Earnings Per Share

6 Months Ended

Dec. 27, 2020

17. Earnings Per Share

The components of the calculation of earnings per share (“EPS”) are as follows:

	For the Three Months Ended				For the Six Months Ended
	December 27, 2020		December 29, 2019		December 27, 2020		December 29, 2019
Net income	$	7,464	$	409	$	10,896	$	4,121
Basic weighted average shares		18,465		18,499		18,456		18,490
Net potential common share equivalents		267		273		273		255
Diluted weighted average shares		18,732		18,772		18,729		18,745
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		706		362		747		373
Excluded from the calculation of diluted shares:
Unvested stock options that vest upon achievement of certain market conditions		333		—		333		—

The calculation of EPS is based on the weighted average number of Unifi, Inc.’s common shares outstanding for the applicable period. The calculation of diluted EPS presents the effect of all potential dilutive common shares that were outstanding during the respective period, unless the effect of doing so is anti-dilutive.