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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Operating Activities    
Net income $ 3,100,195 $ 1,517,141
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,150,204 955,614
Unrecognized pension and postretirement benefits 191,344 127,926
(Gain)/loss on sale of equipment and other assets 21,024 33,098
Provision for doubtful accounts 9,136 6,381
Issuance of Common Stock for directors' fees 107,099 41,509
Changes in operating assets and liabilities:    
Accounts receivable (3,514,532) (1,719,513)
Inventories (1,540,703) 1,689,822
Prepaid expenses and other (144,757) (84,755)
Other assets (90,073) (35,208)
Accounts payable 2,256,432 901,500
Accrued compensation (2,012,189) (1,321,648)
Other accrued expenses 562,695 279,730
Net cash provided by operating activities 95,875 2,391,597
Investing Activities    
Marketable securities 0 (215,923)
Capitalized software (733,842) 0
Purchases of property, plant and equipment (605,655) (487,169)
Net cash used in investing activities (1,339,497) (703,092)
Financing Activities    
Principal payments on long-term debt (4,387,500) (357,142)
Dividends paid (689,133) (688,340)
Net cash used in financing activities (5,076,633) (1,045,482)
Effect of exchange rate changes on cash 406,594 212,902
Net change in cash and cash equivalents (5,913,661) 855,925
Cash and cash equivalents at beginning of period 22,275,477 22,725,376
Cash and cash equivalents at end of period $ 16,361,816 $ 23,581,301