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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 29, 2018
Dec. 30, 2017
Current Assets    
Cash and cash equivalents $ 11,171,703 $ 22,275,477
Marketable securities 192,529 0
Accounts receivable, less allowances: $712,000 - 2018; $389,000 - 2017 30,515,259 27,119,910
Inventories 51,200,098 47,268,757
Prepaid expenses and other assets 3,629,899 3,401,456
Total Current Assets 96,709,488 100,065,600
Property, Plant and Equipment 73,315,481 70,267,515
Accumulated depreciation (43,605,003) (41,075,121)
Property, Plant and Equipment, Net 29,710,478 29,192,394
Goodwill 34,891,579 32,228,891
Trademarks 3,686,064 3,686,063
Patents and other intangibles net of accumulated amortization 10,698,635 9,275,158
Deferred income taxes 2,210,225 2,010,291
Total other assets 51,486,503 47,358,841
TOTAL ASSETS 177,906,469 176,458,397
Current Liabilities    
Accounts payable 17,032,269 14,712,414
Accrued compensation 4,124,769 4,376,211
Other accrued expenses 4,544,159 3,606,057
Contingent liability 2,070,000 2,070,000
Current portion of long-term debt 1,937,000 6,550,000
Total Current Liabilities 29,708,197 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 27,125,500 28,675,000
Accrued postretirement benefits 980,387 1,032,171
Accrued pension cost 22,849,651 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: 8,952,317 shares in 2018 and 8,957,974 shares in 2017 29,769,535 29,501,123
Treasury Stock: 2,705,939 shares in 2018 and 2,694,729 shares in 2017 (19,420,784) (19,105,723)
Retained earnings 106,061,448 97,921,903
Accumulated other comprehensive income (loss):    
Foreign currency translation (1,758,507) (943,193)
Unrealized gain on interest rate swap & marketable security, net of tax 325,620 41,757
Unrecognized net pension and other postretirement benefit costs, net of tax (19,817,103) (20,485,277)
Accumulated other comprehensive loss (21,249,990) (21,386,713)
Total Shareholders' Equity 95,160,209 86,930,590
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 177,906,469 $ 176,458,397