Note 19 - Computation of Earnings Per Share

12 Months Ended

Jun. 24, 2012

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 Fiscal Years Ended
	June 24, 2012			June 26, 2011			June 27, 2010
Basic EPS
Net income attributable to Unifi, Inc.		$	11,491		$	25,089		$	10,685
Weighted average common shares outstanding			20,088			20,065			20,325
Basic EPS		$	0.57		$	1.25		$	0.53
Diluted EPS
Net income attributable to Unifi, Inc.		$	11,491		$	25,089		$	10,685
Weighted average common shares outstanding			20,088			20,065			20,325
Net potential common share equivalents – stock options and RSUs			306			420			147
Adjusted weighted average common shares outstanding			20,394			20,485			20,472
Diluted EPS		$	0.56		$	1.22		$	0.52
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents			184			221			284
Excluded from the calculation of diluted shares:
Unvested options that vest upon achievement of certain market conditions			567			577			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.  Common share equivalents where the exercise price is above the average market price are excluded in the calculation of diluted earnings per common share.