| Property, Plant and Equipment, Net |
9. Property, Plant, and Equipment, Net PP&E, net consists of the following:
|
|
|
|
|
|
|
|
|
|
|
June 28, 2026 |
|
|
June 29, 2025 |
|
Land |
|
$ |
1,067 |
|
|
$ |
1,039 |
|
Land improvements |
|
|
10,425 |
|
|
|
10,425 |
|
Buildings and improvements |
|
|
127,232 |
|
|
|
126,720 |
|
Assets under finance leases |
|
|
20,555 |
|
|
|
19,756 |
|
Machinery and equipment |
|
|
589,128 |
|
|
|
593,771 |
|
Computers, software and office equipment |
|
|
25,602 |
|
|
|
25,400 |
|
Transportation equipment |
|
|
10,617 |
|
|
|
10,789 |
|
Construction in progress |
|
|
1,034 |
|
|
|
2,153 |
|
Gross PP&E |
|
|
785,660 |
|
|
|
790,053 |
|
Less: accumulated depreciation |
|
|
(619,513 |
) |
|
|
(608,133 |
) |
Less: accumulated amortization – finance leases |
|
|
(7,822 |
) |
|
|
(8,997 |
) |
Total PP&E, net |
|
$ |
158,325 |
|
|
$ |
172,923 |
|
Assets under finance leases consists of the following:
|
|
|
|
|
|
|
|
|
|
|
June 28, 2026 |
|
|
June 29, 2025 |
|
Machinery and equipment |
|
$ |
9,935 |
|
|
$ |
9,754 |
|
Transportation equipment |
|
|
10,620 |
|
|
|
10,002 |
|
Gross assets under finance leases |
|
$ |
20,555 |
|
|
$ |
19,756 |
|
Depreciation and amortization expense and repair and maintenance expenses were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal 2026 |
|
|
Fiscal 2025 |
|
|
Fiscal 2024 |
|
Depreciation and amortization expense |
|
$ |
23,712 |
|
|
$ |
24,956 |
|
|
$ |
26,985 |
|
Repair and maintenance expenses |
|
|
15,293 |
|
|
|
20,138 |
|
|
|
19,985 |
|
In the fourth quarter of fiscal 2025, UNIFI sold land and land improvements, buildings and improvements and certain machinery and equipment associated with its manufacturing facility located in Madison, North Carolina. UNIFI received net proceeds of $43,322 and recorded a gain of $35,807. See Note 20, “Restructuring Costs,” for further detail.
|