Unifi (UFI) 10-Q 6 Feb 25 2025 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 29, 2024	Feb. 03, 2025
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	--06-29
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 29, 2024
Document Fiscal Year Focus	2025
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)		18,351,295

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 29, 2024	Jun. 30, 2024
ASSETS
Cash and cash equivalents	$ 18,669	$ 26,805
Receivables, net	68,934	79,165
Inventories	132,910	131,181
Income taxes receivable	1,179	164
Other current assets	9,457	11,618
Total current assets	231,149	248,933
Property, plant and equipment, net	183,344	193,723
Operating lease assets	8,900	8,245
Deferred income taxes	4,437	5,392
Other non-current assets	11,829	12,951
Total assets	439,659	469,244
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	35,795	43,622
Income taxes payable	921	754
Current operating lease liabilities	2,415	2,251
Current portion of long-term debt	12,025	12,277
Other current liabilities	16,054	17,662
Total current liabilities	67,210	76,566
Long-term debt	122,979	117,793
Non-current operating lease liabilities	6,597	6,124
Deferred income taxes	1,869	1,869
Other long-term liabilities	3,813	3,507
Total liabilities	202,468	205,859
Commitments and contingencies
Common stock, $0.10 par value (500,000,000 shares authorized; 18,345,484 and 18,251,545 shares issued and outstanding as of December 29, 2024 and June 30, 2024, respectively)	1,835	1,825
Capital in excess of par value	72,490	70,952
Retained earnings	240,373	259,397
Accumulated other comprehensive loss	(77,507)	(68,789)
Total shareholders’ equity	237,191	263,385
Total liabilities and shareholders’ equity	$ 439,659	$ 469,244

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Dec. 29, 2024	Jun. 30, 2024
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)	18,345,484	18,251,545
Common stock, shares outstanding (in shares)	18,345,484	18,251,545

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations And Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Income Statement [Abstract]
Net sales	$ 138,880	$ 136,917	$ 286,252	$ 275,761
Cost of sales	138,346	135,281	276,260	274,700
Gross profit	534	1,636	9,992	1,061
Selling, general and administrative expenses	12,921	12,408	24,763	24,017
(Benefit) provision for bad debts	(96)	1,289	216	1,080
Gain on sale of assets	(4,296)		(4,296)
Restructuring costs		5,101		5,101
Other operating (income) expense, net	(431)	481	89	535
Operating loss	(7,564)	(17,643)	(10,780)	(29,672)
Interest income	(177)	(697)	(434)	(1,278)
Interest expense	2,398	2,613	4,905	5,098
Equity in loss (earnings) of unconsolidated affiliates	262	(93)	251	(293)
Loss before income taxes	(10,047)	(19,466)	(15,502)	(33,199)
Provision (benefit) for income taxes	1,345	380	3,522	(83)
Net loss	$ (11,392)	$ (19,846)	$ (19,024)	$ (33,116)
Net loss per common share:
Basic	$ (0.62)	$ (1.1)	$ (1.04)	$ (1.83)
Diluted	$ (0.62)	$ (1.1)	$ (1.04)	$ (1.83)
Statement of Comprehensive Income [Abstract]
Net loss	$ (11,392)	$ (19,846)	$ (19,024)	$ (33,116)
Other comprehensive (loss) income :
Foreign currency translation adjustments	(12,206)	5,026	(8,718)	(514)
Other comprehensive (loss) income, net	(12,206)	5,026	(8,718)	(514)
Comprehensive loss	$ (23,598)	$ (14,820)	$ (27,742)	$ (33,630)

