Leases (Tables)

12 Months Ended

Jul. 03, 2022

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:

Classification	Balance Sheet Location	July 3, 2022		June 27, 2021
Lease Assets
Operating lease assets	Operating lease assets	$	8,829	$	8,772
Finance lease assets	Property, plant & equipment, net		7,017		16,037
Total lease assets		$	15,846	$	24,809

Lease Liabilities
Current operating lease liabilities	Current operating lease liabilities	$	2,190	$	1,856
Current finance lease liabilities	Current portion of long-term debt		1,726		3,545
Total current lease liabilities		$	3,916	$	5,401

Non-current operating lease liabilities	Non-current operating lease liabilities	$	6,736	$	7,032
Non-current finance lease liabilities	Long-term debt		5,535		4,930
Total non-current lease liabilities		$	12,271	$	11,962

Total lease liabilities		$	16,187	$	17,363

Schedule of Components of Lease Cost

The following table sets forth the components of UNIFI’s total lease cost for fiscal 2022 and 2021:

	For The Fiscal Year		For The Fiscal Year
Lease Cost	July 3, 2022		June 27, 2021
Operating lease cost	$	2,766	$	2,465
Variable lease cost		502		503
Finance lease cost:
Amortization of lease assets		1,981		1,998
Interest on lease liabilities		258		365
Short-term lease cost		967		1,007
Total lease cost	$	6,474	$	6,338

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

The following table presents supplemental information related to leases:

	For The Fiscal Year		For The Fiscal Year
Other Information	July 3, 2022		June 27, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used by operating leases	$	2,766	$	2,465
Financing cash flows used by finance leases	$	3,707	$	3,646
Non-cash activities:
Leased assets obtained in exchange for new operating lease liabilities	$	1,662	$	2,606
Leased assets obtained in exchange for new finance lease liabilities	$	2,493	$	740

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:

Weighted Average Remaining Lease Term and Discount Rate	July 3, 2022			June 27, 2021
Weighted average remaining lease term (years):
Operating leases		4.1			5.9
Finance leases		4.2			3.8
Weighted average discount rate (percentage):
Operating leases		5.0	%		5.1	%
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 July 3, 2022 by fiscal year were:

Maturity of Lease Liabilities	Finance Leases			Operating Leases
Fiscal 2023	$	2,032		$	2,595
Fiscal 2024		2,032			2,004
Fiscal 2025		1,880			1,498
Fiscal 2026		1,385			1,201
Fiscal 2027		821			971
Fiscal years thereafter		100			1,788
Total minimum lease payments	$	8,250		$	10,057
Less estimated executory costs		(413	)		—
Less imputed interest		(576	)		(1,131	)
Present value of net minimum lease payments		7,261			8,926
Less current portion of lease obligations		(1,726	)		(2,190	)
Long-term portion of lease obligations	$	5,535		$	6,736