Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.10.0.1
Segment Reporting (Tables)
 9 Months Ended
Jul. 01, 2018
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. The Company does not allocate interest expense, income taxes or unusual items to segments.

 

    Reportable Segment Financial Information
(thousands)		  
    Three months ended July 1, 2018  
       Optex Systems
Richardson 		        Applied Optics Center
Dallas 		        Other
(non-allocated costs and intersegment eliminations) 		        Consolidated
Total 		  
                                 
Revenues from external customers   $ 4,114     $ 2,010     $ —     $ 6,124  
Intersegment revenues     —       436       (436 )     —  
Total Revenue   $ 4,114     $ 2,446     $ (436 )   $ 6,124  
                                 
Interest expense   $ —     $ —     $ 4     $ 4  
                                 
Depreciation and Amortization   $ 9     $ 71     $ —     $ 80  
                                 
Income before taxes   $ 558     $ 201     $ (36 )   $ 723  
                                 
Other significant noncash items:                                
 Allocated home office expense   $ (159 )   $ 159     $ —     $ —  
 Gain on change in fair value of warrants   $ —     $ —     $ (4 )   $ (4 )
 Stock compensation expense   $ —     $ —     $ 36     $ 36  
 Royalty expense amortization   $ 8     $ —     $ —     $ 8  
                                 
 Segment Assets   $ 9,145     $ 3,987     $ —     $ 13,132  
 Expenditures for segment assets   $ 18     $ —     $ —     $ 18  

  

    Reportable Segment Financial Information
(thousands)		  
    Three months ended July 2, 2017  
       Optex Systems
Richardson 		        Applied Optics Center
Dallas  		        Other
(non-allocated costs and intersegment eliminations) 		        Consolidated
Total 		  
                                 
Revenues from external customers   $ 3,105     $ 1,281     $ —     $ 4,386  
Intersegment revenues     —       563       (563 )     —  
Total Revenue   $ 3,105     $ 1,844     $ (563 )   $ 4,386  
                                 
Interest expense   $ —     $ —     $ 4     $ 4  
                                 
Depreciation and Amortization   $ 14     $ 72     $ —     $ 86  
                                 
Income (Loss) before taxes(1)   $ 17     $ 91     $ (1,071 )   $ (963 )
                                 
Other significant noncash items:                                
 Allocated home office expense   $ (194 )   $ 194     $ —     $ —  
 Loss on Change in Fair Value of Warrants   $ —     $ —     $ 1,024     $ 1,024  
 Stock option compensation expense(1)   $ —     $ —     $ 43     $ 43  
 Royalty expense amortization   $ 8     $ —     $ —     $ 8  
                                 
 Segment Assets   $ 8,013     $ 4,336     $ —     $ 12,349  
 Expenditures for segment assets   $ —     $ —     $ —     $ —  

  

(1) General and administrative expenses for the three months ending July 2, 2017 of $43 thousand associated with the amortized stock compensation on executive/director restricted stock units has been restated from Optex Richardson to Other (non-allocated costs). Income (loss) before taxes for Optex Richardson and Other (non-allocated costs) has been restated to reflect the change.

  

    Reportable Segment Financial Information
(thousands)		  
    Nine months ending July 1, 2018  
       Optex Systems
Richardson 		        Applied Optics Center
Dallas 		        Other
(non-allocated costs and intersegment eliminations) 		        Consolidated
Total 		  
                                 
Revenues from external customers   $ 9,102     $ 6,349     $ —     $ 15,451  
Intersegment revenues     —       1,265       (1,265 )     —  
Total Revenue   $ 9,102     $ 7,614     $ (1,265 )   $ 15,451  
                                 
 Interest expense   $ —     $ —     $ 16     $ 16  
                                 
 Depreciation and Amortization   $ 27     $ 214     $ —     $ 241  
                                 
 Income before taxes   $ 711     $ 679     $ 1,877     $ 3,267  
                                 
 Other significant noncash items:                                
 Allocated home office expense   $ (476 )   $ 476     $ —     $ —  
 Gain on change in fair value of warrants   $ —     $ —     $ (2,010 )   $ (2,010 )
 Stock compensation expense   $ —     $ —     $ 117     $ 117  
 Royalty expense amortization   $ 22     $ —     $ —     $ 22  
                                 
 Segment Assets   $ 9,099     $ 4,033     $ —     $ 13,132  
 Expenditures for segment assets   $ 35     $ —     $ —     $ 35  

  

    Reportable Segment Financial Information
(thousands)		  
    Nine months ending July 2, 2017  
       Optex Systems
Richardson 		        Applied Optics Center
Dallas  		        Other
(non-allocated costs and intersegment eliminations) 		        Consolidated
Total 		  
                                 
Revenues from external customers   $ 7,547     $ 4,391     $ —     $ 11,938  
Intersegment revenues     —       1,455       (1,455 )     —  
Total Revenue   $ 7,547     $ 5,846     $ (1,455 )   $ 11,938  
                                 
Interest expense   $ —     $ —     $ 14     $ 14  
                                 
Depreciation and Amortization   $ 43     $ 210     $ —     $ 253  
                                 
Income (Loss) before taxes(1)   $ 102     $ (9 )   $ (851 )   $ (758 )
                                 
Other significant noncash items:                                
 Allocated home office expense   $ (529 )   $ 529     $ —     $ —  
 Loss on change in fair value of warrants   $ —     $ —     $ 666     $ 666  
 Stock option compensation expense(1)   $ —     $ —     $ 171     $ 171  
 Royalty expense amortization   $ 22     $ —     $ —     $ 22  
                                 
 Segment Assets   $ 8,013     $ 4,336     $ —     $ 12,349  
 Expenditures for segment assets   $ 4     $ 126     $ —     $ 130  

  

(1) General and administrative expenses for the nine months ending July 2, 2017 of $171 thousand associated with the amortized stock compensation on executive/director restricted stock units has been restated from Optex Richardson to Other (non-allocated costs). Income (loss) before taxes for Optex Richardson and Other (non-allocated costs) has been restated to reflect the change.