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]
Beginning Balance at Jul. 02, 2023	$ 323,610	$ 1,808	$ 68,901	$ 306,792	$ (53,891)
Beginning Balance (in shares) at Jul. 02, 2023		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 gain (loss), net of tax	(514)				(514)
Net loss	(33,116)			(33,116)
Ending Balance at Dec. 31, 2023	291,340	$ 1,815	70,254	273,676	(54,405)
Ending Balance (in shares) at Dec. 31, 2023		18,150,000
Beginning Balance at Oct. 01, 2023	305,029	$ 1,808	69,130	293,522	(59,431)
Beginning 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 gain (loss), net of tax	5,026				5,026
Net loss	(19,846)			(19,846)
Ending Balance at Dec. 31, 2023	291,340	$ 1,815	70,254	273,676	(54,405)
Ending Balance (in shares) at Dec. 31, 2023		18,150,000
Beginning Balance at Jun. 30, 2024	$ 263,385	$ 1,825	70,952	259,397	(68,789)
Beginning Balance (in shares) at Jun. 30, 2024	18,251,545	18,252,000
Options exercised	$ 36	$ 1	35
Options exercised (in shares)		5,000
Conversion of equity units		$ 11	(11)
Conversion of equity units (in shares)		113,000
Stock-based compensation	1,658		1,658
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions	(146)	$ (2)	(144)
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions (in shares)		(25,000)
Other comprehensive gain (loss), net of tax	(8,718)				(8,718)
Net loss	(19,024)			(19,024)
Ending Balance at Dec. 29, 2024	$ 237,191	$ 1,835	72,490	240,373	(77,507)
Ending Balance (in shares) at Dec. 29, 2024	18,345,484	18,345,000
Beginning Balance at Sep. 29, 2024	$ 259,709	$ 1,826	71,419	251,765	(65,301)
Beginning Balance (in shares) at Sep. 29, 2024		18,257,000
Options exercised	3		3
Conversion of equity units		$ 11	(11)
Conversion of equity units (in shares)		113,000
Stock-based compensation	1,223		1,223
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions	(146)	$ (2)	(144)
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions (in shares)		(25,000)
Other comprehensive gain (loss), net of tax	(12,206)				(12,206)
Net loss	(11,392)			(11,392)
Ending Balance at Dec. 29, 2024	$ 237,191	$ 1,835	$ 72,490	$ 240,373	$ (77,507)
Ending Balance (in shares) at Dec. 29, 2024	18,345,484	18,345,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 29, 2024	Dec. 31, 2023
Statement of Cash Flows [Abstract]
Cash and cash equivalents at beginning of period	$ 26,805	$ 46,960
Operating activities:
Net loss	(19,024)	(33,116)
Adjustments to reconcile net loss to net cash (used) provided by operating activities:
Equity in loss (earnings) of unconsolidated affiliates	251	(293)
Depreciation and amortization expense	12,881	13,988
Non-cash compensation expense	1,658	1,387
Gain on sale of assets	(4,296)
Deferred income taxes	628	(1,714)
Other, net	216	(120)
Changes in assets and liabilities:
Receivables, net	8,228	14,367
Inventories	(4,841)	15,081
Other current assets	(1,771)	(402)
Income taxes	(845)	(727)
Accounts payable and other current liabilities	(8,155)	(4,763)
Other, net	66	(1,171)
Net cash (used) provided by operating activities	(15,004)	2,517
Investing activities:
Capital expenditures	(4,944)	(5,982)
Proceeds from the sale of assets	8,094	488
Net cash provided (used) by investing activities	3,150	(5,494)
Financing activities:
Proceeds from ABL Revolver	101,451	80,600
Payments on ABL Revolver	(90,351)	(82,700)
Payments on ABL Term Loan	(4,600)	(4,600)
Payments on finance lease obligations	(1,596)	(1,440)
Other, net	(306)	(27)
Net cash provided (used) by financing activities	4,598	(8,167)
Effect of exchange rate changes on cash and cash equivalents	(880)	163
Net decrease in cash and cash equivalents	(8,136)	(10,981)
Cash and cash equivalents at end of period	$ 18,669	$ 35,979

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (11,392)	$ (19,846)	$ (19,024)	$ (33,116)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 29, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule10b5-1Arrangement Modified	false

Background

Background	6 Months Ended
	Dec. 29, 2024
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 a joint venture with operations in the United States (the “U.S.”).

