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v3.22.2.2

Business Segment Information (Tables) | 12 Months Ended
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Jul. 03, 2022
Segment Reporting [Abstract] |
Selected Financial Information for Polyester, Nylon, International and Other Segments | Selected financial information is presented below:
|  | For the Fiscal Year Ended July 3, 2022 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 483,085 |  |  | $ | 126,066 |  |  | $ | 206,607 |  |  | $ | 815,758 |
Cost of sales |  |  | 458,617 |  |  |  | 98,925 |  |  |  | 177,731 |  |  |  | 735,273 |
Gross profit |  |  | 24,468 |  |  |  | 27,141 |  |  |  | 28,876 |  |  |  | 80,485 |
Segment depreciation expense |  |  | 21,153 |  |  |  | 1,500 |  |  |  | — |  |  |  | 22,653 |
Segment Profit |  | $ | 45,621 |  |  | $ | 28,641 |  |  | $ | 28,876 |  |  | $ | 103,138 |
|  | For the Fiscal Year Ended June 27, 2021 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 386,779 |  |  | $ | 95,976 |  |  | $ | 184,837 |  |  | $ | 667,592 |
Cost of sales |  |  | 350,373 |  |  |  | 64,281 |  |  |  | 159,444 |  |  |  | 574,098 |
Gross profit |  |  | 36,406 |  |  |  | 31,695 |  |  |  | 25,393 |  |  |  | 93,494 |
Segment depreciation expense |  |  | 21,054 |  |  |  | 1,315 |  |  |  | — |  |  |  | 22,369 |
Segment Profit |  | $ | 57,460 |  |  | $ | 33,010 |  |  | $ | 25,393 |  |  | $ | 115,863 |
|  | For the Fiscal Year Ended June 28, 2020 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 380,138 |  |  | $ | 73,339 |  |  | $ | 153,032 |  |  | $ | 606,509 |
Cost of sales |  |  | 368,976 |  |  |  | 62,144 |  |  |  | 136,349 |  |  |  | 567,469 |
Gross profit |  |  | 11,162 |  |  |  | 11,195 |  |  |  | 16,683 |  |  |  | 39,040 |
Segment depreciation expense |  |  | 19,274 |  |  |  | 1,385 |  |  |  | — |  |  |  | 20,659 |
Segment Profit |  | $ | 30,436 |  |  | $ | 12,580 |  |  | $ | 16,683 |  |  | $ | 59,699 |
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 |
|  | July 3, 2022 |  |  | June 27, 2021 |  |  | June 28, 2020 |
Americas |  | $ | 24,468 |  |  | $ | 36,406 |  |  | $ | 11,162 |
Brazil |  |  | 27,141 |  |  |  | 31,695 |  |  |  | 11,195 |
Asia |  |  | 28,876 |  |  |  | 25,393 |  |  |  | 16,683 |
Segment gross profit |  |  | 80,485 |  |  |  | 93,494 |  |  |  | 39,040 |
SG&A expenses |  |  | 52,489 |  |  |  | 51,334 |  |  |  | 43,814 |
(Benefit) provision for bad debts |  |  | (445 | ) |  |  | (1,316 | ) |  |  | 1,739 |
Other operating (income) expense, net |  |  | (158 | ) |  |  | 4,865 |  |  |  | 2,308 |
Operating income (loss) |  |  | 28,599 |  |  |  | 38,611 |  |  |  | (8,821 | )
Interest income |  |  | (1,524 | ) |  |  | (603 | ) |  |  | (722 | )
Interest expense |  |  | 3,085 |  |  |  | 3,323 |  |  |  | 4,779 |
Equity in (earnings) loss of unconsolidated affiliates |  |  | (605 | ) |  |  | (739 | ) |  |  | 477 |
Recovery of non-income taxes, net |  |  | 815 |  |  |  | (9,717 | ) |  |  | — |
Gain on sale of investment in unconsolidated affiliate |  |  | — |  |  |  | — |  |  |  | (2,284 | )
