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Other Current Assets | 9 Months Ended
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Mar. 27, 2022
Other Assets Current [Abstract] |
Other Current Assets | 7. Other Current Assets Other current assets consist of the following:
|  | March 27, 2022 |  |  | June 27, 2021 |
Vendor deposits |  | $ | 5,168 |  |  | $ | 3,341 |
Value-added taxes receivable |  |  | 2,701 |  |  |  | 2,484 |
Prepaid expenses and other |  |  | 3,001 |  |  |  | 2,753 |
Recovery of non-income taxes, net |  |  | 9,600 |  |  |  | 3,456 |
Contract assets |  |  | 508 |  |  |  | 330 |
Total other current assets |  | $ | 20,978 |  |  | $ | 12,364 |
Recovery of Non-Income Taxes, Net Brazilian companies are subject to various taxes on business operations, including turnover taxes used to fund social security and unemployment programs, commonly referred to as PIS/COFINS taxes. UNIFI, along with numerous other companies in Brazil, challenged the constitutionality of certain state taxes historically included in the PIS/COFINS tax base. On May 13, 2021, Brazil’s Supreme Federal Court (“SFC”) ruled in favor of taxpayers, and on July 7, 2021, the Brazilian Internal Revenue Service withdrew its existing appeal. Following the SFC decision, the federal government will not issue refunds for these taxes but will instead allow for the overpayments and associated interest to be applied as credits against future PIS/COFINS tax obligations. There are no limitations or restrictions on UNIFI’s ability to recover the associated overpayment claims as future income is generated. In fiscal 2021, UNIFI recognized an estimated benefit from the expected recovery of these non-income taxes in Brazil. During the quarter ended March 27, 2022, UNIFI (i) reduced the estimate based on additional clarity and review of the recovery process during the months following the associated SFC decision and (ii) updated the expected duration of claim recovery to the 12-month period following March 27, 2022. The remaining estimated recovery amount has been reclassed to current assets accordingly, with no amounts reflected in other non-current assets at March 27, 2022.

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- Definition Other assets current. + References No definition available. + Details
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- Definition The entire disclosure for other current assets. + References No definition available. + Details
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