Note 19 - Computation of Earnings Per Share

9 Months Ended

Mar. 30, 2014

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 Nine Months Ended
	March 30, 2014		March 24, 2013		March 30, 2014		March 24, 2013
Basic EPS
Net income attributable to Unifi, Inc.	$	4,743	$	1,399	$	20,056	$	6,119
Weighted average common shares outstanding		18,825		20,082		19,075		20,091
Basic EPS	$	0.25	$	0.07	$	1.05	$	0.30
Diluted EPS
Net income attributable to Unifi, Inc.	$	4,743	$	1,399	$	20,056	$	6,119
Weighted average common shares outstanding		18,825		20,082		19,075		20,091
Net potential common share equivalents – stock options and RSUs		581		598		748		540
Adjusted weighted average common shares outstanding		19,406		20,680		19,823		20,631
Diluted EPS	$	0.24	$	0.07	$	1.01	$	0.30

As of March 30, 2014 and March 24, 2013, 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 560, 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.