Basis of Presentation; Condense

Basis of Presentation; Condensed Notes	6 Months Ended
	Dec. 29, 2024
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 June 30, 2024 (the “2024 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 29, 2024. Unifi, Inc.’s remaining material operating subsidiaries’ fiscal quarter ended on December 31, 2024. There were no significant transactions or events that occurred between Unifi, Inc.’s fiscal quarter end and such wholly owned subsidiaries’ fiscal quarter end. The three-month periods ended December 29, 2024 and December 31, 2023 both consisted of 13 weeks. The six-month periods ended December 29, 2024 and December 31, 2023 both consisted of 26 weeks.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Dec. 29, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	3. Recent Accounting Pronouncements Issued and Pending Adoption In December 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU No. 2023-09 modifies the rules on income tax disclosures to require entities to disclose (i) specific categories in the rate reconciliation, (ii) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (iii) income tax expense or benefit from continuing operations (separated by federal, state, and foreign). The ASU also requires entities to disclose their income tax payments to international, federal, state, and local jurisdictions, among other changes. The ASU is effective for UNIFI's fiscal 2026, with early adoption permitted, and should be applied on a prospective basis, but retrospective application is permitted. UNIFI is currently evaluating the impact on the Company’s disclosures but does not expect this standard will have a material impact on its consolidated financial position, results of operations, or cash flows. In November 2023, the FASB issued 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 this fiscal year for annual reporting and in the first quarter of fiscal 2026 for interim reporting, with early adoption permitted. UNIFI has not adopted this standard. UNIFI is currently evaluating the impact on the Company’s disclosures but 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 2024 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. 29, 2024
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 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Third-party manufacturer $ 137,873 $ 135,841 $ 284,092 $ 273,461 Service 1,007 1,076 2,160 2,300 Net sales $ 138,880 $ 136,917 $ 286,252 $ 275,761 For the Three Months Ended For the Six Months Ended December 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 REPREVE ® Fiber $ 43,272 $ 45,725 $ 88,014 $ 88,186 All other products and services 95,608 91,192 198,238 187,575 Net sales $ 138,880 $ 136,917 $ 286,252 $ 275,761 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. 29, 2024
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") as amended. Weighted Average Scheduled Interest Rate as of Principal Amounts as of Maturity Date December 29, 2024 December 29, 2024 June 30, 2024 ABL Revolver October 2027 8.5 % $ 30,800 $ 19,700 ABL Term Loan October 2027 6.7 % 96,600 101,200 Finance lease obligations (1) 5.2 % 7,803 9,399 Total debt 135,203 130,299 Current ABL Term Loan ( 9,200 ) ( 9,200 ) Current portion of finance lease obligations ( 2,825 ) ( 3,077 ) Unamortized debt issuance costs ( 199 ) ( 229 ) Total long-term debt $ 122,979 $ 117,793 (1) Scheduled maturity dates for finance lease obligations range from Marc h 2025 to September 2028 . ABL Facility and Amendments On September 5, 2024, UNIFI, Inc. and certain of its subsidiaries entered into a First Amendment to the 2022 Credit Agreement (the “First Amendment”) with a syndicate of lenders. The First Amendment primarily (i) permits the sale of a Company-owned real estate asset (consisting of an industrial warehouse building and land acreage) located in Yadkinville, North Carolina with application of the net proceeds to reduce the outstanding ABL Revolver balance, in lieu of the prescribed mandatory prepayment to the ABL Term Loan; (ii) reduces the Maximum Revolver Amount from $ 115,000 to $ 80,000 ; (iii) modifies the definition of the Trigger Level as of any date of determination to the greater of (a) $ 16,500 and (b) 10 % of the sum of (i) the Maximum Revolver Amount plus (ii) the outstanding principal amount of the ABL Term Loan on such date of determination; (iv) increases the range of the Applicable Margin on (a) SOFR-based loans to a new range of 1.50 % to 2.00 % and (b) Base Rate-based loans to a new range of 0.50 % to 1.00 %, with such new ranges of Applicable Margin rates becoming immediately effective and continuing until the Company achieves a Fixed Charge Coverage Ratio of 1.05 to 1.00 or better; (v) for a Term Loan Reset, establishes an additional requirement to obtain lender approval; and (vi) modifies certain terms and conditions of the 2022 Credit Agreement including, but not limited to, Swing Loans, Letter of Credit sublimits, and costs related to normal course collateral valuations for the ABL Facility. On October 25, 2024, UNIFI entered into a new credit agreement with Wells Fargo Bank, National Association for a $ 25,000 revolving credit facility (the "2024 Facility"). The maturity date of the 2024 Facility is the earlier of (i) October 28, 2027 and (ii) the termination or refinancing of the 2022 Credit Agreement. The 2024 Facility is deemed unsecured financing for UNIFI, but is collateralized by certain assets pledged by related party Kenneth G. Langone, one of the members of UNIFI's Board of Directors. Borrowings under the 2024 Facility bear interest at a rate of SOFR plus 0.90 %. The 2024 Facility contains no additional financial covenants beyond those already in effect for the 2022 Credit Agreement and is subject to a monthly unused line fee of 0.25 % on available borrowing capacity. As of December 29, 2024, no amounts had been borrowed against the 2024 Facility. On January 2, 2025, UNIFI borrowed $ 22,000 against the 2024 Facility and used the proceeds to reduce the outstanding ABL Revolver balance. There was no impact to debt principal from these transactions.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 29, 2024
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 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Provision (benefit) for income taxes $ 1,345 $ 380 $ 3,522 $ ( 83 ) Effective tax rate ( 13.4 )% ( 2.0 )% ( 22.7 )% 0.3 % Income Tax Expense UNIFI’s provision (benefit) for income taxes for the six months ended December 29, 2024 and December 31, 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 29, 2024 and 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 (the “IRS”) audit of fiscal years 2014 through 2019 was concluded with a net refund of $ 1,275 , which has been received along with $ 457 of interest on overpayments. The impact from the audit adjustments to the prior periods was insignificant. Unrecognized Tax Benefits UNIFI regularly assesses the outcomes of both completed and ongoing examinations to ensure that its provision for income taxes is sufficient. Certain returns that remain open to examination have utilized carryforward tax attributes generated in prior tax years, including net operating losses, which could potentially be revised upon examination. Following the conclusion of the IRS audit during the period ended December 31, 2023, 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. 29, 2024
Stockholders' Equity Note [Abstract]
Shareholders' Equity	7. Shareholders’ Equity On October 31, 2018, UNIFI announced that the Company's Board of Directors 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 2024 and 2025 and $ 38,859 remains available for repurchase.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Dec. 29, 2024
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 29, 2024 with respect to the number of securities remaining available for future issuance under the 2020 Plan, as amended: Authorized under the 2020 Plan 850 Plus: Share reserve increase from the First Amendment 1,100 Plus: Awards expired, forfeited, or otherwise terminated unexercised 228 Less: Awards granted to employees ( 1,773 ) Less: Awards granted to non-employee directors ( 276 ) Available for issuance under the 2020 Plan 129

Earnings Per Share

Earnings Per Share	6 Months Ended
	Dec. 29, 2024
Earnings Per Share [Abstract]
Earnings Per Share	9. 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 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Net loss $ ( 11,392 ) $ ( 19,846 ) $ ( 19,024 ) $ ( 33,116 ) Basic weighted average shares 18,288 18,110 18,272 18,097 Net potential common share equivalents — — — — Diluted weighted average shares 18,288 18,110 18,272 18,097 Excluded from the calculation of common share equivalents: Anti-dilutive common share equivalents 1,144 577 1,144 577 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. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. 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. 29, 2024
Related Party Transactions [Abstract]
Related Party Transactions	11. 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 29, 2024 and June 30, 2024. Related party payables for Salem Leasing Corporation consisted of the following: December 29, 2024 June 30, 2024 Accounts payable $ 372 $ 464 Operating lease obligations 207 301 Finance lease obligations 1,706 2,374 Total related party payables $ 2,285 $ 3,139 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 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Salem Leasing Corporation Payments for transportation equipment costs and finance lease debt service $ 1,118 $ 1,228 $ 2,279 $ 2,437 As discussed in Note 5, "Long-Term Debt", UNIFI entered into the 2024 Facility in October 2024. There were no borrowings on the 2024 Facility during the three-month period ended December 29, 2024.

