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Earnings Per Share
3 Months Ended
Sep. 26, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

18.  Earnings Per Share

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

 

 

 

For the Three Months Ended

 

 

 

September 26, 2021

 

 

September 27, 2020

 

Net income

 

$

8,680

 

 

$

3,432

 

Basic weighted average shares

 

 

18,515

 

 

 

18,447

 

Net potential common share equivalents

 

 

482

 

 

 

251

 

Diluted weighted average shares

 

 

18,997

 

 

 

18,698

 

Excluded from the calculation of common share equivalents:

 

 

 

 

 

 

 

 

Anti-dilutive common share equivalents

 

 

287

 

 

 

546

 

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.