Note 19 - Computation of Earnings Per Share

6 Months Ended

Dec. 28, 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 Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
Basic EPS
Net income attributable to Unifi, Inc.	$	9,418	$	6,443	$	16,495	$	15,313
Weighted average common shares outstanding		18,180		19,136		18,235		19,200
Basic EPS	$	0.52	$	0.34	$	0.90	$	0.80
Diluted EPS
Net income attributable to Unifi, Inc.	$	9,418	$	6,443	$	16,495	$	15,313
Weighted average common shares outstanding		18,180		19,136		18,235		19,200
Net potential common share equivalents – stock options and RSUs		602		758		600		832
Adjusted weighted average common shares outstanding		18,782		19,894		18,835		20,032
Diluted EPS	$	0.50	$	0.32	$	0.88	$	0.76
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		177		91		177		91
Excluded from the calculation of diluted shares:
Unvested options that vest upon achievement of certain market conditions		10		13		10		13

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.