Business Segment Information

Business Segment Information	6 Months Ended
	Dec. 29, 2024
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, and Hong Kong. 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 December 29, 2024 Americas Brazil Asia Total Net sales $ 83,095 $ 27,482 $ 28,303 $ 138,880 Cost of sales 89,635 23,696 25,015 138,346 Gross (loss) profit ( 6,540 ) 3,786 3,288 534 Segment depreciation expense 5,334 602 14 5,950 Segment (Loss) Profit $ ( 1,206 ) $ 4,388 $ 3,302 $ 6,484 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 Six Months Ended December 29, 2024 Americas Brazil Asia Total Net sales $ 169,378 $ 61,792 $ 55,082 $ 286,252 Cost of sales 177,296 50,069 48,895 276,260 Gross (loss) profit ( 7,918 ) 11,723 6,187 9,992 Segment depreciation expense 10,744 1,343 31 12,118 Segment Profit $ 2,826 $ 13,066 $ 6,218 $ 22,110 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 The reconciliations of segment gross profit to consolidated loss before income taxes are as follows: For the Three Months Ended For the Six Months Ended December 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Americas $ ( 6,540 ) $ ( 6,738 ) $ ( 7,918 ) $ ( 14,118 ) Brazil 3,786 3,139 11,723 5,306 Asia 3,288 5,235 6,187 9,873 Segment gross profit 534 1,636 9,992 1,061 Selling, general and administrative expenses 12,921 12,408 24,763 24,017 (Benefit) provision for bad debts ( 96 ) 1,289 216 1,080 Gain on sale of assets ( 4,296 ) — ( 4,296 ) — Restructuring costs — 5,101 — 5,101 Other operating (income) expense, net ( 431 ) 481 89 535 Operating loss ( 7,564 ) ( 17,643 ) ( 10,780 ) ( 29,672 ) Interest income ( 177 ) ( 697 ) ( 434 ) ( 1,278 ) Interest expense 2,398 2,613 4,905 5,098 Equity in loss (earnings) of unconsolidated affiliates 262 ( 93 ) 251 ( 293 ) Loss before income taxes $ ( 10,047 ) $ ( 19,466 ) $ ( 15,502 ) $ ( 33,199 ) There have been no material changes in segment assets during fiscal 2025.

Investments in Unconsolidated A

Investments in Unconsolidated Affiliates	6 Months Ended
	Dec. 29, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Affiliates	13. 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”). 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 was paid in the third quarter of fiscal 2024. UNIFI’s raw material purchases under its supply agreement with UNFA consisted of the following: For the Three Months Ended For the Six Months Ended December 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 UNFA $ 3,353 $ 3,787 $ 7,042 $ 6,913 As of December 29, 2024, UNIFI’s open purchase orders related to this supply agreement, all with UNFA, w ere $ 624 . As of December 29, 2024 and June 30, 2024, UNIFI had accounts payable due to U NFA of $ 1,210 and $ 2,197 . Other than the supply agreement discussed above, UNIFI does not provide any other commitments or guarantees related to UNFA. As of December 29, 2024 and June 30, 2024, UNIFI’s investment in UNFA was $ 1,478 and $ 1,603 , respectively. There have been no significant changes in the condensed balance sheet and income statement information for UNFA as previously disclosed in the 2024 Form 10-K.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Dec. 29, 2024
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	14. Supplemental Cash Flow Information Cash payments for interest and taxes consist of the following: For the Six Months Ended December 29, 2024 December 31, 2023 Interest, net of capitalized interest of $ 80 and $ 104 , respectively $ 4,781 $ 4,740 Income tax payments, net 4,033 2,606 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 29, 2024 and June 30, 2024, $ 702 and $ 879 , respectively, were included in accounts payable for unpaid capital expenditures. As of December 31, 2023 and July 2, 2023, $ 621 and $ 1,137 , respectively, were included in accounts payable for unpaid capital expenditures. During the six months ended December 29, 2024 and December 31, 2023, UNIFI recorded non-cash activity relating to finance lease s of $ 0 a nd $ 1,633 , respectively.

Other Financial Data

Other Financial Data	6 Months Ended
	Dec. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other Financial Data	15. Other Financial Data Select balance sheet information is presented in the following table. December 29, 2024 June 30, 2024 Receivables, net: Customer receivables $ 70,028 $ 80,050 Allowance for uncollectible accounts ( 2,820 ) ( 2,713 ) Reserves for quality claims ( 863 ) ( 745 ) Net customer receivables 66,345 76,592 Banker's acceptance notes 1,444 1,326 Other receivables 1,145 1,247 Total receivables, net $ 68,934 $ 79,165 Inventories: Raw materials $ 50,577 $ 49,391 Supplies 11,969 12,160 Work in process 7,515 8,994 Finished goods 66,436 64,449 Gross inventories 136,497 134,994 Net realizable value adjustment ( 3,587 ) ( 3,813 ) Total inventories $ 132,910 $ 131,181 Other current assets: Vendor deposits $ 3,269 $ 2,633 Value-added taxes receivable 3,055 2,510 Prepaid expenses and other 2,823 2,133 Contract assets 310 561 Assets held for sale (1) — 3,781 Total other current assets $ 9,457 $ 11,618 Property, plant and equipment, net: Land $ 1,865 $ 1,897 Land improvements 16,409 16,409 Buildings and improvements 161,591 162,414 Assets under finance leases 18,030 18,030 Machinery and equipment 649,035 650,901 Computers, software and office equipment 25,484 25,464 Transportation equipment 10,680 10,710 Construction in progress 4,212 3,319 Gross property, plant and equipment 887,306 889,144 Less: accumulated depreciation ( 695,679 ) ( 688,086 ) Less: accumulated amortization – finance leases ( 8,283 ) ( 7,335 ) Total property, plant and equipment, net $ 183,344 $ 193,723 Other non-current assets: Recovery of taxes $ 5,196 $ 5,543 Grantor trust 2,167 2,942 Investments in unconsolidated affiliates 1,478 1,603 Intangible assets, net 627 682 Other 2,361 2,181 Total other non-current assets $ 11,829 $ 12,951 Other current liabilities: Payroll and fringe benefits $ 4,919 $ 7,140 Incentive compensation 3,502 1,450 Utilities 2,185 2,861 Deferred revenue 1,174 1,504 Property taxes, interest and other 4,274 4,707 Total other current liabilities $ 16,054 $ 17,662 Other long-term liabilities: Nonqualified deferred compensation plan obligation $ 2,283 $ 2,008 Uncertain tax positions 1,185 1,109 Other 345 390 Total other long-term liabilities $ 3,813 $ 3,507 (1) On October 30, 2024, the property previously classified as held for sale was sold for $ 8,100 resulting in a net gain of $ 4,296 .

