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v3.21.2

Business Segment Information (Tables) | 12 Months Ended
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Jun. 27, 2021
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 27, 2021 |
|  | Polyester |  |  | Asia |  |  | Brazil |  |  | Nylon |  |  | All Other |  |  | Total |
Net sales |  | $ | 316,235 |  |  | $ | 184,837 |  |  | $ | 95,976 |  |  | $ | 65,869 |  |  | $ | 4,675 |  |  | $ | 667,592 |
Cost of sales |  |  | 282,791 |  |  |  | 159,444 |  |  |  | 64,281 |  |  |  | 63,502 |  |  |  | 4,080 |  |  |  | 574,098 |
Gross profit |  |  | 33,444 |  |  |  | 25,393 |  |  |  | 31,695 |  |  |  | 2,367 |  |  |  | 595 |  |  |  | 93,494 |
Segment depreciation expense |  |  | 18,637 |  |  |  | — |  |  |  | 1,315 |  |  |  | 1,769 |  |  |  | 648 |  |  |  | 22,369 |
Segment Profit |  | $ | 52,081 |  |  | $ | 25,393 |  |  | $ | 33,010 |  |  | $ | 4,136 |  |  | $ | 1,243 |  |  | $ | 115,863 |
|  | 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 |
Reconciliations of Segment Gross Profit to Consolidated Income (loss) Before Income Taxes | The reconciliations of segment gross profit to consolidated income (loss) before income taxes are as follows:
|  | For the Fiscal Year Ended |
|  | June 27, 2021 |  |  | June 28, 2020 |  |  | June 30, 2019 |
Polyester |  | $ | 33,444 |  |  | $ | 12,088 |  |  | $ | 23,819 |
Asia |  |  | 25,393 |  |  |  | 16,683 |  |  |  | 15,700 |
Brazil |  |  | 31,695 |  |  |  | 11,195 |  |  |  | 18,579 |
Nylon |  |  | 2,367 |  |  |  | (978 | ) |  |  | 7,896 |
All Other |  |  | 595 |  |  |  | 52 |  |  |  | 314 |
Segment gross profit |  |  | 93,494 |  |  |  | 39,040 |  |  |  | 66,308 |
SG&A expenses |  |  | 51,334 |  |  |  | 43,814 |  |  |  | 52,690 |
(Benefit) provision for bad debts |  |  | (1,316 | ) |  |  | 1,739 |  |  |  | 308 |
Other operating expense, net |  |  | 4,865 |  |  |  | 2,308 |  |  |  | 2,350 |
Operating income (loss) |  |  | 38,611 |  |  |  | (8,821 | ) |  |  | 10,960 |
Interest income |  |  | (603 | ) |  |  | (722 | ) |  |  | (628 | )
Interest expense |  |  | 3,323 |  |  |  | 4,779 |  |  |  | 5,414 |
Equity in (earnings) loss of unconsolidated affiliates |  |  | (739 | ) |  |  | 477 |  |  |  | (3,968 | )
Recovery of non-income taxes |  |  | (9,717 | ) |  |  | — |  |  |  | — |
Gain on sale of investment in unconsolidated affiliate |  |  | — |  |  |  | (2,284 | ) |  |  | — |
Impairment of investment in unconsolidated affiliate |  |  | — |  |  |  | 45,194 |  |  |  | — |
Loss on extinguishment of debt |  |  | — |  |  |  | — |  |  |  | 131 |
Income (loss) before income taxes |  | $ | 46,347 |  |  | $ | (56,265 | ) |  | $ | 10,011 |
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 27, 2021 |  |  | June 28, 2020 |  |  | June 30, 2019 |
Polyester |  | $ | 18,637 |  |  | $ | 16,904 |  |  | $ | 16,068 |
Asia |  |  | — |  |  |  | — |  |  |  | — |
Brazil |  |  | 1,315 |  |  |  | 1,385 |  |  |  | 1,537 |
Nylon |  |  | 1,769 |  |  |  | 1,917 |  |  |  | 2,083 |
All Other |  |  | 648 |  |  |  | 453 |  |  |  | 229 |
Segment depreciation expense |  |  | 22,369 |  |  |  | 20,659 |  |  |  | 19,917 |
