2017 Q4 Form 10-Q Financial Statement
#000077126617000064 Filed on November 09, 2017
Income Statement
| Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
|---|---|---|---|
| Revenue | $11.40M | $6.139M | $5.795M |
| YoY Change | 78.92% | 5.94% | -27.57% |
| Cost Of Revenue | $6.740M | $4.145M | $4.574M |
| YoY Change | 70.2% | -9.37% | -14.63% |
| Gross Profit | $3.654M | $1.444M | $949.0K |
| YoY Change | 50.99% | 52.16% | -46.14% |
| Gross Profit Margin | 32.06% | 23.52% | 16.38% |
| Selling, General & Admin | $4.350M | $5.345M | $3.981M |
| YoY Change | -11.94% | 34.28% | -12.68% |
| % of Gross Profit | 119.05% | 370.15% | 419.45% |
| Research & Development | $4.670M | $5.254M | $4.123M |
| YoY Change | 24.2% | 27.42% | 2.87% |
| % of Gross Profit | 127.81% | 363.84% | 434.49% |
| Depreciation & Amortization | $620.0K | $700.0K | $300.0K |
| YoY Change | 1450.0% | 133.33% | -55.22% |
| % of Gross Profit | 16.97% | 48.48% | 31.61% |
| Operating Expenses | $9.020M | $10.60M | $8.104M |
| YoY Change | 3.8% | 30.79% | -5.41% |
| Operating Profit | -$5.366M | -$8.605M | -$6.883M |
| YoY Change | -14.42% | 25.02% | 16.2% |
| Interest Expense | $1.230M | $740.0K | -$930.0K |
| YoY Change | -40.58% | -179.57% | -180.17% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $30.00K | $306.4K | -$1.190M |
| YoY Change | -200.0% | -125.74% | -199.27% |
| Pretax Income | -$3.700M | -$8.298M | -$8.073M |
| YoY Change | -12.74% | 2.79% | 70.89% |
| Income Tax | -$26.92M | $4.500K | $114.0K |
| % Of Pretax Income | |||
| Net Earnings | -$1.803M | -$8.247M | -$8.117M |
| YoY Change | -65.26% | 1.6% | 71.97% |
| Net Earnings / Revenue | -15.82% | -134.34% | -140.07% |
| Basic Earnings Per Share | -$0.13 | ||
| Diluted Earnings Per Share | -$24.89K | -$103.8K | -$0.13 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 75.34M shares | 75.16M shares | 64.05M shares |
| Diluted Shares Outstanding | 64.05M shares |
Balance Sheet
| Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $68.76M | $77.34M | $84.03M |
| YoY Change | -10.94% | -7.97% | -3.79% |
| Cash & Equivalents | $24.85M | $25.88M | $21.00M |
| Short-Term Investments | $43.91M | $51.45M | $63.03M |
| Other Short-Term Assets | $1.200M | $1.500M | $1.100M |
| YoY Change | 0.0% | 36.36% | 22.22% |
| Inventory | $3.998M | $5.949M | $3.198M |
| Prepaid Expenses | |||
| Receivables | $3.955M | $2.024M | $1.666M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $79.74M | $86.69M | $90.07M |
| YoY Change | -4.38% | -3.75% | -16.91% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $5.077M | $3.661M | $2.937M |
| YoY Change | 70.6% | 24.66% | -19.36% |
| Goodwill | $1.780M | $2.377M | $870.0K |
| YoY Change | 110.92% | 173.17% | -9.49% |
| Intangibles | $883.6K | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $4.242M | $968.1K | $618.6K |
| YoY Change | 586.26% | 56.51% | -63.9% |
| Total Long-Term Assets | $11.58M | $8.362M | $4.425M |
| YoY Change | 160.99% | 88.97% | -31.61% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $79.74M | $86.69M | $90.07M |
| Total Long-Term Assets | $11.58M | $8.362M | $4.425M |
| Total Assets | $91.32M | $95.05M | $94.50M |
| YoY Change | 3.97% | 0.59% | -17.74% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $4.919M | $3.966M | $3.889M |
| YoY Change | 12.93% | 1.98% | 4.85% |
| Accrued Expenses | $4.400M | $6.400M | $5.500M |
| YoY Change | -2.22% | 16.36% | -1.79% |
| Deferred Revenue | $388.9K | ||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $12.10M | $16.16M | $13.20M |
| YoY Change | -9.44% | 22.43% | 9.81% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $1.800M | $300.0K | $300.0K |
| YoY Change | 800.0% | 0.0% | 0.0% |
| Total Long-Term Liabilities | $1.800M | $300.0K | $300.0K |
| YoY Change | 800.0% | 0.0% | 0.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $12.10M | $16.16M | $13.20M |
| Total Long-Term Liabilities | $1.800M | $300.0K | $300.0K |
| Total Liabilities | $13.20M | $15.40M | $13.70M |
| YoY Change | -4.35% | 12.41% | 17.09% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$237.1M | -$238.3M | -$208.9M |
| YoY Change | 10.75% | 14.11% | 13.72% |
| Common Stock | $331.9M | $331.8M | $329.1M |
| YoY Change | 0.79% | 0.81% | 0.44% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $17.24M | $17.24M | $42.74M |
| YoY Change | -59.67% | -59.67% | 0.0% |
| Treasury Stock Shares | 4.513M shares | 4.513M shares | 12.10M shares |
| Shareholders Equity | $78.10M | $78.56M | $80.81M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $91.32M | $95.05M | $94.50M |
| YoY Change | 3.97% | 0.59% | -17.74% |
Cashflow Statement
| Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.803M | -$8.247M | -$8.117M |
| YoY Change | -65.26% | 1.6% | 71.97% |
| Depreciation, Depletion And Amortization | $620.0K | $700.0K | $300.0K |
| YoY Change | 1450.0% | 133.33% | -55.22% |
| Cash From Operating Activities | -$6.070M | -$6.060M | -$7.760M |
| YoY Change | -0.98% | -21.91% | 506.25% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.450M | -$770.0K | -$20.00K |
| YoY Change | 2316.67% | 3750.0% | -94.12% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $7.420M | -$5.530M | $2.690M |
| YoY Change | 237.27% | -305.58% | 497.78% |
| Cash From Investing Activities | $5.970M | -$6.300M | $2.660M |
| YoY Change | 180.28% | -336.84% | 2318.18% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -1.560M | 24.66M | -10.00K |
| YoY Change | 212.0% | -246700.0% | -96.3% |
| NET CHANGE | |||
| Cash From Operating Activities | -6.070M | -6.060M | -7.760M |
| Cash From Investing Activities | 5.970M | -6.300M | 2.660M |
| Cash From Financing Activities | -1.560M | 24.66M | -10.00K |
| Net Change In Cash | -1.660M | 12.30M | -5.110M |
| YoY Change | -63.11% | -340.7% | 254.86% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$6.070M | -$6.060M | -$7.760M |
| Capital Expenditures | -$1.450M | -$770.0K | -$20.00K |
| Free Cash Flow | -$4.620M | -$5.290M | -$7.740M |
| YoY Change | -23.89% | -31.65% | 723.4% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
524084 | USD | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-71400 | USD | |
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-30 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-09-30 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000771266 | ||
| CY2017Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
75336563 | shares |
| dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
KOPIN CORP | ||
| dei |
Trading Symbol
TradingSymbol
|
KOPN | ||
| CY2017Q3 | kopn |
Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
|
1946060 | USD |
| kopn |
Intellectual Property
