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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 02, 2016
Jan. 02, 2016
Current assets:    
Cash and cash equivalents $ 231 $ 547
Receivables, net 23,329 22,715
Receivable for insured losses 17  
Inventories    
Finished goods 8,357 7,446
Work in process 1,096 1,459
Raw materials and supplies 10,447 10,741
Prepaid expenses 2,407 2,138
Refundable income taxes   70
Total current assets 45,884 45,116
Property, plant and equipment 19,124 17,639
Other assets    
Goodwill 7,229 7,229
Amortizable intangible assets, net 0 21
Deferred income taxes 3,329 3,149
Other assets 2,601 2,601
Total assets 78,167 75,755
Current liabilities:    
Revolving bank loan payable 4,700 6,200
Accounts payable and accrued expenses 16,131 15,267
Liability for unpaid claims covered by insurance 17  
Income taxes 513  
Total current liabilities 21,361 21,467
Other long-term liabilities 5,929 5,872
SHAREHOLDERS' EQUITY    
Common shares, $.25 par value; authorized 3,000,000 shares; issued 2,574,264 shares 643 643
Capital in excess of par value 1,765 1,817
Retained earnings 63,792 61,483
Treasury shares, 901,097 and 913,097, at cost (15,323) (15,527)
Total shareholders' equity 50,877 48,416
Total liabilities and shareholders' equity $ 78,167 $ 75,755