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v3.23.2

Business Segment Information (Tables) | 12 Months Ended
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Jul. 02, 2023
Segment Reporting [Abstract] |
Selected Financial Information for Polyester, Nylon, International and Other Segments | Selected financial information is presented below:
|  | Fiscal 2023 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 389,662 |  |  | $ | 119,062 |  |  | $ | 114,803 |  |  | $ | 623,527 |
Cost of sales |  |  | 404,321 |  |  |  | 106,900 |  |  |  | 98,065 |  |  |  | 609,286 |
Gross (loss) profit |  |  | (14,659 | ) |  |  | 12,162 |  |  |  | 16,738 |  |  |  | 14,241 |
Segment depreciation expense |  |  | 22,044 |  |  |  | 2,035 |  |  |  | — |  |  |  | 24,079 |
Segment Profit |  | $ | 7,385 |  |  | $ | 14,197 |  |  | $ | 16,738 |  |  | $ | 38,320 |
|  | Fiscal 2022 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 483,085 |  |  | $ | 126,066 |  |  | $ | 206,607 |  |  | $ | 815,758 |
Cost of sales |  |  | 458,617 |  |  |  | 98,925 |  |  |  | 177,731 |  |  |  | 735,273 |
Gross profit |  |  | 24,468 |  |  |  | 27,141 |  |  |  | 28,876 |  |  |  | 80,485 |
Segment depreciation expense |  |  | 21,153 |  |  |  | 1,500 |  |  |  | — |  |  |  | 22,653 |
Segment Profit |  | $ | 45,621 |  |  | $ | 28,641 |  |  | $ | 28,876 |  |  | $ | 103,138 |
|  | Fiscal 2021 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 386,779 |  |  | $ | 95,976 |  |  | $ | 184,837 |  |  | $ | 667,592 |
Cost of sales |  |  | 350,373 |  |  |  | 64,281 |  |  |  | 159,444 |  |  |  | 574,098 |
Gross profit |  |  | 36,406 |  |  |  | 31,695 |  |  |  | 25,393 |  |  |  | 93,494 |
Segment depreciation expense |  |  | 21,054 |  |  |  | 1,315 |  |  |  | — |  |  |  | 22,369 |
Segment Profit |  | $ | 57,460 |  |  | $ | 33,010 |  |  | $ | 25,393 |  |  | $ | 115,863 |
Reconciliations of Segment Gross Profit to Consolidated (loss) income Before Income Taxes | The reconciliations of segment gross profit to consolidated (loss) income before income taxes are as follows:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Americas |  | $ | (14,659 | ) |  | $ | 24,468 |  |  | $ | 36,406 |
Brazil |  |  | 12,162 |  |  |  | 27,141 |  |  |  | 31,695 |
Asia |  |  | 16,738 |  |  |  | 28,876 |  |  |  | 25,393 |
Segment gross profit |  |  | 14,241 |  |  |  | 80,485 |  |  |  | 93,494 |
SG&A |  |  | 47,345 |  |  |  | 52,489 |  |  |  | 51,334 |
Benefit for bad debts |  |  | (89 | ) |  |  | (445 | ) |  |  | (1,316 | )
Other operating expenses (income), net |  |  | 7,856 |  |  |  | (158 | ) |  |  | 4,865 |
Operating (loss) income |  |  | (40,871 | ) |  |  | 28,599 |  |  |  | 38,611 |
Interest income |  |  | (2,109 | ) |  |  | (1,524 | ) |  |  | (603 | )
Interest expense |  |  | 7,577 |  |  |  | 3,085 |  |  |  | 3,323 |
Equity in earnings of unconsolidated affiliates |  |  | (896 | ) |  |  | (605 | ) |  |  | (739 | )
Recovery of non-income taxes, net |  |  | — |  |  |  | 815 |  |  |  | (9,717 | )
(Loss) income before income taxes |  | $ | (45,443 | ) |  | $ | 26,828 |  |  | $ | 46,347 |
