Leases (Tables)
|
12 Months Ended |
Jun. 28, 2026 |
|---|
| Leases [Abstract] |
|
| Schedule of Balance Sheet Location and Values of Company's Lease Assets and Lease Liabilities |
The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities:
|
|
|
|
|
|
|
|
|
|
|
Classification |
|
Balance Sheet Location |
|
June 28, 2026 |
|
|
June 29, 2025 |
|
Lease Assets |
|
|
|
|
|
|
|
|
Operating lease assets |
|
Operating lease assets |
|
$ |
6,532 |
|
|
$ |
7,879 |
|
Finance lease assets |
|
Property, plant & equipment, net |
|
|
12,733 |
|
|
|
10,759 |
|
Total lease assets |
|
|
|
$ |
19,265 |
|
|
$ |
18,638 |
|
|
|
|
|
|
|
|
|
|
Lease Liabilities |
|
|
|
|
|
|
|
|
Current operating lease liabilities |
|
Current operating lease liabilities |
|
$ |
2,128 |
|
|
$ |
2,368 |
|
Current finance lease liabilities |
|
Current portion of long-term debt |
|
|
3,171 |
|
|
|
2,959 |
|
Total current lease liabilities |
|
|
|
$ |
5,299 |
|
|
$ |
5,327 |
|
|
|
|
|
|
|
|
|
|
Non-current operating lease liabilities |
|
Non-current operating lease liabilities |
|
$ |
4,458 |
|
|
$ |
5,614 |
|
Non-current finance lease liabilities |
|
Long-term debt |
|
|
5,568 |
|
|
|
5,049 |
|
Total non-current lease liabilities |
|
|
|
$ |
10,026 |
|
|
$ |
10,663 |
|
|
|
|
|
|
|
|
|
|
Total lease liabilities |
|
|
|
$ |
15,325 |
|
|
$ |
15,990 |
|
|
| Schedule of Components of Lease Cost |
The following table sets forth the components of UNIFI’s total lease cost for fiscal 2026 and 2025:
|
|
|
|
|
|
|
|
|
Lease Cost |
|
Fiscal 2026 |
|
|
Fiscal 2025 |
|
Operating lease cost |
|
$ |
2,324 |
|
|
$ |
2,730 |
|
Variable lease cost |
|
|
609 |
|
|
|
643 |
|
Finance lease cost: |
|
|
|
|
|
|
Amortization of lease assets |
|
|
2,323 |
|
|
|
1,785 |
|
Interest on lease liabilities |
|
|
459 |
|
|
|
418 |
|
Short-term lease cost |
|
|
476 |
|
|
|
1,397 |
|
Total lease cost |
|
$ |
6,191 |
|
|
$ |
6,973 |
|
|
| Schedule of Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases |
The following table presents supplemental information related to leases:
|
|
|
|
|
|
|
|
|
Other Information |
|
Fiscal 2026 |
|
|
Fiscal 2025 |
|
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
|
|
Operating cash flows used by operating leases |
|
$ |
2,324 |
|
|
$ |
2,730 |
|
Financing cash flows used by finance leases |
|
$ |
3,311 |
|
|
$ |
3,093 |
|
Non-cash activities: |
|
|
|
|
|
|
Leased assets obtained in exchange for new operating lease liabilities |
|
$ |
977 |
|
|
$ |
2,365 |
|
Leased assets obtained in exchange for new finance lease liabilities |
|
$ |
4,117 |
|
|
$ |
1,716 |
|
|
| Schedule of Weighted-Average Remaining Lease Term and Discount Rate for Operating Leases and Finance Leases |
The following table sets forth UNIFI's weighted average remaining lease term in years and discount rate percentage used in the calculation of its outstanding lease liabilities:
|
|
|
|
|
|
|
|
|
Weighted Average Remaining Lease Term and Discount Rate |
|
June 28, 2026 |
|
|
June 29, 2025 |
|
Weighted average remaining lease term (years): |
|
|
|
|
|
|
Operating leases |
|
|
4.1 |
|
|
|
4.5 |
|
Finance leases |
|
|
3.8 |
|
|
|
3.3 |
|
Weighted average discount rate (percentage): |
|
|
|
|
|
|
Operating leases |
|
|
5.6 |
% |
|
|
5.1 |
% |
Finance leases |
|
|
4.8 |
% |
|
|
5.2 |
% |
|
| Schedule of Future Minimum Lease Payments for Finance Leases and Operating Leases |
Future minimum finance lease payments and future minimum payments under non-cancelable operating leases with initial lease terms in excess of one year as of June 28, 2026 by fiscal year were:
|
|
|
|
|
|
|
|
|
Maturity of Lease Liabilities |
|
Finance Leases |
|
|
Operating Leases |
|
Fiscal 2027 |
|
$ |
3,600 |
|
|
$ |
2,418 |
|
Fiscal 2028 |
|
|
2,456 |
|
|
|
1,522 |
|
Fiscal 2029 |
|
|
1,095 |
|
|
|
1,483 |
|
Fiscal 2030 |
|
|
1,034 |
|
|
|
858 |
|
Fiscal 2031 |
|
|
874 |
|
|
|
540 |
|
Fiscal years thereafter |
|
|
615 |
|
|
|
403 |
|
Total minimum lease payments |
|
$ |
9,674 |
|
|
$ |
7,224 |
|
Less estimated executory costs |
|
|
(113 |
) |
|
|
— |
|
Less imputed interest |
|
|
(822 |
) |
|
|
(638 |
) |
Present value of net minimum lease payments |
|
|
8,739 |
|
|
|
6,586 |
|
Less current portion of lease obligations |
|
|
(3,171 |
) |
|
|
(2,128 |
) |
Long-term portion of lease obligations |
|
$ |
5,568 |
|
|
$ |
4,458 |
|
|