Note 13 - Form Athletics

9 Months Ended

Sep. 30, 2012

Discontinued Operations And Contingent Purchase Price Disclosure [Text Block]

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 nine months ended September 30, 2011 is as follows (in thousands):

	Nine Months Ended September 30,
	2011
Beginning balance	$	2,110
Change in net present value of the Form CPP		(2,110	)
Ending balance	$	0

The operations for Form Athletics for the nine and three months ended September 30, 2011 were as follows (in thousands):

	Nine Months Ended September 30, 2011			Three Months Ended September 30, 2011
Revenues	$	555		$	131
Cost of goods sold		905			558
Gross loss		(350	)		(427	)
Selling, general and administrative expenses		3,709			1,359
Impairment on intangibles and goodwill		3,689			0
Operating loss		(7,748	)		(1,786	)
Interest income, net		2,110			0
Net loss from discontinued operations	$	(5,638	)	$	(1,786	)