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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Apr. 28, 2012
GOODWILL AND INTANGIBLE ASSETS [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | Intangible Assets and Goodwill As of April 28, 2012, we had goodwill of $11,146 for one business in the Interconnect segment and goodwill of $5,276 for two businesses in the Power Products segment, for a total of $16,422. The fair values of reporting units exceeded their carrying values by approximately 50% to 200%. The assumptions used in the valuation of these reporting units were made using management's best projections. We continue to monitor the operating results and cash flows of our reporting units on a quarterly basis for signs of possible declines in estimated fair value and goodwill impairment. The fair value of our trademarks are estimated and compared to the carrying value. We estimate the fair value of the intangible assets using the relief-from-royalty method, which requires assumptions related to a projected revenues from our annual operating budgets; assumed royalty rates that could be payable if we did not own the trademarks; and a discount rate. An impairment loss would be recognized if the estimated fair value of the indefinite-lived intangible asset is less than its carrying value. Based on our results of our impairment test performed on one business in the Interconnect segment as of April 28, 2012, no impairment was determined to exist. The fair values of the trademarks tested exceeded their carrying value by approximately 100%. Goodwill increased $4,326 in fiscal 2011 related to the purchase a controlling interest in Eetrex. See Note 3 for more information. Goodwill increased $325 in fiscal 2010 related to a final payout for the 2005 acquisition of Cableco Technologies Corporation. We had originally issued 623,526 shares of restricted common stock in connection with the contingent payments related to this transaction. The contingent payments were to be earned if certain operational and financial milestones were met, depending on certain factors. In fiscal 2010, the sellers earned 27,567 of the restricted shares. Since acquisition, including the 27,567 shares earned in fiscal 2010, the sellers earned a total of 383,831 of the restricted shares. The remaining 239,695 restricted shares were canceled in fiscal 2010. The following table shows the roll-forward of goodwill in the financial statements resulting from our acquisition activities for fiscal 2011 and 2010. There was no goodwill activity during fiscal 2012.
| Interconnect |  | Power Products |  | Total
Balance as of May 2, 2009 | $ | 11,146 |  |  | $ | 625 |  |  | $ | 11,771 |
Adjustments due to earn-out | — |  |  | 325 |  |  | 325 |
Balance as of May 1, 2010 | $ | 11,146 |  |  | $ | 950 |  |  | $ | 12,096 |
Attibutable to 2011 acquisitions | — |  |  | 4,326 |  |  | 4,326 |
Balance as of April 30, 2011 | $ | 11,146 |  |  | $ | 5,276 |  |  | $ | 16,422 |
No activity | — |  |  | — |  |  | — |
Balance as of April 28, 2012 | $ | 11,146 |  |  | $ | 5,276 |  |  | $ | 16,422 |
Intangible Assets The following tables present details of our remaining identifiable intangible assets:
| As of April 28, 2012
| Gross |  | Accumulated Amortization |  | Net |  | Wtd. Avg. Remaining Amortization Periods (Years)
Customer relationships and agreements | $ | 14,995 |  |  | $ | 13,720 |  |  | $ | 1,275 |  |  | 11.7 |
Trade names, patents and technology licenses | 25,774 |  |  | 10,429 |  |  | 15,345 |  |  | 11.8 |
Covenants not to compete | 480 |  |  | 480 |  |  | — |  |  | — |
Total | $ | 41,249 |  |  | $ | 24,629 |  |  | $ | 16,620 |  |  |  |
| As of April 30, 2011
| Gross |  | Accumulated Amortization |  | Net |  | Wtd. Avg. Remaining Amortization Periods (Years)
Customer relationships and agreements | $ | 14,995 |  |  | $ | 13,417 |  |  | $ | 1,578 |  |  | 12.7 |
Trade names, patents and technology licenses | 25,774 |  |  | 8,978 |  |  | 16,796 |  |  | 12.4 |
Covenants not to compete | 480 |  |  | 431 |  |  | 49 |  |  | 0.8 |
Total | $ | 41,249 |  |  | $ | 22,826 |  |  | $ | 18,423 |  |  |  |
The estimated aggregate amortization expense for each of the five succeeding fiscal years is as follows:
2013 | $1,525
2014 | 1,481 |
2015 | 1,469 |
2016 | 1,317 |
2017 | 1,302 |
As of April 28, 2012, the trade names, patents and technology licenses include $1,800 of trade names that are not subject to amortization.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16373-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13854-109267 + Details
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