XML 35 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Segments and Disaggregation of Revenue
12 Months Ended
Dec. 29, 2018
Segment Reporting [Abstract]  
Segments and Disaggregation of Revenue
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 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 restated 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

 
$

 
 
 
 
 
 
Net Loss Attributable to the Controlling Interest (in thousands)
2018
 
2017
 
2016
Kopin
$
(35,104
)
 
$
(26,153
)
 
$
(22,622
)
Industrial
(766
)
 
1,277

 
(812
)
Eliminations

 
(364
)
 

Total
$
(35,870
)
 
$
(25,240
)
 
$
(23,434
)
 
 
 
 
 
 
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


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, 2018December 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, 2018December 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