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Leases (Tables)

12 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Balance Sheet Location and Values of Company's Lease Assets and Lease Liabilities

The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities:


Classification		Balance Sheet Location		June 30, 2024				July 2, 2023
Lease Assets
Operating lease assets		Operating lease assets		$	8,245			$	7,791
Finance lease assets		Property, plant & equipment, net			10,695				10,947
Total lease assets				$	18,940			$	18,738

Lease Liabilities
Current operating lease liabilities		Current operating lease liabilities		$	2,251			$	1,813
Current finance lease liabilities		Current portion of long-term debt			3,078				2,806
Total current lease liabilities				$	5,329			$	4,619

Non-current operating lease liabilities		Non-current operating lease liabilities		$	6,124			$	6,146
Non-current finance lease liabilities		Long-term debt			6,321				7,961
Total non-current lease liabilities				$	12,445			$	14,107

Total lease liabilities				$	17,774			$	18,726

Schedule of Components of Lease Cost

The following table sets forth the components of UNIFI’s total lease cost for fiscal 2024 and 2023:


Lease Cost		Fiscal 2024				Fiscal 2023
Operating lease cost		$	2,547			$	2,686
Variable lease cost			617				545
Finance lease cost:
Amortization of lease assets			1,885				1,546
Interest on lease liabilities			532				344
Short-term lease cost			1,155				1,013
Total lease cost		$	6,736			$	6,134

Schedule of Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases

The following table presents supplemental information related to leases:


Other Information		Fiscal 2024				Fiscal 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used by operating leases		$	2,547			$	2,686
Financing cash flows used by finance leases		$	3,001			$	2,123
Non-cash activities:
Leased assets obtained in exchange for new operating lease liabilities		$	2,536			$	2,733
Leased assets obtained in exchange for new finance lease liabilities		$	1,633			$	5,629

Schedule of Weighted-Average Remaining Lease Term and Discount Rate for Operating Leases and Finance Leases

The following table sets forth UNIFI's weighted average remaining lease term in years and discount rate percentage used in the calculation of its outstanding lease liabilities:


Weighted Average Remaining Lease Term and Discount Rate		June 30, 2024				July 2, 2023
Weighted average remaining lease term (years):
Operating leases			4.9				6.0
Finance leases			3.2				3.9
Weighted average discount rate (percentage):
Operating leases			4.9	%			3.0	%
Finance leases			5.2	%			4.8	%

Schedule of Future Minimum Lease Payments for Finance Leases and Operating Leases

Future minimum finance lease payments and future minimum payments under non-cancelable operating leases with initial lease terms in excess of one year as of June 30, 2024 by fiscal year were:


Maturity of Lease Liabilities		Finance Leases				Operating Leases
Fiscal 2025		$	3,571			$	2,605
Fiscal 2026			3,075				2,172
Fiscal 2027			2,500				1,751
Fiscal 2028			1,340				1,040
Fiscal 2029			64				1,056
Fiscal years thereafter			—				1,186
Total minimum lease payments		$	10,550			$	9,810
Less estimated executory costs			(263	)			—
Less imputed interest			(888	)			(1,435	)
Present value of net minimum lease payments			9,399				8,375
Less current portion of lease obligations			(3,078	)			(2,251	)
Long-term portion of lease obligations		$	6,321			$	6,124