LINE OF CREDIT	3 Months Ended
Apr. 03, 2021
Line of Credit Facility [Abstract]
LINE OF CREDIT	NOTE 6 — LINE OF CREDIT The Company has a $40 million revolving line of credit with a bank. This facility is renewable annually and terminates on September 30, 2021. Borrowings under this facility bear interest at the one-month LIBOR rate (0.11% at April 3, 2021) plus 150 basis points. The Company is charged one-quarter of a percent (0.25%) per year on the unused portion. The facility includes certain terms and covenants, including the requirement that the Company to maintain a minimum earnings before interest, taxes, depreciation and amortization (EBITDA) for the preceding four quarters in any quarter that the Company draws on the line of credit. During the first quarter of 2020, the Company made a $1 million draw from the facility while it was not in compliance with this covenant. The draw was subsequently repaid prior to the end of the first quarter. The Company notified the lender and was granted a waiver on June 30, 2020. At April 3, 2021 and December 31, 2020, the Company was in compliance with the terms and covenants of the credit facility. At April 3, 2021, there was no outstanding balance on the line of credit.

LINE OF CREDIT

3 Months Ended

Apr. 03, 2021

NOTE 6 — LINE OF CREDIT

The Company has a $40 million revolving line of credit with a bank. This facility is renewable annually and terminates on September 30, 2021. Borrowings under this facility bear interest at the one-month LIBOR rate (0.11% at April 3, 2021) plus 150 basis points. The Company is charged one-quarter of a percent (0.25%) per year on the unused portion. The facility includes certain terms and covenants, including the requirement that the Company to maintain a minimum earnings before interest, taxes, depreciation and amortization (EBITDA) for the preceding four quarters in any quarter that the Company draws on the line of credit. During the first quarter of 2020, the Company made a $1 million draw from the facility while it was not in compliance with this covenant. The draw was subsequently repaid prior to the end of the first quarter. The Company notified the lender and was granted a waiver on June 30, 2020. At April 3, 2021 and December 31, 2020, the Company was in compliance with the terms and covenants of the credit facility. At April 3, 2021, there was no outstanding balance on the line of credit.