Note 8 - Intangible Assets

12 Months Ended

Dec. 28, 2019

Notes to Financial Statements

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. During all periods presented, the Company determined that

no

impairment of intangible assets exists.

All of the Company’s intangible assets are associated with the Engineering segment.  Intangible assets other than goodwill are amortized over their useful lives.  Intangible assets are carried at cost, less accumulated amortization.

Details of intangible assets by class at

December 28, 2019

and

December 29, 2018:

	December 28, 2019		December 29, 2018
Restricted covenants	$	28	$	51
Customer relationships		388		692
Total intangible assets	$	416	$	743

Amortization of acquired intangible assets for the

fifty-two

week periods ended

December 28, 2019

and

December 29, 2018

was

$327

and

$125,

respectively.

Estimated future amortization expense, by fiscal years, for these intangibles assets are as follows:

2020	$	321
2021		95
Total	$	416