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v3.20.2

Business Segment Information (Tables) | 12 Months Ended
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Jun. 28, 2020
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 28, 2020 |
|  | Polyester |  |  | Asia |  |  | Brazil |  |  | Nylon |  |  | All Other |  |  | Total |
Net sales |  | $ | 309,184 |  |  | $ | 153,032 |  |  | $ | 73,339 |  |  | $ | 67,381 |  |  | $ | 3,573 |  |  | $ | 606,509 |
Cost of sales |  |  | 297,096 |  |  |  | 136,349 |  |  |  | 62,144 |  |  |  | 68,359 |  |  |  | 3,521 |  |  |  | 567,469 |
Gross profit (loss) |  |  | 12,088 |  |  |  | 16,683 |  |  |  | 11,195 |  |  |  | (978 | ) |  |  | 52 |  |  |  | 39,040 |
Segment depreciation expense |  |  | 16,904 |  |  |  | — |  |  |  | 1,385 |  |  |  | 1,917 |  |  |  | 453 |  |  |  | 20,659 |
Segment Profit |  | $ | 28,992 |  |  | $ | 16,683 |  |  | $ | 12,580 |  |  | $ | 939 |  |  | $ | 505 |  |  | $ | 59,699 |
|  | For the Fiscal Year Ended June 30, 2019 |
|  | Polyester |  |  | Asia |  |  | Brazil |  |  | Nylon |  |  | All Other |  |  | Total |
Net sales |  | $ | 370,770 |  |  | $ | 132,866 |  |  | $ | 102,877 |  |  | $ | 98,127 |  |  | $ | 4,164 |  |  | $ | 708,804 |
Cost of sales |  |  | 346,951 |  |  |  | 117,166 |  |  |  | 84,298 |  |  |  | 90,231 |  |  |  | 3,850 |  |  |  | 642,496 |
Gross profit |  |  | 23,819 |  |  |  | 15,700 |  |  |  | 18,579 |  |  |  | 7,896 |  |  |  | 314 |  |  |  | 66,308 |
Segment depreciation expense |  |  | 16,068 |  |  |  | — |  |  |  | 1,537 |  |  |  | 2,083 |  |  |  | 229 |  |  |  | 19,917 |
Segment Profit |  | $ | 39,887 |  |  | $ | 15,700 |  |  | $ | 20,116 |  |  | $ | 9,979 |  |  | $ | 543 |  |  | $ | 86,225 |
|  | For the Fiscal Year Ended June 24, 2018 |
|  | Polyester |  |  | Asia |  |  | Brazil |  |  | Nylon |  |  | All Other |  |  | Total |
Net sales |  | $ | 364,169 |  |  | $ | 97,297 |  |  | $ | 110,587 |  |  | $ | 102,639 |  |  | $ | 4,220 |  |  | $ | 678,912 |
Cost of sales |  |  | 330,975 |  |  |  | 80,677 |  |  |  | 84,726 |  |  |  | 92,155 |  |  |  | 3,951 |  |  |  | 592,484 |
Gross profit |  |  | 33,194 |  |  |  | 16,620 |  |  |  | 25,861 |  |  |  | 10,484 |  |  |  | 269 |  |  |  | 86,428 |
Segment depreciation expense |  |  | 15,893 |  |  |  | — |  |  |  | 1,648 |  |  |  | 2,197 |  |  |  | 256 |  |  |  | 19,994 |
Segment Profit |  | $ | 49,087 |  |  | $ | 16,620 |  |  | $ | 27,509 |  |  | $ | 12,681 |  |  | $ | 525 |  |  | $ | 106,422 |
Reconciliations of Segment Gross Profit (Loss) to Consolidated Income Before Income Taxes | The reconciliations of segment gross profit to consolidated (loss) income before income taxes are as follows:
|  | For the Fiscal Year Ended |
|  | June 28, 2020 |  |  | June 30, 2019 |  |  | June 24, 2018 |
Polyester |  | $ | 12,088 |  |  | $ | 23,819 |  |  | $ | 33,194 |
Asia |  |  | 16,683 |  |  |  | 15,700 |  |  |  | 16,620 |
Brazil |  |  | 11,195 |  |  |  | 18,579 |  |  |  | 25,861 |
Nylon |  |  | (978 | ) |  |  | 7,896 |  |  |  | 10,484 |
All Other |  |  | 52 |  |  |  | 314 |  |  |  | 269 |
Segment gross profit |  |  | 39,040 |  |  |  | 66,308 |  |  |  | 86,428 |
SG&A expenses |  |  | 43,814 |  |  |  | 52,690 |  |  |  | 56,077 |
Provision (benefit) for bad debts |  |  | 1,739 |  |  |  | 308 |  |  |  | (38 | )
Other operating expense, net |  |  | 2,308 |  |  |  | 2,350 |  |  |  | 1,590 |
Operating (loss) income |  |  | (8,821 | ) |  |  | 10,960 |  |  |  | 28,799 |
Interest income |  |  | (722 | ) |  |  | (628 | ) |  |  | (560 | )
Interest expense |  |  | 4,779 |  |  |  | 5,414 |  |  |  | 4,935 |
Equity in loss (earnings) of unconsolidated affiliates |  |  | 477 |  |  |  | (3,968 | ) |  |  | (5,787 | )
Gain on sale of investment in unconsolidated affiliate |  |  | (2,284 | ) |  |  | — |  |  |  | — |
Impairment of investment in unconsolidated affiliate |  |  | 45,194 |  |  |  | — |  |  |  | — |
Loss on extinguishment of debt |  |  | — |  |  |  | 131 |  |  |  | — |
(Loss) income before income taxes |  | $ | (56,265 | ) |  | $ | 10,011 |  |  | $ | 30,211 |
