Stock-Based Compensation (Tables)

12 Months Ended

Jul. 02, 2023

Summary of Number of Securities Remaining Available for Future Issuance

The following table provides information as of July 2, 2023 with respect to the number of securities remaining available for future issuance under the 2020 Plan:

Authorized under the 2020 Plan	850
Plus: Awards expired, forfeited or otherwise terminated unexercised	4
Less: Awards granted to employees	(544	)
Less: Awards granted to non-employee directors	(114	)
Available for issuance under the 2020 Plan	196

Stock Option Valuation Assumptions

The Black-Scholes model used the following weighted average assumptions for the above awards:

	Fiscal 2023		Fiscal 2022		Fiscal 2021
Expected term (years)		—		—		5.5
Risk-free interest rate		—		—		0.4	%
Volatility		—		—		49.0	%
Dividend yield		—		—		—

Summary of Stock Option Activity

A summary of stock option activity for fiscal 2023 is as follows:

	Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at July 3, 2022		982		$	15.81
Granted		—		$	—
Exercised		(6	)	$	11.08
Cancelled or forfeited		(30	)	$	25.86
Expired		(5	)	$	11.09
Outstanding at July 2, 2023		941		$	15.55		6.4	$	—
Vested and expected to vest as of July 2, 2023		941		$	15.55		6.4	$	—
Exercisable at July 2, 2023		535		$	17.92		5.9	$	—

Summary of RSU, VSU and PSU Activity

A summary of RSU, VSU and PSU activity for fiscal 2023 is as follows:

	Non-vested			Weighted Average Grant Date Fair Value		Vested			Total			Weighted Average Grant Date Fair Value
Outstanding at July 3, 2022		234		$	20.38		245			479		$	21.80
Granted		396		$	8.67		—			396		$	8.67
Vested		(145	)	$	14.69		145			—		$	—
Converted		—		$	—		(90	)		(90	)	$	19.31
Cancelled or forfeited		(5	)	$	21.22		—			(5	)	$	21.22
Outstanding at July 2, 2023		480		$	12.42		300			780		$	15.42

Stock Based Compensation Total Cost Charged Against Income

The total cost related to all stock-based compensation was as follows:

	Fiscal 2023		Fiscal 2022		Fiscal 2021
Stock options	$	575	$	928	$	1,047
RSUs and VSUs		2,120		2,253		2,015
ESPP		11		—		—
Total compensation cost	$	2,706	$	3,181	$	3,062

Black Scholes Model

Stock Option Valuation Assumptions

A summary of UNIFI’s stock options granted to key employees and valued under the Black-Scholes model is as follows:

	Fiscal 2023		Fiscal 2022		Fiscal 2021
Quantity		—		—		155
Service period (years)		—		—		3.0
Weighted average exercise price	$	—	$	—	$	15.64
Weighted average grant date fair value	$	—	$	—	$	6.75