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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Dec. 30, 2018
Sep. 30, 2018
Jun. 24, 2018
Mar. 25, 2018
Dec. 24, 2017
Sep. 24, 2017
Jun. 30, 2019
Jun. 24, 2018
Jun. 25, 2017
Income Statement [Abstract]                      
Net sales $ 179,493 [1] $ 179,989 [1] $ 167,711 [1] $ 181,611 [1] $ 181,325 $ 165,867 $ 167,478 $ 164,242 $ 708,804 $ 678,912 $ 647,270
Cost of sales                 642,496 592,484 553,106
Gross profit 18,342 [2] 13,791 [2] 14,156 [2] 20,019 [2] 23,904 [3] 16,556 [3] 22,676 [3] 23,292 [3] 66,308 86,428 94,164
Selling, general and administrative expenses                 52,690 56,077 50,829
Provision (benefit) for bad debts                 308 (38) (123)
Other operating expense (income), net                 2,350 1,590 (310)
Operating income                 10,960 28,799 43,768
Interest income                 (628) (560) (517)
Interest expense                 5,414 4,935 3,578
Loss on extinguishment of debt                 131    
Loss on sale of business                     1,662
Equity in earnings of unconsolidated affiliates                 (3,968) (5,787) (4,230)
Income before income taxes                 10,011 30,211 43,275
Provision (benefit) for income taxes                 7,555 (1,491) 10,898
Net income including non-controlling interest                 2,456 31,702 32,377
Less: net loss attributable to non-controlling interest                     (498)
Net income attributable to Unifi, Inc. $ 1,002 [4] $ (1,529) [4] $ 1,171 [4] $ 1,812 [4] $ 10,764 [5] $ 176 [5] $ 11,802 [5] $ 8,960 [5] $ 2,456 $ 31,702 $ 32,875
Net income attributable to Unifi, Inc. per common share:                      
Basic $ 0.05 [6] $ (0.08) [6] $ 0.06 [6] $ 0.10 [6] $ 0.59 [6] $ 0.01 [6] $ 0.65 [6] $ 0.49 [6] $ 0.13 $ 1.73 $ 1.81
Diluted $ 0.05 [6] $ (0.08) [6] $ 0.06 [6] $ 0.10 [6] $ 0.58 [6] $ 0.01 [6] $ 0.63 [6] $ 0.48 [6] $ 0.13 $ 1.70 $ 1.78
[1] The fiscal quarter ended September 30, 2018 is comprised of fourteen weeks.
[2] Gross profit for the fiscal quarter ended December 30, 2018 includes the adverse impact of a raw material cost spike that could not be effectively offset with timely corresponding selling price increases. Gross profit for the fiscal quarters ended December 30, 2018, March 31, 2019 and June 30, 2019 includes the adverse impact of significant competitive pressure caused by elevated levels of polyester textured yarn imports.
[3] Gross profit for the fiscal quarter ended March 25, 2018 includes the adverse impact of sustained raw material cost increases that could not be effectively offset with timely corresponding selling price increases.
[4] Net income for the fiscal quarter ended June 30, 2019 includes severance charges for involuntary terminations.
[5] Net income for the fiscal quarter ended June 24, 2018 includes the reversal of a $3,380 uncertain tax position relating to certain income applicable to fiscal 2015. Net income for the fiscal quarter ended December 24, 2017 includes the reversal of a $3,807 valuation allowance on certain historical NOLs.
[6] Income per share is computed independently for each of the periods presented. The sum of the income per share amounts for the fiscal quarters may not equal the total for the fiscal year.