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Other Financial Data | 6 Months Ended
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Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Other Financial Data | 16. Other Financial Data Select balance sheet information is presented in the following table.
|  | December 31, 2023 |  |  | July 2, 2023 |
Receivables, net: |  |  |  |  |  |
Customer receivables |  | $ | 66,537 |  |  | $ | 79,174 |
Allowance for uncollectible accounts |  |  | (2,452 | ) |  |  | (1,362 | )
Reserves for quality claims |  |  | (709 | ) |  |  | (682 | )
Net customer receivables |  |  | 63,376 |  |  |  | 77,130 |
Banker's acceptance notes |  |  | 5,446 |  |  |  | 5,870 |
Other receivables |  |  | 761 |  |  |  | 725 |
Total receivables, net |  | $ | 69,583 |  |  | $ | 83,725 |
Inventories: |  |  |  |  |  |
Raw materials |  | $ | 58,448 |  |  | $ | 59,983 |
Supplies |  |  | 11,871 |  |  |  | 11,787 |
Work in process |  |  | 7,077 |  |  |  | 6,633 |
Finished goods |  |  | 65,646 |  |  |  | 78,032 |
Gross inventories |  |  | 143,042 |  |  |  | 156,435 |
Net realizable value adjustment |  |  | (7,366 | ) |  |  | (5,625 | )
Total inventories |  | $ | 135,676 |  |  | $ | 150,810 |
Other current assets: |  |  |  |  |  |
Vendor deposits |  | $ | 4,608 |  |  | $ | 3,863 |
Prepaid expenses and other |  |  | 3,826 |  |  |  | 2,584 |
Value-added taxes receivable |  |  | 2,893 |  |  |  | 3,398 |
Contract assets |  |  | 769 |  |  |  | 549 |
Recovery of non-income taxes, net |  |  | 194 |  |  |  | 1,933 |
Total other current assets |  | $ | 12,290 |  |  | $ | 12,327 |
Property, plant and equipment, net: |  |  |  |  |  |
Land |  | $ | 2,512 |  |  | $ | 2,512 |
Land improvements |  |  | 16,445 |  |  |  | 16,443 |
Buildings and improvements |  |  | 168,231 |  |  |  | 167,589 |
Assets under finance leases |  |  | 18,030 |  |  |  | 16,397 |
Machinery and equipment |  |  | 659,553 |  |  |  | 656,431 |
Computers, software and office equipment |  |  | 25,370 |  |  |  | 26,654 |
Transportation equipment |  |  | 10,731 |  |  |  | 10,710 |
Construction in progress |  |  | 3,635 |  |  |  | 10,003 |
Gross property, plant and equipment |  |  | 904,507 |  |  |  | 906,739 |
Less: accumulated depreciation |  |  | (688,687 | ) |  |  | (682,768 | )
Less: accumulated amortization – finance leases |  |  | (6,385 | ) |  |  | (5,450 | )
Total property, plant and equipment, net |  | $ | 209,435 |  |  | $ | 218,521 |
Other non-current assets: |  |  |  |  |  |
Recovery of taxes |  | $ | 6,156 |  |  | $ | 5,957 |
Investments in unconsolidated affiliates |  |  | 3,101 |  |  |  | 2,997 |
Grantor trust |  |  | 2,618 |  |  |  | 2,496 |
Intangible assets, net |  |  | 736 |  |  |  | 1,210 |
Other |  |  | 2,228 |  |  |  | 1,848 |
Total other non-current assets |  | $ | 14,839 |  |  | $ | 14,508 |
Other current liabilities: |  |  |  |  |  |
Payroll and fringe benefits |  | $ | 4,827 |  |  | $ | 6,981 |
Severance (1) |  |  | 2,351 |  |  |  | — |
Incentive compensation |  |  | 1,856 |  |  |  | 298 |
Dissolution of joint venture |  |  | 1,550 |  |  |  | — |
Utilities |  |  | 1,476 |  |  |  | 1,634 |
Deferred revenue |  |  | 1,293 |  |  |  | 1,441 |
Property taxes, interest and other |  |  | 4,056 |  |  |  | 2,578 |
Total other current liabilities |  | $ | 17,409 |  |  | $ | 12,932 |
Other long-term liabilities: |  |  |  |  |  |
Nonqualified deferred compensation plan obligation |  | $ | 2,675 |  |  | $ | 2,659 |
Uncertain tax positions |  |  | 1,032 |  |  |  | 1,973 |
Other |  |  | 426 |  |  |  | 468 |
Total other long-term liabilities |  | $ | 4,133 |  |  | $ | 5,100 |
(1) During the second quarter of fiscal 2024, UNIFI recorded $2,351 of severance expenses related to a cost reduction plan intended to lower operating expenses for both production and administrative activities, included in Restructuring costs on the Condensed Consolidated Statements of Operations and Comprehensive Loss. Most of the restructuring expenses incurred impact the Americas Segment and UNIFI does not anticipate any additional, material restructuring costs at this time.

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