2017 Q3 Form 10-Q Financial Statement
#000156459017020799 Filed on November 01, 2017
Income Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| Revenue | $164.2M | $160.0M |
| YoY Change | 2.67% | -1.35% |
| Cost Of Revenue | $141.0M | $136.4M |
| YoY Change | 3.32% | |
| Gross Profit | $23.29M | $23.55M |
| YoY Change | -1.08% | 12.21% |
| Gross Profit Margin | 14.18% | 14.72% |
| Selling, General & Admin | $12.86M | $11.41M |
| YoY Change | 12.73% | 5.36% |
| % of Gross Profit | 55.22% | 48.46% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $5.510M | $4.737M |
| YoY Change | 16.32% | 8.08% |
| % of Gross Profit | 23.66% | 20.12% |
| Operating Expenses | $12.86M | $11.41M |
| YoY Change | 12.73% | 5.36% |
| Operating Profit | $10.17M | $12.57M |
| YoY Change | -19.09% | 29.8% |
| Interest Expense | $1.185M | $692.0K |
| YoY Change | 71.24% | -29.67% |
| % of Operating Profit | 11.65% | 5.5% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $12.16M | $12.87M |
| YoY Change | -5.53% | 9.74% |
| Income Tax | $3.196M | $3.726M |
| % Of Pretax Income | 26.29% | 28.96% |
| Net Earnings | $8.960M | $9.403M |
| YoY Change | -4.71% | 17.17% |
| Net Earnings / Revenue | 5.46% | 5.88% |
| Basic Earnings Per Share | $0.49 | $0.52 |
| Diluted Earnings Per Share | $0.48 | $0.51 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 18.24M | 17.97M |
| Diluted Shares Outstanding | 18.57M | 18.35M |
Balance Sheet
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $42.39M | $20.92M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $78.98M | |
| Other Receivables | ||
| Total Short-Term Assets | ||
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | $3.385M | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | ||
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | ||
| YoY Change | ||
| Long-Term Debt Due | $10.00M | $9.526M |
| YoY Change | 4.98% | |
| Total Short-Term Liabilities | ||
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | ||
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | ||
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | ||
| Total Long-Term Liabilities | ||
| Total Liabilities | ||
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | ||
| YoY Change | ||
| Total Liabilities & Shareholders Equity | ||
| YoY Change |
Cashflow Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $8.960M | $9.403M |
| YoY Change | -4.71% | 17.17% |
| Depreciation, Depletion And Amortization | $5.510M | $4.737M |
| YoY Change | 16.32% | 8.08% |
| Cash From Operating Activities | $15.76M | $8.149M |
| YoY Change | 93.4% | 935.45% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $5.148M | $10.14M |
| YoY Change | -49.21% | -36.16% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$57.00K | $49.00K |
| YoY Change | -216.33% | -85.88% |
| Cash From Investing Activities | -$5.091M | -$10.18M |
| YoY Change | -50.01% | -27.95% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $0.00 | $0.00 |
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -4.029M | 6.358M |
| YoY Change | -163.37% | -56.02% |
| NET CHANGE | ||
| Cash From Operating Activities | 15.76M | 8.149M |
| Cash From Investing Activities | -5.091M | -10.18M |
| Cash From Financing Activities | -4.029M | 6.358M |
| Net Change In Cash | 6.640M | 4.323M |
| YoY Change | 53.6% | 289.81% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $15.76M | $8.149M |
| Capital Expenditures | $5.148M | $10.14M |
| Free Cash Flow | $10.61M | -$1.986M |
| YoY Change | -634.34% | -86.84% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
140950000 | |
| CY2016Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
136422000 | |
| CY2017Q3 | us-gaap |
Gross Profit
GrossProfit
|
23292000 | |
| CY2016Q3 | us-gaap |
Gross Profit
GrossProfit
|
23547000 | |
| CY2017Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
12863000 | |
| CY2016Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
11410000 | |
| CY2017Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-59000 | |
| CY2016Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-367000 | |
| CY2017Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-315000 | |
| CY2016Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
70000 | |
| CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
10173000 | |
| CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
12574000 | |
| CY2017Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
81000 | |
| CY2016Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
146000 | |
| CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
1185000 | |
| CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
692000 | |
| CY2017Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3087000 | |
| CY2016Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
840000 | |
| CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
12156000 | |
| CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
12868000 | |
| CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3196000 | |
| CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3726000 | |
| CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
8960000 | |
| CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
9142000 | |
| CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-261000 | |
| CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
9403000 | |
| CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.52 | |
| CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.51 | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2865000 | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
415000 | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
3174000 | |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
12134000 | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
