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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Condensed Consolidated Statements of Operations (Unaudited)        
Net sales $ 69,540,054 $ 61,247,592 $ 138,554,702 $ 123,021,025
Cost of products sold (53,552,232) (47,270,990) (107,991,200) (93,535,153)
Gross margin 15,987,822 13,976,602 30,563,502 29,485,872
Product development expense (959,364) (1,088,380) (2,156,372) (2,105,942)
Selling general and administrative expenses (10,141,815) (9,375,537) (20,007,429) (18,319,931)
Operating profit 4,886,643 3,512,685 8,399,701 9,059,999
Interest expense (503,787) (434,147) (938,121) (961,291)
Other income 511,810 525,124 1,000,330 2,951,873
Income from continuing operations before income taxes 4,894,666 3,603,662 8,461,910 11,050,581
Income tax expense (1,193,877) (848,302) (2,075,002) (2,601,424)
Net income from continuing operations 3,700,789 2,755,360 6,386,908 8,449,157
Discontinued Operations (see note B)        
Gain from operations of discontinued operations 459,563 1,128,286 930,749 1,339,467
Loss on classification as held for sale   (10,583,078)   (10,583,078)
Income tax (expense) benefit 123,737 2,225,658 250,604 2,175,946
Gain (loss) from discontinued operations 335,826 (7,229,134) 680,145 (7,067,665)
Net income (loss) $ 4,036,615 $ (4,473,774) $ 7,067,053 $ 1,381,491
Earnings per share from continuing operations:        
Basic $ 0.59 $ 0.44 $ 1.02 $ 1.35
Diluted 0.59 0.44 1.02 1.35
Earnings (loss) per share from discontinued operations:        
Basic1 0.06 (1.15) 0.11 (1.13)
Diluted1 0.06 (1.15) 0.11 (1.13)
Total earnings (loss) per share:        
Basic2 0.65 (0.71) 1.13 0.22
Diluted2 0.65 (0.71) 1.13 0.22
Cash dividends per share: $ 0.11 $ 0.11 $ 0.22 $ 0.22