Note 8 - Intangible Assets

3 Months Ended

Mar. 30, 2013

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 Company’s intangible assets consist of customer relationships and non-compete agreements.

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

	Information Technology		Engineering		Total
Balance as of December 29, 2012	$	106	$	226	$	332
Amortization of intangibles during the thirteen week period ended March 30, 2013		26		12		38
Balance as of March 30, 2013	$	80	$	214	$	294

The Company periodically writes off fully amortized intangible assets.  The Company did not write off any fully amortized intangibles for the thirteen week period ended March 30, 2013 and wrote off fully amortized intangibles of $171 for the thirteen week period ended March 31, 2012.