Other Non-Current Assets (Tables)

12 Months Ended

Jul. 03, 2022

Schedule of Other Non-Current Assets

Other non-current assets consists of the following:

	July 3, 2022		June 27, 2021
Intangible assets, net	$	2,500	$	3,978
Grantor trust		2,196		—
Investments in unconsolidated affiliates		2,072		2,159
Recovery of non-income taxes, net		—		8,063
Other		2,020		425
Total other non-current assets	$	8,788	$	14,625

Components of Intangible Assets, Net

Intangible assets, net consists of the following:

	July 3, 2022			June 27, 2021
Customer lists	$	5,220		$	5,220
Non-compete agreement		1,875			1,875
Trademarks		104			411
Total intangible assets, gross		7,199			7,506
Accumulated amortization – customer lists		(3,056	)		(2,049	)
Accumulated amortization – non-compete agreement		(1,563	)		(1,188	)
Accumulated amortization – trademarks		(80	)		(291	)
Total accumulated amortization		(4,699	)		(3,528	)
Total intangible assets, net	$	2,500		$	3,978

Amortization Expense for Intangible Assets

Amortization expense for intangible assets consists of the following:

	For the Fiscal Year Ended
	July 3, 2022		June 27, 2021		June 28, 2020
Customer lists	$	1,007	$	556	$	326
Non-compete agreement		375		375		375
Trademarks		96		147		154
Total amortization expense	$	1,478	$	1,078	$	855

Expected Intangible Asset Amortization

The following table presents the expected intangible asset amortization for the next five fiscal years:

	Fiscal 2023		Fiscal 2024		Fiscal 2025		Fiscal 2026		Fiscal 2027		Thereafter
Expected amortization	$	1,291	$	528	$	108	$	108	$	108	$	357

Schedule of Raw Material Purchases under Supply Agreement

UNIFI’s raw material purchases under this supply agreement consist of the following:

	For the Fiscal Year Ended
	July 3, 2022		June 27, 2021		June 28, 2020
UNFA	$	29,637	$	18,932	$	14,583
UNF		1,175		548		1,450
Total	$	30,812	$	19,480	$	16,033

Schedule of Unaudited, Condensed Balance Sheet Information for Unconsolidated Affiliates

Condensed balance sheet and income statement information for UNFs (including reciprocal balances) is presented in the following tables. Fiscal 2020 PAL Investment income statement activity is reported for the ten months of fiscal 2020 ownership ending April 29, 2020.

	July 3, 2022		June 27, 2021
Current assets	$	10,705	$	7,931
Non-current assets		605		659
Current liabilities		8,056		3,967
Non-current liabilities		—		—
Shareholders’ equity and capital accounts		3,254		4,623
UNIFI’s portion of undistributed earnings		2,013		2,100

Income Statement Information [Member]

Schedule of Unaudited, Condensed Income Statement Information for Unconsolidated Affiliates

	July 3, 2022		June 27, 2021
Net sales	$	31,745	$	19,649
Gross profit		1,928		3,423
Income from operations		148		1,777
Net income		127		1,782
Depreciation and amortization		121		151
Distributions received		750		750

	For the Fiscal Year Ended June 28, 2020
	PAL			UNFs		Total
Net sales	$	544,006		$	17,068	$	561,074
Gross profit		7,592			2,056		9,648
(Loss) income from operations		(7,484	)		410		(7,074	)
Net (loss) income		(2,823	)		497		(2,326	)
Depreciation and amortization		33,455			135		33,590
Cash received by PAL under cotton rebate program		11,186			—		11,186
Earnings recognized by PAL for cotton rebate program		9,697			—		9,697
Distributions received		10,437			—		10,437