Subsequent Events

6 Months Ended

Sep. 25, 2016

Subsequent Events

Subsequent Events

Note 13. Subsequent Events

On October 11, 2016, Samsung Electronics Co. Ltd. announced the discontinuation and recall of its Galaxy Note 7 phone. The Company has not distributed this phone, but until recently distributed mobile device accessories related to it.  The Company’s inventory of these accessory products, which consists primarily of OEM inventory, but also includes some of the Company’s proprietary Ventev product, has been rendered largely obsolete on account of this discontinuation and recall.  Based on discussions with Samsung and the Company’s other primary vendors and customers for these accessory products, and after consideration of the Company’s investment in this inventory and assessment of its vendor return and reimbursement rights, the Company currently believes that, after accounting for anticipated vendor reimbursement, the net write-off related to this inventory will not be material.  These discussions and the Company’s assessment is continuing, however, and no assurances are offered that, even where the Company has return and reimbursement rights, those rights will be honored in a timely manner or at all, and the Company’s current belief is qualified accordingly.