IntellectualProperty
|
8000000 | USD | |
| CY2016Q3 | kopn |
Percentage Of Total Revenue
PercentageOfTotalRevenue
|
1.00 | |
| kopn |
Product Warranty Term
ProductWarrantyTerm
|
P12M | ||
| us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
22000 | USD | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
1192128 | USD | |
| CY2017Q3 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
728281 | USD |
| kopn |
Percentage Of Total Revenue
PercentageOfTotalRevenue
|
1.00 | ||
| CY2017Q3 | kopn |
Percentage Of Total Revenue
PercentageOfTotalRevenue
|
1.00 | |
| kopn |
Percentage Of Total Revenue
PercentageOfTotalRevenue
|
1.00 | ||
| CY2016Q4 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
981761 | USD |
| CY2016Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
4355462 | USD |
| CY2017Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3965760 | USD |
| CY2017Q3 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
103100 | USD |
| CY2016Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1664488 | USD |
| CY2017Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2023618 | USD |
| CY2017Q3 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
0 | USD |
| us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-104282 | USD | |
| us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-40204 | USD | |
| CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1570971 | USD |
| CY2017Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
2346909 | USD |
| CY2016Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
328524644 | USD |
| CY2017Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
331008801 | USD |
| us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
0 | USD | |
| us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
-274000 | USD | |
| us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
503115 | USD | |
| us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
673720 | USD | |
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2484757 | USD | |
| CY2016Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
528428 | USD |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1479481 | USD | |
| CY2017Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1022029 | USD |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2990157 | USD | |
| CY2016Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
136000 | USD |
| CY2017Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
149000 | USD |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1100000 | USD | |
| CY2016Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
246922 | USD |
| CY2017Q3 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
268068 | USD |
| CY2016Q3 | us-gaap |
Assets
Assets
|
94498000 | USD |
| CY2016Q4 | us-gaap |
Assets
Assets
|
87832272 | USD |
| CY2017Q3 | us-gaap |
Assets
Assets
|
95052700 | USD |
| CY2017Q3 | us-gaap |
Assets
Assets
|
95053000 | USD |
| CY2016Q4 | us-gaap |
Assets Current
AssetsCurrent
|
83394104 | USD |
| CY2017Q3 | us-gaap |
Assets Current
AssetsCurrent
|
86690569 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
0 | USD |
| CY2017Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
0 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
291844 | USD |
| CY2017Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
222220 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
61667245 | USD |
| CY2017Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
51677130 | USD |
| CY2017Q3 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
51454910 | USD |
| CY2017Q3 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
18677660 | USD |
| CY2017Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
30831190 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
61375401 | USD |
| CY2017Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
51454910 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
61375401 | USD |
| CY2017Q3 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
51454910 | USD |
| CY2017Q3 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
200000 | USD |
| CY2017Q1 | us-gaap |
Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
|
1 | |
| CY2017Q1 | us-gaap |
Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
|
1489000 | USD |
| CY2016Q3 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-7710770 | USD |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
15822495 | USD |
| us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-18226203 | USD | |
| us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-23271116 | USD | |
| CY2016Q3 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
6698701 | USD |
| us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
17894777 | USD | |
| us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
17081144 | USD | |
| us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
0 | USD | |
| us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
3690047 | USD | |
| CY2017Q1 | us-gaap |
Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
|
3693000 | USD |
| CY2017Q1 | us-gaap |
Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
|
2000000 | USD |
| CY2017Q1 | us-gaap |
Business Combination Contingent Consideration Asset Noncurrent
BusinessCombinationContingentConsiderationAssetNoncurrent
|
160000 | USD |
| CY2017Q1 | us-gaap |
Business Combination Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognized
|
490700 | USD |
| us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
-500000 | USD | |
| CY2017Q3 | us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
-100000 | USD |
| us-gaap |
Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
|
3700000 | USD | |
| CY2017Q3 | us-gaap |
Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
|
1900000 | USD |
| CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
2600 | USD |
| CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
|
480500 | USD |
| CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities Current
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesCurrent
|
1084000 | USD |
| CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
|
460000 | USD |
| CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
1000000 | USD |
| CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
|
768400 | USD |
| CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
|
46800 | USD |
| CY2017Q1 | us-gaap |
Business Combination Separately Recognized Transactions Assets Recognized
BusinessCombinationSeparatelyRecognizedTransactionsAssetsRecognized
|
840000 | USD |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
19767889 | USD |
| CY2016Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20998402 | USD |
