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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Mar. 30, 2013
Dec. 29, 2012
Current Assets    
Cash and cash equivalents $ 16,891,943 $ 18,482,144
Accounts receivable, less allowances: $522,000 - 2013; $487,000 - 2012 18,374,908 18,368,774
Inventories 29,791,380 29,384,780
Prepaid expenses and other assets 3,139,371 3,365,904
Recoverable income taxes receivable 408,632 1,158,632
Deferred income taxes 1,064,202 1,064,202
Total Current Assets 69,670,436 71,824,436
Property, Plant and Equipment 59,300,102 58,130,024
Accumulated depreciation (33,314,571) (32,469,281)
Net Property, Plant and Equipment 25,985,531 25,660,743
Other Assets    
Goodwill 13,906,902 13,933,599
Trademarks 171,312 170,512
Patents, technology and other intangibles net of accumulated amortization 1,636,778 1,653,957
Deferred income taxes 2,463,987 2,610,903
Total Other Assets 18,178,979 18,368,971
TOTAL ASSETS 113,834,946 115,854,150
Current Liabilities    
Accounts payable 7,591,618 7,607,658
Accrued compensation 1,401,937 3,453,709
Other accrued expenses 1,955,865 2,414,135
Current portion of long-term debt 1,428,571 1,428,571
Total Current Liabilities 12,377,991 14,904,073
Other long-term liabilities 607,463 607,463
Long-term debt, less current portion 5,714,286 6,071,428
Accrued postretirement benefits 2,568,340 2,507,726
Accrued pension cost 20,428,922 20,181,361
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: 8,914,738 shares in 2013 and 8,914,478 shares in 2012 28,590,111 28,585,498
Treasury Stock: 2,694,729 shares in 2013 and 2012 (19,105,723) (19,105,723)
Retained earnings 79,100,862 78,717,589
Accumulated other comprehensive income (loss):    
Foreign currency translation 2,539,395 2,640,478
Unrecognized net pension and postretirement benefit costs, net of tax (18,986,701) (19,255,743)
Accumulated other comprehensive loss (16,447,306) (16,615,265)
Total Shareholders' Equity 72,137,944 71,582,099
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 113,834,946 $ 115,854,150