XML 27 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Business Segment Information | 9 Months Ended
--- | ---
Mar. 30, 2025
Segment Reporting [Abstract] |
Business Segment Information | 12. Business Segment Information UNIFI defines operating segments as components of the organization for which discrete financial information is available and operating results are evaluated on a regular basis by UNIFI’s chief executive officer, who is the chief operating decision maker (the “CODM”), in order to assess performance and allocate resources. Characteristics of UNIFI which were relied upon in making the determination of reportable segments include the nature of the products sold, the internal organizational structure, the trade policies in the geographic regions in which UNIFI operates, and the information that is regularly reviewed by the CODM for the purpose of assessing performance and allocating resources. UNIFI's three reportable segments are organized as follows: • The operations within the Americas Segment exhibit similar long-term economic characteristics and primarily sell into an economic trading zone covered by the United States-Mexico-Canada Agreement and the Dominican Republic-Central America Free Trade Agreement to similar customers utilizing similar methods of distribution. These operations derive revenues primarily from manufacturing synthetic and recycled textile products with sales primarily to yarn manufacturers, knitters, and weavers that produce yarn and/or fabric for the apparel, hosiery, automotive, home furnishings, industrial, medical, and other end-use markets principally in North and Central America. The Americas Segment consists of sales and manufacturing operations in the U.S., El Salvador, and Colombia. • The Brazil Segment primarily manufactures and sells polyester-based products to knitters and weavers that produce fabric for the apparel, automotive, home furnishings, industrial, and other end-use markets principally in Brazil. The Brazil Segment includes a manufacturing location and sales offices in Brazil. • The operations within the Asia Segment exhibit similar long-term economic characteristics and sell to similar customers utilizing similar methods of distribution primarily in Asia and Europe. The Asia Segment primarily sources synthetic and recycled textile products from third-party suppliers and sells to yarn manufacturers, knitters, and weavers that produce fabric for the apparel, automotive, home furnishings, industrial, and other end-use markets principally in Asia and Europe. The Asia Segment includes sales offices in China, Turkey, Hong Kong, and India. UNIFI evaluates the operating performance of its segments based upon Segment (Loss) Profit, which represents segment gross (loss) profit plus segment depreciation expense. This measurement of segment profit or loss best aligns segment reporting with the current assessments and evaluations performed by, and information provided to, the CODM. The accounting policies for the segments are consistent with UNIFI’s accounting policies. Intersegment sales are omitted from segment disclosures, as they are (i) insignificant to UNIFI’s segments and eliminated from consolidated reporting and (ii) excluded from segment evaluations performed by the CODM. Selected financial information is presented below:
|  | For the Three Months Ended March 30, 2025 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 93,544 |  |  | $ | 28,124 |  |  | $ | 24,889 |  |  | $ | 146,557 |
