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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 03, 2021
Jan. 02, 2021
Current Assets    
Cash and cash equivalents $ 16,890,642 $ 15,291,825
Marketable securities 29,121 28,951
Accounts receivable, less allowances: 2021 - $564,061; 2020 - $486,707 35,109,931 31,804,207
Inventories 48,830,376 43,121,737
Current portion of notes receivable 459,863 398,414
Prepaid expenses and other assets 6,470,105 3,152,720
Current assets held for sale 33,268,203 17,937,918
Total Current Assets 141,058,241 111,735,772
Property, Plant and Equipment 51,395,884 52,173,305
Accumulated depreciation (25,381,312) (25,976,187)
Property, Plant and Equipment, Net 26,014,572 26,197,118
Goodwill 71,061,057 70,994,178
Trademarks 5,404,284 5,404,284
Patents and other intangibles net of accumulated amortization 24,908,099 27,089,071
Long term notes receivable, less current portion 985,916 1,677,277
Right of Use Assets 12,109,866 12,594,663
Long-term assets held for sale 0 19,894,688
Other Assets 114,469,222 137,654,161
TOTAL ASSETS 281,542,035 275,587,051
Current Liabilities    
Accounts payable 27,223,679 21,311,619
Accrued compensation 3,364,766 3,474,686
Other accrued expenses 3,496,332 3,362,032
Current portion of lease liability 2,951,252 2,798,712
Current portion of long-term debt 7,687,689 6,437,689
Current liabilities held for sale 5,697,064 3,281,225
Total Current Liabilities 50,420,782 40,665,963
Deferred income taxes 2,957,771 2,957,771
Other long-term liabilities 1,144,127 1,144,126
Lease liability 9,367,281 9,834,853
Long-term debt, less current portion 78,672,380 82,255,803
Accrued postretirement benefits 1,154,279 1,185,139
Accrued pension cost 30,929,978 33,188,623
Long-term liabilities held for sale 0 48,315
Total Liabilities 174,646,598 171,280,593
Shareholders' Equity    
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 9,018,483 shares in 2021 and 8,996,625 shares in 2020 Outstanding: 6,268,754 shares in 2021 and 6,246,896 shares in 2020 32,181,055 31,501,041
Treasury Stock: 2,749,729 shares in 2021 and 2,749,729 shares in 2020 (20,537,962) (20,537,962)
Retained earnings 123,324,953 122,840,131
Accumulated other comprehensive income (loss):    
Foreign currency translation 1,238,658 953,863
Unrealized loss on marketable securities, net of tax (4,379) (4,507)
Unrealized loss on interest rate swap, net of tax (889,938) (1,387,085)
Unrecognized net pension and postretirement benefit costs, net of tax (28,416,950) (29,059,023)
Accumulated other comprehensive loss (8,072,609) (29,496,752)
Total Shareholders' Equity 106,895,437 104,306,458
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 281,542,035 $ 275,587,051