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Quarterly Results (Unaudited)
 12 Months Ended
Jun. 24, 2018
Quarterly Financial Data [Abstract]  
Quarterly Results (Unaudited)

26. Quarterly Results (Unaudited)

Quarterly financial data and selected highlights are as follows:

 

 

 

For the Fiscal Quarter Ended

 

 

 

September 24,

2017

 

 

December 24,

2017

 

 

March 25, 2018

 

 

June 24,  2018

 

Net sales

 

$

164,242

 

 

$

167,478

 

 

$

165,867

 

 

$

181,325

 

Gross profit (1)

 

 

23,292

 

 

 

22,676

 

 

 

16,556

 

 

 

23,904

 

Net income including non-controlling interest

 

 

8,960

 

 

 

11,802

 

 

 

176

 

 

 

10,764

 

Less: net loss attributable to non-controlling interest

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net income attributable to Unifi, Inc. (2)

 

$

8,960

 

 

$

11,802

 

 

$

176

 

 

$

10,764

 

Net income attributable to Unifi, Inc. per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (3)

 

$

0.49

 

 

$

0.65

 

 

$

0.01

 

 

$

0.59

 

Diluted (3)

 

$

0.48

 

 

$

0.63

 

 

$

0.01

 

 

$

0.58

 

 

 

 

For the Fiscal Quarter Ended

 

 

 

September 25,

2016

 

 

December 25,

2016

 

 

March 26, 2017

 

 

June 25,  2017

 

Net sales

 

$

159,969

 

 

$

155,155

 

 

$

160,896

 

 

$

171,250

 

Gross profit

 

 

23,547

 

 

 

22,130

 

 

 

21,130

 

 

 

27,357

 

Net income including non-controlling interest

 

 

9,142

 

 

 

4,354

 

 

 

9,177

 

 

 

9,704

 

Less: net loss attributable to non-controlling interest

 

 

(261

)

 

 

(237

)

 

 

—

 

 

 

—

 

Net income attributable to Unifi, Inc. (4)

 

$

9,403

 

 

$

4,591

 

 

$

9,177

 

 

$

9,704

 

Net income attributable to Unifi, Inc. per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (3)

 

$

0.52

 

 

$

0.25

 

 

$

0.50

 

 

$

0.53

 

Diluted (3)

 

$

0.51

 

 

$

0.25

 

 

$

0.50

 

 

$

0.52

 

 

(1)

Gross profit for the fiscal quarter ended March 25, 2018 includes the adverse impact of sustained raw material cost increases that could not be effectively offset with corresponding selling price increases.

 

(2)

Net income attributable to Unifi, Inc. for the fiscal quarter ended June 24, 2018 includes the reversal of a $3,380 uncertain tax position relating to certain foreign exchange income applicable to fiscal 2015.

 

Net income attributable to Unifi, Inc. for the fiscal quarter ended December 24, 2017 includes the reversal of a $3,807 valuation allowance on certain historical NOLs in connection with a tax status change unrelated to the federal tax reform legislation signed into law in December 2017.

 

(3)

Income per share is computed independently for each of the periods presented.  The sum of the income per share amounts for the fiscal quarters may not equal the total for the fiscal year. 

 

(4)

Net income attributable to Unifi, Inc. for the fiscal quarter ended December 25, 2016 includes a loss on sale of business of $1,662.