XML 52 R37.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Leases (Tables) | 12 Months Ended
--- | ---
Jul. 03, 2022
Leases [Abstract] |
Schedule of Balance Sheet Location and Values of Company's Lease Assets and Lease Liabilities | The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities:
Classification |  | Balance Sheet Location |  | July 3, 2022 |  |  | June 27, 2021 |
Lease Assets |  |  |  |  |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 8,829 |  |  | $ | 8,772 |
Finance lease assets |  | Property, plant & equipment, net |  |  | 7,017 |  |  |  | 16,037 |
Total lease assets |  |  |  | $ | 15,846 |  |  | $ | 24,809 |
Lease Liabilities |  |  |  |  |  |  |  |  |  |
Current operating lease liabilities |  | Current operating lease liabilities |  | $ | 2,190 |  |  | $ | 1,856 |
Current finance lease liabilities |  | Current portion of long-term debt |  |  | 1,726 |  |  |  | 3,545 |
Total current lease liabilities |  |  |  | $ | 3,916 |  |  | $ | 5,401 |
Non-current operating lease liabilities |  | Non-current operating lease liabilities |  | $ | 6,736 |  |  | $ | 7,032 |
Non-current finance lease liabilities |  | Long-term debt |  |  | 5,535 |  |  |  | 4,930 |
Total non-current lease liabilities |  |  |  | $ | 12,271 |  |  | $ | 11,962 |
Total lease liabilities |  |  |  | $ | 16,187 |  |  | $ | 17,363 |
Schedule of Components of Lease Cost | The following table sets forth the components of UNIFI’s total lease cost for fiscal 2022 and 2021:
|  | For The Fiscal Year |  |  | For The Fiscal Year |
Lease Cost |  | July 3, 2022 |  |  | June 27, 2021 |
Operating lease cost |  | $ | 2,766 |  |  | $ | 2,465 |
Variable lease cost |  |  | 502 |  |  |  | 503 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of lease assets |  |  | 1,981 |  |  |  | 1,998 |
Interest on lease liabilities |  |  | 258 |  |  |  | 365 |
Short-term lease cost |  |  | 967 |  |  |  | 1,007 |
Total lease cost |  | $ | 6,474 |  |  | $ | 6,338 |
Schedule of Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases | The following table presents supplemental information related to leases:
|  | For The Fiscal Year |  |  | For The Fiscal Year |
Other Information |  | July 3, 2022 |  |  | June 27, 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows used by operating leases |  | $ | 2,766 |  |  | $ | 2,465 |
Financing cash flows used by finance leases |  | $ | 3,707 |  |  | $ | 3,646 |
Non-cash activities: |  |  |  |  |  |  |  |
Leased assets obtained in exchange for new operating lease liabilities |  | $ | 1,662 |  |  | $ | 2,606 |
Leased assets obtained in exchange for new finance lease liabilities |  | $ | 2,493 |  |  | $ | 740 |
Schedule of Weighted-Average Remaining Lease Term and Discount Rate for Operating Leases and Finance Leases | The following table sets forth UNIFI's weighted average remaining lease term in years and discount rate percentage used in the calculation of its outstanding lease liabilities:
Weighted Average Remaining Lease Term and Discount Rate |  | July 3, 2022 |  |  | June 27, 2021 |
Weighted average remaining lease term (years): |  |  |  |  |  |  |  |
Operating leases |  |  | 4.1 |  |  |  | 5.9 |
Finance leases |  |  | 4.2 |  |  |  | 3.8 |
Weighted average discount rate (percentage): |  |  |  |  |  |  |  |
Operating leases |  |  | 5.0 | % |  |  | 5.1 | %
Finance leases |  |  | 3.6 | % |  |  | 3.6 | %
Schedule of Future Minimum Lease Payments for Finance Leases and Operating Leases | Future minimum finance lease payments and future minimum payments under non-cancelable operating leases with initial lease terms in excess of one year under Topic 842 as of July 3, 2022 by fiscal year were:
Maturity of Lease Liabilities |  | Finance Leases |  |  | Operating Leases |
Fiscal 2023 |  | $ | 2,032 |  |  | $ | 2,595 |
Fiscal 2024 |  |  | 2,032 |  |  |  | 2,004 |
Fiscal 2025 |  |  | 1,880 |  |  |  | 1,498 |
Fiscal 2026 |  |  | 1,385 |  |  |  | 1,201 |
Fiscal 2027 |  |  | 821 |  |  |  | 971 |
Fiscal years thereafter |  |  | 100 |  |  |  | 1,788 |
Total minimum lease payments |  | $ | 8,250 |  |  | $ | 10,057 |
Less estimated executory costs |  |  | (413 | ) |  |  | — |
Less imputed interest |  |  | (576 | ) |  |  | (1,131 | )
Present value of net minimum lease payments |  |  | 7,261 |  |  |  | 8,926 |
Less current portion of lease obligations |  |  | (1,726 | ) |  |  | (2,190 | )
Long-term portion of lease obligations |  | $ | 5,535 |  |  | $ | 6,736 |

X
- Definition Components Of Leases. + References No definition available. + Details
Name: | ufi_ComponentsOfLeasesTableTextBlock
Namespace Prefix: | ufi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of future minimum lease payments for finance leases and operating leases. + References No definition available. + Details
Name: | ufi_ScheduleOfFutureMinimumLeasePaymentsForFinanceLeasesAndOperatingLeasesTableTextBlock
Namespace Prefix: | ufi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of supplemental cash flow information and non-cash activity related to operating leases. + References No definition available. + Details
Name: | ufi_ScheduleOfSupplementalCashFlowInformationAndNonCashActivityRelatedToOperatingLeasesTableTextBlock
Namespace Prefix: | ufi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of weighted-average remaining lease term and discount rate for operating leases and finance leases. + References No definition available. + Details
Name: | ufi_ScheduleOfWeightedAverageRemainingLeaseTermAndDiscountRateForOperatingLeasesAndFinanceLeasesTableTextBlock
Namespace Prefix: | ufi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration