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Note 9 - Intangible Assets, Net | 9 Months Ended
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Mar. 30, 2014
Disclosure Text Block [Abstract] |
Intangible Assets Disclosure [Text Block] | 9. Intangible Assets, Net Intangible assets, net consist of the following:
|  | March 30, 2014 |  |  | June 30, 2013 |
Customer lists |  | $ | 23,615 |  |  | $ | 22,000 |
Non-compete agreements |  |  | 4,293 |  |  |  | 4,243 |
Licenses |  |  | 265 |  |  |  | 265 |
Trademarks |  |  | 328 |  |  |  | 246 |
Total intangible assets, gross |  |  | 28,501 |  |  |  | 26,754 |
Accumulated amortization - customer lists |  |  | (17,310 | ) |  |  | (15,993 | )
Accumulated amortization - non-compete agreements |  |  | (3,133 | ) |  |  | (2,895 | )
Accumulated amortization - licenses |  |  | (78 | ) |  |  | (55 | )
Accumulated amortization - trademarks |  |  | (113 | ) |  |  | (39 | )
Total accumulated amortization |  |  | (20,634 | ) |  |  | (18,982 | )
Total intangible assets, net |  | $ | 7,867 |  |  | $ | 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 non-compete agreement is amortized using the straight line method over the periods currently covered by the agreement. On December 2, 2013, the Company acquired certain draw winding assets and the associated business from Dillon, as described in “Note 4. Acquisition.” A customer list and a non-compete agreement were recorded in connection with the business combination, utilizing similar valuation methods as described above for the fiscal year 2007 transaction. The customer list is amortized over a nine year estimated useful life based on the expected economic benefit. The non-compete agreement is amortized using the straight line method over the five year term of the agreement. 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 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 and are being amortized using the straight line method. Amortization expense for intangible assets consists of the following:
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | March 30, 2014 |  |  | March 24, 2013 |  |  | March 30, 2014 |  |  | March 24, 2013 |
Customer lists |  | $ | 577 |  |  | $ | 451 |  |  | $ | 1,317 |  |  | $ | 1,352 |
Non-compete agreements |  |  | 81 |  |  |  | 78 |  |  |  | 238 |  |  |  | 235 |
Licenses |  |  | 8 |  |  |  | 10 |  |  |  | 23 |  |  |  | 29 |
Trademarks |  |  | 28 |  |  |  | — |  |  |  | 74 |  |  |  | — |
Total amortization expense |  | $ | 694 |  |  | $ | 539 |  |  | $ | 1,652 |  |  | $ | 1,616 |

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