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RECENTLY ADOPTED AND RECENT ISSUED ACCOUNTING PRONOUNCEMENTS
 3 Months Ended
Dec. 27, 2014
Recently Adopted And Recent Issued Accounting Pronouncements  
RECENT ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

(3) RECENTLY ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS:

 

Adopted

 

In July 2013, the FASB issued guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, similar tax loss or tax carryforward exists. The FASB concluded that an unrecognized tax benefit should be presented as a reduction of a deferred tax asset except in certain circumstances the unrecognized tax benefit should be presented as a liability and should not be combined with deferred tax assets. The amendment is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted. The adoption of this guidance did not have an impact on our consolidated financial statements.

Issued

There were no recently issued accounting pronouncements during the first quarter of our fiscal year 2015 that we believe will have a material impact on our condensed consolidated financial statements.