Reconciliation of Segment Depreciation and Amortization Expense to Consolidated Depreciation and Amortization Expense | The reconciliations of segment depreciation and amortization expense to consolidated depreciation and amortization expense are as follows:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Americas |  | $ | 22,044 |  |  | $ | 21,153 |  |  | $ | 21,054 |
Brazil |  |  | 2,035 |  |  |  | 1,500 |  |  |  | 1,315 |
Asia |  |  | — |  |  |  | — |  |  |  | — |
Segment depreciation expense |  |  | 24,079 |  |  |  | 22,653 |  |  |  | 22,369 |
Other depreciation and amortization expense |  |  | 3,107 |  |  |  | 3,554 |  |  |  | 3,159 |
Depreciation and amortization expense |  | $ | 27,186 |  |  | $ | 26,207 |  |  | $ | 25,528 |
Reconciliation of Segment Capital Expenditures to Consolidated Capital Expenditures | The reconciliations of segment capital expenditures to consolidated capital expenditures are as follows:
|  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Americas |  | $ | 25,943 |  |  | $ | 29,841 |  |  | $ | 16,053 |
Brazil |  |  | 10,244 |  |  |  | 9,253 |  |  |  | 3,461 |
Asia |  |  | 41 |  |  |  | 236 |  |  |  | 666 |
Segment capital expenditures |  |  | 36,228 |  |  |  | 39,330 |  |  |  | 20,180 |
Other capital expenditures |  |  | 206 |  |  |  | 301 |  |  |  | 998 |
Capital expenditures |  | $ | 36,434 |  |  | $ | 39,631 |  |  | $ | 21,178 |
Reconciliation of Segment Total Assets to Consolidated Total Assets | The reconciliations of segment total assets to consolidated total assets are as follows:
|  | July 2, 2023 |  |  | July 3, 2022 |
Americas |  | $ | 334,303 |  |  | $ | 379,898 |
Brazil |  |  | 115,676 |  |  |  | 98,731 |
Asia |  |  | 60,752 |  |  |  | 81,322 |
Segment total assets |  |  | 510,731 |  |  |  | 559,951 |
Other current assets |  |  | 5,179 |  |  |  | 5,145 |
Other PP&E |  |  | 15,034 |  |  |  | 17,809 |
Other operating lease assets |  |  | 504 |  |  |  | 756 |
Other non-current assets |  |  | 4,374 |  |  |  | 2,985 |
Investments in unconsolidated affiliates |  |  | 2,997 |  |  |  | 2,072 |
Total assets |  | $ | 538,819 |  |  | $ | 588,718 |
Geographic Information for Net Sales |
Net Sales |  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
U.S. |  | $ | 355,197 |  |  | $ | 430,381 |  |  | $ | 341,897 |
China |  |  | 100,183 |  |  |  | 185,558 |  |  |  | 171,261 |
Brazil |  |  | 119,061 |  |  |  | 126,066 |  |  |  | 95,976 |
Remaining Foreign Countries |  |  | 49,086 |  |  |  | 73,753 |  |  |  | 58,458 |
Total |  | $ | 623,527 |  |  | $ | 815,758 |  |  | $ | 667,592 |
Export sales from UNIFI’s U.S. operations to external customers |  | $ | 52,051 |  |  | $ | 74,589 |  |  | $ | 59,055 |
Geographic Information for Long-lived Assets |
Long-Lived Assets |  | July 2, 2023 |  |  | July 3, 2022 |
U.S. |  | $ | 184,249 |  |  | $ | 196,885 |
Brazil |  |  | 36,945 |  |  |  | 21,927 |
China |  |  | 968 |  |  |  | 2,211 |
Remaining Foreign Countries |  |  | 18,658 |  |  |  | 12,932 |
Total |  | $ | 240,820 |  |  | $ | 233,955 |

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