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Dec. 29, 2024
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 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Third-party manufacturer $ 137,873 $ 135,841 $ 284,092 $ 273,461 Service 1,007 1,076 2,160 2,300 Net sales $ 138,880 $ 136,917 $ 286,252 $ 275,761 For the Three Months Ended For the Six Months Ended December 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 REPREVE ® Fiber $ 43,272 $ 45,725 $ 88,014 $ 88,186 All other products and services 95,608 91,192 198,238 187,575 Net sales $ 138,880 $ 136,917 $ 286,252 $ 275,761

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Dec. 29, 2024
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 29, 2024 December 29, 2024 June 30, 2024 ABL Revolver October 2027 8.5 % $ 30,800 $ 19,700 ABL Term Loan October 2027 6.7 % 96,600 101,200 Finance lease obligations (1) 5.2 % 7,803 9,399 Total debt 135,203 130,299 Current ABL Term Loan ( 9,200 ) ( 9,200 ) Current portion of finance lease obligations ( 2,825 ) ( 3,077 ) Unamortized debt issuance costs ( 199 ) ( 229 ) Total long-term debt $ 122,979 $ 117,793 (1) Scheduled maturity dates for finance lease obligations range from Marc h 2025 to September 2028 .

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 29, 2024
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 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Provision (benefit) for income taxes $ 1,345 $ 380 $ 3,522 $ ( 83 ) Effective tax rate ( 13.4 )% ( 2.0 )% ( 22.7 )% 0.3 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Dec. 29, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Number of Securities Remaining Available for Future Issuance	The following table provides information as of December 29, 2024 with respect to the number of securities remaining available for future issuance under the 2020 Plan, as amended: Authorized under the 2020 Plan 850 Plus: Share reserve increase from the First Amendment 1,100 Plus: Awards expired, forfeited, or otherwise terminated unexercised 228 Less: Awards granted to employees ( 1,773 ) Less: Awards granted to non-employee directors ( 276 ) Available for issuance under the 2020 Plan 129

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Dec. 29, 2024
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 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Net loss $ ( 11,392 ) $ ( 19,846 ) $ ( 19,024 ) $ ( 33,116 ) Basic weighted average shares 18,288 18,110 18,272 18,097 Net potential common share equivalents — — — — Diluted weighted average shares 18,288 18,110 18,272 18,097 Excluded from the calculation of common share equivalents: Anti-dilutive common share equivalents 1,144 577 1,144 577 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. 29, 2024
Related Party Transactions [Abstract]
Related Party Payables	Related party payables for Salem Leasing Corporation consisted of the following: December 29, 2024 June 30, 2024 Accounts payable $ 372 $ 464 Operating lease obligations 207 301 Finance lease obligations 1,706 2,374 Total related party payables $ 2,285 $ 3,139
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 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Salem Leasing Corporation Payments for transportation equipment costs and finance lease debt service $ 1,118 $ 1,228 $ 2,279 $ 2,437

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Dec. 29, 2024
Segment Reporting [Abstract]
Selected Financial Information for Americas, Brazil and Asia Segments	Selected financial information is presented below: For the Three Months Ended December 29, 2024 Americas Brazil Asia Total Net sales $ 83,095 $ 27,482 $ 28,303 $ 138,880 Cost of sales 89,635 23,696 25,015 138,346 Gross (loss) profit ( 6,540 ) 3,786 3,288 534 Segment depreciation expense 5,334 602 14 5,950 Segment (Loss) Profit $ ( 1,206 ) $ 4,388 $ 3,302 $ 6,484 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 Six Months Ended December 29, 2024 Americas Brazil Asia Total Net sales $ 169,378 $ 61,792 $ 55,082 $ 286,252 Cost of sales 177,296 50,069 48,895 276,260 Gross (loss) profit ( 7,918 ) 11,723 6,187 9,992 Segment depreciation expense 10,744 1,343 31 12,118 Segment Profit $ 2,826 $ 13,066 $ 6,218 $ 22,110 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
Reconciliations of Segment Gross Profit to Consolidated Loss Before Income Taxes	The reconciliations of segment gross profit to consolidated loss before income taxes are as follows: For the Three Months Ended For the Six Months Ended December 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Americas $ ( 6,540 ) $ ( 6,738 ) $ ( 7,918 ) $ ( 14,118 ) Brazil 3,786 3,139 11,723 5,306 Asia 3,288 5,235 6,187 9,873 Segment gross profit 534 1,636 9,992 1,061 Selling, general and administrative expenses 12,921 12,408 24,763 24,017 (Benefit) provision for bad debts ( 96 ) 1,289 216 1,080 Gain on sale of assets ( 4,296 ) — ( 4,296 ) — Restructuring costs — 5,101 — 5,101 Other operating (income) expense, net ( 431 ) 481 89 535 Operating loss ( 7,564 ) ( 17,643 ) ( 10,780 ) ( 29,672 ) Interest income ( 177 ) ( 697 ) ( 434 ) ( 1,278 ) Interest expense 2,398 2,613 4,905 5,098 Equity in loss (earnings) of unconsolidated affiliates 262 ( 93 ) 251 ( 293 ) Loss before income taxes $ ( 10,047 ) $ ( 19,466 ) $ ( 15,502 ) $ ( 33,199 )

