XML 91 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 28, 2014
Dec. 29, 2013
Dec. 28, 2014
Dec. 29, 2013
Net sales $ 163,149us-gaap_SalesRevenueNet $ 160,617us-gaap_SalesRevenueNet $ 337,331us-gaap_SalesRevenueNet $ 329,286us-gaap_SalesRevenueNet
Cost of sales 139,866us-gaap_CostOfGoodsSold 142,120us-gaap_CostOfGoodsSold 293,093us-gaap_CostOfGoodsSold 290,804us-gaap_CostOfGoodsSold
Gross profit 23,283us-gaap_GrossProfit 18,497us-gaap_GrossProfit 44,238us-gaap_GrossProfit 38,482us-gaap_GrossProfit
Selling, general and administrative expenses 12,584us-gaap_SellingGeneralAndAdministrativeExpense 11,491us-gaap_SellingGeneralAndAdministrativeExpense 23,870us-gaap_SellingGeneralAndAdministrativeExpense 21,605us-gaap_SellingGeneralAndAdministrativeExpense
Provision for bad debts 63us-gaap_ProvisionForDoubtfulAccounts 87us-gaap_ProvisionForDoubtfulAccounts 654us-gaap_ProvisionForDoubtfulAccounts 49us-gaap_ProvisionForDoubtfulAccounts
Other operating expense, net 702us-gaap_OtherOperatingIncomeExpenseNet 1,145us-gaap_OtherOperatingIncomeExpenseNet 2,163us-gaap_OtherOperatingIncomeExpenseNet 2,769us-gaap_OtherOperatingIncomeExpenseNet
Operating income 9,934us-gaap_OperatingIncomeLoss 5,774us-gaap_OperatingIncomeLoss 17,551us-gaap_OperatingIncomeLoss 14,059us-gaap_OperatingIncomeLoss
Interest income (309)us-gaap_InvestmentIncomeInterest (142)us-gaap_InvestmentIncomeInterest (626)us-gaap_InvestmentIncomeInterest (1,356)us-gaap_InvestmentIncomeInterest
Interest expense 1,209us-gaap_InterestExpense 903us-gaap_InterestExpense 2,028us-gaap_InterestExpense 2,155us-gaap_InterestExpense
Equity in earnings of unconsolidated affiliates (3,281)us-gaap_IncomeLossFromEquityMethodInvestments (5,122)us-gaap_IncomeLossFromEquityMethodInvestments (7,002)us-gaap_IncomeLossFromEquityMethodInvestments (11,245)us-gaap_IncomeLossFromEquityMethodInvestments
Income before income taxes 12,315us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 10,135us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 23,151us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 24,505us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 3,193us-gaap_IncomeTaxExpenseBenefit 3,924us-gaap_IncomeTaxExpenseBenefit 7,354us-gaap_IncomeTaxExpenseBenefit 9,675us-gaap_IncomeTaxExpenseBenefit
Net income including non-controlling interest 9,122us-gaap_ProfitLoss 6,211us-gaap_ProfitLoss 15,797us-gaap_ProfitLoss 14,830us-gaap_ProfitLoss
Less: net (loss) attributable to non-controlling interest (296)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (232)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (698)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (483)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Unifi, Inc. $ 9,418us-gaap_NetIncomeLoss $ 6,443us-gaap_NetIncomeLoss $ 16,495us-gaap_NetIncomeLoss $ 15,313us-gaap_NetIncomeLoss
Basic (in Dollars per share) $ 0.52us-gaap_EarningsPerShareBasic $ 0.34us-gaap_EarningsPerShareBasic $ 0.90us-gaap_EarningsPerShareBasic $ 0.80us-gaap_EarningsPerShareBasic
Diluted (in Dollars per share) $ 0.50us-gaap_EarningsPerShareDiluted $ 0.32us-gaap_EarningsPerShareDiluted $ 0.88us-gaap_EarningsPerShareDiluted $ 0.76us-gaap_EarningsPerShareDiluted