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Investment In Partnerships

6 Months Ended

Jun. 30, 2011


15.	Investment in Partnerships

	The Company owns a 9% partnership interest in the Hearing Instrument Manufacturers Patent Partnership (HIMPP), and is a party to a license agreement that grants the Company access to over 45 US registered patents. The Company recorded a decrease of $37 and an increase of $6 in the carrying amount of the investment, reflecting amortization of the patents, other intangibles and the Company's portion of the partnership's operating results for the three and six months ended June 30, 2011, respectively. The Company recorded an $80 and $117 decrease in the carrying amount of the investment, reflecting amortization of the patents, other intangibles and the Company's portion of the partnership's operating results for the three and six months ended June 30, 2010, respectively.

	The Company owns a 50% interest in a joint venture with a Swiss company to market, design, manufacture, and sell audio coils to the hearing health industry. The Company has recorded a $157 and $323 increase in the carrying amount of the investment, reflecting the Company's portion of the joint venture's operating results for the three and six months ended June 30, 2011, respectively. The Company has recorded an $80 and $105 increase in the carrying amount of the investment, reflecting the Company's portion of the joint venture's operating results for the three and six months ended June 30, 2010, respectively.

	Condensed unaudited financial information of the joint venture was as follows:


	June 30, 2011		December 31, 2010
Balance Sheet:
Current assets	$	1,676	$	1,424
Non-current assets		210		202
Total assets	$	1,886	$	1,626

Current liabilities		675		1,061
Stockholders' equity		1,211		565
Total liabilities and stockholders' equity	$	1,886	$	1,626


	Three Months Ended				Six Months Ended
	June 30, 2011		June 30, 2010		June 30, 2011		June 30, 2010
Income Statement:
Net revenues	$	1,428	$	761	$	2,920	$	1,524

Net income	$	314	$	160	$	646	$	210

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

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