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SEGMENTS AND GEOGRAPHICAL INFORMATION | 9 Months Ended
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Sep. 29, 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 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 |  | Nine Months Ended
Total Revenue (in thousands) | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
Kopin | $ | 3,629 |  |  | $ | 3,744 |  |  | $ | 11,033 |  |  | $ | 10,409 |
Industrial | 1,895 |  |  | 2,395 |  |  | 6,549 |  |  | 6,036 |
Eliminations | (398 | ) |  | — |  |  | (858 | ) |  | — |
Total | $ | 5,126 |  |  | $ | 6,139 |  |  | $ | 16,724 |  |  | $ | 16,445 |
| Three Months Ended |  | Nine Months Ended
Total Intersegment Revenue (in thousands) | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
Kopin | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Industrial | 398 |  |  | — |  |  | 858 |  |  | — |
Total | $ | 398 |  |  | $ | — |  |  | $ | 858 |  |  | $ | — |
| Three Months Ended |  | Nine Months Ended
Net Loss Attributable to Kopin (in thousands) | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
Kopin | $ | (9,814 | ) |  | $ | (8,117 | ) |  | $ | (24,650 | ) |  | $ | (23,170 | )
Industrial | 23 |  |  | (130 | ) |  | 81 |  |  | (268 | )
Total | $ | (9,791 | ) |  | $ | (8,247 | ) |  | $ | (24,569 | ) |  | $ | (23,438 | )
Total Assets (in thousands) |  |  |  |  | September 29, 2018 |  | December 30, 2017
Kopin |  |  |  |  | $ | 62,573 |  |  | $ | 82,707 |
Industrial |  |  |  |  | 9,052 |  |  | 8,615 |
Total |  |  |  |  | $ | 71,625 |  |  | $ | 91,322 |
Total long-live assets by country at September 29, 2018 and December 30, 2017 were:
Total Long-lived Assets (in thousands) | September 29, 2018 |  | December 30, 2017
U.S. | $ | 2,103 |  |  | $ | 2,456 |
United Kingdom | 228 |  |  | 192 |
China | 2,575 |  |  | 338 |
Japan | 142 |  |  | 206 |
Korea | 28 |  |  | 1,885 |
Total | $ | 5,076 |  |  | $ | 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 nine months ended September 29, 2018 and September 30, 2017, the Company derived its sales from the following geographies:
| Three Months Ended September 29, 2018
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
United States | $ | 2,427 |  |  | 47 | % |  | $ | 820 |  |  | 16 | % |  | $ | 3,247 |  |  | 63 | %
Other Americas | 14 |  |  | — |  |  | 6 |  |  | — |  |  | 20 |  |  | — |
Total Americas | 2,441 |  |  | 48 |  |  | 826 |  |  | 16 |  |  | 3,267 |  |  | 64 |
Asia-Pacific | 863 |  |  | 17 |  |  | 324 |  |  | 6 |  |  | 1,187 |  |  | 23 |
Europe | 325 |  |  | 6 |  |  | 341 |  |  | 7 |  |  | 666 |  |  | 13 |
Other | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |  |  | — |
Total Revenues | $ | 3,629 |  |  | 71 | % |  | $ | 1,497 |  |  | 29 | % |  | $ | 5,126 |  |  | 100 | %
| Three Months Ended September 30, 2017
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
United States | $ | 2,000 |  |  | 33 | % |  | $ | 886 |  |  | 14 | % |  | $ | 2,886 |  |  | 47 | %
Other Americas | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | — |
Total Americas | 2,003 |  |  | 33 |  |  | 886 |  |  | 14 |  |  | 2,889 |  |  | 47 |
Asia-Pacific | 1,200 |  |  | 20 |  |  | 168 |  |  | 3 |  |  | 1,368 |  |  | 22 |
