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Business Combinations
 12 Months Ended
Dec. 28, 2013
Business Combinations [Abstract]  
Business Combinations
Business Combinations

Ikanos
During the three month period ended March 31, 2012 the Company acquired a 25% interest in Ikanos, a private company, for $0.7 million and accounted for its interest using the equity method of accounting. On July 10, 2012, the Company purchased an additional 70,748 newly issued shares of Ikanos common stock for approximately $2.5 million, 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 outstanding 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 purchase price was as follows:
 
July 10, 2012 (As initially reported)
 
Measurement period adjustments
 
July 10, 2012 (As adjusted)
Cash and marketable securities
$
2,594,000

 
$
—

 
$
2,594,000

Accounts receivable
167,000

 
—

 
167,000

Property, plant and equipment
277,000

 
—

 
277,000

Customer Relationships
—

 
400,000

 
400,000

Trade name
—

 
170,000

 
170,000

Goodwill
1,141,000

 
(456,000
)
 
685,000

Other identifiable assets
111,000

 
—

 
111,000

Identifiable liabilities
(325,000
)
 
(114,000
)
 
(439,000
)
Noncontrolling interest in Ikanos
(1,384,000
)
 
—

 
(1,384,000
)
Total
$
2,581,000

 
$
—

 
$
2,581,000


The Company remeasured and decreased 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 results of operations of the Ikanos acquisition have been included in the consolidated statements of operations from the time the Company assumed majority ownership, approximately July 1, 2012. Ikanos' net loss from operations included in the consolidated results of operation for the year ended December 29, 2012 was $1.5 million. The transaction related costs associated with the Ikanos acquisition were considered immaterial and are included within selling, general and administrative expense for the fiscal year ended December 29, 2012. The goodwill will not be deductible for tax purposes. In 2013, Ikanos repurchased some of its outstanding common stock and the Company increased its ownership of Ikanos to 58%.

eMDT
In April 2013, the Company acquired 51% of the outstanding stock of eMDT, a private company, for $400,000. The Company has an option to acquire an additional 25% of the Company for $200,000. In connection with the acquisition, the Company has preliminarily allocated excess purchase price in the amount of approximately $400,000 to goodwill.  The Company's has finalized the purchase accounting.

The results of operations of the eMDT acquisition have been included in the consolidated statements of operations from the time the Company assumed majority ownership, approximately April 17, 2013. eMDT's net loss from operations included in the consolidated results of operation for the year ended December 28, 2013 was $0.3 million. The transaction related costs associated with the eMDT acquisition were considered immaterial and are included within selling, general and administrative expense for the fiscal year ended December 28, 2013. The goodwill will not be deductible for tax purposes.

The unaudited pro forma financial results for the fiscal years ended December 28, 2013 and December 29, 2012 combine the unaudited historical results of the Company along with the unaudited historical results of Ikanos and eMDT. The results include the effects of unaudited pro forma adjustments as if Ikanos and eMDT were acquired on January 1, 2012 (the first day of the Company's fiscal year 2012). There were no material nonrecurring pro forma adjustments in the calculation of revenue or earnings. The pro forma financial results presented below do not include any anticipated synergies or other expected benefits of the acquisition. These results are presented for informational purposes only and are not necessarily indicative of future operations.

 
Twelve Months Ended
 
December 28, 2013
December 29, 2012
Revenue
$
23,103,000

$
36,142,000

Net Loss
(4,670,000
)
(18,805,000
)