Note I - Commitments and Contingencies |
6 Months Ended |
|---|---|
Jul. 05, 2026 | |
| Notes to Financial Statements | |
| Commitments and Contingencies Disclosure [Text Block] |
NOTE I – COMMITMENTS AND CONTINGENCIES The Company is involved in largely routine litigation incidental to its business. Management believes the ultimate outcome of the litigation will not have a material effect on the Company's consolidated financial position, liquidity, or results of operations.
During the quarter ended July 5, 2026, the Company entered into certain construction agreements with vendors related to the expansion of plant and equipment at its Tech Ord facility in Clear Lake, South Dakota of $38,116,000. While the Company may cancel or change the agreements, it may incur costs for work already completed by the vendors or for construction materials the vendors cannot use in other of their customers' projects or return to their suppliers.
|