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Segments and Geographical Information
 12 Months Ended
Dec. 31, 2011
Segments and Geographical Information

13.    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 (loss).

 

Effective as of January 11, 2011, when the Company acquired FDD, FDD is now a reportable segment. The Company has four operating and reportable segments: i) Kopin US, which includes the operations in the United States and the Company’s equity method investments, ii) Kowon iii) KTC and iv) FDD (commencing in 2011). The following table presents the Company’s reportable segment results for the years ended 2011, 2010 and 2009:

 

    Kopin U.S.     Kowon     KTC     FDD     Adjustments     Total  

2011

            

Revenues

   $ 125,961,000      $ 10,989,000      $ 20,995,000      $  4,874,000      $ (31,674,000 )    $ 131,145,000   

Net income (loss) attributable to the controlling interest

     4,887,000        134,000        6,117,000        (6,878,000 )      (662,000 )      3,598,000   

Total assets

     183,555,000        19,287,000        29,618,000        6,657,000        (44,553,000 )      194,564,000   

Long lived assets

     14,022,000        2,689,000        14,624,000        1,038,000        (4,000 )      32,369,000   

2010

            

Revenues

   $ 117,476,000      $ 11,603,000      $ 8,766,000      $ —        $ (17,459,000 )    $ 120,386,000   

Net income (loss) attributable to the controlling interest

     8,577,000        (112,000 )      433,000        —          36,000        8,934,000   

Total assets

     174,973,000        19,992,000        19,652,000        —          (22,521,000 )      192,096,000   

Long lived assets

     15,945,000        2,950,000        13,723,000        —          (4,000 )      32,614,000   

2009

            

Revenues

   $ 113,183,000      $ 8,644,000      $ 3,346,000      $ —        $ (10,518,000 )    $ 114,655,000   

Net income (loss) attributable to the controlling interest

     19,642,000        (1,095,000 )      723,000        —          173,000        19,443,000   

Total assets

     168,603,000        19,316,000        9,691,000        —          (14,386,000 )      183,224,000   

Long lived assets

     13,906,000        2,969,000        3,882,000        —          (4,000 )      20,753,000   

The Company has $1.7 million of goodwill related to its FDD segment.

The adjustments to reconcile to the consolidated financial statement total revenue, net income (loss) and total assets include the elimination of intercompany sales and intercompany receivables and the recording of the noncontrolling interest in Kowon and KTC.

Geographical revenue information for the three years ended December 31, 2011, December 25, 2010 and December 26, 2009 was based on the location of the customers and is as follows:

 

     Fiscal Year  
     2011     2010     2009  
     Revenue      % of Total     Revenue      % of Total     Revenue      % of Total  

Asia-Pacific

    $ 28,246,000         22 %    $ 27,977,000         23 %    $ 19,822,000         17 % 

Americas

      102,899,000         78 %      92,409,000         77 %      94,833,000         83 % 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  
   $ 131,145,000         100 %    $ 120,386,000         100 %    $ 114,655,000         100 % 
  

 

 

       

 

 

       

 

 

     

Revenues by product group consisted of approximately the following:

 

     Fiscal Year  
     2011      2010      2009  

III-V

    $ 66,486,000       $ 62,244,000       $ 46,452,000   

Display

      64,659,000         58,142,000         68,203,000   
  

 

 

     

 

 

     

 

 

  

Total revenues

    $ 131,145,000       $ 120,386,000       $ 114,655,000   
  

 

 

     

 

 

     

 

 

  

 

Long-lived assets by geographic area are as follows:

 

     Fiscal Years  
     2011      2010  

United States of America

    $ 14,022,000       $ 15,944,000   

United Kingdom

      1,038,000         —     

Republic of Korea

      2,685,000         2,947,000   

Taiwan, ROC

      14,624,000         13,723,000   
  

 

 

     

 

 

  
   $ 32,369,000       $ 32,614,000