Unifi (UFI) 10-Q 7 Feb 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2023	Feb. 01, 2024
Cover [Abstract]
Entity Registrant Name	UNIFI, INC.
Entity Central Index Key	0000100726
Entity File Number	1-10542
Entity Tax Identification Number	11-2165495
Trading Symbol	UFI
Entity Incorporation, State or Country Code	NY
Current Fiscal Year End Date	--07-02
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.10 per share
Security Exchange Name	NYSE
Entity Address, Address Line One	7201 West Friendly Avenue
Entity Address, City or Town	Greensboro
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27410
City Area Code	336
Local Phone Number	294-4410
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding (in shares)		18,158,306

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2023	Jul. 02, 2023
ASSETS
Cash and cash equivalents	$ 35,979	$ 46,960
Receivables, net	69,583	83,725
Inventories	135,676	150,810
Income taxes receivable	2,421	238
Other current assets	12,290	12,327
Total current assets	255,949	294,060
Property, plant and equipment, net	209,435	218,521
Operating lease assets	7,094	7,791
Deferred income taxes	4,812	3,939
Other non-current assets	14,839	14,508
Total assets	492,129	538,819
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	34,709	44,455
Income taxes payable	2,263	789
Current operating lease liabilities	1,733	1,813
Current portion of long-term debt	12,357	12,006
Other current liabilities	17,409	12,932
Total current liabilities	68,471	71,995
Long-term debt	120,144	128,604
Non-current operating lease liabilities	5,515	6,146
Deferred income taxes	2,526	3,364
Other long-term liabilities	4,133	5,100
Total liabilities	200,789	215,209
Commitments and contingencies
Common stock, $0.10 par value (500,000,000 shares authorized; 18,150,602 and 18,081,538 shares issued and outstanding as of December 31, 2023 and July 2, 2023, respectively)	1,815	1,808
Capital in excess of par value	70,254	68,901
Retained earnings	273,676	306,792
Accumulated other comprehensive loss	(54,405)	(53,891)
Total shareholders’ equity	291,340	323,610
Total liabilities and shareholders’ equity	$ 492,129	$ 538,819

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 2023	Jul. 02, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	18,150,602	18,081,538
Common stock, shares outstanding (in shares)	18,150,602	18,081,538

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations And Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2023	Jan. 01, 2023
Income Statement [Abstract]
Net sales	$ 136,917	$ 136,212	$ 275,761	$ 315,731
Cost of sales	135,281	144,212	274,700	317,168
Gross profit (loss)	1,636	(8,000)	1,061	(1,437)
Selling, general and administrative expenses	12,408	11,748	24,017	23,521
Provision (benefit) for bad debts	1,289	(156)	1,080	18
Restructuring costs	5,101		5,101
Other operating expense (income), net	481	226	535	(463)
Operating loss	(17,643)	(19,818)	(29,672)	(24,513)
Interest income	(697)	(514)	(1,278)	(1,061)
Interest expense	2,613	1,889	5,098	3,136
Equity in earnings of unconsolidated affiliates	(93)	(86)	(293)	(381)
Loss before income taxes	(19,466)	(21,107)	(33,199)	(26,207)
Provision (benefit) for income taxes	380	(3,070)	(83)	(336)
Net loss	$ (19,846)	$ (18,037)	$ (33,116)	$ (25,871)
Net loss per common share:
Basic	$ (1.1)	$ (1)	$ (1.83)	$ (1.44)
Diluted	$ (1.1)	$ (1)	$ (1.83)	$ (1.44)
Statement of Comprehensive Income [Abstract]
Net loss	$ (19,846)	$ (18,037)	$ (33,116)	$ (25,871)
Other comprehensive income (loss):
Foreign currency translation adjustments	5,026	3,447	(514)	(2,461)
Other comprehensive income (loss), net	5,026	3,447	(514)	(2,461)
Comprehensive loss	$ (14,820)	$ (14,590)	$ (33,630)	$ (28,332)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Jul. 03, 2022	$ 361,449	$ 1,798	$ 66,120	$ 353,136	$ (59,605)
Balance (in shares) at Jul. 03, 2022		17,979,000
Options exercised	19		19
Options exercised (in shares)		3,000
Conversion of equity units		$ 7	(7)
Conversion of equity units (in shares)		62,000
Stock-based compensation	1,809	$ 1	1,808
Stock-based compensation (in shares)		12,000
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions	(66)	$ (1)	(65)
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions (in shares)		(7,000)
Other comprehensive loss, net of tax	(2,461)				(2,461)
Net loss	(25,871)			(25,871)
Balance at Jan. 01, 2023	334,879	$ 1,805	67,875	327,265	(62,066)
Balance (in shares) at Jan. 01, 2023		18,049,000
Balance at Oct. 02, 2022	348,299	$ 1,801	66,709	345,302	(65,513)
Balance (in shares) at Oct. 02, 2022		18,012,000
Options exercised	2		2
Conversion of equity units		$ 4	(4)
Conversion of equity units (in shares)		31,000
Stock-based compensation	1,218	$ 1	1,217
Stock-based compensation (in shares)		12,000
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions	(50)	$ (1)	(49)
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions (in shares)		(6,000)
Other comprehensive loss, net of tax	3,447				3,447
Net loss	(18,037)			(18,037)
Balance at Jan. 01, 2023	334,879	$ 1,805	67,875	327,265	(62,066)
Balance (in shares) at Jan. 01, 2023		18,049,000
Balance at Jul. 02, 2023	$ 323,610	$ 1,808	68,901	306,792	(53,891)
Balance (in shares) at Jul. 02, 2023	18,081,538	18,081,000
Options exercised	$ 39		39
Options exercised (in shares)		5,000
Conversion of equity units		$ 7	(7)
Conversion of equity units (in shares)		66,000
Stock-based compensation	1,382	$ 1	1,381
Stock-based compensation (in shares)		7,000
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions	(61)	$ (1)	(60)
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions (in shares)		(9,000)
Other comprehensive loss, net of tax	(514)				(514)
Net loss	(33,116)			(33,116)
Balance at Dec. 31, 2023	$ 291,340	$ 1,815	70,254	273,676	(54,405)
Balance (in shares) at Dec. 31, 2023	18,150,602	18,150,000
Balance at Oct. 01, 2023	$ 305,029	$ 1,808	69,130	293,522	(59,431)
Balance (in shares) at Oct. 01, 2023		18,085,000
Options exercised	18		18
Options exercised (in shares)		2,000
Conversion of equity units		$ 7	(7)
Conversion of equity units (in shares)		65,000
Stock-based compensation	1,173	$ 1	1,172
Stock-based compensation (in shares)		7,000
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions	(60)	$ (1)	(59)
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions (in shares)		(9,000)
Other comprehensive loss, net of tax	5,026				5,026
Net loss	(19,846)			(19,846)
Balance at Dec. 31, 2023	$ 291,340	$ 1,815	$ 70,254	$ 273,676	$ (54,405)
Balance (in shares) at Dec. 31, 2023	18,150,602	18,150,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023
Statement of Cash Flows [Abstract]
Cash and cash equivalents at beginning of period	$ 46,960	$ 53,290
Operating activities:
Net loss	(33,116)	(25,871)
Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates	(293)	(381)
Depreciation and amortization expense	13,988	13,478
Non-cash compensation expense	1,387	1,976
Recovery of income taxes		(3,799)
Deferred income taxes	(1,714)	(304)
Other, net	(120)	289
Changes in assets and liabilities:
Receivables, net	14,367	40,552
Inventories	15,081	25,422
Other current assets	(402)	5,525
Income taxes	(727)	(2,655)
Accounts payable and other current liabilities	(4,763)	(47,599)
Other, net	(1,171)	639
Net cash provided by operating activities	2,517	7,272
Investing activities:
Capital expenditures	(5,982)	(23,950)
Other, net	488	(576)
Net cash used by investing activities	(5,494)	(24,526)
Financing activities:
Proceeds from ABL Revolver	80,600	96,800
Payments on ABL Revolver	(82,700)	(82,200)
Payments on ABL Term Loan	(4,600)	(2,500)
Proceeds from construction financing		4,900
Payments on finance lease obligations	(1,440)	(899)
Payments of debt financing fees		(658)
Other, net	(27)	(47)
Net cash (used) provided by financing activities	(8,167)	15,396
Effect of exchange rate changes on cash and cash equivalents	163	(651)
Net decrease in cash and cash equivalents	(10,981)	(2,509)
Cash and cash equivalents at end of period	$ 35,979	$ 50,781

