Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

Segment Reporting (Tables)

6 Months Ended

Apr. 01, 2018

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. The Company does not allocate interest expense, income taxes or unusual items to segments.

	Reportable Segment Financial Information (thousands)
	Three months ended April 1, 2018
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	2,322		$	2,228	$	-		$	4,550
Intersegment revenues		-			457		(457	)		-
Total Revenue	$	2,322		$	2,685	$	(457	)	$	4,550

Interest expense	$	-		$	-	$	9		$	9

Depreciation and Amortization	$	8		$	71	$	-		$	79

Income before taxes	$	16		$	228	$	2,304		$	2,548

Other significant noncash items:
Allocated home office expense	$	(161	)	$	161	$	-		$	-
Gain on change in fair value of warrants	$	-		$	-	$	(2,350	)	$	(2,350	)
Stock compensation expense	$	-		$	-	$	37		$	37
Royalty expense amortization	$	8		$	-	$	-		$	8

Segment Assets	$	8,703		$	3,987	$	-		$	12,690
Expenditures for segment assets	$	17		$	-	$	-		$	17

	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

Income (Loss) before taxes(1)	$	63		$	(69	)	$	(143	)	$	(149	)

Other significant noncash items:
Allocated home office expense	$	(169	)	$	169		$	-		$	-
Loss on Change in Fair Value of Warrants	$	-		$	-		$	72		$	72
Stock option compensation expense(1)	$	-		$	-		$	65		$	65
Royalty expense amortization	$	8		$	-		$	-		$	8

Segment Assets	$	8,308		$	4,046		$	-		$	12,354
Expenditures for segment assets	$	-		$	-		$	-		$	-

(1) General and administrative expenses for the three months ending April 2, 2017 of $65 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.

	Reportable Segment Financial Information (thousands)
	Six months ending April 1, 2018
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	4,988		$	4,339	$	-		$	9,327
Intersegment revenues		-			829		(829	)		-
Total Revenue	$	4,988		$	5,168	$	(829	)	$	9,327

Interest expense	$	-		$	-	$	12		$	12

Depreciation and Amortization	$	19		$	142	$	-		$	161

Income before taxes	$	154		$	477	$	1,913		$	2,544

Other significant noncash items:
Allocated home office expense	$	(317	)	$	317	$	-		$	-
Gain on change in fair value of warrants	$	-		$	-	$	(2,006	)	$	(2,006	)
Stock compensation expense	$	-		$	-	$	81		$	81
Royalty expense amortization	$	15		$	-	$	-		$	15

Segment Assets	$	8,703		$	3,987	$	-		$	12,690
Expenditures for segment assets	$	17		$	-	$	-		$	17

	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(1)	$	86		$	(100	)	$	219		$	205

Other significant noncash items:
Allocated home office expense	$	(335	)	$	335		$	-		$	-
Gain on change in fair value of warrants	$	-		$	-		$	(358	)	$	(358	)
Stock option compensation expense(1)	$	-		$	-		$	129		$	129
Royalty expense amortization	$	15		$	-		$	-		$	15

Segment Assets	$	8,308		$	4,046		$	-		$	12,354
Expenditures for segment assets	$	4		$	126		$	-		$	130

(1) General and administrative expenses for the three months ending April 2, 2017 of $129 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.