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Note 18 - Computation of Earnings Per Share
 3 Months Ended
Sep. 29, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

18. Computation of Earnings Per Share


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


   

For the Three Months Ended

 
   

September 29, 2013

   

September 23, 2012

 

Basic EPS

               

Net income attributable to Unifi, Inc.

  $ 8,870     $ 2,294  

Weighted average common shares outstanding

    19,264       20,091  

Basic EPS

  $ 0.46     $ 0.11  
                 

Diluted EPS

               

Net income attributable to Unifi, Inc.

  $ 8,870     $ 2,294  
                 

Weighted average common shares outstanding

    19,264       20,091  

Net potential common share equivalents – stock options and RSUs

    900       462  

Adjusted weighted average common shares outstanding

    20,164       20,553  

Diluted EPS

  $ 0.44     $ 0.11  
                 

Excluded from the calculation of common share equivalents:

               

Anti-dilutive common share equivalents

    86       272  
                 

Excluded from the calculation of diluted shares:

               

Unvested options that vest upon achievement of certain market conditions

    27       567  

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.