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ACQUISITION OF IKANOS
 9 Months Ended
Sep. 29, 2012
Business Combinations [Abstract]  
ACQUISITION OF IKANOS
ACQUISITION OF IKANOS
On July 10, 2012, the Company purchased an additional 70,748 newly issued shares of Ikanos common stock for approximately $2,500,000, from Ikanos (the “Transaction”). As a result of this transaction and the Company's previous investment in Ikanos, the Company owns approximately 51% of the now outstanding common stock of Ikanos. The remaining 49% is held by other investors and employees of Ikanos. The Company began consolidating Ikanos on July 1, 2012.
The total purchase price was $2,581,000 and is comprised of:
Cash consideration
$
2,500,000

Fair market value of Kopin's previously held equity method investment in Ikanos
81,000

Total purchase price
$
2,581,000


The preliminary allocation of the purchase price is as follows:
Cash and equivalents
$
2,594,000

Accounts receivable
167,000

Property, plant and equipment
277,000

Goodwill
1,141,000

Other identifiable assets
111,000

Identifiable liabilities
(325,000
)
Noncontrolling interest in Ikanos
(1,384,000
)
Total
$
2,581,000


The allocation of purchase price is preliminary as the Company is finalizing the value of assets acquired, including the identification of intangible assets acquired.
The Company remeasured and wrote down its investment in Ikanos by approximately $558,000 within the statement of operations which represented the fair market value of the investment immediately prior to the Transaction.
The following supplemental pro forma disclosures are provided for the nine months ended September 29, 2012, assuming the acquisition of the controlling interest in Ikanos had occurred as January 1, 2012 (the first day of the Company's 2012 fiscal year), and for the nine months ended September 24, 2011, assuming the acquisition of the controlling interest in Ikanos had occurred as December 26, 2010 (the first day of the Company's 2011 fiscal year). All intercompany transactions have been eliminated.
 
Nine Months
Ended
September 29, 
 
Nine Months
Ended
September 24,
 
2012
 
2011
Revenues
$
70,120,000

 
$
96,566,000

Net (loss) income
(15,484,000
)
 
3,068,000