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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 02, 2012
Jun. 03, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 1,475,817 $ 2,721,638
Receivables, net 10,846,695 10,220,220
Inventories:    
Raw materials and supplies 1,809,816 1,596,731
Finished goods 3,515,944 3,398,898
Total inventories 5,325,760 4,995,629
Prepaid expenses 2,148,714 1,803,827
Accrued income taxes 112,708 865,467
Deferred income taxes 633,370 633,370
Total current assets 20,543,064 21,240,151
Property, plant and equipment, net 25,512,637 24,646,418
Other assets 2,141,737 2,234,337
Total 48,197,438 48,120,906
CURRENT LIABILITIES    
Checks outstanding in excess of bank balances 1,461,516 998,386
Accounts payable 5,615,632 6,323,448
Current portion of long-term debt 354,717 344,791
Other accrued expenses 4,438,018 4,604,603
Salary continuation plan 177,994 167,662
Line of credit outstanding 1,955,004 1,777,567
Total current liabilities 14,002,881 14,216,457
LONG-TERM LIABILITIES    
Notes payable - bank, non-current 5,797,330 6,064,983
Salary continuation plan 1,125,166 1,211,895
Deferred income taxes 2,969,917 2,969,917
Total long-term liabilities 9,892,413 10,246,795
STOCKHOLDER'S EQUITY    
Common stock - $.66-2/3 par value: 35,000,000 shares authorized Issued 13,828,793 shares 9,219,195 9,219,195
Additional paid-in capital 6,497,954 6,497,954
Retained earnings 19,510,754 18,866,264
Stockholders' equity excluding treasury stock 35,227,903 34,583,413
Less: Cost of common shares in treasury (2,094,161 shares at March 2, 2012 and June 3, 2011 respectively) (10,925,759) (10,925,759)
Total stockholder's equity 24,302,144 23,657,654
Total $ 48,197,438 $ 48,120,906