Note 19 - Computation of Earnings Per Share

6 Months Ended

Dec. 25, 2011

Earnings Per Share [Text Block]

19. Computation of Earnings Per Share

The computation of basic and diluted earnings per share (“EPS”) was as follows:

	For the Three Months Ended					For the Six Months Ended
	December 25, 2011			December 26, 2010		December 25, 2011			December 26, 2010
Basic EPS:
Net (loss) income attributable to Unifi, Inc.	$	(7,608	)	$	5,385	$	(7,322	)	$	15,620
Weighted average common shares outstanding		20,088			20,059		20,087			20,058
Basic EPS	$	(0.38	)	$	0.27	$	(0.36	)	$	0.78
Diluted EPS:
Net (loss) income attributable to Unifi, Inc.	$	(7,608	)	$	5,385	$	(7,322	)	$	15,620
Weighted average common shares outstanding		20,088			20,059		20,087			20,058
Net potential common share equivalents – stock options and RSU’s		—			407		—			368
Weighted average common shares outstanding		20,088			20,466		20,087			20,426
Diluted EPS	$	(0.38	)	$	0.26	$	(0.36	)	$	0.76
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		1,251			221		1,251			221
Excluded from the calculation of diluted shares:
Unvested options that vest upon achievement of certain market conditions		567			583		567			583

The calculation of earnings per common share is based on the weighted average number of the Company’s common shares outstanding for the applicable period.  The calculation of diluted earnings per common share 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.