Investments in Unconsolidated_2

Investments in Unconsolidated Affiliates (Tables)	6 Months Ended
	Dec. 29, 2024
Schedule of Raw Material Purchases under Supply Agreement	UNIFI’s raw material purchases under its supply agreement with UNFA consisted of the following: For the Three Months Ended For the Six Months Ended December 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 UNFA $ 3,353 $ 3,787 $ 7,042 $ 6,913

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Dec. 29, 2024
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 29, 2024 December 31, 2023 Interest, net of capitalized interest of $ 80 and $ 104 , respectively $ 4,781 $ 4,740 Income tax payments, net 4,033 2,606

Other Financial Data (Tables)

Other Financial Data (Tables)	6 Months Ended
	Dec. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Balance Sheet Information	Select balance sheet information is presented in the following table. December 29, 2024 June 30, 2024 Receivables, net: Customer receivables $ 70,028 $ 80,050 Allowance for uncollectible accounts ( 2,820 ) ( 2,713 ) Reserves for quality claims ( 863 ) ( 745 ) Net customer receivables 66,345 76,592 Banker's acceptance notes 1,444 1,326 Other receivables 1,145 1,247 Total receivables, net $ 68,934 $ 79,165 Inventories: Raw materials $ 50,577 $ 49,391 Supplies 11,969 12,160 Work in process 7,515 8,994 Finished goods 66,436 64,449 Gross inventories 136,497 134,994 Net realizable value adjustment ( 3,587 ) ( 3,813 ) Total inventories $ 132,910 $ 131,181 Other current assets: Vendor deposits $ 3,269 $ 2,633 Value-added taxes receivable 3,055 2,510 Prepaid expenses and other 2,823 2,133 Contract assets 310 561 Assets held for sale (1) — 3,781 Total other current assets $ 9,457 $ 11,618 Property, plant and equipment, net: Land $ 1,865 $ 1,897 Land improvements 16,409 16,409 Buildings and improvements 161,591 162,414 Assets under finance leases 18,030 18,030 Machinery and equipment 649,035 650,901 Computers, software and office equipment 25,484 25,464 Transportation equipment 10,680 10,710 Construction in progress 4,212 3,319 Gross property, plant and equipment 887,306 889,144 Less: accumulated depreciation ( 695,679 ) ( 688,086 ) Less: accumulated amortization – finance leases ( 8,283 ) ( 7,335 ) Total property, plant and equipment, net $ 183,344 $ 193,723 Other non-current assets: Recovery of taxes $ 5,196 $ 5,543 Grantor trust 2,167 2,942 Investments in unconsolidated affiliates 1,478 1,603 Intangible assets, net 627 682 Other 2,361 2,181 Total other non-current assets $ 11,829 $ 12,951 Other current liabilities: Payroll and fringe benefits $ 4,919 $ 7,140 Incentive compensation 3,502 1,450 Utilities 2,185 2,861 Deferred revenue 1,174 1,504 Property taxes, interest and other 4,274 4,707 Total other current liabilities $ 16,054 $ 17,662 Other long-term liabilities: Nonqualified deferred compensation plan obligation $ 2,283 $ 2,008 Uncertain tax positions 1,185 1,109 Other 345 390 Total other long-term liabilities $ 3,813 $ 3,507 (1) On October 30, 2024, the property previously classified as held for sale was sold for $ 8,100 resulting in a net gain of $ 4,296 .

Background - Additional Informa

Background - Additional Information (Details)	Dec. 29, 2024 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. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Disaggregation Of Revenue [Line Items]
Net sales	$ 138,880	$ 136,917	$ 286,252	$ 275,761
Third-Party Manufacturer [Member]
Disaggregation Of Revenue [Line Items]
Net sales	137,873	135,841	284,092	273,461
Service [Member]
Disaggregation Of Revenue [Line Items]
Net sales	1,007	1,076	2,160	2,300
REPREVE Fiber [Member]
Disaggregation Of Revenue [Line Items]
Net sales	43,272	45,725	88,014	88,186
All Other Products and Services [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 95,608	$ 91,192	$ 198,238	$ 187,575

Long-Term Debt - Long-Term Debt

Long-Term Debt - Long-Term Debt Components (Details) - USD ($) $ in Thousands		6 Months Ended
		Dec. 29, 2024	Jun. 30, 2024
Debt Instrument [Line Items]
Finance lease obligations	[1]	$ 7,803	$ 9,399
Total debt		135,203	130,299
Current portion of finance lease obligations		(2,825)	(3,077)
Unamortized debt issuance costs		(199)	(229)
Total long-term debt		$ 122,979	117,793
Finance Lease Obligations [Member]
Debt Instrument [Line Items]
Weighted Average	[1]	5.20%
ABL Revolver [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date		2027-10
Weighted Average		8.50%
Long-term Debt		$ 30,800	19,700
ABL Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date		2027-10
Weighted Average		6.70%
Current ABL Term Loan		$ (9,200)	(9,200)
Outstanding balances of term loan		$ 96,600	$ 101,200
[1] Scheduled maturity dates for finance lease obligations range from Marc h 2025 to September 2028 .

