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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jan. 02, 2016
Jan. 03, 2015
Dec. 28, 2013
Operating Activities      
Net income $ 5,727,043 $ 7,661,476 $ 6,901,921
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,921,438 3,486,302 3,825,286
Unrecognized pension & postretirement benefits 1,384,605 (175,687) 95,728
Loss on sale of equipment and other assets 49,796 69,258 116,327
Provision for doubtful accounts 9,459 37,601 106,485
Issuance of Common Stock for directors' fees 64,992 29,994 22,505
Changes in operating assets and liabilities:      
Accounts receivable (852,168) (207,631) 1,776,744
Inventories (3,095,801) (2,825,155) (1,400,893)
Prepaid expenses 483,178 593,075 308,653
Recoverable taxes receivable 380,000 (380,000) 1,158,632
Other assets (106,081) (156,164) (76,426)
Accounts payable 1,182,124 998,502 (253,994)
Accrued compensation 28,426 185,724 (626,385)
Other accrued expenses (43,582) 29,889 (637,547)
Net cash provided by operating activities 9,133,429 9,347,184 11,317,036
Investing Activities      
Purchases of property, plant and equipment (2,538,236) (3,633,165) (5,523,742)
Proceeds from sale of equipment and other assets 25,000 22,500 2,839
Business acquisitions 0 (5,034,289) 0
Net cash used in investing activities (2,513,236) (8,644,954) (5,520,903)
Financing Activities      
Principal payments on long-term debt (1,071,428) (1,785,714) (1,428,571)
Proceeds from sales of Common Stock 0 271,600 13,580
Tax benefit from disqualifying dispositions of incentive stock options 0 8,882 0
Dividends paid (2,810,669) (2,987,480) (2,612,839)
Net cash used in financing activities (3,882,097) (4,492,712) (4,027,830)
Effect of exchange rate changes on cash (757,554) (363,435) (262,086)
Net change in cash and cash equivalents 1,980,542 (4,153,917) 1,506,217
Cash and cash equivalents at beginning of year 15,834,444 19,988,361 18,482,144
Cash and cash equivalents at end of year $ 17,814,986 $ 15,834,444 $ 19,988,361