| CY2017Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
25882554 | USD |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1230513 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
10060059 | USD | |
| CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2017Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2017Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
120000000 | shares |
| CY2017Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
120000000 | shares |
| CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
79648618 | shares |
| CY2017Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
79669818 | shares |
| CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
64538686 | shares |
| CY2017Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
72187688 | shares |
| CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
766409 | USD |
| CY2017Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
767009 | USD |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-6556025 | USD |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-15225669 | USD | |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-8606079 | USD |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-22741556 | USD | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
19656 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
482520 | USD | |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-63306 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-79660 | USD | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-6575681 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-15708189 | USD | |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-8542773 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-22661896 | USD | |
| CY2016Q3 | us-gaap |
Contracts Revenue
ContractsRevenue
|
272222 | USD |
| us-gaap |
Contracts Revenue
ContractsRevenue
|
671972 | USD | |
| CY2017Q3 | us-gaap |
Contracts Revenue
ContractsRevenue
|
549765 | USD |
| us-gaap |
Contracts Revenue
ContractsRevenue
|
1942819 | USD | |
| CY2016Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
4573581 | USD |
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
13856469 | USD | |
| CY2017Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
4144884 | USD |
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
11379467 | USD | |
| CY2016Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
12677454 | USD |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
30462284 | USD | |
| CY2017Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
14743743 | USD |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
41780363 | USD | |
| CY2016Q4 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
|
34707 | USD |
| CY2017Q3 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
|
124068 | USD |
| CY2016Q3 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
100000 | USD |
| CY2017Q3 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
100000 | USD |
| CY2016Q3 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
14000 | USD |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1170017 | USD | |
| CY2017Q3 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
1000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
|
2571000 | USD |
| CY2017Q3 | us-gaap |
Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
|
2606312 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
949854 | USD | |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1878363 | USD | |
| CY2016Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.13 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.29 | ||
| CY2017Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.11 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.34 | ||
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
574850 | USD | |
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-72436 | USD | |
| us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
|
0.165 | ||
| CY2016Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1443976 | USD |
| CY2017Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2755150 | USD |
| CY2016Q4 | us-gaap |
Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
|
77529350 | USD |
| CY2017Q3 | us-gaap |
Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
|
77976481 | USD |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-1715901 | USD | |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-400542 | USD | |
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
366000 | USD | |
| CY2016Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-1124526 | USD |
| us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-1581962 | USD | |
| CY2017Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
224370 | USD |
| us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-410373 | USD | |
| us-gaap |
Foreign Earnings Repatriated
ForeignEarningsRepatriated
|
1200000 | USD | |
| CY2016Q3 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
0 | USD |
| us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
0 | USD | |
| CY2017Q3 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
0 | USD |
| us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
274000 | USD | |
| us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
7700522 | USD | |
| us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
0 | USD | |
| CY2016Q3 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD |
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
7700522 | USD | |
| CY2017Q3 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD |
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD | |
| CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
844023 | USD |
| CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
2376577 | USD |
| us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
43904 | USD | |
| us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
1488650 | USD | |
| CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-8073086 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-15658600 | USD | |
| CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-8298139 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-24644557 | USD | |
| CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
114000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2218000 | USD | |
| CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4500 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1141500 | USD | |
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1271171 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1743215 | USD | |
| us-gaap |
Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
