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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

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