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v3.19.2

Business Segment Information (Tables) | 12 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Selected Financial Information for Polyester, Nylon, International and Other Segments | Selected financial information is presented below:
|  | For the Fiscal Year Ended June 30, 2019 |
|  | Polyester |  |  | Nylon |  |  | Brazil |  |  | Asia |  |  | All Other |  |  | Total |
Net sales |  | $ | 370,770 |  |  | $ | 98,127 |  |  | $ | 102,877 |  |  | $ | 132,866 |  |  | $ | 4,164 |  |  | $ | 708,804 |
Cost of sales |  |  | 346,951 |  |  |  | 90,231 |  |  |  | 84,298 |  |  |  | 117,166 |  |  |  | 3,850 |  |  |  | 642,496 |
Gross profit |  |  | 23,819 |  |  |  | 7,896 |  |  |  | 18,579 |  |  |  | 15,700 |  |  |  | 314 |  |  |  | 66,308 |
Segment depreciation expense |  |  | 16,068 |  |  |  | 2,083 |  |  |  | 1,537 |  |  |  | — |  |  |  | 229 |  |  |  | 19,917 |
Segment Profit |  | $ | 39,887 |  |  | $ | 9,979 |  |  | $ | 20,116 |  |  | $ | 15,700 |  |  | $ | 543 |  |  | $ | 86,225 |
|  | For the Fiscal Year Ended June 24, 2018 |
|  | Polyester |  |  | Nylon |  |  | Brazil |  |  | Asia |  |  | All Other |  |  | Total |
Net sales |  | $ | 364,169 |  |  | $ | 102,639 |  |  | $ | 110,587 |  |  | $ | 97,297 |  |  | $ | 4,220 |  |  | $ | 678,912 |
Cost of sales |  |  | 330,975 |  |  |  | 92,155 |  |  |  | 84,726 |  |  |  | 80,677 |  |  |  | 3,951 |  |  |  | 592,484 |
Gross profit |  |  | 33,194 |  |  |  | 10,484 |  |  |  | 25,861 |  |  |  | 16,620 |  |  |  | 269 |  |  |  | 86,428 |
Segment depreciation expense |  |  | 15,893 |  |  |  | 2,197 |  |  |  | 1,648 |  |  |  | — |  |  |  | 256 |  |  |  | 19,994 |
Segment Profit |  | $ | 49,087 |  |  | $ | 12,681 |  |  | $ | 27,509 |  |  | $ | 16,620 |  |  | $ | 525 |  |  | $ | 106,422 |
|  | For the Fiscal Year Ended June 25, 2017 |
|  | Polyester |  |  | Nylon |  |  | Brazil |  |  | Asia |  |  | All Other |  |  | Total |
Net sales |  | $ | 355,740 |  |  | $ | 112,704 |  |  | $ | 109,079 |  |  | $ | 64,607 |  |  | $ | 5,140 |  |  | $ | 647,270 |
Cost of sales |  |  | 315,655 |  |  |  | 100,633 |  |  |  | 82,463 |  |  |  | 48,624 |  |  |  | 5,731 |  |  |  | 553,106 |
Gross profit (loss) |  |  | 40,085 |  |  |  | 12,071 |  |  |  | 26,616 |  |  |  | 15,983 |  |  |  | (591 | ) |  |  | 94,164 |
Segment depreciation expense |  |  | 13,921 |  |  |  | 2,125 |  |  |  | 1,119 |  |  |  | — |  |  |  | 638 |  |  |  | 17,803 |
Segment Profit |  | $ | 54,006 |  |  | $ | 14,196 |  |  | $ | 27,735 |  |  | $ | 15,983 |  |  | $ | 47 |  |  | $ | 111,967 |
Reconciliations of Segment Gross Profit (Loss) to Consolidated Income Before Income Taxes | The reconciliations of segment gross profit (loss) to consolidated income before income taxes are as follows:
|  | For the Fiscal Year Ended |
|  | June 30, 2019 |  |  | June 24, 2018 |  |  | June 25, 2017 |
