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REPORTABLE SEGMENTS (Tables) | 12 Months Ended
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Jan. 02, 2016
REPORTABLE SEGMENTS [Abstract] |
Segment financial information | One customer of the Metal Products segment, Jennmar Corporation, accounted for 10.5% of total sales in 2014 and 11.5% of total sales in 2013. No other customer exceeded 10% of total sales in 2015, 2014 or 2013.
|  | 2015 |  | 2014 |  | 2013 |
Sales: Sales to unaffiliated customers: |  |  |  |  |  |  |  |  |  |
Industrial Hardware |  | $ | 61,338,812 |  | $ | 58,666,229 |  | $ | 60,367,209 |
Security Products |  |  | 56,598,487 |  |  | 49,381,553 |  |  | 48,751,688 |
Metal Products |  |  | 26,630,652 |  |  | 32,777,578 |  |  | 33,339,382 |
|  | $ | 144,567,951 |  | $ | 140,825,360 |  | $ | 142,458,279 |
Inter-segment Sales: |  |  |  |  |  |  |  |  |  |
Industrial Hardware |  | $ | 595,596 |  | $ | 984,192 |  | $ | 373,797 |
Security Products |  |  | 2,813,576 |  |  | 2,565,733 |  |  | 2,558,127 |
Metal Products |  |  | 16,804 |  |  | — |  |  | 11,540 |
|  | $ | 3,425,976 |  | $ | 3,549,925 |  | $ | 2,943,464 |
Income Before Income Taxes: |  |  |  |  |  |  |  |  |  |
Industrial Hardware |  | $ | 4,314,149 |  | $ | 5,063,786 |  | $ | 4,797,254 |
Security Products |  |  | 3,798,115 |  |  | 4,058,554 |  |  | 2,780,403 |
Metal Products |  |  | (84,536 | ) |  | 2,596,308 |  |  | 2,808,664 |
Operating Profit |  |  | 8,027,728 |  |  | 11,718,648 |  |  | 10,386,321 |
Interest expense |  |  | (185,475 | ) |  | (254,576 | ) |  | (322,731 | )
Other income |  |  | 178,722 |  |  | 64,691 |  |  | 50,305 |
|  | $ | 8,020,975 |  | $ | 11,528,763 |  | $ | 10,113,895 |
Geographic Information: |  |  |  |  |  |  |  |  |  |
Net Sales: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 126,115,036 |  | $ | 117,478,557 |  | $ | 114,085,322 |
Foreign |  |  | 18,452,915 |  |  | 23,346,803 |  |  | 28,372,957 |
|  | $ | 144,567,951 |  | $ | 140,825,360 |  | $ | 142,458,279 |
Foreign sales are primarily to customers in North America.
Identifiable Assets: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 106,662,743 |  | $ | 105,771,961 |  | $ | 96,289,200 |
Foreign |  |  | 15,075,816 |  |  | 15,498,595 |  |  | 17,569,209 |
|  | $ | 121,738,559 |  | $ | 121,270,556 |  | $ | 113,858,409 |
Industrial Hardware |  | $ | 30,425,348 |  | $ | 29,660,695 |  | $ | 31,820,269 |
Security Products |  |  | 52,688,497 |  |  | 51,573,251 |  |  | 43,582,088 |
Metal Products |  |  | 20,931,863 |  |  | 21,037,058 |  |  | 19,282,393 |
|  |  | 104,045,708 |  |  | 102,271,004 |  |  | 94,684,750 |
General corporate |  |  | 17,692,851 |  |  | 18,999,552 |  |  | 19,173,659 |
|  | $ | 121,738,559 |  | $ | 121,270,556 |  | $ | 113,858,409 |
|  | 2015 |  | 2014 |  | 2013 |
Depreciation and Amortization: |  |  |  |  |  |  |  |  |  |
Industrial Hardware |  | $ | 1,580,741 |  | $ | 1,631,521 |  | $ | 2,085,618 |
Security Products |  |  | 1,010,262 |  |  | 621,501 |  |  | 592,555 |
Metal Products |  |  | 1,330,435 |  |  | 1,233,280 |  |  | 1,147,113 |
|  | $ | 3,921,438 |  | $ | 3,486,302 |  | $ | 3,825,286 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |
Industrial Hardware |  | $ | 1,479,984 |  | $ | 1,929,022 |  | $ | 1,967,335 |
Security Products |  |  | 388,377 |  |  | 973,365 |  |  | 469,669 |
Metal Products |  |  | 632,016 |  |  | 664,851 |  |  | 3,002,556 |
|  |  | 2,500,377 |  |  | 3,567,238 |  |  | 5,439,560 |
Currency translation adjustment |  |  | 25,020 |  |  | 10,347 |  |  | (245 | )
General corporate |  |  | 12,839 |  |  | 55,580 |  |  | 84,427 |
|  | $ | 2,538,236 |  | $ | 3,633,165 |  | $ | 5,523,742 |

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