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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Oct. 03, 2015
Sep. 27, 2014
Operating Activities    
Net income $ 3,986,267 $ 5,628,205
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,885,560 2,506,785
Unrecognized pension and postretirement benefits 1,356,233 982,195
Loss on sale of equipment and other assets 62,254 105,511
Provision for doubtful accounts 44,126 71,229
Issuance of Common Stock for directors' fees 42,487 22,491
Changes in operating assets and liabilities:    
Accounts receivable (2,991,497) (2,448,174)
Inventories (2,602,651) (207,873)
Prepaid expenses and other 532,981 56,064
Recoverable income taxes receivable 380,000 0
Other assets (4,616) (141,478)
Accounts payable 269,696 1,357,742
Accrued compensation (186,096) (672,074)
Other accrued expenses (125,439) (247,024)
Net cash provided by operating activities 3,649,305 7,013,599
Investing Activities    
Purchases of property, plant and equipment (2,044,712) (2,292,872)
Proceeds from sales of equipment and other assets 0 19,000
Net cash used in investing activities (2,044,712) (2,273,872)
Financing Activities    
Principal payments on long-term debt (1,071,428) (1,071,428)
Dividends paid (2,123,322) (2,302,391)
Net cash used in financing activities (3,194,750) (3,373,819)
Effect of exchange rate changes on cash (633,221) (155,480)
Net change in cash and cash equivalents (2,223,378) 1,210,428
Cash and cash equivalents at beginning of period 15,834,444 19,988,361
Cash and cash equivalents at end of period $ 13,611,066 $ 21,198,789