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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)        
Net sales $ 65,635,680 $ 71,636,746 $ 206,468,838 $ 210,191,448
Cost of products sold (49,260,313) (55,056,160) (159,447,930) (163,047,360)
Gross margin 16,375,367 16,580,586 47,020,908 47,144,088
Product development expense (1,425,159) (1,011,961) (4,257,468) (3,168,333)
Selling general and administrative expenses (9,700,342) (10,121,683) (32,927,015) (30,129,112)
Operating profit 5,249,866 5,446,942 9,836,425 13,846,643
Interest expense (1,067,779) (645,773) (2,574,890) (1,583,894)
Other (expense) income (135,839) 1,118,453 (514,357) 2,118,783
Income from continuing operations before income taxes 4,046,248 5,919,622 6,747,178 14,381,532
Income tax expense (984,289) (1,423,363) (1,678,698) (3,498,365)
Net income from continuing operations 3,061,959 4,496,259 5,068,480 10,883,167
Discontinued Operations (see Note B)        
Gain from operations of discontinued operations 0 495,820 0 1,426,569
Income tax expense 0 (133,500) 0 (384,104)
Gain from discontinued operations 0 362,320 0 1,042,465
Net income $ 3,061,959 $ 4,858,579 $ 5,068,480 $ 11,925,632
Earnings per share from continuing operations:        
Basic $ 0.49 $ 0.72 $ 0.81 $ 1.75
Diluted 0.49 0.72 0.81 1.74
Earnings per share from discontinued operations:        
Basic 0 0.06 0 0.17
Diluted 0 0.06 0 0.17
Total earnings per share:        
Basic 0.49 0.78 0.81 1.92
Diluted 0.49 0.78 0.81 1.91
Cash dividends per share: $ 0.11 $ 0.11 $ 0.33 $ 0.33