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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 28, 2019
Dec. 29, 2018
Current Assets    
Cash and cash equivalents $ 11,983,328 $ 13,925,765
Marketable securities 33,759 0
Accounts receivable, less allowances: $546,000 - 2019; $680,000 -2018 43,536,854 30,285,316
Inventories 52,761,230 52,773,209
Prepaid expenses and other assets 4,421,384 3,071,888
Refundable taxes 1,081,011 1,133,847
Total Current Assets 113,817,566 101,190,025
Property, Plant and Equipment 87,406,814 73,768,615
Accumulated depreciation (46,563,361) (43,915,238)
Property, Plant and Equipment, Net 40,843,453 29,853,377
Goodwill 78,965,485 34,840,376
Trademarks 5,479,063 3,686,063
Patents and other intangibles net of accumulated amortization 28,454,738 10,281,720
Right of Use Assets 10,280,814 0
Deferred income taxes 1,396,006 1,396,006
Total other assets 124,576,106 50,204,165
TOTAL ASSETS 279,237,125 181,247,567
Current Liabilities    
Accounts payable 20,457,927 18,497,626
Accrued compensation 3,579,677 4,159,808
Other accrued expenses 6,134,991 3,095,666
Contingent Liability 0 2,070,000
Current portion of long-term debt 5,187,689 2,325,000
Total Current Liabilities 35,360,284 30,148,100
Deferred income taxes 8,630,744 1,516,012
Other long-term liabilities 1,703,535 353,856
Lease Liability 10,280,814 0
Long-term debt, less current portion 94,852,921 26,350,000
Accrued postretirement benefits 326,489 648,635
Accrued pension cost 24,470,438 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: 8,973,046 shares in 2019 and 8,965,987 shares in 2018 Outstanding: 6,238,317 in 2019 and 6,231,258 in 2018 30,440,228 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 115,906,469 109,671,362
Accumulated other comprehensive income (loss):    
Foreign currency translation (2,452,986) (2,106,329)
Unrealized loss on marketable securities, net of tax (882) 0
Unrealized gain (loss) on interest rate swap, net of tax (104,422) 166,444
Unrecognized net pension and postretirement benefit costs, net of tax (20,007,409) (20,688,630)
Accumulated other comprehensive loss (22,565,699) (22,628,515)
Total Shareholders' Equity 103,611,900 96,868,639
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 279,237,125 $ 181,247,567