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Selected Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 26, 2015
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 26, 2015 and December 27, 2014. 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 26, 2015: 

 
Three months
ended
March 28,
2015 (3)
 
Three months
ended
June 27,
2015 (4)
 
Three months ended September 26, 2015
 
Three months
ended
December 26,
2015
 
(In thousands, except per share data)
Revenue
$
8,585

 
$
10,857

 
$
8,001

 
$
4,612

Gross profit (2)
$
1,845

 
$
3,127

 
$
1,762

 
$
(170
)
Loss from operations
$
(5,945
)
 
$
(5,495
)
 
$
(5,923
)
 
$
(7,958
)
Net (loss) gain attributable to the controlling interest
$
(3,838
)
 
$
781

 
$
(4,675
)
 
$
(6,961
)
Net (loss) gain per share from continuing operations (1):
 
 
 
 
 
 
 
Basic
$
(0.06
)
 
$
0.01

 
$
(0.07
)
 
$
(0.11
)
Diluted
$
(0.06
)
 
$
0.01

 
$
(0.07
)
 
$
(0.11
)
Shares used in computing net loss per share from continuing operations:
 
 
 
 
 
 
 
Basic
63,084

 
63,066

 
63,068

 
63,608

Diluted
63,084

 
65,030

 
63,068

 
63,608

 
(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.
(3)
Includes $2.1 million impact on net gain attributable to the controlling interest relating to the gain on sale of an investment for the three month period ended March 28, 2015.
(4)
Includes $5.5 million impact on net gain attributable to the controlling interest relating to the gain on sale of an investment for the three month period ended June 27, 2015.
 
Quarterly Periods During Fiscal Year Ended December 27, 2014:

 
Three months ended March 29, 2014
 
Three months ended June 28, 2014
 
Three months ended September 27, 2014
 
Three months
ended
December 28,
2013 (3)
 
(In thousands, except per share data)
Revenue
$
4,695

 
$
6,943

 
$
9,532

 
$
10,637

Gross profit (2)
$
2

 
$
753

 
$
3,861

 
$
2,701

(Loss) income from continuing operations
$
(9,614
)
 
$
(7,269
)
 
$
(5,520
)
 
$
(6,073
)
Net loss attributable to the controlling interest
$
(9,134
)
 
$
(8,806
)
 
$
(4,469
)
 
$
(5,302
)
Net loss per share from continuing operations (1):
 
 
 
 
 
 
 
Basic
$
(0.15
)
 
$
(0.14
)
 
$
(0.08
)
 
$
(0.08
)
Diluted
$
(0.15
)
 
$
(0.14
)
 
$
(0.08
)
 
$
(0.08
)
Shares used in computing net loss per share from continuing operations:
 
 
 
 
 
 
 
Basic
62,530

 
62,644

 
62,647

 
62,734

Diluted
62,530

 
62,644

 
62,647

 
62,734

 
(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 component revenue less cost of component revenues.
(3)
Includes $1.3 million impact in loss from operations and net loss attributable to the controlling interest attributable to the write off of an investment for the three month period ended June 28, 2014, as described in Note 4.