8339000 | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-261000 | |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
12134000 | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
8600000 | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
0 | |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
0 | |
| CY2016Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
16646000 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
7178000 | |
| CY2016Q3 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
750000 | |
| CY2017Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5510000 | |
| CY2016Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4737000 | |
| CY2017Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
965000 | |
| CY2016Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
68000 | |
| CY2016Q3 | us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
447000 | |
| CY2017Q3 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-918000 | |
| CY2017Q3 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-163000 | |
| CY2017Q3 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-2030000 | |
| CY2017Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
6021000 | |
| CY2017Q3 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
285000 | |
| CY2016Q3 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
904000 | |
| CY2017Q3 | us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
-351000 | |
| CY2016Q3 | us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
-1775000 | |
| CY2016Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
509000 | |
| CY2017Q3 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
-146000 | |
| CY2017Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
15760000 | |
| CY2017Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5148000 | |
| CY2017Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-57000 | |
| CY2016Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
49000 | |
| CY2017Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5091000 | |
| CY2016Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-10184000 | |
| CY2017Q3 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
22200000 | |
| CY2016Q3 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
40200000 | |
| CY2017Q3 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
21900000 | |
| CY2016Q3 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
31700000 | |
| CY2017Q3 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
2500000 | |
| CY2016Q3 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
2375000 | |
| CY2017Q3 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
1785000 | |
| CY2016Q3 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
1073000 | |
| CY2017Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
219000 | |
| CY2016Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1200000 | |
| CY2016Q3 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
447000 | |
| CY2017Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-263000 | |
| CY2016Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-341000 | |
| CY2017Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4029000 | |
| CY2016Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6358000 | |
| CY2017Q3 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
326000 | |
| CY2016Q3 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-48000 | |
| CY2017Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
6966000 | |
| CY2016Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
4275000 | |
| CY2016Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20921000 | |
| CY2017Q3 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. Background</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Unifi, Inc., a New York corporation formed in 1969 (together with its subsidiaries, “UNIFI,” the “Company,” “we,” “us” or “our”), is a multi-national company that manufactures and sells innovative synthetic and recycled products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets. Polyester yarns include partially oriented yarn (“POY”), 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 and polyester polymer beads (“Chip”). Nylon products include textured, solution dyed and spandex covered yarns.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">UNIFI maintains one of the textile industry’s most comprehensive yarn product offerings that include specialized yarns, premium value-added (“PVA”) yarns and commodity yarns, with principal geographic markets in the Americas and Asia. </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">UNIFI has manufacturing operations in four countries and participates in joint ventures in Israel and the United States, the most significant of which is a 34% non-controlling partnership interest in Parkdale America, LLC (“PAL”), a producer of cotton and synthetic yarns for sale to the global textile industry and apparel market.     </p></div> | |
| CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
90119000 | |
| CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
2624000 | |
| CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
2418000 | |
| CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
551000 | |
| CY2017Q3 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
5167000 | |
