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Restatement of deferred Tax Asset Valuation Allowance and Obsolete Inventory Reserve (Tables)
 6 Months Ended
Mar. 27, 2015
Accounting Changes and Error Corrections [Abstract]  
Impact of Restatement of Deferred Tax Asset Valuation and Inventory Reserve
The summary impacts of the restatement adjustments on the Company’s previously reported consolidated net loss for the three and six months ended March 28, 2014 follows:
  
 
 
Three Months Ended
 
Six Months Ended
 
 
March 28,
2014
 
March 28,
2014
(in thousands)
 
 
 
 
Net income/(loss) - Previously reported
 
$
(569
)
 
$
(1,669
)
Deferred tax asset valuation allowance adjustment
 
(14,019
)
 
(14,019
)
Excess and obsolete inventory reserve adjustment
 
(126
)
 
(358
)
Net income/(loss) - Restated
 
$
(14,714
)
 
$
(16,046
)
 
The impacts of the restatement adjustments on the Company’s previously reported consolidated income statement for the three and six months ended March 28, 2014 follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
March 28, 2014
 
March 28, 2014
 
 
 As Reported
 
 Adjustment
 
 Restated
 
 As Reported
 
 Adjustment
 
 Restated
(in thousands, except per share data)
 
 
 
 
 
 
 
 
 
 
Cost of sales
 
$
30,035

 
$
126

 
$
30,161

 
$
58,562

 
$
358

 
$
58,920

Gross profit
 
4,770

 
(126
)
 
4,644

 
8,380

 
(358
)
 
8,022

Operating profit /(loss)
 
(440
)
 
(126
)
 
(566
)
 
(1,778
)
 
(358
)
 
(2,136
)
Income/(loss) before income
taxes
 
(931
)
 
(126
)
 
(1,057
)
 
(2,648
)
 
(358
)
 
(3,006
)
Provision for /(benefit from)
income taxes
 
(362
)
 
14,019

 
13,657

 
(979
)
 
14,019

 
13,040

Net income /(loss)
 
(569
)
 
(14,145
)
 
(14,714
)
 
(1,669
)
 
(14,377
)
 
(16,046
)
Net income /(loss) per share
 
$
(0.06
)
 
$
(1.44
)
 
$
(1.50
)
 
$
(0.17
)
 
$
(1.47
)
 
$
(1.64
)