SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Jan. 03, 2015

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) [Abstract]

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

14. Selected Quarterly Financial Information (Unaudited)

Selected quarterly financial information (unaudited) follows:

					2014
	First		Second		Third		Fourth		Year
Net sales	$	35,849,126	$	34,779,773	$	35,803,405	$	34,393,056	$	140,825,360
Gross margin		7,513,406		7,776,304		8,641,473		8,555,221		32,486,404
Selling and administrative      expenses		5,216,289		4,988,364		4,892,600		5,670,503		20,767,756
Net income		1,502,885		1,693,503		2,431,817		2,033,271		7,661,476
Net income per share:
Basic	$	.24	$	.27	$	.39	$	.33	$	1.23
Diluted	$	.24	$	.27	$	.39	$	.33	$	1.23
Weighted average shares outstanding:
Basic		6,222,213		6,222,676		6,223,140		6,231,729		6,225,068
Diluted		6,239,149		6,239,866		6,240,396		6,231,729		6,237,914

					2013
	First		Second		Third		Fourth		Year
Net sales	$	34,692,174	$	39,247,980	$	34,256,086	$	34,262,039	$	142,458,279
Gross margin		6,266,580		8,530,842		7,224,409		8,125,689		30,147,520
Selling and administrative      expenses		4,681,296		5,223,185		4,767,505		5,089,213		19,761,199
Net (loss)/income		1,005,248		2,174,294		1,798,783		1,923,596		6,901,921
Net (loss)/income per share:
Basic	$	.16	$	.35	$	.29	$	.31	$	1.11
Diluted	$	.16	$	.35	$	.29	$	.31	$	1.11
Weighted average shares outstanding:
Basic		6,219,775		6,220,569		6,221,515		6,221,851		6,220,928
Diluted		6,236,842		6,238,025		6,238,074		6,238,089		6,237,758

Fiscal 2014 consisted of 13 weeks for the first, second and third quarters, with the fourth quarter being 14 weeks, totaling 53 weeks for the year.Fiscal 2013 consisted of four 13 week quarters totaling 52 weeks for the year.