,237	$	474,162

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Supplemental Cash Flow Information

3 Months Ended

Sep. 27, 2020

Additional Cash Flow Elements And Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

22. Supplemental Cash Flow Information

Cash payments for interest and taxes consist of the following:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
Interest, net of capitalized interest of $45 and $31, respectively	$	836	$	1,290
Income tax payments, net		602		1,275

Cash payments for taxes shown above consist primarily of income and withholding tax payments made by UNIFI in both U.S. and foreign jurisdictions, net of refunds.

Non-Cash Investing and Financing Activities

As of September 27, 2020 and June 28, 2020, $800 and $630, respectively, were included in accounts payable for unpaid capital expenditures. As of September 29, 2019 and June 30, 2019, $847 and $1,329, respectively, were included in accounts payable for unpaid capital expenditures.

During the three months ended September 29, 2019, UNIFI recorded non-cash activity relating to finance leases of $878.

Basis of Presentation; Condensed Notes (Policies)	3 Months Ended
Basis of Presentation; Condensed Notes (Policies)	Sep. 27, 2020
Accounting Policies [Abstract]
Fiscal Period	The fiscal quarter for each of Unifi, Inc., its primary domestic operating subsidiaries and its subsidiary in El Salvador ended on September 27, 2020, the Sunday nearest to September 30, 2020. Unifi, Inc.’s remaining material operating subsidiaries’ fiscal quarter ended on September 30, 2020. There were no significant transactions or events that occurred between Unifi, Inc.’s fiscal quarter end and such wholly owned subsidiaries’ subsequent fiscal quarter end. The three-month periods ended September 27, 2020 and September 29, 2019 both consisted of 13 weeks.

Revenue Recognition (Tables)

3 Months Ended

Sep. 27, 2020

Revenue From Contract With Customer [Abstract]

Disaggregated Revenues for UNIFI

The following tables present disaggregated revenues for UNIFI:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
Third-party manufacturer	$	138,841	$	178,020
Service		2,664		1,929
Net sales	$	141,505	$	179,949

	For the Three Months Ended
	September 27, 2020		September 29, 2019
REPREVE^® Fiber	$	49,858	$	56,485
Non-REPREVE^® Fiber		91,647		123,464
Total	$	141,505	$	179,949

Receivables, Net (Tables)

3 Months Ended

Sep. 27, 2020

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Receivables, net consists of the following:

	September 27, 2020			June 28, 2020
Customer receivables	$	68,735		$	53,307
Allowance for uncollectible accounts		(2,890	)		(3,796	)
Reserves for quality claims		(912	)		(928	)
Net customer receivables		64,933			48,583
Other receivables		12,295			5,143
Total receivables, net	$	77,228		$	53,726

Inventories (Tables)

3 Months Ended

Sep. 27, 2020

Inventory Disclosure [Abstract]

Inventories Components

Inventories consists of the following:

	September 27, 2020			June 28, 2020
Raw materials	$	35,821		$	42,758
Supplies		9,190			9,294
Work in process		6,885			6,267
Finished goods		57,754			55,609
Gross inventories		109,650			113,928
Net realizable value adjustment		(4,870	)		(4,224	)
Total inventories	$	104,780		$	109,704

Other Current Assets (Tables)

3 Months Ended

Sep. 27, 2020

Other Assets Current [Abstract]

Schedule of Other Current Assets

Other current assets consists of the following:

	September 27, 2020		June 28, 2020
Vendor deposits	$	5,197	$	2,349
Value-added taxes receivable		2,243		2,604
Prepaid expenses		1,776		1,857
Contract assets		544		4,953
Total other current assets	$	9,760	$	11,763

Property, Plant and Equipment, Net (Tables)

3 Months Ended

Sep. 27, 2020

Property Plant And Equipment [Abstract]

Property, Plant and Equipment Components

Property, plant and equipment (“PP&E”), net consists of the following:

	September 27, 2020			June 28, 2020
Land	$	3,145		$	3,154
Land improvements		16,344			16,344
Buildings and improvements		158,432			158,025
Assets under finance leases		21,260			29,857
Machinery and equipment		607,871			602,867
Computers, software and office equipment		22,730			22,677
Transportation equipment		10,432			7,806
Construction in progress		8,050			7,582
Gross PP&E		848,264			848,312
Less: accumulated depreciation		(643,577	)		(636,221	)
Less: accumulated amortization – finance leases		(4,465	)		(7,845	)
Total PP&E, net	$	200,222		$	204,246

