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Note H - Other Assets
6 Months Ended
Jul. 04, 2021
Notes to Financial Statements  
Other Assets Disclosure [Text Block]

NOTE H – OTHER ASSETS

Other Assets includes prepayments that are made from time to time by the Company for certain materials used in the manufacturing process in the Housewares/Small Appliances segment.  The Company expects to utilize the prepayments and related materials over an estimated period of two years.  As of July 4, 2021 and December 31, 2020, $10,596,000 and $11,217,000 of such prepayments, respectively, remained unused and outstanding.  At  July 4, 2021 and December 31, 2020, $4,581,000 and $4,311,000 of those payments, respectively were included in Other Current Assets, representing the Company’s best estimate of the expected utilization of the prepayments and related materials during the twelve-month periods following those dates.