Retirement Benefit Plans (Tables)

6 Months Ended

Jul. 02, 2016

Retirement Benefit Plans [Abstract]

Schedule of assumptions used to determine net periodic benefit cost for benefit plans

The Company uses April 30, 2016 as the remeasurement date.  Assumptions used to determine the projected benefits obligations for the Salaried Plan for the measurement date indicated follows:

Measurement Date	April 30, 2016			December 31, 2015
Discount rate		3.69	%		4.24	%
Expected rate of return		8.0	%		8.0	%
Rate of compensation increase		--			3.25	%

Funded status of pension benefit plans

The major components of this change are as follows:

	April 30, 2016
Discount rate	$	4,383,159
Service cost		770,361
Interest cost		818,565
Actuarial loss		611,693
Benefits paid		(1,026,898	)
Additional recognition due to significant event		(2,534,589	)
Net increase in pension benefit obligation	$	3,022,291

Significant disclosures relating to benefit plans

Significant disclosures relating to these benefit plans for the second quarter and first six months of fiscal 2016 and 2015 follow:

	Pension Benefits
	Six Months Ended						Three Months Ended
	July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Service cost	$	1,341,557		$	1,929,975		$	528,552		$	964,988
Interest cost		1,774,343			1,718,476			1,007,763			859,217
Expected return on plan assets		(2,482,172	)		(2,575,828	)		(1,238,231	)		(1,287,914	)
Amortization of prior service cost		100,284			109,293			50,141			54,646
Amortization of the net loss		1,042,148			945,456			415,093			472,728
Net periodic benefit cost	$	1,776,160		$	2,127,372		$	763,318		$	1,063,665

	Postretirement Benefits
	Six Months Ended						Three Months Ended
	July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Service cost	$	14,650		$	108,785		$	3,900		$	54,393
Interest cost		47,436			77,458			26,936			38,729
Expected return on plan assets		(23,766	)		(45,968	)		(12,016	)		(22,984	)
Amortization of prior service cost		(11,945	)		(11,944	)		(5,945	)		(5,972	)
Amortization of the net loss		(46,961	)		9,402			(33,461	)		4,701
Net periodic benefit cost	$	(20,586	)	$	137,733		$	(20,586	)	$	68,867