XML 31 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Shareholders' Equity
9 Months Ended
Mar. 26, 2017
Stockholders Equity Note [Abstract]  
Shareholders’ Equity

13.  Shareholders’ Equity

 

 

 

Shares

 

 

Common Stock

 

 

Capital in Excess of Par Value

 

 

Retained Earnings

 

 

Accumulated Other Comprehensive Loss

 

 

Total Unifi, Inc. Shareholders’ Equity

 

 

Non-Controlling Interest

 

 

Total Shareholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 26, 2016

 

 

17,847

 

 

$

1,785

 

 

$

45,932

 

 

$

307,065

 

 

$

(29,751

)

 

$

325,031

 

 

$

1,914

 

 

$

326,945

 

Options exercised

 

 

299

 

 

 

29

 

 

 

2,588

 

 

 

 

 

 

 

 

 

2,617

 

 

 

 

 

 

2,617

 

Conversion of restricted stock units

 

 

70

 

 

 

7

 

 

 

(7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation

 

 

 

 

 

 

 

 

1,849

 

 

 

 

 

 

 

 

 

1,849

 

 

 

 

 

 

1,849

 

Excess tax benefit on stock-based compensation plans

 

 

 

 

 

 

 

 

1,168

 

 

 

 

 

 

 

 

 

1,168

 

 

 

 

 

 

1,168

 

Other comprehensive income, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26

 

 

 

26

 

 

 

 

 

 

26

 

Deconsolidation for sale of business

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,416

)

 

 

(1,416

)

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

23,171

 

 

 

 

 

 

23,171

 

 

 

(498

)

 

 

22,673

 

Balance at March 26, 2017

 

 

18,216

 

 

$

1,821

 

 

$

51,530

 

 

$

330,236

 

 

$

(29,725

)

 

$

353,862

 

 

$

 

 

$

353,862

 

On January 22, 2013, the Company announced a stock repurchase program to acquire up to $50,000 of the Company’s common stock. The Company completed its repurchase of shares under this program in March 2014. On April 23, 2014, the Company announced that its Board of Directors authorized a stock repurchase program to acquire $50,000 of the Company’s common stock with no expiration. Purchases under the program may be done in accordance with SEC regulations at prevailing market prices, through open market purchases or privately negotiated transactions at such times and prices and in such manner as determined by management, subject to market conditions, applicable legal requirements, contractual obligations and other factors. Repurchases, if any, are expected to be financed through cash generated from operations and borrowings, and are subject to applicable limitations and restrictions as set forth in the credit agreement governing the Company’s debt obligations. The Company may discontinue repurchases at any time that management determines additional purchases are not beneficial or advisable. The following table summarizes the Company’s repurchases and retirements of its common stock under the stock repurchase programs for the fiscal periods noted.

 

 

 

Total Number

of Shares

Repurchased as

Part of Publicly

Announced Plans

or Programs

 

 

Average Price

Paid per Share

 

 

Maximum

Approximate Dollar

Value that May

Yet Be Repurchased

Under Publicly

Announced Plans

or Programs

 

Fiscal 2013

 

 

1,068

 

 

$

18.08

 

 

 

 

 

Fiscal 2014

 

 

1,524

 

 

$

23.96

 

 

 

 

 

Fiscal 2015

 

 

349

 

 

$

29.72

 

 

 

 

 

Fiscal 2016

 

 

206

 

 

$

30.13

 

 

 

 

 

Fiscal 2017 (through March 26, 2017)

 

 

 

 

$

 

 

 

 

 

Total

 

 

3,147

 

 

 

 

 

 

$

27,603

 

 

No dividends were paid during the nine months ended March 26, 2017 or in the two most recently completed fiscal years.