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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Operating Activities    
Net income $ 4,677,954 $ 2,580,973
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 1,710,686 1,815,098
Loss on sale of equipment and other assets 17,756 0
Provision for doubtful accounts 65,159 33,403
Issuance of Common Stock for directors' fees 12,298 12,301
Changes in operating assets and liabilities:    
Accounts receivable (1,811,994) (3,169,134)
Inventories 268,835 (311,550)
Prepaid expenses and other 411,292 (509,981)
Prepaid pension cost (517,902) 249,140
Recoverable taxes receivable 647,949 0
Other assets (34,196) (29,950)
Accounts payable (228,004) 120,723
Accrued compensation (395,312) (1,331,130)
Other accrued expenses 570,077 129,293
Net cash provided (used) by operating activities 5,394,598 (410,814)
Investing Activities    
Purchases of property, plant and equipment (2,371,770) (1,843,634)
Proceeds from sales of equipment and other assets 19,000 0
Net cash used in investing activities (2,352,770) (1,843,634)
Financing Activities    
Principal payments on long-term debt (535,714) (535,714)
Principal payments on revolving credit loan (3,000,000) 0
Proceeds from issuance of long-term debt 5,000,000 0
Proceeds from sales of Common Stock 61,110 90,990
Tax Benefit from disqualifying disposition of incentive stock options 0 16,453
Dividends paid (1,242,807) (1,109,824)
Net cash provided by/(used in) financing activities 282,589 (1,538,095)
Effect of exchange rate changes on cash 12,785 17,158
Net change in cash and cash equivalents 3,337,202 (3,775,385)
Cash and cash equivalents at beginning of period 11,147,297 12,224,608
Cash and cash equivalents at end of period $ 14,484,499 $ 8,449,223