Computation of Earnings Per Share

12 Months Ended

Jul. 02, 2023

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.