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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Oct. 01, 2011
Jan. 01, 2011
Current Assets  
Cash and cash equivalents$ 9,333,687$ 12,224,608
Accounts receivable, less allowances: $561,000 - 2011; $519,000 - 201022,185,31816,424,766
Inventories29,742,75228,190,175
Prepaid expenses and other assets2,810,5282,652,132
Deferred income taxes1,141,7441,141,744
Total Current Assets65,214,02960,633,425
Property, Plant and Equipment56,053,06753,328,353
Accumulated depreciation(31,030,096)(28,864,317)
Property Plant and Equipment, Net25,022,97124,464,036
Goodwill13,878,25113,933,990
Trademarks150,751150,751
Patents, technology, and other intangibles net of accumulated amortization1,797,1972,259,235
Deferred income taxes630,548912,043
Total Assets, Noncurrent16,456,74717,256,019
TOTAL ASSETS106,693,747102,353,480
Current Liabilities  
Accounts payable10,828,0247,518,969
Accrued compensation1,766,3762,997,126
Other accrued expenses1,702,1631,141,514
Current portion of long-term debt714,286714,286
Total Current Liabilities15,010,84912,371,895
Other long-term liabilities713,202713,202
Long-term debt, less current portion3,214,2863,750,000
Accrued postretirement benefits1,507,2061,461,371
Accrued pension cost13,235,66214,013,269
Shareholders' Equity  
Voting Preferred Stock, no par value: Authorized and unissued 1,000,000 shares  
Nonvoting Preferred Stock, no par value: Authorized and unissued 1,000,000 shares  
Common Stock, no par value: Authorized: 50,000,000 shares Issued: 8,892,966 shares in 2011 and 8,852,762 shares in 201028,275,34327,717,318
Treasury Stock: 2,694,729 shares in 2011 and 2010(19,105,723)(19,105,723)
Retained earnings72,295,56769,919,619
Accumulated other comprehensive income (loss):  
Foreign currency translation1,965,1852,448,675
Unrecognized net pension and postretirement benefit costs, net of tax(10,417,830)(10,936,146)
Accumulated other comprehensive loss(8,452,645)(8,487,471)
Total Shareholders' Equity73,012,54270,043,743
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$ 106,693,747$ 102,353,480