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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2018
Dec. 30, 2017
Current Assets    
Cash and cash equivalents $ 18,979,924 $ 22,275,477
Accounts receivable, less allowances: $667,000 - 2018; $389,000 - 2017 30,449,373 27,119,910
Inventories 49,889,085 47,268,757
Prepaid expenses and other assets 3,839,937 3,401,456
Total Current Assets 103,158,319 100,065,600
Property, Plant and Equipment 72,266,184 70,109,077
Accumulated depreciation (42,756,081) (41,075,121)
Property, Plant and Equipment, Net 29,510,103 29,033,956
Goodwill 34,874,518 32,228,891
Trademarks 3,686,064 3,686,063
Patents and other intangibles net of accumulated amortization 11,018,808 9,433,596
Deferred income taxes 1,840,724 2,010,291
Total other assets 51,420,114 47,358,841
TOTAL ASSETS 184,088,536 176,458,397
Current Liabilities    
Accounts payable 18,075,133 14,712,414
Accrued compensation 2,844,041 4,376,211
Other accrued expenses 4,046,863 3,606,057
Contingent liability 2,070,000 2,070,000
Current portion of long-term debt 7,550,000 6,550,000
Total Current Liabilities 34,586,037 31,314,682
Deferred income taxes 1,723,543 1,723,543
Other long-term liabilities 358,982 358,982
Long-term debt, less current portion 27,900,000 28,675,000
Accrued postretirement benefits 1,000,409 1,032,171
Accrued pension cost 25,994,635 26,423,429
Shareholders' Equity    
Preferred Stock, no par value: Authorized and unissued: 2,000,000 shares 0 0
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 8,961,640 shares in 2018 and 8,957,974 shares in 2017 29,715,945 29,501,123
Treasury Stock: 2,694,729 shares in 2018 and 2017 (19,105,723) (19,105,723)
Retained earnings 102,903,644 97,921,903
Accumulated other comprehensive income (loss):    
Foreign currency translation (1,217,511) (943,193)
Unrealized gain on interest rate swap, net of tax 268,402 41,757
Unrecognized net pension and other postretirement benefit costs, net of tax (20,039,828) (20,485,277)
Accumulated other comprehensive loss (20,988,937) (21,386,713)
Total Shareholders' Equity 92,524,929 86,930,590
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 184,088,536 $ 176,458,397