Note 29 - Quarterly Results (Unaudited)

12 Months Ended

Jun. 24, 2012

Quarterly Financial Information [Text Block]

29. Quarterly Results (Unaudited)

Quarterly financial data is as follows:

	For the Quarters Ended
	September 25, 2011		December 25, 2011			March 25, 2012			June 24, 2012
Net sales	$	171,013	$	167,110		$	179,037		$	187,926
Gross profit		11,830		10,882			13,590			18,094
Net income (loss) including non-controlling interest		286		(7,817	)		7,310			11,049
Less: net (loss) attributable to non-controlling interest		-		(209	)		(225	)		(229	)
Net income (loss) attributable to Unifi, Inc.	$	286	$	(7,608	)	$	7,535		$	11,278
Net income (loss) attributable to Unifi, Inc. per common share:
Basic (1)	$	0.01	$	(0.38	)	$	0.38		$	0.56
Diluted (1)	$	0.01	$	(0.38	)	$	0.37		$	0.55

Selected highlights for the Company’s quarterly results are as follows:

· For the quarter ended December 25, 2011, the Company acquired an additional 20% membership interest in Renewables.  As a result of remeasuring its existing interest to fair value, the Company recorded a $3,656 write-down for its previously held equity interest in Renewables,

· For the quarter ended June 24, 2012 net income was negatively impacted by a $2,741 charge related to the early extinguishment of debt incurred as a result of the Company’s May 2012 debt refinancing and subsequent prepayments, and

· For the quarter ended June 24, 2012, the Company released previously recorded valuation allowances against certain of its domestic deferred tax assets resulting in a $6,017 benefit recorded to income tax expense.

	For the Quarters Ended
	September 26, 2010		December 26, 2010		March 27, 2011			June 26, 2011
Net sales	$	175,092	$	162,139	$	179,390		$	196,191
Gross profit		21,546		19,490		15,601			18,015
Net income (loss)		10,235		5,385		(4,045	)		13,514
Net income (loss) per common share:
Basic (1)	$	0.51	$	0.27	$	(0.20	)	$	0.67
Diluted (1)	$	0.50	$	0.26	$	(0.20	)	$	0.66

(1) Income per share is computed independently for each of the periods presented.  The sum of the income per share amounts for the quarters may not equal the total for the year.