Related Party Transactions

9 Months Ended

Mar. 30, 2025

Related Party Transactions [Abstract]

Related Party Transactions

11. Related Party Transactions

Related party balances and transactions are not material to the condensed consolidated financial statements and, accordingly, are not presented separately from other financial statement captions.

There were no related party receivables as of March 30, 2025 and June 30, 2024.

Related party payables for Salem Leasing Corporation consisted of the following:

	March 30, 2025		June 30, 2024
Accounts payable	$	357	$	464
Operating lease obligations		158		301
Finance lease obligations		1,395		2,374
Total related party payables	$	1,910	$	3,139

The following were the Company’s significant related party transactions:

		For the Three Months Ended				For the Nine Months Ended
Affiliated Entity	Transaction Type	March 30, 2025		March 31, 2024		March 30, 2025		March 31, 2024
Salem Leasing Corporation	Payments for transportation equipment costs and finance lease debt service	$	1,028	$	1,066	$	3,307	$	3,503

As discussed in Note 5, "Long-Term Debt", UNIFI entered into the 2024 Facility in October 2024 which was collateralized by personal assets of a board member. During the three-month period ended March 30, 2025, UNIFI borrowed $22,000 on the 2024 Facility and used the proceeds to reduce the outstanding ABL Revolver balance.