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Stock Compensation Expense
6 Months Ended
Jul. 02, 2011
Stock Compensation Expense [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Text Block]
STOCK COMPENSATION EXPENSE


The Company recognizes compensation expense relating to share-based payments based on the fair value of the equity issued and records such expense in selling and administrative expenses in the Company's Consolidated Condensed Financial Statements.  The number of shares to be issued is determined by dividing the specified dollar value of the award by the market value per share on the grant date.  Pursuant to a policy adopted by the Compensation Committee of the Board of Directors applicable to awards granted for years subsequent to 2008, $5.00 per share will be used as the market value per share to calculate the number of shares to be issued if the market value per share is less than $5.00 per share on the grant date.


The Company's stock compensation expense was $200 and $373 for the three and six months ended July 2, 2011 and $262 and $497 for the three and six months ended June 26, 2010, respectively.


On March 14, 2011, the Company granted 91,340 shares of restricted stock to officers and other key employees.  The grant-date fair value of the awards was $417, or $4.565 per share, and will be recognized as stock compensation expense over the vesting periods which range from 2 to 16 years from the date the awards were granted.  Each award is subject to a continued service condition.  The fair value of each share of restricted stock awarded was equal to the market value of a share of the Company's Common Stock on the grant date.