| CY2017Q3 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2. Basis of Presentation; Condensed Notes</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The accompanying condensed consolidated financial statements are unaudited and have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information. As contemplated by the instructions of the Securities and Exchange Commission (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 25, 2017 (the “2017 Form 10-K”).</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">All dollar and other currency amounts and share amounts, except per share amounts, are presented in thousands (000s), except as otherwise noted.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The fiscal quarter for Unifi, Inc. and its subsidiary in El Salvador ended on September 24, 2017, the last Sunday in September. The fiscal quarter for Unifi, Inc.’s Brazilian, Chinese, Colombian and Sri Lankan subsidiaries ended on September 30, 2017. There were no significant transactions or events that occurred between Unifi, Inc.’s fiscal quarter end and such wholly owned subsidiaries’ subsequent fiscal quarter end. The three-month periods ended September 24, 2017 and September 25, 2016 each consisted of 13 fiscal weeks.</p> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain reclassifications of prior years’ data have been made to conform to the current year presentation.</p></div> | |
| CY2017Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
10000000 | |
| CY2017Q3 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
932000 | |
| CY2017Q2 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1026000 | |
| CY2017Q3 | ufi |
Capital Lease Obligations Range Start Month And Year
CapitalLeaseObligationsRangeStartMonthAndYear
|
2018-07 | |
| CY2017Q3 | ufi |
Capital Lease Obligations Range End Month And Year
CapitalLeaseObligationsRangeEndMonthAndYear
|
2027-11 | |
| CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
12775000 | |
| CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
16996000 | |
| CY2017Q2 | us-gaap |
Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
|
4677000 | |
| CY2017Q3 | ufi |
Depreciation And Amortization Including Software Development Amortization
DepreciationAndAmortizationIncludingSoftwareDevelopmentAmortization
|
5123000 | |
| CY2017Q3 | us-gaap |
Fiscal Period
FiscalPeriod
|
<div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The fiscal quarter for Unifi, Inc. and its subsidiary in El Salvador ended on September 24, 2017, the last Sunday in September. The fiscal quarter for Unifi, Inc.’s Brazilian, Chinese, Colombian and Sri Lankan subsidiaries ended on September 30, 2017. There were no significant transactions or events that occurred between Unifi, Inc.’s fiscal quarter end and such wholly owned subsidiaries’ subsequent fiscal quarter end. The three-month periods ended September 24, 2017 and September 25, 2016 each consisted of 13 fiscal weeks.</p></div> | |
| CY2017Q3 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain reclassifications of prior years’ data have been made to conform to the current year presentation.</p></div> | |
| CY2016Q3 | ufi |
Depreciation And Amortization Including Software Development Amortization
DepreciationAndAmortizationIncludingSoftwareDevelopmentAmortization
|
4214000 | |
| CY2017Q3 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
4725000 | |
| CY2016Q3 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
4240000 | |
| CY2017Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
9615000 | |
| CY2017Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
10469000 | |
| CY2017Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
5726000 | |
| CY2017Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
5675000 | |
| CY2017Q3 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
23383000 | |
| CY2017Q2 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
25168000 | |
| CY2017Q3 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
125483000 | |
| CY2017Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
129468000 | |
| CY2017Q3 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
7065000 | |
| CY2017Q2 | us-gaap |
Inventory Gross
InventoryGross
|
113372000 | |
| CY2017Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
2134000 | |
| CY2017Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
1967000 | |
| CY2017Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
827260000 | |
| CY2017Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
820420000 | |
| CY2017Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
618324000 | |
| CY2017Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
612355000 | |
| CY2017Q3 | us-gaap |
Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
|
5350000 | |
| CY2017Q2 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
7060000 | |
| CY2017Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
10000000 | |
| CY2017Q3 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
82446000 | |
| CY2017Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
83291000 | |
| CY2017Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
2212000 | |
| CY2017Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
2222000 | |
| CY2017Q3 | ufi |
Reserves For Yarn Quality Claims
ReservesForYarnQualityClaims
|
1254000 | |
| CY2017Q2 | ufi |
Reserves For Yarn Quality Claims
ReservesForYarnQualityClaims
|
1278000 | |
| CY2017Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
78980000 | |
| CY2017Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
79791000 | |
| CY2017Q3 | us-gaap |
Other Receivables
OtherReceivables
|
944000 | |
| CY2017Q2 | us-gaap |
Other Receivables
OtherReceivables
|
1330000 | |
| CY2017Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
40366000 | |
| CY2017Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
36748000 | |
| CY2017Q3 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
6482000 | |
| CY2017Q2 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
6104000 | |
| CY2017Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
8094000 | |
| CY2017Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
7399000 | |
| CY2017Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
65726000 | |
| CY2017Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
