XML 27 R12.htm IDEA: XBRL DOCUMENT

INTANGIBLE ASSETS AND GOODWILL

3 Months Ended

Mar. 30, 2012

(6) INTANGIBLE ASSETS AND GOODWILL

The Company's intangible assets at March 30, 2012 and December 31, 2011 consisted of the following (in thousands):

Intellectual property	Useful life	Cost		Accumulated amortization		Net carrying value

March 30, 2012	5 years	$	2,999	$	1,899	$	1,100
December 31, 2011	5 years	$	2,999	$	1,799	$	1,200

The Company amortizes its intangible assets over the estimated useful lives of the respective assets. Amortization expense related to intangible assets for the three months ended March 30, 2012 and March 31, 2011 was as follows (in thousands):

	Three months ended

	March 30, 2012		March 31, 2011
Amortization of intangible assets	$	100	$	100

Estimated future amortization expense for intangible assets recorded by the Company at March 30, 2012 is as follows (in thousands):


Remainder of 2012	$	300
2013		400
2014		400

	$	1,100

Goodwill is recorded when the consideration in a business combination exceeds the fair value of net tangible and identifiable intangible assets acquired. The Company's goodwill at March 30, 2012 and March 31, 2011 was comprised of the following (in thousands):

	March 30, 2012			March 31, 2011

Goodwill	$	8,168		$	8,168
Accumulated impairment losses		(3,106	)		(3,106	)

	$	5,062		$	5,062

There were no changes in the carrying amounts of the Company's goodwill in either of the three months ended March 30, 2012 or March 31, 2011.

- 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.

+ References+ Details