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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Jun. 29, 2013
Dec. 29, 2012
Current Assets    
Cash and cash equivalents $ 18,166,988 $ 18,482,144
Accounts receivable, less allowances: $393,000 - 2013; $487,000 - 2012 19,455,843 18,368,774
Inventories 29,668,583 29,384,780
Prepaid expenses and other assets 3,042,021 3,365,904
Recoverable income taxes receivable 408,632 1,158,632
Deferred income taxes 1,064,202 1,064,202
Total Current Assets 71,806,269 71,824,436
Property, Plant and Equipment 60,563,028 58,130,024
Accumulated depreciation (34,117,902) (32,469,281)
Net Property, Plant and Equipment 26,445,126 25,660,743
Other Assets    
Goodwill 13,867,312 13,933,599
Trademarks 174,790 170,512
Patents, technology and other intangibles net of accumulated amortization 1,569,556 1,653,957
Deferred income taxes 2,317,070 2,610,903
Total Other Assets 17,928,728 18,368,971
TOTAL ASSETS 116,180,123 115,854,150
Current Liabilities    
Accounts payable 8,022,473 7,607,658
Accrued compensation 2,023,840 3,453,709
Other accrued expenses 1,902,549 2,414,135
Current portion of long-term debt 1,428,571 1,428,571
Total Current Liabilities 13,377,433 14,904,073
Other long-term liabilities 607,463 607,463
Long-term debt, less current portion 5,357,143 6,071,428
Accrued postretirement benefits 2,619,586 2,507,726
Accrued pension cost 20,674,879 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: 8,916,185 shares in 2013 and 8,914,478 shares in 2012 28,610,330 28,585,498
Treasury Stock: 2,694,729 shares in 2013 and 2012 (19,105,723) (19,105,723)
Retained earnings 80,653,055 78,717,589
Accumulated other comprehensive income (loss):    
Foreign currency translation 2,103,616 2,640,478
Unrecognized net pension and postretirement benefit costs, net of tax (18,717,659) (19,255,743)
Accumulated other comprehensive loss (16,614,043) (16,615,265)
Total Shareholders' Equity 73,543,619 71,582,099
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 116,180,123 $ 115,854,150