Unique Fabricating (UFABQ) 10-Q 10 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 02, 2017	May 05, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Unique Fabricating, Inc.
Entity Central Index Key	1,617,669
Document Type	10-Q
Document Period End Date	Apr. 2, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		9,755,458
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($)	Apr. 02, 2017	Jan. 01, 2017
Current assets
Cash and cash equivalents	$ 712,710	$ 705,535
Accounts receivable – net	31,464,447	26,887,945
Inventory – net	17,141,608	16,731,608
Prepaid expenses and other current assets:
Prepaid expenses and other	3,400,130	2,087,069
Refundable taxes	833,034	783,139
Total current assets	53,551,929	47,195,296
Property, plant, and equipment – net	22,405,278	21,197,922
Goodwill	28,871,179	28,871,179
Intangible assets– net	22,728,653	23,758,342
Other assets
Investments – at cost	1,054,120	1,054,120
Deposits and other assets	302,615	266,369
Deferred tax asset	281,857	193,577
Total assets	129,195,631	122,536,805
Current liabilities
Accounts payable	14,272,927	13,451,816
Current maturities of long-term debt	2,402,173	2,405,446
Income taxes payable	320,868	610,825
Accrued compensation	2,419,542	2,734,155
Other accrued liabilities	933,930	1,065,740
Other liabilities	10,111	168,880
Total current liabilities	20,359,551	20,436,862
Long-term debt – net of current portion	27,444,666	28,029,041
Line of credit-net	26,273,788	20,176,058
Deferred tax liability	4,400,821	3,836,281
Total liabilities	78,478,826	72,478,242
Stockholders’ Equity
Common stock, $0.001 par value – 15,000,000 shares authorized and 9,754,609 and 9,719,772 issued and outstanding at April 2, 2017 and January 1, 2017, respectively	9,755	9,720
Additional paid-in-capital	45,596,380	45,525,237
Retained earnings	5,110,670	4,523,606
Total stockholders’ equity	50,716,805	50,058,563
Total liabilities and stockholders’ equity	$ 129,195,631	$ 122,536,805

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Apr. 02, 2017	Jan. 01, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	9,754,609	9,719,772
Common stock, shares outstanding	9,754,609	9,719,772

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Income Statement [Abstract]
Net sales	$ 47,857,096	$ 39,982,504
Cost of sales	36,749,935	30,382,558
Gross profit	11,107,161	9,599,946
Selling, general, and administrative expenses	7,591,704	6,554,601
Restructuring expenses	0	35,054
Operating income	3,515,457	3,010,291
Non-operating income (expense)
Other income, net	14,216	49
Interest expense	(615,696)	(341,122)
Total non-operating expense, net	(601,480)	(341,073)
Income – before income taxes	2,913,977	2,669,218
Income tax expense	867,140	835,567
Net income	$ 2,046,837	$ 1,833,651
Net income per share
Basic (in USD per share)	$ 0.21	$ 0.19
Diluted (in USD per share)	0.21	0.19
Cash dividends declared per share (in USD per share)	$ 0.15	$ 0.15

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings
Stockholders' Equity, beginning balance (in shares) at Jan. 03, 2016	9,591,860
Stockholders' Equity, beginning balance at Jan. 03, 2016	$ 48,013,124	$ 9,592	$ 44,352,188	$ 3,651,344
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,833,651			1,833,651
Stock option expense	$ 39,098		39,098
Exercise of warrants and options for common stock (in shares)	34,571
Exercise of warrants and options for common stock	$ 103,987	35	103,952
Cash dividends paid	$ (1,443,954)			(1,443,954)
Stockholders' Equity, ending balance (in shares) at Apr. 03, 2016	9,626,431
Stockholders' Equity, ending balance at Apr. 03, 2016	$ 48,545,906	9,627	44,495,238	4,041,041
Stockholders' Equity, beginning balance (in shares) at Jan. 01, 2017	9,719,772
Stockholders' Equity, beginning balance at Jan. 01, 2017	$ 50,058,563	9,720	45,525,237	4,523,606
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,046,837			2,046,837
Stock option expense	$ 37,508		37,508
Exercise of warrants and options for common stock (in shares)	34,837
Exercise of warrants and options for common stock	$ 33,670	35	33,635
Cash dividends paid	$ (1,459,773)			(1,459,773)
Stockholders' Equity, ending balance (in shares) at Apr. 02, 2017	9,754,609
Stockholders' Equity, ending balance at Apr. 02, 2017	$ 50,716,805	$ 9,755	$ 45,596,380	$ 5,110,670

