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Condensed Consolidated Balance Sheets - USD ($)
Jul. 02, 2022
Jan. 01, 2022
Current Assets    
Cash and cash equivalents $ 7,106,344 $ 6,168,304
Accounts receivable, less allowances: 2022 - $545,073; 2021 - $515,000 46,252,585 43,151,500
Inventories 67,689,722 62,862,342
Current portion of notes receivable 874,186 1,027,125
Prepaid expenses and other assets 8,191,519 6,943,691
Current assets held for sale 5,043,663 3,521,899
Total Current Assets 135,158,019 123,674,861
Property, Plant and Equipment 55,306,643 56,935,080
Accumulated depreciation (29,248,062) (28,631,329)
Property, Plant and Equipment, Net 26,058,581 28,303,751
Goodwill 72,114,853 72,211,873
Trademarks 5,489,068 5,409,720
Patents and other intangibles net of accumulated amortization 20,837,033 22,863,497
Long term notes receivable, less current portion 2,450,805 2,726,698
Right of Use Assets 12,833,246 11,138,535
Total Other Assets 113,725,005 114,350,323
TOTAL ASSETS 274,941,605 266,328,935
Current Liabilities    
Accounts payable 29,624,251 29,633,974
Accrued compensation 2,689,074 4,375,867
Other accrued expenses 1,602,455 4,808,000
Current portion of lease liability 3,019,573 2,664,895
Current portion of long-term debt 7,500,000 7,500,000
Current liabilities held for sale 1,097,757 580,990
Total Current Liabilities 45,533,110 49,563,726
Deferred income taxes 1,151,759 1,151,759
Other long-term liabilities 668,354 668,354
Lease liability 9,879,742 8,639,339
Long-term debt, less current portion 70,102,231 63,813,522
Accrued postretirement benefits 1,315,350 1,284,589
Accrued pension cost 25,993,583 26,605,382
Total Liabilities 154,644,129 151,726,671
Authorized and unissued: 1,000,000 shares1    
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 9,041,489 shares in 2022 and 9,029,852 shares in 2021 Outstanding: 6,217,164 shares in 2022 and 6,265,527 shares in 2021 33,034,627 32,620,008
Treasury Stock: 2,824,325 shares in 2022 and 2,764,325 shares in 2021 (22,330,991) (20,907,613)
Retained earnings 135,117,576 129,422,625
Accumulated other comprehensive income (loss):    
Foreign currency translation (152,450) 818,446
Unrealized gain (loss) on interest rate swap, net of tax 997,111 (355,988)
Unrecognized net pension and postretirement benefit costs, net of tax (26,368,397) (26,995,214)
Accumulated other comprehensive loss (25,523,736) (26,532,756)
Total Shareholders' Equity 120,297,476 114,602,264
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 274,941,605 $ 266,328,935