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Restructuring Costs | 9 Months Ended
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Mar. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring Costs | 15. Restructuring Costs On February 3, 2025, UNIFI announced the pending closure of a facility in Madison, North Carolina, and a plan to transition the associated manufacturing operations to other production facilities in North and Central America, and began immediately marketing the property for sale. UNIFI expects to incur restructuring charges for equipment relocation or disposal costs, employee retention or separation costs, and other closure-related costs including asset impairment. UNIFI expects that the restructuring charges, other than any asset impairment, will consist of cash payments, which are anticipated to continue through the end of this calendar year. In fiscal 2024, UNIFI initiated the Profitability Improvement Plan intended to lower operating expenses for both production and administrative activities. The restructuring expenses incurred in all periods primarily impacted the Americas Segment. A summary of the restructuring activities consists of the following:
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | March 30, 2025 |  |  | March 31, 2024 |  |  | March 30, 2025 |  |  | March 31, 2024 |
Facility closure and equipment relocation costs |  | $ | 1,088 |  |  | $ | — |  |  | $ | 1,088 |  |  | $ | — |
Employee separation or retention costs |  |  | 232 |  |  |  | — |  |  |  | 232 |  |  |  | 2,351 |
Dissolution of joint venture |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,750 |
Restructuring costs |  |  | 1,320 |  |  |  | — |  |  |  | 1,320 |  |  |  | 5,101 |
Cash payments |  |  | 1,094 |  |  |  | — |  |  |  | 1,094 |  |  |  | 3,699 |
Non-cash charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Ending Liability |  |  | 226 |  |  |  | — |  |  |  | 226 |  |  |  | 1,402 |
UNIFI estimates it will incur between $6,000 and $8,000 of additional restructuring costs over the next 3 to 6 months related to the closure of the Madison facility. Subsequent to quarter-end, on April 10, 2025, UNIFI entered into a Real Estate Purchase and Sale Agreement ("the Purchase Agreement") related to the sale of the Madison, North Carolina facility, as well as certain machinery and equipment located thereon, f or a cash purchase price of $53,200. The closing of the transaction is expected to occur on May 15, 2025, unless accelerated by Buyer pursuant to the terms of the Purchase Agreement. The net proceeds of the transaction will be used to repay a portion of the principal balance of term loans and revolving loans outstanding under the 2022 Credit Agreement.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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