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Segments and Disaggregation of Revenue | 12 Months Ended
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Dec. 29, 2018
Segment Reporting [Abstract] |
Segments and Disaggregation of Revenue | Segments and Disaggregation of Revenue (As Revised) 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 1. Summary of Significant Accounting Policies, effective December 31, 2017, the Company adopted Topic 606 using the modified retrospective method. The comparative information has not been revised and continues to be reported under the accounting standards in effect for those periods. Segment financial results were as follows:
Total Revenue (in thousands) | 2018 |  | 2017 |  | 2016
Kopin | $ | 16,981 |  |  | $ | 15,942 |  |  | $ | 18,733 |
Industrial | 9,116 |  |  | 13,585 |  |  | 3,909 |
Eliminations | (1,631 | ) |  | (1,685 | ) |  | — |
Total | $ | 24,465 |  |  | $ | 27,841 |  |  | $ | 22,643 |
Total Intersegment Revenue (in thousands) | 2018 |  | 2017 |  | 2016
Kopin | $ | — |  |  | $ | — |  |  | $ | — |
Industrial | 1,631 |  |  | 1,685 |  |  | — |
Total | $ | 1,631 |  |  | $ | 1,685 |  |  | $ | — |
| 2018 |  | 2017 |  | 2016
Net Loss Attributable to the Controlling Interest (in thousands) | (As Revised)1 |  |  |  | (As Revised)1
Kopin | $ | (33,768 | ) |  | $ | (26,153 | ) |  | $ | (22,757 | )
Industrial | (766 | ) |  | 1,277 |  |  | (812 | )
Eliminations | — |  |  | (364 | ) |  | — |
Total | $ | (34,534 | ) |  | $ | (25,240 | ) |  | $ | (23,569 | )
Intersegment Loss Attributable to the Controlling Interest (in thousands) | 2018 |  | 2017 |  | 2016
Kopin | $ | — |  |  | $ | — |  |  | $ | — |
Industrial | — |  |  | 364 |  |  | — |
Total | $ | — |  |  | $ | 364 |  |  | $ | — |
Total Assets (in thousands) |  |  | 2018 |  | 2017
Kopin |  |  | $ | 50,995 |  |  | $ | 82,707 |
Industrial |  |  | 8,554 |  |  | 8,615 |
Total |  |  | $ | 59,549 |  |  | $ | 91,322 |
1. | For discussion of the correcting adjustments, see Note 18 - Correction of Previously Issued Financial Statements
Total long-live assets by country at December 29, 2018 and December 30, 2017 were:
Total Long-lived Assets (in thousands) | 2018 |  | 2017
U.S. | $ | 2,101 |  |  | $ | 2,456 |
United Kingdom | 197 |  |  | 192 |
China | 251 |  |  | 338 |
Japan | 50 |  |  | 206 |
Korea | — |  |  | 1,885 |
Total | $ | 2,599 |  |  | $ | 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. Total revenue by geographical area for the fiscal years ended December 29, 2018, December 30, 2017 and December 31, 2016 was as follows:
| 2018
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
U.S. | $ | 10,799 |  |  | 44 | % |  | $ | 3,637 |  |  | 15 | % |  | $ | 14,436 |  |  | 59 | %
Other Americas | 49 |  |  | — |  |  | 74 |  |  | — |  |  | 123 |  |  | 1 |
Total Americas | 10,848 |  |  | 44 |  |  | 3,712 |  |  | 15 |  |  | 14,559 |  |  | 60 |
Asia-Pacific | 4,932 |  |  | 20 |  |  | 1,984 |  |  | 8 |  |  | 6,916 |  |  | 28 |
Europe | 1,194 |  |  | 5 |  |  | 1,754 |  |  | 7 |  |  | 2,948 |  |  | 12 |
Other | 7 |  |  | — |  |  | 35 |  |  | — |  |  | 42 |  |  | — |
Total Revenues | $ | 16,981 |  |  | 69 | % |  | $ | 7,484 |  |  | 30 | % |  | $ | 24,465 |  |  | 100 | %
| 2017
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
U.S. | $ | 10,056 |  |  | 36 | % |  | $ | 6,484 |  |  | 23 | % |  | $ | 16,540 |  |  | 59 | %
Other Americas | 24 |  |  | — |  |  | 62 |  |  | — |  |  | 86 |  |  | — |
Total Americas | 10,080 |  |  | 36 |  |  | 6,545 |  |  | 24 |  |  | 16,626 |  |  | 60 |
Asia-Pacific | 4,006 |  |  | 14 |  |  | 1,401 |  |  | 5 |  |  | 5,406 |  |  | 19 |
Europe | 1,856 |  |  | 7 |  |  | 3,954 |  |  | 14 |  |  | 5,810 |  |  | 21 |
Total Revenues | $ | 15,942 |  |  | 57 | % |  | $ | 11,900 |  |  | 43 | % |  | $ | 27,841 |  |  | 100 | %
| 2016
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
U.S. | $ | 8,847 |  |  | 39 | % |  | $ | 390 |  |  | 2 | % |  | $ | 9,237 |  |  | 41 | %
Other Americas | 41 |  |  | — |  |  | — |  |  | — |  |  | 41 |  |  | — |
Total Americas | 8,887 |  |  | 39 |  |  | 390 |  |  | 2 |  |  | 9,278 |  |  | 41 |
Asia-Pacific | 7,588 |  |  | 33 |  |  | 2,260 |  |  | 10 |  |  | 9,849 |  |  | 43 |
Europe | 2,258 |  |  | 10 |  |  | 1,258 |  |  | 6 |  |  | 3,516 |  |  | 16 |
Total Revenues | $ | 18,733 |  |  | 82 | % |  | $ | 3,909 |  |  | 18 | % |  | $ | 22,643 |  |  | 100 | %
Total revenue by display application for the fiscal years ended December 29, 2018, December 30, 2017 and December 31, 2016 was as follows:
| 2018
(In thousands) | Kopin |  | Industrial |  | Total
Military | $ | 4,755 |  |  | $ | 3,969 |  |  | $ | 8,724 |
Industrial | 2,969 |  |  | 3,096 |  |  | 6,066 |
Consumer | 4,146 |  |  | — |  |  | 4,146 |
R&D | 5,035 |  |  | 219 |  |  | 5,254 |
Other | 75 |  |  | 200 |  |  | 275 |
Total Revenues | $ | 16,981 |  |  | $ | 7,484 |  |  | $ | 24,465 |
| 2017
(In thousands) | Kopin |  | Industrial |  | Total
Military | $ | 4,400 |  |  | $ | 9,038 |  |  | $ | 13,438 |
Industrial | 2,695 |  |  | 2,783 |  |  | 5,478 |
Consumer | 4,406 |  |  | — |  |  | 4,406 |
R&D | 2,938 |  |  | 9 |  |  | 2,947 |
Other | 1,503 |  |  | 69 |  |  | 1,573 |
Total Revenues | $ | 15,942 |  |  | $ | 11,900 |  |  | $ | 27,841 |
| 2016
(In thousands) | Kopin |  | Industrial |  | Total
Military | $ | 4,963 |  |  | $ | 375 |  |  | $ | 5,338 |
Industrial | 3,128 |  |  | 3,168 |  |  | 6,296 |
Consumer | 7,418 |  |  | — |  |  | 7,418 |
R&D | 1,527 |  |  | — |  |  | 1,527 |
Other | 1,697 |  |  | 367 |  |  | 2,064 |
Total Revenues | $ | 18,733 |  |  | $ | 3,909 |  |  | $ | 22,643 |

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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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