XML 92 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 9 Months Ended
Mar. 29, 2015
Mar. 30, 2014
Mar. 29, 2015
Mar. 30, 2014
Net sales $ 170,530us-gaap_SalesRevenueNet $ 176,864us-gaap_SalesRevenueNet $ 507,861us-gaap_SalesRevenueNet $ 506,150us-gaap_SalesRevenueNet
Cost of sales 148,267us-gaap_CostOfGoodsSold 157,105us-gaap_CostOfGoodsSold 441,360us-gaap_CostOfGoodsSold 447,909us-gaap_CostOfGoodsSold
Gross profit 22,263us-gaap_GrossProfit 19,759us-gaap_GrossProfit 66,501us-gaap_GrossProfit 58,241us-gaap_GrossProfit
Selling, general and administrative expenses 12,260us-gaap_SellingGeneralAndAdministrativeExpense 12,290us-gaap_SellingGeneralAndAdministrativeExpense 36,130us-gaap_SellingGeneralAndAdministrativeExpense 33,895us-gaap_SellingGeneralAndAdministrativeExpense
Provision for bad debts   137us-gaap_ProvisionForDoubtfulAccounts 654us-gaap_ProvisionForDoubtfulAccounts 186us-gaap_ProvisionForDoubtfulAccounts
Other operating expense, net 972us-gaap_OtherOperatingIncomeExpenseNet 1,239us-gaap_OtherOperatingIncomeExpenseNet 3,135us-gaap_OtherOperatingIncomeExpenseNet 4,008us-gaap_OtherOperatingIncomeExpenseNet
Operating income 9,031us-gaap_OperatingIncomeLoss 6,093us-gaap_OperatingIncomeLoss 26,582us-gaap_OperatingIncomeLoss 20,152us-gaap_OperatingIncomeLoss
Interest income (247)us-gaap_InvestmentIncomeInterest (214)us-gaap_InvestmentIncomeInterest (873)us-gaap_InvestmentIncomeInterest (1,570)us-gaap_InvestmentIncomeInterest
Interest expense 1,209us-gaap_InterestExpense 962us-gaap_InterestExpense 3,237us-gaap_InterestExpense 3,117us-gaap_InterestExpense
Loss on extinguishment of debt 1,040us-gaap_GainsLossesOnExtinguishmentOfDebt   1,040us-gaap_GainsLossesOnExtinguishmentOfDebt  
Equity in earnings of unconsolidated affiliates (5,459)us-gaap_IncomeLossFromEquityMethodInvestments (3,585)us-gaap_IncomeLossFromEquityMethodInvestments (12,461)us-gaap_IncomeLossFromEquityMethodInvestments (14,830)us-gaap_IncomeLossFromEquityMethodInvestments
Income before income taxes 12,488us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 8,930us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 35,639us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 33,435us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 2,729us-gaap_IncomeTaxExpenseBenefit 4,476us-gaap_IncomeTaxExpenseBenefit 10,083us-gaap_IncomeTaxExpenseBenefit 14,151us-gaap_IncomeTaxExpenseBenefit
Net income including non-controlling interest 9,759us-gaap_ProfitLoss 4,454us-gaap_ProfitLoss 25,556us-gaap_ProfitLoss 19,284us-gaap_ProfitLoss
Less: net (loss) attributable to non-controlling interest (257)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (289)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (955)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (772)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Unifi, Inc. $ 10,016us-gaap_NetIncomeLoss $ 4,743us-gaap_NetIncomeLoss $ 26,511us-gaap_NetIncomeLoss $ 20,056us-gaap_NetIncomeLoss
Basic (in Dollars per share) $ 0.55us-gaap_EarningsPerShareBasic $ 0.25us-gaap_EarningsPerShareBasic $ 1.46us-gaap_EarningsPerShareBasic $ 1.05us-gaap_EarningsPerShareBasic
Diluted (in Dollars per share) $ 0.53us-gaap_EarningsPerShareDiluted $ 0.24us-gaap_EarningsPerShareDiluted $ 1.41us-gaap_EarningsPerShareDiluted $ 1.01us-gaap_EarningsPerShareDiluted