v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 04, 2026
Jan. 03, 2026
Current Assets    
Cash and cash equivalents $ 7,616,721 $ 7,412,019
Accounts receivable, less allowances: 2026 - $654,901; 2025 - $633,391 32,552,064 30,128,669
Inventories 53,070,606 56,343,756
Current portion of notes receivable 28,844 33,844
Prepaid expenses and other current assets 6,327,063 5,349,486
Total Current Assets 99,595,298 99,267,774
Property, Plant and Equipment 61,946,747 60,163,556
Accumulated depreciation (35,168,354) (33,246,213)
Property, Plant and Equipment, Net 26,778,393 26,917,343
Goodwill 58,595,819 58,631,336
Trademarks 5,082,717 5,082,767
Patents and other intangibles, net of accumulated amortization 4,662,779 5,269,204
Deferred income taxes 5,528,496 5,528,496
Right of use assets 16,730,406 15,979,696
Other Long-term assets 119,206 0
Total Other Assets 90,719,423 90,491,499
TOTAL ASSETS 217,093,114 216,676,616
Current Liabilities    
Accounts payable 17,515,661 16,426,259
Accrued compensation 4,522,283 4,203,720
Other accrued expenses 2,510,018 2,349,400
Current portion of operating lease liability 3,055,121 3,729,769
Current portion of finance lease liability 710,099 908,332
Total Current Liabilities 28,313,182 27,617,480
Other long-term liabilities 464,902 464,902
Operating lease liability, less current portion 13,675,376 12,235,188
Finance lease liability, less current portion 3,124,561 3,080,446
Long-term debt, less current portion 32,892,335 33,902,353
Accrued postretirement benefits 329,608 332,165
Accrued pension cost 13,765,021 14,398,753
Total Liabilities 92,564,985 92,031,287
Shareholders' Equity    
Common Stock, no par value, Authorized: 50,000,000 shares Issued: 9,189,555 shares as of April 4, 2026 and 9,179,288 shares as of January 3, 2026 Outstanding: 6,030,914 shares as of April 4, 2026 and 6,041,767 shares as of January 3, 2026 36,195,242 36,337,100
Treasury Stock: 3,158,641 shares as of April 4, 2026 and 3,137,521 shares as of January 3, 2026 (30,490,132) (30,067,777)
Retained earnings 137,972,757 137,997,382
Accumulated other comprehensive loss:    
Foreign currency translation (1,276,177) (1,437,363)
Unrealized gain on foreign currency swap, net of tax 669,248 570,097
Unrecognized net pension and postretirement benefit costs, net of tax (18,542,809) (18,754,110)
Accumulated other comprehensive loss (19,149,738) (19,621,376)
Total Shareholders' Equity 124,528,129 124,645,329
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 217,093,114 $ 216,676,616