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Shareholders' Equity | 12 Months Ended
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Jul. 02, 2023
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | 15. Shareholders’ Equity On October 31, 2018, the Board approved a share repurchase program (the “2018 SRP”) under which UNIFI is authorized to acquire up to $50,000 of its common stock. Under the 2018 SRP, purchases may be made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements, and other factors. The share repurchase authorization is discretionary and has no expiration date. Repurchases, if any, are expected to be financed through cash generated from operations and borrowings, and are subject to applicable limitations and restrictions as set forth in the 2022 ABL Facility. UNIFI may discontinue repurchases at any time that management determines additional purchases are not beneficial or advisable. The following table summarizes UNIFI’s repurchases and retirements of its common stock under the 2018 SRP for the fiscal periods noted:
|  | Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs |  |  | Average Price Paid per Share |  |  | Approximate Dollar Value that May Yet Be Repurchased Under Publicly Announced Plans or Programs |
Fiscal 2019 |  |  | — |  |  | $ | — |  |  | $ | 50,000 |
Fiscal 2020 |  |  | 84 |  |  | $ | 23.72 |  |  | $ | 48,008 |
Fiscal 2021 |  |  | — |  |  | $ | — |  |  | $ | 48,008 |
Fiscal 2022 |  |  | 617 |  |  | $ | 14.84 |  |  | $ | 38,859 |
Fiscal 2023 |  |  | — |  |  | $ | — |  |  | $ | 38,859 |
Total |  |  | 701 |  |  | $ | 15.90 |  |  | $ | 38,859 |
As of July 2, 2023, $38,859 remained available for repurchase under the 2018 SRP. Repurchased shares are retired and have the status of authorized and unissued shares. The cost of the repurchased shares is recorded as a reduction to common stock to the extent of the par value of the shares acquired and the remainder is allocated between capital in excess of par value and retained earnings, on a pro rata basis. No dividends were paid in the three most recent fiscal years.

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