ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 30, 2017

ACCOUNTING POLICIES [Abstract]

Gross carrying amount and accumulated amortization of amortizable intangible assets

Trademarks are not amortized as their lives are deemed to be indefinite.

	IndustrialHardwareSegment		SecurityProductsSegment		MetalProductsSegment		Total		Weighted-AverageAmortization Period (Years)
2017 Gross Amount
Patents and developed technology	$	7,074,456	$	1,021,918	$	—	$	8,096,374		12.3
Customer relationships		3,650,000		449,706		—		4,099,706		9.5
Non-compete agreements		—		407,000		—		407,000		5.0
Intellectual property		—		307,370		—		307,370		5.0
Total Gross Intangibles	$	10,724,456	$	2,185,994	$	—	$	12,910,450		10.8
2017 Accumulated Amortization
Patents and developed technology	$	2,007,418	$	630,784	$	—	$	2,638,202
Customer relationships		298,645		269,823		—		568,468
Non-compete agreements		—		244,200		—		244,200
Intellectual property		—		184,422		—		184,422
Accumulated Amortization	$	2,306,063	$	1,329,229	$	—	$	3,635,292
Net 2017 per Balance Sheet	$	8,418,393	$	856,765	$	—	$	9,275,158
2016 Gross Amount
Patents and developed technology	$	2,159,060	$	1,035,374	$	—	$	3,194,434		15.6
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	$	2,159,060	$	2,199,450	$	—	$	4,358,510		12.3

	IndustrialHardwareSegment		SecurityProductsSegment		MetalProductsSegment		Total		Weighted-AverageAmortization Period (Years)
2016 Accumulated Amortization
Patents and developed technology	$	1,529,675	$	598,756	$	—	$	2,128,431
Customer relationships		—		179,882		—		179,882
Non-compete agreements		—		162,800		—		162,800
Intellectual property		—		122,948		—		122,948
Accumulated Amortization	$	1,529,675	$	1,064,386	$	—	$	2,594,061
Net 2016 per Balance Sheet	$	629,385	$	1,135,064	$	—	$	1,764,449

Roll-forward of goodwill

The following is a roll-forward of goodwill for 2017 and 2016:

	IndustrialHardwareSegment		SecurityProductsSegment		MetalProductsSegment		Total
2017
Beginning balance	$	1,760,793	$	13,059,042	$	—	$	14,819,835
Investment in Velvac		17,340,946		—		—		17,340,946
Foreign exchange		68,110		—		—		68,110
Ending balance	$	19,169,849	$	13,059,042	$	—	$	32,228,891

	IndustrialHardwareSegment		SecurityProductsSegment		MetalProductsSegment		Total
2016
Beginning balance	$	1,731,751	$	13,059,042	$	—	$	14,790,793
Foreign exchange		29,042		—		—		29,042
Ending balance	$	1,760,793	$	13,059,042	$	—	$	14,819,835

Denominators used in the earnings per share computations

The denominators used in the earnings per share computations follow:

	2017		2016		2015
Basic:
Weighted average shares outstanding		6,259,139		6,251,535		6,245,057
Diluted:
Weighted average shares outstanding		6,259,139		6,251,535		6,245,057
Dilutive stock options		35,634		—		—
Denominator for diluted earnings per share		6,294,773		6,251,535		6,245,057