Note 5 - Intangible Assets

6 Months Ended

Jun. 30, 2012

Intangible Assets Disclosure [Text Block]

5.   Intangible Assets

Intangible assets consist of the following (in thousands):

	June 30, 2012			December 31, 2011
Trademarks	$	12,520		$	12,569
Less accumulated amortization		(1,087	)		(1,087	)
Total intangible assets	$	11,433		$	11,482

The change in the carrying amount of intangible assets during the six and three months ended June 30, 2012 was as follows (in thousands):

	Six Months Ended June 30, 2012			Three Months Ended June 30, 2012
Beginning Balance	$	11,482		$	11,547
Foreign currency translation effects		(49	)		(114	)
Ending Balance	$	11,433		$	11,433

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 June 30, 2012 to require an updated impairment test.