XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jul. 03, 2022
Statement of Cash Flows [Abstract]      
Cash and cash equivalents at beginning of year $ 46,960 $ 53,290 $ 78,253
Operating activities:      
Net (loss) income (47,395) (46,344) 15,171
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Equity in loss (earnings) of unconsolidated affiliates 390 (896) (605)
Distributions received from unconsolidated affiliates 1,000   750
Depreciation and amortization expense 27,669 27,186 26,207
Non-cash compensation expense 2,074 2,805 3,555
Deferred income taxes (3,543) (2,788) (3,119)
Loss on disposal of assets 62 278 48
Impairment for asset abandonment [1]   8,247  
Recovery of taxes, net   (3,799) 815
Other, net (50) 48 (99)
Changes in assets and liabilities:      
Receivables, net 1,989 23,138 (13,533)
Inventories 13,879 24,431 (34,749)
Other current assets 3,061 8,002 (2,860)
Income taxes 21 (751) 2,193
Accounts payable and other current liabilities 4,204 (35,701) 8,937
Other non-current assets (397) (471) 360
Other non-current liabilities (872) 1,355 (2,691)
Net cash provided by operating activities 2,092 4,740 380
Investing activities:      
Capital expenditures (11,189) (36,434) (39,631)
Other, net 519 209 (2,103)
Net cash used by investing activities (10,670) (36,225) (41,734)
Financing activities:      
Proceeds from ABL Revolver 149,600 194,700 158,000
Payments on ABL Revolver (148,000) (165,400) (116,700)
Payments on ABL Term Loan (9,200) (7,100) (12,500)
Proceeds from construction financing   6,533 2,340
Payments on finance lease obligations (3,001) (2,123) (3,707)
Common stock repurchased and retired under publicly announced program     (9,151)
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions (76) (69) (345)
Other 70 (603) 28
Net cash (used) provided by financing activities (10,607) 25,938 17,965
Effect of exchange rate changes on cash and cash equivalents (970) (783) (1,574)
Net decrease in cash and cash equivalents (20,155) (6,330) (24,963)
Cash and cash equivalents at end of year $ 26,805 $ 46,960 $ 53,290
[1] In fiscal 2023, UNIFI abandoned certain specialized machinery in the Americas and recorded an impairment charge.