XML 53 R38.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note 31 - Condensed Consolidating Financial Statements | 9 Months Ended
--- | ---
Mar. 25, 2012
Condensed Consolidating Financial Statements [Text Block] | 31. Condensed Consolidating Financial Statements In accordance with the Indenture governing the Company’s 2014 notes, certain of the Company’s subsidiaries have guaranteed the notes, jointly and severally, on a senior secured basis. The following presents the condensed consolidating financial statements separately for:
| ● | Parent company, the issuer of the guaranteed obligations;
| ● | Guarantor subsidiaries, on a combined basis, as specified in the Indenture;
| ● | Non-guarantor subsidiaries, on a combined basis;
| ● | Consolidating entries and eliminations representing adjustments to (a) eliminate intercompany transactions, (b) eliminate intercompany profit in inventory, (c) eliminate investments in its subsidiaries and (d) record consolidating entries; and
| ● | Parent company, on a consolidated basis.
Each subsidiary guarantor is 100% owned by Unifi, Inc. or its wholly-owned subsidiary, Unifi Manufacturing, Inc. and all guarantees are full and unconditional. The non-guarantor subsidiaries predominantly represent the foreign subsidiaries which do not guarantee the 2014 notes. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements. Supplemental financial information for the Company and its guarantor subsidiaries and non-guarantor subsidiaries for the 2014 notes is presented below. Balance Sheet Information as of March 25, 2012:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
ASSETS |
Cash and cash equivalents | $ | 17,093 |  | $ | (5,037 | ) | $ | 23,764 |  | $ | — |  | $ | 35,820 |
Receivables, net |  | — |  |  | 74,334 |  |  | 26,379 |  |  | — |  |  | 100,713 |
Intercompany accounts receivable |  | 328,812 |  |  | (319,583 | ) |  | 2,779 |  |  | (12,008 | ) |  | — |
Inventories |  | — |  |  | 74,785 |  |  | 37,632 |  |  | — |  |  | 112,417 |
Income taxes receivable |  | — |  |  | — |  |  | 122 |  |  | — |  |  | 122 |
Deferred income taxes |  | 2,841 |  |  | — |  |  | 1,220 |  |  | — |  |  | 4,061 |
Other current assets |  | 116 |  |  | 994 |  |  | 5,266 |  |  | — |  |  | 6,376 |
Total current assets |  | 348,862 |  |  | (174,507 | ) |  | 97,162 |  |  | (12,008 | ) |  | 259,509 |
Property, plant and equipment, net |  | 8,689 |  |  | 101,253 |  |  | 24,581 |  |  | — |  |  | 134,523 |
Deferred income taxes |  | — |  |  | — |  |  | 627 |  |  | — |  |  | 627 |
Intangible assets, net |  | — |  |  | 9,871 |  |  | 493 |  |  | — |  |  | 10,364 |
Investments in unconsolidated affiliates |  | — |  |  | 94,174 |  |  | 3,568 |  |  | 141 |  |  | 97,883 |
Investments in consolidated subsidiaries |  | 438,841 |  |  | — |  |  | — |  |  | (438,841 | ) |  | — |
Intercompany notes receivable |  | — |  |  | — |  |  | 20,098 |  |  | (20,098 | ) |  | — |
Other non-current assets |  | 2,953 |  |  | 3,089 |  |  | 3,964 |  |  | — |  |  | 10,006 |
Total assets | $ | 799,345 |  | $ | 33,880 |  | $ | 150,493 |  | $ | (470,806 | ) | $ | 512,912 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |
Accounts payable | $ | 60 |  | $ | 35,531 |  | $ | 6,998 |  | $ | — |  | $ | 42,589 |
Intercompany accounts payable |  | 343,983 |  |  | (339,277 | ) |  | 7,302 |  |  | (12,008 | ) |  | — |
Accrued expenses |  | 5,713 |  |  | 7,142 |  |  | 2,596 |  |  | — |  |  | 15,451 |
