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Note 9 - Intangible Assets, Net | 6 Months Ended
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Dec. 29, 2013
Disclosure Text Block [Abstract] |
Intangible Assets Disclosure [Text Block] | 9. Intangible Assets, Net Intangible assets, net consist of the following:
|  | December 29, 2013 |  |  | June 30, 2013 |
Customer lists |  | $ | 23,615 |  |  | $ | 22,000 |
Non-compete agreements |  |  | 4,293 |  |  |  | 4,243 |
Licenses |  |  | 265 |  |  |  | 265 |
Trademarks |  |  | 316 |  |  |  | 246 |
Total intangible assets, gross |  |  | 28,489 |  |  |  | 26,754 |
Accumulated amortization - customer lists |  |  | (16,733 | ) |  |  | (15,993 | )
Accumulated amortization - non-compete agreements |  |  | (3,052 | ) |  |  | (2,895 | )
Accumulated amortization - licenses |  |  | (70 | ) |  |  | (55 | )
Accumulated amortization - trademarks |  |  | (85 | ) |  |  | (39 | )
Total accumulated amortization |  |  | (19,940 | ) |  |  | (18,982 | )
Total intangible assets, net |  | $ | 8,549 |  |  | $ | 7,772 |
In fiscal year 2007, the Company purchased the texturing operations of Dillon, which are included in the Company’s Polyester Segment. The valuation of the customer list acquired was determined by estimating the discounted net earnings attributable to the customer relationships that were purchased after considering items such as possible customer attrition. Based on the length and trend of the projected cash flows, an estimated useful life of thirteen years was determined. The customer list is being amortized in a manner that reflects the expected economic benefit that will be received over its thirteen year life. The Dillon non-compete agreements are amortized using the straight line method over the periods currently covered by the agreements. On October 6, 2011, the Company acquired a controlling interest in Repreve Renewables, LLC (“Renewables”). The non-compete agreement acquired is being amortized using the straight line method over the five year term of the agreement. The licenses acquired are being amortized using the straight line method over their estimated useful lives of four to eight years. The Company capitalizes expenses incurred to register certain trademarks for its Repreve and other PVA products in various countries. The Company has determined that these trademarks have varying useful lives of up to three years. Additions to customer lists and non-compete agreements during the current period relate to the December 2013 acquisition of the draw winding business from Dillon. See “Note 4. Acquisition” for further discussion. Amortization expense for intangible assets consists of the following:
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | December 29, 2013 |  |  | December 23, 2012 |  |  | December 29, 2013 |  |  | December 23, 2012 |
Customer lists |  | $ | 370 |  |  | $ | 451 |  |  | $ | 740 |  |  | $ | 901 |
Non-compete agreements |  |  | 79 |  |  |  | 78 |  |  |  | 157 |  |  |  | 157 |
Licenses |  |  | 7 |  |  |  | 9 |  |  |  | 15 |  |  |  | 19 |
Trademarks |  |  | 22 |  |  |  | — |  |  |  | 46 |  |  |  | — |
Total amortization expense |  | $ | 478 |  |  | $ | 538 |  |  | $ | 958 |  |  | $ | 1,077 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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