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SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) | 12 Months Ended
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Jan. 02, 2016
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) [Abstract] |
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) | 14. Selected Quarterly Financial Information (Unaudited) Selected quarterly financial information (unaudited) follows:
|  |  |  |  |  | 2015 |  |  |  |  |
|  | First |  | Second |  | Third |  | Fourth |  | Year |
Net sales |  | $ | 36,876,842 |  | $ | 37,037,697 |  | $ | 36,239,500 |  | $ | 34,413,912 |  | $ | 144,567,951 |
Gross margin |  |  | 7,335,178 |  |  | 7,912,161 |  |  | 9,033,843 |  |  | 8,100,044 |  |  | 32,381,226 |
Selling and administrative expenses |  |  | 5,963,695 |  |  | 7,056,139 |  |  | 5,584,222 |  |  | 5,749,442 |  |  | 24,353,498 |
Net income |  |  | 873,951 |  |  | 584,594 |  |  | 2,527,722 |  |  | 1,740,776 |  |  | 5,727,043 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | .14 |  | $ | .09 |  | $ | .41 |  | $ | .28 |  | $ | .92 |
Diluted |  | $ | .14 |  | $ | .09 |  | $ | .41 |  | $ | .28 |  | $ | .92 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 6,244,088 |  |  | 6,244,051 |  |  | 6,245,099 |  |  | 6,246,571 |  |  | 6,245,057 |
Diluted |  |  | 6,244,088 |  |  | 6,244,051 |  |  | 6,245,099 |  |  | 6,246,571 |  |  | 6,245,057 |
|  |  |  |  |  | 2014 |  |  |  |  |
|  | First |  | Second |  | Third |  | Fourth |  | Year |
Net sales |  | $ | 35,849,126 |  | $ | 34,779,773 |  | $ | 35,803,405 |  | $ | 34,393,056 |  | $ | 140,825,360 |
Gross margin |  |  | 7,513,406 |  |  | 7,776,304 |  |  | 8,461,473 |  |  | 8,555,221 |  |  | 32,486,404 |
Selling and administrative expenses |  |  | 5,216,289 |  |  | 4,988,364 |  |  | 4,892,600 |  |  | 5,670,503 |  |  | 20,767,756 |
Net (loss)/income |  |  | 1,502,885 |  |  | 1,693,503 |  |  | 2,431,817 |  |  | 2,033,271 |  |  | 7,661,476 |
Net (loss)/income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | .24 |  | $ | .27 |  | $ | .39 |  | $ | .33 |  | $ | 1.23 |
Diluted |  | $ | .24 |  | $ | .27 |  | $ | .39 |  | $ | .33 |  | $ | 1.23 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 6,222,213 |  |  | 6,222,676 |  |  | 6,223,140 |  |  | 6,231,729 |  |  | 6,225,068 |
Diluted |  |  | 6,239,149 |  |  | 6,239,866 |  |  | 6,240,396 |  |  | 6,231,729 |  |  | 6,237,914 |
Fiscal 2015 consisted of four 13 week quarters totaling 52 weeks for the year. Fiscal 2014 consisted of 13 weeks for the first, second and third quarters, with the fourth quarter being 14 weeks, totaling 53 weeks for the year.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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