Retirement Benefit Plans (Tables)

6 Months Ended

Jul. 01, 2023

Retirement Benefit Plans

Schedule of Significant Disclosures Relating to Benefit Plans

	Pension Benefits
	Three Months Ended						Six Months Ended
	July 1, 2023			July 2, 2022			July 1, 2023			July 2, 2022
Service cost	$	216,153		$	269,743		$	432,306		$	539,487
Interest cost		990,053			608,191			1,980,107			1,216,380
Expected return on plan assets		(1,049,014	)		(1,460,661	)		(2,098,030	)		(2,921,322	)
Amortization of prior service cost		-			16,563			-			33,126
Amortization of the net loss		342,865			390,075			685,730			780,150
Net periodic benefit cost (benefit)	$	500,057		$	(176,089	)	$	1,000,113		$	(352,179	)

	Other Postretirement Benefits
	Three Months Ended						Six Months Ended
	July 1, 2023			July 2, 2022			July 1, 2023			July 2, 2022
Service cost	$	6,486		$	13,323		$	12,972		$	26,646
Interest cost		14,533			10,988			29,066			21,976
Expected return on plan assets		(4,849	)		(4,400	)		(9,698	)		(8,800	)
Amortization of prior service cost		1,060			1,060			2,120			2,120
Amortization of the net loss		(16,895	)		(2,054	)		(33,790	)		(4,108	)
Net periodic benefit cost	$	335		$	18,917		$	670		$	37,834

Schedule of Company made contributions

	Three Months Ended				Six Months Ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Regular matching contribution	$	253,665	$	161,714	$	506,426	$	372,654
Transitional credit contribution		26,344		28,179		60,663		79,742
Non-discretionary contribution		89,163		16,769		521,112		360,146
Total contributions for the period	$	369,172	$	206,662	$	1,088,201	$	812,542