Note 21 - Computation of Earnings Per Share

9 Months Ended

Mar. 24, 2013

Earnings Per Share [Text Block]

21.  Computation of Earnings Per Share

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

	For the Three Months Ended				For the Nine Months Ended
	March 24, 2013		March 25, 2012		March 24, 2013		March 25, 2012
Basic EPS
Net income attributable to Unifi, Inc.	$	1,399	$	7,535	$	6,119	$	213
Weighted average common shares outstanding		20,082		20,089		20,091		20,088
Basic EPS	$	0.07	$	0.38	$	0.30	$	0.01
Diluted EPS
Net income attributable to Unifi, Inc.	$	1,399	$	7,535	$	6,119	$	213
Weighted average common shares outstanding		20,082		20,089		20,091		20,088
Net potential common share equivalents – stock options and RSUs		598		272		540		269
Adjusted weighted average common shares outstanding		20,680		20,361		20,631		20,357
Diluted EPS	$	0.07	$	0.37	$	0.30	$	0.01
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		272		213		272		199
Excluded from the calculation of diluted shares:
Unvested options that vest upon achievement of certain market conditions		560		567		560		567

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.