Accrued Expenses (Tables)

3 Months Ended

Sep. 27, 2020

Payables And Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued expenses consists of the following:

	September 27, 2020		June 28, 2020
Payroll and fringe benefits	$	9,239	$	8,036
Deferred revenue		2,005		1,279
Severance		1,359		1,083
Other		4,015		3,291
Total accrued expenses	$	16,618	$	13,689

Long-Term Debt (Tables)

3 Months Ended

Sep. 27, 2020

Debt Disclosure [Abstract]

Long-Term Debt Components

		Weighted Average
	Scheduled	Interest Rate as of	Principal Amounts as of
	Maturity Date	September 27, 2020	September 27, 2020			June 28, 2020
ABL Revolver	December 2023	0.0%	$	—		$	—
ABL Term Loan ⁽¹⁾	December 2023	3.2%		85,000			87,500
Finance lease obligations	(2)	3.6%		10,436			11,381
Total debt				95,436			98,881
Current ABL Term Loan				(10,000	)		(10,000	)
Current portion of finance lease obligations				(3,506	)		(3,563	)
Unamortized debt issuance costs				(651	)		(711	)
Total long-term debt			$	81,279		$	84,607

(1)	Includes the effects of interest rate swaps.

(2)	Scheduled maturity dates for finance lease obligations range from May 2022 to November 2027.

Scheduled Maturities of Outstanding Debt Obligations

The following table presents the scheduled maturities of UNIFI’s outstanding debt obligations for the remainder of fiscal 2021, the following four fiscal years and thereafter:

	Fiscal 2021		Fiscal 2022		Fiscal 2023		Fiscal 2024		Fiscal 2025		Thereafter
ABL Revolver	$	—	$	—	$	—	$	—	$	—	$	—
ABL Term Loan		7,500		10,000		10,000		57,500		—		—
Finance lease obligations		2,617		3,388		1,094		1,132		1,028		1,177
Total	$	10,117	$	13,388	$	11,094	$	58,632	$	1,028	$	1,177

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Other Long-Term Liabilities (Tables)

3 Months Ended

Sep. 27, 2020

Other Liabilities Disclosure [Abstract]

Other Long-Term Liabilities Components

Other long-term liabilities consists of the following:

	September 27, 2020		June 28, 2020
Supplemental post-employment plan	$	2,940	$	3,019
Interest rate swaps		2,219		2,551
Uncertain tax positions		1,177		1,112
Other		2,878		1,924
Total other long-term liabilities	$	9,214	$	8,606

Income Taxes (Tables)

3 Months Ended

Sep. 27, 2020

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes and Effective Tax Rate

The (benefit) provision for income taxes and effective tax rate were as follows:

	For the Three Months Ended
	September 27, 2020			September 29, 2019
(Benefit) provision for income taxes	$	(1,179	)	$	721
Effective tax rate		(52.3	)%		16.3	%

Shareholders' Equity (Tables)

3 Months Ended

Sep. 27, 2020

Stockholders Equity Note [Abstract]

Repurchases and Retirements of Common Stock

The following table summarizes UNIFI’s repurchases and retirements of its common stock under the 2018 SRP for the fiscal periods noted:

	Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs		Average Price Paid per Share		Approximate Dollar Value that May Yet Be Repurchased Under Publicly Announced Plans or Programs
Fiscal 2019		—	$	—
Fiscal 2020		84	$	23.72
Fiscal 2021 (through September 27, 2020)		—	$	—
Total		84	$	23.72	$	48,008

Stock-Based Compensation (Tables)

3 Months Ended

Sep. 27, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Number of Securities Remaining Available for Future Issuance

The following table provides information as of September 27, 2020 with respect to the number of securities remaining available for future issuance under the 2018 Plan:

Authorized under the 2018 Plan	1,250
Plus: Awards expired, forfeited or otherwise terminated unexercised	171
Less: Awards granted to employees	(1,069	)
Less: Awards granted to non-employee directors	(117	)
Available for issuance under the 2018 Plan	235

Summary of Stock-based Compensation Granted or Issued

Stock-based compensation units granted or issued was as follows:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
Stock options		—		15
Restricted stock units		—		28
Vested share units		—		—
Common stock		—		—

Fair Value of Financial Instruments and Non-Financial Assets and Liabilities (Tables)

3 Months Ended

Sep. 27, 2020

Fair Value Disclosures [Abstract]

