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Stock-Based Compensation (Tables) | 12 Months Ended
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Jul. 02, 2023
Summary of Number of Securities Remaining Available for Future Issuance | The following table provides information as of July 2, 2023 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 |  |  | 4 |
Less: Awards granted to employees |  |  | (544 | )
Less: Awards granted to non-employee directors |  |  | (114 | )
Available for issuance under the 2020 Plan |  |  | 196 |
Stock Option Valuation Assumptions | The Black-Scholes model used the following weighted average assumptions for the above awards:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Expected term (years) |  |  | — |  |  |  | — |  |  |  | 5.5 |
Risk-free interest rate |  |  | — |  |  |  | — |  |  |  | 0.4 | %
Volatility |  |  | — |  |  |  | — |  |  |  | 49.0 | %
Dividend yield |  |  | — |  |  |  | — |  |  |  | — |
Summary of Stock Option Activity | A summary of stock option activity for fiscal 2023 is as follows:
|  | Stock Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (Years) |  |  | Aggregate Intrinsic Value |
Outstanding at July 3, 2022 |  |  | 982 |  |  | $ | 15.81 |  |  |  |  |  |  |
Granted |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Exercised |  |  | (6 | ) |  | $ | 11.08 |  |  |  |  |  |  |
Cancelled or forfeited |  |  | (30 | ) |  | $ | 25.86 |  |  |  |  |  |  |
Expired |  |  | (5 | ) |  | $ | 11.09 |  |  |  |  |  |  |
Outstanding at July 2, 2023 |  |  | 941 |  |  | $ | 15.55 |  |  |  | 6.4 |  |  | $ | — |
Vested and expected to vest as of July 2, 2023 |  |  | 941 |  |  | $ | 15.55 |  |  |  | 6.4 |  |  | $ | — |
Exercisable at July 2, 2023 |  |  | 535 |  |  | $ | 17.92 |  |  |  | 5.9 |  |  | $ | — |
Summary of RSU, VSU and PSU Activity | A summary of RSU, VSU and PSU activity for fiscal 2023 is as follows:
|  | Non-vested |  |  | Weighted Average Grant Date Fair Value |  |  | Vested |  |  | Total |  |  | Weighted Average Grant Date Fair Value |
Outstanding at July 3, 2022 |  |  | 234 |  |  | $ | 20.38 |  |  |  | 245 |  |  |  | 479 |  |  | $ | 21.80 |
Granted |  |  | 396 |  |  | $ | 8.67 |  |  |  | — |  |  |  | 396 |  |  | $ | 8.67 |
Vested |  |  | (145 | ) |  | $ | 14.69 |  |  |  | 145 |  |  |  | — |  |  | $ | — |
Converted |  |  | — |  |  | $ | — |  |  |  | (90 | ) |  |  | (90 | ) |  | $ | 19.31 |
Cancelled or forfeited |  |  | (5 | ) |  | $ | 21.22 |  |  |  | — |  |  |  | (5 | ) |  | $ | 21.22 |
Outstanding at July 2, 2023 |  |  | 480 |  |  | $ | 12.42 |  |  |  | 300 |  |  |  | 780 |  |  | $ | 15.42 |
Stock Based Compensation Total Cost Charged Against Income | The total cost related to all stock-based compensation was as follows:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Stock options |  | $ | 575 |  |  | $ | 928 |  |  | $ | 1,047 |
RSUs and VSUs |  |  | 2,120 |  |  |  | 2,253 |  |  |  | 2,015 |
ESPP |  |  | 11 |  |  |  | — |  |  |  | — |
Total compensation cost |  | $ | 2,706 |  |  | $ | 3,181 |  |  | $ | 3,062 |
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:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Quantity |  |  | — |  |  |  | — |  |  |  | 155 |
Service period (years) |  |  | — |  |  |  | — |  |  |  | 3.0 |
Weighted average exercise price |  | $ | — |  |  | $ | — |  |  | $ | 15.64 |
Weighted average grant date fair value |  | $ | — |  |  | $ | — |  |  | $ | 6.75 |

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