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Cash flows from operating activities
Net income	$ 2,046,837	$ 1,833,651
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	1,528,843	1,132,356
Amortization of debt issuance costs	33,019	24,780
(Gain) loss on sale of assets	(625)	3,067
Bad debt adjustment	32,931	31,837
Gain on derivative instrument	(195,016)	(2,515)
Stock option expense	37,508	39,098
Deferred income taxes	476,260	(15,103)
Changes in operating assets and liabilities that provided (used) cash:
Accounts receivable	(4,609,433)	(5,402,983)
Inventory	(410,000)	778,215
Prepaid expenses and other assets	(1,362,955)	152,493
Accounts payable	1,374,548	741,232
Accrued and other liabilities	(736,380)	171,481
Net cash used in operating activities	(1,784,463)	(512,391)
Cash flows from investing activities
Purchases of property and equipment	(1,708,386)	(655,136)
Proceeds from sale of property and equipment	2,500	0
Net cash used in investing activities	(1,705,886)	(655,136)
Cash flows from financing activities
Net change in bank overdraft	(553,437)	784,082
Payments on term loans	(603,272)	0
Proceeds from revolving credit facilities	6,080,336	3,075,686
Pay-off of old senior credit facility term debt	0	(629,678)
Proceeds from exercise of stock options and warrants	33,670	103,987
Distribution of cash dividends	(1,459,773)	(1,443,954)
Net cash provided by financing activities	3,497,524	1,890,123
Net increase (decrease) in cash and cash equivalents	7,175	722,596
Cash and cash equivalents – beginning of period	705,535	726,898
Cash and cash equivalents – end of period	712,710	1,449,494
Supplemental disclosure of cash flow Information – cash paid for
Interest	575,280	318,483
Income taxes	$ 493,065	$ 75,965

