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Revenue Recognition (Tables)
6 Months Ended
Dec. 30, 2018
Revenue From Contract With Customer [Abstract]  
Disaggregated Revenues for UNIFI

The following table presents disaggregated revenues for UNIFI:

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

December 30, 2018

 

 

December 24, 2017

 

 

December 30, 2018

 

 

December 24, 2017

 

Third-party textile manufacturer

 

$

165,338

 

 

$

165,366

 

 

$

344,659

 

 

$

327,527

 

Service

 

 

2,373

 

 

 

2,112

 

 

 

4,663

 

 

 

4,193

 

Net sales

 

$

167,711

 

 

$

167,478

 

 

$

349,322

 

 

$

331,720

 

Summary of Impact of Adoption of New Revenue Recognition Guidance

The following table summarizes the impact of the adoption of the New Revenue Recognition Guidance on UNIFI's applicable financial statement line items for the six months ended December 30, 2018. Any impact to other financial statement line items is insignificant and excluded from the below.

 

Financial Statement Line Item

 

Treatment under

previous Revenue

Recognition Guidance

 

 

Adjustments

in connection

with New Revenue

Recognition Guidance

 

 

As reported under

New Revenue

Recognition Guidance

 

Revenue

 

$

347,311

 

 

$

2,011

 

 

$

349,322

 

Cost of sales

 

$

313,115

 

 

$

2,032

 

 

$

315,147

 

Gross profit (loss)

 

$

34,196

 

 

$

(21

)

 

$

34,175

 

Inventory

 

$

144,619

 

 

$

(9,977

)

 

$

134,642

 

Contract assets

 

$

 

 

$

10,537

 

 

$

10,537