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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
Operating Activities      
Net income $ 7,785,323 $ 5,727,043 $ 7,661,476
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,814,393 3,921,438 3,486,302
Unrecognized pension & other postretirement benefits 931,554 1,384,605 (175,687)
Loss on sale of equipment and other assets 73,309 49,796 69,258
Provision for doubtful accounts 120,252 9,459 37,601
Issuance of Common Stock for directors' fees 149,572 64,992 29,994
Changes in operating assets and liabilities:      
Accounts receivable (1,062,654) (852,168) (207,631)
Inventories 2,514,371 (3,095,801) (2,825,155)
Prepaid expenses 217,389 483,178 593,075
Recoverable tax receivable 0 380,000 (380,000)
Other assets (84,626) (106,081) (156,164)
Accounts payable (1,755,159) 1,182,124 998,502
Accrued compensation 261,231 28,426 185,724
Other accrued expenses (549,715) (43,582) 29,889
Net cash provided by operating activities 12,415,240 9,133,429 9,347,184
Investing Activities      
Purchases of property, plant and equipment (2,863,470) (2,538,236) (3,633,165)
Proceeds from sale of equipment and other assets 8,350 25,000 22,500
Business acquisitions 0 0 (5,034,289)
Net cash used in investing activities (2,855,120) (2,513,236) (8,644,954)
Financing Activities      
Principal payments on long-term debt (1,428,571) (1,071,428) (1,785,714)
Proceeds from sales of Common Stock 0 0 271,600
Tax benefit from disqualifying dispositions of incentive stock options 0 0 8,882
Dividends paid (2,751,148) (2,810,669) (2,987,480)
Net cash used in financing activities (4,179,719) (3,882,097) (4,492,712)
Effect of exchange rate changes on cash (470,011) (757,554) (363,435)
Net change in cash and cash equivalents 4,910,390 1,980,542 (4,153,917)
Cash and cash equivalents at beginning of year 17,814,986 15,834,444 19,988,361
Cash and cash equivalents at end of year $ 22,725,376 $ 17,814,986 $ 15,834,444