XML 57 R45.htm IDEA: XBRL DOCUMENT
v3.23.2

Other Non-Current Assets (Tables) | 12 Months Ended
--- | ---
Jul. 02, 2023
Schedule of Other Non-Current Assets | Other non-current assets consists of the following:
|  | July 2, 2023 |  |  | July 3, 2022 |
Recovery of taxes |  | $ | 5,957 |  |  | $ | 1,463 |
Investments in unconsolidated affiliates |  |  | 2,997 |  |  |  | 2,072 |
Grantor trust |  |  | 2,496 |  |  |  | 2,196 |
Intangible assets, net |  |  | 1,210 |  |  |  | 2,500 |
Other |  |  | 1,848 |  |  |  | 557 |
Total other non-current assets |  | $ | 14,508 |  |  | $ | 8,788 |
Recovery of Taxes In fiscal 2023, UNIFI recorded a recovery of income taxes in connection with filing amended tax returns in Brazil relating to certain income taxes paid in prior fiscal years, following favorable legal rulings in fiscal 2023. The balance at July 3, 2022 relates to the recovery of PIS/COFINS (non-income) taxes, as further described in Note 8, "Other Current Assets."
Components of Intangible Assets, Net | Intangible assets, net consists of the following:
|  | July 2, 2023 |  |  | July 3, 2022 |
Customer lists |  | $ | 3,605 |  |  | $ | 5,220 |
Non-compete agreement |  |  | — |  |  |  | 1,875 |
Trademarks |  |  | 24 |  |  |  | 104 |
Total intangible assets, gross |  |  | 3,629 |  |  |  | 7,199 |
Accumulated amortization – customer lists |  |  | (2,398 | ) |  |  | (3,056 | )
Accumulated amortization – non-compete agreement |  |  | — |  |  |  | (1,563 | )
Accumulated amortization – trademarks |  |  | (21 | ) |  |  | (80 | )
Total accumulated amortization |  |  | (2,419 | ) |  |  | (4,699 | )
Total intangible assets, net |  | $ | 1,210 |  |  | $ | 2,500 |
Amortization Expense for Intangible Assets | Amortization expense for intangible assets consists of the following:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Customer lists |  | $ | 957 |  |  | $ | 1,007 |  |  | $ | 556 |
Non-compete agreement |  |  | 312 |  |  |  | 375 |  |  |  | 375 |
Trademarks |  |  | 21 |  |  |  | 96 |  |  |  | 147 |
Total amortization expense |  | $ | 1,290 |  |  | $ | 1,478 |  |  | $ | 1,078 |
Expected Intangible Asset Amortization | The following table presents the expected intangible asset amortization for the next five fiscal years:
|  | Fiscal 2024 |  |  | Fiscal 2025 |  |  | Fiscal 2026 |  |  | Fiscal 2027 |  |  | Fiscal 2028 |  |  | Thereafter |
Expected amortization |  | $ | 528 |  |  | $ | 108 |  |  | $ | 108 |  |  | $ | 108 |  |  | $ | 111 |  |  | $ | 247 |
Schedule of Raw Material Purchases under Supply Agreement | UNIFI’s raw material purchases under this supply agreement consist of the following:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
UNFA |  | $ | 26,683 |  |  | $ | 29,637 |  |  | $ | 18,932 |
UNF |  |  | 31 |  |  |  | 1,175 |  |  |  | 548 |
Total |  | $ | 26,714 |  |  | $ | 30,812 |  |  | $ | 19,480 |
Schedule of Unaudited, Condensed Balance Sheet Information for Unconsolidated Affiliates |
|  | July 2, 2023 |  |  | July 3, 2022 |
Current assets |  | $ | 10,608 |  |  | $ | 10,705 |
Non-current assets |  |  | 494 |  |  |  | 605 |
Current liabilities |  |  | 7,304 |  |  |  | 8,056 |
Non-current liabilities |  |  | — |  |  |  | — |
Shareholders’ equity and capital accounts |  |  | 3,798 |  |  |  | 3,254 |
UNIFI’s portion of undistributed earnings |  |  | 2,938 |  |  |  | 2,013 |
Income Statement Information [Member] |
Schedule of Unaudited, Condensed Income Statement Information for Unconsolidated Affiliates |
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Net sales |  | $ | 29,123 |  |  | $ | 31,745 |  |  | $ | 19,649 |
Gross profit |  |  | 2,337 |  |  |  | 1,928 |  |  |  | 3,423 |
Income from operations |  |  | 604 |  |  |  | 148 |  |  |  | 1,777 |
Net income |  |  | 544 |  |  |  | 127 |  |  |  | 1,782 |
Depreciation and amortization |  |  | 111 |  |  |  | 121 |  |  |  | 151 |
Distributions received |  |  | — |  |  |  | 750 |  |  |  | 750 |

X
- Definition Schedule of condensed balance sheet of unconsolidated affiliates. + References No definition available. + Details
Name: | ufi_ScheduleOfCondensedBalanceSheetOfUnconsolidatedAffiliatesTableTextBlock
Namespace Prefix: | ufi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of unconsolidated affiliate transactions. + References No definition available. + Details
Name: | ufi_ScheduleOfUnconsolidatedAffiliateTransactionsTableTextBlock
Namespace Prefix: | ufi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of noncurrent assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfOtherAssetsNoncurrentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=ufi_IncomeStatementInformationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |