$UFI
UNIFI INC

2024 Q2 Form 10-Q Financial Statement

#000095017024056853 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $157.5M $149.0M
YoY Change 0.46% 9.39%
Cost Of Revenue $146.7M $144.2M
YoY Change -0.29% 0.01%
Gross Profit $10.79M $4.764M
YoY Change 11.79% -159.55%
Gross Profit Margin 6.85% 3.2%
Selling, General & Admin $11.56M $11.37M
YoY Change -4.21% -3.2%
% of Gross Profit 107.08% 238.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.889M $6.792M
YoY Change -0.3% 0.8%
% of Gross Profit 63.84% 142.57%
Operating Expenses $11.61M $11.37M
YoY Change -3.72% -3.2%
Operating Profit -$823.0K -$6.926M
YoY Change -69.27% -65.05%
Interest Expense -$2.010M $2.407M
YoY Change -196.96% 27.42%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.833M -$9.505M
YoY Change -29.86% -54.97%
Income Tax $1.151M $790.0K
% Of Pretax Income
Net Earnings -$3.984M -$10.30M
YoY Change -23.15% -42.92%
Net Earnings / Revenue -2.53% -6.91%
Basic Earnings Per Share -$0.22 -$0.57
Diluted Earnings Per Share -$0.22 -$0.57
COMMON SHARES
Basic Shares Outstanding 18.25M 18.16M
Diluted Shares Outstanding 18.17M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.81M $27.66M
YoY Change -46.07% -45.53%
Cash & Equivalents $26.81M $27.66M
Short-Term Investments
Other Short-Term Assets $11.62M $9.460M
YoY Change -23.02% -28.35%
Inventory $131.2M $134.1M
Prepaid Expenses
Receivables $76.59M $74.08M
Other Receivables $164.0K $9.479M
Total Short-Term Assets $248.9M $252.2M
YoY Change -16.39% -9.34%
LONG-TERM ASSETS
Property, Plant & Equipment $193.7M $204.8M
YoY Change -15.48% -9.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.603M $1.537M
YoY Change -35.98% -36.75%
Other Assets $12.95M $13.40M
YoY Change -0.27% 1.36%
Total Long-Term Assets $220.3M $230.4M
YoY Change -13.15% -7.85%
TOTAL ASSETS
Total Short-Term Assets $248.9M $252.2M
Total Long-Term Assets $220.3M $230.4M
Total Assets $469.2M $482.6M
YoY Change -14.9% -8.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.62M $42.34M
YoY Change -8.55% 25.33%
Accrued Expenses $19.91M $19.04M
YoY Change 43.29% 58.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.28M $12.37M
YoY Change 6.35% 11.5%
Total Short-Term Liabilities $76.57M $77.72M
YoY Change 0.1% 32.16%
LONG-TERM LIABILITIES
Long-Term Debt $117.8M $116.1M
YoY Change -5.13% -2.46%
Other Long-Term Liabilities $3.507M $3.439M
YoY Change -28.59% -27.75%
Total Long-Term Liabilities $3.507M $3.439M
YoY Change -28.59% -27.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.57M $77.72M
Total Long-Term Liabilities $3.507M $3.439M
Total Liabilities $205.9M $204.8M
YoY Change -4.91% 5.92%
SHAREHOLDERS EQUITY
Retained Earnings $259.4M $263.4M
YoY Change -19.46% -19.52%
Common Stock $72.78M $72.50M
YoY Change 3.42% 4.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $263.4M $277.8M
YoY Change
Total Liabilities & Shareholders Equity $469.2M $482.6M
YoY Change -14.9% -8.64%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$3.984M -$10.30M
YoY Change -23.15% -42.92%
Depreciation, Depletion And Amortization $6.889M $6.792M
YoY Change -0.3% 0.8%
Cash From Operating Activities $932.0K -$1.357M
YoY Change -13.46% -110.31%
INVESTING ACTIVITIES
Capital Expenditures $2.623M $2.584M
YoY Change -69.18% -79.74%
Acquisitions
YoY Change
Other Investing Activities $29.00K $2.000K
YoY Change -92.43% -100.56%
Cash From Investing Activities -$2.594M -$2.582M
YoY Change -68.09% -80.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.629M -4.069M
YoY Change -71.12% -251.66%
NET CHANGE
Cash From Operating Activities 932.0K -1.357M
Cash From Investing Activities -2.594M -2.582M
Cash From Financing Activities 1.629M -4.069M
Net Change In Cash -33.00K -8.008M
YoY Change -97.66% -392.16%
FREE CASH FLOW
Cash From Operating Activities $932.0K -$1.357M
Capital Expenditures $2.623M $2.584M
Free Cash Flow -$1.691M -$3.941M
YoY Change -77.25% -1056.55%

Facts In Submission

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UNIFI, INC.