Income taxes payable |  | 18 |  |  | — |  |  | 1,236 |  |  | — |  |  | 1,254 |
Current portion of long-term debt |  | — |  |  | 37 |  |  | — |  |  | — |  |  | 37 |
Total current liabilities |  | 349,774 |  |  | (296,567 | ) |  | 18,132 |  |  | (12,008 | ) |  | 59,331 |
Long-term debt |  | 158,722 |  |  | — |  |  | — |  |  | — |  |  | 158,722 |
Intercompany notes payable |  | — |  |  | — |  |  | 20,098 |  |  | (20,098 | ) |  | — |
Other long-term liabilities |  | 353 |  |  | 2,909 |  |  | 999 |  |  | — |  |  | 4,261 |
Deferred income taxes |  | 2,841 |  |  | — |  |  | 102 |  |  | — |  |  | 2,943 |
Total liabilities |  | 511,690 |  |  | (293,658 | ) |  | 39,331 |  |  | (32,106 | ) |  | 225,257 |
Total Unifi, Inc. shareholders’ equity |  | 286,769 |  |  | 327,538 |  |  | 111,162 |  |  | (438,700 | ) |  | 286,769 |
Non-controlling interest |  | 886 |  |  | — |  |  | — |  |  | — |  |  | 886 |
Total shareholders’ equity |  | 287,655 |  |  | 327,538 |  |  | 111,162 |  |  | (438,700 | ) |  | 287,655 |
Total liabilities and shareholders’ equity | $ | 799,345 |  | $ | 33,880 |  | $ | 150,493 |  | $ | (470,806 | ) | $ | 512,912 |
Balance Sheet Information as of June 26, 2011:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
ASSETS |
Cash and cash equivalents | $ | 1,656 |  | $ | 323 |  | $ | 25,511 |  | $ | — |  | $ | 27,490 |
Receivables, net |  | — |  |  | 69,800 |  |  | 30,015 |  |  | — |  |  | 99,815 |
Intercompany accounts receivable |  | 3 |  |  | 6,755 |  |  | 500 |  |  | (7,258 | ) |  | — |
Inventories |  | — |  |  | 84,193 |  |  | 50,690 |  |  | — |  |  | 134,883 |
Income taxes receivable |  | 419 |  |  | — |  |  | 159 |  |  | — |  |  | 578 |
Deferred income taxes |  | 3,482 |  |  | — |  |  | 2,230 |  |  | — |  |  | 5,712 |
Other current assets |  | 122 |  |  | 588 |  |  | 4,881 |  |  | — |  |  | 5,591 |
Total current assets |  | 5,682 |  |  | 161,659 |  |  | 113,986 |  |  | (7,258 | ) |  | 274,069 |
Property, plant and equipment, net |  | 8,889 |  |  | 114,510 |  |  | 27,628 |  |  | — |  |  | 151,027 |
Intangible assets, net |  | — |  |  | 11,612 |  |  | — |  |  | — |  |  | 11,612 |
Investments in unconsolidated affiliates |  | — |  |  | 82,955 |  |  | 8,303 |  |  | — |  |  | 91,258 |
Investments in consolidated subsidiaries |  | 456,288 |  |  | — |  |  | — |  |  | (456,288 | ) |  | — |
Intercompany notes receivable |  | — |  |  | — |  |  | 16,545 |  |  | (16,545 | ) |  | — |
Other non-current assets |  | 3,619 |  |  | 3,048 |  |  | 2,743 |  |  | — |  |  | 9,410 |
Total assets | $ | 474,478 |  | $ | 373,784 |  | $ | 169,205 |  | $ | (480,091 | ) | $ | 537,376 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |
Accounts payable | $ | 164 |  | $ | 35,207 |  | $ | 7,471 |  | $ | — |  | $ | 42,842 |
Intercompany accounts payable |  | 409 |  |  | — |  |  | 6,849 |  |  | (7,258 | ) |  | — |
Accrued expenses |  | 2,037 |  |  | 11,717 |  |  | 3,741 |  |  | — |  |  | 17,495 |
Income taxes payable |  | — |  |  | — |  |  | 421 |  |  | — |  |  | 421 |
Current portion of long-term debt |  | — |  |  | 342 |  |  | — |  |  | — |  |  | 342 |
Total current liabilities |  | 2,610 |  |  | 47,266 |  |  | 18,482 |  |  | (7,258 | ) |  | 61,100 |
Long-term debt |  | 168,322 |  |  | — |  |  | — |  |  | — |  |  | 168,322 |
Intercompany notes payable |  | — |  |  | — |  |  | 16,545 |  |  | (16,545 | ) |  | — |
Other long-term liabilities |  | 409 |  |  | 2,562 |  |  | 1,036 |  |  | — |  |  | 4,007 |
