Note 5 - Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 5.  GOODWILL AND INTANGIBLE ASSETS

The following table summarizes information related to net carrying value of intangible assets (in thousands):

	Amortization Life (in years)		September 30, 2012		December 31, 2011
Goodwill		n/a	$	672	$	672
Definite-lived intangible assets:
Tradenames		10		363		400
Customer relationships		5		350		627
Total definite-lived intangible assets				713		1,027
Total intangible assets, net			$	1,385	$	1,699

Amortization expense for intangible assets subject to amortization was $104 thousand and $162 thousand for the three months ended September 30, 2012 and 2011, respectively.  Amortization expense for the nine months ended September 30, 2012 and 2011 was $314 thousand and $487 thousand, respectively.  The Company amortizes Tradenames on a straight-line basis over the estimated useful lives of the intangible assets.  Customer relationships are amortized over their expected useful lives on an accelerated method that approximates the cash flows associated with those relationships.  Based on the carrying value of amortized intangible assets, the Company estimates amortization expense for future years to be as follows (in thousands):

Year ending December 31,	Amount
2012 October through December	$	105
2013		253
2014		105
2015		50
2016		50
2017 and thereafter		150
Total amortization expense	$	713

As of September 30, 2012, the Company had $672 thousand of goodwill on its financial statements related to the acquisition of SRC.