XML 50 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENTS AND GEOGRAPHICAL INFORMATION
 6 Months Ended
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