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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 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
Stock Options Exercised, shares   14,681      
Stock Options Exercised, amount 196,950 $ 196,950      
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      
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)
Net income 12,301,918     12,301,918  
Cash dividends declared, $0.44 per share (2,738,691)     (2,738,691)  
Currency translation adjustment (1,959,424)       (1,959,424)
Change in fair value of interest rate swap 1,805,742       1,805,742
Change in pension and other postretirement benefit costs, net of tax 3,273,800       3,273,800
Stock Options Exercised, shares   1,370      
Stock Options Exercised, amount (58,515) $ (58,515)      
Treasury Stock Purchase, shares     (70,120)    
Treasury Stock Purchase, amount (1,637,071)   $ (1,637,071)    
Issuance of SARS 504,694 $ 504,694      
Issuance of Common Stock for directors' fees, shares   25,199      
Issuance of Common Stock for directors' fees, amount 519,978 $ 519,978      
Balance, shares at Dec. 31, 2022   9,056,421 2,834,445    
Balance, amount at Dec. 31, 2022 $ 126,614,695 $ 33,586,165 $ (22,544,684) $ 138,985,852 $ (23,412,638)