Polyester |  | $ | 23,819 |  |  | $ | 33,194 |  |  | $ | 40,085 |
Nylon |  |  | 7,896 |  |  |  | 10,484 |  |  |  | 12,071 |
Brazil |  |  | 18,579 |  |  |  | 25,861 |  |  |  | 26,616 |
Asia |  |  | 15,700 |  |  |  | 16,620 |  |  |  | 15,983 |
All Other |  |  | 314 |  |  |  | 269 |  |  |  | (591 | )
Segment gross profit |  |  | 66,308 |  |  |  | 86,428 |  |  |  | 94,164 |
SG&A expenses |  |  | 52,690 |  |  |  | 56,077 |  |  |  | 50,829 |
Provision (benefit) for bad debts |  |  | 308 |  |  |  | (38 | ) |  |  | (123 | )
Other operating expense (income), net |  |  | 2,350 |  |  |  | 1,590 |  |  |  | (310 | )
Operating income |  |  | 10,960 |  |  |  | 28,799 |  |  |  | 43,768 |
Interest income |  |  | (628 | ) |  |  | (560 | ) |  |  | (517 | )
Interest expense |  |  | 5,414 |  |  |  | 4,935 |  |  |  | 3,578 |
Loss on extinguishment of debt |  |  | 131 |  |  |  | — |  |  |  | — |
Loss on sale of business |  |  | — |  |  |  | — |  |  |  | 1,662 |
Equity in earnings of unconsolidated affiliates |  |  | (3,968 | ) |  |  | (5,787 | ) |  |  | (4,230 | )
Income before income taxes |  | $ | 10,011 |  |  | $ | 30,211 |  |  | $ | 43,275 |
Reconciliation of Segment Depreciation and Amortization Expense to Consolidated Depreciation and Amortization Expense | The reconciliations of segment depreciation and amortization expense to consolidated depreciation and amortization expense are as follows:
|  | For the Fiscal Year Ended |
|  | June 30, 2019 |  |  | June 24, 2018 |  |  | June 25, 2017 |
Polyester |  | $ | 16,068 |  |  | $ | 15,893 |  |  | $ | 13,921 |
Nylon |  |  | 2,083 |  |  |  | 2,197 |  |  |  | 2,125 |
Brazil |  |  | 1,537 |  |  |  | 1,648 |  |  |  | 1,119 |
Asia |  |  | — |  |  |  | — |  |  |  | — |
All Other |  |  | 229 |  |  |  | 256 |  |  |  | 638 |
Segment depreciation expense |  |  | 19,917 |  |  |  | 19,994 |  |  |  | 17,803 |
Other depreciation and amortization expense |  |  | 3,086 |  |  |  | 2,591 |  |  |  | 2,565 |
Depreciation and amortization expense |  | $ | 23,003 |  |  | $ | 22,585 |  |  | $ | 20,368 |
Reconciliation of Segment Capital Expenditures to Consolidated Capital Expenditures | The reconciliations of segment capital expenditures to consolidated capital expenditures are as follows:
|  | For the Fiscal Year Ended |
|  | June 30, 2019 |  |  | June 24, 2018 |  |  | June 25, 2017 |
Polyester |  | $ | 17,291 |  |  | $ | 16,605 |  |  | $ | 25,442 |
Nylon |  |  | 624 |  |  |  | 1,366 |  |  |  | 1,247 |
Brazil |  |  | 2,574 |  |  |  | 3,063 |  |  |  | 4,540 |
Asia |  |  | 32 |  |  |  | 36 |  |  |  | 194 |
Segment capital expenditures |  |  | 20,521 |  |  |  | 21,070 |  |  |  | 31,423 |
Other capital expenditures |  |  | 4,350 |  |  |  | 3,959 |  |  |  | 1,767 |
Capital expenditures |  | $ | 24,871 |  |  | $ | 25,029 |  |  | $ | 33,190 |
Reconciliation of Segment Total Assets to Consolidated Total Assets | The reconciliations of segment total assets to consolidated total assets are as follows:
