Note 5 - Property and Equipment

6 Months Ended

Jul. 02, 2016

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 2, 2016		January 2, 2016
Equipment and furniture	$	1,042	$	2,358
Computers and systems		5,790		6,119
Leasehold improvements		786		752
		7,618		9,229

Less: accumulated depreciation and amortization		3,007		4,531

Property and equipment, net	$	4,611	$	4,698

The Company periodically writes off fully depreciated and amortized assets. The Company wrote off fully depreciated and amortized assets of $2,268 and $3,441 during the twenty-six week periods ended July 2, 2016 and July 4, 2015, respectively. Depreciation expense for the twenty-six week periods ended July 2, 2016 and July 4, 2015 was $744 and $611, respectively.