Note 13 - Fire at Manufacturing Facility

6 Months Ended

Jun. 30, 2013

Extraordinary and Unusual Items [Abstract]

Business Insurance Recoveries [Text Block]

13.   FIRE AT MANUFACTURING FACILITY

In June 2011, we experienced a fire that damaged certain inventory and  machinery and equipment at our facility in China.  The fire occurred after business hours and was fully extinguished quickly with no injuries, and the plant was back in full operation shortly thereafter with no significant disruption in supply or service to customers.

The total amount of the loss pertaining to assets and the related expenses was approximately $1,589.  The majority of our insurance claim is related to the recovery of damaged inventory.  In June 2012, we received approximately $1,017 as a partial payment on our insurance claim, which resulted in no gain or loss being recognized.  In April 2013, we have received $269 as a further payment on this claim, with no gain or loss recognized.  As of June, 2013, we reflect a receivable from the insurance company relating to this claim of $165, which is net of our deductible of approximately $132, and represents additional proceeds to be received.  The deductible charge was expensed in the second quarter of 2011 and reflected as a component of cost of products sold in the Consolidated Statements of Comprehensive Income.