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46960000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
53290000
us-gaap Profit Loss
ProfitLoss
-43411000
us-gaap Profit Loss
ProfitLoss
-31055000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-311000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
539000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20780000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20388000
us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
1798000
us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
2791000
ufi Recovery Of Income Taxes
RecoveryOfIncomeTaxes
-3799000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2403000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1199000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
93000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-252000
us-gaap Increase Decrease In Receivables
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-4225000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-18585000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-15174000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-2217000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
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us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
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us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-1241000
ufi Increase Decrease In Accounts Payable And Other Current Liabilities
IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities
3577000
ufi Increase Decrease In Accounts Payable And Other Current Liabilities
IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities
-31644000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
1330000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-459000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1160000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8349000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32461000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
193000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8076000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
112800000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
121000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
6900000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4800000
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
6533000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2230000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1413000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-683000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12236000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21037000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-146000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-316000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19298000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3584000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27662000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
49706000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:Arial;min-width:fit-content;">1. Background</span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:8pt;font-family:Arial;min-width:fit-content;">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.</span></p><p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:8pt;font-family:Arial;min-width:fit-content;">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 </span><span style="font-size:8pt;font-family:Arial;color:#000000;white-space:pre-wrap;min-width:fit-content;">four</span><span style="color:#000000;white-space:pre-wrap;font-size:8pt;font-family:Arial;min-width:fit-content;"> countries and participates in joint ventures with operations in Israel and the United States (the “U.S.”). During the second quarter of fiscal 2024, UNIFI terminated the joint venture with operations in Israel.</span></p>
CY2024Q1 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
4
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:Arial;min-width:fit-content;">2. Basis of Presentation; Condensed Notes</span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:8pt;font-family:Arial;min-width:fit-content;">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”).</span></p><p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:8pt;font-family:Arial;min-width:fit-content;">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.</span></p><p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:8pt;font-family:Arial;min-width:fit-content;">All amounts, except per share amounts, are presented in thousands (000s), except as otherwise noted.</span></p><div><p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:8pt;font-family:Arial;min-width:fit-content;">The fiscal quarter for Unifi, Inc. and its material operating subsidiaries ended on March 31, 2024. The three-month periods ended March 31, 2024 and April 2, 2023 both consisted of 13 weeks. The nine-month periods ended March 31, 2024 and April 2, 2023 both consisted of 39 weeks.</span></p></div>
us-gaap Fiscal Period
FiscalPeriod
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:8pt;font-family:Arial;min-width:fit-content;">The fiscal quarter for Unifi, Inc. and its material operating subsidiaries ended on March 31, 2024. The three-month periods ended March 31, 2024 and April 2, 2023 both consisted of 13 weeks. The nine-month periods ended March 31, 2024 and April 2, 2023 both consisted of 39 weeks.</span></p>
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
148996000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
424757000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
472469000
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
10170000
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
10767000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
1632000
CY2024Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
128670000
CY2023Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
140899000
CY2024Q1 ufi Financing Obligation Current Portion
FinancingObligationCurrentPortion
3168000
CY2023Q3 ufi Financing Obligation Current Portion
FinancingObligationCurrentPortion
2806000
CY2024Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
244000
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
289000
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2023Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
128604000
ufi Finance Lease Obligations Range Start Month And Year
FinanceLeaseObligationsRangeStartMonthAndYear
2025-03
ufi Finance Lease Obligations Range End Month And Year
FinanceLeaseObligationsRangeEndMonthAndYear
2028-09
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
790000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
707000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
809000
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.283
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.017
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.027
ufi Fair Value Assets And Liabilities Transfers Among Level1 Level2 And Level3 Amount
FairValueAssetsAndLiabilitiesTransfersAmongLevel1Level2AndLevel3Amount
0