Long-Term Debt - Long-Term De_2

Long-Term Debt - Long-Term Debt Components (Details) (Parenthetical)	6 Months Ended
	Dec. 29, 2024
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)	Oct. 25, 2024 USD ($)	Sep. 05, 2024 USD ($)	Jan. 02, 2025 USD ($)	Dec. 29, 2024 USD ($)	Sep. 04, 2024 USD ($)	Jun. 30, 2024 USD ($)
Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.25%
ABL Facility [Member]
Debt Instrument [Line Items]
Debt agreement maximum borrowing capacity		$ 16,500,000
ABL Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum revolving percentage of credit agreement		10%
ABL Facility [Member] | Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 80,000,000			$ 115,000,000
ABL Revolver [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument fixed charge coverage ratio		1.05
ABL Revolver [Member] | Maximum [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
ABL Revolver [Member] | Maximum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.50%
ABL Revolver [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument fixed charge coverage ratio		1
ABL Revolver [Member] | Minimum [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2%
ABL Revolver [Member] | Minimum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1%
2024 Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 0
2024 Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 22,000,000
2024 Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.90%
2024 Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 25,000,000
2024 Facility [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument maturity date	Oct. 28, 2027
A B L Term Loan [Member]
Debt Instrument [Line Items]
Principal amount of term loan				$ 96,600,000		$ 101,200,000

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. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 1,345	$ 380	$ 3,522	$ (83)
Effective tax rate	(13.40%)	(2.00%)	(22.70%)	0.30%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Income Taxes [Line Items]
Income taxes, refund		$ 4,033	$ 2,606
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. 29, 2024	Oct. 31, 2018
Fiscal 2024 [Member]
Equity Class Of Treasury Stock [Line Items]
Shares repurchased	0
Fiscal 2025 [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. 29, 2024	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	129	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. 29, 2024	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	129	850
Share Reserve Increase From The First Amendment [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Plus: Share reserve increase from the 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	228
Awards Granted to Employees [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Less: Awards granted to employees	(1,773)
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	(276)

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. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Net loss	$ (11,392)	$ (19,846)	$ (19,024)	$ (33,116)
Basic weighted average shares	18,288	18,110	18,272	18,097
Diluted weighted average shares	18,288	18,110	18,272	18,097
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents (in shares)	1,144	577	1,144	577
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. 29, 2024	Jun. 30, 2024
Related Party Transaction [Line Items]
Related party receivables	$ 0	$ 0
2024 Facility [Member]
Related Party Transaction [Line Items]
Borrowings	$ 0

Related Party Transactions - Re

Related Party Transactions - Related Party Receivables and Payables (Details) - USD ($) $ in Thousands		Dec. 29, 2024	Jun. 30, 2024
Related Party Transaction [Line Items]
Finance lease obligations	[1]	$ 7,803	$ 9,399
Salem Leasing Corporation
Related Party Transaction [Line Items]
Accounts Payable		372	464
Operating lease obligations		207	301
Finance lease obligations		1,706	2,374
Total related party payables		$ 2,285	$ 3,139
[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. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Salem Leasing Corporation
Related Party Transaction [Line Items]
Expenses with related party	$ 1,118	$ 1,228	$ 2,279	$ 2,437

Business Segment Information -

Business Segment Information - Additional Information (Details)	6 Months Ended
	Dec. 29, 2024 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. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net sales	$ 138,880	$ 136,917	$ 286,252	$ 275,761
Cost of sales	138,346	135,281	276,260	274,700
Gross profit	534	1,636	9,992	1,061
Segment depreciation expense	5,950	6,274	12,118	12,611
Segment (Loss) Profit	6,484	7,910	22,110	13,672
Americas [Member]
Segment Reporting Information [Line Items]
Net sales	83,095	80,549	169,378	162,122
Cost of sales	89,635	87,287	177,296	176,240
Gross profit	(6,540)	(6,738)	(7,918)	(14,118)
Segment depreciation expense	5,334	5,508	10,744	11,005
Segment (Loss) Profit	(1,206)	(1,230)	2,826	(3,113)
Brazil [Member]
Segment Reporting Information [Line Items]
Net sales	27,482	26,061	61,792	55,970
Cost of sales	23,696	22,922	50,069	50,664
Gross profit	3,786	3,139	11,723	5,306
Segment depreciation expense	602	766	1,343	1,606
Segment (Loss) Profit	4,388	3,905	13,066	6,912
Asia [Member]
Segment Reporting Information [Line Items]
Net sales	28,303	30,307	55,082	57,669
Cost of sales	25,015	25,072	48,895	47,796
Gross profit	3,288	5,235	6,187	9,873
Segment depreciation expense	14		31
Segment (Loss) Profit	$ 3,302	$ 5,235	$ 6,218	$ 9,873

