Consolidated Balance Sheets - USD ($)	Jan. 02, 2016	Jan. 03, 2015
Current Assets
Cash and cash equivalents	$ 17,814,986	$ 15,834,444
Accounts receivable, less allowances of $450,000 in 2015 and $414,000 in 2014	17,502,445	17,064,245
Inventories:
Raw materials and component parts	10,913,827	9,219,341
Work in process	7,681,576	7,074,950
Finished goods	18,247,010	18,107,906
Inventories	36,842,413	34,402,197
Prepaid expenses and other assets	2,122,215	2,659,737
Recoverable income taxes receivable	0	380,000
Deferred income taxes	986,167	950,024
Total Current Assets	75,268,226	71,290,647
Property, Plant and Equipment
Land	1,159,732	1,160,720
Buildings	16,072,536	16,216,146
Machinery and equipment	46,205,973	45,593,631
Accumulated depreciation	(36,636,775)	(34,919,067)
Net Property, Plant and Equipment	26,801,466	28,051,430
Other Assets
Goodwill	14,790,793	14,960,354
Trademarks	164,957	174,662
Patents, technology and other intangibles net of accumulated amortization	2,113,576	2,498,570
Deferred income taxes	2,599,541	4,294,893
Total Other Assets	19,668,867	21,928,479
TOTAL ASSETS	121,738,559	121,270,556
Current Liabilities
Accounts payable	9,109,394	8,256,600
Accrued compensation	2,873,871	2,916,832
Other accrued expenses	1,751,052	1,201,114
Current portion of long-term debt	1,428,571	1,071,429
Total Current Liabilities	15,162,888	13,445,975
Other long-term liabilities	286,920	564,669
Long-term debt, less current portion	1,785,714	3,214,285
Accrued postretirement benefits	793,055	2,905,908
Accrued pension cost	$ 24,304,926	$ 26,164,812
Commitments and contingencies (See Note 4)
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: 8,942,461,shares in 2015 and 8,938,742 shares in 2014	$ 28,997,050	$ 28,932,058
Treasury Stock: 2,694,729 shares in 2015 and 2014	(19,105,723)	(19,105,723)
Retained earnings	90,597,041	87,680,667
Accumulated other comprehensive income (loss):
Foreign currency translation	(1,154,098)	855,179
Unrecognized net pension and postretirement benefit costs, net of taxes	(19,929,214)	(23,387,274)
Accumulated other comprehensive loss	(21,083,312)	(22,532,095)
Total Shareholders' Equity	79,405,056	74,974,907
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 121,738,559	$ 121,270,556