Note 6 - Goodwill, Intangible Assets and Long Term Assets

9 Months Ended

Sep. 25, 2016

Goodwill and Intangible Assets Disclosure [Text Block]

6.	GOODWILL, INTANGIBLE ASSETS AND LONG TERM ASSETS

a. Goodwill

The following table summarizes the goodwill activity by segment for the nine-month periods ended September 25, 2016 and September 27, 2015:

	Battery & Energy			Communi- cations
	Products			Systems		Total

Balance - December 31, 2014	$	4,914		$	11,493	$	16,407
Effect of Foreign Currency Translation		(80	)		-		(80	)
Balance – September 27, 2015		4,834			11,493		16,327
Effect of Foreign Currency Translation		(44	)		-		(44	)
Balance - December 31, 2015		4,790			11,493		16,283
Acquisition of Accutronics		4,446			-		4,446
Effect of Foreign Currency Translation		(466	)		-		(466	)
Balance – September 25, 2016	$	8,770		$	11,493	$	20,263

b. Intangible Assets

The composition of intangible assets was:

	at September 25 , 2016
			Accumulated
	Cost		Amortization		Net

Trademarks	$	3,413	$	-	$	3,413
Patents and Technology		5,504		4,373		1,131
Customer Relationships		6,516		3,940		2,576
Distributor Relationships		377		365		12
Trade Name		377		28		349
Total Intangible Assets	$	16,187	$	8,706	$	7,481

	at December 31, 2015
			Accumulated
	Cost		Amortization		Net

Trademarks	$	3,411	$	-	$	3,411
Patents and Technology		4,482		4,217		265
Customer Relationships		3,971		3,716		255
Distributor Relationships		370		355		15
Total Intangible Assets	$	12,234	$	8,288	$	3,946

Amortization expense for intangible assets was as follows:

	Three-Month Periods E nded				Nine-Month Periods E nded
	Sept. 2 5 ,		Sept. 27 ,		Sept. 2 5 ,		Sept. 27 ,
	2016		2015		2016		2015
Amortization Included In:
Research and Development	$	49	$	32	$	152	$	97
Selling, General and Administrative		80		29		251		83
Total Amortization Expense	$	129	$	61	$	403	$	180

The change in the cost value of total intangible assets from December 31, 2015 to September 25, 2016 is a result of the acquisition of Accutronics and the effect of foreign currency translations.

- 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 + Details