Note 19 - Computation of Earnings Per Share

9 Months Ended

Mar. 29, 2015

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 29, 2015		March 30, 2014		March 29, 2015		March 30, 2014
Basic EPS
Net income attributable to Unifi, Inc.	$	10,016	$	4,743	$	26,511	$	20,056
Weighted average common shares outstanding		18,186		18,825		18,218		19,075
Basic EPS	$	0.55	$	0.25	$	1.46	$	1.05
Diluted EPS
Net income attributable to Unifi, Inc.	$	10,016	$	4,743	$	26,511	$	20,056
Weighted average common shares outstanding		18,186		18,825		18,218		19,075
Net potential common share equivalents – stock options and RSUs		643		581		619		748
Adjusted weighted average common shares outstanding		18,829		19,406		18,837		19,823
Diluted EPS	$	0.53	$	0.24	$	1.41	$	1.01
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		150		91		167		91
Excluded from the calculation of diluted shares:
Unvested options that vest upon achievement of a certain market condition		—		13		—		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.