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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 27, 2020
Dec. 28, 2019
Current Assets    
Cash and cash equivalents $ 19,986,055 $ 17,996,505
Marketable securities 25,916 34,305
Accounts receivable, less allowances: 2020 - $693,000;2019 - $556,000 33,580,263 37,941,900
Inventories 55,908,740 54,599,266
Current portion of note receivable 221,348 0
Prepaid expenses and other assets 3,668,863 4,343,507
Total Current Assets 113,391,185 114,915,483
Property, Plant and Equipment 87,020,830 88,336,243
Accumulated depreciation (47,313,479) (46,313,630)
Property, Plant and Equipment, Net 39,707,351 42,022,613
Goodwill 75,440,535 79,518,012
Trademarks 5,404,283 5,404,283
Patents and other intangibles net of accumulated amortization 25,012,787 26,460,110
Long term note receivable, less current portion 1,030,595 0
Right of Use Assets 11,384,763 12,342,475
Total other assets 118,272,963 123,724,880
TOTAL ASSETS 271,371,499 280,662,976
Current Liabilities    
Accounts payable 18,942,706 19,960,507
Accrued compensation 2,044,562 3,815,186
Other accrued expenses 4,849,785 2,967,961
Current portion of long-term debt 5,187,689 5,187,689
Total Current Liabilities 31,024,742 31,931,343
Deferred income taxes 4,374,343 5,270,465
Other long-term liabilities 2,465,260 2,465,261
Lease liability 11,384,763 12,342,475
Long-term debt, less current portion 90,954,799 93,577,544
Accrued postretirement benefits 1,000,476 1,007,146
Accrued pension cost 27,388,381 28,631,485
Shareholders' Equity    
Voting Preferred Stock, no par value: Authorized and unissued: 1,000,000 shares 0 0
Nonvoting Preferred Stock, no par value: Authorized and unissued: 1,000,000 shares 0 0
Common Stock, no par value, Authorized: 50,000,000 shares, Issued: 8,987,324 shares in 2020 and 8,975,434 shares in 2019, Outstanding: 6,237,595 shares in 2020 and 6,240,705 shares in 2019 31,100,484 30,651,815
Treasury Stock: 2,749,729 shares in 2020 and 2,734,729 shares in 2019 (20,537,962) (20,169,098)
Retained earnings 119,310,219 120,189,111
Accumulated other comprehensive loss:    
Foreign currency translation (2,564,356) (2,037,952)
Unrealized gain on marketable securities, net of tax (6,796) (471)
Unrealized gain (loss) on interest rate swap, net of tax (1,679,808) 167,489
Unrecognized net pension and postretirement benefit costs, net of tax (22,843,046) (23,363,637)
Accumulated other comprehensive loss (27,094,006) (25,234,571)
Total Shareholders' Equity 102,778,735 105,437,257
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 271,371,499 $ 280,662,976