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Note 7 - Other Expense (Income), Net
 9 Months Ended
Oct. 04, 2020
Notes to Financial Statements  
Other Income and Other Expense Disclosure [Text Block]
(
7
)
Other
Expense
(Income), Net
 
The Company completed the sale of the Broadway Plant real estate for
$1,700,000
and other idle assets for
$268,000
and recognized net gains of
$813,000
during the
nine
months ended
October 4, 2020,
which is included in other income, net on the Company's consolidated income statements. Additionally, the Company recognized pension expense of
$603,000
and foreign currency related expense of
$73,000
during the
nine
months ended
October 4, 2020.
 
During the
nine
months ended
September 29, 2019,
the Company recognized a gain of
$1,500,000
as a result of a settlement agreement with
one
of its customers to resolve various outstanding disputes between the
two
parties. As a result of the agreement, the customer paid the Company
$1,500,000
during the
three
months ended
September 
29,
 
2019.
Additionally, the Company recognized a net gain of
$467,000
for the
nine
months ended
September 29, 
2019
related to the sale of idle assets, which was offset by pension expense of
$743,000.