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Stock-Based Compensation (Tables) | 12 Months Ended
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Jul. 03, 2022
Summary of Number of Securities Remaining Available for Future Issuance | The following table provides information as of July 3, 2022 with respect to the number of securities remaining available for future issuance under the 2020 Plan:
Authorized under the 2020 Plan |  |  | 850 |
Plus: Awards expired, forfeited or otherwise terminated unexercised |  |  | 1 |
Less: Awards granted to employees |  |  | (209 | )
Less: Awards granted to non-employee directors |  |  | (41 | )
Available for issuance under the 2020 Plan |  |  | 601 |
Stock Option Valuation Assumptions | The Black-Scholes model used the following weighted average assumptions for the above awards:
|  | For the Fiscal Year Ended |
|  | July 3, 2022 |  |  | June 27, 2021 |  |  | June 28, 2020 |
Expected term (years) |  |  | — |  |  |  | 5.5 |  |  |  | 5.5 |
Risk-free interest rate |  |  | — |  |  |  | 0.4 | % |  |  | 0.7 | %
Volatility |  |  | — |  |  |  | 49.0 | % |  |  | 43.2 | %
Dividend yield |  |  | — |  |  |  | — |  |  |  | — |
Summary of Stock Option Activity | A summary of stock option activity for fiscal 2022 is as follows:
|  | Stock Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (Years) |  |  | Aggregate Intrinsic Value |
Outstanding at June 27, 2021 |  |  | 1,114 |  |  | $ | 16.82 |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (10 | ) |  | $ | 11.09 |  |  |  |  |  |  |  |  |
Cancelled or forfeited |  |  | (122 | ) |  | $ | 25.45 |  |  |  |  |  |  |  |  |
Expired |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Outstanding at July 3, 2022 |  |  | 982 |  |  | $ | 15.81 |  |  |  | 7.2 |  |  | $ | 1,296 |
Vested and expected to vest as of July 3, 2022 |  |  | 982 |  |  | $ | 15.81 |  |  |  | 7.2 |  |  | $ | 1,296 |
Exercisable at July 3, 2022 |  |  | 380 |  |  | $ | 20.15 |  |  |  | 6.1 |  |  | $ | 285 |
Summary of RSU, VSU and PSU Activity | A summary of RSU, VSU and PSU activity for fiscal 2022 is as follows:
|  | Non-vested |  |  | Weighted Average Grant Date Fair Value |  |  | Vested |  |  | Total |  |  | Weighted Average Grant Date Fair Value |
Outstanding at June 27, 2021 |  |  | 162 |  |  | $ | 16.75 |  |  |  | 241 |  |  |  | 403 |  |  | $ | 20.82 |
Granted |  |  | 166 |  |  | $ | 23.12 |  |  |  | — |  |  |  | 166 |  |  | $ | 23.12 |
Vested |  |  | (92 | ) |  | $ | 18.78 |  |  |  | 92 |  |  |  | — |  |  | $ | 18.78 |
Converted |  |  | — |  |  | $ | — |  |  |  | (88 | ) |  |  | (88 | ) |  | $ | 19.80 |
Cancelled or forfeited |  |  | (2 | ) |  | $ | 20.39 |  |  |  | — |  |  |  | (2 | ) |  | $ | 20.39 |
Outstanding at July 3, 2022 |  |  | 234 |  |  | $ | 20.38 |  |  |  | 245 |  |  |  | 479 |  |  | $ | 21.80 |
Stock Based Compensation Total Cost Charged Against Income | The total cost charged against income related to all stock-based compensation arrangements was as follows:
|  | For the Fiscal Year Ended |
|  | July 3, 2022 |  |  | June 27, 2021 |  |  | June 28, 2020 |
Stock options |  | $ | 928 |  |  | $ | 1,047 |  |  | $ | 1,265 |
RSUs and VSUs |  |  | 2,253 |  |  |  | 2,015 |  |  |  | 2,245 |
Total compensation cost |  | $ | 3,181 |  |  | $ | 3,062 |  |  | $ | 3,510 |
Black Scholes Model |
Stock Option Valuation Assumptions | A summary of UNIFI’s stock options granted to key employees and valued under the Black-Scholes model is as follows:
|  | For the Fiscal Year Ended |
|  | July 3, 2022 |  |  | June 27, 2021 |  |  | June 28, 2020 |
Quantity |  |  | — |  |  |  | 155 |  |  |  | 143 |
Service Period (years) |  |  | — |  |  |  | 3.0 |  |  |  | 3.0 |
Weighted Average Exercise Price |  | $ | — |  |  | $ | 15.64 |  |  | $ | 19.95 |
Weighted Average Grant Date Fair Value |  | $ | — |  |  | $ | 6.75 |  |  | $ | 7.33 |

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