Note 13 - Asset Impairment

3 Months Ended

Apr. 02, 2016

Notes to Financial Statements

Asset Impairment Charges [Text Block]

13. Product Line Sale

During the first quarter of 2016, the company sold its tangible and intangible assets relating to a marine product line. In connection with this sale, the company recorded asset charges of $1.4 million within Cost of sales ($0.4 million), Selling, general and administrative expenses (less than $0.1 million), Research and development expenses (less than $0.1 million) and Amortization of intangibles ($0.9) million. These charges were recognized as an “other” charge for segment reporting purposes.