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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Operating Activities    
Net income $ 8,585,002 $ 12,301,918
Less: Gain from discontinued operations 0 1,251,457
Net income from continuing operations 8,585,002 11,050,461
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,466,483 7,235,143
Reduction in carrying amount of ROU assets (3,522,981) (2,918,468)
Change in operating lease liability 3,560,612 3,046,936
Unrecognized pension and postretirement benefits 47,550 (3,575,749)
Loss (gain) on sale of equipment and other assets 1,327,649 (274,238)
Provision for doubtful accounts 62,893 207,040
Stock compensation expense 364,694 966,157
Deferred taxes (1,124,895) (3,047,762)
Changes in operating assets and liabilities:    
Accounts receivable 5,774,371 (1,075,218)
Inventories 6,024,489 (5,298,977)
Prepaid expenses and other 427,470 (293,348)
Other assets 356,636 193,784
Accounts payable (2,186,244) (1,741,258)
Accrued compensation 616,996 (923,146)
Other accrued expenses (1,298,663) 3,905,457
Net cash provided by operating activities 26,482,062 7,456,814
Investing Activities    
Marketable securities (986,477) 0
Business acquisition (444,840) 0
Issuance of notes receivable 0 (400,000)
Payments received from notes receivable 2,435,394 870,771
Proceeds from sale of businesses 0 5,814,019
Proceeds from sale of building and equipment 0 2,171,073
Purchases of property, plant and equipment (6,434,375) (3,365,594)
Net cash (used in) provided by investing activities (5,430,298) 5,090,269
Financing Activities    
Proceeds from issuance of long-term debt and notes payable 0 260,793
Proceeds from short term borrowings (revolver) 0 10,000,000
Principal payments on short-term borrowings (revolver) (300,029) 0
Proceeds from new long-term debt refinancing 60,000,000 0
Principal payments on long-term debt (79,737,707) (17,505,501)
Financing leases, net 636,927 (283,854)
Purchase common stock for treasury (735,783) (1,637,072)
Dividends paid (2,765,686) (2,738,691)
Net cash used in financing activities (22,902,278) (11,904,325)
Cash provided by operating activities 0 3,135,874
Cash provided by discontinued operations 0 3,135,874
Effect of exchange rate changes on cash (37,555) (193,540)
Net change in cash and cash equivalents (1,888,069) 3,585,092
Cash and cash equivalents at beginning of year 10,187,522 6,602,430
Cash and cash equivalents at end of year 8,299,453 10,187,522
Supplemental disclosure of cash flow information:    
Interest 3,388,347 2,502,883
Income taxes 6,608,084 3,679,678
Non-cash investing and financing activities    
Right of use asset 5,018,928 1,078,986
Lease liability $ (4,981,697) $ (950,518)