|
-8106819 | USD | |
| us-gaap |
Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
|
0 | USD | |
| us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
-132740 | USD | |
| us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
-253480 | USD | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1231705 | USD | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2519197 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-213028 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-13345 | USD | |
| CY2016Q4 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
0 | USD |
| CY2017Q3 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
1356546 | USD |
| CY2016Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
129459 | USD |
| CY2017Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
878690 | USD |
| CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
3302112 | USD |
| CY2017Q3 | us-gaap |
Inventory Net
InventoryNet
|
5949010 | USD |
| CY2016Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1986491 | USD |
| CY2017Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
2517803 | USD |
| CY2016Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1186162 | USD |
| CY2017Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2552517 | USD |
| CY2016Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
191472 | USD |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
532185 | USD | |
| CY2017Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
191613 | USD |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
611532 | USD | |
| CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
87832272 | USD |
| CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
95052700 | USD |
| CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
13365707 | USD |
| CY2017Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
16157538 | USD |
| CY2016Q3 | us-gaap |
Loans Receivable Net
LoansReceivableNet
|
6200000 | USD |
| CY2017Q3 | us-gaap |
Loans Receivable Net
LoansReceivableNet
|
6000000 | USD |
| CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
141957 | USD |
| CY2017Q3 | us-gaap |
Minority Interest
MinorityInterest
|
62297 | USD |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-9153 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
24664250 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
20701507 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
5309047 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-20036691 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-19840802 | USD | |
| CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8117304 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-18244240 | USD | |
| CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8247422 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-23437834 | USD | |
| CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-69782 | USD |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
367640 | USD | |
| CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-55217 | USD |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-65223 | USD | |
| us-gaap |
Noncash Or Part Noncash Acquisition Interest Acquired1
NoncashOrPartNoncashAcquisitionInterestAcquired1
|
0.15 | ||
| CY2016Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
2937000 | USD |
| CY2017Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
3661000 | USD |
| CY2016Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1190438 | USD |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1465535 | USD | |
| CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
306437 | USD |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
691042 | USD | |
| CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6882648 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-14193065 | USD | |
| CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8604576 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-25335599 | USD | |
| CY2017Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
153000000 | USD |
| CY2016Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2560144 | USD |
| CY2017Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
4792347 | USD |
| CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
618139 | USD |
| CY2017Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
968083 | USD |
| us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
16000 | USD | |
| us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
83000 | USD | |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
1718596 | USD |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
2362552 | USD | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-272618 | USD |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
658443 | USD | |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1631061 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2650931 | USD | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-303440 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
761501 | USD | |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
14092 | USD |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
48284 | USD | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
1238 | USD |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
5138 | USD | |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-73443 | USD |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
336663 | USD | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-29584 | USD |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
108196 | USD | |
| CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-257384 | USD |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-415758 | USD | |
| CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-109546 | USD |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
215883 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
7801 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
79916 | USD | |
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
9153 | USD | |
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | USD | |
| us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
45905075 | USD | |
| us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
22974668 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
329414 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1341744 | USD | |
| CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2017Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
3000 | shares |
| CY2017Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