Europe | 541 |  |  | 9 |  |  | 1,341 |  |  | 22 |  |  | 1,882 |  |  | 31 |
Total Revenues | $ | 3,744 |  |  | 61 | % |  | $ | 2,395 |  |  | 39 | % |  | $ | 6,139 |  |  | 100 | %
| Nine Months Ended September 29, 2018
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
United States | $ | 7,586 |  |  | 45 | % |  | $ | 2,814 |  |  | 17 | % |  | $ | 10,400 |  |  | 62 | %
Other Americas | 43 |  |  | 1 |  |  | 29 |  |  | — |  |  | 72 |  |  | 1 |
Total Americas | 7,629 |  |  | 46 |  |  | 2,843 |  |  | 17 |  |  | 10,472 |  |  | 63 |
Asia-Pacific | 2,331 |  |  | 14 |  |  | 1,484 |  |  | 9 |  |  | 3,815 |  |  | 23 |
Europe | 1,073 |  |  | 6 |  |  | 1,336 |  |  | 8 |  |  | 2,409 |  |  | 14 |
Other | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |  |  | — |
Total Revenues | $ | 11,033 |  |  | 66 | % |  | $ | 5,691 |  |  | 34 | % |  | $ | 16,724 |  |  | 100 | %
| Nine Months Ended September 30, 2017
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
United States | $ | 6,166 |  |  | 37 | % |  | $ | 1,742 |  |  | 11 | % |  | $ | 7,908 |  |  | 48 | %
Other Americas | 13 |  |  | — |  |  | 22 |  |  | — |  |  | 35 |  |  | — |
Total Americas | 6,179 |  |  | 37 |  |  | 1,764 |  |  | 11 |  |  | 7,943 |  |  | 48 |
Asia-Pacific | 2,800 |  |  | 17 |  |  | 1,349 |  |  | 8 |  |  | 4,149 |  |  | 25 |
Europe | 1,430 |  |  | 9 |  |  | 2,915 |  |  | 18 |  |  | 4,345 |  |  | 27 |
Other | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |  |  | — |
Total Revenues | $ | 10,409 |  |  | 63 | % |  | $ | 6,036 |  |  | 37 | % |  | $ | 16,445 |  |  | 100 | %
During the three and nine months ended September 29, 2018 and September 30, 2017, the Company derived its sales from the following display applications:
| Three Months Ended September 29, 2018 |  | Three Months Ended September 30, 2017
(In thousands) | Kopin |  | Industrial |  | Total |  | Kopin |  | Industrial |  | Total
Military | $ | 582 |  |  | $ | 917 |  |  | $ | 1,499 |  |  | $ | 913 |  |  | $ | 1,872 |  |  | $ | 2,785 |
Industrial | 721 |  |  | 562 |  |  | 1,283 |  |  | 657 |  |  | 519 |  |  | 1,176 |
Consumer | 816 |  |  | — |  |  | 816 |  |  | 1,282 |  |  | — |  |  | 1,282 |
R&D | 1,482 |  |  | 1 |  |  | 1,483 |  |  | 550 |  |  | — |  |  | 550 |
Other | 28 |  |  | 17 |  |  | 45 |  |  | 342 |  |  | 4 |  |  | 346 |
Total Revenues | $ | 3,629 |  |  | $ | 1,497 |  |  | $ | 5,126 |  |  | $ | 3,744 |  |  | $ | 2,395 |  |  | $ | 6,139 |
| Nine Months Ended September 29, 2018 |  | Nine Months Ended September 30, 2017
(In thousands) | Kopin |  | Industrial |  | Total |  | Kopin |  | Industrial |  | Total
Military | $ | 2,448 |  |  | $ | 2,972 |  |  | $ | 5,420 |  |  | $ | 2,721 |  |  | $ | 3,637 |  |  | $ | 6,358 |
Industrial | 1,941 |  |  | 2,320 |  |  | 4,261 |  |  | 1,765 |  |  | 2,321 |  |  | 4,086 |
Consumer | 3,213 |  |  | — |  |  | 3,213 |  |  | 2,811 |  |  | — |  |  | 2,811 |
R&D | 3,363 |  |  | 200 |  |  | 3,563 |  |  | 1,934 |  |  | 9 |  |  | 1,943 |
Other | 68 |  |  | 199 |  |  | 267 |  |  | 1,178 |  |  | 69 |  |  | 1,247 |
Total Revenues | $ | 11,033 |  |  | $ | 5,691 |  |  | $ | 16,724 |  |  | $ | 10,409 |  |  | $ | 6,036 |  |  | $ | 16,445 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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