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Selected Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 28, 2013
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information (Unaudited)
Selected Quarterly Financial Information (Unaudited)
The following tables present Kopin’s quarterly operating results for the fiscal years ended December 28, 2013 and December 29, 2012. The information for each of these quarters is unaudited and has been prepared on the same basis as the audited consolidated financial statements. In the opinion of management, all necessary adjustments, consisting only of normal recurring adjustments, have been included to present fairly the unaudited consolidated quarterly results when read in conjunction with Kopin’s audited consolidated financial statements and related notes. These operating results are not necessarily indicative of the results of any future period.
Quarterly Periods During Fiscal Year Ended December 28, 2013:
 
 
Three months ended March 30, 2013
 
Three months ended June 29, 2013
 
Three months ended September 28, 2013
 
Three months
ended
December 28,
2013 (3)
 
(In thousands, except per share data)
Revenue
$
6,319

 
$
6,079

 
$
4,950

 
$
5,550

Gross profit (2)
$
(396
)
 
$
(595
)
 
$
267

 
$
645

(Loss) income from continuing operations
$
1,168

 
$
(8,062
)
 
$
(9,015
)
 
$
(9,844
)
Net loss attributable to the controlling interest
$
21,634

 
$
(7,910
)
 
$
(8,771
)
 
$
(9,660
)
Net loss per share from continuing operations (1):
 
 
 
 
 
 
 
Basic
$
0.34

 
$
(0.13
)
 
$
(0.14
)
 
$
(0.16
)
Diluted
$
0.34

 
$
(0.13
)
 
$
(0.14
)
 
$
(0.16
)
Shares used in computing net loss per share from continuing operations:
 
 
 
 
 
 
 
Basic
63,936

 
62,492

 
63,542

 
61,529

Diluted
63,936

 
62,492

 
63,542

 
61,529

 
(1)
Net income (loss) per share is computed independently for each of the quarters presented; accordingly, the sum of the quarterly net income per share may not equal the total computed for the year.
(2)
Gross profit is defined as net product revenue less cost of product revenues.
(3)
Includes $4.0 million impact in loss from continuing operations and net loss attributable to the controlling interest attributable to the impairment of intangibles and write off of investments for the three month period ended December 28, 2013, as described in Notes 4 and 6.

 
Quarterly Periods During Fiscal Year Ended December 29, 2012:
 
 
Three months ended March 31, 2012
 
Three months ended June 30, 2012
 
Three months ended September 29, 2012
 
Three months ended December 29, 2012
 
(In thousands, except per share data)
Revenue
$
10,866

 
$
7,012

 
$
8,190

 
$
8,574

Gross profit (2)
$
3,253

 
$
1,127

 
$
2,451

 
$
2,425

(Loss) income from continuing operations
$
(2,712
)
 
$
(6,456
)
 
$
(6,849
)
 
$
(5,766
)
Net loss attributable to the controlling interest
$
(2,578
)
 
$
(5,199
)
 
$
(6,724
)
 
$
(3,861
)
Net loss per share from continuing operations (1):
 
 
 
 
 
 
 
Basic
$
(0.04
)
 
$
(0.08
)
 
$
(0.11
)
 
$
(0.06
)
Diluted
$
(0.04
)
 
$
(0.08
)
 
$
(0.11
)
 
$
(0.06
)
Shares used in computing net loss per share from continuing operations:
 
 
 
 
 
 
 
Basic
64,225

 
63,078

 
63,415

 
63,836

Diluted
64,225

 
63,078

 
63,415

 
63,836

 
(1)
Net loss per share is computed independently for each of the quarters presented; accordingly, the sum of the quarterly net income per share may not equal the total computed for the year.
(2)
Gross profit is defined as net product revenue less cost of product revenues.