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Note 3 - Goodwill

9 Months Ended

Sep. 29, 2012

3. Goodwill

Goodwill is reported as a component of the Company’s retail segment. The following table summarizes the changes in goodwill for the thirty-nine weeks ended September 29, 2012 (in thousands):

Balance as of December 31, 2011	$	32,306
Effect of foreign currency translation		1,570
Balance as of September 29, 2012	$	33,876

Goodwill is not subject to amortization and is tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. This testing requires comparison of carrying values to fair values, and when appropriate, the carrying value of impaired assets is reduced to fair value. Goodwill will be tested for impairment no later than December 29, 2012.