ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 28, 2013

ACCOUNTING POLICIES [Abstract]

Gross carrying amount and accumulated amortization of amortizable intangible assets

The gross carrying amount and accumulated amortization of amortizable intangible assets:

	Industrial Hardware Segment		Security Products Segment		Metal Products Segment		Total		Weighted-Average Amortization Period (Years)
2013 Patents and developed technology
Gross Amount:	$	2,595,931	$	1,041,250	$	--	$	3,637,181		16.0
Accumulated amortization:		1,676,440		503,238		--		2,179,678
Net 2013 per Balance Sheet	$	919,491	$	538,012	$	--	$	1,457,503
2012 Patents and developed technology
Gross Amount:	$	2,732,307	$	1,021,409	$	5,839	$	3,759,555		15.8
Accumulated amortization:		1,652,199		447,732		5,667		2,105,598
Net 2012 per Balance Sheet	$	1,080,108	$	573,677	$	172	$	1,653,957

Roll-forward of goodwill

The following is a roll-forward of goodwill for 2013 and 2012:

	Industrial Hardware Segment			Security Products Segment		Metal Products Segment		Total
2013
Beginning balance	$	2,099,783		$	11,833,816	$	—	$	13,933,599
Foreign exchange		(91,552	)		—		—		(91,552	)
Ending balance	$	2,008,231		$	11,833,816	$	—	$	13,842,047

	Industrial Hardware Segment		Security Products Segment		Metal Products Segment		Total
2012
Beginning balance	$	2,071,393	$	11,833,816	$	—	$	13,905,209
Foreign exchange		28,390		—		—		28,390
Ending balance	$	2,099,783	$	11,833,816	$	—	$	13,933,599

Denominators used in the earnings per share computations

The denominators used in the earnings per share computations follow:

	2013		2012		2011
Basic:
Weighted average shares outstanding		6,220,928		6,216,931		6,178,664
Diluted:
Weighted average shares outstanding		6,220,928		6,216,931		6,178,664
Dilutive stock options		16,830		16,444		37,529
Denominator for diluted earnings per share		6,237,758		6,233,375		6,216,193