Note 15 - Product Line Sale

9 Months Ended

Oct. 01, 2016

Notes to Financial Statements

Asset Impairment Charges [Text Block]

1

5

. Product Line Sale

During the first quarter of 2016, the company sold its tangible and intangible assets relating to a marine product line that it acquired as part of its acquisition of Selco A/S in 2011. In connection with this sale, the company recorded a loss on sale of the product line of $1.4 million reflected within selling, general and administrative expenses for the nine months ended October 1, 2016. This loss was recognized as an “other” charge for segment reporting purposes.