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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Operating Activities    
Net income $ 14,505,937 $ 5,045,255
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,329,208 4,719,185
Unrecognized pension & other postretirement benefits (2,226,083) 326,706
Loss on sale of equipment and other assets (413,333) (369,128)
Provision for doubtful accounts 185,136 55,284
Deferred taxes 947,851 1,198,020
Stock compensation expense 493,767 354,501
Changes in operating assets and liabilities:    
Accounts receivable (3,483,484) (2,574,823)
Inventories (5,356,646) 152,130
Prepaid expenses (761,135) (1,709,241)
Other assets 102,068 709,757
Accounts payable 4,106,130 892,439
Accrued compensation (165,828) 911,572
Other accrued expenses (387,526) 1,468,525
Net cash provided by operating activities 12,876,062 11,180,182
Investing Activities    
Purchases of property, plant and equipment (3,596,572) (2,762,949)
Capitalized software (1,813,973) 0
Proceeds from sale of equipment and other assets 0 44,100
Business acquisitions, net of cash acquired (4,994,685) (40,078,000)
Net cash used in investing activities (10,405,230) (42,796,849)
Financing Activities    
Proceeds from issuance of long-term debt 0 31,000,000
Principal payments on long-term debt (1,550,000) (2,560,714)
Proceeds from short-term borrowing (Revolver) 7,000,000 6,614,611
Payments on revolving credit note (12,000,000) (1,614,611)
Purchase Common Stock for Treasury (1,063,375) 0
Dividends paid (2,756,478) (2,754,568)
Net cash used in financing activities (10,369,853) 30,684,718
Effect of exchange rate changes on cash (450,691) 482,049
Net change in cash and cash equivalents (8,349,712) (449,899)
Cash and cash equivalents at beginning of year 22,275,477 22,725,376
Cash and cash equivalents at end of year $ 13,925,765 $ 22,275,477