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	3 Months Ended
	Apr. 02, 2017
Accounting Policies [Abstract]
Nature of Business and Significant Accounting Policies	Nature of Business and Significant Accounting Policies Nature of Business — UFI Acquisition, Inc. (“UFI”), a Delaware corporation, was formed on January 14, 2013, for the purpose of acquiring Unique Fabricating, Inc. and its subsidiaries (Unique Fabricating) (collectively, the “Company” or “Unique”) on March 18, 2013. The Company operates as one operating and reportable segment to fabricate and broker foam and rubber products, which are primarily sold to original equipment manufacturers (“OEMs”) and tiered suppliers in the automotive, appliance, water heater and heating, ventilation and air conditioning (HVAC) industries. In September 2014, UFI changed its name to Unique Fabricating, Inc. which is now the parent company of the consolidated group. As a result of the name change, the subsidiary previously named Unique Fabricating, Inc. became Unique Fabricating NA, Inc. Basis of Presentation — The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The information furnished in the Consolidated Financial Statements includes normal recurring adjustments and reflects all adjustments which are, in the opinion of management, necessary for the fair presentation of such financial statements. The interim results for the periods presented may not be indicative of the Company's actual annual results. Principles of Consolidation — The consolidated financial statements include the accounts of the Company and all subsidiaries over which the Company exercises control. All intercompany transactions and balances have been eliminated upon consolidation. Fiscal Years — The Company’s quarterly periods end on the Sunday closest to the end of the calendar quarterly period. The quarterly period, which was 13 weeks during 2017, ended on April 2, 2017 , and the quarterly period, which was 13 weeks during 2016, ended on April 3, 2016 . Fiscal year 2016 ended on Sunday, January 1, 2017 . Cash and Cash Equivalents — The Company considers all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents. Accounts Receivable — Accounts receivable are stated at the invoiced amount and do not bear interest. The allowance for doubtful accounts is management’s best estimate of the amount of probable credit losses in the existing accounts receivable. Management determines the allowance based on historical write-off experience and an understanding of individual customer payment history and financial condition. Management reviews the allowance for doubtful accounts at regular intervals. Account balances are charged off against the allowance when management determines it is probable the receivable will not be recovered. The allowance for doubtful accounts was $660,199 and $655,312 at April 2, 2017 and January 1, 2017 , respectively. Inventory — Inventory is stated at the lower of cost or market, with cost determined on the first in, first out method (FIFO). Inventory acquired as part of a business combination is recorded at its estimated fair value at the time of the business combination. The Company periodically evaluates inventory for obsolescence, excess quantities, slow moving goods and other impairments of value and establishes reserves for any identified impairments. Valuation of Long-Lived Assets — The carrying value of long-lived assets held for use is periodically evaluated when events or circumstances warrant such a review. The carrying value of a long-lived asset held for use is considered impaired when the anticipated separately identifiable undiscounted cash flows from the asset are less than the carrying value of the asset. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset. The Company determined that no impairment indicators were present and all originally assigned useful lives remained appropriate during the 13 weeks ended April 2, 2017 and 13 weeks ended April 3, 2016 , respectively. Property, Plant, and Equipment — Property, plant, and equipment purchases are recorded at cost. Property, plant, and equipment acquired as part of a business combination are recorded at estimated fair value at the time of the business combination. Depreciation is calculated using the straight line method over the estimated useful life of each asset. Leasehold improvements are depreciated over the shorter of the estimated useful life of the asset or the period of the related leases. Upon retirement or disposal, the initial cost or valuation and accumulated depreciation are removed from the accounts, and any gain or loss is included in net income. Repair and maintenance costs are expensed as incurred. Intangible Assets — The Company does not hold any intangible assets with indefinite lives. Identifiable intangible assets recognized as part of a business combination are recorded at their estimated fair value at the time of the business combination. Acquired intangible assets subject to amortization are amortized on a straight line basis, which approximates the pattern in which the economic benefit of the respective intangible is realized, over their respective estimated useful lives. Amortizable intangible assets are reviewed for impairment whenever events or circumstances indicate that the related carrying amount may be impaired. The remaining useful lives of intangible assets are reviewed to determine whether events and circumstances warrant a revision to the remaining period of amortization. The Company determined that no impairment indicators were present and all originally assigned useful lives remained appropriate during the 13 weeks ended April 2, 2017 and 13 weeks ended April 3, 2016 , respectively. Goodwill — Goodwill represents the excess of the acquisition cost of consideration transferred over the fair value of the identifiable assets acquired and liabilities assumed from business combinations at the date of acquisition. Goodwill is not amortized, but rather is assessed at least on an annual basis for impairment. If it is determined that it is more likely than not that the fair value is greater than the carrying value of a reporting unit then a qualitative assessment may be used for the annual impairment test. Otherwise, a one-step process is used which requires estimating the fair value of each reporting unit compared to its carrying value. If the carrying value exceeds the estimated fair value, goodwill impairment will be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. There were no impairment charges recognized during the 13 weeks ended April 2, 2017 and 13 weeks ended April 3, 2016 , respectively. Debt Issuance Costs — Debt issuance costs represent legal, consulting, and other financial costs associated with debt financing and are reported netted against the related debt instrument. Amounts paid to or on behalf of lenders are presented as debt discount, as a reduction of the associated debt instrument. Debt issuance costs on term debt are amortized using the straight line basis over the term of the related debt (which is immaterially different from the required effective interest method) while those related to revolving debt are amortized using a straight line basis over the term of the related debt. At April 2, 2017 and January 1, 2017 , debt issuance costs were $284,227 and $301,620 , respectively, while amounts paid to or on behalf of lenders presented as debt discounts were $255,333 and $270,959 , respectively. On April 29, 2016, the Company refinanced its existing term loan and revolving debt facility with new term loans and a new revolving debt facility which are further described in Note 6. The Company reviewed this refinancing for extinguishment accounting and concluded that $60,202 of the $160,111 remaining issuance costs not amortized on the old revolving debt facility qualified for extinguishment and were recognized as a loss on extinguishment immediately. The remaining $99,909 of unamortized issuance costs not extinguished on the old revolving debt facility and all of the $92,508 of remaining unamortized debt discounts on the old term loan did not meet extinguishment accounting and were therefore carried forward to the new revolving debt facility and term loans. Amortization expense has been recognized as a component of interest expense which includes both debt issuance costs and debt discounts in the amounts of $33,019 for the 13 weeks ended April 2, 2017 and $24,780 for the 13 weeks ended April 3, 2016 . Investments — Investments in entities in which the Company has less than a 20 percent interest or is not able to exercise significant influence are carried at cost. Dividends received are included in income, except for those dividends received in excess of the Company’s proportionate share of accumulated earnings, which are applied as a reduction of the cost of the investment. Impairment losses due to a decline in the value of the investment that is other than temporary are recognized when incurred. No dividend income or impairment loss was recognized for the 13 weeks ended April 2, 2017 and 13 weeks ended April 3, 2016 , respectively. Accounts Payable — Under the Company’s cash management system, checks issued but not yet presented to the Company’s bank frequently result in overdraft balances for accounting purposes and are classified as accounts payable on the consolidated balance sheets. Accounts payable included $2,452,071 and $2,938,750 of checks issued in excess of available cash balances at April 2, 2017 and January 1, 2017 , respectively. Stock Based Compensation — The Company accounts for its stock based compensation using the fair value of the award estimated at the grant date of the award. The Company estimates the fair value of awards, consisting of stock options, using the Black Scholes option pricing model. Compensation expense is recognized in earnings using the straight line method over the vesting period, which represents the requisite service period. Revenue Recognition — Revenue is recognized by the Company upon shipment to customers when the customer takes ownership and assumes the risk of loss, collection of the relevant receivable is probable, persuasive evidence of an arrangement exists, and the sale price is fixed and determinable. