Stock-Based Compensation (Tables)

12 Months Ended

Jul. 03, 2022

Summary of Number of Securities Remaining Available for Future Issuance

The following table provides information as of July 3, 2022 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	1
Less: Awards granted to employees	(209	)
Less: Awards granted to non-employee directors	(41	)
Available for issuance under the 2020 Plan	601

Stock Option Valuation Assumptions

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

	For the Fiscal Year Ended
	July 3, 2022		June 27, 2021			June 28, 2020
Expected term (years)		—		5.5			5.5
Risk-free interest rate		—		0.4	%		0.7	%
Volatility		—		49.0	%		43.2	%
Dividend yield		—		—			—

Summary of Stock Option Activity

A summary of stock option activity for fiscal 2022 is as follows:

	Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at June 27, 2021		1,114		$	16.82
Granted		—		$	—
Exercised		(10	)	$	11.09
Cancelled or forfeited		(122	)	$	25.45
Expired		—		$	—
Outstanding at July 3, 2022		982		$	15.81		7.2	$	1,296
Vested and expected to vest as of July 3, 2022		982		$	15.81		7.2	$	1,296
Exercisable at July 3, 2022		380		$	20.15		6.1	$	285

Summary of RSU, VSU and PSU Activity

A summary of RSU, VSU and PSU activity for fiscal 2022 is as follows:

	Non-vested			Weighted Average Grant Date Fair Value		Vested			Total			Weighted Average Grant Date Fair Value
Outstanding at June 27, 2021		162		$	16.75		241			403		$	20.82
Granted		166		$	23.12		—			166		$	23.12
Vested		(92	)	$	18.78		92			—		$	18.78
Converted		—		$	—		(88	)		(88	)	$	19.80
Cancelled or forfeited		(2	)	$	20.39		—			(2	)	$	20.39
Outstanding at July 3, 2022		234		$	20.38		245			479		$	21.80

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
	July 3, 2022		June 27, 2021		June 28, 2020
Stock options	$	928	$	1,047	$	1,265
RSUs and VSUs		2,253		2,015		2,245
Total compensation cost	$	3,181	$	3,062	$	3,510

Black Scholes Model

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
	July 3, 2022		June 27, 2021		June 28, 2020
Quantity		—		155		143
Service Period (years)		—		3.0		3.0
Weighted Average Exercise Price	$	—	$	15.64	$	19.95
Weighted Average Grant Date Fair Value	$	—	$	6.75	$	7.33