Property, Plant and Equipment, Net

12 Months Ended

Jun. 29, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

9. Property, Plant, and Equipment, Net

PP&E, net consists of the following:

	June 29, 2025			June 30, 2024
Land	$	1,039		$	1,897
Land improvements		10,425			16,409
Buildings and improvements		126,720			162,414
Assets under finance leases		19,756			18,030
Machinery and equipment		593,771			650,901
Computers, software and office equipment		25,400			25,464
Transportation equipment		10,789			10,710
Construction in progress		2,153			3,319
Gross PP&E		790,053			889,144
Less: accumulated depreciation		(608,133	)		(688,086	)
Less: accumulated amortization – finance leases		(8,997	)		(7,335	)
Total PP&E, net	$	172,923		$	193,723

Assets under finance leases consists of the following:

	June 29, 2025		June 30, 2024
Machinery and equipment	$	9,754	$	9,754
Transportation equipment		10,002		8,276
Gross assets under finance leases	$	19,756	$	18,030

Depreciation and amortization expense and repair and maintenance expenses were as follows:

	Fiscal 2025		Fiscal 2024		Fiscal 2023
Depreciation and amortization expense	$	24,956	$	26,985	$	25,729
Repair and maintenance expenses		20,138		19,985		17,999

In the fourth quarter of fiscal 2025, UNIFI sold land and land improvements, buildings and improvements and certain machinery and equipment associated with its manufacturing facility located in Madison, North Carolina. UNIFI received net proceeds of $43,322 and recorded a gain of $35,807. See Note 20, “Restructuring Costs,” for further detail.

In fiscal 2017, UNIFI constructed specialized bi-component spinning machinery in the Americas with a 15-year useful life to accommodate tolling demand and development efforts of a specific U.S. customer. After multiple years of operating the machinery, recovering the capital investment, and generating profitable sales, the contract terminated in accordance with its provisions, and additional development and commercialization efforts ceased in fiscal 2023, primarily due to the specialized nature and generally higher operating costs of the machinery. As a result of the lack of potential future demand, the machinery was considered to have zero future sales potential and negative future cash flows and was abandoned by the Company. Accordingly, UNIFI recorded an impairment of $8,247 to Other operating expense, net during the fourth quarter of fiscal 2023. Prior to the abandonment, the asset's net book value was $8,247. The new book value of $0, based on the income method (Level 3), reflects the lack of positive future cash flows, and no scrap or salvage value.