SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 30, 2017

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) [Abstract]

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

13. Selected Quarterly Financial Information (Unaudited)

Selected quarterly financial information (unaudited) follows:

					2017
	First		Second		Third		Fourth			Year
Net sales	$	36,043,295	$	58,044,743	$	56,007,937	$	54,143,638		$	204,239,613
Gross margin		8,744,579		15,513,994		11,949,531		13,842,715			50,050,819
Engineering expenses		630,411		1,682,887		1,848,861		1,460,670			5,622,829
Selling and administrative     expenses		5,877,968		11,344,223		6,527,029		8,402,069			32,151,289
Net (loss)/income		1,517,141		1,466,402		2,230,481		(168,769	)		5,045,255
Net (loss)/income per share:
Basic	$	.24	$	.23	$	.36	$	(.03	)	$	.81
Diluted	$	.24	$	.23	$	.35	$	(.03	)	$	.80
Weighted average shares outstanding:
Basic		6,256,496		6,258,467		6,259,872		6,261,737			6,259,139
Diluted		6,256,496		6,285,339		6,296,551		6,297,371			6,294,773

					2016
	First		Second		Third		Fourth		Year
Net sales	$	33,101,657	$	36,883,312	$	33,478,347	$	34,144,942	$	137,608,258
Gross margin		6,908,308		9,202,180		9,372,742		10,862,980		36,346,210
Engineering expenses		594,538		733,009		663,704		577,056		2,568,307
Selling and administrative     expenses		5,352,906		5,363,303		5,444,924		6,480,898		22,642,031
Net income		648,073		2,087,837		2,400,064		2,649,349		7,785,323
Net income per share:
Basic	$	.10	$	.33	$	.38	$	.42	$	1.25
Diluted	$	.10	$	.33	$	.38	$	.42	$	1.25
Weighted average shares outstanding:
Basic		6,248,222		6,250,610		6,252,681		6,254,605		6,251,535
Diluted		6,248,222		6,250,610		6,252,681		6,254,605		6,251,535

Fiscal 2017 and 2016 consisted of four 13 week quarters totaling 52 weeks for the year.