Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.20.1
Segment Reporting (Tables)
 6 Months Ended
Mar. 29, 2020
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 tables below present 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 March 29, 2020  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non-allocated costs and intersegment eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 4,422     $ 2,525     $ -     $ 6,947  
Intersegment revenues     -       407       (407 )     -  
Total Revenue   $ 4,422     $ 2,932     $ (407 )   $ 6,947  
                                 
Interest expense   $ -     $ -     $ 6     $ 6  
                                 
Depreciation and Amortization   $ 8     $ 51     $ -     $ 59  
                                 
Income before taxes   $ 568     $ 244     $ 1,295     $ 2,107  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (170 )   $ 170     $ -     $ -  
Gain on change in fair value of warrants   $ -     $ -     $ (1,332 )   $ (1,332 )
Stock compensation expense   $ -     $ -     $ 31     $ 31  
Warranty Expense   $ -     $ 30     $ -     $ 30  
                                 
Segment Assets   $ 12,793     $ 6,784     $ -     $ 19,577  
Expenditures for segment assets   $ 33     $ 34     $ -     $ 67  

 

    Reportable Segment Financial Information
(thousands)		  
                         
    Three months ended March 31, 2019  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non-allocated costs and intersegment eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 4,648     $ 2,440     $ -     $ 7,088  
Intersegment revenues     -       395       (395 )     -  
Total Revenue   $ 4,648     $ 2,835     $ (395 )   $ 7,088  
                                 
Interest expense   $ -     $ -     $ 6     $ 6  
                                 
Depreciation and Amortization   $ 7     $ 77     $ -     $ 84  
                                 
Income (loss) before taxes   $ 826     $ 378     $ (1,960 )   $ (756 )
                                 
Other significant noncash items:                                
Allocated home office expense   $ (171 )   $ 171     $ -     $ -  
Loss on Change in Fair Value of Warrants   $ -     $ -     $ 1,932     $ 1,932  
Stock option compensation expense   $ -     $ -     $ 22     $ 22  
Royalty expense amortization   $ 8     $ -     $ -     $ 8  
Warranty Expense   $ -     $ 38     $ -     $ 38  
                                 
Segment Assets   $ 10,024     $ 4,736     $ -     $ 14,760  
Expenditures for segment assets   $ -     $ 78     $ -     $ 78  

 

    Reportable Segment Financial Information
(thousands)		  
                         
    Six months ended March 29, 2020  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non-allocated costs and intersegment eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 8,066     $ 4,767     $ -     $ 12,833  
Intersegment revenues     -       780       (780 )     -  
Total Revenue   $ 8,066     $ 5,547     $ (780 )   $ 12,833  
                                 
Interest expense   $ -     $ -     $ 11     $ 11  
                                 
Depreciation and Amortization   $ 15     $ 110     $ -     $ 125  
                                 
Income before taxes   $ 1,050     $ 506     $ 13     $ 1,569  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (340 )   $ 340     $ -     $ -  
Gain on change in fair value of warrants   $ -     $ -     $ (81 )   $ (81 )
Stock compensation expense   $ -     $ -     $ 57     $ 57  
Warranty expense   $ -     $ 59     $ -     $ 59  
                                 
Segment Assets   $ 12,793     $ 6,784     $ -     $ 19,577  
Expenditures for segment assets   $ 46     $ 50     $ -     $ 96  

 

    Reportable Segment Financial Information
(thousands)		  
                         
    Six months ended March 31, 2019  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non-allocated costs and intersegment eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 8,477     $ 4,502     $ -     $ 12,979  
Intersegment revenues     -       810       (810 )     -  
Total Revenue   $ 8,477     $ 5,312     $ (810 )   $ 12,979  
                                 
Interest expense   $ -     $ -     $ 12     $ 12  
                                 
Depreciation and Amortization   $ 16     $ 153     $ -     $ 169  
                                 
Income (loss) before taxes   $ 1,231     $ 708     $ (617 )   $ 1,322  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (341 )   $ 341     $ -     $ -  
Loss on change in fair value of warrants   $ -     $ -     $ 547     $ 547  
Stock option compensation expense   $ -     $ -     $ 58     $ 58  
Royalty expense amortization   $ 15     $ -     $ -     $ 15  
Warranty Expense   $ -     $ 17     $ -     $ 17  
                                 
Segment Assets   $ 10,024     $ 4,736     $ -     $ 14,760  
Expenditures for segment assets   $ 4     $ 92     $ -     $ 96