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. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Segment gross profit	$ 534	$ 1,636	$ 9,992	$ 1,061
Selling, general and administrative expenses	12,921	12,408	24,763	24,017
(Benefit) provision for bad debts	(96)	1,289	216	1,080
Gain on sale of assets	(4,296)		(4,296)
Restructuring costs		5,101		5,101
Other operating (income) expense, net	(431)	481	89	535
Operating loss	(7,564)	(17,643)	(10,780)	(29,672)
Interest income	(177)	(697)	(434)	(1,278)
Interest expense	2,398	2,613	4,905	5,098
Equity in loss (earnings) of unconsolidated affiliates	262	(93)	251	(293)
Loss before income taxes	(10,047)	(19,466)	(15,502)	(33,199)
Americas [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Segment gross profit	(6,540)	(6,738)	(7,918)	(14,118)
Brazil [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Segment gross profit	3,786	3,139	11,723	5,306
Asia [Member]
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Segment gross profit	$ 3,288	$ 5,235	$ 6,187	$ 9,873

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	Dec. 29, 2024	Jun. 30, 2024
Schedule Of Equity Method Investments [Line Items]
Equity method investments					$ 1,478	$ 1,603
Restructuring costs			$ 5,101	$ 5,101
U N F [Member]
Schedule Of Equity Method Investments [Line Items]
Restructuring costs	$ 2,750
Payments for restructuring		$ 1,550	$ 1,200
Related Party [Member] | U N F America [Member]
Schedule Of Equity Method Investments [Line Items]
Accounts payable					1,210	$ 2,197
UNF and UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Purchase commitment, remaining minimum amount committed					$ 624

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. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
UNF America [Member]
Schedule Of Equity Method Investments [Line Items]
Raw material purchases under supply agreement	$ 3,353	$ 3,787	$ 7,042	$ 6,913

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. 29, 2024	Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Interest, net of capitalized interest of $80 and $104, respectively	$ 4,781	$ 4,740
Income tax payments, net	$ 4,033	$ 2,606

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. 29, 2024	Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Interest capitalized	$ 80	$ 104

Supplemental Cash Flow Inform_5

Supplemental Cash Flow Information - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 29, 2024	Dec. 31, 2023	Jun. 30, 2024	Jul. 02, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Capital expenditures incurred but not yet paid	$ 702	$ 621	$ 879	$ 1,137
Non cash activity relating to finance leases	$ 0	$ 1,633

Other Financial Data - Schedule

Other Financial Data - Schedule of Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 29, 2024	Jun. 30, 2024
Receivables, net:
Customer receivables	$ 70,028	$ 80,050
Allowance for uncollectible accounts	(2,820)	(2,713)
Reserves for quality claims	(863)	(745)
Net customer receivables	66,345	76,592
Banker's acceptance notes	1,444	1,326
Other receivables	1,145	1,247
Total receivables, net	68,934	79,165
Inventories:
Raw materials	50,577	49,391
Supplies	11,969	12,160
Work in process	7,515	8,994
Finished goods	66,436	64,449
Gross inventories	136,497	134,994
Net realizable value adjustment	(3,587)	(3,813)
Total inventories	132,910	131,181
Other current assets:
Vendor deposits	3,269	2,633
Value-added taxes receivable	3,055	2,510
Prepaid expenses and other	2,823	2,133
Contract assets	310	561
Assets held for sale	0	3,781
Total other current assets	9,457	11,618
Property, plant and equipment, net:
Gross property, plant and equipment	887,306	889,144
Less: accumulated depreciation	(695,679)	(688,086)
Less: accumulated amortization – finance leases	(8,283)	(7,335)
Total property, plant and equipment, net	183,344	193,723
Other non-current assets:
Recovery of taxes	5,196	5,543
Grantor trust	2,167	2,942
Investments in unconsolidated affiliates	1,478	1,603
Intangible assets, net	627	682
Other	2,361	2,181
Total other non-current assets	11,829	12,951
Other current liabilities:
Payroll and fringe benefits	4,919	7,140
Incentive compensation	3,502	1,450
Utilities	2,185	2,861
Deferred revenue	1,174	1,504
Property taxes, interest and other	4,274	4,707
Total other current liabilities	16,054	17,662
Other long-term liabilities:
Nonqualified deferred compensation plan obligation	2,283	2,008
Uncertain tax positions	1,185	1,109
Other	345	390
Total other long-term liabilities	3,813	3,507
Land
Property, plant and equipment, net:
Gross property, plant and equipment	1,865	1,897
Land Improvements
Property, plant and equipment, net:
Gross property, plant and equipment	16,409	16,409
Building and Building Improvements
Property, plant and equipment, net:
Gross property, plant and equipment	161,591	162,414
Assets Held Under Finance Leases
Property, plant and equipment, net:
Gross property, plant and equipment	18,030	18,030
Machinery and Equipment
Property, plant and equipment, net:
Gross property, plant and equipment	649,035	650,901
Computers Software And Office Equipment
Property, plant and equipment, net:
Gross property, plant and equipment	25,484	25,464
Transportation Equipment
Property, plant and equipment, net:
Gross property, plant and equipment	10,680	10,710
Asset under Construction
Property, plant and equipment, net:
Gross property, plant and equipment	$ 4,212	$ 3,319

Other Financial Data - Schedu_2

Other Financial Data - Schedule of Balance Sheet Information (Parenthetical) (Details) $ in Thousands	Oct. 30, 2024 USD ($)
Real Estate Properties [Line Items]
Sale of property	$ 8,100
Net gain on sale of property	$ 4,296