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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Mar. 29, 2014
Dec. 28, 2013
Current Assets    
Cash and cash equivalents $ 18,518,336 $ 19,988,361
Accounts receivable, less allowances: $436,000 - 2014; $410,000 - 2013 18,176,174 16,284,603
Inventories 30,266,053 30,657,612
Prepaid expenses and other assets 3,422,748 3,244,686
Deferred income taxes 818,662 818,662
Total Current Assets 71,201,973 70,993,924
Property, Plant and Equipment 62,136,945 61,849,854
Accumulated depreciation (34,957,178) (34,458,096)
Net Property, Plant and Equipment 27,179,767 27,391,758
Goodwill 13,801,676 13,842,047
Trademarks 174,662 173,177
Patents, technology and other intangibles net of accumulated amortization 1,431,749 1,457,503
Total Other Assets 15,408,087 15,472,727
TOTAL ASSETS 113,789,827 113,858,409
Current Liabilities    
Accounts payable 8,303,333 7,302,368
Accrued compensation 1,564,979 3,007,169
Other accrued expenses 1,199,330 1,519,338
Current portion of long-term debt 1,785,714 1,785,714
Total Current Liabilities 12,853,356 13,614,589
Deferred income taxes 1,212,105 1,111,755
Other long-term liabilities 248,417 248,417
Long-term debt, less current portion 3,928,572 4,285,714
Accrued postretirement benefits 2,289,405 2,232,872
Accrued pension cost 11,109,383 10,860,211
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: 8,917,354 shares in 2014 and 8,916,897 shares in 2013 28,629,073 28,621,582
Treasury Stock: 2,694,729 shares in 2014 and 2013 (19,105,723) (19,105,723)
Retained earnings 83,825,117 83,006,671
Accumulated other comprehensive income (loss):    
Foreign currency translation 1,616,977 1,983,506
Unrecognized net pension and postretirement benefit costs, net of tax (12,816,855) (13,001,185)
Accumulated other comprehensive loss (11,199,878) (11,017,679)
Total Shareholders' Equity 82,148,589 81,504,851
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 113,789,827 $ 113,858,409