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Consolidated Statements of Income - USD ($)
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Consolidated Statements of Income    
Net sales $ 246,522,823 $ 197,614,590
Cost of products sold (189,756,610) (149,527,553)
Gross margin 56,766,213 48,087,037
Product development expense (4,101,399) (2,749,333)
Selling and administrative expenses (35,218,028) (30,193,768)
Goodwill impairment loss   (972,823)
Restructuring costs 0 (665,861)
Operating profit 17,446,786 13,505,252
Interest expense (1,747,723) (2,058,600)
Other income 3,371,497 1,770,158
Income from continuing operations before income taxes 19,070,560 13,216,810
Income taxes (2,888,217) (2,181,891)
Net income from continuing operations 16,182,343 11,034,919
Discontinued Operations (see note 3)    
Gain (loss) from operations of discontinued units 2,870,588 (7,191,198)
Loss on sale of businesses (11,807,512) 0
Income tax benefit 2,103,752 1,561,801
Net loss on discontinued operations (6,833,172) (5,629,397)
Net income $ 9,349,171 $ 5,405,522
Earnings per Share from continuing operations:    
Basic $ 2.58 $ 1.77
Diluted 2.58 1.76
Loss per Share from discontinued operations:    
Basic (1.09) (0.90)
Diluted (1.09) (0.90)
Total Earnings per Share:    
Basic 1.49 0.87
Diluted 1.49 0.86
Cash dividends per share: $ 0.44 $ 0.44