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Note 11 - Property, Plant and Equipment

6 Months Ended

Jun. 29, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

(11)

Property, Plant and Equipment

Property, plant and equipment consists of the following (in thousands):

	June 29,			December 31,
	2014			2013
	(Unaudited)
Land and land improvements	$	3,006		$	2,999
Buildings and building improvements		26,294			26,053
Machinery, equipment, furniture and fixtures		162,846			161,207
Construction in progress		3,337			2,133
		195,483			192,392
Accumulated depreciation		(153,152	)		(147,709	)
	$	42,331		$	44,683

The Industrial Group performed an asset recoverability test for its fixed asset group totaling approximately $37,821,000 as of June 29, 2014. The Company concluded that the undiscounted sum of estimated future cash flows exceeded the carrying value for such asset group, and accordingly, no impairment was recognized. Additionally, the Company received fair market value appraisals for the Industrial Group’s personal property from an independent third party, which exceeded the carrying value as of June 29, 2014.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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