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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 01, 2023
Dec. 31, 2022
Current Liabilities    
Cash and cash equivalents $ 13,071,017 $ 10,187,522
Accounts receivable, less allowances: 2023 - $676,000; 2022 - $677,000 44,481,853 42,886,250
Inventories 57,652,961 64,636,591
Current portion of notes receivable 214,780 1,006,421
Prepaid expenses and other assets 6,639,228 6,598,774
Total Current Assets 122,059,839 125,315,558
Property, Plant and Equipment 57,318,367 56,112,889
Accumulated depreciation (30,877,891) (30,000,797)
Property, Plant and Equipment, Net 26,440,476 26,112,092
Goodwill 70,788,971 70,777,459
Trademarks 5,514,888 5,514,886
Patents and other intangibles net of accumulated amortization 17,987,968 18,819,897
Long term notes receivable, less current portion 905,851 2,276,631
Deferred Income Taxes 488,989 488,989
Right of Use Assets 11,564,607 12,217,521
Total Other Assets 107,251,274 110,095,383
TOTAL ASSETS 255,751,589 261,523,033
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 26,643,423 27,638,317
Accrued compensation 2,233,923 3,327,832
Other accrued expenses 3,900,764 3,944,964
Current portion of operating lease liability 3,030,116 3,059,547
Current portion of finance lease liability 150,773 0
Current portion of long-term debt 9,375,000 9,010,793
Total Current Liabilities 45,333,999 46,981,453
Other long-term liabilities 754,762 754,762
Operating lease liability, less current portion 8,556,037 9,195,205
Finance lease liability, less current portion 846,547 0
Long-term debt, less current portion 49,661,128 55,136,231
Accrued postretirement benefits 664,293 666,222
Accrued pension cost 23,134,787 22,174,465
Total Liabilities 128,951,553 134,908,338
Shareholders' Equity    
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 9,066,057 shares in 2023 and 9,056,421 shares in 2022 Outstanding: 6,231,612 shares in 2023 and 6,221,976 shares in 2022 33,536,918 33,586,165
Treasury Stock: 2,834,445 shares in 2023 and 2,834,445 shares in 2022 (22,544,684) (22,544,684)
Retained earnings 138,908,874 138,985,852
Accumulated other comprehensive income (loss):    
Foreign currency translation (804,393) (1,140,978)
Unrealized gain on interest rate swap, net of tax 1,172,067 1,449,754
Unrecognized net pension and postretirement benefit costs, net of taxB5 (23,468,746) (23,721,414)
Accumulated other comprehensive loss (23,101,072) (23,412,638)
Total Shareholders' Equity 126,800,036 126,614,695
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 255,751,589 261,523,033
Voting Preferred stock [Member]    
Shareholders' Equity    
Preferred Stock, value 0 0
NonVoting Preferred stock Member    
Shareholders' Equity    
Preferred Stock, value $ 0 $ 0