Earnings Per Share

6 Months Ended

Jan. 01, 2023

Earnings Per Share [Abstract]

Earnings Per Share

11. Earnings Per Share

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

	For the Three Months Ended					For the Six Months Ended
	January 1, 2023			December 26, 2021		January 1, 2023			December 26, 2021
Net (loss) income	$	(18,037	)	$	929	$	(25,871	)	$	9,609
Basic weighted average shares		18,034			18,511		18,017			18,513
Net potential common share equivalents		—			493		—			486
Diluted weighted average shares		18,034			19,004		18,017			18,999
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		739			324		703			324
Excluded from the calculation of diluted shares:
Unvested stock options that vest upon achievement of certain market conditions		333			333		333			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.