Note 8 - Intangible Assets

12 Months Ended

Dec. 31, 2016

Intangible Assets Disclosure [Text Block]

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. During all periods presented, the Company determined that no impairment of intangible assets exists.

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

December

31,

2016:

	Engineering			Information Technology			Total
Balance as of January 3, 2015	$	189		$	5		$	194

Intangibles acquired, SDS acquisition		140			-			140

Amortization of intangibles during the fifty-two week period ended January 2, 2016		(77	)		(5	)		(82	)

Balance as of January 2, 2016	$	252		$	-		$	252

Amortization of intangibles during the fifty-two week period ended December 31, 2016		(81	)		-			(81	)

Balance as of December 31, 2016	$	171		$	-		$	171

The Company periodically writes off fully amortized intangible assets. The Company did

not

write off any fully depreciated intangible assets in fiscal

2016

and the Company wrote off

$291

in fully amortized intangibles for the year ended

January

2016.

Schedule of Intangible Assets by class at

December

31,

2016

and

January

2016:

	December 31, 2016		January 2, 2016
Restricted covenants	$	27	$	53

Customer relationships		144		199

Total intangible assets	$	171	$	252

Expected Future Amortization Expense:

Fiscal Year	Total
2017	$	66
2018		50
2019		25
2020		17
2021		13

Total	$	171