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. Shipping and Handling — Shipping and handling costs are included in costs of sales as they are incurred. Income Taxes — A current tax liability or asset is recognized for the estimated taxes payable or refundable on tax returns for the period. Deferred tax liabilities or assets are recognized for the estimated future tax effects of temporary differences between financial reporting and tax accounting measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company also evaluates the need for valuation allowances to reduce the deferred tax assets to realizable amounts. Management evaluates all positive and negative evidence and uses judgment regarding past and future events, including operating results, to help determine when it is more likely than not that all or some portion of the deferred tax assets may not be realized. When appropriate, a valuation allowance is recorded against deferred tax assets to reserve for future tax benefits that may not be realized. The Company recognizes the financial statement effects of a tax position when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon settlement with the relevant tax authority. The Company assesses all tax positions for which the statute of limitations remain open. The Company had no unrecognized tax benefits as of April 2, 2017 and January 1, 2017 . The Company recognizes any penalties and interest when necessary as income tax expense. There were no penalties or interest recorded during the 13 weeks ended April 2, 2017 and April 3, 2016 , respectively. Foreign Currency Adjustments — The Company’s functional currency for all operations worldwide is the United States dollar. Nonmonetary assets and liabilities of foreign operations are remeasured at historical rates and monetary assets and liabilities are remeasured at exchange rates in effect at the end of each reporting period. Income statement accounts are remeasured at average exchange rates for the year. Gains and losses from translation of foreign currency financial statements into United States dollars are classified in other income in the consolidated statements of operations. Concentration Risks — The Company is exposed to various significant concentration risks as follows: Customer and Credit — During the 13 weeks ended April 2, 2017 and 13 weeks ended April 3, 2016 , the Company’s net sales were derived from customers principally engaged in the North American automotive industry. Company sales directly and indirectly to General Motors Company (GM), Fiat Chrysler Automobiles (FCA), and Ford Motor Company (Ford) as a percentage of total net sales were: 15 , 10 , and 12 percent, respectively, during the 13 weeks ended April 2, 2017 ; and 13 , 12 , and 14 percent, respectively, during the 13 weeks ended April 3, 2016 . No Tier 1 supplier represented more than 10 percent of direct Company sales for any period noted above. No customer accounted for more than 10 percent of direct accounts receivable as of April 2, 2017 . GM accounted for 12 percent of direct accounts receivable as of January 1, 2017 . Labor Markets — At April 2, 2017 , of the Company’s hourly plant employees working in the United States manufacturing facilities, 30 percent were covered under a collective bargaining agreement which expires in August 2019 while another 6 percent were covered under a separate collective bargaining agreement that expires in February 2020. Foreign Currency Exchange — The expression of assets and liabilities in a currency other than the Company's functional currency, which is the United States dollar, gives rise to exchange gains and losses when such assets and obligations are paid in another currency. Foreign currency exchange rate adjustments (i.e., differences between amounts recorded and actual amounts owed or paid) are reported in the consolidated statements of operations as the foreign currency fluctuations occur. Foreign currency exchange rate adjustments are reported in the consolidated statements of cash flows using the exchange rates in effect at the time of the cash flows. At April 2, 2017 , the Company’s exposure to assets and liabilities denominated in another currency was not significant. To the extent there is a fluctuation in the exchange rates, the amount of local currency to be paid or received to satisfy foreign currency obligations in 2017 may increase or decrease. International Operations — The Company manufactures and sells products outside of the United States primarily in Mexico and Canada. Foreign operations are subject to various political, economic and other risks and uncertainties inherent in foreign countries. Among other risks, the Company’s operations may be subject to the risks of: restrictions on transfers of funds; export duties, quotas, and embargoes; domestic and international customs and tariffs; changing taxation policies; foreign exchange restrictions; political conditions; and governmental regulations. During the 13 weeks ended April 2, 2017 and 13 weeks ended April 3, 2016 , 13 and 11 percent, respectively, of the Company’s production occurred in Mexico. During the 13 weeks ended April 2, 2017 and 13 weeks ended April 3, 2016 , 9 and 0 percent, respectively, of the Company's production occurred in Canada. Sales derived from customers located in Mexico, Canada, and other foreign countries were 13 , 10 , and 1 percent, respectively, during the 13 weeks ended April 2, 2017 , and 12 , 5 , and 1 percent, respectively, during the 13 weeks ended April 3, 2016 , of the Company’s total sales. Derivative Financial Instruments — All derivative instruments are required to be reported on the consolidated balance sheets at fair value unless the transactions qualify and are designated as normal purchases or sales. Changes in fair value are reported currently through earnings unless they meet hedge accounting criteria. See Note 7 for further information regarding the Company's derivative instrument makeup. Use of Estimates — The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers . This ASU supersedes most of the existing guidance on revenue recognition in ASC Topic 605, Revenue Recognition, and establishes a broad principle that would require an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this principle, an entity identifies the contract with a customer, identifies the separate performance obligations in the contract, determines the transaction price, allocates the transaction price to the separate performance obligations and recognizes revenue when each separate performance obligation is satisfied. In August 2015, the FASB issued ASU 2015-14, Revenue From Contracts with Customers (Topic 606): Deferral of the Effective Date, to defer implementation of ASU 2014-09 by one year. The guidance is now currently effective for fiscal years beginning after December 15, 2018 and is to be applied retrospectively at the entity's election either to each prior reporting period presented or with the cumulative effect of application recognized at the date of initial application. The ASU allows for early adoption for fiscal years beginning after December 15, 2016, and the Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases, which will supersede the current lease requirements in Topic 850. The ASU requires lessees to recognize a right of use asset and related lease liability for all leases, with a limited exception for short-term leases. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the statement of operations. Currently, leases are classified as either capital or operating, with only capital leases recognized on the balance sheet. The reporting of lease related expenses in the consolidated statements of operations and cash flows will be generally consistent with current guidance. The ASU is effective for the Company for financial statements issued for fiscal years beginning after December 15, 2019. The Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvement to Employee Share-based Payment Accounting (ASU 2016-09), to simplify the accounting for share-based payment transactions. The ASU is effective for the Company for financial statements issued for fiscal years beginning after December 15, 2017. The Company early adopted this ASU during 2016 and applied the change to this period and future periods in the consolidated financial statements. Excess tax benefits are no longer disclosed in the consolidated statements of cash flows as a result of this early adoption and are also recognized as income tax expense in the income statement. The Company adopted the provisions related to forfeitures as well to record actual forfeitures as they occur, and the impact on our condensed consolidated balance sheet as of April 2, 2017 and January 1, 2017 was immaterial. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , accounting guidance which removes Step 2 of the goodwill impairment test. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The ASU is effective for annual or interim reporting periods beginning after December 15, 2021. Early adoption is permitted. The Company adopted the provisions related to this ASU during the 13 weeks ended April 2, 2017 and the impact was immaterial.

