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Note H - Other Assets
6 Months Ended
Jul. 03, 2022
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 3, 2022 and December 31, 2021, $7,291,000 and $7,624,000 of such prepayments, respectively, remained unused and outstanding.  At  July 3, 2022 and December 31, 2021, $5,410,000 and $4,746,000 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.