XML 25 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangibles
9 Months Ended
Oct. 01, 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 P
roducts
Segment
  
Total
  
Weighted-Average
Amortization Period
 (Years)
 
2016 Gross Amount
               
Patents and developed technology
 
$
2,176,425
  
$
1,068,518
  
$
--
  
$
3,244,943
   
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
 
$
2,176,425
  
$
2,232,594
  
$
--
  
$
4,409,019
   
12.5
 
                     
 
2016 Accumulated Amortization
                    
Patents and developed technology
 
$
1,513,977
  
$
620,635
  
$
--
  
$
2,134,612
     
Customer relationships
  
--
   
157,397
   
--
   
157,397
     
Non-compete agreements
  
--
   
142,450
   
--
   
142,450
     
Intellectual property
  
--
   
107,580
   
--
   
107,580
     
Accumulated Amortization
 
$
1,513,977
  
$
1,028,062
  
$
--
  
$
2,542,039
     
                     
Net October 1, 2016 per Balance Sheet
 
$
662,448
  
$
1,204,532
  
$
--
  
$
1,866,980
     
 
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
 
$
1,478,692
  
$
807,841
  
$
--
  
$
2,286,533
     
                     
Net January 2, 2016 per Balance Sheet
 
$
728,160
  
$
1,385,416
  
$
--
  
$
2,113,576