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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Operating Activities    
Net income $ 648,073 $ 873,951
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 928,136 959,857
Unrecognized pension & postretirement benefits 851,929 848,173
Loss on sale of equipment and other assets 19,780 0
Issuance of Common Stock for directors' fees 39,601 7,498
Changes in operating assets and liabilities:    
Accounts receivable (339,041) (2,317,994)
Inventories 1,254,683 33,403
Prepaid expenses and other (127,991) (140,975)
Recoverable income taxes receivable 0 380,000
Other assets (19,977) 57,208
Accounts payable (1,336,219) (14,302)
Accrued compensation (1,099,262) (1,349,334)
Other accrued expenses (161,982) 989,385
Net cash provided by operating activities 657,730 326,870
Investing Activities    
Purchases of property, plant and equipment (338,270) (820,161)
Net cash used in investing activities (338,270) (820,161)
Financing Activities    
Principal payments on long-term debt (714,285) (357,142)
Dividends paid (687,439) (686,841)
Net cash used in financing activities (1,401,724) (1,043,983)
Effect of exchange rate changes on cash (4,636) (161,879)
Net change in cash and cash equivalents (1,086,900) (1,699,153)
Cash and cash equivalents at beginning of period 17,814,986 15,834,444
Cash and cash equivalents at end of period $ 16,728,086 $ 14,135,291