Subsequent events

9 Months Ended

Mar. 27, 2020

Subsequent event

21. Subsequent events

The outbreak of a novel strain of coronavirus (“COVID-19”) was recognized as a pandemic by the World Health Organization on March 11, 2020. The outbreak has spread globally, including to Thailand, the United States, UK and Europe.

The implications of COVID-19 on the Company’s business remain uncertain. Measures taken by governmental authorities and private actors to limit the spread of COVID-19 may interfere with the ability of the Company’s employees, suppliers and other business providers to carry out their assigned tasks or supply materials at ordinary levels of performance. While the Company’s operations are impacted as a result of this pandemic, the Company has not experienced a direct, materially adverse financial impact. The future impact of this pandemic on the Company’s business, financial condition, results of operations and cash flows cannot be predicted. The Company continues to monitor developments with the spread of COVID-19, actions taken by governmental authorities and private actors, and impacts to the Company’s suppliers and customers. The Company continues to work to minimize disruptions to its supply chain and manufacturing capabilities, and to ensure the safety of its employees. While the Company’s operations are impacted as a result of this pandemic, including as a result of restrictions on employees’ ability to travel and requirements that portions of the Company’s workforce work from home, the Company has not experienced a direct, materially adverse financial impact.

The Company is not currently aware of any business interruption or loss contingencies related to COVID-19 that would require recognition in the third quarter of fiscal 2020.