LEASE LINE TO THIRD PARTY

12 Months Ended

Dec. 31, 2011

Leases [Abstract]

LEASE LINE TO THIRD PARTY [Text Block]

LEASE LINE TO THIRD PARTY:

In February 2011, the Company entered into an agreement with SemiSouth to provide a lease line for the financing of capital equipment. Under the term of the agreement, SemiSouth can borrow up to $8.6 million through January 2013 (reduced from $15.5 million at March 31, 2011). As of December 31, 2011, a total of $8.5 million had been funded, comprised of: $3.9 million funded, less payments withheld under this lease arrangement to finance capital equipment, and $4.6 million paid as deposits on equipment which the Company will lease to SemiSouth upon delivery of such equipment. The Company included the lease line receivable and deposits on equipment in Other Assets and Prepaid Expenses and Other Current Assets in its consolidated balance sheet at December 31, 2011. The total lease payments related to the $3.9 million funded, including interest, will be received over a four-to-eight year term and are reflected in the table below (in millions):

Fiscal Year	Total Minimum Lease Payments
2012	$	0.6
2013	0.6
2014	0.6
2015	0.6
2016	0.6
Thereafter	1.0
Total	$	4.0

The Company assessed the credit worthiness of SemiSouth at the inception of the lease line, and is monitoring their credit quality on an ongoing basis. If the credit worthiness of SemiSouth diminishes the Company will establish a specific reserve against the lease line receivable at that time.