|  | June 30, 2019 |  |  | June 24, 2018 |
Polyester |  | $ | 287,608 |  |  | $ | 284,261 |
Nylon |  |  | 57,055 |  |  |  | 57,378 |
Brazil |  |  | 67,490 |  |  |  | 59,657 |
Asia |  |  | 35,219 |  |  |  | 35,349 |
Segment total assets |  |  | 447,372 |  |  |  | 436,645 |
Other current assets |  |  | 10,327 |  |  |  | 30,945 |
Other PP&E |  |  | 18,664 |  |  |  | 17,373 |
Other non-current assets |  |  | 1,468 |  |  |  | 4,205 |
Investments in unconsolidated affiliates |  |  | 114,320 |  |  |  | 112,639 |
Total assets |  | $ | 592,151 |  |  | $ | 601,807 |
Product Sales Excluding All Other Category | Product sales (excluding the All Other category) are as follows. Polyester product sales are calculated by aggregating the sales of the Polyester, Brazil and Asia Segments. Nylon product sales represent sales for the Nylon Segment.
|  | For the Fiscal Year Ended |
|  | June 30, 2019 |  |  | June 24, 2018 |  |  | June 25, 2017 |
Polyester |  | $ | 606,513 |  |  | $ | 572,053 |  |  | $ | 529,426 |
Nylon |  |  | 98,127 |  |  |  | 102,639 |  |  |  | 112,704 |
Total |  | $ | 704,640 |  |  | $ | 674,692 |  |  | $ | 642,130 |
Geographic Information for Net Sales | Geographic information is set forth below, beginning with net sales.
|  | For the Fiscal Year Ended |
|  | June 30, 2019 |  |  | June 24, 2018 |  |  | June 25, 2017 |
U.S. |  | $ | 426,725 |  |  | $ | 420,920 |  |  | $ | 424,490 |
Brazil |  |  | 102,877 |  |  |  | 110,587 |  |  |  | 109,079 |
China |  |  | 125,667 |  |  |  | 90,998 |  |  |  | 63,075 |
Remaining Foreign Countries |  |  | 53,535 |  |  |  | 56,407 |  |  |  | 50,626 |
Total |  | $ | 708,804 |  |  | $ | 678,912 |  |  | $ | 647,270 |
Export sales from UNIFI’s U.S. operations to external customers |  | $ | 84,707 |  |  | $ | 94,205 |  |  | $ | 104,229 |
Geographic Information for Long-lived Assets | Geographic information for long-lived assets is as follows:
|  | June 30, 2019 |  |  | June 24, 2018 |  |  | June 25, 2017 |
U.S. |  | $ | 305,483 |  |  | $ | 305,229 |  |  | $ | 304,696 |
Brazil |  |  | 13,218 |  |  |  | 12,679 |  |  |  | 12,616 |
China |  |  | 78 |  |  |  | 92 |  |  |  | 94 |
Remaining Foreign Countries |  |  | 5,169 |  |  |  | 6,225 |  |  |  | 8,266 |
Total |  | $ | 323,948 |  |  | $ | 324,225 |  |  | $ | 325,672 |
Geographic Information for Total Assets | Geographic information for total assets is as follows:
|  | June 30, 2019 |  |  | June 24, 2018 |  |  | June 25, 2017 |
U.S. |  | $ | 457,571 |  |  | $ | 455,963 |  |  | $ | 445,947 |
Brazil |  |  | 67,490 |  |  |  | 59,657 |  |  |  | 58,598 |
China |  |  | 30,982 |  |  |  | 32,703 |  |  |  | 20,641 |
Remaining Foreign Countries |  |  | 36,108 |  |  |  | 53,484 |  |  |  | 46,317 |
Total |  | $ | 592,151 |  |  | $ | 601,807 |  |  | $ | 571,503 |

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