NOTE 4 - NOTES RECEIVABLE

3 Months Ended

Mar. 29, 2014

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 4 – NOTES RECEIVABLE

The components of short term and long term notes receivable as of March 29, 2014 and December 28, 2013, are as follows (dollars in thousands):

	March 29, 2014			December 28, 2013
Aspen	$	514		$	514
SLE		894			894
Steele		3,287			3,243
Furmanite		4,543			5,029
Reserve		(3,801	)		(3,757	)
Total notes receivable		5,437			5,923
Less current portion (net of reserve)		(2,774	)		(1,241	)
Notes receivable non-current	$	2,663		$	4,682

The Aspen note bears interest at 6% per annum, payable in three installments based upon certain events.  The Company has reserved the full amount of the Aspen note due to collectability being in doubt.  The Steele note is a four year note, bearing interest at 8% per annum, payable in annual installments beginning November 1, 2013 and maturing November 1, 2016.  The Company has reserved the full amount of the Steele note due to collectability being in doubt.  The Furmanite notes are four year notes, bearing interest at 5% and 4% per annum, payable in annual installments beginning January 4, 2014 and maturing September 1, 2017.  The SLE judgment is still being held by the court pending the outcome of continuing litigation (see “Note 16 – Commitments and Contingencies” of our Annual Report on Form 10-K for 2013).