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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 01, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 13,204,674 $ 10,187,522
Accounts receivable, less allowances: 2023 - $601,516; 2022 - $677,000 41,983,715 42,886,250
Inventories 57,536,157 64,636,591
Current portion of notes receivable 168,160 1,006,421
Prepaid expenses and other assets 6,172,162 6,598,774
Total Current Assets 119,064,868 125,315,558
Property, Plant and Equipment 57,338,192 56,112,889
Accumulated depreciation (31,228,575) (30,000,797)
Property, Plant and Equipment, Net 26,109,617 26,112,092
Goodwill 70,810,947 70,777,459
Trademarks 5,514,956 5,514,886
Patents and other intangibles net of accumulated amortization 17,058,089 18,819,897
Long term notes receivable, less current portion 876,427 2,276,631
Deferred Income Taxes 488,989 488,989
Right of Use Assets 16,621,564 12,217,521
Total Other Assets 111,370,972 110,095,383
TOTAL ASSETS 256,545,457 261,523,033
Current Liabilities    
Accounts payable 27,010,990 27,638,317
Accrued compensation 3,758,455 3,327,832
Other accrued expenses 3,683,882 3,944,964
Current portion of operating lease liability 3,583,505 3,059,547
Current portion of finance lease liability 152,253 0
Current portion of long-term debt 3,011,829 9,010,793
Total Current Liabilities 41,200,914 46,981,453
Other long-term liabilities 754,763 754,762
Operating lease liability, less current portion 13,038,059 9,195,205
Finance lease liability, less current portion 836,445 0
Long-term debt, less current portion 51,379,405 55,136,231
Accrued postretirement benefits 664,710 666,222
Accrued pension cost 22,448,575 22,174,465
Total Liabilities 130,322,871 134,908,338
Nonvoting Preferred Stock, no par value: Authorized and unissued: 1,000,000 shares    
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 9,072,761 shares at 2023 and 9,056,421 shares at 2022 Outstanding: 6,238,316 shares at 2023 and 6,221,976 shares at 2022 33,596,350 33,586,165
Treasury Stock: 2,834,445 shares at 2023 and 2,834,445 shares at 2022 (22,544,685) (22,544,684)
Retained earnings 139,622,432 138,985,852
Accumulated other comprehensive loss:    
Foreign currency translation (1,235,435) (1,140,978)
Unrealized gain on interest rate swap, net of tax 0 1,449,754
Unrecognized net pension and postretirement benefit costs, net of tax (23,216,076) (23,721,414)
Accumulated other comprehensive loss (24,451,511) (23,412,638)
Total Shareholders' Equity 126,222,586 126,614,695
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 256,545,457 $ 261,523,033