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Other Assets and Amounts Due to / Due From Affiliates
 12 Months Ended
Dec. 26, 2015
Other Assets and Related Party Transactions Disclosure [Abstract]  
Other Assets and Amounts Due To / Due From Affiliates
Other Assets and Note Receivable
Marketable Equity Securities
As of December 26, 2015 and December 27, 2014, the Company had an investment in GCS Holdings which had a fair market value of $0.2 million and an adjusted cost basis of $0.0 million.
On February 25, 2015, the Company acquired approximately 251,000 shares of Vuzix common stock through a cashless exercise of warrants. The Company received the warrants in August 2013 as part of a restructuring of debt owed by Vuzix to the Company. Upon receipt of the warrants, the Company should have recorded the value of the warrant of approximately $352,000 in its consolidated financial statements. Subsequently, the Company should have marked to market the warrants at the end of each reporting period. Had the Company recorded the warrants in its consolidated financial statements and marked to market the warrants as of December 28, 2013 and December 27, 2014, the Company would have recorded gains in its statement of operations of approximately $646,000 and $171,000, respectively. In the first quarter of 2015, the Company recorded the warrants in its consolidated financial statements and as a result recorded a gain of approximately $1.3 million with $817,000 attributed to prior periods. The value of the warrants as of August 2013, December 28, 2013 and December 27, 2014 was determined using the Black-Scholes pricing model. The Company does not believe the unrecorded gains were material to the consolidated financial statements as the loss from operations for the fiscal years ended December 28, 2013 and December 27, 2014 were $35.9 million and $28.5 million, respectively.
Non-Marketable Securities—Equity Method Investments
Equity losses in unconsolidated affiliates recorded in the consolidated statement of operations are as follows:
 
 
2015
 
2014
 
2013
KoBrite
$
—

 
$
(102,305
)
 
$
(406,811
)
Ask Ziggy
$
(47,443
)
 
$
(284,137
)
 
$
(218,287
)
Total
$
(47,443
)
 
$
(386,442
)
 
$
(625,098
)

In the second quarter of 2014 the Company wrote-off its $1.3 million investment in KoBrite. Prior to the write-off, the Company accounted for its 12% ownership interest in Kobrite using the equity method. One of the Company’s directors is a member of the Board of Directors of Bright LED, principal investor of KoBrite.
In December 2013, the Company wrote down its investment of $2.5 million in Ask Ziggy. The Company continued to fund Ask Ziggy during the first quarter of year ending December 26, 2015. During the twelve months ended December 28, 2013, the Company recorded impairment charges of $2.5 million related to the write-off of a cost based investment.
Summarized financial information for 2013 includes Kobrite for the year ended September 30, 2013 and Ask Ziggy for the five month period August 1, 2013 through December 28, 2013. As of December 26, 2015 and December 27, 2014, the Company no longer has any equity-method investments with value in the financial statements.
 
 
2013
Current assets
$
7,769,000

Noncurrent assets
10,663,000

Current liabilities
1,207,000

Revenues
5,085,000

Margin loss
(2,501,000
)
Loss from operations
(6,114,000
)
Net loss
(5,526,000
)

The Company has a $15.0 million note receivable as a result of the sale of its III-V product line and investment in KTC, which was paid on January 15, 2016.
The Company has a loan to a non-officer employee for approximately $140,000 at December 26, 2015 and December 27, 2014, which is currently due.