Note 13 - Form Athletics

3 Months Ended

Mar. 31, 2012

Discontinued Operations And Contingent Purchase Price Disclosure Text Box

13. Form Athletics

During the second quarter of 2011, after a review of sales, backlog, cash flows and marketing strategy, the Company determined that its investment in the Form Athletics goodwill and trademark was impaired and recognized impairment losses of $3,689,000 and reversed the Form CPP liability of $2,110,000, which is included in the loss from discontinued operations as interest income.  The change in the Form CPP for the three months ended March 31, 2011 is as follows (in thousands):

	Three Months Ended March 31,
	2011
Beginning balance	$	2,110
Change in net present value of the Form CPP		0
Ending balance	$	2,110