Note 21 - Computation of Earnings Per Share

12 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

21. Computation of Earnings Per Share

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

	For the Fiscal Years Ended
	June 30, 2013		June 24, 2012		June 26, 2011
Basic EPS
Net income attributable to Unifi, Inc.	$	16,635	$	11,491	$	25,089
Weighted average common shares outstanding		19,909		20,088		20,065
Basic EPS	$	0.84	$	0.57	$	1.25
Diluted EPS
Net income attributable to Unifi, Inc.	$	16,635	$	11,491	$	25,089
Weighted average common shares outstanding		19,909		20,088		20,065
Net potential common share equivalents – stock options and RSUs		796		306		420
Adjusted weighted average common shares outstanding		20,705		20,394		20,485
Diluted EPS	$	0.80	$	0.56	$	1.22
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		210		184		221
Excluded from the calculation of diluted shares:
Unvested options that vest upon achievement of certain market conditions		27		567		577

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.