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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 29, 2018
Income Taxes [Abstract] |
Deferred Income Tax (Assets) Liabilities | Deferred income tax (assets) liabilities relate to:
|  | 2018 |  |  | 2017 |
Property, plant and equipment |  | $ | 2,582,792 |  |  | $ | 3,853,837 |
Intangible assets |  |  | 4,710,052 |  |  |  | 2,620,791 |
Other |  |  | 218,710 |  |  |  | 64,905 |
Foreign Withholding Tax |  |  | 540,761 |  |  |  | 861,964 |
Total deferred income tax liabilities |  |  | 8,052,315 |  |  |  | 7,401,497 |
Other postretirement benefits |  |  | (156,710 | ) |  |  | (235,510 | )
Inventories |  |  | (1,133,427 | ) |  |  | (792,724 | )
Allowance for doubtful accounts |  |  | (146,576 | ) |  |  | (97,570 | )
Accrued compensation |  |  | (200,232 | ) |  |  | (83,829 | )
Pensions |  |  | (6,127,538 | ) |  |  | (6,029,034 | )
Foreign Tax Credit |  |  | (167,826 | ) |  |  | (449,578 | )
Total deferred income tax assets |  |  | (7,932,309 | ) |  |  | (7,688,245 | )
Net deferred income tax (assets) liabilities |  | $ | 120,006 |  |  | $ | (286,748 | )
Income Before Income Taxes | Income before income taxes consists of:
|  | 2018 |  |  | 2017 |
Domestic |  | $ | 12,431,889 |  |  | $ | 7,513,348 |
Foreign |  |  | 5,158,440 |  |  |  | 3,941,594 |
|  | $ | 17,590,329 |  |  | $ | 11,454,942 |
Provision for Income Taxes | The provision for income taxes follows:
|  | 2018 |  |  | 2017 |
Current: |  |  |  |  |  |
Federal |  | $ | 484,451 |  |  | $ | 3,713,975 |
Foreign |  |  | 753,521 |  |  |  | 1,084,353 |
State |  |  | 347,199 |  |  |  | 319,439 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | 815,858 |  |  |  | (47,241 | )
Foreign |  |  | 153,726 |  |  |  | 1,301,972 |
State |  |  | 529,637 |  |  |  | (37,189 | )
|  | $ | 3,084,392 |  |  | $ | 6,409,687 |
Reconciliation of Income Taxes Computed Using the U.S. Federal Statutory Rate to that Reflected in Operations | A reconciliation of income taxes computed using the U.S. federal statutory rate to that reflected in operations follows:
|  | 2018 |  |  | 2017 |
|  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
Income taxes using U.S. federal statutory rate |  | $ | 3,693,968 |  |  |  | 21 | % |  | $ | 3,894,680 |  |  |  | 34 | %
State income taxes, net of federal benefit |  |  | 692,698 |  |  |  | 4 |  |  |  | 264,205 |  |  |  | 2 |
Impact on Foreign Repatriation Tax Reform |  |  | (83,479 | ) |  |  | (1 | ) |  |  | 2,034,065 |  |  |  | 18 |
Impact of foreign subsidiaries on effective tax rate |  |  | (401,992 | ) |  |  | (2 | ) |  |  | (364,569 | ) |  |  | (3 | )
Impact of New Tax Law |  |  | (507,847 | ) |  |  | (2 | ) |  |  | 531,307 |  |  |  | 5 |
Impact of Research & Development tax credit |  |  | (216,675 | ) |  |  | (1 | ) |  |  | (60,630 | ) |  |  | (1 | )
Impact of manufacturers deduction on effective tax rate |  |  | 0 |  |  |  | 0 |  |  |  | (123,554 | ) |  |  | (1 | )
Other—net |  |  | (92,281 | ) |  |  | (1 | ) |  |  | 234,183 |  |  |  | 2 |
|  |  | 3,084,392 |  |  |  | 18 | % |  |  | 6,409,687 |  |  |  | 56 | %
Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits are as follows:
|  | 2018 |  |  | 2017 |
Balance at beginning of year |  | $ | 299,734 |  |  | $ | 251,839 |
Increases for positions taken during the current period |  |  | 74,219 |  |  |  | 53,013 |
Decreases resulting from the expiration of the statute of limitations |  |  | (74,231 | ) |  |  | (5,118 | )
Balance at end of year |  | $ | 299,722 |  |  | $ | 299,734 |

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