Business Combinations

Business Combinations	3 Months Ended
	Apr. 02, 2017
Business Combinations [Abstract]
Business Combinations	Business Combinations 2016 On April 29, 2016, Unique-Intasco Canada, Inc. (the “Canadian Buyer”), a newly formed subsidiary of the Company, acquired the business and substantially all of the assets of Intasco Corporation , a Canadian based tape manufacturer, for a purchase price of $21,049,045 in cash at closing. On the same date, Unique Fabricating NA, Inc. (the “US Buyer”), an existing subsidiary of the Company, purchased 100% of the outstanding capital stock of Intasco USA, Inc., a United States based tape manufacturer, for a purchase price of $890,726 paid by the issuance of 70,797 shares of the Company's common stock. These shares were issued in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended. A portion of the purchase price is being held in escrow to fund the obligations of Intasco Corporation and Intasco USA, Inc., (together “Intasco”) and a related party to indemnify the Canadian Buyer and US Buyer against certain claims, losses, and liabilities. The purchase agreement included a potential purchase price adjustment provision based on the actual working capital acquired on the day of closing as compared to what was originally estimated at closing. On the date of closing, the Company paid an estimated working capital adjustment of $126,047 to Intasco, which is included in the total cash consideration paid above. During August 2016, Intasco paid the Company $212,823 for the actual final working capital adjustment. This final actual working capital settlement is included in the table below. The cash purchase price was paid with borrowings under a new senior credit facility which replaced the Company's existing facility as further described in Note 6. The Company incurred transaction costs of $852,580 related to the acquisition of Intasco. The acquisition significantly broadens the Company's solution offering, production capabilities, and potentially expands its reach into new markets. In connection with the business combination, Intasco terminated the leases it had with an affiliated entity for its operating facilities in the United States and Canada and the Company entered into new leases for the same facilities. The terms of the Company's lease in the United States provides for a term of two years with monthly rental payments of $4,000 beginning on May 1, 2016 and $4,080 beginning on May 1, 2017. The terms of the Company's lease in Canada provides for a term of five years with monthly rental payments of $16,750 Canadian Dollars beginning on May 1, 2016, $17,085 Canadian Dollars beginning on May 1, 2017, and $17,427 Canadian Dollars beginning on May 1, 2019. The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed. Cash $ 18,250 Accounts receivable 2,146,082 Inventory 2,485,781 Other current assets 74,194 Property, plant, and equipment 861,491 Identifiable intangible assets 7,316,694 Accounts payable and accrued liabilities (716,080 ) Deferred tax liability (97,622 ) Total identifiable net assets 12,088,790 Goodwill 9,657,221 Total 21,746,011 The goodwill arising from the acquisition consists largely of Intasco's reputation, trained employees, and other unique features that cannot be associated with a specific identifiable asset. Of the total amount of goodwill recognized, $7,267,507 is expected to be deductible for tax purposes. The Company also recognized intangible assets as part of the acquisition which consisted of customer contracts, trade names, and unpatented technology. For further detail of the Company's intangibles please see Note 5. The consolidated operating results for the 13 weeks ended April 3, 2016 does not include any operating results from Intasco as the acquisition did not take place until April 29, 2016. The following pro forma supplementary data for the 13 weeks April 3, 2016 gives effect to the acquisition of Intasco as if it had occurred on January 5, 2015 (the first day of the Company's 2015 fiscal year). The pro forma supplementary data is provided for informational purposes only and should not be construed to be indicative of the Company’s results of operations had the acquisitions been consummated on the dates assumed and does not project the Company’s results of operations for any future date. Thirteen Weeks Ended April 3, 2016 Net sales $ 44,367,399 Net income $ 1,877,528 Net income per common share – basic $ 0.20 Net income per common share – diluted $ 0.19

Inventory

Inventory	3 Months Ended
	Apr. 02, 2017
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory consists of the following: April 2, January 1, Raw materials $ 9,579,416 $ 9,513,980 Work in progress 795,173 623,504 Finished goods 6,767,019 6,594,124 Total inventory $ 17,141,608 $ 16,731,608 Included in inventory are assets located in Mexico with a carrying amount of $3,065,553 at April 2, 2017 and $2,911,926 at January 1, 2017 , and assets located in Canada with a carrying amount of $1,307,127 at April 2, 2017 and $1,180,400 at January 1, 2017 . The inventory acquired in the 2016 acquisition of Intasco included a fair value adjustment of $318,518 which was all included in cost of goods sold in 2016.

Property, Plant, and Equipment

Property, Plant, and Equipment	3 Months Ended
	Apr. 02, 2017
Property, Plant and Equipment [Abstract]
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant, and equipment consists of the following: April 2, January 1, Depreciable Life – Years Land $ 1,663,153 $ 1,663,153 Buildings 7,606,125 7,541,976 23 – 40 Shop equipment 14,220,173 13,003,025 7 – 10 Leasehold improvements 951,477 913,097 3 – 10 Office equipment 1,284,384 1,188,746 3 – 7 Mobile equipment 218,743 218,743 3 Construction in progress 1,715,159 1,425,090 Total cost 27,659,214 25,953,830 Accumulated depreciation 5,253,936 4,755,908 Net property, plant, and equipment $ 22,405,278 $ 21,197,922 Depreciation expense was $499,154 for the 13 weeks ended April 2, 2017 and $427,355 for the 13 weeks ended April 3, 2016 . Included in property, plant, and equipment are assets located in Mexico with a carrying amount of $2,399,733 and $1,586,472 at April 2, 2017 and January 1, 2017 , respectively, and assets located in Canada with a carrying amount of $722,804 and $755,040 at April 2, 2017 and January 1, 2017 , respectively.

