Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.20.2
Segment Reporting (Tables)
 9 Months Ended
Jun. 28, 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 June 28, 2020  
    Optex Systems
Richardson		     Applied Optics
Center
Dallas		     Other
(non-allocated costs
and intersegment
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 3,851     $ 1,998     $ -     $ 5,849  
Intersegment revenues     -       421       (421 )     -  
Total Revenue   $ 3,851     $ 2,419     $ (421 )   $ 5,849  
                                 
Interest expense   $ -     $ -     $ 5     $ 5  
                                 
Depreciation and Amortization   $ 10     $ 51     $ -     $ 61  
                                 
Income before taxes   $ 97     $ 592     $ (653 )   $ 36  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (170 )   $ 170     $ -     $ -  
Loss on change in fair value of warrants   $ -     $ -     $ 585     $ 585  
Stock compensation expense   $ -     $ -     $ 63     $ 63  
Warranty Expense   $ -     $ 22     $ -     $ 22  
                                 
Segment Assets   $ 13,602     $ 6,522     $ -     $ 20,124  
Expenditures for segment assets   $ 54     $ -     $ -     $ 54  

 

    Reportable Segment Financial Information
(thousands)		  
    Three months ended June 30, 2019  
    Optex Systems
Richardson		     Applied Optics
Center
Dallas		     Other
(non-allocated costs
and intersegment
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 3,571     $ 1,776     $ -     $ 5,347  
Intersegment revenues     -       622       (622 )     -  
Total Revenue   $ 3,571     $ 2,398     $ (622 )   $ 5,347  
                                 
Interest expense   $ -     $ -     $ 5     $ 5  
                                 
Depreciation and Amortization   $ 7     $ 79     $ -     $ 86  
                                 
Income before taxes   $ 95     $ 196     $ 50     $ 341  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (171 )   $ 171     $ -     $ -  
Gain on Change in Fair Value of Warrants   $ -     $ -     $ (81 )   $ (81 )
Stock option compensation expense   $ -     $ -     $ 26     $ 26  
Royalty expense amortization   $ 8     $ -     $ -     $ 8  
Warranty Expense   $ -     $ 12     $ -     $ 12  
                                 
Segment Assets   $ 9,606     $ 4,545     $ -     $ 14,151  
Expenditures for segment assets   $ 39     $ 1     $ -     $ 40  

 

    Reportable Segment Financial Information
(thousands)		  
    Nine months ended June 28, 2020  
    Optex Systems
Richardson		     Applied Optics
Center
Dallas		     Other
(non-allocated costs
and intersegment
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 11,917     $ 6,765     $ -     $ 18,682  
Intersegment revenues     -       1,202       (1,202 )     -  
Total Revenue   $ 11,917     $ 7,967     $ (1,202 )   $ 18,682  
                                 
Interest expense   $ -     $ -     $ 17     $ 17  
                                 
Depreciation and Amortization   $ 24     $ 161     $ -     $ 185  
                                 
Income before taxes   $ 1,148     $ 1,098     $ (641 )   $ 1,605  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (510 )   $ 510     $ -     $ -  
Loss on change in fair value of warrants   $ -     $ -     $ 504     $ 504  
Stock compensation expense   $ -     $ -     $ 120     $ 120  
Warranty expense   $ -     $ 81     $ -     $ 81  
                                 
Segment Assets   $ 13,602     $ 6,522     $ -     $ 20,124  
Expenditures for segment assets   $ 100     $ 50     $ -     $ 150  

 

    Reportable Segment Financial Information
(thousands)		  
    Nine months ended June 30, 2019  
    Optex
Systems
Richardson		     Applied Optics
Center
Dallas		     Other
(non-allocated costs
and intersegment
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 12,047     $ 6,278     $ -     $ 18,325  
Intersegment revenues     -       1,432       (1,432 )     -  
Total Revenue   $ 12,047     $ 7,710     $ (1,432 )   $ 18,325  
                                 
Interest expense   $ -     $ -     $ 17     $ 17  
                                 
Depreciation and Amortization   $ 23     $ 232     $ -     $ 255  
                                 
Income before taxes   $ 1,326     $ 904     $ (566 )   $ 1,664  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (512 )   $ 512     $ -     $ -  
Loss on change in fair value of warrants   $ -     $ -     $ 465     $ 465  
Stock option compensation expense   $ -     $ -     $ 84     $ 84  
Royalty expense amortization   $ 23     $ -     $ -     $ 23  
Warranty Expense   $ -     $ 29     $ -     $ 29  
                                 
Segment Assets   $ 9,606     $ 4,545     $ -     $ 14,151  
Expenditures for segment assets   $ 43     $ 93     $ -     $ 136