Note 27 - Quarterly Results (Unaudited)

12 Months Ended

Jun. 28, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

27. Quarterly Results (Unaudited)

Quarterly financial data and selected highlights are as follows:

	For the Fiscal Quarters Ended
	September 28, 2014			December 28, 2014			March 29, 2015			June 28, 2015
Net sales (1)	$	175,561		$	164,422		$	172,187		$	174,951
Gross profit (1)		20,450			22,929			22,007			25,319
Net income including non-controlling interest		6,675			9,122			9,759			14,910
Less: net (loss) attributable to non-controlling interest		(402	)		(296	)		(257	)		(730	)
Net income attributable to Unifi, Inc (2).	$	7,077		$	9,418		$	10,016		$	15,640
Net income attributable to Unifi, Inc. per common share:
Basic (3)	$	0.39		$	0.52		$	0.55		$	0.86
Diluted (3)	$	0.37		$	0.50		$	0.53		$	0.83

	For the Fiscal Quarters Ended
	September 29, 2013			December 29, 2013			March 30, 2014			June 29, 2014
Net sales	$	168,669		$	160,617		$	176,864		$	181,752
Gross profit		19,985			18,497			19,759			25,021
Net income including non-controlling interest		8,619			6,211			4,454			8,436
Less: net (loss) attributable to non-controlling interest		(251	)		(232	)		(289	)		(331	)
Net income attributable to Unifi, Inc.	$	8,870		$	6,443		$	4,743		$	8,767
Net income attributable to Unifi, Inc. per common share:
Basic (3)	$	0.46		$	0.34		$	0.25		$	0.48
Diluted (3)	$	0.44		$	0.32		$	0.24		$	0.46

(1) Net sales and gross profit for the fiscal quarters ended September 28, 2014, December 28, 2014 and March 29, 2015 have been revised to reflect revenues presented for All Other (as described in more detail in “Note 26. Business Segment Information”). Such income had been previously recorded as an offset to cost of sales or other operating expense due to the insignificance of the underlying business activities to the consolidated financial statements.

(2) Net income attributable to Unifi, Inc. for the quarter ended September 28, 2014 includes a bargain purchase gain recorded by PAL (of which $729 is recognized by the Company).

Net income attributable to Unifi, Inc. for the quarter ended December 28, 2014 includes a net change in deferred tax valuation allowances of $630 recorded as a benefit to the income tax provision.

Net income attributable to Unifi, Inc. for the quarter ended March 29, 2015 includes the following:

a. a net change in deferred tax valuation allowances of $924 recorded as a benefit to the income tax provision,

b. renewable energy tax credits of $782 recorded as a benefit to the income tax provision and

c. an after-tax loss on extinguishment of debt of approximately $676.

Net income attributable to Unifi, Inc. for the quarter ended June 28, 2015 includes the following:

a. a net change in deferred tax valuation allowances of $1,749 recorded as a benefit to the income tax provision,

b. a change of $7,822 in the deferred tax liability related to the Company’s indefinite reinvestment assertion,

c. the reversal of a $3,008 deferred tax asset related to certain intercompany foreign currency transactions which originated in prior years and were settled in the fourth quarter of fiscal year 2015,

d. a net change in uncertain tax positions of $3,046 recorded to provision for income taxes and

e. a bargain purchase gain recorded by PAL (of which $1,962 is recognized by the Company).

(3) Income per share is computed independently for each of the periods presented. The sum of the income per share amounts for the quarters may not equal the total for the year.