Loss On Sale Of Assets	6 Months Ended
Mar. 28, 2014
Loss On Sale Of Assets	NOTE 9 – LOSS ON SALE OF ASSETS In the first quarter of 2013 the Company sold the assets and liabilities associated with its electroluminescent (“EL”) product line to Beneq Products Oy (“Beneq”) for a base sale price of $6.5 million, of which $3.9 million was paid in cash at closing, with the remaining $2.6 million held as a promissory note and included in other current assets and other assets as of March 28, 2014. The term of the note is five years with principal payments due annually beginning on November 30, 2014. The note accrued interest at 8% annually in the first year and accrues interest at 15% annually thereafter. The transaction terms also provide for up to $3.5 million in additional cash consideration, which may be earned based upon the EL business achieving certain financial results in calendar years 2013 through 2015. As a result of this transaction the Company recorded a loss on sale of $1.3 million in the first six months of fiscal 2013. The loss recognized included transaction costs that were comprised primarily of legal and other professional services fees. The sale of these assets and liabilities did not constitute a disposal of a component of the Company as defined by ASC Topic 205, “Presentation of Financial Statements.” Under the terms of the sale of assets agreement entered into by the Company in conjunction with the sale of the assets and liabilities associated with the EL product line, the Company transferred to Beneq certain non-cancelable component purchase commitments with third party vendors. Subsequent to the closing of the transaction, the Company learned that a vendor party would not cooperate in the transfer to Beneq of such purchase commitments and demanded performance by Planar. Subsequent to the end of the second quarter of 2014, the Company entered into an agreement with the vendor related to such purchase commitments. As a part of the agreement, the Company agreed to take delivery and ownership of €2.9 million ($3.9 million based on the EUR to USD exchange rate as of March 28, 2014) of electronic components inventory in the third quarter of 2014. Payment to the vendor for this inventory will be made in the third quarter of 2014. The Company is still negotiating with Beneq regarding the terms under which the component inventory will be transferred to and paid for by Beneq and believes there is a reasonable possibility that the full value of the component inventory may not be recoverable, due to uncertainties relating to the timing of Beneq’s need and use of the component inventory, the continuing negotiations with Beneq to finalize a plan to accept delivery of and make payment for the component inventory, and the risk and uncertainties associated with that plan, when finalized. Management has evaluated this purchase commitment in accordance with ASC Topic 450, “Contingencies” and has not recorded a loss or liability related to the commitment in the second quarter of fiscal 2014 as Management does not currently have enough information to reasonably estimate the amount of loss, but believes the range of possible loss will be from $0 to $3.9 million based on the EUR to USD exchange rate as of March 28, 2014.

NOTE 9 – LOSS ON SALE OF ASSETS

In the first quarter of 2013 the Company sold the assets and liabilities associated with its electroluminescent (“EL”) product line to Beneq Products Oy (“Beneq”) for a base sale price of $6.5 million, of which $3.9 million was paid in cash at closing, with the remaining $2.6 million held as a promissory note and included in other current assets and other assets as of March 28, 2014. The term of the note is five years with principal payments due annually beginning on November 30, 2014. The note accrued interest at 8% annually in the first year and accrues interest at 15% annually thereafter. The transaction terms also provide for up to $3.5 million in additional cash consideration, which may be earned based upon the EL business achieving certain financial results in calendar years 2013 through 2015. As a result of this transaction the Company recorded a loss on sale of $1.3 million in the first six months of fiscal 2013. The loss recognized included transaction costs that were comprised primarily of legal and other professional services fees. The sale of these assets and liabilities did not constitute a disposal of a component of the Company as defined by ASC Topic 205, “Presentation of Financial Statements.”

Under the terms of the sale of assets agreement entered into by the Company in conjunction with the sale of the assets and liabilities associated with the EL product line, the Company transferred to Beneq certain non-cancelable component purchase commitments with third party vendors. Subsequent to the closing of the transaction, the Company learned that a vendor party would not cooperate in the transfer to Beneq of such purchase commitments and demanded performance by Planar. Subsequent to the end of the second quarter of 2014, the Company entered into an agreement with the vendor related to such purchase commitments. As a part of the agreement, the Company agreed to take delivery and ownership of €2.9 million ($3.9 million based on the EUR to USD exchange rate as of March 28, 2014) of electronic components inventory in the third quarter of 2014. Payment to the vendor for this inventory will be made in the third quarter of 2014. The Company is still negotiating with Beneq regarding the terms under which the component inventory will be transferred to and paid for by Beneq and believes there is a reasonable possibility that the full value of the component inventory may not be recoverable, due to uncertainties relating to the timing of Beneq’s need and use of the component inventory, the continuing negotiations with Beneq to finalize a plan to accept delivery of and make payment for the component inventory, and the risk and uncertainties associated with that plan, when finalized. Management has evaluated this purchase commitment in accordance with ASC Topic 450, “Contingencies” and has not recorded a loss or liability related to the commitment in the second quarter of fiscal 2014 as Management does not currently have enough information to reasonably estimate the amount of loss, but believes the range of possible loss will be from $0 to $3.9 million based on the EUR to USD exchange rate as of March 28, 2014.