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Note 19 - Computation of Earnings Per Share
 3 Months Ended
Sep. 23, 2012
Earnings Per Share [Text Block]

19. Computation of Earnings Per Share


The computation of basic and diluted earnings per share (“EPS”) was as follows:


For the Three Months Ended

 

September 23, 2012

September 25, 2011

Basic EPS

               

Net income attributable to Unifi, Inc.

  $ 2,294   $ 286
                 

Weighted average common shares outstanding

    20,091     20,086

Basic EPS

  $ 0.11   $ 0.01
                 

Diluted EPS

               

Net income attributable to Unifi, Inc.

  $ 2,294   $ 286
                 

Weighted average common shares outstanding

    20,091     20,086

Net potential common share equivalents – stock options and RSUs

    462     345

Adjusted weighted average common shares outstanding

    20,553     20,431

Diluted EPS

  $ 0.11   $ 0.01
                 

Excluded from the calculation of common share equivalents:

               

Anti-dilutive common share equivalents

    272     406
                 

Excluded from the calculation of diluted shares:

               

Unvested options that vest upon achievement of certain market conditions

    567     577

The calculation of earnings per common share is based on the weighted average number of the Company's common shares outstanding for the applicable period. The calculation of diluted earnings per common share presents the effect of all potential dilutive common shares that were outstanding during the respective period, unless the effect of doing so is anti-dilutive. Common share equivalents where the exercise price is above the average market price are excluded in the calculation of diluted earnings per common share.