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Intangibles
3 Months Ended
Apr. 02, 2016
Intangibles [Abstract]  
Intangibles
Note H – Intangibles

The gross carrying amount and accumulated amortization of amortizable intangible assets:

   
Industrial Hardware Segment
  
Security Products Segment
  
Metal Products Segment
  
Total
  
Weighted-Average Amortization Period (Years)
 
2016 Gross Amount
               
Patents and developed technology
 
$
2,262,367
  
$
1,030,701
  
$
--
  
$
3,293,068
   
15.9
 
Customer relationships
  
--
   
449,706
   
--
   
449,706
   
5.0
 
Non-compete agreements
  
--
   
407,000
   
--
   
407,000
   
5.0
 
Intellectual property
  
--
   
307,370
   
--
   
307,370
   
5.0
 
Total Gross Intangibles
 
$
2,262,367
  
$
2,194,777
  
$
--
  
$
4,457,144
   
12.6
 
                     
2016 Accumulated Amortization
                    
Patents and developed technology
 
$
1,543,456
  
$
590,070
  
$
--
  
$
2,133,526
     
Customer relationships
  
--
   
112,426
   
--
   
112,426
     
Non-compete agreements
  
--
   
101,750
   
--
   
101,750
     
Intellectual property
  
--
   
76,843
   
--
   
76,843
     
Accumulated Amortization
 
$
1,543,456
  
$
881,089
  
$
--
  
$
2,424,545
     
                     
Net April 2, 2016 per Balance Sheet
 
$
718,911
  
$
1,313,688
  
$
--
  
$
2,032,599
     

2015 Gross Amount
               
Patents and developed technology
 
$
2,206,852
  
$
1,029,181
  
$
--
  
$
3,236,033
   
15.9
 
Customer relationships
  
--
   
449,706
   
--
   
449,706
   
5.0
 
Non-compete agreements
  
--
   
407,000
   
--
   
407,000
   
5.0
 
Intellectual property
  
--
   
307,370
   
--
   
307,370
   
5.0
 
Total Gross Intangibles
 
$
2,206,852
  
$
2,193,257
  
$
--
  
$
4,400,109
   
12.6
 
                     
2015 Accumulated Amortization
                    
Patents and developed technology
 
$
1,478,692
  
$
575,026
  
$
--
  
$
2,053,718
     
Customer relationships
  
--
   
89,941
   
--
   
89,941
     
Non-compete agreements
  
--
   
81,400
   
--
   
81,400
     
Intellectual property
  
--
   
61,474
   
--
   
61,474
     
Accumulated Amortization
 
$
1,478692
  
$
807,841
  
$
--
  
$
2,286,533
     
                     
Net January 2, 2016 per Balance Sheet
 
$
728,160
  
$
1,385,416
  
$
--
  
$
2,113,576