Background

Background	6 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background	1. Background Unifi, Inc., a New York corporation formed in 1969 (together with its subsidiaries, “UNIFI,” the “Company,” “we,” “us,” or “our”), is a multinational company that manufactures and sells innovative recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers (UNIFI’s “direct customers”) that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets (UNIFI’s “indirect customers”). We sometimes refer to these indirect customers as “brand partners.” Polyester products include partially oriented yarn (“POY”) and textured, solution and package dyed, twisted, beamed, and draw wound yarns, and each is available in virgin or recycled varieties. Recycled solutions, made from both pre-consumer and post-consumer waste, include plastic bottle flake (“Flake”), polyester polymer beads (“Chip”), and staple fiber. Nylon products include virgin or recycled textured, solution dyed, and spandex covered yarns. UNIFI maintains one of the textile industry’s most comprehensive product offerings that includes a range of specialized, value-added, and commodity solutions, with principal geographic markets in North America, Central America, South America, Asia, and Europe. UNIFI has direct manufacturing operations in four countries and participates in joint ventures with operations in Israel and the United States (the “U.S.”). During the quarter ended December 31, 2023, UNIFI terminated the joint venture with operations in Israel.

Basis of Presentation; Condense

Basis of Presentation; Condensed Notes	6 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation; Condensed Notes	2. Basis of Presentation; Condensed Notes The accompanying condensed consolidated financial statements are unaudited and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. As contemplated by the instructions of the SEC to Form 10-Q, the following notes have been condensed and, therefore, do not contain all disclosures required in connection with annual financial statements. Reference should be made to UNIFI’s year-end audited consolidated financial statements and related notes thereto contained in its Annual Report on Form 10-K for the fiscal year ended July 2, 2023 (the “2023 Form 10-K”). The financial information included in this report has been prepared by UNIFI, without audit. In the opinion of management, all adjustments, which consist of normal, recurring adjustments, considered necessary for a fair statement of the results for interim periods have been included. Nevertheless, the results shown for interim periods are not necessarily indicative of results to be expected for the full year. The preparation of financial statements in conformity with GAAP requires management to make use of estimates and assumptions that affect the amounts reported and certain financial statement disclosures. Actual results may vary from these estimates. All amounts, except per share amounts, are presented in thousands (000s), except as otherwise noted. The fiscal quarter for each of Unifi, Inc., its primary domestic operating subsidiaries and its subsidiary in El Salvador ended on December 31, 2023. Unifi, Inc.’s remaining material operating subsidiaries’ fiscal quarter ended on December 31, 2023. The three-month periods ended December 31, 2023 and January 1, 2023 both consisted of 13 weeks. The six-month periods ended December 31, 2023 and January 1, 2023 both consisted of 26 weeks.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Dec. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	3. Recent Accounting Pronouncements Issued and Pending Adoption In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU No. 2023-07 expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The ASU is effective for UNIFI’s fiscal year 2025 for annual reporting and in the first quarter of fiscal 2026 for interim reporting, with early adoption permitted. UNIFI has not and does not expect to early adopt this standard. UNIFI does not expect this standard will have a material impact on its consolidated financial position, results of operations or cash flows. Based on UNIFI’s review of ASUs issued since the filing of the 2023 Form 10-K, there have been no other newly issued or newly applicable accounting pronouncements that have had, or are expected to have, a material impact on UNIFI’s consolidated financial statements.

