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Property, Plant and Equipment, Net | 12 Months Ended
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Jul. 02, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment, Net | 9. Property, Plant and Equipment, Net PP&E, net consists of the following:
|  | July 2, 2023 |  |  | July 3, 2022 |
Land |  | $ | 2,512 |  |  | $ | 3,160 |
Land improvements |  |  | 16,443 |  |  |  | 16,443 |
Buildings and improvements |  |  | 167,589 |  |  |  | 164,252 |
Assets under finance leases |  |  | 16,397 |  |  |  | 10,921 |
Machinery and equipment |  |  | 656,431 |  |  |  | 635,699 |
Computers, software and office equipment |  |  | 26,654 |  |  |  | 25,348 |
Transportation equipment |  |  | 10,710 |  |  |  | 10,591 |
Construction in progress |  |  | 10,003 |  |  |  | 20,397 |
Gross PP&E |  |  | 906,739 |  |  |  | 886,811 |
Less: accumulated depreciation |  |  | (682,768 | ) |  |  | (666,569 | )
Less: accumulated amortization – finance leases |  |  | (5,450 | ) |  |  | (3,904 | )
Total PP&E, net |  | $ | 218,521 |  |  | $ | 216,338 |
Assets under finance leases consists of the following:
|  | July 2, 2023 |  |  | July 3, 2022 |
Transportation equipment |  | $ | 8,276 |  |  | $ | 8,276 |
Machinery and equipment |  |  | 8,121 |  |  |  | 2,645 |
Gross assets under finance leases |  | $ | 16,397 |  |  | $ | 10,921 |
Depreciation and amortization expense and repair and maintenance expenses were as follows:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Depreciation and amortization expense |  | $ | 25,729 |  |  | $ | 24,509 |  |  | $ | 24,215 |
Repair and maintenance expenses |  |  | 17,999 |  |  |  | 20,076 |  |  |  | 18,118 |
In fiscal 2017, UNIFI constructed specialized bi-component spinning machinery in the Americas with a 15-year useful life to accommodate tolling demand and development efforts of a specific U.S. customer. After multiple years of operating the machinery, recovering the capital investment, and generating profitable sales, the contract terminated in accordance with its provisions, and additional development and commercialization efforts ceased in fiscal 2023, primarily due to the specialized nature and generally higher operating costs of the machinery. As a result of the lack of potential future demand, the machinery was considered to have zero future sales potential and negative future cash flows and was abandoned by the Company. Accordingly, UNIFI recorded an impairment of $8,247 to Other operating expense (income), net during the fourth quarter of fiscal 2023. Prior to the abandonment, the asset's net book value was $8,247. The new book value of $0 reflects the lack of positive future cash flows, scrap or salvage value, following the income method for the Level 3 measurement.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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