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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Condensed Consolidated Statements of Operations (Unaudited)        
Net sales $ 71,636,746 $ 63,876,906 $ 210,191,448 $ 186,897,930
Cost of products sold (55,056,160) (48,661,374) (163,047,360) (142,196,527)
Gross margin 16,580,586 15,215,532 47,144,088 44,701,403
Product development expense (1,011,961) (962,924) (3,168,333) (3,068,866)
Selling general and administrative expenses (10,121,683) (9,440,583) (30,129,112) (27,760,514)
Operating profit 5,446,942 4,812,025 13,846,643 13,872,023
Interest expense (645,773) (427,222) (1,583,894) (1,388,512)
Other income 1,118,453 407,192 2,118,783 3,359,065
Income from continuing operations before income taxes 5,919,622 4,791,995 14,381,532 15,842,576
Income tax expense (1,423,363) (971,884) (3,498,365) (3,573,308)
Net income from continuing operations 4,496,259 3,820,111 10,883,167 12,269,268
Discontinued Operations (see note B)        
Income from operations of discontinued operations 495,820 1,492,063 1,426,569 2,831,530
Gain (loss) on classification of assets as held for sale 0 1,308,639 0 (9,274,439)
Income tax (expense) benefit (133,500) (659,285) (384,104) (1,516,661)
Gain (loss) from discontinued operations 362,320 2,141,417 1,042,465 (4,926,248)
Net income (loss) $ 4,858,579 $ 5,961,528 $ 11,925,632 $ 7,343,020
Earnings per share from continuing operations:        
Basic $ 0.72 $ 0.61 $ 1.75 $ 1.96
Diluted 0.72 0.61 1.74 1.96
Earnings (loss) per share from discontinued operations:        
Basic1 0.06 0.34 0.17 (0.79)
Diluted1 0.06 0.34 0.17 (0.79)
Total earnings (loss) per share:        
Basic2 0.78 0.95 1.92 1.17
Diluted2 0.78 0.95 1.91 1.17
Cash dividends per share: $ 0.11 $ 0.11 $ 0.33 $ 0.33