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 28, 2020 |  |  | June 30, 2019 |  |  | June 24, 2018 |
Polyester |  | $ | 16,904 |  |  | $ | 16,068 |  |  | $ | 15,893 |
Asia |  |  | — |  |  |  | — |  |  |  | — |
Brazil |  |  | 1,385 |  |  |  | 1,537 |  |  |  | 1,648 |
Nylon |  |  | 1,917 |  |  |  | 2,083 |  |  |  | 2,197 |
All Other |  |  | 453 |  |  |  | 229 |  |  |  | 256 |
Segment depreciation expense |  |  | 20,659 |  |  |  | 19,917 |  |  |  | 19,994 |
Other depreciation and amortization expense |  |  | 2,994 |  |  |  | 3,086 |  |  |  | 2,591 |
Depreciation and amortization expense |  | $ | 23,653 |  |  | $ | 23,003 |  |  | $ | 22,585 |
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 28, 2020 |  |  | June 30, 2019 |  |  | June 24, 2018 |
Polyester |  | $ | 13,714 |  |  | $ | 17,291 |  |  | $ | 16,605 |
Asia |  |  | 60 |  |  |  | 32 |  |  |  | 36 |
Brazil |  |  | 2,332 |  |  |  | 2,574 |  |  |  | 3,063 |
Nylon |  |  | 249 |  |  |  | 624 |  |  |  | 1,366 |
Segment capital expenditures |  |  | 16,355 |  |  |  | 20,521 |  |  |  | 21,070 |
Other capital expenditures |  |  | 2,154 |  |  |  | 4,350 |  |  |  | 3,959 |
Capital expenditures |  | $ | 18,509 |  |  | $ | 24,871 |  |  | $ | 25,029 |
Reconciliation of Segment Total Assets to Consolidated Total Assets | The reconciliations of segment total assets to consolidated total assets are as follows:
|  | June 28, 2020 |  |  | June 30, 2019 |
Polyester |  | $ | 263,496 |  |  | $ | 287,608 |
Asia |  |  | 41,452 |  |  |  | 35,219 |
Brazil |  |  | 49,967 |  |  |  | 67,490 |
Nylon |  |  | 42,020 |  |  |  | 57,055 |
Segment total assets |  |  | 396,935 |  |  |  | 447,372 |
Other current assets |  |  | 48,600 |  |  |  | 10,327 |
Other PP&E |  |  | 23,676 |  |  |  | 18,664 |
Other operating lease assets |  |  | 1,503 |  |  |  | — |
Other non-current assets |  |  | 1,277 |  |  |  | 1,468 |
Investments in unconsolidated affiliates |  |  | 2,171 |  |  |  | 114,320 |
Total assets |  | $ | 474,162 |  |  | $ | 592,151 |
Product Sales Excluding All Other Category | Product sales (excluding the All Other category) are as follows, based on categorization into REPREVE® Fiber sales and non-REPREVE® Fiber sales.
|  | For the Fiscal Year Ended |
|  | June 28, 2020 |  |  | June 30, 2019 |  |  | June 24, 2018 |
REPREVE® Fiber |  | $ | 186,141 |  |  | $ | 180,254 |  |  | $ | 160,366 |
Non-REPREVE® Fiber |  |  | 416,795 |  |  |  | 524,386 |  |  |  | 514,326 |
Total |  | $ | 602,936 |  |  | $ | 704,640 |  |  | $ | 674,692 |
Geographic Information for Net Sales |
|  | For the Fiscal Year Ended |
Net Sales |  | June 28, 2020 |  |  | June 30, 2019 |  |  | June 24, 2018 |
U.S. |  | $ | 342,350 |  |  | $ | 426,725 |  |  | $ | 420,920 |
China |  |  | 148,923 |  |  |  | 125,667 |  |  |  | 90,998 |
Brazil |  |  | 73,339 |  |  |  | 102,877 |  |  |  | 110,587 |
Remaining Foreign Countries |  |  | 41,897 |  |  |  | 53,535 |  |  |  | 56,407 |
Total |  | $ | 606,509 |  |  | $ | 708,804 |  |  | $ | 678,912 |
Export sales from UNIFI’s U.S. operations to external customers |  | $ | 64,305 |  |  | $ | 84,707 |  |  | $ | 94,205 |
Geographic Information for Long-lived Assets |
Long-Lived Assets |  | June 28, 2020 |  |  | June 30, 2019 |  |  | June 24, 2018 |
U.S. |  | $ | 195,874 |  |  | $ | 305,483 |  |  | $ | 305,229 |
Brazil |  |  | 10,805 |  |  |  | 13,218 |  |  |  | 12,679 |
China |  |  | 779 |  |  |  | 78 |  |  |  | 92 |
Remaining Foreign Countries |  |  | 9,859 |  |  |  | 5,169 |  |  |  | 6,225 |
Total |  | $ | 217,317 |  |  | $ | 323,948 |  |  | $ | 324,225 |
Geographic Information for Total Assets |
Total Assets |  | June 28, 2020 |  |  | June 30, 2019 |  |  | June 24, 2018 |
U.S. |  | $ | 352,869 |  |  | $ | 457,571 |  |  | $ | 455,963 |
Brazil |  |  | 49,967 |  |  |  | 67,490 |  |  |  | 59,657 |
China |  |  | 39,238 |  |  |  | 30,982 |  |  |  | 32,703 |
Remaining Foreign Countries |  |  | 32,088 |  |  |  | 36,108 |  |  |  | 53,484 |
Total |  | $ | 474,162 |  |  | $ | 592,151 |  |  | $ | 601,807 |

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