Table of Contents 2 PART I Page Item 1. Business 4 Item 1A. Risk Factors 7 Item 1B. Unresolved Staff Comments 11 Item 2. Properties 11 Item 3. Legal Proceedings 11 Item 4. Mine Safety Disclosures 12 Executive Officers of the Registrant 13 PART II Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 14 Item 6. Selected Financial Data 17 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 25 Item 8. Financial Statements and Supplementary Data 25 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 26 Item 9A. Controls and Procedures 26 Item 9B. Other Information 26 PART III Item 10. Directors, Executive Officers and Corporate Governance 27 Item 11. Executive Compensation 27 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 27 Item 13. Certain Relationships and Related Transactions, and Director Independence 27 Item 14. Principal Accounting Fees and Services 27 PART IV Item 15. Exhibits and Financial Statement Schedules 28 Item 16. Form 10-K Summary 28 Signatures 29 CONSOLIDATED FINANCIAL STATEMENTS Report of Independent Registered Public Accounting Firm 33 Consolidated Balance Sheets - December 26, 2020 and December 28, 2019 34 Consolidated Statements of Operations - Years ended December 26, 2020, December 28, 2019, and December 29, 2018 35 Consolidated Statements of Comprehensive Income (Loss) - Years ended December 26, 2020, December 28, 2019, and December 29, 2018 36 Consolidated Statements of Cash Flows - Years ended December 26, 2020, December 28, 2019, and December 29, 2018 37 Consolidated Statements of Stockholders' Equity - December 26, 2020, December 28, 2019, and December 29, 2018 38 Notes to Consolidated Financial Statements 38 Exhibit Index 68 THE DIXIE GROUP, INC. Index to Annual Report on Form 10-K for Year Ended December 26, 2020