RETIREMENT BENEFIT PLANS (Tables)

9 Months Ended

Oct. 03, 2020

RETIREMENT BENEFIT PLANS

Schedule of Significant Disclosures Relating to Benefit Plans

	Pension Benefits
	Three Months Ended						Nine Months Ended
	October 3, 2020			September 28, 2019			October 3, 2020			September 28, 2019
Service cost	$	266,435		$	263,852		$	799,305		$	791,558
Interest cost		714,143			879,080			2,142,428			2,637,240
Expected return on plan assets		(1,365,261	)		(1,190,329	)		(4,095,784	)		(3,570,990	)
Amortization of prior service cost		24,845			24,845			74,535			74,535
Amortization of the net loss		325,033			290,548			975,101			871,647
Net periodic benefit cost (benefit)	$	(34,805	)	$	267,996		$	(104,415	)	$	803,990

	Postretirement Benefits
	Three Months Ended						Nine Months Ended
	October 3, 2020			September 28, 2019			October 3, 2020			September 28, 2019
Service cost		10,855			8,533			32,565			24,965
Interest cost		11,667			1,874			35,001			42,566
Expected return on plan assets		(5,589	)		7,938			(16,767	)		(21,025	)
Gain on significant event		—			(227,071	)		—			(227,071	)
Amortization of prior service cost		(2,063	)		(1,268	)		(6,189	)		(3,804	)
Amortization of the net loss		(6,377	)		5,560			(19,131	)		(35,454	)
Net periodic benefit cost (benefit)	$	8,493		$	(204,434	)	$	25,479		$	(219,823	)

Schedule of Defined Contribution Plan

	Three Months Ended				Nine Months Ended
	October 3, 2020		September 28, 2019		October 3, 2020		September 28, 2019
Regular matching contribution	$	178,244	$	125,266	$	551,765	$	418,329
Transitional credit contribution		62,842		62,464		209,191		240,840
Non-discretionary contribution		13,036		17,390		593,084		622,519
Total contributions for the period	$	254,122	$	205,120	$	1,354,040	$	1,281,688