Schedule of Hedging Activities

The following table presents details regarding UNIFI’s hedging activities:

	For the Three Months Ended
	September 27, 2020			September 29, 2019
Interest expense	$	871		$	1,257
(Increase) decrease in fair value of interest rate swaps		(332	)		328
Impact of interest rate swaps to increase (decrease) interest expense		329			(63	)

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Sep. 27, 2020

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Loss, Net of Tax

The components of and the changes in accumulated other comprehensive (loss) income, net of tax, as applicable, consist of the following:

	Foreign Currency Translation Adjustments			Changes in Interest Rate Swaps			Accumulated Other Comprehensive Loss
Balance at June 28, 2020	$	(61,848	)	$	(1,958	)	$	(63,806	)
Other comprehensive (loss) income		(182	)		254			72
Balance at September 27, 2020	$	(62,030	)	$	(1,704	)	$	(63,734	)

Earnings Per Share (Tables)

3 Months Ended

Sep. 27, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings (Loss) Per Share

The components of the calculation of earnings per share (“EPS”) are as follows:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
Net income	$	3,432	$	3,712
Basic weighted average shares		18,447		18,481
Net potential common share equivalents		251		245
Diluted weighted average shares		18,698		18,726
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		546		340
Excluded from the calculation of diluted shares:
Unvested stock options that vest upon achievement of certain market conditions		333		—

Investments in Unconsolidated Affiliates and Variable Interest Entities (Tables)

3 Months Ended

Sep. 27, 2020

Schedule Of Equity Method Investments [Line Items]

Schedule of Raw Material Purchases under Supply Agreement

UNIFI’s raw material purchases under this supply agreement consisted of the following:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
UNFA		3,527		4,448
UNF		—		495
Total	$	3,527	$	4,943

Schedule of Unaudited, Condensed Balance Sheet Information for Unconsolidated Affiliates

Condensed balance sheet and income statement information for UNIFI’s unconsolidated affiliates (including reciprocal balances) are presented in the tables below.

	As of September 27, 2020						As of June 28, 2020
	PAL		UNFs		Total		PAL		UNFs		Total
Current assets	$	—	$	5,871	$	5,871	$	—	$	5,190	$	5,190
Non-current assets		—		774		774		—		561		561
Current liabilities		—		2,254		2,254		—		1,415		1,415
Non-current liabilities		—		—		—		—		—		—
Shareholders’ equity and capital accounts		—		4,391		4,391		—		4,336		4,336

UNIFI’s portion of undistributed earnings		—		1,560		1,560		—		1,424		1,424

Income Statement Information [Member]

Schedule Of Equity Method Investments [Line Items]

Schedule of Unaudited, Condensed Income Statement Information for Unconsolidated Affiliates

	For the Three Months Ended September 27, 2020						For the Three Months Ended September 29, 2019
	PAL		UNFs		Total		PAL			UNFs		Total
Net sales	$	—	$	3,213	$	3,213	$	199,167		$	4,661	$	203,828
Gross profit		—		441		441		1,071			541		1,612
Income from operations		—		46		46		(3,275	)		112		(3,163	)
Net income		—		49		49		(3,455	)		124		(3,331	)
Depreciation and amortization		—		36		36		10,631			47		10,678

Cash received by PAL under cotton rebate program		—		—		—		3,693			—		3,693
Earnings recognized by PAL for cotton rebate program		—		—		—		3,588			—		3,588

Distributions received		—		—		—		10,437			—		10,437

Related Party Transactions (Tables)

3 Months Ended

Sep. 27, 2020

Related Party Payables

Related party payables for Salem Leasing Corporation consisted of the following:

	September 27, 2020		June 28, 2020
Accounts payable	$	617	$	616
Operating lease obligations		1,395		1,481
Finance lease obligations		6,262		6,509
Total related party payables	$	8,274	$	8,606

Schedule of Related Party Transactions

Related party transactions in excess of $120 included:

		For the Three Months Ended
Affiliated Entity	Transaction Type	September 27, 2020		September 29, 2019
Salem Leasing Corporation	Transportation equipment costs and finance lease debt service	$	939	$	1,008

Business Segment Information (Tables)

3 Months Ended

Sep. 27, 2020

Segment Reporting [Abstract]

Selected Financial Information for Polyester, Nylon, International and Other Segments

Selected financial information is presented below:

