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SEGMENTS AND GEOGRAPHICAL INFORMATION | 6 Months Ended
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Jun. 30, 2012
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 (loss) attributable to the controlling interest. The Company has four operating and reporting 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) Forth Dimension Displays, Ltd. The following table presents the Company’s reportable segment results for the three and six month periods ended June 30, 2012 and June 25, 2011 (in thousands):
|  | Kopin U.S. |  |  | Kowon |  |  | KTC |  |  | FDD |  |  | Adjustments |  |  | Total |
Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 22,181 |  |  | $ | 1,289 |  |  | $ | 8,220 |  |  | $ | 667 |  |  | $ | (9,509 | ) |  | $ | 22,848 |
Net (loss) income attributable to the controlling interest |  |  | (4,043 | ) |  |  | (26 | ) |  |  | 1,301 |  |  |  | (2,357 | ) |  |  | (73 | ) |  |  | (5,198 | )
June 25, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 29,867 |  |  | $ | 2,456 |  |  | $ | 2,713 |  |  | $ | 1,564 |  |  | $ | (5,169 | ) |  | $ | 31,431 |
Net income (loss) attributable to the controlling interest |  |  | 1,268 |  |  |  | (147 | ) |  |  | (89 | ) |  |  | (274 | ) |  |  | 44 |  |  |  | 802 |
Six Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 46,899 |  |  | $ | 2,778 |  |  | $ | 17,478 |  |  | $ | 1,196 |  |  | $ | (20,255 | ) |  | $ | 48,096 |
Net (loss) income attributable to the controlling interest |  |  | (7,038 | ) |  |  | (174 | ) |  |  | 2,665 |  |  |  | (3,046 | ) |  |  | (184 | ) |  |  | (7,777 | )
June 25, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 63,800 |  |  | $ | 5,193 |  |  | $ | 6,339 |  |  | $ | 2,522 |  |  | $ | (11,489 | ) |  | $ | 66,365 |
Net income (loss) attributable to the controlling interest |  |  | 3,705 |  |  |  | (492 | ) |  |  | 489 |  |  |  | (899 | ) |  |  | 65 |  |  |  | 2,868 |
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 six month periods ended June 30, 2012 and June 25, 2011, the Company derived its sales from the following geographies (as a percentage of net revenues):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2012 |  |  | June 25, 2011 |  |  | June 30, 2012 |  |  | June 25, 2011 |
Asia-Pacific |  |  | 22 | % |  |  | 19 | % |  |  | 21 | % |  |  | 22 | %
Americas |  |  | 75 | % |  |  | 79 | % |  |  | 78 | % |  |  | 77 | %
Europe |  |  | 3 | % |  |  | 2 | % |  |  | 1 | % |  |  | 1 | %
Total Revenues |  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
During the three and six month periods ended June 30, 2012 and June 25, 2011, revenues by product group consisted of approximately the following:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2012 |  |  | June 25, 2011 |  |  | June 30, 2012 |  |  | June 25, 2011 |
Display |  | $ | 7,012,000 |  |  | $ | 15,425,000 |  |  | $ | 17,878,000 |  |  | $ | 32,798,000 |
III-V |  |  | 15,836,000 |  |  |  | 16,006,000 |  |  |  | 30,218,000 |  |  |  | 33,567,000 |
Total Revenues |  | $ | 22,848,000 |  |  | $ | 31,431,000 |  |  | $ | 48,096,000 |  |  | $ | 66,365,000 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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