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Other Long-Term Liabilities
12 Months Ended
Jun. 30, 2019
Other Liabilities Disclosure [Abstract]  
Other Long-Term Liabilities

14. Other Long-Term Liabilities

Other long-term liabilities consists of the following:

 

 

 

June 30, 2019

 

 

June 24, 2018

 

Supplemental post-employment plan

 

$

2,695

 

 

$

3,045

 

Uncertain tax positions

 

 

1,043

 

 

 

131

 

Interest rate swaps

 

 

647

 

 

 

 

Other

 

 

1,800

 

 

 

2,161

 

Total other long-term liabilities

 

$

6,185

 

 

$

5,337

 

 

UNIFI maintains an unfunded supplemental post-employment plan for certain management employees.  Each employee’s account is credited annually based upon a percentage of the participant’s base salary, with each participant’s balance adjusted quarterly to reflect the returns of a money market fund.  Amounts are paid to participants six months after termination of employment.

On January 5, 2017, February 24, 2017 and June 1, 2017, UNIFI entered into Swap A, Swap B and Swap C. The combined designated hedges fix LIBOR at approximately 1.9% for $75,000 of variable rate borrowings through May 24, 2022. In accordance with hedge accounting, each swap is reflected on the accompanying consolidated balance sheets at fair value with a corresponding balance in accumulated other comprehensive loss, and impacts earnings commensurate with the forecasted transaction. As of June 30, 2019, the associated fair value of the swaps are reflected in other long-term liabilities.

Other primarily includes certain retiree and post-employment medical and disability liabilities, deferred revenue and deferred energy incentive credits.