XML 101 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note 29 - Quarterly Results (Unaudited) | 12 Months Ended
--- | ---
Jun. 24, 2012
Quarterly Financial Information [Text Block] | 29. Quarterly Results (Unaudited) Quarterly financial data is as follows:
|  | For the Quarters Ended |
|  | September 25, 2011 |  |  | December 25, 2011 |  |  | March 25, 2012 |  |  | June 24, 2012 |
Net sales |  | $ | 171,013 |  |  | $ | 167,110 |  |  | $ | 179,037 |  |  | $ | 187,926 |
Gross profit |  |  | 11,830 |  |  |  | 10,882 |  |  |  | 13,590 |  |  |  | 18,094 |
Net income (loss) including non-controlling interest |  |  | 286 |  |  |  | (7,817 | ) |  |  | 7,310 |  |  |  | 11,049 |
Less: net (loss) attributable to non-controlling interest |  |  | - |  |  |  | (209 | ) |  |  | (225 | ) |  |  | (229 | )
Net income (loss) attributable to Unifi, Inc. |  | $ | 286 |  |  | $ | (7,608 | ) |  | $ | 7,535 |  |  | $ | 11,278 |
Net income (loss) attributable to Unifi, Inc. per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (1) |  | $ | 0.01 |  |  | $ | (0.38 | ) |  | $ | 0.38 |  |  | $ | 0.56 |
Diluted (1) |  | $ | 0.01 |  |  | $ | (0.38 | ) |  | $ | 0.37 |  |  | $ | 0.55 |
Selected highlights for the Company’s quarterly results are as follows:
| · | For the quarter ended December 25, 2011, the Company acquired an additional 20% membership interest in Renewables. As a result of remeasuring its existing interest to fair value, the Company recorded a $3,656 write-down for its previously held equity interest in Renewables,
| · | For the quarter ended June 24, 2012 net income was negatively impacted by a $2,741 charge related to the early extinguishment of debt incurred as a result of the Company’s May 2012 debt refinancing and subsequent prepayments, and
| · | For the quarter ended June 24, 2012, the Company released previously recorded valuation allowances against certain of its domestic deferred tax assets resulting in a $6,017 benefit recorded to income tax expense.
|  | For the Quarters Ended |
|  | September 26, 2010 |  |  | December 26, 2010 |  |  | March 27, 2011 |  |  | June 26, 2011 |
Net sales |  | $ | 175,092 |  |  | $ | 162,139 |  |  | $ | 179,390 |  |  | $ | 196,191 |
Gross profit |  |  | 21,546 |  |  |  | 19,490 |  |  |  | 15,601 |  |  |  | 18,015 |
Net income (loss) |  |  | 10,235 |  |  |  | 5,385 |  |  |  | (4,045 | ) |  |  | 13,514 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (1) |  | $ | 0.51 |  |  | $ | 0.27 |  |  | $ | (0.20 | ) |  | $ | 0.67 |
Diluted (1) |  | $ | 0.50 |  |  | $ | 0.26 |  |  | $ | (0.20 | ) |  | $ | 0.66 |
| (1) | Income per share is computed independently for each of the periods presented. The sum of the income per share amounts for the quarters may not equal the total for the year.

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration