Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.7.0.1
Segment Reporting (Tables)
 6 Months Ended
Apr. 02, 2017
Segment Reporting [Abstract]  
Schedule of information for each of the reportable segments profit or loss as well as segment assets for each year

The financial table below presents the information for each of the reportable segments profit or loss as well as segment assets for each year. Optex Systems Holdings, Inc. does not allocate interest expense, income taxes or unusual items to segments.

 

    Reportable Segment Financial Information
(thousands)		  
                         
    Three months ended April 2, 2017  
    Optex Systems
Richardson		     Applied Optics
Center
Dallas		     Other
(non allocated costs
and intersegment
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 2,404     $ 1,636     $ -     $ 4,040  
Intersegment revenues     -       431       (431 )     -  
Total Revenue   $ 2,404     $ 2,067     $ (431 )   $ 4,040  
                                 
 Interest expense     -       -       6       6  
                                 
 Depreciation and amortization     15       70       -       85  
                                 
 (Loss) before taxes     (2 )     (69 )     (78 )     (149 )
                                 
 Other significant noncash items:                                
Allocated home office expense     (169 )     169       -       -  
Loss on change in fair value of warrants     -       -       72       72  
Stock compensation expense     65       -       -       65  
Royalty expense amortization     8       -       -       8  
Provision for (use of) contract loss reserves     -       -       -       -  
                                 
 Segment Assets     8,308       4,046       -       12,354  
 Expenditures for segment assets     -       -       -       -  

 

    Reportable Segment Financial Information
(thousands)		  
                         
    Three months ended March 27, 2016  
    Optex Systems
Richardson		     Applied Optics
Center
Dallas		     Other
(non allocated costs
and intersegment
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 1,966     $ 1,250     $ -     $ 3,216  
Intersegment revenues     -       437       (437 )     -  
Total Revenue   $ 1,966     $ 1,687     $ (437 )   $ 3,216  
                                 
 Interest (income)     -       -       (3 )     (3 )
                                 
 Depreciation and amortization     18       68       -       86  
                                 
 Income (Loss) before taxes     (166 )     (147 )     3       (310 )
                                 
 Other significant noncash items:                                
 Allocated home office expense     (188 )     188       -       -  
 Stock option compensation expense     24       -       -       24  
 Royalty expense amortization     8       -       -       8  
 Use of contract loss reserves     -       (15 )     -       (15 )
                                 
 Segment Assets     6,844       4,674       -       11,518  
 Expenditures for segment assets     -       (19 )     -       (19 )

 

    Reportable Segment Financial Information
(thousands)		  
                         
    Six months ending April 2, 2017  
    Optex Systems
Richardson		     Applied Optics
Center
Dallas		     Other
(non allocated costs
and intersegment
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 4,442     $ 3,110     $ -     $ 7,552  
Intersegment revenues     -       893       (893 )     -  
Total Revenue   $ 4,442     $ 4,003     $ (893 )   $ 7,552  
                                 
 Interest expense   $ -     $ -     $ 10     $ 10  
                                 
 Depreciation and amortization   $ 30     $ 138     $ -     $ 168  
                                 
 Income (Loss) before taxes   $ (43 )   $ (100 )   $ 348     $ 205  
                                 
 Other significant noncash items:                                
 Allocated home office expense   $ (335 )   $ 335     $ -     $ -  
 Gain on change in fair value of warrants   $ -     $ -     $ (358 )   $ (358 )
 Stock compensation expense   $ 129     $ -     $ -     $ 129  
 Royalty expense amortization   $ 15     $ -     $ -     $ 15  
 Provision for (use of) contract loss reserves   $ -     $ -     $ -     $ -  
                                 
 Segment Assets   $ 8,308     $ 4,046     $ -     $ 12,354  
 Expenditures for segment assets   $ (4 )   $ (126 )   $ -     $ (130 )

 

    Reportable Segment Financial Information
(thousands)		  
                         
    Six months ending March 27, 2016  
    Optex Systems
Richardson		     Applied Optics
Center
Dallas		     Other
(non allocated costs
and intersegment
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 4,134     $ 2,295     $ -     $ 6,429  
Intersegment revenues     -       658       (658 )     -  
Total Revenue   $ 4,134     $ 2,953     $ (658 )   $ 6,429  
                                 
 Interest expense   $ -     $ -     $ 15     $ 15  
                                 
 Depreciation and amortization   $ 37     $ 135     $ -     $ 172  
                                 
 (Loss) before taxes   $ (152 )   $ (389 )   $ (15 )   $ (556 )
                                 
 Other significant noncash items:                                
 Allocated home office expense   $ (376 )   $ 376     $ -     $ -  
 Stock option compensation expense   $ 48     $ -     $ -     $ 48  
 Royalty expense amortization   $ 15     $ -     $ -     $ 15  
 Use of contract loss reserves   $ -     $ (30 )   $ -     $ (30 )
                                 
 Segment Assets   $ 6,844     $ 4,674     $ -     $ 11,518  
 Expenditures for segment assets   $ -     $ (19 )   $ -     $ (19 )