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Investments in Unconsolidated Affiliates and Variable Interest Entities (Tables)
3 Months Ended
Sep. 25, 2016
Schedule Of Equity Method Investments [Line Items]  
Schedule of Unaudited, Condensed Balance Sheet Information for Unconsolidated Affiliates

Condensed balance sheet and income statement information for the Company’s unconsolidated affiliates (including reciprocal balances) is presented in the following tables.  PAL is defined as significant and its information is separately disclosed. PAL does not meet the criteria for segment reporting.

 

 

 

As of September 25, 2016

 

 

 

PAL

 

 

Other

 

 

Total

 

Current assets

 

$

253,137

 

 

$

11,215

 

 

$

264,352

 

Noncurrent assets

 

 

196,580

 

 

 

1,030

 

 

 

197,610

 

Current liabilities

 

 

59,138

 

 

 

3,346

 

 

 

62,484

 

Noncurrent liabilities

 

 

2,951

 

 

 

 

 

 

2,951

 

Shareholders’ equity and capital accounts

 

 

387,628

 

 

 

8,899

 

 

 

396,527

 

Unifi’s portion of undistributed earnings

 

 

44,711

 

 

 

1,433

 

 

 

46,144

 

 

 

 

As of June 26, 2016

 

 

 

PAL

 

 

Other

 

 

Total

 

Current assets

 

$

244,197

 

 

$

12,781

 

 

$

256,978

 

Noncurrent assets

 

 

203,251

 

 

 

1,069

 

 

 

204,320

 

Current liabilities

 

 

56,921

 

 

 

4,048

 

 

 

60,969

 

Noncurrent liabilities

 

 

3,057

 

 

 

 

 

 

3,057

 

Shareholders’ equity and capital accounts

 

 

387,470

 

 

 

9,802

 

 

 

397,272

 

 

Income Statement Information [Member]  
Schedule Of Equity Method Investments [Line Items]  
Schedule of Unaudited, Condensed Income Statement Information for Unconsolidated Affiliates

Condensed balance sheet and income statement information for the Company’s unconsolidated affiliates (including reciprocal balances) is presented in the following tables.  PAL is defined as significant and its information is separately disclosed. PAL does not meet the criteria for segment reporting.

 

 

 

For the Three Months Ended September 25, 2016

 

 

 

PAL

 

 

Other

 

 

Total

 

Net sales

 

$

205,900

 

 

$

6,002

 

 

$

211,902

 

Gross profit

 

 

5,496

 

 

 

1,545

 

 

 

7,041

 

Income from operations

 

 

861

 

 

 

1,085

 

 

 

1,946

 

Net income

 

 

874

 

 

 

1,097

 

 

 

1,971

 

Depreciation and amortization

 

 

10,442

 

 

 

39

 

 

 

10,481

 

Cash received by PAL under cotton rebate program

 

 

4,127

 

 

 

 

 

 

4,127

 

Earnings recognized by PAL for cotton rebate program

 

 

3,889

 

 

 

 

 

 

3,889

 

Distributions received

 

 

 

 

 

750

 

 

 

750

 

 

 

 

For the Three Months Ended September 27, 2015

 

 

 

PAL

 

 

Other

 

 

Total

 

Net sales

 

$

224,065

 

 

$

9,349

 

 

$

233,414

 

Gross profit

 

 

7,387

 

 

 

2,330

 

 

 

9,717

 

Income from operations

 

 

3,561

 

 

 

1,849

 

 

 

5,410

 

Net income

 

 

5,729

 

 

 

1,858

 

 

 

7,587

 

Depreciation and amortization

 

 

9,694

 

 

 

37

 

 

 

9,731

 

Cash received by PAL under cotton rebate program

 

 

3,184

 

 

 

 

 

 

3,184

 

Earnings recognized by PAL for cotton rebate program

 

 

4,354

 

 

 

 

 

 

4,354

 

Distributions received

 

 

947

 

 

 

1,000

 

 

 

1,947

 

  

Balance Sheet Information  
Schedule Of Equity Method Investments [Line Items]  
Schedule of Raw Material Purchases under Supply Agreement

The Company’s raw material purchases under this supply agreement consist of the following:

 

 

 

For the Three Months Ended

 

 

 

September 25, 2016

 

 

September 27, 2015

 

UNF

 

$

778

 

 

$

1,021

 

UNFA

 

 

5,388

 

 

 

7,142

 

Total

 

$

6,166

 

 

$

8,163

 

 

Parkdale America LLC [Member]  
Schedule Of Equity Method Investments [Line Items]  
Schedule of Reconciliation Between Share of Underlying Equity

The reconciliation between the Company’s share of the underlying equity of PAL and its investment is as follows:

 

Underlying equity as of September 25, 2016

 

$

131,794

 

Initial excess capital contributions

 

 

53,363

 

Impairment charge recorded by the Company in fiscal 2007

 

 

(74,106

)

Anti-trust lawsuit against PAL in which the Company did not participate

 

 

2,652

 

Cotton rebate program adjustments

 

 

(165

)

Investment as of September 25, 2016

 

$

113,538