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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)    
Net sales $ 73,097,875 $ 65,325,616
Cost of products sold (55,839,321) (50,663,943)
Gross margin 17,258,554 14,661,673
Product development expense (838,825) (775,444)
Selling and administrative expenses (10,485,520) (10,024,958)
Operating profit 5,934,209 3,861,271
Interest expense (702,859) (827,664)
Other income 2,426,741 744,793
Income before income taxes 7,658,091 3,778,400
Income taxes (1,817,264) (882,583)
Net income $ 5,840,827 $ 2,895,817
Earnings per share:    
Basic $ 0.93 $ 0.46
Diluted 0.93 0.46
Cash dividends per share: $ 0.11 $ 0.11