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Consolidated Statements of Income - USD ($)
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Consolidated Statements of Income    
Net sales $ 240,403,114 $ 251,742,619
Cost of products sold (186,744,637) (189,890,070)
Gross margin 53,658,477 61,852,549
Product development expense (3,131,035) (6,024,567)
Selling and administrative expenses (35,439,858) (35,719,188)
Goodwill impairment loss (4,975,372) 0
Loss on disposition of subsidiary (2,158,863) 0
Restructuring costs (953,095) (2,650,940)
Operating profit 7,000,254 17,457,854
Interest expense (2,744,800) (1,857,961)
Other income 1,770,158 606,078
Income before income taxes 6,025,612 16,205,971
Income taxes 620,090 2,939,829
Net income $ 5,405,522 $ 13,266,142
Earnings per Share:    
Basic $ 0.87 $ 2.13
Diluted $ 0.86 $ 2.12