Note 5 - Intangible Assets

9 Months Ended

Sep. 30, 2012

Intangible Assets Disclosure [Text Block]

5.             Intangible Assets

Intangible assets consist of the following (in thousands):

	September 30, 2012			December 31, 2011
Trademarks	$	12,587		$	12,569
Less accumulated amortization		(1,087	)		(1,087	)
Total intangible assets	$	11,500		$	11,482

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

	Nine Months Ended September 30, 2012			Three Months Ended September 30, 2012
Beginning Balance	$	11,482		$	11,433
Trademarks acquired		35			35
Foreign currency translation effects		(17	)		32
Ending Balance	$	11,500		$	11,500

During the nine and three months ended September 30, 2012, the Company purchased a foreign country trademark right which it did not own for the Palladium brand.  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 September 30, 2012 to require an updated impairment test.