Retirement Benefit Plans (Tables)

6 Months Ended

Jul. 03, 2021

Retirement Benefit Plans

Schedule of Significant Disclosures Relating to Benefit Plans

	Pension Benefits
	Three Months Ended						Six Months Ended
	July 3, 2021			June 27, 2020			July 3, 2021			June 27, 2020
Service cost	$	271,835		$	266,434		$	543,668		$	532,870
Interest cost		504,254			714,142			1,008,509			1,428,285
Expected return on plan assets		(1,448,675	)		(1,365,262	)		(2,897,349	)		(2,730,523	)
Amortization of prior service cost		24,845			24,845			49,690			49,690
Amortization of the net loss		432,536			325,034			865,075			650,068
Net periodic benefit	$	(215,205	)	$	(34,807	)	$	(430,407	)	$	(69,610	)

	Postretirement Benefits						Postretirement Benefits
	Three Months Ended						Six Months Ended
	July 3, 2021			June 27, 2020			July 3, 2021			June 27, 2020
Service cost	$	13,626		$	10,855		$	27,252		$	21,710
Interest cost		9,842			11,667			19,684			23,334
Expected return on plan assets		(6,420	)		(5,589	)		(12,840	)		(11,178	)
Gain on significant event		-			-			-			-
Amortization of prior service cost		-			(2,063	)		-			(4,126	)
Amortization of the net loss		(3,094	)		(6,377	)		(6,188	)		(12,754	)
Net periodic benefit cost	$	13,954		$	8,493		$	27,908		$	16,986

Schedule of Defined Contribution Plan

	Three Months Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Regular matching contribution	$	144,081	$	132,016	$	297,397	$	294,808
Transitional credit contribution		33,102		40,529		75,870		95,200
Non-discretionary contribution		14,895		12,390		362,484		371,613
Total contributions for the period	$	192,078	$	184,935	$	735,751	$	761,621