Note H – Intangibles

Patents are recorded at cost and are amortized using the straight-line method over the lives of the patents. Technology and licenses are recorded at cost and are generally amortized on a straight-line basis over periods ranging from 5 to 17 years. Prior to 2013, non-compete agreements and customer relationships were being amortized using the straight-line method over a period of 5 years, all of which were fully amortized in 2012. Trademarks are not amortized as their lives are deemed to be indefinite.

The gross carrying amount and accumulated amortization of amortizable intangible assets:

	Industrial Hardware Segment		Security Products Segment		Metal Products Segment		Total		Weighted-Average Amortization Period (Years)
2013 Patents and developed technology
Gross Amount:	$	2,721,179	$	1,037,020	$	5,839	$	3,764,038	15.7
Accumulated Amortization:		1,656,781		464,726		5,753		2,127,260
Net March 30, 2013 per Balance Sheet	$	1,064,398	$	572,294	$	86	$	1,636,778

2012 Patents and developed technology
Gross Amount:	$	2,732,307	$	1,021,409	$	5,839	$	3,759,555	15.8
Accumulated Amortization:		1,652,199		447,732		5,667		2,105,598
Net December 29, 2012 per Balance Sheet	$	1,080,108	$	573,677	$	172	$	1,653,957