27. Quarterly Results (Unaudited)

Quarterly financial data and selected highlights are as follows:

	For the Fiscal Quarters Ended
	September 27, 2015			December 27, 2015			March 27, 2016			June 26, 2016
Net sales	$	162,165		$	156,336		$	161,278		$	163,858
Gross profit		20,984			21,813			23,364			27,471
Net income including non-controlling interest		7,786			6,194			9,275			9,915
Less: net loss attributable to non-controlling interest		(239	)		(270	)		(414	)		(322	)
Net income attributable to Unifi, Inc. (1)	$	8,025		$	6,464		$	9,689		$	10,237

Net income attributable to Unifi, Inc. per common share:
Basic (2)	$	0.45		$	0.36		$	0.54		$	0.57
Diluted (2)	$	0.43		$	0.35		$	0.53		$	0.56

	For the Fiscal Quarters Ended
	September 28, 2014			December 28, 2014			March 29, 2015			June 28, 2015
Net sales (3)	$	175,561		$	164,422		$	172,187		$	174,951
Gross profit (3)		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. (4)	$	7,077		$	9,418		$	10,016		$	15,640

Net income attributable to Unifi, Inc. per common share:
Basic (2)	$	0.39		$	0.52		$	0.55		$	0.86
Diluted (2)	$	0.37		$	0.50		$	0.53		$	0.83

(1)

Includes the unfavorable impact of key employee transition costs of approximately $840, $270 and $400 for the quarters ended June 26, 2016, March 27, 2016 and December 27, 2015, respectively.

(2)

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.

(3)

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). 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.

(4)

Net income attributable to Unifi, Inc. for the quarter ended September 28, 2014 includes a bargain purchase gain recorded by PAL (of which $1,506 was 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 net change in deferred tax valuation allowances of $924 recorded as a benefit to the income tax provision,

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

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

a $7,822 reversal of the deferred tax liability related to the Company’s indefinite reinvestment assertion,

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 2015,

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

a bargain purchase gain recorded by PAL (of which $3,190 is recognized by the Company).