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ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Jan. 03, 2015
ACCOUNTING POLICIES [Abstract] |
Gross carrying amount and accumulated amortization of amortizable intangible assets | The gross carrying amount and accumulated amortization of amortizable intangible assets:
|  | Industrial Hardware Segment |  | Security Products Segment |  | Metal Products Segment |  | Total |  | Weighted-Average Amortization Period (Years) |
2014 Gross Amount |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents and developed technology |  | $ | 2,494,261 |  | $ | 1,025,303 |  | $ | — |  | $ | 3,519,564 |  | 15.7 |
Customer relationships |  |  | — |  |  | 449,706 |  |  | — |  |  | 449,706 |  | 5.0 |
Non-compete agreements |  |  | — |  |  | 407,000 |  |  | — |  |  | 407,000 |  | 5.0 |
Intellectual property |  |  | — |  |  | 307,370 |  |  | — |  |  | 307,370 |  | 5.0 |
Total Gross Intangibles |  | $ | 2,494,261 |  | $ | 2,189,379 |  | $ | — |  | $ | 4,683,640 |  | 12.7 |
2014 Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents and developed technology |  | $ | 1,649,655 |  | $ | 535,415 |  | $ | — |  | $ | 2,185,070 |  |  |
Customer relationships |  |  | — |  |  | — |  |  | — |  |  | — |  |  |
Non-compete agreements |  |  | — |  |  | — |  |  | — |  |  | — |  |  |
Intellectual property |  |  | — |  |  | — |  |  | — |  |  | — |  |  |
Accumulated Amortization |  | $ | 1,649,655 |  | $ | 535,415 |  | $ | — |  | $ | 2,185,070 |  |  |
Net 2014 per Balance Sheet |  | $ | 844,606 |  | $ | 1,653,964 |  | $ | — |  | $ | 2,498,570 |  |  |
2013 Patents and developed technology |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross Amount |  | $ | 2,595,931 |  | $ | 1,041,250 |  | $ | — |  | $ | 3,637,181 |  | 16.0 |
Accumulated amortization |  |  | 1,676,440 |  |  | 503,238 |  |  | — |  |  | 2,179,678 |  |  |
Net 2013 per Balance Sheet |  | $ | 919,491 |  | $ | 538,012 |  | $ | — |  | $ | 1,457,503 |  |  |
Roll-forward of goodwill | The following is a roll-forward of goodwill for 2014 and 2013:
|  | Industrial Hardware Segment |  | Security Products Segment |  | Metal Products Segment |  | Total |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 2,008,231 |  | $ | 11,833,816 |  | $ | — |  | $ | 13,842,047 |
Acquisition of Argo Transdata |  |  | — |  |  | 1,225,226 |  |  | — |  |  | 1,225,226 |
Foreign exchange |  |  | (106,919 | ) |  | — |  |  | — |  |  | (106,919 | )
Ending balance |  | $ | 1,901,312 |  | $ | 13,059,042 |  | $ | — |  | $ | 14,960,354 |
|  | Industrial Hardware Segment |  | Security Products Segment |  | Metal Products Segment |  | Total |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 2,099,783 |  | $ | 11,833,816 |  | $ | — |  | $ | 13,933,599 |
Foreign exchange |  |  | (91,552 | ) |  | — |  |  | — |  |  | (91,552 | )
Ending balance |  | $ | 2,008,231 |  | $ | 11,833,816 |  | $ | — |  | $ | 13,842,047 |
Denominators used in the earnings per share computations | The denominators used in the earnings per share computations follow:
|  | 2014 |  | 2013 |  | 2012 |
Basic: |  |  |  |  |  |  |
Weighted average shares outstanding |  | 6,225,068 |  | 6,220,928 |  | 6,216,931 |
Diluted: |  |  |  |  |  |  |
Weighted average shares outstanding |  | 6,225,068 |  | 6,220,928 |  | 6,216,931 |
Dilutive stock options |  | 12,846 |  | 16,830 |  | 16,444 |
Denominator for diluted earnings per share |  | 6,237,914 |  | 6,237,758 |  | 6,233,375 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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