Note 8 - Intangible Assets

9 Months Ended

Oct. 01, 2011

Intangible Assets Disclosure [Text Block]

8. Intangible Assets

The Company evaluates long-lived assets and intangible assets with definite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  When the Company determines that it is probable that undiscounted future cash flows will not be sufficient to recover an asset’s carrying amount, the asset is written down to its fair value.  Assets to be disposed of by sale, if any, are reported at the lower of the carrying amount or fair value less cost to sell.

The following table reflects the components of intangible assets, excluding goodwill:

	Information Technology		Engineering		Total
Balance as of January 1, 2011		$315		$10		$325
Amortization of intangibles during the thirty-nine week period ended October 1, 2011		78		10		88
Balance as of October 1, 2011		$237		$-		$237