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SEGMENTS AND GEOGRAPHICAL INFORMATION

6 Months Ended

Jul. 01, 2017

Segment Reporting [Abstract]

SEGMENTS AND GEOGRAPHICAL INFORMATION

SEGMENTS AND GEOGRAPHICAL INFORMATION

The Company’s chief operating decision maker is its Chief Executive Officer. The Company has determined it has two reportable segments, Industrial, which includes the operations that develop and manufacture its reflective display products for test and simulation products, and Kopin, which includes the operations that develop and manufacture its other products. Previously the Company had two segments consisting of Kopin and FDD. The acquired company is included in the segment formerly known as FDD and the segment has been renamed to Industrial.

The following table presents the Company’s reportable segment results (in thousands):

	Three Months Ended
	July 01, 2017												June 25, 2016
	Kopin				Industrial				Total				Kopin				Industrial				Total
Revenues	$	3,705			$	2,222			$	5,927			$	3,321			$	1,034			$	4,355
Net loss attributable to the controlling interest	(7,141		)		(191		)		(7,332		)		(3,140		)		(54		)		(3,194		)

	Six Months Ended
	July 01, 2017												June 25, 2016
	Kopin				Industrial				Total				Kopin				Industrial				Total
Revenues	$	6,665			$	3,641			$	10,306			$	8,469			$	2,005			$	10,474
Net loss attributable to the controlling interest	(15,052		)		(138		)		(15,190		)		(9,727		)		(401		)		(10,128		)
Total assets	94,370				7,264				101,634				99,593				1,622				101,215
Long-lived assets	3,545				164				3,709				2,726				3				2,729

The total assets of Kopin are net of $6.4 million and $6.2 million in intercompany loans to Industrial as of July 1, 2017 and June 25, 2016, respectively.

During the three and six month periods ended July 1, 2017 and June 25, 2016, the Company derived its sales from the following geographies (as a percentage of net revenues):

	Three Months Ended						Six Months Ended
	July 1, 2017			June 25, 2016			July 1, 2017			June 25, 2016
United States	49	%		28	%		49	%		28	%
Asia-Pacific	26	%		59	%		27	%		55	%
Europe	25	%		13	%		24	%		17	%
Total Revenues	100	%		100	%		100	%		100	%

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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