Intangible Assets

Intangible Assets	3 Months Ended
	Apr. 02, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets of the Company consist of the following at April 2, 2017 : Gross Carrying Amount Accumulated Amortization Weighted Average Life – Years Customer contracts $ 26,523,065 $ 9,076,925 8.16 Trade names 4,673,044 941,792 16.43 Non-compete agreements 1,161,790 862,747 2.53 Unpatented technology $ 1,534,787 $ 282,569 5.00 Total $ 33,892,686 $ 11,164,033 Intangible assets of the Company consist of the following at January 1, 2017 : Gross Carrying Accumulated Weighted Average Customer contracts $ 26,523,065 $ 8,240,853 8.16 Trade names 4,673,044 868,866 16.43 Non-compete agreements 1,161,790 818,585 2.53 Unpatented technology 1,534,787 $ 206,040 5.00 Total $ 33,892,686 $ 10,134,344 The weighted average amortization period for all intangible assets is 8.96 years . Amortization expense for intangible assets totaled $1,029,689 for the 13 weeks ended April 2, 2017 , and $705,001 for the 13 weeks ended April 3, 2016 , respectively. Estimated amortization expense is as follows: 2017 $ 3,091,241 2018 4,070,321 2019 3,945,264 2020 3,913,627 2021 2,455,712 Thereafter 5,252,488 Total $ 22,728,653

Long-term Debt

Long-term Debt	3 Months Ended
	Apr. 02, 2017
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Old Senior Credit Facility Until April 29, 2016, the Company had a senior credit facility with Citizens Bank, National Association pursuant to which we could borrow up to $20.0 million under a term loan and $25.0 million under a revolving line of credit. On April 29, 2016, in conjunction with the acquisition of Intasco, this senior credit facility was repaid and terminated and replaced with a new senior credit facility which is described below. On the date of termination, there was $15.4 million outstanding under the term loan and $17.3 million outstanding under the revolving line of credit, all of which were repaid. Borrowings under the revolving line of credit were subject to a borrowing base, bore interest at the 30 day LIBOR plus a margin that ranged from 2.75 percent to 3.25 percent (an effective rate of 3.5000 percent per annum at April 3, 2016.), and were secured by substantially all of the Company’s assets. The half percent range per annum on the term loan and revolving line of credit was determined quarterly based on the senior leverage ratio. The revolving line of credit was going to mature on December 18, 2017. New Credit Agreement On April 29, 2016, Unique Fabricating NA, Inc. (the “US Borrower”) and Unique-Intasco Canada, Inc. (the “CA Borrower”) and Citizens Bank, National Association (“Citizens”), acting as syndication agent, and other lenders, entered into a credit agreement (the “New Credit Agreement”) providing for borrowings of up to the aggregate principal amount of $62.0 million. The New Credit Agreement is a senior secured credit facility and consists of a revolving line of credit of up to $30.0 million (the “New Revolver”) to the US Borrower, a $17.0 million principal amount term loan (the “US Term Loan”) to the US Borrower, and a $15.0 million principal amount term loan (the “CA Term Loan”) to the CA Borrower. At Closing, the US Term Loan and the CA Term Loan were fully funded and the US Borrower borrowed approximately $22.9 million under the New Revolver. The borrowings were used to finance the acquisition of Intasco, including working capital adjustments and amounts paid into escrow, and to repay the Company’s existing senior credit facility, which was terminated as noted above. The New Revolver, US Term Loan, and CA Term Loan all mature on April 28, 2021 and bear interest at the Company's election of either (i) the greater of the Prime Rate or the Federal Funds Effective Rate (the “Base Rate”) or ii) the LIBOR rate, plus an applicable margin ranging from 1.75% to 2.50% per annum in the case of the Base Rate and 2.75% to 3.50% per annum in the case of the LIBOR rate, in each case, based on senior leverage ratio thresholds, measured quarterly. In addition, the New Credit Agreement allows for increases in the principal amount of the New Revolver and the US and CA Term Loans not to exceed a $10.0 million principal amount, in the aggregate, provided that before and after giving effect to the proposed increase (and any transactions to be consummated using proceeds of the increase), the total leverage and debt service coverage ratios do not exceed specified amounts. The New Credit Agreement also provides for the issuance of letters of credit with a face amount of up to a $2.0 million, in the aggregate, provided that any letter of credit that is issued will reduce availability under the New Revolver. As of April 2, 2017 , $26,558,014 was outstanding under the New Revolver. This amount is gross of debt issuance costs which are further described in Note 1. The New Revolver had an effective interest rate of 4.2806% percent per annum at April 2, 2017 , and is secured by substantially all of the Company’s assets. At April 2, 2017 , the maximum additional available borrowings under the New Revolver were $3,341,986 , which includes a reduction for a $100,000 letter of credit issued for the benefit of the landlord of one of the Company’s leased facilities. The maximum amount available was further subject to borrowing base restrictions. Long term debt consists of the following: April 2, January 1, US Term Loan, payable to lenders in quarterly installments of $318,750 through March 31, 2018, $425,000 through March 31, 2019, and $531,250 through March 31, 2021, with a lump sum due at maturity. The effective interest rate was 4.2806% per annum at April 2, 2017. At April 2, 2017, the balance of the US Term Loan is presented net of a debt discount of $170,978 from costs paid to or on behalf of the lenders. $ 15,554,022 $ 15,862,309 CA Term Loan, payable to lenders in quarterly installments of $281,250 through March 31, 2018, $375,000 through March 31, 2019, and $468,750 through March 31, 2021, with a lump sum due at maturity. The effective interest rate was 4.2806% per annum at April 2, 2017. At April 2, 2017, the balance of the US Term Loan is presented net of a debt discount of $84,355 from costs paid to or on behalf of the lenders. $ 13,790,644 $ 14,066,732 Note payable to the seller of former owner of business Unique acquired in 2014 which is unsecured and subordinated to the New Credit Agreement. Interest accrues monthly at an annual rate of 6.00%. The note payable is due in full on February 6, 2019. 500,000 500,000 Other debt 2,173 5,446 Total debt excluding New Revolver 29,846,839 30,434,487 Less current maturities 2,402,173 2,405,446 Long-term debt – Less current maturities $ 27,444,666 $ 28,029,041 The New Credit Agreement contains customary negative covenants and requires that the Company comply with various financial covenants including a total leverage ratio and debt service coverage ratio, as defined. As of April 2, 2017 , the Company was in compliance with these financial covenants. Additionally, the US Term Loan and CA Term Loan each contain a provision, effective January 1, 2017, that requires an excess cash flow payment to be made if the Company’s cash flow exceeds certain thresholds as defined by the New Credit Agreement and certain performance thresholds are not met. No payment has been required to date. Maturities on the Company’s New Credit Agreement and other long term debt obligations for the remainder of the current fiscal year and future fiscal years are as follows: 2017 $ 1,802,173 2018 3,000,000 2019 4,300,000 2020 4,000,000 2021 43,558,014 Thereafter — Total 56,660,187 Discounts (255,333 ) Debt issuance costs (284,227 ) Total debt – Net $ 56,120,627

