XML 20 R8.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jun. 27, 2021
Statement of Cash Flows [Abstract]      
Cash and cash equivalents at beginning of year $ 53,290 $ 78,253 $ 75,267
Operating activities:      
Net (loss) income (46,344) 15,171 29,073
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Equity in earnings of unconsolidated affiliates (896) (605) (739)
Distributions received from unconsolidated affiliates   750 750
Depreciation and amortization expense 27,186 26,207 25,528
Non-cash compensation expense 2,805 3,555 3,462
Deferred income taxes (2,788) (3,119) 5,087
Loss on disposal of assets 278 48 2,809
Impairment for asset abandonment [1] 8,247    
Recovery of taxes, net (3,799) 815 (9,717)
Other, net 48 (99) (495)
Changes in assets and liabilities:      
Receivables, net 23,138 (13,533) (40,059)
Inventories 24,431 (34,749) (28,069)
Other current assets 8,002 (2,860) 2,409
Income taxes (751) 2,193 2,978
Accounts payable and other current liabilities (35,701) 8,937 40,909
Other non-current assets (471) 360 139
Other non-current liabilities 1,355 (2,691) 2,616
Net cash provided by operating activities 4,740 380 36,681
Investing activities:      
Capital expenditures (36,434) (39,631) (21,178)
Purchases of intangible assets     (3,605)
Other, net 209 (2,103) 162
Net cash used by investing activities (36,225) (41,734) (24,621)
Financing activities:      
Proceeds from ABL Revolver 194,700 158,000  
Payments on ABL Revolver (165,400) (116,700)  
Payments on ABL Term Loan (7,100) (12,500) (10,000)
Proceeds from construction financing 6,533 2,340 882
Payments on finance lease obligations (2,123) (3,707) (3,646)
Common stock repurchased and retired under publicly announced program   (9,151)  
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions (69) (345) (111)
Other (603) 28  
Net cash provided (used) by financing activities 25,938 17,965 (12,875)
Effect of exchange rate changes on cash and cash equivalents (783) (1,574) 3,801
Net (decrease) increase in cash and cash equivalents (6,330) (24,963) 2,986
Cash and cash equivalents at end of year $ 46,960 $ 53,290 $ 78,253
[1] In fiscal 2023, UNIFI abandoned certain specialized machinery in the Americas and recorded an impairment charge.