Note 5 - Intangible Assets

3 Months Ended

Mar. 31, 2012

Intangible Assets Disclosure [Text Block]

5. Intangible Assets

Intangible assets consist of the following (in thousands):

	March 31, 2012			December 31, 2011
Trademarks	$	12,634		$	12,569
Less accumulated amortization		(1,087	)		(1,087	)
Total intangible assets	$	11,547		$	11,482

The change in the carrying amount of intangible assets during the three months ended March 31, 2012 was as follows (in thousands):

	Three Months Ended March 31, 2012
Beginning Balance	$	11,482
Foreign currency translation effects		65
Ending Balance	$	11,547

The Company performed the annual reassessment and impairment test as of October 1, 2011 of its Palladium intangible assets related to trademarks and determined there was no impairment of its intangible assets.  See the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011.  The Company does not believe that a triggering event has occurred through March 31, 2012 to require an updated impairment test.