Other depreciation and amortization expense |  |  | 3,159 |  |  |  | 2,994 |  |  |  | 3,086 |
Depreciation and amortization expense |  | $ | 25,528 |  |  | $ | 23,653 |  |  | $ | 23,003 |
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 27, 2021 |  |  | June 28, 2020 |  |  | June 30, 2019 |
Polyester |  | $ | 15,325 |  |  | $ | 13,714 |  |  | $ | 17,291 |
Asia |  |  | 666 |  |  |  | 60 |  |  |  | 32 |
Brazil |  |  | 3,461 |  |  |  | 2,332 |  |  |  | 2,574 |
Nylon |  |  | 728 |  |  |  | 249 |  |  |  | 624 |
Segment capital expenditures |  |  | 20,180 |  |  |  | 16,355 |  |  |  | 20,521 |
Other capital expenditures |  |  | 998 |  |  |  | 2,154 |  |  |  | 4,350 |
Capital expenditures |  | $ | 21,178 |  |  | $ | 18,509 |  |  | $ | 24,871 |
Reconciliation of Segment Total Assets to Consolidated Total Assets | The reconciliations of segment total assets to consolidated total assets are as follows:
|  | June 27, 2021 |  |  | June 28, 2020 |
Polyester |  | $ | 285,939 |  |  | $ | 263,496 |
Asia |  |  | 41,121 |  |  |  | 41,452 |
Brazil |  |  | 85,950 |  |  |  | 49,967 |
Nylon |  |  | 68,034 |  |  |  | 42,020 |
Segment total assets |  |  | 481,044 |  |  |  | 396,935 |
Other current assets |  |  | 48,972 |  |  |  | 48,600 |
Other PP&E |  |  | 21,175 |  |  |  | 23,676 |
Other operating lease assets |  |  | 1,116 |  |  |  | 1,503 |
Other non-current assets |  |  | 902 |  |  |  | 1,277 |
Investments in unconsolidated affiliates |  |  | 2,159 |  |  |  | 2,171 |
Total assets |  | $ | 555,368 |  |  | $ | 474,162 |
Geographic Information for Net Sales |
|  | For the Fiscal Year Ended |
Net Sales |  | June 27, 2021 |  |  | June 28, 2020 |  |  | June 30, 2019 |
U.S. |  | $ | 341,897 |  |  | $ | 342,350 |  |  | $ | 426,725 |
China |  |  | 171,261 |  |  |  | 148,923 |  |  |  | 125,667 |
Brazil |  |  | 95,976 |  |  |  | 73,339 |  |  |  | 102,877 |
Remaining Foreign Countries |  |  | 58,458 |  |  |  | 41,897 |  |  |  | 53,535 |
Total |  | $ | 667,592 |  |  | $ | 606,509 |  |  | $ | 708,804 |
Export sales from UNIFI’s U.S. operations to external customers |  | $ | 59,055 |  |  | $ | 64,305 |  |  | $ | 84,707 |
Geographic Information for Long-lived Assets |
Long-Lived Assets |  | June 27, 2021 |  |  | June 28, 2020 |  |  | June 30, 2019 |
U.S. |  | $ | 191,733 |  |  | $ | 195,874 |  |  | $ | 305,483 |
Brazil |  |  | 21,733 |  |  |  | 10,805 |  |  |  | 13,218 |
China |  |  | 1,919 |  |  |  | 779 |  |  |  | 78 |
Remaining Foreign Countries |  |  | 9,708 |  |  |  | 9,859 |  |  |  | 5,169 |
Total |  | $ | 225,093 |  |  | $ | 217,317 |  |  | $ | 323,948 |
Geographic Information for Total Assets |
Total Assets |  | June 27, 2021 |  |  | June 28, 2020 |  |  | June 30, 2019 |
U.S. |  | $ | 362,502 |  |  | $ | 352,869 |  |  | $ | 457,571 |
Brazil |  |  | 85,950 |  |  |  | 49,967 |  |  |  | 67,490 |
China |  |  | 63,239 |  |  |  | 39,238 |  |  |  | 30,982 |
Remaining Foreign Countries |  |  | 43,677 |  |  |  | 32,088 |  |  |  | 36,108 |
Total |  | $ | 555,368 |  |  | $ | 474,162 |  |  | $ | 592,151 |

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