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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Sep. 28, 2013
Dec. 29, 2012
Current Assets    
Cash and cash equivalents $ 19,080,745 $ 18,482,144
Accounts receivable, less allowances: $425,000 - 2013; $487,000 - 2012 18,662,614 18,368,774
Inventories 30,425,463 29,384,780
Prepaid expenses and other assets 3,352,951 3,365,904
Recoverable income taxes receivable 0 1,158,632
Deferred income taxes 1,066,161 1,064,202
Total Current Assets 72,587,934 71,824,436
Property, Plant and Equipment 62,073,438 58,130,024
Accumulated depreciation (35,072,372) (32,469,281)
Net Property, Plant and Equipment 27,001,066 25,660,743
Other Assets    
Goodwill 13,889,060 13,933,599
Trademarks 176,540 170,512
Patents, technology and other intangibles net of accumulated amortization 1,519,100 1,653,957
Deferred income taxes 2,168,037 2,610,903
Total Other Assets 17,752,737 18,368,971
TOTAL ASSETS 117,341,737 115,854,150
Current Liabilities    
Accounts payable 8,224,036 7,607,658
Accrued compensation 2,465,905 3,453,709
Other accrued expenses 1,043,375 2,414,135
Current portion of long-term debt 1,428,571 1,428,571
Total Current Liabilities 13,161,887 14,904,073
Other long-term liabilities 607,463 607,463
Long-term debt, less current portion 5,000,000 6,071,428
Accrued postretirement benefits 2,669,762 2,507,726
Accrued pension cost 20,766,553 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: 8,916,546 shares in 2013 and 8,914,478 shares in 2012 28,615,949 28,585,498
Treasury Stock: 2,694,729 shares in 2013 and 2012 (19,105,723) (19,105,723)
Retained earnings 81,767,475 78,717,589
Accumulated other comprehensive income (loss):    
Foreign currency translation 2,303,111 2,640,478
Unrecognized net pension and postretirement benefit costs, net of tax (18,444,740) (19,255,743)
Accumulated other comprehensive loss (16,141,629) (16,615,265)
Total Shareholders' Equity 75,136,072 71,582,099
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 117,341,737 $ 115,854,150