Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.4.0.3
Segment Reporting (Tables)
 6 Months Ended
Mar. 27, 2016
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 presents the information for each of the reportable segments profit or loss as well as segment assets for the three months ending March 27, 2016 and the three months ending March 29, 2015. Optex Systems Holdings, Inc. does not allocate interest expense, income taxes or unusual items to segments.

  

    Reportable Segment Financial Information
(thousands)		  
    Three months ending March 27, 2016  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non allocated costs
and intersegment
eliminations)		     Consolidated 
Total		  
                         
Revenues from external customers   $ 1,966     $ 1,250     $ -     $ 3,216  
Intersegment revenues     -       437       (437 )     -  
Total Revenue   $ 1,966     $ 1,687     $ (437 )   $ 3,216  
                                 
Interest (income)     -       -       (3 )   $ (3 )
                                 
Depreciation and Amortization     18       68       -       86  
                                 
Income (Loss) before taxes     (166 )     (147 )     3       (310 )
                                 
Other significant noncash items:                                
Allocated home office expense     (188 )     188       -       -  
Stock compensation expense     24       -       -       24  
Royalty expense amortization     8       -       -       8  
Provision for (use of) contract loss reserves     -       (15 )     -       (15 )
                                 
Segment Assets     6,844       4,674       -       11,518  
Expenditures for segment assets     -       (19 )     -       (19 )

   

    Reportable Segment Financial Information
(thousands)		  
                         
    Three months ending March 29, 2015  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other 
(non allocated costs
 and intersegment 
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 1,921     $ 1,482     $ -     $ 3,403  
Intersegment revenues     -       -       -       -  
Total Revenue   $ 1,921     $ 1,482     $ -     $ 3,403  
                                 
Interest (income)     -       -       (5,326 )   $ (5,326 )
                                 
Depreciation and Amortization     23       68       -       91  
                                 
Income (Loss) before taxes     (331 )     (506 )     4,479       3,642  
                                 
Other significant noncash items:                                
Allocated home office expense     (100 )     100       -       -  
(Gain) on purchased asset - AOC     -       -       -       -  
Change in Fair Value - Derivatives                     (847 )     (847 )
Amortization of intangible assets     -       171       -       171  
Stock option compensation expense     24       -       -       24  
Royalty expense amortization     8       -       -       8  
Provision for (use of) contract loss reserves     -       41       -       41  
                                 
Segment Assets     7,619       4,075       -       11,694  
Expenditures for segment assets     (6 )     -       -       (6 )

 

The financial tables below presents the information for each of the reportable segments profit or loss as well as segment assets for the six months ending March 27, 2016 and the six months ending March 29, 2015. Optex Systems Holdings, Inc. does not allocate interest expense, income taxes or unusual items to segments.

 

    Reportable Segment Financial Information
(thousands)		  
                         
    Six months ending March 27, 2016  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non allocated costs
and intersegment
eliminations)		     Consolidated 
Total		  
                         
Revenues from external customers   $ 4,134     $ 2,295     $ -     $ 6,429  
Intersegment revenues     -       658       (658 )     -  
Total Revenue   $ 4,134     $ 2,953     $ (658 )   $ 6,429  
                                 
Interest expense     -       -       15     $ 15  
                                 
Depreciation and Amortization     37       135       -       172  
                                 
(Loss) before taxes     (152 )     (389 )     (15 )     (556 )
                                 
Other significant noncash items:                                
Allocated home office expense     (376 )     376       -       -  
Stock compensation expense     48       -       -       48  
Royalty expense amortization     15       -       -       15  
Provision for (use of) contract loss reserves     -       (30 )     -       (30 )
                                 
Segment Assets     6,844       4,674       -       11,518  
Expenditures for segment assets     -       (19 )     -       (19 )

  

    Reportable Segment Financial Information
(thousands)		  
                         
    Six months ending March 29, 2015  
    Optex Systems
Richardson		     Applied Optics Center
Dallas (1)		     Other

(non allocated costs
and intersegment
eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 3,677     $ 1,824     $ -     $ 5,501  
Intersegment revenues     -       -       -       -  
Total Revenue   $ 3,677     $ 1,824     $ -     $ 5,501  
                                 
Interest (income) expense     -       -       153     $ 153  
                                 
Depreciation and Amortization     47       111       -       158  
                                 
Income (Loss) before taxes     (445 )     1,411       (153 )     813  
                                 
Other significant noncash items:                                
Allocated home office expense     (166 )     166       -       -  
(Gain) on purchased asset - AOC     -       2,110       -       2,110  
Change in Fair Value - Derivatives                     -       -  
Amortization of intangible assets     -       171       -       171  
Stock option compensation expense     91       -       -       91  
Royalty expense amortization     15       -       -       15  
Provision for (use of) contract loss reserves     (10 )     41       -       31  
                                 
Segment Assets     7,619       4,075       -       11,694  
Expenditures for segment assets     (30 )     (2,064 )     -       (2,094 )

  

(1) The Applied Optics Center was acquired on November 3, 2014. Activity is for the period from November 3, 2014 through March 29, 2015.