XML 65 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Shareholders' Equity (Tables)
12 Months Ended
Jun. 24, 2018
Stockholders Equity Note [Abstract]  
Repurchases and Retirements of Common Stock

On April 23, 2014, UNIFI announced that its Board of Directors (the “Board”) had approved a stock repurchase program (the “SRP”) under which UNIFI is authorized to acquire up to $50,000 of its common stock. The SRP has no stated expiration or termination date, and there is no time limit or specific time frame otherwise for repurchases. Under the SRP, purchases may be completed 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 under the ABL Revolver, and are subject to applicable limitations and restrictions as set forth in the ABL Facility. UNIFI may discontinue repurchases at any time that management determines additional purchases are not beneficial or advisable. The following table summarizes UNIFI’s repurchases and retirements of its common stock under the SRP for the fiscal periods noted.

 

 

 

Total Number

of Shares

Repurchased

as Part of Publicly

Announced Plans

or Programs

 

 

Average Price

Paid per Share

 

 

Approximate

Dollar Value that

May Yet Be

Repurchased

Under Publicly Announced Plans or Programs

 

Fiscal 2014

 

 

251

 

 

$

23.19

 

 

 

 

 

Fiscal 2015

 

 

349

 

 

$

29.72

 

 

 

 

 

Fiscal 2016

 

 

206

 

 

$

30.13

 

 

 

 

 

Fiscal 2017

 

 

 

 

$

 

 

 

 

 

Fiscal 2018

 

 

 

 

$

 

 

 

 

 

Total

 

 

806

 

 

$

27.79

 

 

$

27,603