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Significant Accounting Policies (Policies)
3 Months Ended
Sep. 27, 2019
Accounting Policies [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block]
Recently Adopted Accounting Standards
 
In
June 2018,
the FASB issued guidance (ASU
2018
-
07
) intended to simplify the accounting for share based payments granted to nonemployees. Under the amendments in this guidance, payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The Company adopted this guidance effective
July 1, 2019.
The adoption of this guidance did
not
have a material impact on the Company’s financial statements and disclosures.
 
New Accounting Releases
 
In
August 2018,
the FASB issued updated guidance (ASU
2018
-
13
) as part of the disclosure framework project, which focuses on improving the effectiveness of disclosures in the notes to the financial statements. The amendments in this update modify the disclosure requirements on fair value measurements in Topic
820,
Fair Value Measurement. The amendments in this guidance are effective for fiscal years, and interim periods within those fiscal years, beginning after
December 15, 2019 (
the Company’s fiscal
2021
), with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on the Company’s disclosures.
 
In
August 2018,
the FASB issued updated guidance (ASU
2018
-
14
) intended to modify the disclosure requirements for employers that sponsor defined pension or postretirement plans. The amendments in this guidance are effective for fiscal years ending after
December 15, 2020 (
the Company’s fiscal
2021
), with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on the Company’s disclosures.
 
Special Note Regarding Smaller Reporting Company Status
 
Under SEC Release
33
-
10513;
34
-
83550,
Amendments to Smaller Reporting Company Definition, the Company qualifies as a smaller reporting and accordingly, it has scaled some of its disclosures of financial and non-financial information in this quarterly report. The Company will continue to determine whether to provide additional scaled disclosures of financial or non-financial information in future quarterly reports, annual reports and/or proxy statements if it remains a smaller reporting company under SEC rules.