Impairment of investment in unconsolidated affiliate |  |  | — |  |  |  | — |  |  |  | 45,194 |
Income (loss) before income taxes |  | $ | 26,828 |  |  | $ | 46,347 |  |  | $ | (56,265 | )
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 |
|  | July 3, 2022 |  |  | June 27, 2021 |  |  | June 28, 2020 |
Americas |  | $ | 21,153 |  |  | $ | 21,054 |  |  | $ | 19,274 |
Brazil |  |  | 1,500 |  |  |  | 1,315 |  |  |  | 1,385 |
Asia |  |  | — |  |  |  | — |  |  |  | — |
Segment depreciation expense |  |  | 22,653 |  |  |  | 22,369 |  |  |  | 20,659 |
Other depreciation and amortization expense |  |  | 3,554 |  |  |  | 3,159 |  |  |  | 2,994 |
Depreciation and amortization expense |  | $ | 26,207 |  |  | $ | 25,528 |  |  | $ | 23,653 |
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 |
|  | July 3, 2022 |  |  | June 27, 2021 |  |  | June 28, 2020 |
Americas |  | $ | 29,841 |  |  | $ | 16,053 |  |  | $ | 15,087 |
Brazil |  |  | 9,253 |  |  |  | 3,461 |  |  |  | 2,332 |
Asia |  |  | 236 |  |  |  | 666 |  |  |  | 60 |
Segment capital expenditures |  |  | 39,330 |  |  |  | 20,180 |  |  |  | 17,479 |
Other capital expenditures |  |  | 301 |  |  |  | 998 |  |  |  | 1,030 |
Capital expenditures |  | $ | 39,631 |  |  | $ | 21,178 |  |  | $ | 18,509 |
Reconciliation of Segment Total Assets to Consolidated Total Assets | The reconciliations of segment total assets to consolidated total assets are as follows:
|  | July 3, 2022 |  |  | June 27, 2021 |
Americas |  | $ | 379,898 |  |  | $ | 327,445 |
Brazil |  |  | 98,731 |  |  |  | 85,950 |
Asia |  |  | 81,322 |  |  |  | 68,034 |
Segment total assets |  |  | 559,951 |  |  |  | 481,429 |
Other current assets |  |  | 5,145 |  |  |  | 48,587 |
Other PP&E |  |  | 17,809 |  |  |  | 21,175 |
Other operating lease assets |  |  | 756 |  |  |  | 1,116 |
Other non-current assets |  |  | 2,985 |  |  |  | 902 |
Investments in unconsolidated affiliates |  |  | 2,072 |  |  |  | 2,159 |
Total assets |  | $ | 588,718 |  |  | $ | 555,368 |
Geographic Information for Net Sales |
|  | For the Fiscal Year Ended |
Net Sales |  | July 3, 2022 |  |  | June 27, 2021 |  |  | June 28, 2020 |
U.S. |  | $ | 430,381 |  |  | $ | 341,897 |  |  | $ | 342,350 |
China |  |  | 185,558 |  |  |  | 171,261 |  |  |  | 148,923 |
Brazil |  |  | 126,066 |  |  |  | 95,976 |  |  |  | 73,339 |
Remaining Foreign Countries |  |  | 73,753 |  |  |  | 58,458 |  |  |  | 41,897 |
Total |  | $ | 815,758 |  |  | $ | 667,592 |  |  | $ | 606,509 |
Export sales from UNIFI’s U.S. operations to external customers |  | $ | 74,589 |  |  | $ | 59,055 |  |  | $ | 64,305 |
Geographic Information for Long-lived Assets |
Long-Lived Assets |  | July 3, 2022 |  |  | June 27, 2021 |  |  | June 28, 2020 |
U.S. |  | $ | 196,885 |  |  | $ | 191,733 |  |  | $ | 195,874 |
Brazil |  |  | 21,927 |  |  |  | 21,733 |  |  |  | 10,805 |
China |  |  | 2,211 |  |  |  | 1,919 |  |  |  | 779 |
Remaining Foreign Countries |  |  | 12,932 |  |  |  | 9,708 |  |  |  | 9,859 |
Total |  | $ | 233,955 |  |  | $ | 225,093 |  |  | $ | 217,317 |

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