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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 02, 2016
Jan. 02, 2016
Current assets:    
Cash and cash equivalents $ 413,000 $ 547,000
Receivables, net 21,699,000 22,715,000
Inventories    
Finished goods 7,926,000 7,446,000
Work in process 1,386,000 1,459,000
Raw materials and supplies 10,803,000 10,741,000
Prepaid expenses 2,547,000 2,138,000
Refundable income taxes   70,000
Total current assets 44,774,000 45,116,000
Property, plant and equipment 18,071,000 17,639,000
Other assets    
Goodwill 7,229,000 7,229,000
Amortizable intangible assets, net 10,000 21,000
Deferred income taxes 3,329,000 3,149,000
Other assets 2,601,000 2,601,000
Total assets 76,014,000 75,755,000
Current liabilities:    
Revolving bank loan payable 5,500,000 6,200,000
Accounts payable and accrued expenses 15,547,000 15,267,000
Income taxes 157,000  
Total current liabilities 21,204,000 21,467,000
Other long-term liabilities 5,886,000 5,872,000
SHAREHOLDERS' EQUITY    
Common shares, $.25 par value; authorized 3,000,000 shares; issued 2,574,264 shares 643,000 643,000
Capital in excess of par value 1,817,000 1,817,000
Retained earnings 61,991,000 61,483,000
Treasury shares, 913,097, at cost (15,527,000) (15,527,000)
Total shareholders' equity 48,924,000 48,416,000
Total liabilities and shareholders' equity $ 76,014,000 $ 75,755,000