Deferred income taxes |  | 3,482 |  |  | — |  |  | 810 |  |  | — |  |  | 4,292 |
Total liabilities |  | 174,823 |  |  | 49,828 |  |  | 36,873 |  |  | (23,803 | ) |  | 237,721 |
Shareholders’ equity |  | 299,655 |  |  | 323,956 |  |  | 132,332 |  |  | (456,288 | ) |  | 299,655 |
Total liabilities and shareholders’ equity | $ | 474,478 |  | $ | 373,784 |  | $ | 169,205 |  | $ | (480,091 | ) | $ | 537,376 |
Statement of Operations Information for the Three Months Ended March 25, 2012:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Net sales | $ | — |  | $ | 130,734 |  | $ | 48,748 |  | $ | (445 | ) | $ | 179,037 |
Cost of sales |  | — |  |  | 121,472 |  |  | 44,643 |  |  | (668 | ) |  | 165,447 |
Gross profit |  | — |  |  | 9,262 |  |  | 4,105 |  |  | 223 |  |  | 13,590 |
Equity in subsidiaries |  | (7,346 | ) |  | — |  |  | — |  |  | 7,346 |  |  | — |
Selling, general and administrative expenses |  | — |  |  | 8,468 |  |  | 2,680 |  |  | — |  |  | 11,148 |
Benefit for bad debts |  | — |  |  | (67 | ) |  | (77 | ) |  | — |  |  | (144 | )
Other operating expenses, net |  | (4,301 | ) |  | 4,389 |  |  | 575 |  |  | 6 |  |  | 669 |
Operating income (loss) |  | 11,647 |  |  | (3,528 | ) |  | 927 |  |  | (7,129 | ) |  | 1,917 |
Interest income |  | — |  |  | (79 | ) |  | (693 | ) |  | 201 |  |  | (571 | )
Interest expense |  | 4,184 |  |  | 5 |  |  | 201 |  |  | (201 | ) |  | 4,189 |
Other non-operating income |  | — |  |  | — |  |  | (9 | ) |  | — |  |  | (9 | )
Equity in (earnings) losses of unconsolidated affiliates |  | — |  |  | (9,719 | ) |  | (326 | ) |  | 182 |  |  | (9,863 | )
Income (loss) before income taxes |  | 7,463 |  |  | 6,265 |  |  | 1,754 |  |  | (7,311 | ) |  | 8,171 |
Provision for income taxes |  | 153 |  |  | — |  |  | 708 |  |  | — |  |  | 861 |
Net income (loss) including non-controlling interest | $ | 7,310 |  | $ | 6,265 |  | $ | 1,046 |  | $ | (7,311 | ) | $ | 7,310 |
Less: net (loss) attributable to non-controlling interest |  | (225 | ) |  | — |  |  | (225 | ) |  | 225 |  |  | (225 | )
Net income (loss) attributable to Unifi, Inc. | $ | 7,535 |  | $ | 6,265 |  | $ | 1,271 |  | $ | (7,536 | ) | $ | 7,535 |
Statement of Comprehensive Income (Loss) Information for the Three Months Ended March 25, 2012:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Net income (loss) including non-controlling interest | $ | 7,310 |  | $ | 6,265 |  | $ | 1,046 |  | $ | (7,311 | ) | $ | 7,310 |
Other comprehensive income (loss) (net of tax): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | 2,793 |  |  | — |  |  | 2,793 |  |  | (2,793 | ) |  | 2,793 |
Gain (loss) on cash flow hedges |  | 713 |  |  | 725 |  |  | — |  |  | (725 | ) |  | 713 |
Other comprehensive income (loss) |  | 3,506 |  |  | 725 |  |  | 2,793 |  |  | (3,518 | ) |  | 3,506 |
Comprehensive income (loss) including non-controlling interest | $ | 10,816 |  | $ | 6,990 |  | $ | 3,839 |  | $ | (10,829 | ) | $ | 10,816 |
Less: comprehensive (loss) attributable to non-controlling interest |  | (225 | ) |  | — |  |  | (225 | ) |  | 225 |  |  | (225 | )
Comprehensive income (loss) attributable to Unifi, Inc. | $ | 11,041 |  | $ | 6,990 |  | $ | 4,064 |  | $ | (11,054 | ) | $ | 11,041 |
Statement of Operations Information for the Three Months Ended March 27, 2011:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Net sales | $ | — |  | $ | 126,831 |  | $ | 53,122 |  | $ | (563 | ) | $ | 179,390 |