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Apr. 02, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Interest Rate Swap The Company holds a derivative financial instrument, in the form of an interest rate swap, as required by its New Credit Agreement, for the purpose of hedging certain identifiable transactions in order to mitigate risks relating to the variability of future earnings and cash flows caused by interest rate fluctuations. The Company has elected not to apply hedge accounting for financial reporting purposes. The interest rate swap is recognized in the accompanying consolidated balance sheets at its fair value. Monthly settlement payments due on the interest rate swap and changes in its fair value are recognized currently in net income as interest expense in the consolidated statements of operations. Effective June 30, 2016, as required under the New Credit Agreement entered into during April 2016 as discussed in Note 6, the Company entered into an interest rate swap which requires the Company to pay a fixed rate of 1.055 percent per annum while receiving a variable rate per annum based on the one month LIBOR for a net monthly settlement based on the notional amount beginning immediately. This terminated the old swap previously entered into on January 17, 2014. The notional amount at the effective date was $16,681,250 which decreases by $318,750 each quarter until June 30, 2017, and begins decreasing by $425,000 per quarter until June 29, 2018, when it begins decreasing by $531,250 per quarter until it expires on June 28, 2019. At April 2, 2017 , the fair value of this new interest rate swap was $136,060 , and was included in other long-term assets in the consolidated balance sheets. The Company paid $11,308 , in the aggregate, in net monthly settlements with respect to the interest rate swap for the 13 weeks ended April 2, 2017 . Both the change in fair value and the monthly settlements were included in interest expense in the consolidated statements of operations. Foreign Currency Forward Contract Effective June 29, 2016, the Company entered into a foreign currency forward contract to hedge the Mexican Peso. The forward contract has an equivalent USD notional amount of $3,300,000 and expires on June 30, 2017. The Company is exposed to market risk, including fluctuations in foreign currency exchange rates which may result in cash flow risks, and as a result from time to time will enter into forward contracts to mitigate risks relating to the variability of future earnings and cash flows caused by foreign currency rate fluctuations. The Company has elected not to apply hedge accounting for financial reporting purposes. The foreign currency forward contract is recognized in the accompanying consolidated balance sheets at its fair value and changes in its fair value are recognized currently in net income as gain/losses on foreign currency exchange (which is part of other income (expense), net) in the consolidated statements of operations. At April 2, 2017 , the fair value of this new foreign currency forward contract was $(10,111) , which at April 2, 2017 was included in other short-term liabilities in the consolidated balance sheets.

