Other Assets

12 Months Ended

Dec. 31, 2011

5.	Other Assets

Other assets consists of the following at:


	December 31, 2011		January 1, 2011
	(In thousands)
Goodwill and intangible assets, net	$	10,377	$	11,280
Investment in Advanced Scientific Concepts, Inc.		2,500		2,500

	$	12,877	$	13,780

Goodwill and Intangible assets are the result of the acquisition of Nekton Research, LLC (“Nekton”), See Note 13 to the Consolidated Financial Statements for a more detailed discussion of the Goodwill and intangible assets, net.

In November 2007, the Company recorded an investment of $2.5 million in a series of preferred stock of Advanced Scientific Concepts, Inc. This investment is accounted for at cost. The Company regularly monitors this investment to determine if facts and circumstances have changed in a manner that would require a change in accounting methodology. Additionally, the Company regularly evaluates whether or not this investment has been impaired by considering such factors as economic environment, market conditions, operational performance and other specific factors relating to the business underlying the investment. If any such impairment is identified, a reduction in the carrying value of the investment would be recorded at that time. Since the Company believes the fair value of its investment is greater than the carrying value of its investment, it has not impaired this investment.