Stock-Based Compensation (Tables)

12 Months Ended

Jun. 27, 2021

Summary of Number of Securities Remaining Available for Future Issuance

The following table provides information as of June 27, 2021 with respect to the number of securities remaining available for future issuance under the 2020 Plan:

Authorized under the 2020 Plan	850
Plus: Awards expired, forfeited or otherwise terminated unexercised	—
Less: Awards granted to employees	(75	)
Less: Awards granted to non-employee directors	(4	)
Available for issuance under the 2020 Plan	771

Stock Option Valuation Assumptions

The Black-Scholes model used the following weighted average assumptions for the above awards:

	For the Fiscal Year Ended
	June 27, 2021			June 28, 2020			June 30, 2019
Expected term (years)		5.5			5.5			5.5
Risk-free interest rate		0.4	%		0.7	%		2.9	%
Volatility		49.0	%		43.2	%		32.6	%
Dividend yield		—			—			—

Summary of Stock Option Activity

A summary of stock option activity for fiscal 2021 is as follows:

	Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at June 28, 2020		1,003		$	17.29
Granted		155		$	15.64
Exercised		(11	)	$	11.84
Cancelled or forfeited		(31	)	$	27.00
Expired		(2	)	$	27.38
Outstanding at June 27, 2021		1,114		$	16.82		7.9	$	9,644
Vested and expected to vest as of June 27, 2021		1,114		$	16.82		7.9	$	9,644
Exercisable at June 27, 2021		433		$	21.88		6.4	$	2,025

Summary of RSU and VSU Activity

A summary of RSU and VSU activity for fiscal 2021 is as follows:

	Non-vested			Weighted Average Grant Date Fair Value		Vested			Total			Weighted Average Grant Date Fair Value
Outstanding at June 28, 2020		142		$	20.31		219			361		$	23.08
Granted		110		$	15.74		—			110		$	15.74
Vested		(86	)	$	22.14		86			—		$	22.14
Converted		—		$	—		(64	)		(64	)	$	24.46
Cancelled or forfeited		(4	)	$	26.82		—			(4	)	$	26.82
Outstanding at June 27, 2021		162		$	16.75		241			403		$	20.82

Stock Based Compensation Total Cost Charged Against Income

The total cost charged against income related to all stock-based compensation arrangements was as follows:

	For the Fiscal Year Ended
	June 27, 2021		June 28, 2020		June 30, 2019
Stock options	$	1,047	$	1,265	$	671
RSUs and VSUs		2,015		2,245		1,977
Total compensation cost	$	3,062	$	3,510	$	2,648

Black-Scholes Model [Member]

Stock Option Valuation Assumptions

A summary of UNIFI’s stock options granted to key employees and valued under the Black-Scholes model is as follows:

	For the Fiscal Year Ended
	June 27, 2021		June 28, 2020		June 30, 2019
Quantity		155		143		190
Service Period (years)		3.0		3.0		3.0
Weighted Average Exercise Price	$	15.64	$	19.95	$	23.73
Weighted Average Grant Date Fair Value	$	6.75	$	7.33	$	8.42