Note 20 - Computation of Earnings Per Share

12 Months Ended

Jun. 26, 2016

20. Computation of Earnings Per Share

The computation of basic and diluted earnings per share (“EPS”) is as follows:

	For the Fiscal Year Ended
	June 26, 2016		June 28, 2015		June 29, 2014
Basic EPS
Net income attributable to Unifi, Inc.	$	34,415	$	42,151	$	28,823
Weighted average common shares outstanding		17,857		18,207		18,919
Basic EPS	$	1.93	$	2.32	$	1.52

Diluted EPS
Net income attributable to Unifi, Inc.	$	34,415	$	42,151	$	28,823

Weighted average common shares outstanding		17,857		18,207		18,919
Net potential common share equivalents – stock options and RSUs		558		629		702
Adjusted weighted average common shares outstanding		18,415		18,836		19,621
Diluted EPS	$	1.87	$	2.24	$	1.47

Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		193		150		91

Excluded from the calculation of diluted shares:
Unvested options that vest upon achievement of certain market conditions		—		—		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.