ufi Fair Value Assets And Liabilities Transfers Among Level1 Level2 And Level3 Amount
FairValueAssetsAndLiabilitiesTransfersAmongLevel1Level2AndLevel3Amount
0
CY2024Q1 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
2891000
CY2023Q3 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
2496000
us-gaap Gain Loss On Investments
GainLossOnInvestments
255000
us-gaap Gain Loss On Investments
GainLossOnInvestments
78000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-43411000
us-gaap Net Income Loss
NetIncomeLoss
-31055000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18169000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18052000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18121000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18029000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18169000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18052000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18121000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18029000
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
561000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
574000
CY2024Q1 ufi Unvested Stock Options That Vest Upon Achievement Of Certain Market Conditions
UnvestedStockOptionsThatVestUponAchievementOfCertainMarketConditions
333000
CY2023Q2 ufi Unvested Stock Options That Vest Upon Achievement Of Certain Market Conditions
UnvestedStockOptionsThatVestUponAchievementOfCertainMarketConditions
333000
ufi Unvested Stock Options That Vest Upon Achievement Of Certain Market Conditions
UnvestedStockOptionsThatVestUponAchievementOfCertainMarketConditions
333000
ufi Unvested Stock Options That Vest Upon Achievement Of Certain Market Conditions
UnvestedStockOptionsThatVestUponAchievementOfCertainMarketConditions
333000
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2023Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
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us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
148996000
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
144232000
CY2024Q1 us-gaap Gross Profit
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4764000
CY2024Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
6314000
CY2024Q1 ufi Segment Profit Loss
SegmentProfitLoss
11078000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
156738000
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
147085000
CY2023Q2 us-gaap Gross Profit
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9653000
CY2023Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
6123000
CY2023Q2 ufi Segment Profit Loss
SegmentProfitLoss
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
424757000
us-gaap Cost Of Goods And Services Sold
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us-gaap Gross Profit
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5825000
us-gaap Cost Of Goods And Services Sold Depreciation
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18925000
ufi Segment Profit Loss
SegmentProfitLoss
24750000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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472469000
us-gaap Cost Of Goods And Services Sold
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464253000
us-gaap Gross Profit
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8216000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
18006000
ufi Segment Profit Loss
SegmentProfitLoss
26222000
CY2024Q1 us-gaap Gross Profit
GrossProfit
4764000
CY2023Q2 us-gaap Gross Profit
GrossProfit
9653000
us-gaap Gross Profit
GrossProfit
5825000
us-gaap Gross Profit
GrossProfit
8216000
CY2024Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11372000
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12063000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
35389000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
35584000
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2023Q2 us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Restructuring Costs
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5101000
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OtherOperatingIncomeExpenseNet
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CY2023Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Other Operating Income Expense Net
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139000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2678000
us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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CY2024Q1 us-gaap Investment Income Interest
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432000
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
554000
us-gaap Investment Income Interest
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us-gaap Investment Income Interest
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1615000
CY2024Q1 us-gaap Interest Expense
InterestExpense
2407000
CY2023Q2 us-gaap Interest Expense
InterestExpense
2073000
us-gaap Interest Expense
InterestExpense
7505000
us-gaap Interest Expense
InterestExpense
5209000
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-604000
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
158000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-311000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
539000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9505000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4039000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-42704000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-30246000
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
1537000
CY2024Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
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us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1000000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
153000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
403000
us-gaap Interest Paid Net
InterestPaidNet
7182000
CY2023Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
549000
CY2023Q3 ufi Recovery Of Non Income Taxes Net Current Assets
RecoveryOfNonIncomeTaxesNetCurrentAssets
1933000
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
9460000
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
12327000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
904604000
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
906739000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
692949000
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
682768000
us-gaap Interest Paid Net
InterestPaidNet
4143000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4103000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4760000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
201000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1137000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1332000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2456000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1633000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3179000
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
77320000
CY2023Q3 us-gaap Accounts Receivable Gross Current
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