Revenue

Revenue	6 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	4. Revenue The following tables present net sales disaggregated by (i) classification of customer type and (ii) REPREVE ® Fiber sales: Third-Party Manufacturer For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Third-party manufacturer $ 135,841 $ 135,018 $ 273,461 $ 313,230 Service 1,076 1,194 2,300 2,501 Net sales $ 136,917 $ 136,212 $ 275,761 $ 315,731 For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 REPREVE ® Fiber $ 45,725 $ 42,866 $ 88,186 $ 92,045 All other products and services 91,192 93,346 187,575 223,686 Net sales $ 136,917 $ 136,212 $ 275,761 $ 315,731 Third-party manufacturer revenue is primarily generated through sales to direct customers. Such sales represent satisfaction of UNIFI’s performance obligations required by the associated revenue contracts. Each of UNIFI’s reportable segments derives revenue from sales to third-party manufacturers. Service Revenue Service revenue is primarily generated, as services are rendered, through fulfillment of toll manufacturing of textile products or transportation services governed by written agreements. Such toll manufacturing and transportation services represent satisfaction of UNIFI’s performance obligations required by the associated revenue contracts. REPREVE ® Fiber REPREVE ® Fiber represents UNIFI's collection of fiber products on our recycled platform, with or without added technologies. Variable Consideration For all variable consideration, where appropriate, UNIFI estimates the amount using the expected value method, which takes into consideration historical experience, current contractual requirements, specific known market events, and forecasted customer buying and payment patterns. Overall, these reserves reflect UNIFI’s best estimates of the amount of consideration to which the customer is entitled based on the terms of the contracts. Variable consideration has been immaterial to UNIFI’s financial statements for all periods presented.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	5. Long-Term Debt Debt Obligations The following table and narrative presents the detail of UNIFI’s debt obl igations. Capitalized terms not otherwise defined within this Note shall have the meanings attributed to them in the Second Amended and Restated Credit Agreement, dated as of October 28, 2022 (the "2022 Credit Agreement"). Weighted Average Scheduled Interest Rate as of Principal Amounts as of Maturity Date December 31, 2023 December 31, 2023 July 2, 2023 ABL Revolver October 2027 7.0 % $ 16,000 $ 18,100 ABL Term Loan October 2027 7.0 % 105,800 110,400 Finance lease obligations (1) 5.1 % 10,960 10,767 Construction financing (2) 0.0 % — 1,632 Total debt 132,760 140,899 Current ABL Term Loan ( 9,200 ) ( 9,200 ) Current portion of finance lease obligations ( 3,157 ) ( 2,806 ) Unamortized debt issuance costs ( 259 ) ( 289 ) Total long-term debt $ 120,144 $ 128,604 (1) Scheduled maturity dates for finance lease obligations range from Marc h 2025 to September 2028 . (2) Refer to the discussion below under “ Construction Financing ” for further information. ABL Facility and Amendments There have been no changes to the 2022 Credit Agreement following the filing of the 2023 Form 10-K. Construction Financing In connection with the construction financing arrangement, UNIFI has borrow ed a total of $ 9,755 and transitioned $ 9,755 of comple ted asset costs to finance lease obligations as of December 31, 2023. There were no borrowings outstanding on this financing arrangement as of December 31, 2023.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes The provision (benefit) for income taxes and effective tax rate were as follows: For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Provision (benefit) for income taxes $ 380 $ ( 3,070 ) $ ( 83 ) $ ( 336 ) Effective tax rate ( 2.0 )% 14.5 % 0.3 % 1.3 % Income Tax Expense UNIFI’s provision (benefit) for income taxes for the six months ended December 31, 2023 and January 1, 2023 was calculated by applying the estimated annual effective tax rate to year-to-date pre-tax book income and adjusting for discrete items that occurred during the period. The effective tax rate for the three and six months ended December 31, 2023 varied from the U.S. federal statutory rate primarily due to the U.S. generated losses for which UNIFI does not expect to realize a future tax benefit. During the six months ended December 31, 2023, the Internal Revenue Service (“IRS”) audit of fiscal years 2014 through 2019 was concluded with a refund of $ 1,275 , which has been received along with $ 457 of interest on the overpayments. The impact from the IRS audit adjustments to the prior periods was insignificant. The effective tax rates for the three and six months ended January 1, 2023 varied from the U.S. federal statutory rate primarily due to losses for which UNIFI does not expect to realize a future benefit and a discrete tax benefit related to the recovery of certain Brazilian income taxes paid in prior years. Unrecognized Tax Benefits UNIFI regularly assesses the outcomes of both completed and ongoing examinations to ensure that its provision for income taxes is sufficient. Following the conclusion of the IRS audit, UNIFI adjusted the uncertain tax positions for fiscal years 2014 through 2019 that were effectively settled. The impact from releasing the netted uncertain tax position liabilities was insignificant. During the three months ended December 31, 2023, UNIFI released $ 853 accrued for interest and penalties after receiving the final assessment from the IRS.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Shareholders' Equity	7. Shareholders’ Equity On October 31, 2018, UNIFI announced that the Company's Board of Directors (the “Board”) approved a share repurchase program (the “2018 SRP”) under which UNIFI is authorized to acquire up to $ 50,000 of its common stock. The share repurchase authorization is discretionary and has no expiration date. No shares have been repurchased in fiscal 2023 and 2024 and $ 38,859 remains available for repurchase.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	8. Stock-Based Compensation On October 31, 2023 , UNIFI’s shareholders approved a First Amendment (the "First Amendment") to the Unifi, Inc. Second Amended and Restated 2013 Incentive Compensation Plan (the “2020 Plan”). The 2020 Plan set the initial number of shares available for future issuance ("share reserve") pursuant to awards granted under the 2020 Plan to 850 . The First Amendment increased the remaining share reserve by 1,100 . No additional awards can be granted under prior plans; however, awards outstanding under a respective prior plan remain subject to that plan’s provisions. The following table provides information as of December 31, 2023 with respect to the number of securities remaining available for future issuance under the 2020 Plan: Authorized under the 2020 Plan 850 Plus: Share reserve increase from First Amendment 1,100 Plus: Awards expired, forfeited or otherwise terminated unexercised 48 Less: Awards granted to employees ( 1,083 ) Less: Awards granted to non-employee directors ( 197 ) Available for issuance under the 2020 Plan 718

Fair Value of Financial Instrum

Fair Value of Financial Instruments and Non-Financial Assets and Liabilities	6 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments and Non-Financial Assets and Liabilities	9. Fair Value of Financial Instruments and Non-Financial Assets and Liabilities Financial Instruments For the six months ended December 31, 2023 and January 1, 2023, there were no significant changes to UNIFI’s assets and liabilities measured at fair value, and there were no transfers into or out of the levels of the fair value hierarchy. UNIFI believes that there have been no significant changes to its credit risk profile or the interest rates available to UNIFI for debt issuances with similar terms and average maturities, and UNIFI estimates that the fair values of its debt obligations approximate the carrying amounts. Other financial instruments include cash and cash equivalents, receivables, accounts payable, and accrued expenses. The financial statement carrying amounts of these items approximate the fair values due to their short-term nature. Grantor Trust The UNIFI, Inc. Deferred Compensation Plan (the “DCP”), established in fiscal 2022, is an unfunded non-qualified deferred compensation plan in which certain key emplo yees are eligible to participate. The fair values of the investment assets held by the grantor trust established in connection with the DCP were approximately $ 2,618 and $ 2,496 as of December 31, 2023 and July 2, 2023, respectively, and are classified as trading securities within Other non-current assets. The grantor trust assets have readily-available market values and are classified as Level 1 trading securities in the fair value hierarchy. Trading gains and losses associated with these investments are recorded to Other operating expense (income), net. The associated DCP liability is recorded within Other long-term liabilities, and any increase or decrease in the liability is also recorded in Other operating expense (income), net. During the six months ended December 31, 2023 and January 1, 2023, we rec orded net gains on investments held by the trust of $ 122 and $ 11 , respectively.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	10. Earnings Per Share The components of the calculation of earnings per share (“EPS”) are as follows: For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Net loss $ ( 19,846 ) $ ( 18,037 ) $ ( 33,116 ) $ ( 25,871 ) Basic weighted average shares 18,110 18,034 18,097 18,017 Net potential common share equivalents — — — — Diluted weighted average shares 18,110 18,034 18,097 18,017 Excluded from the calculation of common share equivalents: Anti-dilutive common share equivalents 577 739 577 703 Excluded from the calculation of diluted shares: Unvested stock options that vest upon achievement of certain market conditions 333 333 333 333 The calculation of EPS is based on the weighted average number of Unifi, Inc.’s common shares outstanding for the applicable period. The calculation of diluted EPS presents the effect of all potential dilutive common shares that were outstanding during the respective period, unless the effect of doing so is anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Collective Bargaining Agreements While employees of UNIFI’s Brazilian operations are unionized, none of the labor force employed by UNIFI’s domestic or other foreign subsidiaries is currently covered by a collective bargaining agreement.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	12. Related Party Transactions Related party balances and transactions are not material to the condensed consolidated financial statements and, accordingly, are not presented separately from other financial statement captions. There were no related party receivables as of December 31, 2023 and July 2, 2023. Related party payables for Salem Leasing Corporation consisted of the following: December 31, 2023 July 2, 2023 Accounts payable $ 350 $ 457 Operating lease obligations 403 502 Finance lease obligations 3,031 3,677 Total related party payables $ 3,784 $ 4,636 The following were the Company’s significant related party transactions: For the Three Months Ended For the Six Months Ended Affiliated Entity Transaction Type December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Salem Leasing Corporation Payments for transportation equipment costs and finance lease debt service $ 1,228 $ 1,184 $ 2,437 $ 2,383

