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SEGMENTS AND GEOGRAPHICAL INFORMATION

9 Months Ended

Sep. 28, 2019

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.

Segment financial results were as follows:

	Three Months Ended								Nine Months Ended
Total Revenue (in thousands)	September 28, 2019				September 29, 2018				September 28, 2019				September 29, 2018
Kopin	$	4,699			$	3,629			$	15,829			$	11,033
Industrial	1,885				1,895				6,109				6,549
Eliminations	(445		)		(398		)		(1,146		)		(858		)
Total	$	6,139			$	5,126			$	20,792			$	16,724
	Three Months Ended								Nine Months Ended
Total Intersegment Revenue (in thousands)	September 28, 2019				September 29, 2018				September 28, 2019				September 29, 2018
Kopin	$	—			$	—			$	—			$	—
Industrial	445				398				1,146				858
Total	$	445			$	398			$	1,146			$	858
	Three Months Ended								Nine Months Ended
Net Loss Attributable to Kopin (in thousands)	September 28, 2019				September 29, 2018				September 28, 2019				September 29, 2018
Kopin	$	(6,737	)		$	(9,814	)		$	(22,789	)		$	(24,650	)
Industrial	112				23				572				81
Total	$	(6,625	)		$	(9,791	)		$	(22,217	)		$	(24,569	)
Total Assets (in thousands)									September 28, 2019				December 29, 2018
Kopin									$	44,099			$	50,995
Industrial									7,253				8,554
Total									$	51,352			$	59,549

Total long-live assets by country at September 28, 2019 and December 29, 2018 were:

Total Long-lived Assets (in thousands)	September 28, 2019				December 29, 2018
U.S.	$	1,380			$	2,101
United Kingdom	168				197
China	30				251
Japan	44				50
Total	$	1,622			$	2,599

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 28, 2019 and September 29, 2018, the Company derived its sales from the following geographies:

	Three Months Ended September 28, 2019
	Kopin							Industrial							Total
(In thousands, except percentages)	Revenue				% of Total			Revenue				% of Total			Revenue				% of Total
United States	$	3,138			51	%		$	315			5	%		$	3,453			56	%
Other Americas	10				—			—				—			10				—
Total Americas	3,148				51			315				5			3,463				56
Asia-Pacific	1,431				23			876				14			2,307				38
Europe	120				3			230				4			350				6
Other	—				—			19				—			19				—
Total Revenues	$	4,699			77	%		$	1,440			23	%		$	6,139			100	%
	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				47			826				17			3,267				63
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	%
	Nine Months Ended September 28, 2019
	Kopin							Industrial							Total
(In thousands, except percentages)	Revenue				% of Total			Revenue				% of Total			Revenue				% of Total
United States	$	7,329			35	%		$	1,135			6	%		$	8,464			41	%
Other Americas	28				—			7				—			35				—
Total Americas	7,357				35			1,142				6			8,499				41
Asia-Pacific	7,634				37			2,363				11			9,997				48
Europe	838				4			1,430				7			2,268				11
Other	—				—			28				—			28				—
Total Revenues	$	15,829			76	%		$	4,963			24	%		$	20,792			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				—			29				—			72				—
Total Americas	7,629				45			2,843				17			10,472				62
Asia-Pacific	2,331				15			1,484				9			3,815				24
Europe	1,073				6			1,336				8			2,409				14
Other	—				—			28				—			28				—
Total Revenues	$	11,033			66	%		$	5,691			34	%		$	16,724			100	%

During the three and nine months ended September 28, 2019 and September 29, 2018, the Company derived its sales from the following display applications:

	Three Months Ended September 28, 2019												Three Months Ended September 29, 2018
(In thousands)	Kopin				Industrial				Total				Kopin				Industrial				Total
Military	$	1,661			$	307			$	1,968			$	582			$	917			$	1,499
Industrial	1,590				1,035				2,625				721				562				1,283
Consumer	360				—				360				816				—				816
Other	2				—				2				28				17				45
R&D	1,086				98				1,184				1,482				1				1,483
License and royalties	—				—				—				—				—				—
Total Revenues	$	4,699			$	1,440			$	6,139			$	3,629			$	1,497			$	5,126
	Nine Months Ended September 28, 2019												Nine Months Ended September 29, 2018
(In thousands)	Kopin				Industrial				Total				Kopin				Industrial				Total
Military	$	4,017			$	1,190			$	5,207			$	2,448			$	2,972			$	5,420
Industrial	3,744				3,518				7,262				1,941				2,320				4,261
Consumer	1,510				—				1,510				3,213				—				3,213
Other	8				17				25				68				199				267
R&D	2,214				238				2,452				3,363				200				3,563
License and royalties	4,336				—				4,336				—				—				—
Total Revenues	$	15,829			$	4,963			$	20,792			$	11,033			$	5,691			$	16,724

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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

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