Note 5 - Intangibles

9 Months Ended

Sep. 30, 2012

Intangible Assets Disclosure [Text Block]

5.      Intangibles

Intangible assets, net of accumulated amortization, resulting primarily from the Acquisitions accounted for under the purchase method of accounting, consist of the following:

	December 31, 2011		September 30,  2012		Amortization Period (years)
Customer relationships	$	2,191	$	2,007	15	to	20
Trade know-how		364		239		8
Total	$	2,555	$	2,246

Amortization expense relating to intangible assets was $103 for the three months ended September 30, 2012 and 2011, and $309 and $324 for the nine months ended September 30, 2012 and 2011, respectively.

At December 31, 2011, the Company had indefinite-lived trademarks of $6,190.  In accordance with FASB ASC 350, the Company tests for impairment of indefinite-lived trademarks at least annually.  As of September 30, 2012, the Company reviewed the indefinite–lived trademarks for impairment due to ongoing reduced revenues, over capacity in the industry, the need to raise capital during the period and the overall reduction in the Company’s market valuation.  Reflective primarily of the reduction of the royalty rate, reduced revenues and other factors, the review resulted in a full impairment of the asset and the Company recorded an impairment charge of $6,190 during the period.  As of September 30, 2012, the carrying value of indefinite-lived trademarks is $0.