Leases (Tables)

12 Months Ended

Jun. 27, 2021

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 June 27, 2021 and June 28, 2020:

Classification	Balance Sheet Location	June 27, 2021		June 28, 2020
Lease Assets
Operating lease assets	Operating lease assets	$	8,772	$	8,940
Finance lease assets	Property, plant & equipment, net		16,037		22,012
Total lease assets		$	24,809	$	30,952

Lease Liabilities
Current operating lease liabilities	Current operating lease liabilities	$	1,856	$	1,783
Current finance lease liabilities	Current portion of long-term debt		3,545		3,563
Total current lease liabilities		$	5,401	$	5,346

Non-current operating lease liabilities	Non-current operating lease liabilities	$	7,032	$	7,251
Non-current finance lease liabilities	Long-term debt		4,930		7,818
Total non-current lease liabilities		$	11,962	$	15,069

Total lease liabilities		$	17,363	$	20,415

Schedule of Components of Lease Cost

The following table sets forth the components of UNIFI’s total lease cost for fiscal 2021 and 2020:

	For The Fiscal Year		For The Fiscal Year
Lease Cost	June 27, 2021		June 28, 2020
Operating lease cost	$	2,465	$	2,503
Variable lease cost		503		483
Finance lease cost:
Amortization of lease assets		1,998		2,527
Interest on lease liabilities		365		439
Short-term lease cost		1,007		1,124
Total lease cost	$	6,338	$	7,076

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

The following table presents supplemental information related to leases at June 27, 2021 and June 28, 2020:

	For The Fiscal Year		For The Fiscal Year
Other Information	June 27, 2021		June 28, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used by operating leases	$	2,465	$	2,503
Financing cash flows used by finance leases	$	3,646	$	6,035
Non-cash activities:
Leased assets obtained in exchange for new operating lease liabilities	$	2,606	$	5,525
Leased assets obtained in exchange for new finance lease liabilities	$	740	$	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 June 27, 2021 and June 28, 2020:

Weighted Average Remaining Lease Term and Discount Rate	June 27, 2021			June 28, 2020
Weighted average remaining lease term (years):
Operating leases		5.9			6.6
Finance leases		3.8			4.2
Weighted average discount rate (percentage):
Operating leases		5.1	%		5.0	%
Finance leases		3.6	%		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 June 27, 2021 by fiscal year were:

Maturity of Lease Liabilities	Finance Leases			Operating Leases
Fiscal 2022	$	3,862		$	2,266
Fiscal 2023		1,487			2,003
Fiscal 2024		1,487			1,411
Fiscal 2025		1,334			1,225
Fiscal 2026		846			1,159
Fiscal years thereafter		559			2,305
Total minimum lease payments	$	9,575		$	10,369
Less estimated executory costs		(488	)		—
Less imputed interest		(612	)		(1,481	)
Present value of net minimum lease payments		8,475			8,888
Less current portion of lease obligations		(3,545	)		(1,856	)
Long-term portion of lease obligations	$	4,930		$	7,032

Schedule of Rent Expense

As reported in the 2019 Form 10-K under the previous accounting guidance, rental expenses incurred under operating leases and included in operating income consist of the following:

	For the Fiscal Year Ended
	June 30, 2019
Rental expenses	$	4,915