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Consolidated Statements of Shareholders' Equity - USD ($)
Total
Common Stock
Treasury Stock
Retained Earnings
Accumulated other comprehensive Income (Loss)
Balance, shares at Dec. 28, 2019   8,975,434 2,734,729    
Balance, amount at Dec. 28, 2019 $ 105,437,257 $ 30,651,815 $ (20,169,098) $ 120,189,111 $ (25,234,571)
Net income 5,405,522     5,405,522  
Cash dividends declared, $0.44 per share 2,754,502     2,754,502  
Currency translation adjustment 2,991,816       2,991,816
Change in fair value of interest rate swap (1,558,610)       (1,558,610)
Change in pension and other postretirement benefit costs, net of tax (5,695,386)       (5,695,386)
Treasury Stock Purchase, shares     (15,000)    
Treasury Stock Purchase, amount (368,865)   $ (368,865)    
Issuance of SARS 376,083 $ 376,083      
Issuance of Common Stock for directors' fees, shares   21,191      
Issuance of Common Stock for directors' fees, amount 473,143 $ 473,143      
Balance, shares at Jan. 02, 2021   8,996,625 2,749,729    
Balance, amount at Jan. 02, 2021 104,306,458 $ 31,501,041 $ (20,537,963) 122,840,131 (29,496,751)
Net income 9,349,171     9,349,171  
Cash dividends declared, $0.44 per share 2,766,677     2,766,677  
Currency translation adjustment (135,418)       (135,418)
Change in fair value of interest rate swap 1,035,604       1,035,604
Change in pension and other postretirement benefit costs, net of tax 2,063,809       2,063,809
Treasury Stock Purchase, shares     (14,596)    
Treasury Stock Purchase, amount (369,650)   $ (369,650)    
Issuance of SARS 418,000 $ 418,000      
Issuance of Common Stock for directors' fees, shares   18,546      
Issuance of Common Stock for directors' fees, amount 504,017 $ 504,017      
Stock Options Exercised, shares   14,681      
Stock Options Exercised, amount 196,950 $ 196,950      
Balance, shares at Jan. 01, 2022   9,029,852 2,764,325    
Balance, amount at Jan. 01, 2022 $ 114,602,264 $ 32,620,008 $ (20,907,613) $ 129,422,625 $ (26,532,756)