Investments in Unconsolidated Affiliates

9 Months Ended

Mar. 30, 2025

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Affiliates

13. Investments in Unconsolidated Affiliates

Included within Other non-current assets are UNIFI’s investments in unconsolidated affiliates: U.N.F. Industries, Ltd. (“UNF”) and UNF America LLC (“UNFA”).

In December 2023, UNIFI dissolved its interest in UNF under an agreement whereby UNIFI agreed to pay the former joint venture partner $2,750 and recorded it as an associated contract termination cost within Restructuring costs on the Condensed Consolidated Statements of Operations and Comprehensive Loss. UNIFI made a payment to the former joint venture partner of $1,200 in the second quarter of fiscal 2024 and the remaining $1,550 was paid in the third quarter of fiscal 2024.

UNIFI’s raw material purchases under its supply agreement with UNFA consisted of the following:


	For the Three Months Ended				For the Nine Months Ended
	March 30, 2025		March 31, 2024		March 30, 2025		March 31, 2024
UNFA	$	4,572	$	2,586	$	11,614	$	9,499

As of March 30, 2025, UNIFI’s open purchase orders related to this supply agreement, all with UNFA, were $922. As of March 30, 2025 and June 30, 2024, UNIFI had accounts payable due to UNFA of $2,380 and $2,197, respectively.

Other than the supply agreement discussed above, UNIFI does not provide any other commitments or guarantees related to UNFA. As of March 30, 2025 and June 30, 2024, UNIFI’s investment in UNFA was $1,161 and $1,603, respectively. There have been no significant changes in the condensed balance sheet and income statement information for UNFA as previously disclosed in the 2024 Form 10-K.

UNIFI INC 10-Q