|
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.
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|
Reportable
Segment Financial Information
(thousands) |
|
| |
|
Three
months ending December 31, 2017 |
|
| |
|
|
Optex
Systems
Richardson |
|
|
|
Applied
Optics Center
Dallas |
|
|
|
Other
(non allocated costs and intersegment eliminations) |
|
|
|
Consolidated
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues
from external customers |
|
$ |
2,665 |
|
|
$ |
2,112 |
|
|
$ |
— |
|
|
$ |
4,777 |
|
| Intersegment
revenues |
|
|
— |
|
|
|
371 |
|
|
|
(371 |
) |
|
|
— |
|
| Total Revenue |
|
$ |
2,665 |
|
|
$ |
2,483 |
|
|
$ |
(371 |
) |
|
$ |
4,777 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3 |
|
|
$ |
3 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
10 |
|
|
$ |
71 |
|
|
$ |
— |
|
|
$ |
81 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (Loss) before
taxes |
|
$ |
48 |
|
|
$ |
249 |
|
|
$ |
(391 |
) |
|
$ |
(94 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other significant noncash
items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocated
home office expense |
|
$ |
(156 |
) |
|
$ |
156 |
|
|
$ |
— |
|
|
$ |
— |
|
| Loss
on change in fair value of warrants |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
344 |
|
|
$ |
344 |
|
| Stock
compensation expense |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
44 |
|
|
$ |
44 |
|
| Royalty
expense amortization |
|
$ |
7 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
7 |
|
| Warranty
Expense |
|
$ |
— |
|
|
$ |
77 |
|
|
$ |
— |
|
|
$ |
77 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Assets |
|
$ |
8,477 |
|
|
$ |
4,708 |
|
|
$ |
— |
|
|
$ |
13,185 |
|
| |
|
Reportable
Segment Financial Information
(thousands) |
|
| |
|
Three
months ending January 1, 2017 |
|
| |
|
|
Optex
Systems
Richardson |
|
|
|
Applied
Optics Center
Dallas |
|
|
|
Other
(non allocated costs and intersegment eliminations) |
|
|
|
Consolidated
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues
from external customers |
|
$ |
2,039 |
|
|
$ |
1,473 |
|
|
$ |
— |
|
|
$ |
3,512 |
|
| Intersegment
revenues |
|
|
— |
|
|
|
462 |
|
|
|
(462 |
) |
|
|
— |
|
| Total Revenue |
|
$ |
2,039 |
|
|
$ |
1,935 |
|
|
$ |
(462 |
) |
|
$ |
3,512 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4 |
|
|
$ |
4 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
16 |
|
|
$ |
67 |
|
|
$ |
— |
|
|
$ |
83 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (Loss) before
taxes(1) |
|
$ |
23 |
|
|
$ |
(31 |
) |
|
$ |
362 |
|
|
$ |
354 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other significant noncash
items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocated
home office expense |
|
$ |
(166 |
) |
|
$ |
166 |
|
|
$ |
— |
|
|
$ |
— |
|
| (Gain)
on change in fair value of warrants |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(430 |
) |
|
$ |
(430 |
) |
| Stock
option compensation expense(1) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
64 |
|
|
$ |
64 |
|
| Royalty
expense amortization |
|
$ |
7 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
7 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Assets |
|
$ |
8,339 |
|
|
$ |
4,052 |
|
|
$ |
— |
|
|
$ |
12,391 |
|
| Expenditures for segment
assets |
|
$ |
4 |
|
|
$ |
126 |
|
|
$ |
— |
|
|
$ |
130 |
|
(1)
General and administrative expenses for the three months ending January 1, 2017 of $64 thousand associated with the amortized
stock compensation on executive/director restricted stock units has been restated from Optex Richardson to Other (non allocated
costs). Operating income (loss) for Optex Richardson and Other (non allocated costs) has been restated to reflect the change.
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