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Revenue Recognition (Tables)
9 Months Ended
Mar. 31, 2019
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 Nine Months Ended

 

 

 

March 31, 2019

 

 

March 25, 2018

 

 

March 31, 2019

 

 

March 25, 2018

 

Third-party textile manufacturer

 

$

177,977

 

 

$

163,616

 

 

$

522,636

 

 

$

491,143

 

Service

 

 

2,012

 

 

 

2,251

 

 

 

6,675

 

 

 

6,444

 

Net sales

 

$

179,989

 

 

$

165,867

 

 

$

529,311

 

 

$

497,587

 

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 nine months ended March 31, 2019. 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

 

$

528,414

 

 

$

897

 

 

$

529,311

 

Cost of sales

 

$

480,680

 

 

$

665

 

 

$

481,345

 

Gross profit (loss)

 

$

47,734

 

 

$

232

 

 

$

47,966

 

Inventory

 

$

139,610

 

 

$

(8,629

)

 

$

130,981

 

Contract assets

 

$

 

 

$

9,454

 

 

$

9,454