Cost of sales |  | — |  |  | 119,657 |  |  | 45,008 |  |  | (876 | ) |  | 163,789 |
Gross profit |  | — |  |  | 7,174 |  |  | 8,114 |  |  | 313 |  |  | 15,601 |
Equity in subsidiaries |  | 6,292 |  |  | — |  |  | — |  |  | (6,292 | ) |  | — |
Selling, general and administrative expenses |  | — |  |  | 7,709 |  |  | 3,089 |  |  | — |  |  | 10,798 |
(Benefit) provision for bad debts |  | — |  |  | (357 | ) |  | 398 |  |  | — |  |  | 41 |
Restructuring charges |  | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
Other operating (income) expenses, net |  | (7,244 | ) |  | 7,322 |  |  | 100 |  |  | (20 | ) |  | 158 |
Operating income (loss) |  | 952 |  |  | (7,509 | ) |  | 4,527 |  |  | 6,625 |  |  | 4,595 |
Interest income |  | — |  |  | (63 | ) |  | (670 | ) |  | 149 |  |  | (584 | )
Interest expense |  | 4,873 |  |  | 9 |  |  | 283 |  |  | (149 | ) |  | 5,016 |
Loss on early extinguishment of debt |  | 2,193 |  |  | — |  |  | — |  |  | — |  |  | 2,193 |
Other non-operating expenses |  | 78 |  |  | — |  |  | — |  |  | — |  |  | 78 |
Equity in losses (earnings) of unconsolidated affiliates |  | — |  |  | 2,450 |  |  | (419 | ) |  | 72 |  |  | 2,103 |
(Loss) income before income taxes |  | (6,192 | ) |  | (9,905 | ) |  | 5,333 |  |  | 6,553 |  |  | (4,211 | )
(Benefit) provision for income taxes |  | (2,147 | ) |  | — |  |  | 1,981 |  |  | — |  |  | (166 | )
Net (loss) income including non-controlling interest | $ | (4,045 | ) | $ | (9,905 | ) | $ | 3,352 |  | $ | 6,553 |  | $ | (4,045 | )
Less: net (loss) attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net (loss) income attributable to Unifi, Inc. | $ | (4,045 | ) | $ | (9,905 | ) | $ | 3,352 |  | $ | 6,553 |  | $ | (4,045 | )
Statement of Comprehensive (Loss) Income Information for the Three Months Ended March 27, 2011:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Net (loss) income including non-controlling interest | $ | (4,045 | ) | $ | (9,905 | ) | $ | 3,352 |  | $ | 6,553 |  | $ | (4,045 | )
Other comprehensive income (loss) (net of tax): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | 2,277 |  |  | — |  |  | 2,277 |  |  | (2,277 | ) |  | 2,277 |
Gain on cash flow hedges |  | 1,146 |  |  | 1,403 |  |  | — |  |  | (1,403 | ) |  | 1,146 |
Other comprehensive income (loss) |  | 3,423 |  |  | 1,403 |  |  | 2,277 |  |  | (3,680 | ) |  | 3,423 |
Comprehensive (loss) income including non-controlling interest | $ | (622 | ) | $ | (8,502 | ) | $ | 5,629 |  | $ | 2,873 |  | $ | (622 | )
Less: comprehensive (loss) attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive (loss) income attributable to Unifi, Inc. | $ | (622 | ) | $ | (8,502 | ) | $ | 5,629 |  | $ | 2,873 |  | $ | (622 | )
Statement of Operations Information for the Nine Months Ended March 25, 2012:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Net sales | $ | — |  | $ | 377,704 |  | $ | 140,533 |  | $ | (1,077 | ) | $ | 517,160 |
Cost of sales |  | — |  |  | 354,006 |  |  | 128,521 |  |  | (1,669 | ) |  | 480,858 |
Gross profit |  | — |  |  | 23,698 |  |  | 12,012 |  |  | 592 |  |  | 36,302 |
Equity in subsidiaries |  | (775 | ) |  | — |  |  | — |  |  | 775 |  |  | — |
Selling, general and administrative expenses |  | — |  |  | 24,658 |  |  | 7,847 |  |  | — |  |  | 32,505 |
Provision (benefit) for bad debts |  | — |  |  | 548 |  |  | (130 | ) |  | — |  |  | 418 |
Other operating (income) expenses, net |  | (13,568 | ) |  | 13,581 |  |  | 1,097 |  |  | 8 |  |  | 1,118 |
