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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 02, 2021
Jan. 02, 2021
Current Assets    
Cash and cash equivalents $ 8,703,386 $ 15,320,776
Accounts receivable, less allowances: 2021 - $583,891; 2020 - $486,707 41,295,019 31,804,207
Inventories 56,698,552 43,121,737
Current portion of notes receivable 588,926 398,414
Prepaid expenses and other assets 7,314,511 3,152,720
Current assets held for sale 35,044,564 17,937,918
Total Current Assets 149,644,958 111,735,772
Property, Plant and Equipment 50,934,225 52,173,305
Accumulated depreciation (26,031,846) (25,976,187)
Property, Plant and Equipment, Net 24,902,379 26,197,118
Goodwill 70,992,398 70,994,178
Trademarks 5,393,868 5,404,284
Patents and other intangibles net of accumulated amortization 23,803,304 27,089,071
Long term notes receivable, less current portion 791,802 1,677,277
Right of Use Assets 11,774,102 12,594,663
Long-term assets held for sale 0 19,894,688
Total Other Assets 112,755,474 137,654,161
TOTAL ASSETS 287,302,811 275,587,051
Current Liabilities    
Accounts payable 31,480,819 21,311,619
Accrued compensation 4,182,611 3,474,686
Other accrued expenses 1,648,486 3,362,032
Current portion of lease liability 2,785,950 2,798,712
Current portion of long-term debt 7,500,000 6,437,689
Current liabilities held for sale 7,086,138 3,281,225
Total Current Liabilities 54,684,004 40,665,963
Deferred income taxes 2,957,771 2,957,771
Other long-term liabilities 1,068,580 1,144,126
Lease liability 9,159,274 9,834,853
Long-term debt, less current portion 76,772,649 82,255,803
Accrued postretirement benefits 1,138,148 1,185,139
Accrued pension cost 29,132,453 33,188,623
Long-term liabilities held for sale 0 48,315
Total Liabilities 174,912,879 171,280,593
Shareholders' Equity    
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 9,024,909 shares in 2021 and 8,996,625 shares in 2020 32,591,987 31,501,041
Treasury Stock: 2,749,729 shares in 2021 and 2,749,729 shares in 2020 (20,537,961) (20,537,962)
Retained earnings 128,480,870 122,840,131
Accumulated other comprehensive income (loss):    
Foreign currency translation 715,026 953,863
Unrealized loss on interest rate swap, net of tax (789,368) (1,391,592)
Unrecognized net pension and postretirement benefit costs, net of tax (28,070,622) (29,059,023)
Accumulated other comprehensive loss (28,144,964) (29,496,752)
Total Shareholders' Equity 112,389,932 104,306,458
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 287,302,811 $ 275,587,051