Note 19 - Computation of Earnings Per Share

6 Months Ended

Dec. 29, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

19. Computation of Earnings Per Share

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

	For the Three Months Ended				For the Six Months Ended
	December 29, 2013		December 23, 2012		December 29, 2013		December 23, 2012
Basic EPS
Net income attributable to Unifi, Inc.	$	6,443	$	2,426	$	15,313	$	4,720
Weighted average common shares outstanding		19,136		20,099		19,200		20,095
Basic EPS	$	0.34	$	0.12	$	0.80	$	0.23
Diluted EPS
Net income attributable to Unifi, Inc.	$	6,443	$	2,426	$	15,313	$	4,720
Weighted average common shares outstanding		19,136		20,099		19,200		20,095
Net potential common share equivalents – stock options and RSUs		758		554		832		509
Adjusted weighted average common shares outstanding		19,894		20,653		20,032		20,604
Diluted EPS	$	0.32	$	0.12	$	0.76	$	0.23

As of December 29, 2013 and December 23, 2012, the number of anti-dilutive common share equivalents excluded from the calculation of diluted shares was 91 and 272, respectively, and the number of unvested options that vest upon achievement of certain market conditions excluded from the calculation of diluted shares was 13 and 567, respectively.

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 periods, 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.