Quarterly report pursuant to Section 13 or 15(d)

Note 12. Acquisitions

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Note 12. Acquisitions
 6 Months Ended
Jul. 01, 2012
Business Combination Disclosure [Text Block]
12.       Acquisitions

Upon the acquisition of ZF Array on August 31, 2011, the Company accrued $2.4 million for contingent consideration. Contingent consideration is based on financial performance of the acquired company’s operations for a 24-month period following the acquisition date, to a maximum of $2.4 million. Based on the results to date and anticipated future performance it is evident that the maximum amount will not be earned; fair value of the contingent consideration liability was reduced during the three months ended July 1, 2012 resulting in recognition of a gain of $650.