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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 27, 2016
Mar. 29, 2015
Mar. 27, 2016
Mar. 29, 2015
Net sales $ 161,278 $ 172,187 $ 479,779 $ 512,170
Cost of sales 137,914 150,180 413,618 446,784
Gross profit 23,364 22,007 66,161 65,386
Selling, general and administrative expenses 12,142 $ 12,647 35,391 37,266
Provision for bad debts 411 1,583 647
Other operating expense, net 819 $ 329 879 891
Operating income 9,992 9,031 28,308 26,582
Interest income (190) (247) (519) (873)
Interest expense $ 908 1,209 $ 2,708 3,237
Loss on extinguishment of debt 1,040 1,040
Equity in earnings of unconsolidated affiliates $ (4,167) (5,459) $ (7,330) (12,461)
Income before income taxes 13,441 12,488 33,449 35,639
Provision for income taxes 4,166 2,729 10,194 10,083
Net income including non-controlling interest 9,275 9,759 23,255 25,556
Less: net (loss) attributable to non-controlling interest (414) (257) (923) (955)
Net income attributable to Unifi, Inc. $ 9,689 $ 10,016 $ 24,178 $ 26,511
Net income attributable to Unifi, Inc. per common share:        
Basic (in dollars per share) $ 0.54 $ 0.55 $ 1.35 $ 1.46
Diluted (in dollars per share) $ 0.53 $ 0.53 $ 1.31 $ 1.41