	For the Three Months Ended September 27, 2020
	Polyester		Asia		Brazil		Nylon		All Other		Total
Net sales	$	69,076	$	37,723	$	22,606	$	11,029	$	1,071	$	141,505
Cost of sales		64,444		33,145		17,993		10,364		998		126,944
Gross profit		4,632		4,578		4,613		665		73		14,561
Segment depreciation expense		4,403		—		430		442		164		5,439
Segment Profit	$	9,035	$	4,578	$	5,043	$	1,107	$	237	$	20,000

	For the Three Months Ended September 29, 2019
	Polyester		Asia		Brazil		Nylon		All Other		Total
Net sales	$	88,695	$	45,957	$	24,172	$	20,202	$	923	$	179,949
Cost of sales		80,900		41,675		20,013		19,024		894		162,506
Gross profit		7,795		4,282		4,159		1,178		29		17,443
Segment depreciation expense		4,041		—		375		491		39		4,946
Segment Profit	$	11,836	$	4,282	$	4,534	$	1,669	$	68	$	22,389

Reconciliations of Segment Gross Profit to Consolidated Income Before Income Taxes

The reconciliations of segment gross profit to consolidated income before income taxes are as follows:

	For the Three Months Ended
	September 27, 2020			September 29, 2019
Polyester	$	4,632		$	7,795
Asia		4,578			4,282
Brazil		4,613			4,159
Nylon		665			1,178
All Other		73			29
Segment gross profit		14,561			17,443
Selling, general and administrative expenses		11,364			10,980
(Benefit) provision for bad debts		(887	)		9
Other operating expense, net		1,178			108
Operating income		2,906			6,346
Interest income		(125	)		(210	)
Interest expense		871			1,257
Equity in (earnings) loss of unconsolidated affiliates		(93	)		866
Income before income taxes	$	2,253		$	4,433

Reconciliation of Segment Total Assets to Consolidated Total Assets

The reconciliations of segment total assets to consolidated total assets are as follows:

	September 27, 2020		June 28, 2020
Polyester	$	263,493	$	263,496
Asia		48,139		41,452
Brazil		52,667		49,967
Nylon		41,222		42,020
Segment total assets		405,521		396,935
Other current assets		58,549		48,600
Other PP&E		23,093		23,676
Other operating lease assets		1,406		1,503
Other non-current assets		3,668		3,448
Total assets	$	492,237	$	474,162

Supplemental Cash Flow Information (Tables)

3 Months Ended

Sep. 27, 2020

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Payments for Interest and Taxes

Cash payments for interest and taxes consist of the following:

	For the Three Months Ended
	September 27, 2020		September 29, 2019
Interest, net of capitalized interest of $45 and $31, respectively	$	836	$	1,290
Income tax payments, net		602		1,275

Background - Additional Information (Details)	Sep. 27, 2020 Entity
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of countries in which entity operates	4

Revenue Recognition - Disaggregated Revenues for UNIFI (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Disaggregation Of Revenue [Line Items]
Net sales	$ 141,505	$ 179,949
Third-Party Manufacturer [Member]
Disaggregation Of Revenue [Line Items]
Net sales	138,841	178,020
Service [Member]
Disaggregation Of Revenue [Line Items]
Net sales	2,664	1,929
REPREVE Fiber [Member]
Disaggregation Of Revenue [Line Items]
Net sales	49,858	56,485
Non-REPREVE Fiber [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 91,647	$ 123,464

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Receivables, Net - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Receivables [Abstract]
Customer receivables	$ 68,735	$ 53,307
Allowance for uncollectible accounts	(2,890)	(3,796)
Reserves for quality claims	(912)	(928)
Net customer receivables	64,933	48,583
Other receivables	12,295	5,143
Total receivables, net	$ 77,228	$ 53,726

Receivables, Net - Additional Information (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Accounts Notes And Loans Receivable [Line Items]
Other receivables	$ 12,295	$ 5,143
Asia [Member] \| Banker’s Acceptance Notes [Member]
Accounts Notes And Loans Receivable [Line Items]
Other receivables		$ 1,596

Inventories - Inventories Components (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 35,821	$ 42,758
Supplies	9,190	9,294
Work in process	6,885	6,267
Finished goods	57,754	55,609
Gross inventories	109,650	113,928
Net realizable value adjustment	(4,870)	(4,224)
Total inventories	$ 104,780	$ 109,704

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Other Assets Current [Abstract]
Vendor deposits	$ 5,197	$ 2,349
Value-added taxes receivable	2,243	2,604
Prepaid expenses	1,776	1,857
Contract assets	544	4,953
Total other current assets	$ 9,760	$ 11,763