Operating income (loss) |  | 14,343 |  |  | (15,089 | ) |  | 3,198 |  |  | (191 | ) |  | 2,261 |
Interest income |  | — |  |  | (203 | ) |  | (2,062 | ) |  | 552 |  |  | (1,713 | )
Interest expense |  | 12,758 |  |  | 33 |  |  | 552 |  |  | (552 | ) |  | 12,791 |
Loss on extinguishment of debt |  | 462 |  |  | — |  |  | — |  |  | — |  |  | 462 |
Other non-operating income |  | — |  |  | — |  |  | (1,488 | ) |  | — |  |  | (1,488 | )
Equity in (earnings) losses of unconsolidated affiliates |  | — |  |  | (14,213 | ) |  | (203 | ) |  | 250 |  |  | (14,166 | )
Loss on previously held equity interest |  | — |  |  | — |  |  | 3,656 |  |  | — |  |  | 3,656 |
Income (loss) before income taxes |  | 1,123 |  |  | (706 | ) |  | 2,743 |  |  | (441 | ) |  | 2,719 |
Provision for income taxes |  | 1,344 |  |  | — |  |  | 1,596 |  |  | — |  |  | 2,940 |
Net income (loss) including non-controlling interest | $ | (221 | ) | $ | (706 | ) | $ | 1,147 |  | $ | (441 | ) | $ | (221 | )
Less: net (loss) attributable to non-controlling interest |  | (434 | ) |  | — |  |  | (434 | ) |  | 434 |  |  | (434 | )
Net income (loss) attributable to Unifi, Inc. | $ | 213 |  | $ | (706 | ) | $ | 1,581 |  | $ | (875 | ) | $ | 213 |
Statement of Comprehensive (Loss) Income Information for the Nine Months Ended March 25, 2012:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Net (loss) income including non-controlling interest | $ | (221 | ) | $ | (706 | ) | $ | 1,147 |  | $ | (441 | ) | $ | (221 | )
Other comprehensive (loss) income (net of tax): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | (15,539 | ) |  | — |  |  | (15,539 | ) |  | 15,539 |  |  | (15,539 | )
Gain (loss) on cash flow hedges |  | 710 |  |  | 655 |  |  | — |  |  | (655 | ) |  | 710 |
Other comprehensive (loss) income |  | (14,829 | ) |  | 655 |  |  | (15,539 | ) |  | 14,884 |  |  | (14,829 | )
Comprehensive (loss) income including non-controlling interest | $ | (15,050 | ) | $ | (51 | ) | $ | (14,392 | ) | $ | 14,443 |  | $ | (15,050 | )
Less: comprehensive (loss) attributable to non-controlling interest |  | (434 | ) |  | — |  |  | (434 | ) |  | 434 |  |  | (434 | )
Comprehensive (loss) income attributable to Unifi, Inc. | $ | (14,616 | ) | $ | (51 | ) | $ | (13,958 | ) | $ | 14,009 |  | $ | (14,616 | )
Statement of Operations Information for the Nine Months Ended March 27, 2011:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Net sales | $ | — |  | $ | 363,271 |  | $ | 154,703 |  | $ | (1,353 | ) | $ | 516,621 |
Cost of sales |  | — |  |  | 328,842 |  |  | 133,103 |  |  | (1,961 | ) |  | 459,984 |
Gross profit |  | — |  |  | 34,429 |  |  | 21,600 |  |  | 608 |  |  | 56,637 |
Equity in subsidiaries |  | (10,711 | ) |  | — |  |  | — |  |  | 10,711 |  |  | — |
Selling, general and administrative expenses |  | — |  |  | 23,998 |  |  | 9,471 |  |  | — |  |  | 33,469 |
(Benefit) provision for bad debts |  | — |  |  | (559 | ) |  | 645 |  |  | — |  |  | 86 |
Restructuring charges |  | — |  |  | 1,555 |  |  | — |  |  | — |  |  | 1,555 |
Other operating (income) expenses, net |  | (19,311 | ) |  | 17,238 |  |  | 660 |  |  | 1,830 |  |  | 417 |
Operating income (loss) |  | 30,022 |  |  | (7,803 | ) |  | 10,824 |  |  | (11,933 | ) |  | 21,110 |
Interest income |  | — |  |  | (193 | ) |  | (2,154 | ) |  | 352 |  |  | (1,995 | )
Interest expense |  | 15,147 |  |  | 43 |  |  | 509 |  |  | (352 | ) |  | 15,347 |
Loss on extinguishment of debt |  | 3,337 |  |  | — |  |  | — |  |  | — |  |  | 3,337 |