Business Segment Information

Business Segment Information	6 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Business Segment Information	13. 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 principal 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 USMCA and CAFTA-DR 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. The Asia Segment includes sales offices in China, Turkey, and Hong Kong. UNIFI evaluates the operating performance of its segments based upon Segment Profit, which represents segment gross profit (loss) 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 December 31, 2023 Americas Brazil Asia Total Net sales $ 80,549 $ 26,061 $ 30,307 $ 136,917 Cost of sales 87,287 22,922 25,072 135,281 Gross (loss) profit ( 6,738 ) 3,139 5,235 1,636 Segment depreciation expense 5,508 766 — 6,274 Segment (Loss) Profit $ ( 1,230 ) $ 3,905 $ 5,235 $ 7,910 For the Three Months Ended January 1, 2023 Americas Brazil Asia Total Net sales $ 85,242 $ 25,687 $ 25,283 $ 136,212 Cost of sales 98,326 24,357 21,529 144,212 Gross (loss) profit ( 13,084 ) 1,330 3,754 ( 8,000 ) Segment depreciation expense 5,542 391 — 5,933 Segment (Loss) Profit $ ( 7,542 ) $ 1,721 $ 3,754 $ ( 2,067 ) For the Six Months Ended December 31, 2023 Americas Brazil Asia Total Net sales $ 162,122 $ 55,970 $ 57,669 $ 275,761 Cost of sales 176,240 50,664 47,796 274,700 Gross (loss) profit ( 14,118 ) 5,306 9,873 1,061 Segment depreciation expense 11,005 1,606 — 12,611 Segment (Loss) Profit $ ( 3,113 ) $ 6,912 $ 9,873 $ 13,672 For the Six Months Ended January 1, 2023 Americas Brazil Asia Total Net sales $ 192,886 $ 64,566 $ 58,279 $ 315,731 Cost of sales 210,839 56,449 49,880 317,168 Gross (loss) profit ( 17,953 ) 8,117 8,399 ( 1,437 ) Segment depreciation expense 11,022 861 — 11,883 Segment (Loss) Profit $ ( 6,931 ) $ 8,978 $ 8,399 $ 10,446 The reconciliations of segment gross profit (loss) to consolidated loss before income taxes are as follows: For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Americas $ ( 6,738 ) $ ( 13,084 ) $ ( 14,118 ) $ ( 17,953 ) Brazil 3,139 1,330 5,306 8,117 Asia 5,235 3,754 9,873 8,399 Segment gross profit (loss) 1,636 ( 8,000 ) 1,061 ( 1,437 ) Selling, general and administrative expenses 12,408 11,748 24,017 23,521 Provision (benefit) for bad debts 1,289 ( 156 ) 1,080 18 Restructuring costs 5,101 — 5,101 — Other operating expense (income), net 481 226 535 ( 463 ) Operating loss ( 17,643 ) ( 19,818 ) ( 29,672 ) ( 24,513 ) Interest income ( 697 ) ( 514 ) ( 1,278 ) ( 1,061 ) Interest expense 2,613 1,889 5,098 3,136 Equity in earnings of unconsolidated affiliates ( 93 ) ( 86 ) ( 293 ) ( 381 ) Loss before income taxes $ ( 19,466 ) $ ( 21,107 ) $ ( 33,199 ) $ ( 26,207 ) There have been no material changes in segment assets during fiscal 2024.

