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Revenue
3 Months Ended
Oct. 01, 2023
Revenue from Contract with Customer [Abstract]  
Revenue

4. Revenue

The following tables present net sales disaggregated by (i) classification of customer type and (ii) REPREVE® Fiber sales:

Third-Party Manufacturer

 

 

 

For the Three Months Ended

 

 

 

October 1, 2023

 

 

October 2, 2022

 

Third-party manufacturer

 

$

137,620

 

 

$

178,212

 

Service

 

 

1,224

 

 

 

1,307

 

Net sales

 

$

138,844

 

 

$

179,519

 

 

 

 

For the Three Months Ended

 

 

 

October 1, 2023

 

 

October 2, 2022

 

REPREVE® Fiber

 

$

42,461

 

 

$

49,179

 

All other products and services

 

 

96,383

 

 

 

130,340

 

Net sales

 

$

138,844

 

 

$

179,519

 

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.

REPREVE® Fiber

REPREVE® Fiber represents UNIFI's collection of fiber products on our recycled platform, with or without added technologies.

Variable Consideration

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. Variable consideration has been immaterial to UNIFI’s financial statements for all periods presented.