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SEGMENTS AND GEOGRAPHICAL INFORMATION
9 Months Ended
Sep. 24, 2011
SEGMENTS AND GEOGRAPHICAL INFORMATION

11. SEGMENTS AND GEOGRAPHICAL INFORMATION

The Company’s chief operating decision maker is its Chief Executive Officer. The Company’s chief operating decision maker evaluates the operating results of the Company’s reportable segments based on revenues and net income.

The Company has four operating and reportable segments: (i) Kopin U.S., which includes the operations in the United States and the Company’s equity method investment, (ii) Kowon, (iii) KTC and (iv) FDD (commencing in the first quarter of 2011). The following table presents the Company’s reportable segment results for the three and nine month periods ended September 24, 2011 and September 25, 2010 (in thousands):

 

     Kopin U.S.      Kowon     KTC      FDD     Adjustments     Total  

Three Months Ended

               

September 24, 2011

               

Revenues

    $ 28,038       $ 2,734      $ 5,892       $ 1,492      $ (8,590 )    $ 29,566   

Net income (loss) attributable to the controlling interest

      2         797        845         (593 )     (254 )      797   

September 25, 2010

               

Revenues

    $ 30,843       $ 3,335      $ 2,276       $ —        $ (4,852 )    $ 31,602   

Net income (loss) attributable to the controlling interest

      1,527         (614 )      359         —          89        1,361   

Nine Months Ended

               

September 24, 2011

               

Revenues

    $ 91,838       $ 7,927      $ 12,232       $ 4,014      $ (20,079 )    $ 95,932   

Net income (loss) attributable to the controlling interest

      3,707        305        1,334         (1,492 )      (189 )      3,665   

September 25, 2010

               

Revenues

    $ 85,146       $ 8,574      $ 6,202       $ —        $ (12,677 )    $ 87,245   

Net income (loss) attributable to the controlling interest

      3,638         (24 )      718         —          (74 )      4,258   

 

The adjustments to reconcile the consolidated financial statement total revenue and net income include the elimination of intercompany sales and noncontrolling interest in income of subsidiaries.

During the three and nine month periods ended September 24, 2011 and September 25, 2010, the Company derived its sales from the following geographies (as a percentage of net revenues):

 

     Three Months Ended     Nine Months Ended  
     September 24, 2011     September 25, 2010     September 24, 2011     September 25, 2010  

Asia-Pacific

      21 %      26 %      22 %      25 % 

Americas

      79 %      74 %      78 %      75 % 
  

 

 

    

 

 

    

 

 

    

 

 

  

Total Revenues

      100 %      100 %      100 %      100 % 
  

 

 

    

 

 

    

 

 

    

 

 

  

During the three and nine month periods ended September 24, 2011 and September 25, 2010, revenues by product group consisted of approximately the following:

 

     Three Months Ended      Nine Months Ended  
     September 24, 2011      September 25, 2010      September 24, 2011      September 25, 2010  

Display

    $ 14,063,000       $ 14,904,000       $ 46,861,000       $ 40,101,000   

III-V

      15,503,000         16,698,000         49,071,000         47,144,000   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Revenues

    $ 29,566,000       $ 31,602,000       $ 95,932,000       $ 87,245,000