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Basis of Presentation
9 Months Ended
Jun. 27, 2015
Basis of Presentation [Abstract]  
Basis of Presentation

1. Basis of Presentation

 

The consolidated financial statements include the accounts of MTS Systems Corporation and its wholly owned subsidiaries (the “Company”). All significant intercompany balances and transactions have been eliminated.

 

The interim unaudited consolidated financial statements included herein have been prepared by the Company, pursuant to the rules and regulations of the United States (“U.S.”) Securities and Exchange Commission (“SEC”). The information furnished in these consolidated financial statements includes normal recurring adjustments and reflects all adjustments that are, in the opinion of management, necessary for a fair presentation of such financial statements. The consolidated financial statements are prepared in accordance with generally accepted accounting principles accepted in the United States of America (“U.S. GAAP”). U.S. GAAP requires the Company to make estimates and assumptions that affect amounts reported. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to SEC rules and regulations. The accompanying consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended September 27, 2014 filed with the SEC. Interim results of operations for the third quarter ended June  27, 2015 are not necessarily indicative of the results to be expected for the full year.

 

Fiscal Year

 

The Company’s fiscal year ends on the Saturday closest to September 30.  The Company’s fiscal years ended September 27, 2014 and September 28, 2013 consisted of 52 weeks.  The Company’s fiscal year ending October 3, 2015 will consist of 53 weeks.