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Computation of Earnings Per Share | 12 Months Ended
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Jul. 02, 2023
Earnings Per Share [Abstract] |
Computation of Earnings Per Share | 20. Computation of Earnings Per Share The computation of basic and diluted earnings per share (“EPS”) is as follows:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Basic EPS |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (46,344 | ) |  | $ | 15,171 |  |  | $ | 29,073 |
Weighted average common shares outstanding |  |  | 18,037 |  |  |  | 18,429 |  |  |  | 18,472 |
Basic EPS |  | $ | (2.57 | ) |  | $ | 0.82 |  |  | $ | 1.57 |
Diluted EPS |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (46,344 | ) |  | $ | 15,171 |  |  | $ | 29,073 |
Weighted average common shares outstanding |  |  | 18,037 |  |  |  | 18,429 |  |  |  | 18,472 |
Net potential common share equivalents |  |  | — |  |  |  | 439 |  |  |  | 384 |
Adjusted weighted average common shares outstanding |  |  | 18,037 |  |  |  | 18,868 |  |  |  | 18,856 |
Diluted EPS |  | $ | (2.57 | ) |  | $ | 0.80 |  |  | $ | 1.54 |
Excluded from the calculation of common share equivalents: |  |  |  |  |  |  |  |  |
Anti-dilutive common share equivalents |  |  | — |  |  |  | 225 |  |  |  | 497 |
Excluded from the calculation of diluted shares: |  |  |  |  |  |  |  |  |
Unvested stock options that vest upon achievement of certain market conditions |  |  | 333 |  |  |  | 333 |  |  |  | 333 |
The calculation of earnings per common share is based on the weighted average number of UNIFI’s common shares outstanding for the applicable period. The calculation of diluted earnings per common share 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.

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