13. Shareholders’ Equity

	Shares			Common Stock		Capital in Excess of Par Value			Retained Earnings		Accumulated Other Comprehensive Loss			Total Shareholders’ Equity
Balance at June 24, 2018		18,353		$	1,835	$	56,726		$	371,753	$	(40,533	)	$	389,781
Options exercised		16			2		242			—		—			244
Conversion of restricted stock units		14			1		(1	)		—		—			—
Stock-based compensation		1			—		872			—		—			872
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions		(4	)		—		(133	)		—		—			(133	)
Other comprehensive income, net of tax		—			—		—			—		(2,922	)		(2,922	)
Adoption of the New Revenue Recognition Guidance		—			—		—			459		—			459
Net income		—			—		—			1,812		—			1,812
Balance at September 30, 2018		18,380		$	1,838	$	57,706		$	374,024	$	(43,455	)	$	390,113

	Shares		Common Stock		Capital in Excess of Par Value		Retained Earnings		Accumulated Other Comprehensive Loss			Total Shareholders’ Equity
Balance at June 25, 2017		18,230	$	1,823	$	51,923	$	339,940	$	(32,880	)	$	360,806
Options exercised		31		3		216		—		—			219
Stock-based compensation		—		—		965		—		—			965
Other comprehensive income, net of tax		—		—		—		—		3,174			3,174
Net income		—		—		—		8,960		—			8,960
Balance at September 24, 2017		18,261	$	1,826	$	53,104	$	348,900	$	(29,706	)	$	374,124

No dividends were paid during the three months ended September 30, 2018 or in the two most recently completed fiscal years.

Stock Repurchase Program

On April 23, 2014, UNIFI announced that its Board of Directors (the “Board”) had approved a stock repurchase program (the “2014 SRP”) under which UNIFI was authorized to acquire up to $50,000 of its common stock. UNIFI made no repurchases of its shares of common stock during the current period. As of September 30, 2018, UNIFI had repurchased a total of 806 shares, at an average price of $27.79 (for a total of $22,409, inclusive of commission costs) pursuant to the 2014 SRP. As of September 30, 2018, $27,603 remained available for repurchases under the 2014 SRP.

On October 31, 2018, UNIFI announced that the Board had terminated the 2014 SRP and approved a new stock repurchase program (the “2018 SRP”) under which UNIFI is authorized to acquire up to $50,000 of its common stock. Under the 2018 SRP, purchases will be made from time to time in the open market at prevailing market prices, through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The share repurchase authorization is discretionary and has no expiration date.