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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Operating Activities    
Net income $ 1,458,545 $ 3,196,388
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,902,386 1,666,843
Unrecognized pension and postretirement benefits 1,156,385 674,219
Loss on sale of equipment and other assets 17,734 84,785
Provision for doubtful accounts 26,626 51,330
Issuance of Common Stock for directors' fees 19,960 14,994
Changes in operating assets and liabilities:    
Accounts receivable (3,038,008) (2,096,292)
Inventories (724,353) (120,992)
Prepaid expenses and other 513,110 378,211
Recoverable taxes receivable 380,000 0
Other assets 21,384 (96,529)
Accounts payable 1,099,021 1,137,942
Accrued compensation (1,039,252) (1,356,886)
Other accrued expenses (440,315) (391,757)
Net cash provided by operating activities 1,353,223 3,142,256
Investing Activities    
Purchases of property, plant and equipment (1,609,471) (1,608,421)
Net cash used in investing activities (1,609,471) (1,608,421)
Financing Activities    
Principal payments on long-term debt (714,285) (714,285)
Dividends paid (1,373,724) (1,368,927)
Net cash used in financing activities (2,088,009) (2,083,212)
Effect of exchange rate changes on cash (169,871) (61,671)
Net change in cash and cash equivalents (2,514,128) (611,048)
Cash and cash equivalents at beginning of period 15,834,444 19,988,361
Cash and cash equivalents at end of period $ 13,320,316 $ 19,377,313