INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2012

Intangible Assets Disclosure [Text Block]

NOTE 9: INTANGIBLE ASSETS

Intangible assets, at cost, at June 30, 2012 and 2011 were as follows:

							Estimated Useful Life (Years)
	June 30, 2012			June 30, 2011			Minimum	Maximum
Patents and trademarks	$	6,934		$	6,774		5	17
Customer relationships and technology		2,163			2,163		3	7
Covenant not-to-compete		851			851				4
		9,948			9,788
Accumulated amortization		(4,750	)		(3,946	)
Total	$	5,198		$	5,842

Amortization expense related to intangible assets for the fiscal years ended June 30, 2012, 2011 and 2010 was $857, $1,070 and $793, respectively. Amortization expense is estimated to be approximately $901 in fiscal 2013 and approximately $806, $795, $716, and $487 annually in fiscal 2014-2017, respectively. Amortization expense related to patents and trademarks is included in cost of goods sold in the consolidated statements of operations. Amortization expense related to customer relationships, technology and covenant not-to-compete is included in selling, general and administrative expense in the consolidated statements of operations. A non-compete agreement went into effect with the retirement of the chief technology officer of the Company in February 2009. This agreement requires payments totaling $878 over four years, including imputed interest of $27.