Note 8 - Intangible Assets

9 Months Ended

Sep. 27, 2014

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

8. Intangible Assets

The Company evaluates long-lived assets and intangible assets with definite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. When the Company determines that it is probable that undiscounted future cash flows will not be sufficient to recover an asset’s carrying amount, the asset is written down to its fair value. Assets to be disposed of by sale, if any, are reported at the lower of the carrying amount or fair value less cost to sell. The Company’s intangible assets consist of customer relationships and non-compete agreements.

The following table reflects the components of net intangible assets, excluding goodwill:

	Engineering		Information Technology		Total
Balance as of December 28, 2013	$	179	$	37	$	216
Amortization of intangibles during the thirty-nine week period ended September 27, 2014		41		24		65
Intangibles acquired, PCI acquisition		68		-		68
Balance as of September 27, 2014	$	206	$	13	$	219

The Company periodically writes off fully amortized intangible assets. The Company did not write off any fully amortized intangibles for the thirty-nine week periods ended September 27, 2014 and September 28, 2013.