3000 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2017Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2017Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2016Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
853757 | USD |
| CY2017Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1089948 | USD |
| CY2016Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
341144 | USD |
| CY2017Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
166461 | USD |
| us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
15000000 | USD | |
| us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
15000000 | USD | |
| us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
0 | USD | |
| us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
43836978 | USD | |
| us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
33395422 | USD | |
| us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
0 | USD | |
| us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
24664250 | USD | |
| us-gaap |
Revenues
Revenues
|
16444764 | USD | |
| CY2016Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
5522584 | USD |
| us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
15597247 | USD | |
| CY2016Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
518000 | USD |
| CY2017Q3 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
585000 | USD |
| us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
0 | USD | |
| us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
68003 | USD | |
| CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-8187086 | USD |
| us-gaap |
Profit Loss
ProfitLoss
|
-17876600 | USD | |
| CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-8302639 | USD |
| us-gaap |
Profit Loss
ProfitLoss
|
-23503057 | USD | |
| CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2976006 | USD |
| CY2017Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3660925 | USD |
| CY2017Q3 | us-gaap |
Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
|
48320 | USD |
| us-gaap |
Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
|
109952 | USD | |
| CY2017Q3 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
207694 | USD |
| us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
390619 | USD | |
| CY2016Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4123268 | USD |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12282620 | USD | |
| CY2017Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5253860 | USD |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
14213950 | USD | |
| CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-214042787 | USD |
| CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-238319253 | USD |
| CY2016Q3 | us-gaap |
Revenues
Revenues
|
5794806 | USD |
| us-gaap |
Revenues
Revenues
|
16269219 | USD | |
| CY2017Q3 | us-gaap |
Revenues
Revenues
|
6139167 | USD |
| CY2017Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
5589402 | USD |
| us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
14501945 | USD | |
| CY2016Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3980605 | USD |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
12023717 | USD | |
| CY2017Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5344999 | USD |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
16186946 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1479481 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2990157 | USD | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
|
1600000 | USD | |
| CY2016Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
518000 | USD |
| CY2017Q3 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
585000 | USD |
| us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
24664250 | USD | |
| CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
74077686 | USD |
| CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
78564797 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
74219643 | USD |
| CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
78627094 | USD |
| CY2016Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
935364 | USD |
| CY2017Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
724688 | USD |
| us-gaap |
Unusual Or Infrequent Item Loss Gross
UnusualOrInfrequentItemLossGross
|
420000 | USD | |
| CY2016Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
12102258 | shares |
| CY2017Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
4513256 | shares |
| CY2016Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
42741551 | USD |
| CY2017Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
17238669 | USD |
| us-gaap |
Unusual Or Infrequent Item Gain Gross
UnusualOrInfrequentItemGainGross
|
1589000 | USD | |
| CY2016Q3 | us-gaap |
Unusual Or Infrequent Item Loss Gross
UnusualOrInfrequentItemLossGross
|
200000 | USD |
| CY2016Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
64047852 | shares |
| CY2017Q3 | us-gaap |
Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
|
-1000000 | USD |
| us-gaap |
Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
|
-1000000 | USD | |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
64012490 | shares | |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
72187688 | shares |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
69117640 | shares | |
| us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated financial statements of Kopin Corporation (the Company) as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and for the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> month periods ended </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">September 24, 2016</font><font style="font-family:inherit;font-size:10pt;"> are unaudited and include all adjustments which, in the opinion of management, are necessary to present fairly the results of operations for the periods then ended. These condensed consolidated financial statements should be read in conjunction with the Company’s financial statements and notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">. The results of the Company's operations for any interim period are not necessarily indicative of the results of the Company's operations for any other interim period or for a full fiscal year.