XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 29, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 18,482,144 $ 11,147,297
Accounts receivable, less allowances of $487,000 in 2012 and $423,000 in 2011 18,368,774 18,633,088
Inventories:    
Raw materials and component parts 8,473,007 11,863,199
Work in process 6,160,578 6,425,914
Finished goods 14,751,195 11,504,321
Inventories 29,384,780 29,793,434
Prepaid expenses and other assets 3,365,904 3,313,186
Recoverable income taxes receivable 1,158,632 647,950
Deferred income taxes 1,064,202 1,332,663
Total Current Assets 71,824,436 64,867,618
Property, Plant and Equipment    
Land 1,152,970 1,152,804
Buildings 14,490,407 14,181,502
Machinery and equipment 42,486,647 39,528,714
Accumulated depreciation (32,469,281) (30,228,924)
Net Property, Plant and Equipment 25,660,743 24,634,096
Other Assets    
Goodwill 13,933,599 13,905,209
Trademarks 170,512 152,446
Patents, technology and other intangibles net of accumulated amortization 1,653,957 1,770,008
Deferred income taxes 2,610,903 1,370,597
Total Other Assets 18,368,971 17,198,260
TOTAL ASSETS 115,854,150 106,699,974
Current Liabilities    
Accounts payable 7,607,658 8,412,245
Accrued compensation 3,453,709 2,999,478
Other accrued expenses 2,414,135 1,060,143
Current portion of long-term debt 1,428,571 3,714,286
Total Current Liabilities 14,904,073 16,186,152
Other long-term liabilities 607,463 655,001
Long-term debt, less current portion 6,071,428 3,035,714
Accrued postretirement benefits 2,507,726 1,853,157
Accrued pension cost 20,181,361 15,811,622
Commitments and contingencies (See Note 3)      
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: 8,914,478 shares in 2012 and 8,908,607 shares in 2011 28,585,498 28,499,779
Treasury Stock: 2,694,729 shares in 2012 and 2011 (19,105,723) (19,105,723)
Retained earnings 78,717,589 73,200,362
Accumulated other comprehensive income (loss):    
Foreign currency translation 2,640,478 2,107,187
Unrecognized net pension and postretirement benefit costs, net of taxes (19,255,743) (15,543,277)
Accumulated other comprehensive loss (16,615,265) (13,436,090)
Total Shareholders' Equity 71,582,099 69,158,328
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 115,854,150 $ 106,699,974