Note 8 - Intangible Assets

9 Months Ended

Oct. 01, 2016

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. During all periods presented, the Company determined that no impairment of intangible assets exists.

The following table reflects the activity for net intangible assets, excluding goodwill which is substantially attributable to the Company’s Engineering segment for the periods presented:

	Thirty-Nine Weeks Ended October 1, 2016			Thirty-Nine Weeks Ended October 3, 2015
Beginning balance	$	252		$	194

Amortization of intangibles during the thirty-nine week period ended October 1, 2016		(63	)		(58	)

Intangibles acquired, SDS acquisition		-			140

Ending balance	$	189		$	276