Other non-operating expenses |  | 528 |  |  | — |  |  | — |  |  | — |  |  | 528 |
Equity in (earnings) losses of unconsolidated affiliates |  | — |  |  | (10,607 | ) |  | (1,614 | ) |  | 334 |  |  | (11,887 | )
Income (loss) before income taxes |  | 11,010 |  |  | 2,954 |  |  | 14,083 |  |  | (12,267 | ) |  | 15,780 |
(Benefit) provision for income taxes |  | (565 | ) |  | — |  |  | 4,770 |  |  | — |  |  | 4,205 |
Net income (loss) including non-controlling interest | $ | 11,575 |  | $ | 2,954 |  | $ | 9,313 |  | $ | (12,267 | ) | $ | 11,575 |
Less: net (loss) attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Unifi, Inc. | $ | 11,575 |  | $ | 2,954 |  | $ | 9,313 |  | $ | (12,267 | ) | $ | 11,575 |
Statement of Comprehensive Income (Loss) Information for the Nine Months Ended March 27, 2011:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Net income (loss) including non-controlling interest | $ | 11,575 |  | $ | 2,954 |  | $ | 9,313 |  | $ | (12,267 | ) | $ | 11,575 |
Other comprehensive income (loss) (net of tax): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | 10,430 |  |  | — |  |  | 10,430 |  |  | (10,430 | ) |  | 10,430 |
Gain (loss) on cash flow hedges |  | 7,873 |  |  | 8,129 |  |  | — |  |  | (8,129 | ) |  | 7,873 |
Other comprehensive income (loss) |  | 18,303 |  |  | 8,129 |  |  | 10,430 |  |  | (18,559 | ) |  | 18,303 |
Comprehensive income (loss) including non-controlling interest | $ | 29,878 |  | $ | 11,083 |  | $ | 19,743 |  | $ | (30,826 | ) | $ | 29,878 |
Less: comprehensive (loss) attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) attributable to Unifi, Inc. | $ | 29,878 |  | $ | 11,083 |  | $ | 19,743 |  | $ | (30,826 | ) | $ | 29,878 |
Statements of Cash Flows Information for Nine Months Ended March 25, 2012:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Operating activities: |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 17,199 |  | $ | (3,733 | ) | $ | 13,788 |  | $ | — |  | $ | 27,254 |
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | (56 | ) |  | (1,421 | ) |  | (3,860 | ) |  | 8 |  |  | (5,329 | )
Investments in unconsolidated affiliates |  | — |  |  | — |  |  | (360 | ) |  | — |  |  | (360 | )
Acquisition, net of cash acquired |  | — |  |  | — |  |  | (356 | ) |  | — |  |  | (356 | )
Proceeds from sale of assets |  | — |  |  | 113 |  |  | 119 |  |  | (8 | ) |  | 224 |
Proceeds from return of split dollar life insurance premiums |  | 14 |  |  | — |  |  | — |  |  | — |  |  | 14 |
Net cash used in investing activities |  | (42 | ) |  | (1,308 | ) |  | (4,457 | ) |  | — |  |  | (5,807 | )
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments of notes payable |  | (10,288 | ) |  | — |  |  | — |  |  | — |  |  | (10,288 | )
Payments on revolving credit facility |  | (95,200 | ) |  | — |  |  | — |  |  | — |  |  | (95,200 | )
Proceeds from borrowings on revolving credit facility |  | 95,600 |  |  | — |  |  | — |  |  | — |  |  | 95,600 |
Debt financing fees |  | (194 | ) |  | — |  |  | — |  |  | — |  |  | (194 | )
Proceeds from stock option exercises |  | 71 |  |  | — |  |  | — |  |  | — |  |  | 71 |
Contributions from non-controlling interest |  | — |  |  | — |  |  | 320 |  |  | — |  |  | 320 |
Dividends paid |  | 8,291 |  |  | — |  |  | (8,291 | ) |  | — |  |  | — |
Other |  | — |  |  | (319 | ) |  | — |  |  | — |  |  | (319 | )