Property, Plant and Equipment, Net - Property, Plant and Equipment Components (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Property Plant And Equipment [Line Items]
Gross PP&E	$ 848,264	$ 848,312
Less: accumulated depreciation	(643,577)	(636,221)
Less: accumulated amortization – finance leases	(4,465)	(7,845)
Total PP&E, net	200,222	204,246
Land [Member]
Property Plant And Equipment [Line Items]
Gross PP&E	3,145	3,154
Land Improvements [Member]
Property Plant And Equipment [Line Items]
Gross PP&E	16,344	16,344
Buildings and Improvements [Member]
Property Plant And Equipment [Line Items]
Gross PP&E	158,432	158,025
Assets under Finance Leases [Member]
Property Plant And Equipment [Line Items]
Gross PP&E	21,260	29,857
Machinery and Equipment [Member]
Property Plant And Equipment [Line Items]
Gross PP&E	607,871	602,867
Computers, Software and Office Equipment [Member]
Property Plant And Equipment [Line Items]
Gross PP&E	22,730	22,677
Transportation Equipment [Member]
Property Plant And Equipment [Line Items]
Gross PP&E	10,432	7,806
Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Gross PP&E	$ 8,050	$ 7,582

Accrued Expenses - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Payables And Accruals [Abstract]
Payroll and fringe benefits	$ 9,239	$ 8,036
Deferred revenue	2,005	1,279
Severance	1,359	1,083
Other	4,015	3,291
Total accrued expenses	$ 16,618	$ 13,689

Long-Term Debt - Long-Term Debt Components (Details) - USD ($)
$ in Thousands

3 Months Ended

Sep. 27, 2020

Jun. 28, 2020

Debt Instrument [Line Items]

Finance lease obligations

$ 10,436

$ 11,381

Total debt

95,436

98,881

Current portion of finance lease obligations

(3,506)

(3,563)

Unamortized debt issuance costs

(651)

(711)

Total long-term debt

$ 81,279

84,607

Finance Lease Obligations [Member]

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Effective Percentage

3.60%

ABL Revolver [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

2023-12

Debt Instrument, Interest Rate, Effective Percentage

0.00%

ABL Term Loan [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

^[1]

2023-12

Weighted average interest rate

^[1]

3.20%

Outstanding balances of term loan

^[1]

$ 85,000

87,500

Current ABL Term Loan

$ (10,000)

[1]	Includes the effects of interest rate swaps.

Long-Term Debt - Long-Term Debt Components (Details) (Parenthetical)	3 Months Ended
	Sep. 27, 2020
Debt Disclosure [Abstract]
Finance lease obligations, scheduled maturity start date	2022-05
Finance lease obligations, scheduled maturity end date	2027-11

Long-Term Debt - Additional Information (Details)		3 Months Ended	12 Months Ended
Long-Term Debt - Additional Information (Details)	Dec. 18, 2018 USD ($)	Sep. 27, 2020 USD ($) Swap	Jun. 28, 2020
Debt Instrument [Line Items]
Number of interest rate swaps \| Swap		3
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Derivative, notional amount		$ 75,000,000
Interest rate swaps termination period		2022-05
LIBOR [Member] \| Interest Rate Swap [Member]
Debt Instrument [Line Items]
Derivative, average fixed interest rate		1.90%
ABL Facility [Member] \| Credit Agreement [Member]
Debt Instrument [Line Items]
Debt agreement maximum borrowing capacity	$ 200,000,000
Principal amount of term loan	$ 100,000,000
Debt instrument maturity date	Dec. 18, 2023
ABL Facility [Member] \| Credit Agreement [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 100,000,000
ABL Revolver [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1.50%
ABL Revolver [Member] \| Maximum [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.75%
ABL Revolver [Member] \| Maximum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.75%
ABL Revolver [Member] \| Minimum [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.25%
ABL Revolver [Member] \| Minimum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.25%

Long-Term Debt - Scheduled Maturities of Outstanding Debt Obligations (Details) $ in Thousands	Sep. 27, 2020 USD ($)
Debt Instrument Redemption [Line Items]
Fiscal 2021	$ 10,117
Fiscal 2022	13,388
Fiscal 2023	11,094
Fiscal 2024	58,632
Fiscal 2025	1,028
Thereafter	1,177
Finance Lease Obligations [Member]
Debt Instrument Redemption [Line Items]
Fiscal 2021	2,617
Fiscal 2022	3,388
Fiscal 2023	1,094
Fiscal 2024	1,132
Fiscal 2025	1,028
Thereafter	1,177
ABL Term Loan [Member]
Debt Instrument Redemption [Line Items]
Fiscal 2021	7,500
Fiscal 2022	10,000
Fiscal 2023	10,000
Fiscal 2024	$ 57,500

Other Long-Term Liabilities - Other Long-Term Liabilities Components (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Other Liabilities Disclosure [Abstract]
Supplemental post-employment plan	$ 2,940	$ 3,019
Interest rate swaps	2,219	2,551
Uncertain tax positions	1,177	1,112
Other	2,878	1,924
Total other long-term liabilities	$ 9,214	$ 8,606

Income Taxes - Schedule of Provision for Income Taxes and Effective Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Income Tax Disclosure [Abstract]
(Benefit) provision for income taxes	$ (1,179)	$ 721
Effective tax rate	(52.30%)	16.30%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Additional Information (Details) $ in Thousands	3 Months Ended
	Sep. 27, 2020 USD ($)
Income Tax Disclosure [Abstract]
Discrete tax benefit	$ 4,789
Discrete tax expense	$ 2,127

Shareholders' Equity - Additional Information (Details)	Oct. 31, 2018 USD ($)
2018 Share Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Share Repurchase Program, Authorized Amount	$ 50,000,000

Shareholders' Equity - Repurchases and Retirements of Common Stock (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 27, 2020 USD ($) $ / shares shares
Stockholders Equity [Line Items]
Common stock repurchased and retired under publicly announced program (in shares) \| shares	84
Average Price Paid per Share \| $ / shares	$ 23.72
Approximate Dollar Value that May Yet Be Repurchased Under Publicly Announced Plans or Programs \| $	$ 48,008
Fiscal 2020 [Member]
Stockholders Equity [Line Items]
Common stock repurchased and retired under publicly announced program (in shares) \| shares	84
Average Price Paid per Share \| $ / shares	$ 23.72

Stock-Based Compensation - Additional Information (Details) - shares shares in Thousands	3 Months Ended
	Sep. 27, 2020	Oct. 29, 2020	Oct. 24, 2018
The 2013 Incentive Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expiration date	Oct. 24, 2018
The Amended and Restated 2013 Incentive Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for future issuance			1,250
Two Thousand Twenty Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expiration date	Oct. 29, 2020
Number of shares available for future issuance		850

Stock-Based Compensation - Summary of Number of Securities Remaining Available for Future Issuance (Details) - 2018 Plan [Member]	3 Months Ended
	Sep. 27, 2020 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized under the 2018 Plan	1,250,000
Available for issuance under the 2018 Plan	235,000
Awards Expired, Forfeited or Otherwise Terminated Unexercised [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Plus: Awards expired, forfeited or otherwise terminated unexercised	171,000
Awards Granted to Employees [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Less: Awards granted to employees	(1,069,000)
Awards Granted to Non-Employee Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Less: Awards granted to non-employee directors	(117,000)

Stock-Based Compensation - Summary of Stock-based Compensation Granted or Issued (Details) shares in Thousands	3 Months Ended
	Sep. 29, 2019 shares
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted/Vested stock units	28
Common Stock [Member] \| Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options	15

Fair Value of Financial Instruments and Non-Financial Assets and Liabilities - Additional Information (Details)	3 Months Ended
	Sep. 27, 2020 USD ($) Swap	Sep. 29, 2019 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of interest rate swaps \| Swap	3
Fair value assets and liabilities amount transfers into or out of the levels	$ 0	$ 0
Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative, notional amount	$ 75,000,000
Interest Rate Swap [Member] \| LIBOR [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative, average fixed interest rate	1.90%

Fair Value of Financial Instruments and Non-Financial Assets and Liabilities - Schedule of Hedging Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Fair Value Disclosures [Abstract]
Interest expense	$ 871	$ 1,257
(Increase) decrease in fair value of interest rate swaps	(332)	328
Impact of interest rate swaps to increase (decrease) interest expense	$ 329	$ (63)

Accumulated Other Comprehensive Loss - Schedule of Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	$ (63,806)
Other comprehensive (loss) income	72	$ (6,656)
Ending balance	(63,734)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(61,848)
Other comprehensive (loss) income	(182)
Ending balance	(62,030)
Changes in Interest Rate Swaps [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(1,958)
Other comprehensive (loss) income	254
Ending balance	$ (1,704)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

