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Condensed Consolidated Balance Sheets - USD ($)
Oct. 01, 2022
Jan. 01, 2022
Current Assets    
Cash and cash equivalents $ 5,275,472 $ 6,168,304
Accounts receivable, less allowances: 2022 - $577,820; 2021 - $515,000 50,854,523 43,151,500
Inventories 67,502,778 62,862,342
Current portion of notes receivable 1,006,421 1,027,125
Prepaid expenses and other assets 8,110,917 6,943,691
Current assets held for sale 5,071,203 3,521,899
Total Current Assets 137,821,314 123,674,861
Property, Plant and Equipment 55,079,978 56,935,080
Accumulated depreciation (29,512,038) (28,631,329)
Property, Plant and Equipment, Net 25,567,940 28,303,751
Goodwill 71,938,360 72,211,873
Trademarks 5,489,068 5,409,720
Patents and other intangibles net of accumulated amortization 19,748,225 22,863,497
Long term notes receivable, less current portion 2,499,254 2,726,698
Right of Use Assets 12,882,053 11,138,535
Total Other Assets 112,556,960 114,350,323
TOTAL ASSETS 275,946,214 266,328,935
Current Liabilities    
Accounts payable 29,035,147 29,633,974
Accrued compensation 3,397,417 4,375,867
Other accrued expenses 3,126,494 4,808,000
Current portion of lease liability 2,993,652 2,664,895
Current portion of long-term debt 8,125,000 7,500,000
Current liabilities held for sale 577,118 580,990
Total Current Liabilities 47,254,828 49,563,726
Deferred income taxes 1,151,759 1,151,759
Other long-term liabilities 668,355 668,354
Lease liability 9,919,112 8,639,339
Long-term debt, less current portion 66,619,231 63,813,522
Accrued postretirement benefits 1,342,537 1,284,589
Accrued pension cost 25,001,982 26,605,382
Total Liabilities 151,957,804 151,726,671
Authorized and unissued: 1,000,000 shares1    
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 9,049,568 shares in 2022 and 9,029,852 shares in 2021 Outstanding: 6,215,123 shares in 2022 and 6,265,527 shares in 2021 33,319,461 32,620,008
Treasury Stock: 2,834,445 shares in 2022 and 2,764,325 shares in 2021 (22,544,685) (20,907,613)
Retained earnings 139,293,381 129,422,625
Accumulated other comprehensive income (loss):    
Foreign currency translation (1,539,724) 818,446
Unrealized gain (loss) on interest rate swap, net of tax 1,514,966 (355,988)
Unrecognized net pension and postretirement benefit costs, net of tax (26,054,989) (26,995,214)
Accumulated other comprehensive loss (26,079,747) (26,532,756)
Total Shareholders' Equity 123,988,410 114,602,264
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 275,946,214 $ 266,328,935