Note H - Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

Note H – Goodwill and Other Intangible Assets


The major components of goodwill and other intangible assets are:


   

2013

   

2012

 
   

Historical

Cost

   

Accumulated

Amortization

   

Historical

Cost

   

Accumulated

Amortization

 

Finite-lived intangible assets:

 

Customer relationships

  $ 8,170     $ 2,403     $ 8,366     $ 1,582  

Technology & drawings

    5,790       1,685       5,790       1,379  

Other intangibles

    1,568       1,505       1,560       1,453  

Total finite-lived intangible assets

    15,528       5,593       15,716       4,414  

Goodwill

    18,046       --       17,452       --  

Trade names & trademarks

    3,522       --       3,532       --  

Total

  $ 37,096     $ 5,593     $ 36,700     $ 4,414  

Amortization of intangible assets in 2013, 2012 and 2011 was $1,179,000, $869,000 and $955,000, respectively. Amortization of these intangible assets for 2014 through 2018 is expected to approximate $1.2 million per year. Pursuant to the acquisitions described in Note J, in 2012 the Company recognized customer relationships of $3.1 million, technology and drawings of $1.2 million, tradenames and trademarks of $612,000 and goodwill of $2.8 million. The remaining changes occurring in 2012 relate to foreign currency translation affects and amortization.