AMORTIZABLE INTANGIBLE ASSETS

9 Months Ended

Sep. 28, 2013

AMORTIZABLE INTANGIBLE ASSETS

AMORTIZABLE INTANGIBLE ASSETS

8. Identifiable amortizable intangible assets as of September 28, 2013 include a restrictive land covenant and customer relationships. Collectively, these assets were carried at $132,000, net of $588,000 accumulated amortization. The pre-tax amortization expense for intangible assets during the quarter ended September 28, 2013 was $14,000 compared to $16,000 for the quarter ended September 29, 2012, and was $44,000 for the nine months ended September 28, 2013 as compared to $49,000 for the nine months ended September 29, 2012.

Based upon the intangible assets recorded on the balance sheet at September 28, 2013, amortization expense for the next five years is estimated to be as follows: 2013 – $58,000; 2014 – $52,000; 2015 – $45,000; 2016 – $21,000 and 2017 – $0.