Earnings Per Share

9 Months Ended

Apr. 02, 2023

11. Earnings Per Share

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


	For the Three Months Ended					For the Nine Months Ended
	April 2, 2023			March 27, 2022		April 2, 2023			March 27, 2022
Net (loss) income	$	(5,184	)	$	2,066	$	(31,055	)	$	11,675
Basic weighted average shares		18,052			18,473		18,029			18,500
Net potential common share equivalents		—			469		—			474
Diluted weighted average shares		18,052			18,942		18,029			18,974
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		—			443		—			330
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.