SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Jan. 02, 2016

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) [Abstract]

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

14. Selected Quarterly Financial Information (Unaudited)

Selected quarterly financial information (unaudited) follows:

					2015
	First		Second		Third		Fourth		Year
Net sales	$	36,876,842	$	37,037,697	$	36,239,500	$	34,413,912	$	144,567,951
Gross margin		7,335,178		7,912,161		9,033,843		8,100,044		32,381,226
Selling and administrative      expenses		5,963,695		7,056,139		5,584,222		5,749,442		24,353,498
Net income		873,951		584,594		2,527,722		1,740,776		5,727,043
Net income per share:
Basic	$	.14	$	.09	$	.41	$	.28	$	.92
Diluted	$	.14	$	.09	$	.41	$	.28	$	.92
Weighted average shares outstanding:
Basic		6,244,088		6,244,051		6,245,099		6,246,571		6,245,057
Diluted		6,244,088		6,244,051		6,245,099		6,246,571		6,245,057

					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		8,461,473		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 (loss)/income		1,502,885		1,693,503		2,431,817		2,033,271		7,661,476
Net (loss)/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

Fiscal 2015 consisted of four 13 week quarters totaling 52 weeks for the year.  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.