XML 31 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
SEGMENTS AND GEOGRAPHICAL INFORMATION
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
SEGMENTS AND GEOGRAPHICAL INFORMATION
SEGMENTS AND DISAGGREGATION OF REVENUE
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.
As noted in Note 2. Accounting Standards, effective December 31, 2017, the Company adopted the requirements of Topic 606 using the modified retrospective method. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods.
Segment financial results were as follows:
 
Three Months Ended
 
Six Months Ended
Total Revenue (in thousands)
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Kopin
$
4,405

 
$
3,705

 
$
7,403

 
$
6,665

Industrial
1,948

 
2,222

 
4,604

 
3,641

Eliminations
(409
)
 

 
(409
)
 

Total
$
5,944

 
$
5,927

 
$
11,598

 
$
10,306

 
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
Total Intersegment Revenue (in thousands)
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Kopin
$

 
$

 
$

 
$

Industrial
409

 

 
409

 

Total
$
409

 
$

 
$
409

 
$

 
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
Net Loss Attributable to Kopin (in thousands)
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Kopin
$
(8,844
)
 
$
(7,141
)
 
$
(14,834
)
 
$
(15,052
)
Industrial
(397
)
 
(191
)
 
57

 
(138
)
Total
$
(9,241
)
 
$
(7,332
)
 
$
(14,777
)
 
$
(15,190
)
 
 
 
 
 
 
 
 
Total Assets (in thousands)
 
 
 
 
June 30, 2018
 
December 30, 2017
Kopin
 
 
 
 
$
74,693

 
$
82,707

Industrial
 
 
 
 
4,650

 
8,615

Total
 
 
 
 
$
79,343

 
$
91,322


Total long-live assets by country at June 30, 2018 and December 30, 2017 were as follows:
Total Long-lived Assets (in thousands)
June 30, 2018
 
December 30, 2017
U.S.
$
2,249

 
$
2,456

United Kingdom
169

 
192

China
2,509

 
338

Japan
167

 
206

Korea
32

 
1,885

Total
$
5,126

 
$
5,077

We disaggregate our revenue from contracts with customers by geographic location and by display application, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors.
During the three and six months ended June 30, 2018 and July 1, 2017, the Company derived its sales from the following geographies:
 
Three Months Ended June 30, 2018
 
Kopin
 
Industrial
 
Total
(In thousands, except percentages)
Revenue
 
% of Total
 
Revenue
 
% of Total
 
Revenue
 
% of Total
United States
$
2,950

 
50
%
 
$
608

 
10
%
 
$
3,558

 
60
%
Other
26

 

 
18

 

 
44

 
1

        Americas
2,976

 
50

 
626

 
11

 
3,602

 
61

Asia-Pacific
987

 
17

 
468

 
8

 
1,455

 
24

Europe
442

 
7

 
425

 
7

 
867

 
15

Australia

 

 
20

 

 
20

 

       Total Revenues
$
4,405

 
74
%
 
$
1,539

 
26
%
 
$
5,944

 
100
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended July 1, 2017
 
Kopin
 
Industrial
 
Total
(In thousands, except percentages)
Revenue
 
% of Total
 
Revenue
 
% of Total
 
Revenue
 
% of Total
United States
$
2,212

 
37
%
 
$
671

 
11
%
 
$
2,883

 
49
%
Other
5

 

 

 

 
5

 

        Americas
2,217

 
37

 
671

 
11

 
2,888

 
49

Asia-Pacific
1,009

 
17

 
546

 
9

 
1,555

 
26

Europe
479

 
8

 
998

 
17

 
1,477

 
25

Australia

 

 
7

 

 
7

 

       Total Revenues
$
3,705

 
63
%
 
$
2,222

 
37
%
 
$
5,927

 
100
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
Kopin
 
Industrial
 
Total
(In thousands, except percentages)
Revenue
 
% of Total
 
Revenue
 
% of Total
 
Revenue
 
% of Total
United States
$
5,160

 
44
%
 
$
1,994

 
17
%
 
$
7,154

 
62
%
Other
28

 

 
22

 

 
50

 

        Americas
5,188

 
45

 
2,016

 
17

 
7,204

 
62

Asia-Pacific
1,467

 
13

 
1,161

 
10

 
2,628

 
23

Europe
748

 
6

 
995

 
9

 
1,743

 
15

Australia

 

 
20

 

 
20

 

Middle East

 

 
3

 

 
3

 

       Total Revenues
$
7,403

 
64
%
 
$
4,195

 
36
%
 
$
11,598

 
100
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended July 1, 2017
 
Kopin
 
Industrial
 
Total
(In thousands, except percentages)
Revenue
 
% of Total
 
Revenue
 
% of Total
 
Revenue
 
% of Total
United States
$
4,166

 
40
%
 
$
856

 
8
%
 
$
5,022

 
49
%
Other
9

 

 
22

 

 
31

 

        Americas
4,175

 
41

 
878

 
9

 
5,053

 
49

Asia-Pacific
1,601

 
16

 
1,181

 
11

 
2,782

 
27

Europe
889

 
9

 
1,575

 
15

 
2,464

 
24

Australia

 

 
7

 

 
7

 

       Total Revenues
$
6,665

 
66
%
 
$
3,641

 
35
%
 
$
10,306

 
100
%
During the three and six months ended June 30, 2018 and July 1, 2017, the Company derived its sales from the following display applications:
 
Three Months Ended June 30, 2018
 
Three Months Ended July 1, 2017
(In thousands)
Kopin
 
Industrial
 
Total
 
Kopin
 
Industrial
 
Total
Military
$
1,067

 
$
570

 
$
1,637

 
$
954

 
$
1,282

 
$
2,236

Industrial
472

 
748

 
1,220

 
522

 
898

 
1,420

Consumer
1,505

 

 
1,505

 
884

 

 
884

R&D
1,322

 
150

 
1,472

 
939

 
9

 
948

Other
39

 
71

 
110

 
406

 
33

 
439

Total Revenues
$
4,405

 
$
1,539

 
$
5,944

 
$
3,705

 
$
2,222

 
$
5,927

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
Six Months Ended July 1, 2017
(In thousands)
Kopin
 
Industrial
 
Total
 
Kopin
 
Industrial
 
Total
Military
$
1,865

 
$
2,056

 
$
3,921

 
$
1,808

 
$
1,765

 
$
3,573

Industrial
1,220

 
1,759

 
2,979

 
1,109

 
1,802

 
2,911

Consumer
2,396

 

 
2,396

 
1,528

 

 
1,528

R&D
1,883

 
198

 
2,081

 
1,384

 
9

 
1,393

Other
39

 
182

 
221

 
836

 
65

 
901

Total Revenues
$
7,403

 
$
4,195

 
$
11,598

 
$
6,665

 
$
3,641

 
$
10,306