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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 29, 2024
Dec. 30, 2023
Current Assets    
Cash and cash equivalents $ 11,706,497 $ 8,299,453
Marketable securities 2,034,602 986,477
Accounts receivable, less allowances: 2024 - $562,498; 2023 - $564,816 42,327,344 37,057,488
Inventories 56,879,677 59,272,207
Current portion of notes receivable 192,933 573,269
Prepaid expenses and other assets 5,127,614 6,047,814
Total Current Assets 118,268,667 112,236,708
Property, Plant and Equipment 62,804,268 60,270,096
Accumulated depreciation (33,485,314) (31,980,335)
Property, Plant and Equipment, Net 29,318,954 28,289,761
Goodwill 70,700,912 70,776,893
Trademarks 5,514,853 5,514,960
Patents and other intangibles net of accumulated amortization 13,372,930 15,325,927
Long term notes receivable, less current portion 284,330 374,932
Deferred Income Taxes 2,536,357 2,283,571
Right of Use Assets 15,682,994 17,236,449
Other Long-Term Assets 222,504 0
Total Other Assets 108,314,880 111,512,732
TOTAL ASSETS 255,902,501 252,039,201
Current Liabilities    
Accounts payable 27,683,500 25,319,473
Accrued compensation 5,493,325 5,379,381
Other accrued expenses 5,098,540 4,556,623
Current portion of operating lease liability 3,846,537 4,424,369
Current portion of finance lease liability 182,219 182,010
Current portion of long-term debt 2,853,935 2,871,870
Other current liabilities 296,866 0
Total Current Liabilities 45,454,922 42,733,726
Other long-term liabilities 640,724 640,724
Operating lease liability, less current portion 11,836,457 12,812,079
Finance lease liability, less current portion 665,217 728,100
Long-term debt, less current portion 39,575,849 41,063,865
Accrued postretirement benefits 579,832 554,758
Accrued pension cost 20,662,798 21,025,365
Total Liabilities 119,415,799 119,558,617
Shareholders' Equity    
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 9,122,953 shares as of 2024 and 9,091,815 shares as of 2023 Outstanding: 6,228,432 shares as of 2024 and 6,217,370 shares as of 2023 34,575,179 33,950,859
Treasury Stock: 2,894,521 shares as of 2024 and 2,874,445 shares as of 2023 (23,762,587) (23,280,467)
Retained earnings 148,891,689 144,805,168
Accumulated other comprehensive loss:    
Foreign currency translation (1,495,677) (866,599)
Unrealized loss on foreign currency swap, net of tax (74,362) 0
Unrecognized net pension and postretirement benefit costs, net of tax (21,647,540) (22,128,377)
Accumulated other comprehensive loss (23,217,579) (22,994,976)
Total Shareholders' Equity 136,486,702 132,480,584
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 255,902,501 $ 252,039,201