text: **Note 1. Summary of Significant Accounting Policies (Continued)**
  
  goodwill and intangible asset impairments, and requires additional disclosures of information about goodwill and other 
  intangible assets. The provisions of SFAS No. 142 were required to be applied starting with fiscal years beginning 
  after December 15, 2001 and applied to all goodwill and other intangible assets recognized in financial statements at 
  that date. In connection with SFAS No. 142 transitional goodwill impairment evaluation, the Statement required the 
  Company to perform an assessment of whether there is an indication that goodwill is impaired as of the date of 
  adoption. To accomplish this, the Company identified its reporting units and determined the carrying value of each 
  unit by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units 
  as of January 1, 2002. 
  
  Goodwill represents the excess of purchase price over fair value of tangible and identifiable intangible net assets 
  acquired. Prior to adoption of SFAS No. 142*,*goodwill was amortized on a straight-line basis over the expected 
  periods to be benefited, which was 15 years for the Company. SFAS No. 142 required a transitional goodwill 
  impairment evaluation beginning January 1, 2002. Subsequent to adoption, amortization of goodwill ceased, and the 
  goodwill balance is reviewed annually for impairment. No impairment of goodwill was required to be recorded in 
  2003 and 2002. With the implementation of SFAS No. 142, there was no goodwill amortization charged to operations 
  in 2003 or 2002, while amortization expense was $360 thousand in 2001. 