Retirement Benefit Plans (Tables)

9 Months Ended

Oct. 01, 2016

Retirement Benefit Plans [Abstract]

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

The Company used 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 third quarter and first nine months of fiscal 2016 and 2015 follow:

	Pension Benefits
	Nine Months Ended						Three Months Ended
	October 1, 2016			October 3, 2015			October 1, 2016			October 3, 2015
Service cost	$	1,612,278		$	2,894,960		$	270,721		$	964,985
Interest cost		2,541,968			2,577,715			767,625			859,239
Expected return on plan assets		(3,603,483	)		(3,863,742	)		(1,121,311	)		(1,287,914	)
Amortization of prior service cost		150,427			163,940			50,143			54,647
Amortization of the net loss		1,319,617			1,418,182			277,469			472,726
Net periodic benefit cost	$	2,020,807		$	3,191,055		$	244,647		$	1,063,683

	Postretirement Benefits
	Nine Months Ended						Three Months Ended
	October 1, 2016			October 3, 2015			October 1, 2016			October 3, 2015
Service cost	$	21,975		$	163,178		$	7,325		$	54,393
Interest cost		71,154			116,186			23,718			38,728
Expected return on plan assets		(35,649	)		(68,952	)		(11,883	)		(22,984	)
Amortization of prior service cost		(17,918	)		(17,916	)		(5,973	)		(5,972	)
Amortization of the net loss		(70,441	)		14,103			(23,480	)		4,701
Net periodic benefit cost	$	(30,879	)	$	206,599		$	(10,293	)	$	68,866