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Leases (Tables) | 12 Months Ended
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Jul. 02, 2023
Leases [Abstract] |
Schedule of Balance Sheet Location and Values of Company's Lease Assets and Lease Liabilities | The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities:
Classification |  | Balance Sheet Location |  | July 2, 2023 |  |  | July 3, 2022 |
Lease Assets |  |  |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 7,791 |  |  | $ | 8,829 |
Finance lease assets |  | Property, plant & equipment, net |  |  | 10,947 |  |  |  | 7,017 |
Total lease assets |  |  |  | $ | 18,738 |  |  | $ | 15,846 |
Lease Liabilities |  |  |  |  |  |  |  |
Current operating lease liabilities |  | Current operating lease liabilities |  | $ | 1,813 |  |  | $ | 2,190 |
Current finance lease liabilities |  | Current portion of long-term debt |  |  | 2,806 |  |  |  | 1,726 |
Total current lease liabilities |  |  |  | $ | 4,619 |  |  | $ | 3,916 |
Non-current operating lease liabilities |  | Non-current operating lease liabilities |  | $ | 6,146 |  |  | $ | 6,736 |
Non-current finance lease liabilities |  | Long-term debt |  |  | 7,961 |  |  |  | 5,535 |
Total non-current lease liabilities |  |  |  | $ | 14,107 |  |  | $ | 12,271 |
Total lease liabilities |  |  |  | $ | 18,726 |  |  | $ | 16,187 |
Schedule of Components of Lease Cost | The following table sets forth the components of UNIFI’s total lease cost for fiscal 2023 and 2022:
Lease Cost |  | Fiscal 2023 |  |  | Fiscal 2022 |
Operating lease cost |  | $ | 2,686 |  |  | $ | 2,766 |
Variable lease cost |  |  | 545 |  |  |  | 502 |
Finance lease cost: |  |  |  |  |  |
Amortization of lease assets |  |  | 1,546 |  |  |  | 1,981 |
Interest on lease liabilities |  |  | 344 |  |  |  | 258 |
Short-term lease cost |  |  | 1,013 |  |  |  | 967 |
Total lease cost |  | $ | 6,134 |  |  | $ | 6,474 |
Schedule of Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases | The following table presents supplemental information related to leases:
Other Information |  | Fiscal 2023 |  |  | Fiscal 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows used by operating leases |  | $ | 2,686 |  |  | $ | 2,766 |
Financing cash flows used by finance leases |  | $ | 2,123 |  |  | $ | 3,707 |
Non-cash activities: |  |  |  |  |  |
Leased assets obtained in exchange for new operating lease liabilities |  | $ | 2,733 |  |  | $ | 1,662 |
Leased assets obtained in exchange for new finance lease liabilities |  | $ | 5,629 |  |  | $ | 2,493 |
Schedule of Weighted-Average Remaining Lease Term and Discount Rate for Operating Leases and Finance Leases | The following table sets forth UNIFI's weighted average remaining lease term in years and discount rate percentage used in the calculation of its outstanding lease liabilities:
Weighted Average Remaining Lease Term and Discount Rate |  | July 2, 2023 |  |  | July 3, 2022 |
Weighted average remaining lease term (years): |  |  |  |  |  |
Operating leases |  |  | 6.0 |  |  |  | 4.1 |
Finance leases |  |  | 3.9 |  |  |  | 4.2 |
Weighted average discount rate (percentage): |  |  |  |  |  |
Operating leases |  |  | 3.0 | % |  |  | 5.0 | %
Finance leases |  |  | 4.8 | % |  |  | 3.6 | %
Schedule of Future Minimum Lease Payments for Finance Leases and Operating Leases | Future minimum finance lease payments and future minimum payments under non-cancelable operating leases with initial lease terms in excess of one year as of July 2, 2023 by fiscal year were:
Maturity of Lease Liabilities |  | Finance Leases |  |  | Operating Leases |
Fiscal 2024 |  | $ | 3,339 |  |  | $ | 2,181 |
Fiscal 2025 |  |  | 3,183 |  |  |  | 1,677 |
Fiscal 2026 |  |  | 2,688 |  |  |  | 1,384 |
Fiscal 2027 |  |  | 2,082 |  |  |  | 1,155 |
Fiscal 2028 |  |  | 949 |  |  |  | 1,040 |
Fiscal years thereafter |  |  | — |  |  |  | 2,241 |
Total minimum lease payments |  | $ | 12,241 |  |  | $ | 9,678 |
Less estimated executory costs |  |  | (338 | ) |  |  | — |
Less imputed interest |  |  | (1,136 | ) |  |  | (1,719 | )
Present value of net minimum lease payments |  |  | 10,767 |  |  |  | 7,959 |
Less current portion of lease obligations |  |  | (2,806 | ) |  |  | (1,813 | )
Long-term portion of lease obligations |  | $ | 7,961 |  |  | $ | 6,146 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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