NOTE 1  Nature of Operations and Basis of Presentation Nature of Operations ARC Group Worldwide, Inc. (the Company or ARC) is a leading, global advanced manufacturer offering a full suite of products and services to its customers, including: (i) metal injection molding (MIM); (ii) 3D metal and plastic printing (also referred to as Additive Manufacturing); (iii) precision metal stamping; (iv) traditional and clean room plastic injection molding; and (v) advanced rapid and conformal tooling.Through the Companys diverse product offering, ARC provides its customers with a holistic prototyping and full-run production solution for both precision metal and plastic fabrication.The Company further differentiates itself from its competitors by providing innovative, custom capabilities, which improve high-precision manufacturing efficiency and speed-to-market for its customers. ARCs mission is to accelerate the adoption of key technologies, such as automation, robotics, production software, and 3D printing, in traditional manufacturing, thereby benefiting from the elimination of inefficiencies currently present in the global supply chain.Further, ARC seeks to create innovative ways to streamline and improve the overall manufacturing process, including offering instant online quoting, in-house rapid and advanced conformal tooling, and a full suite of prototype-to-production capabilities. Basis of Presentation The Companys fiscal year begins July1 and ends June30, and the quarters for interim reporting consist of thirteen weeks; therefore, the quarter end will not always coincide with the date of the calendar month-end. The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial statements and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC).In the opinion of management, the accompanying unaudited condensed consolidated fi