Investments in Unconsolidated A

Investments in Unconsolidated Affiliates	6 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Affiliates	14. Investments in Unconsolidated Affiliates Included within Other non-current assets are UNIFI’s investments in unconsolidated affiliates: U.N.F. Industries, Ltd. (“UNF”) and UNF America LLC (“UNFA”). U.N.F. Industries, Ltd. In December 2023, UNIFI dissolved its interest in UNF under an agreement whereby UNIFI agreed to pay the former joint venture partner $ 2,750 and recorded it as an associated contract termination cost within Restructuring costs on the Condensed Consolidated Statements of Operations and Comprehensive Loss. UNIFI made a payment to the former joint venture partner of $ 1,200 in the second quarter of fiscal 2024 and the remaining $ 1,550 is included in Other current liabilities, expected to be paid in the third quarter of fiscal 2024. Accordingly, the balance sheet information presented below as of December 31, 2023 does not include any amounts related to UNF. UNF America LLC Raw material and production services for UNFA are provided by Nilit America Inc. under separate supply and services agreements. UNFA’s fiscal year end is December 31, and it is a limited liability company located in Ridgeway, Virginia. UNFA is treated as a partnership for its income tax reporting. In conjunction with the formation of UNFA, UNIFI entered into a supply agreement with UNF and UNFA whereby UNIFI agreed to purchase all of its first quality nylon POY requirements for texturing (subject to certain exceptions) from either UNF or UNFA. The supply agreement has no stated minimum purchase quantities and pricing is typically negotiated every six months, based on market rates. As of December 31, 2023, UNIFI’s open purchase orders related to this supply agreement, all with UNFA, were $ 571 . UNIFI’s raw material purchases under this supply agreement consisted of the following: For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 UNFA $ 3,787 $ 5,390 $ 6,913 $ 12,791 UNF — — — 37 Total $ 3,787 $ 5,390 $ 6,913 $ 12,828 As of December 31, 2023, UNIFI had accounts payable due to UNFA of $ 2,020 , and as of July 2, 2023, UNIFI had combined accounts payable due to UNF and UNFA of $ 3,440 . UNIFI previously determined that UNF and UNFA were variable interest entities and also determined that UNIFI is the primary beneficiary of these entities, based on the terms of the supply agreement. As a result, these entities should be consolidated with UNIFI’s financial results. As (i) UNIFI purchases substantially all of the output from these entities and all intercompany sales would be eliminated in consolidation, (ii) the entities’ balance sheets constitute 5 % or less of UNIFI’s current assets and total assets, and (iii) such balances are not expected to comprise a larger portion in the future, UNIFI has not included the accounts of UNF and UNFA in its consolidated financial statements and instead is accounting for these entities as equity investments. The financial results of UNF and UNFA are included in UNIFI’s consolidated financial statements with a one-month lag, using the equity method of accounting and with intercompany profits eliminated in accordance with UNIFI’s accounting policy. Other than the supply agreement discussed above, UNIFI does not provide any other commitments or guarantees related to UNFA. As of December 31, 2023, UNIFI’s investment in UNFA was $ 3,101 . Condensed balance sheet and income statement information for UNIFI’s unconsolidated affiliates (including reciprocal balances) are presented in the tables below. December 31, 2023 July 2, 2023 Current assets $ 9,363 $ 10,608 Non-current assets 473 494 Current liabilities 3,634 7,304 Non-current liabilities — — Shareholders’ equity and capital accounts 6,202 3,798 UNIFI’s portion of undistributed earnings 3,042 2,938 For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Net sales $ 4,368 $ 7,224 $ 9,109 $ 16,035 Gross profit 9 444 647 933 (Loss) income from operations ( 467 ) 26 ( 271 ) 51 Net (loss) income ( 483 ) 14 ( 318 ) 29 Depreciation and amortization 7 28 21 56 Distributions received — — — —

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Dec. 31, 2023
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	15. Supplemental Cash Flow Information Cash payments for interest and taxes consist of the following: For the Six Months Ended December 31, 2023 January 1, 2023 Interest, net of capitalized interest of $ 104 and $ 239 , respectively $ 4,740 $ 2,739 Income tax payments, net 2,606 4,064 Cash payments for taxes shown above consist primarily of income and withholding tax payments made by UNIFI in both U.S. and foreign jurisdictions, net of refunds. Non-Cash Investing and Financing Activities As of December 31, 2023 and July 2, 2023, $ 621 and $ 1,137 , respectively, were included in accounts payable for unpaid capital expenditures. As of January 1, 2023 and July 3, 2022, $ 1,594 and $ 2,456 , respectively, were included in accounts payable for unpaid capital expenditures. During the six months ended December 31, 2023 and January 1, 2023, UNIFI recorded non-cash activity relating to finance lease s of $ 1,633 a nd $ 729, respectively. In connection with the commencement of the 2022 Credit Agreement in October 2022, $ 52,500 of borrowings outstanding on the revolving credit facility were transferred to the term loan, such that revolver borrowings were reduced by $ 52,500 and term loan borrowings were increased by $ 52,500 with no flow of cash.

Other Financial Data

Other Financial Data	6 Months Ended
	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.

Basis of Presentation; Conden_2

Basis of Presentation; Condensed Notes (Policies)	6 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Fiscal Period	The fiscal quarter for each of Unifi, Inc., its primary domestic operating subsidiaries and its subsidiary in El Salvador ended on December 31, 2023. Unifi, Inc.’s remaining material operating subsidiaries’ fiscal quarter ended on December 31, 2023. The three-month periods ended December 31, 2023 and January 1, 2023 both consisted of 13 weeks. The six-month periods ended December 31, 2023 and January 1, 2023 both consisted of 26 weeks.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregated Revenues and Product Sales for UNIFI	The following tables present net sales disaggregated by (i) classification of customer type and (ii) REPREVE ® Fiber sales: Third-Party Manufacturer For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Third-party manufacturer $ 135,841 $ 135,018 $ 273,461 $ 313,230 Service 1,076 1,194 2,300 2,501 Net sales $ 136,917 $ 136,212 $ 275,761 $ 315,731 For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 REPREVE ® Fiber $ 45,725 $ 42,866 $ 88,186 $ 92,045 All other products and services 91,192 93,346 187,575 223,686 Net sales $ 136,917 $ 136,212 $ 275,761 $ 315,731

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt Components	The following table and narrative presents the detail of UNIFI’s debt obl igations. Weighted Average Scheduled Interest Rate as of Principal Amounts as of Maturity Date December 31, 2023 December 31, 2023 July 2, 2023 ABL Revolver October 2027 7.0 % $ 16,000 $ 18,100 ABL Term Loan October 2027 7.0 % 105,800 110,400 Finance lease obligations (1) 5.1 % 10,960 10,767 Construction financing (2) 0.0 % — 1,632 Total debt 132,760 140,899 Current ABL Term Loan ( 9,200 ) ( 9,200 ) Current portion of finance lease obligations ( 3,157 ) ( 2,806 ) Unamortized debt issuance costs ( 259 ) ( 289 ) Total long-term debt $ 120,144 $ 128,604 (1) Scheduled maturity dates for finance lease obligations range from Marc h 2025 to September 2028 . (2) Refer to the discussion below under “ Construction Financing ” for further information.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Provision (Benefit) for Income Taxes and Effective Tax Rate	The provision (benefit) for income taxes and effective tax rate were as follows: For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Provision (benefit) for income taxes $ 380 $ ( 3,070 ) $ ( 83 ) $ ( 336 ) Effective tax rate ( 2.0 )% 14.5 % 0.3 % 1.3 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Number of Securities Remaining Available for Future Issuance	The following table provides information as of December 31, 2023 with respect to the number of securities remaining available for future issuance under the 2020 Plan: Authorized under the 2020 Plan 850 Plus: Share reserve increase from First Amendment 1,100 Plus: Awards expired, forfeited or otherwise terminated unexercised 48 Less: Awards granted to employees ( 1,083 ) Less: Awards granted to non-employee directors ( 197 ) Available for issuance under the 2020 Plan 718

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings (Loss) Per Share	The components of the calculation of earnings per share (“EPS”) are as follows: For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Net loss $ ( 19,846 ) $ ( 18,037 ) $ ( 33,116 ) $ ( 25,871 ) Basic weighted average shares 18,110 18,034 18,097 18,017 Net potential common share equivalents — — — — Diluted weighted average shares 18,110 18,034 18,097 18,017 Excluded from the calculation of common share equivalents: Anti-dilutive common share equivalents 577 739 577 703 Excluded from the calculation of diluted shares: Unvested stock options that vest upon achievement of certain market conditions 333 333 333 333