Cost of sales |  |  | 100,501 |  |  |  | 25,136 |  |  |  | 21,365 |  |  |  | 147,002 |
Gross (loss) profit |  |  | (6,957 | ) |  |  | 2,988 |  |  |  | 3,524 |  |  |  | (445 | )
Segment depreciation expense |  |  | 5,251 |  |  |  | 701 |  |  |  | 13 |  |  |  | 5,965 |
Segment (Loss) Profit |  | $ | (1,706 | ) |  | $ | 3,689 |  |  | $ | 3,537 |  |  | $ | 5,520 |
|  | For the Three Months Ended March 31, 2024 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 91,130 |  |  | $ | 29,573 |  |  | $ | 28,293 |  |  | $ | 148,996 |
Cost of sales |  |  | 94,644 |  |  |  | 25,736 |  |  |  | 23,852 |  |  |  | 144,232 |
Gross (loss) profit |  |  | (3,514 | ) |  |  | 3,837 |  |  |  | 4,441 |  |  |  | 4,764 |
Segment depreciation expense |  |  | 5,473 |  |  |  | 841 |  |  |  | — |  |  |  | 6,314 |
Segment Profit |  | $ | 1,959 |  |  | $ | 4,678 |  |  | $ | 4,441 |  |  | $ | 11,078 |
|  | For the Nine Months Ended March 30, 2025 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 262,922 |  |  | $ | 89,916 |  |  | $ | 79,971 |  |  | $ | 432,809 |
Cost of sales |  |  | 277,797 |  |  |  | 75,205 |  |  |  | 70,260 |  |  |  | 423,262 |
Gross (loss) profit |  |  | (14,875 | ) |  |  | 14,711 |  |  |  | 9,711 |  |  |  | 9,547 |
Segment depreciation expense |  |  | 15,995 |  |  |  | 2,044 |  |  |  | 44 |  |  |  | 18,083 |
Segment Profit |  | $ | 1,120 |  |  | $ | 16,755 |  |  | $ | 9,755 |  |  | $ | 27,630 |
|  | For the Nine Months Ended March 31, 2024 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 253,252 |  |  | $ | 85,543 |  |  | $ | 85,962 |  |  | $ | 424,757 |
Cost of sales |  |  | 270,884 |  |  |  | 76,400 |  |  |  | 71,648 |  |  |  | 418,932 |
Gross (loss) profit |  |  | (17,632 | ) |  |  | 9,143 |  |  |  | 14,314 |  |  |  | 5,825 |
Segment depreciation expense |  |  | 16,478 |  |  |  | 2,447 |  |  |  | — |  |  |  | 18,925 |
Segment (Loss) Profit |  | $ | (1,154 | ) |  | $ | 11,590 |  |  | $ | 14,314 |  |  | $ | 24,750 |
The reconciliations of segment gross profit to consolidated loss before income taxes are as follows:
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | March 30, 2025 |  |  | March 31, 2024 |  |  | March 30, 2025 |  |  | March 31, 2024 |
Americas |  | $ | (6,957 | ) |  | $ | (3,514 | ) |  | $ | (14,875 | ) |  | $ | (17,632 | )
Brazil |  |  | 2,988 |  |  |  | 3,837 |  |  |  | 14,711 |  |  |  | 9,143 |
Asia |  |  | 3,524 |  |  |  | 4,441 |  |  |  | 9,711 |  |  |  | 14,314 |
Segment gross (loss) profit |  |  | (445 | ) |  |  | 4,764 |  |  |  | 9,547 |  |  |  | 5,825 |
Selling, general and administrative expenses |  |  | 12,295 |  |  |  | 11,372 |  |  |  | 37,058 |  |  |  | 35,389 |
(Benefit) provision for bad debts |  |  | (255 | ) |  |  | 179 |  |  |  | (39 | ) |  |  | 1,259 |
Gain on sale of assets |  |  | — |  |  |  | — |  |  |  | (4,296 | ) |  |  | — |
Restructuring costs |  |  | 1,320 |  |  |  | — |  |  |  | 1,320 |  |  |  | 5,101 |
Other operating expense, net |  |  | 55 |  |  |  | 139 |  |  |  | 144 |  |  |  | 674 |
Operating loss |  |  | (13,860 | ) |  |  | (6,926 | ) |  |  | (24,640 | ) |  |  | (36,598 | )
Interest income |  |  | (198 | ) |  |  | (432 | ) |  |  | (632 | ) |  |  | (1,710 | )
Interest expense |  |  | 2,417 |  |  |  | 2,407 |  |  |  | 7,322 |  |  |  | 7,505 |
Equity in loss of unconsolidated affiliates |  |  | 216 |  |  |  | 604 |  |  |  | 467 |  |  |  | 311 |
Loss before income taxes |  | $ | (16,295 | ) |  | $ | (9,505 | ) |  | $ | (31,797 | ) |  | $ | (42,704 | )
There have been no material changes in segment assets during fiscal 2025.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration