Other Non-Current Assets

12 Months Ended

Jun. 24, 2018

Other Assets Noncurrent Disclosure [Abstract]

Other Non-Current Assets

10. Other Non-Current Assets

Other non-current assets consists of the following:

	June 24, 2018		June 25, 2017
Interest rate swaps	$	2,259	$	—
Other		821		613
Total other non-current assets	$	3,080	$	613

On January 5, 2017, February 24, 2017 and June 1, 2017, UNIFI entered into three interest rate swaps with Wells Fargo Bank, N.A. (“Wells Fargo”), with notional amounts of $20,000 (“Swap A”), $30,000 (“Swap B”) and $25,000 (“Swap C”), respectively. The combined designated hedges fix London Interbank Offer Rate (“LIBOR”) at approximately 1.9% for $75,000 of variable rate borrowings through May 24, 2022. In accordance with hedge accounting, each swap is reflected on the accompanying consolidated balance sheets at fair value with a corresponding balance in accumulated other comprehensive loss, and impacts earnings commensurate with the forecasted transaction.