Note 6 - Goodwill, Intangible Assets and Long Term Assets

6 Months Ended

Jul. 02, 2017

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

six

-month periods ended

July 2, 2017

and

June 26, 2016:

	Battery & Energy			Communi- cations
	Products			Systems		Total

Balance - December 31, 2015	$	4,790		$	11,493	$	16,283
Acquisition of Accutronics		4,407			-		4,407
Measurement period adjustment		(201	)		-		(201	)
Effect of foreign currency translation		(314	)		-		(314	)
Balance – June 28, 2016		8,682			11,493		20,175
Measurement period adjustment		228			-		228
Effect of foreign currency translation		(438	)		-		(438	)
Balance - December 31, 2016		8,472			11,493		19,965
Effect of foreign currency translation		258			-		258
Balance – July 2, 2017	$	8,730		$	11,493	$	20,223

b. Intangible Assets

The composition of intangible assets was:

	at July 2 , 201 7
			Accumulated
	Cost		Amortization		Net

Trademarks	$	3,406	$	-	$	3,406
Customer relationships		6,525		4,088		2,437
Patents and technology		5,508		4,504		1,004
Distributor relationships		377		377		-
Trade name		379		57		322
Total intangible assets	$	16,195	$	9,026	$	7,169

	at December 31, 201 6
			Accumulated
	Cost		Amortization		Net

Trademarks	$	3,404	$	-	$	3,404
Customer relationships		6,395		3,975		2,420
Patents and technology		5,455		4,417		1,038
Distributor relationships		377		368		9
Trade name		359		36		323
Total intangible assets	$	15,990	$	8,796	$	7,194

Amortization expense for intangible assets was as follows:

	Three-month periods ended				Six-month periods ended
	July 2 ,		June 26,		July 2 ,		June 26,
	201 7		2016		201 7		2016
Amortization included in:
Research and development	$	41	$	52	$	81	$	103
Selling, general and administrative		63		85		128		171
Total amortization expense	$	104	$	137	$	209	$	274

The change in the cost value of total intangible assets from

December 31, 2016

July 2, 2017

is a result of 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.

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