Note 5 - Property and Equipment

6 Months Ended

Jul. 04, 2015

Property, Plant and Equipment Disclosure [Text Block]

5.	Property and Equipment

Property and equipment are stated at cost and are depreciated on the straight-line method at rates calculated to provide for retirement of assets at the end of their estimated useful lives. The annual rates are 20% for computer hardware and software as well as furniture and office equipment. Leasehold improvements are amortized over the shorter of the estimated life of the asset or the lease term.

Property and equipment are comprised of the following:

	July 4, 2015		January 3, 2015
Equipment and furniture	$	2,250	$	2,585
Computers and systems		4,548		6,553
Leasehold improvements		674		781
		7,472		9,919

Less: accumulated depreciation and amortization		3,790		6,622

Property and equipment, net	$	3,682	$	3,297

The Company periodically writes off fully depreciated and amortized assets. The Company wrote off fully depreciated and amortized assets of $3,441 and $916 for the twenty-six week periods ended July 4, 2015 and June 28, 2014, respectively.