Note 8 - Intangible Assets

6 Months Ended

Jul. 01, 2017

Notes to Financial Statements

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. During all periods presented, the Company determined that

no

impairment of intangible assets exists.

The following table reflects the activity for net intangible assets, excluding goodwill which is substantially attributable to the Company’s Engineering segment, for the periods presented:

	Twenty-Six Weeks Ended
	July 1, 2017		July 2, 2016
Beginning balance	$	171	$	252
Amortization of intangibles during the twenty-six week period presented		34		46
Ending balance	$	137	$	206