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Payables	Related party payables for Salem Leasing Corporation consisted of the following: December 31, 2023 July 2, 2023 Accounts payable $ 350 $ 457 Operating lease obligations 403 502 Finance lease obligations 3,031 3,677 Total related party payables $ 3,784 $ 4,636
Schedule of Related Party Transactions	The following were the Company’s significant related party transactions: For the Three Months Ended For the Six Months Ended Affiliated Entity Transaction Type December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Salem Leasing Corporation Payments for transportation equipment costs and finance lease debt service $ 1,228 $ 1,184 $ 2,437 $ 2,383

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Selected Financial Information for Americas, Brazil and Asia Segments	Selected financial information is presented below: For the Three Months Ended December 31, 2023 Americas Brazil Asia Total Net sales $ 80,549 $ 26,061 $ 30,307 $ 136,917 Cost of sales 87,287 22,922 25,072 135,281 Gross (loss) profit ( 6,738 ) 3,139 5,235 1,636 Segment depreciation expense 5,508 766 — 6,274 Segment (Loss) Profit $ ( 1,230 ) $ 3,905 $ 5,235 $ 7,910 For the Three Months Ended January 1, 2023 Americas Brazil Asia Total Net sales $ 85,242 $ 25,687 $ 25,283 $ 136,212 Cost of sales 98,326 24,357 21,529 144,212 Gross (loss) profit ( 13,084 ) 1,330 3,754 ( 8,000 ) Segment depreciation expense 5,542 391 — 5,933 Segment (Loss) Profit $ ( 7,542 ) $ 1,721 $ 3,754 $ ( 2,067 ) For the Six Months Ended December 31, 2023 Americas Brazil Asia Total Net sales $ 162,122 $ 55,970 $ 57,669 $ 275,761 Cost of sales 176,240 50,664 47,796 274,700 Gross (loss) profit ( 14,118 ) 5,306 9,873 1,061 Segment depreciation expense 11,005 1,606 — 12,611 Segment (Loss) Profit $ ( 3,113 ) $ 6,912 $ 9,873 $ 13,672 For the Six Months Ended January 1, 2023 Americas Brazil Asia Total Net sales $ 192,886 $ 64,566 $ 58,279 $ 315,731 Cost of sales 210,839 56,449 49,880 317,168 Gross (loss) profit ( 17,953 ) 8,117 8,399 ( 1,437 ) Segment depreciation expense 11,022 861 — 11,883 Segment (Loss) Profit $ ( 6,931 ) $ 8,978 $ 8,399 $ 10,446
Reconciliations of Segment Gross Profit (Loss) to Consolidated Loss Before Income Taxes	The reconciliations of segment gross profit (loss) to consolidated loss before income taxes are as follows: For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Americas $ ( 6,738 ) $ ( 13,084 ) $ ( 14,118 ) $ ( 17,953 ) Brazil 3,139 1,330 5,306 8,117 Asia 5,235 3,754 9,873 8,399 Segment gross profit (loss) 1,636 ( 8,000 ) 1,061 ( 1,437 ) Selling, general and administrative expenses 12,408 11,748 24,017 23,521 Provision (benefit) for bad debts 1,289 ( 156 ) 1,080 18 Restructuring costs 5,101 — 5,101 — Other operating expense (income), net 481 226 535 ( 463 ) Operating loss ( 17,643 ) ( 19,818 ) ( 29,672 ) ( 24,513 ) Interest income ( 697 ) ( 514 ) ( 1,278 ) ( 1,061 ) Interest expense 2,613 1,889 5,098 3,136 Equity in earnings of unconsolidated affiliates ( 93 ) ( 86 ) ( 293 ) ( 381 ) Loss before income taxes $ ( 19,466 ) $ ( 21,107 ) $ ( 33,199 ) $ ( 26,207 )

Investments in Unconsolidated_2

Investments in Unconsolidated Affiliates (Tables)	6 Months Ended
	Dec. 31, 2023
Schedule of Raw Material Purchases under Supply Agreement	UNIFI’s raw material purchases under this supply agreement consisted of the following: For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 UNFA $ 3,787 $ 5,390 $ 6,913 $ 12,791 UNF — — — 37 Total $ 3,787 $ 5,390 $ 6,913 $ 12,828
Schedule of Unaudited, Condensed Balance Sheet Information for Unconsolidated Affiliates	Condensed balance sheet and income statement information for UNIFI’s unconsolidated affiliates (including reciprocal balances) are presented in the tables below. December 31, 2023 July 2, 2023 Current assets $ 9,363 $ 10,608 Non-current assets 473 494 Current liabilities 3,634 7,304 Non-current liabilities — — Shareholders’ equity and capital accounts 6,202 3,798 UNIFI’s portion of undistributed earnings 3,042 2,938
Income Statement Information [Member]
Schedule of Unaudited, Condensed Income Statement Information for Unconsolidated Affiliates	For the Three Months Ended For the Six Months Ended December 31, 2023 January 1, 2023 December 31, 2023 January 1, 2023 Net sales $ 4,368 $ 7,224 $ 9,109 $ 16,035 Gross profit 9 444 647 933 (Loss) income from operations ( 467 ) 26 ( 271 ) 51 Net (loss) income ( 483 ) 14 ( 318 ) 29 Depreciation and amortization 7 28 21 56 Distributions received — — — —

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Dec. 31, 2023
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Payments for Interest and Taxes	Cash payments for interest and taxes consist of the following: For the Six Months Ended December 31, 2023 January 1, 2023 Interest, net of capitalized interest of $ 104 and $ 239 , respectively $ 4,740 $ 2,739 Income tax payments, net 2,606 4,064

Other Financial Data (Tables)

Other Financial Data (Tables)	6 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Balance Sheet Information	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.

Background - Additional Informa

Background - Additional Information (Details)	Dec. 31, 2023 Entity
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries in which entity operates	4

Revenue - Disaggregated Revenue

Revenue - Disaggregated Revenues and Product Sales for UNIFI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2023	Jan. 01, 2023
Disaggregation Of Revenue [Line Items]
Net sales	$ 136,917	$ 136,212	$ 275,761	$ 315,731
Third-Party Manufacturer [Member]
Disaggregation Of Revenue [Line Items]
Net sales	135,841	135,018	273,461	313,230
Service [Member]
Disaggregation Of Revenue [Line Items]
Net sales	1,076	1,194	2,300	2,501
REPREVE Fiber [Member]
Disaggregation Of Revenue [Line Items]
Net sales	45,725	42,866	88,186	92,045
All Other Products and Services [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 91,192	$ 93,346	$ 187,575	$ 223,686

