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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Sep. 27, 2014
Dec. 28, 2013
Current Assets    
Cash and cash equivalents $ 21,198,789 $ 19,988,361
Accounts receivable, less allowances: $461,000 - 2014; $410,000 - 2013 18,541,198 16,284,603
Inventories 30,702,662 30,657,612
Prepaid expenses and other assets 3,179,641 3,244,686
Deferred income taxes 818,662 818,662
Total Current Assets 74,440,952 70,993,924
Property, Plant and Equipment 63,172,766 61,849,854
Accumulated depreciation (36,002,525) (34,458,096)
Net Property, Plant and Equipment 27,170,241 27,391,758
Goodwill 13,791,518 13,842,047
Trademarks 174,662 173,177
Patents, technology and other intangibles net of accumulated amortization 1,395,236 1,457,503
Total Other Assets 15,361,416 15,472,727
TOTAL ASSETS 116,972,609 113,858,409
Current Liabilities    
Accounts payable 8,589,710 7,302,368
Accrued compensation 2,301,203 3,007,169
Other accrued expenses 1,290,712 1,519,338
Current portion of long-term debt 1,785,714 1,785,714
Total Current Liabilities 13,967,339 13,614,589
Deferred income taxes 1,412,833 1,111,755
Other long-term liabilities 248,417 248,417
Long-term debt, less current portion 3,214,286 4,285,714
Accrued postretirement benefits 2,367,640 2,232,872
Accrued pension cost 10,853,517 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: 8,918,306 shares in 2014 and 8,916,897 shares in 2013 28,644,073 28,621,582
Treasury Stock: 2,694,729 shares in 2014 and 2013 (19,105,723) (19,105,723)
Retained earnings 86,332,484 83,006,671
Accumulated other comprehensive income (loss):    
Foreign currency translation 1,485,885 1,983,506
Unrecognized net pension and postretirement benefit costs, net of tax (12,448,142) (13,001,185)
Accumulated other comprehensive loss (10,962,257) (11,017,679)
Total Shareholders' Equity 84,908,577 81,504,851
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 116,972,609 $ 113,858,409