Earnings Per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Earnings Per Share [Abstract]
Net income	$ 3,432	$ 3,712
Basic weighted average shares	18,447	18,481
Net potential common share equivalents	251	245
Diluted weighted average shares	18,698	18,726
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents (in shares)	546	340
Unvested stock options that vest upon achievement of certain market conditions (in shares)	333

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Investments in Unconsolidated Affiliates and Variable Interest Entities - Additional Information (Details) $ in Thousands	3 Months Ended
	Sep. 27, 2020 USD ($) Entity	Jun. 28, 2020 USD ($)	Apr. 29, 2020
Schedule Of Equity Method Investments [Line Items]
Unconsolidated Entities, Number \| Entity	2
UNF and UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 2,195
Purchase commitment, remaining minimum amount committed	1,100
Accounts payable, related parties	$ 2,561	$ 1,166
Percentage of current and total assets and total liabilities accounted for by equity method investments	3.00%
Parkdale America LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			34.00%

Investments in Unconsolidated Affiliates and Variable Interest Entities - Schedule of Raw Material Purchases under Supply Agreement (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Raw material purchases under supply agreement	$ 3,527	$ 4,448
UNF [Member]
Schedule Of Equity Method Investments [Line Items]
Raw material purchases under supply agreement		495
UNF and UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Raw material purchases under supply agreement	$ 3,527	$ 4,943

Investments in Unconsolidated Affiliates and Variable Interest Entities - Schedule of Unaudited, Condensed Balance Sheet Information for Unconsolidated Affiliates (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020	Sep. 29, 2019	Jun. 30, 2019
Schedule Of Equity Method Investments [Line Items]
Current assets	$ 277,250	$ 254,493
Current liabilities	74,301	54,994
Shareholders’ equity and capital accounts	320,077	316,155	$ 390,007	$ 392,845
Investments in Unconsolidated Affiliates and Variable Interest Entities [Member]
Schedule Of Equity Method Investments [Line Items]
Current assets	5,871	5,190
Non-current assets	774	561
Current liabilities	2,254	1,415
Shareholders’ equity and capital accounts	4,391	4,336
UNIFI’s portion of undistributed earnings	1,560	1,424
Investments in Unconsolidated Affiliates and Variable Interest Entities [Member] \| UNF and UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Current assets	5,871	5,190
Non-current assets	774	561
Current liabilities	2,254	1,415
Shareholders’ equity and capital accounts	4,391	4,336
UNIFI’s portion of undistributed earnings	$ 1,560	$ 1,424

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References + Details

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.

+ References

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+ Details

- Definition

Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

+ References + Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Investments in Unconsolidated Affiliates and Variable Interest Entities - Schedule of Unaudited, Condensed Income Statement Information for Unconsolidated Affiliates (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Schedule Of Equity Method Investments [Line Items]
Gross profit	$ 14,561	$ 17,443
Net income	3,432	3,712
Distributions received		10,437
Investments in Unconsolidated Affiliates and Variable Interest Entities [Member]
Schedule Of Equity Method Investments [Line Items]
Net sales	3,213	203,828
Gross profit	441	1,612
Income from operations	46	(3,163)
Net income	49	(3,331)
Depreciation and amortization	36	10,678
Cash received by PAL under cotton rebate program		3,693
Earnings recognized by PAL for cotton rebate program		3,588
Distributions received		10,437
Investments in Unconsolidated Affiliates and Variable Interest Entities [Member] \| Parkdale America LLC [Member]
Schedule Of Equity Method Investments [Line Items]
Net sales		199,167
Gross profit		1,071
Income from operations		(3,275)
Net income		(3,455)
Depreciation and amortization		10,631
Cash received by PAL under cotton rebate program		3,693
Earnings recognized by PAL for cotton rebate program		3,588
Distributions received		10,437
Investments in Unconsolidated Affiliates and Variable Interest Entities [Member] \| UNF and UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Net sales	3,213	4,661
Gross profit	441	541
Income from operations	46	112
Net income	49	124
Depreciation and amortization	$ 36	$ 47

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	Apr. 10, 2019	Sep. 30, 2004
Commitments And Contingencies Disclosure [Abstract]
The term of a former ground lease		99 years
Net monitoring and reporting costs received	$ 180

Related Party Transactions - Additional Information (Details) - USD ($)	3 Months Ended
	Sep. 27, 2020	Jun. 28, 2020
Related Party Transaction [Line Items]
Related party receivables	$ 0	$ 0
Director [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Threshold for Individual Disclosure	$ 120,000

