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ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Jan. 02, 2016
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) |
2015 Gross Amount |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents and developed technology |  | $ | 2,206,852 |  | $ | 1,029,181 |  | $ | — |  |  | $ | 3,236,033 |  |  | 15.9 |
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 |  | $ | 2,206,852 |  | $ | 2,193,257 |  | $ | — |  |  | $ | 4,400,109 |  |  | 12.6 |
2015 Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents and developed technology |  | $ | 1,478,692 |  | $ | 575,026 |  | $ | — |  |  | $ | 2,053,718 |  |  |  |
Customer relationships |  |  | — |  |  | 89,941 |  |  | — |  |  |  | 89,941 |  |  |  |
Non-compete agreements |  |  | — |  |  | 81,400 |  |  | — |  |  |  | 81,400 |  |  |  |
Intellectual property |  |  | — |  |  | 61,474 |  |  | — |  |  |  | 61,474 |  |  |  |
Accumulated Amortization |  | $ | 1,478,692 |  | $ | 807,841 |  | $ | — |  |  | $ | 2,286,533 |  |  |  |
Net 2015 per Balance Sheet |  | $ | 728,160 |  | $ | 1,385,416 |  | $ | — |  |  | $ | 2,113,576 |  |  |  |
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 |  |  |  |
Roll-forward of goodwill | The following is a roll-forward of goodwill for 2015 and 2014:
|  | Industrial Hardware Segment |  | Security Products Segment |  | Metal Products Segment |  | Total |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,901,312 |  | $ | 13,059,042 |  | $ | — |  | $ | 14,960,354 |
Foreign exchange |  |  | (169,561 | ) |  | — |  |  | — |  |  | (169,561) |
Ending balance |  | $ | 1,731,751 |  | $ | 13,059,042 |  | $ | — |  | $ | 14,790,793 |
|  | 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 |
Denominators used in the earnings per share computations | The denominators used in the earnings per share computations follow:
|  | 2015 |  | 2014 |  | 2013 |
Basic: |  |  |  |  |  |  |
Weighted average shares outstanding |  | 6,245,057 |  | 6,225,068 |  | 6,220,928 |
Diluted: |  |  |  |  |  |  |
Weighted average shares outstanding |  | 6,245,057 |  | 6,225,068 |  | 6,220,928 |
Dilutive stock options |  | — |  | 12,846 |  | 16,830 |
Denominator for diluted earnings per share |  | 6,245,057 |  | 6,237,914 |  | 6,237,758 |

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