CAPITAL LEASE OBLIGATIONS

12 Months Ended

Dec. 31, 2012

CAPITAL LEASE OBLIGATIONS [Abstract]

18.	CAPITAL LEASE OBLIGATIONS

In connection with the Company's acquisition of Creative Wood in September 2012, the Company assumed three lease agreements for certain manufacturing equipment under various non-cancelable agreements, which expire at various dates through 2016. Two of the three leases call for monthly payments including interest of $898 and $5,008, respectively, through April 2015, and the third lease calls for monthly payments including interest of $7,703 through July 2016. The Company is responsible for all related maintenance, insurance, and taxes on the leased assets. Capital lease obligations totaled $0.5 million at December 31, 2012.

The following cost and accumulated depreciation on the capital leases is included in the consolidated statements of financial position at December 31, 2012 as follows:

(thousands)
Cost	$	795
Accumulated depreciation		(31	)
Total	$	764

At December 31, 2012, future minimum lease payments required under the capital leases are as follows:

(thousands)	Principal		Interest		Total
2013	$	138	$	25	$	163
2014		148		15		163
2015		110		7		117
2016		53		1		54
2017		-		-		-
Thereafter		-		-		-
Total minimum lease payments	$	449	$	48	$	497