Long-Term Debt - Long-Term Debt

Long-Term Debt - Long-Term Debt Components (Details) - USD ($) $ in Thousands		6 Months Ended
		Dec. 31, 2023	Jul. 02, 2023
Debt Instrument [Line Items]
Finance lease obligations	[1]	$ 10,960	$ 10,767
Construction financing	[2]		1,632
Total debt		132,760	140,899
Current portion of finance lease obligations		(3,157)	(2,806)
Unamortized debt issuance costs		(259)	(289)
Total long-term debt		$ 120,144	128,604
Finance Lease Obligations [Member]
Debt Instrument [Line Items]
Weighted Average	[1]	5.10%
Construction Financing [Member]
Debt Instrument [Line Items]
Weighted Average	[2]	0%
ABL Revolver [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date		2027-10
Weighted Average		7%
Principal amount of revolver		$ 16,000	18,100
ABL Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date		2027-10
Weighted Average		7%
Current ABL Term Loan		$ (9,200)	(9,200)
Principal amount of term loan		$ 105,800	$ 110,400
[1] Scheduled maturity dates for finance lease obligations range from Marc h 2025 to September 2028 . Refer to the discussion below under “ Construction Financing ” for further information.

Long-Term Debt - Long-Term De_2

Long-Term Debt - Long-Term Debt Components (Details) (Parenthetical)	6 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Finance lease obligations, scheduled maturity start date	2025-03
Finance lease obligations, scheduled maturity end date	2028-09

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jul. 02, 2023
Construction Financing [Member]
Debt Instrument [Line Items]
Long term debt including transitioned amount	$ 9,755
Completed asset cost transferred to finance lease obligation	9,755
A B L Term Loan [Member]
Debt Instrument [Line Items]
Principal amount of term loan	$ 105,800	$ 110,400

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision (Benefit) for Income Taxes and Effective Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2023	Jan. 01, 2023
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 380	$ (3,070)	$ (83)	$ (336)
Effective tax rate	(2.00%)	14.50%	0.30%	1.30%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Jan. 01, 2023
Income Taxes [Line Items]
Income taxes, refund		$ 2,606	$ 4,064
Internal Revenue Service [Member]
Income Taxes [Line Items]
Income taxes, refund		1,275
Interest on income tax overpayments		$ 457
Accrued interest and penalties	$ 853

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Oct. 31, 2018
Fiscal 2023 [Member]
Equity Class Of Treasury Stock [Line Items]
Shares repurchased	0
Fiscal 2024 [Member]
Equity Class Of Treasury Stock [Line Items]
Shares repurchased	0
2018 Share Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Share Repurchase Program, Authorized Amount		$ 50,000
Share Repurchase Program, Remaining Authorized Repurchase Amount	$ 38,859

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2020 Plan [Member] - shares shares in Thousands	6 Months Ended
	Dec. 31, 2023	Oct. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Effective date	Oct. 31, 2023
Number of shares available for future issuance	718	850
Number of shares reserved		1,100

Stock-based Compensation - Summ

Stock-based Compensation - Summary of Number of Awards Remaining Available for Future Issuance (Details) - 2020 Plan [Member] - shares shares in Thousands	6 Months Ended
	Dec. 31, 2023	Oct. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized under the 2020 Plan	850
Available for issuance under the 2020 Plan	718	850
Share Reserve Increase From First Amendment [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Plus: Share reserve increase from First Amendment	1,100
Awards Expired, Forfeited or Otherwise Terminated Unexercised [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Plus: Awards expired, forfeited or otherwise terminated unexercised	48
Awards Granted to Employees [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Less: Awards granted to employees	(1,083)
Awards Granted to Non-Employee Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Less: Awards granted to non-employee directors	(197)

Fair Value of Financial Instr_2

Fair Value of Financial Instruments and Non-Financial Assets and Liabilities - Additional Information (Details) - USD ($)	6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Jul. 02, 2023
Fair Value Disclosures [Abstract]
Fair value of the investment assets held by the grantor trust	$ 2,618,000		$ 2,496,000
Gains on investments held by the trust	122,000	$ 11,000
Fair value assets and liabilities amount transfers into or out of the levels	$ 0	$ 0

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2023	Jan. 01, 2023
Earnings Per Share [Abstract]
Net Loss	$ (19,846)	$ (18,037)	$ (33,116)	$ (25,871)
Basic weighted average shares	18,110	18,034	18,097	18,017
Diluted weighted average shares	18,110	18,034	18,097	18,017
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents (in shares)	577	739	577	703
Unvested stock options that vest upon achievement of certain market conditions (in shares)	333	333	333	333

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)	Dec. 31, 2023	Jul. 02, 2023
Related Party Transaction [Line Items]
Related party receivables	$ 0	$ 0

Related Party Transactions - Re

Related Party Transactions - Related Party Receivables and Payables (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Jul. 02, 2023
Related Party Transaction [Line Items]
Finance lease obligations	[1]	$ 10,960	$ 10,767
Salem Leasing Corporation
Related Party Transaction [Line Items]
Accounts Payable		350	457
Operating lease obligations		403	502
Finance lease obligations		3,031	3,677
Total related party payables		$ 3,784	$ 4,636
[1] Scheduled maturity dates for finance lease obligations range from Marc h 2025 to September 2028 .

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2023	Jan. 01, 2023
Salem Leasing Corporation
Related Party Transaction [Line Items]
Expenses with related party	$ 1,228	$ 1,184	$ 2,437	$ 2,383

Business Segment Information -

Business Segment Information - Additional Information (Details)	6 Months Ended
	Dec. 31, 2023 Segment
Segment Reporting [Abstract]
Number of Reportable Segments	3

Business Segment Information _2

Business Segment Information - Selected Financial Information for Polyester, Nylon, International and Other Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2023	Jan. 01, 2023
Segment Reporting Information [Line Items]
Net sales	$ 136,917	$ 136,212	$ 275,761	$ 315,731
Cost of sales	135,281	144,212	274,700	317,168
Gross profit (loss)	1,636	(8,000)	1,061	(1,437)
Segment depreciation expense	6,274	5,933	12,611	11,883
Segment (Loss) Profit	7,910	(2,067)	13,672	10,446
Americas [Member]
Segment Reporting Information [Line Items]
Net sales	80,549	85,242	162,122	192,886
Cost of sales	87,287	98,326	176,240	210,839
Gross profit (loss)	(6,738)	(13,084)	(14,118)	(17,953)
Segment depreciation expense	5,508	5,542	11,005	11,022
Segment (Loss) Profit	(1,230)	(7,542)	(3,113)	(6,931)
Brazil [Member]
Segment Reporting Information [Line Items]
Net sales	26,061	25,687	55,970	64,566
Cost of sales	22,922	24,357	50,664	56,449
Gross profit (loss)	3,139	1,330	5,306	8,117
Segment depreciation expense	766	391	1,606	861
Segment (Loss) Profit	3,905	1,721	6,912	8,978
Asia [Member]
Segment Reporting Information [Line Items]
Net sales	30,307	25,283	57,669	58,279
Cost of sales	25,072	21,529	47,796	49,880
Gross profit (loss)	5,235	3,754	9,873	8,399
Segment (Loss) Profit	$ 5,235	$ 3,754	$ 9,873	$ 8,399

