Note K - Recently Issued Accounting Pronouncements

3 Months Ended

Apr. 03, 2022

Notes to Financial Statements

Accounting Standards Update and Change in Accounting Principle [Text Block]

NOTE K – RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

The Company assesses the impacts of adopting recently issued accounting standards by the Financial Accounting Standards Board on the Company's financial statements, and updates previous assessments, as necessary, from the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021.  There were no new accounting standards issued or adopted in the quarter ended April 3, 2022 that would have a material impact on the Company's consolidated financial statements.