Related Party Transactions - Related Party Receivables and Payables (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Related Party Transaction [Line Items]
Finance lease obligations	$ 10,436	$ 11,381
Salem Leasing Corporation
Related Party Transaction [Line Items]
Accounts payable, related parties	617	616
Operating lease obligations	1,395	1,481
Finance lease obligations	6,262	6,509
Total related party payables	$ 8,274	$ 8,606

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Salem Leasing Corporation
Related Party Transaction [Line Items]
Expenses with related party	$ 939	$ 1,008

Business Segment Information - Additional Information (Details)	3 Months Ended
	Sep. 27, 2020 Segment
Segment Reporting [Abstract]
Number of Reportable Segments	4

Business Segment Information - Selected Financial Information for Polyester, Nylon, International and Other Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Segment Reporting Information [Line Items]
Net sales	$ 141,505	$ 179,949
Cost of sales	126,944	162,506
Gross profit	14,561	17,443
Segment depreciation expense	5,439	4,946
Segment Profit	20,000	22,389
Polyester [Member]
Segment Reporting Information [Line Items]
Net sales	69,076	88,695
Cost of sales	64,444	80,900
Gross profit	4,632	7,795
Segment depreciation expense	4,403	4,041
Segment Profit	9,035	11,836
Asia [Member]
Segment Reporting Information [Line Items]
Net sales	37,723	45,957
Cost of sales	33,145	41,675
Gross profit	4,578	4,282
Segment Profit	4,578	4,282
Brazil [Member]
Segment Reporting Information [Line Items]
Net sales	22,606	24,172
Cost of sales	17,993	20,013
Gross profit	4,613	4,159
Segment depreciation expense	430	375
Segment Profit	5,043	4,534
Nylon [Member]
Segment Reporting Information [Line Items]
Net sales	11,029	20,202
Cost of sales	10,364	19,024
Gross profit	665	1,178
Segment depreciation expense	442	491
Segment Profit	1,107	1,669
Other Segments [Member]
Segment Reporting Information [Line Items]
Net sales	1,071	923
Cost of sales	998	894
Gross profit	73	29
Segment depreciation expense	164	39
Segment Profit	$ 237	$ 68

Business Segment Information - Reconciliations of Segment Gross Profit to Consolidated Income Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit	$ 14,561	$ 17,443
Selling, general and administrative expenses	11,364	10,980
(Benefit) provision for bad debts	(887)	9
Other operating expense, net	1,178	108
Operating income	2,906	6,346
Interest income	(125)	(210)
Interest expense	871	1,257
Equity in (earnings) loss of unconsolidated affiliates	(93)	866
Income before income taxes	2,253	4,433
Polyester [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit	4,632	7,795
Nylon [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit	665	1,178
Brazil [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit	4,613	4,159
Asia [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit	4,578	4,282
Other Segments [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit	$ 73	$ 29

Business Segment Information - Reconciliation of Segment Total Assets to Consolidated Total Assets (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	$ 492,237	$ 474,162
Other current assets	9,760	11,763
Other operating lease assets	1,406	1,503
Other non-current assets	3,950	4,131
Operating Segments [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	405,521	396,935
Operating Segments [Member] \| Polyester [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	263,493	263,496
Operating Segments [Member] \| Nylon [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	41,222	42,020
Operating Segments [Member] \| Brazil [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	52,667	49,967
Operating Segments [Member] \| Asia [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	48,139	41,452
Corporate, Non-Segment [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Other current assets	58,549	48,600
Other PP&E	23,093	23,676
Other non-current assets	$ 3,668	$ 3,448

Supplemental Cash Flow Information - Schedule of Cash Payments for Interest and Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Supplemental Cash Flow Elements [Abstract]
Interest, net of capitalized interest of $45 and $31, respectively	$ 836	$ 1,290
Income tax payments, net	$ 602	$ 1,275

Supplemental Cash Flow Information - Schedule of Cash Payments for Interest and Taxes (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Supplemental Cash Flow Elements [Abstract]
Interest capitalized	$ 45	$ 31

Supplemental Cash Flow Information - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Jun. 28, 2020	Jun. 30, 2019
Supplemental Cash Flow Information [Abstract]
Capital expenditures incurred but not yet paid	$ 800	$ 847	$ 630	$ 1,329
Non cash activity relating to finance leases		$ 878