</font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recently Issued Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">May 2014</font><font style="font-family:inherit;font-size:10pt;">, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">2014-09, Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:inherit;font-size:10pt;">. This new standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. In March 2016, the FASB issued ASU </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)</font><font style="font-family:inherit;font-size:10pt;">, which is an amendment on assessing whether an entity is a principal or an agent in a revenue transaction. This amendment addresses issues to clarify the principal versus agent assessment and lead to more consistent application. In April 2016, the FASB issued ASU </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing</font><font style="font-family:inherit;font-size:10pt;">, which contains amendments to the new revenue recognition standard on identifying performance obligations and accounting for licenses of intellectual property. The amendments related to identifying performance obligations clarify when a promised good or service is separately identifiable and allows entities to disregard items that are immaterial in the context of a contract. The licensing implementation amendments clarify how an entity should evaluate the nature of its promise in granting a license of intellectual property, which will determine whether revenue is recognized over time or at a point in time. In May 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients,</font><font style="font-family:inherit;font-size:10pt;"> which provides clarity and implementation guidance on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition. The new standards have the same effective date and transition requirements as ASU 2014-09. The new standard also requires entities to enhance disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company continues to evaluate the potential impact of ASC 606 on its consolidated financial statements and related disclosures. As part of the Company's assessment work to date, the Company with assistance from an external consulting firm is continuing to review and finalize its conclusions relative to is contracts with customers. For the remainder of 2017, the Company plans to finalize its evaluation and implement any required policy, process, and internal control changes required as a result of that evaluation. While the Company continues to assess all potential impacts of the new standard on its consolidated financial statements, the adoption of ASC 606 may accelerate the timing of revenue recognition for certain research and development contracts and the sale of products to military programs whereby revenue will be recognized as the product is produced (as opposed to at a point in time when the product is shipped to the customer) as the Company has an enforceable right to payment for performance completed to date and the inventory has no alternative use. Upon the adoption of ASC 606 using the modified retrospective method on December 31, 2017, the Company expects to record an adjustment to accumulated deficit for the amount that would have been recognized in 2017 under the new guidance and would not have been recognized until shipment of the product in 2018 under the current guidance. The new standard will also require an enhanced level of disclosures in the Company’s quarterly and annual consolidated financial statements.</font></div><div style="line-height:174%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">February 2016</font><font style="font-family:inherit;font-size:10pt;">, the FASB issued Accounting Standards Update No. 2016-02 (Topic 842) </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">. Topic 842 supersedes the lease recognition requirements in Accounting Standards Codification Topic 840, "Leases". Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases and provide enhanced disclosures. Leases will continue to be classified as either finance or operating. Topic 842 is effective for annual reporting periods, and interim periods within those years beginning after </font><font style="font-family:inherit;font-size:10pt;">December 15, 2018</font><font style="font-family:inherit;font-size:10pt;">. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements, and there are certain optional practical expedients that an entity may elect to apply. Full retrospective application is prohibited and early adoption by public entities is permitted. The Company expects to complete its assessment in 2018 and is required to adopt ASU 2016-02 as of January 1, 2019 using the modified retrospective method. The Company expects the potential impact of adopting ASU 2016-02 to be material to our lease liabilities and assets on its consolidated balance sheets.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">January 2017</font><font style="font-family:inherit;font-size:10pt;">, the FASB issued ASU </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">2017-01</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations (Topic 805).</font><font style="font-family:inherit;font-size:10pt;"> The new guidance clarifies the definition of a business that an entity uses to determine whether a transaction should be accounted for as an asset acquisition (or disposal) or a business combination. The guidance is expected to cause fewer acquired sets of assets (and liabilities) to be identified as businesses. The guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after </font><font style="font-family:inherit;font-size:10pt;">December 15, 2017</font><font style="font-family:inherit;font-size:10pt;">. Early adoption is permitted for transactions that meet certain requirements. The Company is evaluating the impact this standard will have on its financial statements.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles- Goodwill and Other</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">January 2017</font><font style="font-family:inherit;font-size:10pt;">, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-04, Intangibles- Goodwill and Other (Topic 350). </font><font style="font-family:inherit;font-size:10pt;">The new guidance simplifies the accounting for goodwill impairments by eliminating Step 2 from the goodwill impairment test. The guidance requires, among other things, recognition of an impairment loss when the carrying amount of a reporting unit exceeds its fair value. The loss recognized is limited to the total amount of goodwill allocated to that reporting unit. The guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after </font><font style="font-family:inherit;font-size:10pt;">December 15, 2019</font><font style="font-family:inherit;font-size:10pt;">. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after </font><font style="font-family:inherit;font-size:10pt;">January 1, 2017</font><font style="font-family:inherit;font-size:10pt;">. The Company is evaluating the impact this standard will have on its financial statements.</font></div></div> |
