XML 26 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACQUISITION OF IKANOS (Tables)
 9 Months Ended
Sep. 29, 2012
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
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
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
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
Business Acquisition, Pro Forma Information
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