GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill is as follows:

Balance, January 1, 2016	$	10,154,000
Currency translation adjustment		(6,000)
Balance, March 31, 2016	$	10,148,000

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Other intangible assets were as follows:

	March 31, 2016						December 31, 2015
	Cost		Accumulated amortization		Net book value		Cost		Accumulated amortization		Net book value
Other intangible assets:
Customer relationships (1)	$	11,276,000	$	3,695,000	$	7,581,000	$	11,285,000	$	3,486,000	$	7,799,000
Trademarks and trade names (1)		2,003,000		—		2,003,000		2,015,000		—		2,015,000
Engineering drawings		410,000		168,000		242,000		410,000		159,000		251,000
Non-compete agreements (1)		359,000		156,000		203,000		362,000		134,000		228,000
Patents		1,205,000		466,000		739,000		1,205,000		400,000		805,000
Totals	$	15,253,000	$	4,485,000	$	10,768,000	$	15,277,000	$	4,179,000	$	11,098,000

(1) A portion of these intangibles are maintained in a foreign currency, and are therefore subject to foreign exchange rate fluctuations.

  The weighted average amortization period for intangible assets was as follows:

	March 31, 2016		December 31, 2015
Customer relationships		9.8		10.0
Trademarks and trade names (1)		—		—
Engineering drawings		8.4		8.5
Non-compete agreements		2.5		2.7
Patents		5.8		5.8

⁽¹⁾ Have indefinite lives.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Amortization expense for intangible assets from continuing operations subject to amortization was as follows:

Three months ended March 31,
2016		2015
$	308,000	$	309,000

 Amortization expense for each of the next five years and thereafter is estimated to be as follows:

2017	$	1,233,000
2018		1,052,000
2019		966,000
2020		907,000
2021		748,000
Thereafter		3,859,000
	$	8,765,000