Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Jan. 02, 2016
Current Assets
Cash and cash equivalents	$ 22,725,376	$ 17,814,986
Accounts receivable, less allowances of $430,000 in 2016 and $450,000 in 2015	18,135,792	17,502,445
Inventories:
Raw materials and component parts	8,829,236	10,913,827
Work in process	7,118,149	7,681,576
Finished goods	18,082,901	18,247,010
Inventories, net	34,030,286	36,842,413
Prepaid expenses and other assets	1,858,471	2,122,215
Deferred income taxes	947,001	986,167
Total Current Assets	77,696,926	75,268,226
Property, Plant and Equipment
Land	1,159,901	1,159,732
Buildings	16,303,521	16,072,536
Machinery and equipment	47,447,649	46,205,973
Accumulated depreciation	(38,745,557)	(36,636,775)
Property, Plant and Equipment, Net	26,165,514	26,801,466
Other Assets
Goodwill	14,819,835	14,790,793
Trademarks	166,312	164,957
Patents, technology, and other intangibles net of accumulated amortization	1,764,449	2,113,576
Deferred income taxes	3,585,360	2,599,541
Total Other Assets	20,335,956	19,668,867
TOTAL ASSETS	124,198,396	121,738,559
Current Liabilities
Accounts payable	7,048,174	9,109,394
Accrued compensation	3,112,404	2,873,871
Other accrued expenses	1,812,647	1,751,052
Current portion of long-term debt	892,857	1,428,571
Total Current Liabilities	12,866,082	15,162,888
Other long-term liabilities	288,805	286,920
Long-term debt, less current portion	892,857	1,785,714
Accrued other postretirement benefits	1,051,700	793,055
Accrued pension cost	26,631,438	24,304,926
Commitments and contingencies (See Note 4)
Shareholders' Equity
Voting Preferred Stock, no par value: Authorized and unissued: 1,000,000 shares
Nonvoting Preferred Stock, no par value: Authorized and unissued: 1,000,000 shares
Common Stock, no par value: Authorized: 50,000,000 shares Issued: 8,950,827 shares in 2016 and 8,942,461 shares in 2015 Outstanding: 6,256,098 shares in 2016 and 6,247,732 shares in 2015	29,146,622	28,997,050
Treasury Stock: 2,694,729 shares in 2016 and 2015	(19,105,723)	(19,105,723)
Retained earnings	95,631,216	90,597,041
Accumulated other comprehensive income (loss):
Foreign currency translation	(2,165,081)	(1,154,098)
Unrecognized net pension and other postretirement benefit costs, net of taxes	(21,039,520)	(19,929,214)
Accumulated other comprehensive loss	(23,204,601)	(21,083,312)
Total Shareholders' Equity	82,467,514	79,405,056
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 124,198,396	$ 121,738,559