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SEGMENTS AND GEOGRAPHICAL INFORMATION

9 Months Ended

Sep. 30, 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 and virtual reality systems 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
	September 30, 2017												September 24, 2016
	Kopin				Industrial				Total				Kopin				Industrial				Total
Revenues	$	3,744			$	2,395			$	6,139			$	4,708			$	1,087			$	5,795
Net loss attributable to the controlling interest	(8,117		)		(130		)		(8,247		)		(7,901		)		(216		)		(8,117		)

	Nine Months Ended
	September 30, 2017												September 24, 2016
	Kopin				Industrial				Total				Kopin				Industrial				Total
Revenues	$	10,409			$	6,036			$	16,445			$	13,176			$	3,093			$	16,269
Net loss attributable to the controlling interest	(23,170		)		(268		)		(23,438		)		(17,628		)		(616		)		(18,244		)
Total assets	87,043				8,010				95,053				92,799				1,699				94,498
Long-lived assets	3,544				117				3,661				2,937				—				2,937

The total assets of Kopin are net of $6.0 million and $6.2 million in intercompany loans to Industrial as of September 30, 2017 and September 24, 2016, respectively.

During the three and nine month periods ended September 30, 2017 and September 24, 2016, the Company derived its sales from the following geographies (as a percentage of net revenues):

	Three Months Ended						Nine Months Ended
	September 30, 2017			September 24, 2016			September 30, 2017			September 24, 2016
United States	47	%		49	%		48	%		36	%
Asia-Pacific	22	%		37	%		25	%		48	%
Europe	31	%		14	%		27	%		16	%
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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