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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Oct. 03, 2020
Sep. 28, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Net sales $ 65,805,558 $ 60,692,645 $ 179,964,582 $ 183,015,723
Cost of products sold (51,065,536) (45,754,911) (139,374,508) (139,243,164)
Gross margin 14,740,022 14,937,734 40,590,074 43,772,559
Product development expense (903,023) (825,425) (2,434,638) (5,240,004)
Selling and administrative expenses (9,592,569) (8,391,898) (27,452,391) (24,866,665)
Goodwill impairment loss 0 0 (4,002,548) 0
Restructuring costs (8,618) 0 (287,234) (2,651,877)
Operating profit 4,235,812 5,720,411 6,413,263 11,014,013
Interest expense (647,066) (420,377) (2,081,283) (974,536)
Other income 365,703 188,623 969,024 789,371
Income before income taxes 3,954,449 5,488,657 5,301,004 10,828,848
Income taxes 969,774 1,295,575 1,309,295 2,535,033
Net income $ 2,984,675 $ 4,193,082 $ 3,991,709 $ 8,293,815
Earnings per Share:        
Basic $ 0.48 $ 0.67 $ 0.64 $ 1.33
Diluted 0.48 0.67 0.64 1.33
Cash dividends per share: $ 0.11 $ 0.11 $ 0.33 $ 0.33