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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 30, 2024
Dec. 30, 2023
Current Assets    
Cash and cash equivalents $ 7,356,444 $ 8,299,453
Marketable Securities 2,127,735 986,477
Accounts receivable, less allowances: 2024 - $541,103; 2023 - $564,816 42,881,758 37,057,488
Inventories 55,847,071 59,272,207
Current portion of notes receivable 618,231 573,269
Prepaid expenses and other assets 6,199,897 6,047,814
Total Current Assets 115,031,136 112,236,708
Property, Plant and Equipment 61,842,148 60,270,096
Accumulated depreciation (32,710,475) (31,980,335)
Property, Plant and Equipment, Net 29,131,673 28,289,761
Goodwill 70,722,962 70,776,893
Trademarks 5,514,884 5,514,960
Patents and other intangibles net of accumulated amortization 14,360,192 15,325,927
Long term notes receivable, less current portion 329,970 374,932
Deferred Income Taxes 2,283,571 2,283,571
Right of Use Assets 16,521,127 17,236,449
Total Other Assets 109,732,706 111,512,732
TOTAL ASSETS 253,895,515 252,039,201
Current Liabilities    
Accounts payable 26,971,547 25,319,473
Accrued compensation 4,636,088 5,379,381
Other accrued expenses 4,874,024 4,556,623
Current portion of operating lease liability 4,195,865 4,424,369
Current portion of finance lease liability 182,290 182,010
Current portion of long-term debt 2,871,870 2,871,870
Total Current Liabilities 43,731,684 42,733,726
Other long-term liabilities 640,724 640,724
Operating lease liability, less current portion 12,325,261 12,812,079
Finance lease liability, less current portion 696,584 728,100
Long-term debt, less current portion 40,271,398 41,063,865
Accrued postretirement benefits 565,727 554,758
Accrued pension cost 21,150,758 21,025,365
Total Liabilities 119,382,136 119,558,617
Shareholders' Equity    
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 9,118,031 shares as of 2024 and 9,091,815 shares as of 2023 Outstanding: 6,233,510 shares as of 2024 and 6,217,370 shares as of 2023 34,464,595 33,950,859
Treasury Stock: 2,884,521 shares as of 2024 and 2,874,445 shares as of 2023 (23,515,267) (23,280,467)
Retained earnings 146,069,675 144,805,168
Accumulated other comprehensive loss:    
Foreign currency translation (1,023,599) (866,599)
Unrealized gain on foreign currency swap, net of tax 403,016 0
Unrecognized net pension and postretirement benefit costs, net of tax (21,885,041) (22,128,377)
Accumulated other comprehensive loss (22,505,624) (22,994,976)
Total Shareholders' Equity 134,513,379 132,480,584
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 253,895,515 $ 252,039,201