XML 66 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 1 - Summary of Significant Accounting Policies: Goodwill (Policies)
12 Months Ended
Jul. 26, 2014
Policies  
Goodwill

 

Goodwill

 

Goodwill is tested at the end of each fiscal year, or more frequently if circumstances dictate, for impairment. An impairment loss is recognized to the extent that the carrying amount of goodwill exceeds its implied fair value. Village operates as a single reporting unit for purposes of evaluating goodwill for impairment and primarily considers earnings multiples and other valuation techniques to measure fair value, in addition to the value of the Company’s stock.