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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 30, 2019
Dec. 29, 2018
Current Assets    
Cash and cash equivalents $ 13,547,289 $ 13,925,765
Marketable securities 91,400 0
Accounts receivable, less allowances: $488,000 - 2019; $680,000 -2018 32,441,064 30,285,316
Inventories 51,621,166 52,773,209
Prepaid expenses and other assets 3,224,308 3,071,888
Refundable taxes 1,133,847 1,133,847
Total Current Assets 102,059,074 101,190,025
Property, Plant and Equipment 73,809,062 73,768,615
Accumulated depreciation (44,929,090) (43,915,238)
Property, Plant and Equipment, Net 28,879,972 29,853,377
Goodwill 34,776,299 34,840,376
Trademarks 3,686,063 3,686,063
Patents and other intangibles net of accumulated amortization 10,010,507 10,281,720
Right of Use Assets 10,623,392 0
Deferred income taxes 1,396,006 1,396,006
Total other assets 60,492,267 50,204,165
TOTAL ASSETS 191,431,313 181,247,567
Current Liabilities    
Accounts payable 18,618,983 18,497,626
Accrued compensation 2,446,665 4,159,808
Other accrued expenses 3,335,187 3,095,666
Contingent Liability 2,070,000 2,070,000
Current portion of long-term debt 2,712,500 2,325,000
Total Current Liabilities 29,183,335 30,148,100
Deferred income taxes 1,516,012 1,516,012
Other long-term liabilities 353,856 353,856
Lease liability 10,623,392 0
Long-term debt, less current portion 25,575,000 26,350,000
Accrued postretirement benefits 633,903 648,635
Accrued pension cost 25,141,258 25,362,325
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: 8,968,106 shares in 2019 and 8,965,987 shares in 2018 30,099,883 29,994,890
Treasury Stock: 2,734,729 shares in 2019 and 2,734,729 shares in 2018 (20,169,098) (20,169,098)
Retained earnings 110,555,582 109,671,362
Accumulated other comprehensive income (loss):    
Foreign currency translation (1,693,705) (2,106,329)
Unrealized loss on marketable securities, net of tax (10,639) 0
Unrealized gain on interest rate swap, net of tax 88,483 166,444
Unrecognized net pension and postretirement benefit costs, net of tax (20,465,949) (20,688,630)
Accumulated other comprehensive loss (22,081,810) (22,628,515)
Total Shareholders' Equity 98,404,558 96,868,639
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 191,431,313 $ 181,247,567