Earnings Per Share

3 Months Ended

Oct. 02, 2022

11. Earnings Per Share

The components of the calculation of earnings per share (“EPS”) are as follows:

	For the Three Months Ended
	October 2, 2022			September 26, 2021
Net (loss) income	$	(7,834	)	$	8,680
Basic weighted average shares		18,001			18,515
Net potential common share equivalents		—			482
Diluted weighted average shares		18,001			18,997
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		618			287
Excluded from the calculation of diluted shares:
Unvested stock options that vest upon achievement of certain market conditions		333			333

The calculation of EPS is based on the weighted average number of Unifi, Inc.’s common shares outstanding for the applicable period. The calculation of diluted EPS presents the effect of all potential dilutive common shares that were outstanding during the respective period, unless the effect of doing so is anti-dilutive.