v3.26.1
Shareholders' Equity
 12 Months Ended
Jun. 28, 2026
Stockholders' Equity Note [Abstract]  
Shareholders' Equity

15. Shareholders’ Equity

On October 31, 2018, 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. Under the 2018 SRP, purchases may be made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements, and other factors. The share repurchase authorization is discretionary and has no expiration date. Repurchases, if any, are expected to be financed through cash generated from operations and borrowings, and are subject to applicable limitations and restrictions as set forth in the 2022 ABL Facility. UNIFI may discontinue repurchases at any time that management determines additional purchases are not beneficial or advisable.

 

The following table summarizes UNIFI’s repurchases and retirements of its common stock under the 2018 SRP for the fiscal periods noted:

 

 

Total Number
of Shares
Repurchased
as Part of Publicly
Announced Plans
or Programs

 

 

Average Price
Paid per Share

 

 

Approximate
Dollar Value that
May Yet Be
Repurchased
Under Publicly Announced Plans or Programs

 

Fiscal 2019

 

 

—

 

 

$

—

 

 

$

50,000

 

Fiscal 2020

 

 

84

 

 

$

23.72

 

 

$

48,008

 

Fiscal 2021

 

 

—

 

 

$

—

 

 

$

48,008

 

Fiscal 2022

 

 

617

 

 

$

14.84

 

 

$

38,859

 

Fiscal 2023

 

 

—

 

 

$

—

 

 

$

38,859

 

Fiscal 2024

 

 

—

 

 

$

—

 

 

$

38,859

 

Fiscal 2025

 

 

—

 

 

$

—

 

 

$

38,859

 

Fiscal 2026

 

 

—

 

 

$

—

 

 

$

38,859

 

Total

 

 

701

 

 

$

15.90

 

 

$

38,859

 

Repurchased shares are retired and have the status of authorized and unissued shares. The cost of the repurchased shares is recorded as a reduction to common stock to the extent of the par value of the shares acquired and the remainder is allocated between capital in excess of par value and retained earnings, on a pro rata basis.

No dividends were paid in the three most recent fiscal years.