Net cash used in financing activities |  | (1,720 | ) |  | (319 | ) |  | (7,971 | ) |  | — |  |  | (10,010 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | (3,107 | ) |  | — |  |  | (3,107 | )
Net increase (decrease) in cash and cash equivalents |  | 15,437 |  |  | (5,360 | ) |  | (1,747 | ) |  | — |  |  | 8,330 |
Cash and cash equivalents at beginning of the year |  | 1,656 |  |  | 323 |  |  | 25,511 |  |  | — |  |  | 27,490 |
Cash and cash equivalents at end of the period | $ | 17,093 |  | $ | (5,037 | ) | $ | 23,764 |  | $ | — |  | $ | 35,820 |
Statements of Cash Flows Information for Nine Months Ended March 27, 2011:
| Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated |
Operating activities: |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (2,556 | ) | $ | 4,709 |  | $ | (3,678 | ) | $ | 112 |  | $ | (1,413 | )
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (11,935 | ) |  | (5,399 | ) |  | — |  |  | (17,334 | )
Investments in unconsolidated affiliates |  | — |  |  | — |  |  | (707 | ) |  | — |  |  | (707 | )
Return of capital from unconsolidated affiliate |  | — |  |  | — |  |  | 500 |  |  | — |  |  | 500 |
Proceeds from sale of assets |  | — |  |  | 9 |  |  | 180 |  |  | — |  |  | 189 |
Proceeds from return of split dollar life insurance premiums |  | 3,241 |  |  | — |  |  | — |  |  | — |  |  | 3,241 |
Net cash (used in) provided by investing activities |  | 3,241 |  |  | (11,926 | ) |  | (5,426 | ) |  | — |  |  | (14,111 | )
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments of notes payable |  | (47,588 | ) |  | — |  |  | — |  |  | — |  |  | (47,588 | )
Payments on revolving credit facility |  | (105,325 | ) |  | — |  |  | — |  |  | — |  |  | (105,325 | )
Proceeds from borrowings on revolving credit facility |  | 143,125 |  |  | — |  |  | — |  |  | — |  |  | 143,125 |
Proceeds from stock option exercises |  | 118 |  |  | — |  |  | — |  |  | — |  |  | 118 |
Dividends paid |  | — |  |  | 5,909 |  |  | (5,909 | ) |  | — |  |  | — |
Purchase and retirement of Company stock |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
Debt financing fees |  | (825 | ) |  | — |  |  | — |  |  | — |  |  | (825 | )
Other |  | — |  |  | (364 | ) |  | — |  |  | — |  |  | (364 | )
Net cash (used in) provided by financing activities |  | (10,497 | ) |  | 5,545 |  |  | (5,909 | ) |  | — |  |  | (10,861 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | 2,948 |  |  | (112 | ) |  | 2,836 |
Net decrease in cash and cash equivalents |  | (9,812 | ) |  | (1,672 | ) |  | (12,065 | ) |  | — |  |  | (23,549 | )
Cash and cash equivalents at beginning of the year |  | 9,938 |  |  | 1,832 |  |  | 30,921 |  |  | — |  |  | 42,691 |
Cash and cash equivalents at end of the period | $ | 126 |  | $ | 160 |  | $ | 18,856 |  | $ | — |  | $ | 19,142 |

X
- Definition In accordance with the Indenture governing the Company’s 2014 notes, certain of the Company’s subsidiaries have guaranteed the notes, jointly and severally, on a senior secured basis. The disclosure presents the condensed consolidating financial statements separately for: the Parent company, the Guarantor subsidiaries on a combined basis, the Non-guarantor subsidiaries on a combined basis, the Consolidating entries and eliminations and the Parent company on a consolidated basis. + References No definition available. + Details
Name: | ufi_CondensedConsolidatingFinancialStatementsTextBlock
Namespace Prefix: | ufi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration