Leases (Tables)

6 Months Ended

Dec. 29, 2019

Leases [Abstract]

Schedule of Balance Sheet Location and Values of Company's Lease Assets and Lease Liabilities

The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities at December 29, 2019:

Classification	Balance Sheet Location	December 29, 2019
Lease Assets
Operating lease assets	Operating lease assets	$	6,606
Finance lease assets	Property, plant & equipment, net		25,733
Total lease assets		$	32,339
Lease Liabilities
Current operating lease liabilities	Current operating lease liabilities	$	1,734
Current finance lease liabilities	Current portion of long-term debt		4,760
Total current lease liabilities		$	6,494
Non-current operating lease liabilities	Non-current operating lease liabilities	$	4,980
Non-current finance lease liabilities	Long-term debt		9,572
Total non-current lease liabilities		$	14,552
Total lease liabilities		$	21,046

Schedule of Components of Lease Cost

The following table sets forth the components of UNIFI’s total lease cost for the three months and six months ended December 29, 2019:

	For the Three		For the Six
	Months Ended		Months Ended
Lease Cost	December 29, 2019		December 29, 2019
Operating lease cost	$	741	$	1,594
Variable lease cost		107		197
Finance lease cost:
Amortization of lease assets		678		1,205
Interest on lease liabilities		101		201
Short-term lease cost		206		547
Total lease cost	$	1,833	$	3,744

Schedule of Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases

The following table presents supplemental information related to leases at December 29, 2019:

	For the Six
	Months Ended
Other Information	December 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used by operating leases	$	1,594
Financing cash flows used by finance leases	$	3,085
Non-cash activities:
Leased assets obtained in exchange for new operating lease liabilities	$	85
Leased assets obtained in exchange for new finance lease liabilities	$	6,301

Schedule of Weighted-Average Remaining Lease Term and Discount Rate for Operating Leases and Finance Leases

The following table sets forth UNIFI's weighted average remaining lease term in years and discount rate percentage used in the calculation of its outstanding lease liabilities as of December 29, 2019:

Weighted Average Remaining Lease Term and Discount Rate	December 29, 2019
Weighted average remaining lease term (years):
Operating leases		4.5
Finance leases		4.3
Weighted average discount rate (percentage):
Operating leases		3.9	%
Finance leases		3.6	%

Schedule of Future Minimum Lease Payments for Finance Leases and Operating Leases

Future minimum finance lease payments and future minimum payments under non-cancelable operating leases with initial lease terms in excess of one year under Topic 842 as of December 29, 2019 by fiscal year were:

Maturity of Lease Liabilities	Finance Leases			Operating Leases
Fiscal 2020	$	3,226		$	1,016
Fiscal 2021		3,989			1,870
Fiscal 2022		3,684			1,418
Fiscal 2023		1,260			1,252
Fiscal 2024		1,307			1,115
Fiscal years thereafter		2,625			688
Total minimum lease payments	$	16,091		$	7,359
Less estimated executory costs		(607	)		—
Less imputed interest		(1,152	)		(645	)
Present value of net minimum lease payments		14,332			6,714
Less current portion of lease obligations		(4,760	)		(1,734	)
Long-term portion of lease obligations	$	9,572		$	4,980

Schedule of Future Minimum Capital Lease Payments and Future Minimum Lease Payments Under Non-Cancelable Operating Leases

As reported in the 2019 Form 10-K under the previous accounting guidance, future minimum capital lease payments and future minimum lease payments under non-cancelable operating leases with initial lease terms in excess of one year as of June 30, 2019 by fiscal year were:

	Capital Leases			Operating Leases
Fiscal 2020	$	5,917		$	3,164
Fiscal 2021		2,870			2,731
Fiscal 2022		2,565			1,492
Fiscal 2023		189			878
Fiscal 2024		189			755
Fiscal years thereafter		675			309
Total minimum lease payments	$	12,405		$	9,329
Less estimated executory costs		(644	)
Less interest		(643	)
Present value of net minimum capital lease payments		11,118
Less current portion of capital lease obligations		(5,519	)
Long-term portion of capital lease obligations	$	5,599

Schedule of Rent Expense

Rental expenses incurred under the operating leases and included in operating income consist of the following:

	For the Fiscal Year Ended
	June 30, 2019		June 24, 2018		June 25, 2017
Rental expenses	$	4,915	$	4,835	$	4,357