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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Sep. 29, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 17,823,345 $ 11,147,297
Accounts receivable, less allowances: $523,000 - 2012; $423,000 - 2011 19,682,686 18,633,088
Inventories 28,975,858 29,793,434
Prepaid expenses and other assets 3,248,445 3,313,186
Recoverable income taxes receivable 0 647,950
Deferred income taxes 1,332,663 1,881,775
Total Current Assets 71,062,997 65,416,730
Property, Plant and Equipment 58,456,044 54,863,020
Accumulated depreciation (32,610,329) (30,228,924)
Net Property, Plant and Equipment 25,845,715 24,634,096
Goodwill 13,948,576 13,905,209
Trademarks 163,182 152,446
Patents, technology and other intangibles net of accumulated amortization 1,688,462 1,770,008
Deferred income taxes 1,062,236 821,485
Total Other Assets 16,862,456 16,649,148
TOTAL ASSETS 113,771,168 106,699,974
Current Liabilities    
Accounts payable 8,263,899 8,412,245
Accrued compensation 3,075,349 2,999,478
Other accrued expenses 2,169,272 1,060,143
Current portion of long-term debt 1,428,571 3,714,286
Total Current Liabilities 14,937,091 16,186,152
Other long-term liabilities 655,001 655,001
Long-term debt, less current portion 6,428,571 3,035,714
Accrued postretirement benefits 1,939,189 1,853,157
Accrued pension cost 14,363,288 15,811,622
Shareholders' Equity    
Voting Preferred Stock, no par value: Authorized and unissued: 1,000,000 shares 0 0
Nonvoting Preferred Stock, no par value:Authorized and unissued: 1,000,000 shares 0 0
Common Stock, no par value: Authorized: 50,000,000 shares Issued: 8,914,063 shares in 2012 and 8,908,607 shares in 2011 28,579,340 28,499,779
Treasury Stock: 2,694,729 shares in 2012 and 2011 (19,105,723) (19,105,723)
Retained earnings 78,237,582 73,200,362
Accumulated other comprehensive income (loss):    
Foreign currency translation 2,713,716 2,107,187
Unrecognized net pension and postretirement benefit costs, net of tax (14,976,887) (15,543,277)
Accumulated other comprehensive loss (12,263,171) (13,436,090)
Total Shareholders' Equity 75,448,028 69,158,328
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 113,771,168 $ 106,699,974