Description of Business and Significant Accounting Policies (Policies)

6 Months Ended

Sep. 28, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of presentation

Basis of presentation

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America (“U.S.”) for interim financial information. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring items, except as otherwise noted, necessary for the fair presentation of our financial position, results of operations, and cash flows for the interim periods. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and accompanying Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 30, 2018. The results of operations for the three and six months ended September 28, 2018, are not necessarily indicative of the results expected for the entire fiscal year.

Fiscal accounting year

We have a 52/53-week fiscal year ending on the Friday closest to March 31. Unless otherwise stated, references to three and six-month periods in this report relate to fiscal periods ended September 28, 2018 and September 29, 2017. The six months ended September 28, 2018 and September 29, 2017 each consisted of 26 weeks. Our 2019 fiscal year consists of 52 weeks and ends on March 29, 2019.

Recently issued authoritative guidance

Significant accounting policies

There have been no material changes to our significant accounting policies as of and for the six months ended September 28, 2018, except for those noted in Note 2 and Note 3, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended March 30, 2018.