63121000 | |
| CY2017Q3 | us-gaap |
Inventory Gross
InventoryGross
|
120668000 | |
| CY2017Q2 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
5077000 | |
| CY2017Q3 | ufi |
Other Other Liabilities Noncurrent
OtherOtherLiabilitiesNoncurrent
|
6086000 | |
| CY2017Q2 | ufi |
Other Other Liabilities Noncurrent
OtherOtherLiabilitiesNoncurrent
|
6727000 | |
| CY2017Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.263 | |
| CY2016Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.290 | |
| CY2017Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
17976000 | |
| CY2017Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
17957000 | |
| CY2017Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
219000 | |
| CY2017Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
965000 | |
| CY2017Q3 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | |
| CY2017 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | |
| CY2016 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | |
| CY2017Q3 | ufi |
Fair Value Assets And Liabilities Transfers Among Level1 Level2 And Level3 Amount
FairValueAssetsAndLiabilitiesTransfersAmongLevel1Level2AndLevel3Amount
|
0 | |
| CY2016Q3 | ufi |
Fair Value Assets And Liabilities Transfers Among Level1 Level2 And Level3 Amount
FairValueAssetsAndLiabilitiesTransfersAmongLevel1Level2AndLevel3Amount
|
0 | |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18243000 | |
| CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17966000 | |
| CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
328000 | |
| CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
387000 | |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18571000 | |
| CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18353000 | |
| CY2017Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
264000 | |
| CY2016Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
155000 | |
| CY2017Q3 | ufi |
Unconsolidated Entities Number
UnconsolidatedEntitiesNumber
|
3 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
|
273699000 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
|
181868000 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
|
63538000 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
|
3211000 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
|
388818000 | |
| CY2017Q3 | us-gaap |
Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
|
44172000 | |
| CY2017Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
|
258160000 | |
| CY2017Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
|
184457000 | |
| CY2017Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
|
57977000 | |
| CY2017Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
|
3263000 | |
| CY2017Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
|
381377000 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
208484000 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
|
14664000 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
|
10465000 | |
| CY2017Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
8864000 | |
| CY2017Q3 | ufi |
Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
|
9647000 | |
| CY2017Q3 | ufi |
Amount Of Cash Received From Government Eap Program
AmountOfCashReceivedFromGovernmentEAPProgram
|
2241000 | |
| CY2017Q3 | ufi |
Amount Of Earnings Recognized From Government Eap Program
AmountOfEarningsRecognizedFromGovernmentEAPProgram
|
3255000 | |
| CY2016Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
211902000 | |
| CY2016Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
|
7041000 | |
| CY2016Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
|
1946000 | |
| CY2016Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
1971000 | |
| CY2016Q3 | ufi |
Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
|
11515000 | |
| CY2016Q3 | ufi |
Amount Of Cash Received From Government Eap Program
AmountOfCashReceivedFromGovernmentEAPProgram
|
4127000 | |
| CY2016Q3 | ufi |
Amount Of Earnings Recognized From Government Eap Program
AmountOfEarningsRecognizedFromGovernmentEAPProgram
|
3889000 | |
| CY2004Q3 | ufi |
The Term Of A Former Ground Lease
TheTermOfAFormerGroundLease
|
P99Y | |
| CY2017Q3 | ufi |
Monitoring And Reporting Costs Of An Individual Site Period
MonitoringAndReportingCostsOfAnIndividualSitePeriod
|
P7Y | |
| CY2017Q3 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
7000 | |
| CY2017Q2 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
6000 | |
| CY2017Q3 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
1215000 | |
| CY2017Q2 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
1245000 | |
| CY2017Q3 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | |
| CY2017Q3 | us-gaap |
Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
|
4885000 | |
| CY2017Q3 | ufi |
Segment Profit Loss
SegmentProfitLoss
|
28177000 | |
| CY2016Q3 | us-gaap |
Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
|
4116000 | |
| CY2016Q3 | ufi |
Segment Profit Loss
SegmentProfitLoss
|
27663000 | |
| CY2017Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1048000 | |
| CY2016Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
641000 | |
| CY2017Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2450000 | |
| CY2016Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2909000 | |
| CY2017Q3 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
41000 | |
| CY2016Q3 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
223000 | |
| CY2017Q3 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2928000 | |
| CY2017 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
3234000 | |
| CY2016Q3 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
4841000 | |
| CY2016 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
4197000 |
