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Investments in Unconsolidated Affiliates and Variable Interest Entities (Tables)
12 Months Ended
Jun. 25, 2017
Schedule Of Equity Method Investments [Line Items]  
Schedule of Raw Material Purchases under Supply Agreement

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

 

 

 

For the Fiscal Year Ended

 

 

 

June 25, 2017

 

 

June 26, 2016

 

 

June 28, 2015

 

UNF

 

$

2,254

 

 

$

2,828

 

 

$

3,676

 

UNFA

 

 

20,493

 

 

 

24,319

 

 

 

29,922

 

Total

 

$

22,747

 

 

$

27,147

 

 

$

33,598

 

 

Schedule of Unaudited, Condensed Balance Sheet Information for Unconsolidated Affiliates

Condensed balance sheet and income statement information for UNIFI’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 UNIFI’s fiscal 2017 and 2016, PAL’s corresponding fiscal periods both consisted of 52 weeks.  Depreciation and amortization for PAL for the periods presented includes amounts for PAL’s foreign subsidiaries. PAL’s current assets and shareholders’ equity accounts reflect a $6,800 dividend distribution made to UNIFI on June 28, 2017, subsequent to UNIFI’s fiscal 2017.

 

 

 

As of June 25, 2017

 

 

 

PAL

 

 

Other

 

 

Total

 

Current assets

 

$

247,820

 

 

$

10,340

 

 

$

258,160

 

Noncurrent assets

 

 

183,418

 

 

 

1,039

 

 

 

184,457

 

Current liabilities

 

 

54,389

 

 

 

3,588

 

 

 

57,977

 

Noncurrent liabilities

 

 

3,263

 

 

 

 

 

 

3,263

 

Shareholders’ equity and capital accounts

 

 

373,586

 

 

 

7,791

 

 

 

381,377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UNIFI’s portion of undistributed earnings

 

 

46,248

 

 

 

1,916

 

 

 

48,164

 

 

 

 

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

 

 

 

For the Fiscal Year Ended June 25, 2017

 

 

 

PAL

 

 

Other

 

 

Total

 

Net sales

 

$

754,285

 

 

$

22,905

 

 

$

777,190

 

Gross profit

 

 

26,275

 

 

 

4,877

 

 

 

31,152

 

Income from operations

 

 

10,406

 

 

 

3,061

 

 

 

13,467

 

Net income

 

 

7,814

 

 

 

2,988

 

 

 

10,802

 

Depreciation and amortization

 

 

42,801

 

 

 

177

 

 

 

42,978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash received by PAL under cotton rebate program

 

 

14,293

 

 

 

 

 

 

14,293

 

Earnings recognized by PAL for cotton rebate program

 

 

13,491

 

 

 

 

 

 

13,491

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributions received

 

 

822

 

 

 

1,500

 

 

 

2,322

 

 

 

 

For the Fiscal Year Ended June 26, 2016

 

 

 

PAL

 

 

Other

 

 

Total

 

Net sales

 

$

824,248

 

 

$

29,463

 

 

$

853,711

 

Gross profit

 

 

32,626

 

 

 

7,651

 

 

 

40,277

 

Income from operations

 

 

15,143

 

 

 

5,772

 

 

 

20,915

 

Net income

 

 

17,670

 

 

 

5,838

 

 

 

23,508

 

Depreciation and amortization

 

 

46,235

 

 

 

150

 

 

 

46,385

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash received by PAL under cotton rebate program

 

 

17,057

 

 

 

 

 

 

17,057

 

Earnings recognized by PAL for cotton rebate program

 

 

16,080

 

 

 

 

 

 

16,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributions received

 

 

1,732

 

 

 

3,000

 

 

 

4,732

 

 

 

 

For the Fiscal Year Ended June 28, 2015

 

 

 

PAL

 

 

Other

 

 

Total

 

Net sales

 

$

828,502

 

 

$

33,496

 

 

$

861,998

 

Gross profit

 

 

53,042

 

 

 

5,480

 

 

 

58,522

 

Income from operations

 

 

34,873

 

 

 

3,861

 

 

 

38,734

 

Net income

 

 

50,991

 

 

 

4,140

 

 

 

55,131

 

Depreciation and amortization

 

 

35,536

 

 

 

117

 

 

 

35,653

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash received by PAL under cotton rebate program

 

 

18,087

 

 

 

 

 

 

18,087

 

Earnings recognized by PAL for cotton rebate program

 

 

17,398

 

 

 

 

 

 

17,398

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributions received

 

 

2,468

 

 

 

1,250

 

 

 

3,718

 

 

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

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

 

Underlying equity as of June 25, 2017

 

$

133,819

 

Initial excess capital contributions

 

 

53,363

 

Impairment charge recorded by UNIFI in 2007

 

 

(74,106

)

Anti-trust lawsuit against PAL in which UNIFI did not participate

 

 

2,652

 

Cotton rebate adjustments to PAL’s depreciation expense

 

 

(114

)

Investment as of June 25, 2017

 

$

115,614