Business Segment Information _3

Business Segment Information - Reconciliations of Segment Gross Profit (Loss) to Consolidated Loss Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2023	Jan. 01, 2023
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit (loss)	$ 1,636	$ (8,000)	$ 1,061	$ (1,437)
Selling, general and administrative expenses	12,408	11,748	24,017	23,521
Provision (benefit) for bad debts	1,289	(156)	1,080	18
Restructuring costs	5,101		5,101
Other operating expense (income), net	481	226	535	(463)
Operating loss	(17,643)	(19,818)	(29,672)	(24,513)
Interest income	(697)	(514)	(1,278)	(1,061)
Interest expense	2,613	1,889	5,098	3,136
Equity in earnings of unconsolidated affiliates	(93)	(86)	(293)	(381)
(Loss) income before income taxes	(19,466)	(21,107)	(33,199)	(26,207)
Americas [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit (loss)	(6,738)	(13,084)	(14,118)	(17,953)
Brazil [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit (loss)	3,139	1,330	5,306	8,117
Asia [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Gross profit (loss)	$ 5,235	$ 3,754	$ 9,873	$ 8,399

Investments in Unconsolidated_3

Investments in Unconsolidated Affiliates - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2023	Jul. 02, 2023	Jul. 02, 2022
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 3,101		$ 3,101	$ 3,101	$ 2,997
Restructuring costs			5,101	5,101
U N F [Member]
Schedule Of Equity Method Investments [Line Items]
Restructuring costs	2,750
Payments for restructuring			1,200
U N F [Member] | Forecast [Member]
Schedule Of Equity Method Investments [Line Items]
Payments for restructuring		$ 1,550
Related Party [Member] | U N F America [Member]
Schedule Of Equity Method Investments [Line Items]
Accounts payable	2,020		2,020	2,020
UNF and UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Purchase commitment, remaining minimum amount committed	$ 571		$ 571	$ 571
Percentage of current and total assets and total liabilities counted for by equity method investments	5%		5%	5%
UNF and UNF America [Member] | Related Party [Member]
Schedule Of Equity Method Investments [Line Items]
Accounts payable						$ 3,440

Investments in Unconsolidated_4

Investments in Unconsolidated Affiliates - Schedule of Raw Material Purchases under Supply Agreement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2023	Jan. 01, 2023
UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Raw material purchases under supply agreement	$ 3,787	$ 5,390	$ 6,913	$ 12,791
UNF [Member]
Schedule Of Equity Method Investments [Line Items]
Raw material purchases under supply agreement				37
UNF and UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Raw material purchases under supply agreement	$ 3,787	$ 5,390	$ 6,913	$ 12,828

Investments in Unconsolidated_5

Investments in Unconsolidated Affiliates - Schedule of Unaudited, Condensed Balance Sheet Information for Unconsolidated Affiliates (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Oct. 01, 2023	Jul. 02, 2023	Jan. 01, 2023	Oct. 02, 2022	Jul. 03, 2022
Schedule Of Equity Method Investments [Line Items]
Current assets	$ 255,949		$ 294,060
Current liabilities	68,471		71,995
Shareholders’ equity and capital accounts	291,340	$ 305,029	323,610	$ 334,879	$ 348,299	$ 361,449
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]
Schedule Of Equity Method Investments [Line Items]
Current assets	9,363		10,608
Non-current assets	473		494
Current liabilities	3,634		7,304
Shareholders’ equity and capital accounts	6,202		3,798
UNIFI’s portion of undistributed earnings	$ 3,042		$ 2,938

Investments in Unconsolidated_6

Investments in Unconsolidated Affiliates - Schedule of Unaudited, Condensed Income Statement Information for Unconsolidated Affiliates (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2023	Jan. 01, 2023
Schedule Of Equity Method Investments [Line Items]
Gross profit	$ 1,636	$ (8,000)	$ 1,061	$ (1,437)
Net (loss) income	(19,846)	(18,037)	(33,116)	(25,871)
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]
Schedule Of Equity Method Investments [Line Items]
Net sales	4,368	7,224	9,109	16,035
Gross profit	9	444	647	933
(Loss) income from operations	(467)	26	(271)	51
Net (loss) income	(483)	14	(318)	29
Depreciation and amortization	$ 7	$ 28	$ 21	$ 56

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Schedule of Cash Payments for Interest and Taxes (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023
Supplemental Cash Flow Elements [Abstract]
Interest, net of capitalized interest of $104 and $239, respectively	$ 4,740	$ 2,739
Income tax payments, net	$ 2,606	$ 4,064

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information - Schedule of Cash Payments for Interest and Taxes (Details) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Jan. 01, 2023
Supplemental Cash Flow Elements [Abstract]
Interest capitalized	$ 104	$ 239

Supplemental Cash Flow Inform_5

Supplemental Cash Flow Information - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Jul. 02, 2023	Jul. 03, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Capital expenditures incurred but not yet paid	$ 621	$ 1,594	$ 1,137	$ 2,456
Non cash activity relating to finance leases	1,633	$ 729
Term Loan [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Line of credit facility, increase (decrease)	52,500
Credit Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Line of credit facility, revolving credit conversion to term loan	52,500
Credit Agreement [Member] | Revolving Credit Facility [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Line of credit facility, increase (decrease)	$ 52,500

Other Financial Data - Schedule

Other Financial Data - Schedule of Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jul. 02, 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:
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	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
Land
Property, plant and equipment, net:
Gross property, plant and equipment	2,512	2,512
Land Improvements
Property, plant and equipment, net:
Gross property, plant and equipment	16,445	16,443
Building and Building Improvements
Property, plant and equipment, net:
Gross property, plant and equipment	168,231	167,589
Assets Held Under Finance Leases
Property, plant and equipment, net:
Gross property, plant and equipment	18,030	16,397
Machinery and Equipment
Property, plant and equipment, net:
Gross property, plant and equipment	659,553	656,431
Computers Software And Office Equipment
Property, plant and equipment, net:
Gross property, plant and equipment	25,370	26,654
Transportation Equipment
Property, plant and equipment, net:
Gross property, plant and equipment	10,731	10,710
Asset under Construction
Property, plant and equipment, net:
Gross property, plant and equipment	$ 3,635	$ 10,003

Other Financial Data - Schedu_2

Other Financial Data - Schedule of Balance Sheet Information (Parenthetical) (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2023 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Severance expenses	$ 2,351