Earnings Per Share

9 Months Ended

Mar. 28, 2021

17. Earnings Per Share

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

	For the Three Months Ended					For the Nine Months Ended
	March 28, 2021		March 29, 2020			March 28, 2021		March 29, 2020
Net income (loss)	$	4,758	$	(41,111	)	$	15,654	$	(36,990	)
Basic weighted average shares		18,485		18,475			18,465		18,485
Net potential common share equivalents		482		—			331		—
Diluted weighted average shares		18,967		18,475			18,796		18,485
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		287		403			557		371
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.