Computation of Earnings Per Share

12 Months Ended

Jul. 03, 2022

Earnings Per Share [Abstract]

Computation of Earnings Per Share

20. Computation of Earnings Per Share

The computation of basic and diluted earnings per share (“EPS”) is as follows:

	For the Fiscal Year Ended
	July 3, 2022		June 27, 2021		June 28, 2020
Basic EPS
Net income (loss)	$	15,171	$	29,073	$	(57,237	)
Weighted average common shares outstanding		18,429		18,472		18,475
Basic EPS	$	0.82	$	1.57	$	(3.10	)
Diluted EPS
Net income (loss)	$	15,171	$	29,073	$	(57,237	)
Weighted average common shares outstanding		18,429		18,472		18,475
Net potential common share equivalents		439		384		—
Adjusted weighted average common shares outstanding		18,868		18,856		18,475
Diluted EPS	$	0.80	$	1.54	$	(3.10	)
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		225		497		401
Excluded from the calculation of diluted shares:
Unvested stock options that vest upon achievement of certain    market conditions		333		333		333

The calculation of earnings per common share is based on the weighted average number of UNIFI’s common shares outstanding for the applicable period.  The calculation of diluted earnings per common share 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.