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Note 8 - Intangible Assets

12 Months Ended

Jan. 03, 2015

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

8. INTANGIBLE ASSETS

The Company evaluates long-lived assets and intangible assets with definite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. When the Company determines that it is probable that undiscounted future cash flows will not be sufficient to recover an asset’s carrying amount, the asset is written down to its fair value. Assets to be disposed of by sale, if any, are reported at the lower of the carrying amount or fair value less cost to sell. The Company’s intangible assets consist of customer relationships and non-compete agreements.

The following table reflects the components of net intangible assets, excluding goodwill, as of January 3, 2015:

		Engineering				Information Technology				Total
Balance as of December 28, 2013		$	179			$	37			$	216

Amortization of intangibles during the fifty-three week period ended January 3, 2015			58				32				90

Intangibles acquired, PCI acquisition			68				-				68

Balance as of January 3, 2015		$	189			$	5			$	194

The Company periodically writes off fully amortized intangible assets. The Company did not write off any fully amortized intangibles for the fiscal years ended January 3, 2015 and December 28, 2013.

Schedule of Intangible Assets by class at January 3, 2015:

		Engineering				Information Technology				Total
Restricted covenants		$	44			$	-			$	44

Customer relationships			145				5				150

Balance as of January 3, 2015		$	189			$	5			$	194

Expected Future Amortization Expense:

Fiscal Year		Engineering				Information Technology				Total
2015		$	70			$	5			$	75
2016			56				-				56
2017			41				-				41
2018			22				-				22

Total		$	189			$	5			$	194