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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2011
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS [Text Block]
SUBSEQUENT EVENTS:


In July 2011, the Company entered into a revised agreement with SemiSouth, amending certain terms of the agreement regarding the acquisition rights between the Company and SemiSouth (see Note 15 for further details). The amended agreement extends the Call and Put Option exercise periods from the date that is approximately a month following delivery to the Company of SemiSouth's financial statements for the quarter ending December 31, 2012 to the date that is approximately a month following delivery to the Company of SemiSouth's financial statements for the quarter ending June 30, 2013.


Also in July 2011, SemiSouth obtained $15 million of additional financing through the sale, and concurrent licensing back, of its intellectual property (IP) with a financing company. In connection with this arrangement, the Company entered into a contingent purchase commitment with the financing company for SemiSouth's IP. The purchase commitment requires the Company to purchase the IP previously owned by SemiSouth from its new owner for $15 million (plus reimbursement of certain expenses) under certain conditions generally relating to SemiSouth's failure to make certain payments or SemiSouth's insolvency. In this event, the agreement sets forth a process to be followed before the Company's purchase commitment matures. First, the agreement allows the Company to exercise its Call Option for a certain period of time and under certain conditions. If the Company does not initially exercise its Call Option, then SemiSouth can be sold to a third party during a period of time of up to approximately half a year (which period of time may be shortened by the new SemiSouth IP owner) or the Company could still exercise its Call Option. After that period of time elapses (or shortened), the Company is obligated to purchase the SemiSouth IP for $15 million (plus reimbursement of certain expenses). The Company is obligated to provide a $15 million letter of credit in August 2011 to the financing company to secure the contingent purchase commitment.
 
In addition, the Company has committed to enter into a contract with SemiSouth to act as a sales representative for SemiSouth. The sales representation agreement will allow the Company to earn a fee for its efforts in representing, promoting and soliciting orders for SemiSouth products. The contract can be terminated with or without cause by giving prior written notice to the other party.