Restructuring

Restructuring	3 Months Ended
	Apr. 02, 2017
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring Unique's restructuring activities are undertaken as necessary to implement management's strategy, streamline operations, take advantage of available capacity and resources, and achieve net cost reductions. The restructuring activities generally relate to realignment of existing manufacturing capacity and closure of facilities and other exit or disposal activities, either in the normal course of business or pursuant to specific restructuring programs. On October 27, 2015, the Company announced the planned closure of its manufacturing facility located in Murfreesboro, Tennessee that resulted in a workforce reduction of approximately 30 employees. The planned closure of the Murfreesboro facility was effective in the fourth quarter of 2015 and completed in January 2016. The action was necessary due to the tight labor market in Murfreesboro and the struggle to staff production levels to meet the ongoing growth strategy for Murfreesboro's respective products manufactured at the plant. In order to ensure the Company's ability to service its customers at the increasing volumes projected for the future, the Company decided to move existing Murfreesboro production including equipment to the Company's other manufacturing facilities in Evansville, Indiana and LaFayette, Georgia. The Company evaluated whether or not this closing met the criteria for discontinued operations and concluded that the closing did not meet the definition as the closing does not represent a strategic shift in the Company's operations and the Company will have continuing cash flows from the production being moved to other facilities within the Company. There were no costs incurred with this restructuring in 2017 as the restructuring and costs associated with the closure were all completed in 2016. The Company sold the building it owned in Murfreesboro, which had a net book value of $2,033,327 on October 31, 2016 for cash proceeds of $2,175,185 resulting in a gain on the sale of $147,413 .

Stock Incentive Plans

Stock Incentive Plans	3 Months Ended
	Apr. 02, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Incentive Plans	Stock Incentive Plans 2013 Stock Incentive Plan The Company’s board of directors approved a stock incentive plan (the “Plan”) in 2013. The Plan permits the Company to grant 495,000 non statutory or incentive stock options to the employees, directors and consultants of the Company. 495,000 shares of unissued common stock are required to be reserved for the Plan. The board of directors has the authority to determine the participants to whom stock options shall be awarded as well as any restrictions to be placed upon the awards. The exercise price cannot be less than the fair value of the underlying shares at the time the stock options are issued and the maximum length of an award is ten years . On July 17, 2013 and January 1, 2014, the board of directors approved the issuance of 375,000 and 120,000 non statutory stock option awards, respectively, to employees of the Company with an exercise price of $3.33 per share with a weighted average grant date fair value of $86,450 and $42,000 respectively. On April 29, 2016 the Company issued 7,200 non statutory stock option awards to employees of the Company with an exercise price of $12.58 and with a weighted average grant date fair value of $20,160 . All 3 tranches of grants of the awards vest 20 percent on the grant date and an additional 20 percent on each of the first, second, third and fourth anniversaries thereafter. Vested awards can only be exercised while the participants are employed by the Company. Upon termination, the Company may repurchase the vested awards at their fair value (or their exercise price if terminated for cause) prior to their exercise. The fair value of each option award is estimated on the grant date using a Black Scholes option pricing model that uses the weighted average assumptions noted in the following table. The expected volatility is based on the historical volatility of comparable companies. The Company estimated zero employee terminations based on the options granted being limited to a small pool of senior employees of which the Company has no historical turnover experience. The expected term of the awards was estimated based on findings from academic studies investigating the average holding period for options adjusted for the Company’s size and risk factors. The risk free rate for periods within the contractual life of the option is based on the United States Treasury yield curve in effect at the time of grant. April 29, 2016 January 1, 2014 July 17, 2013 Expected volatility 40.00 % 34.00 % 34.00 % Dividend yield 5.00 % — % — % Expected term (in years) 5 4 4 Risk-free rate 1.28 % 1.27 % 0.96 % 2014 Omnibus Performance Award Plan In 2014, the board of directors and stockholders adopted the Unique Fabricating, Inc. 2014 Omnibus Performance Award Plan, or the 2014 Plan. The 2014 Plan provides for the grant of cash awards, stock options, stock appreciation rights, or SARs, shares of restricted stock and restricted stock units, or RSUs, performance shares and performance units. The 2014 Plan authorizes the grant of awards relating to 250,000 shares of our common stock. In the event of any transaction that causes a change in capitalization, the Compensation Committee, such other committee administering the 2014 Plan or the board of directors will make such adjustments to the number of shares of common stock delivered, and the number and/or price of shares of common stock subject to outstanding awards granted under the 2014 Plan, as it deems appropriate and equitable to prevent dilution or enlargement of participants’ rights. An amendment approved in March 2016 by our board of directors which was approved by our stockholders at our annual meeting of stockholders in June 2016, increased the number of shares authorized for grant of awards under the 2014 Plan to a total of 450,000 shares of our common stock. On August 17, 2015, the board of directors approved the issuance of a total of 230,000 stock option awards of which 45,000 non statutory awards were granted to the board of directors and 185,000 incentive stock options were granted to employees of the Company. All of the awards had an exercise price of $12.50 per share with a weighted average grant date fair value of $625,600 . These awards vest 20 percent on the grant date and an additional 20 percent on each of the first, second, third and fourth anniversaries thereafter. Vested awards can only be exercised while the participants are employed by the Company. On November 20, 2015, the board of directors approved the issuance of stock option awards for 15,000 shares to employees of the Company. All of the awards had an exercise price of $11.50 per share with a weighted average grant date fair value of $33,500 . The vesting schedule, vesting percentage, and capability of the employees to exercise these options have the exact same conditions as the August 17, 2015 grants discussed above. On April 29, 2016, the board of directors approved the issuance of stock option awards for 5,000 shares to employees of the Company. All of the awards had an exercise price of $12.58 per share with a weighted average grant date fair value of $14,000 . The vesting schedule, vesting percentage, and capability of the employees to exercise these options have the exact same conditions as the November 20 and August 17, 2015 grants discussed above. The fair value of each option award is estimated on the grant date using a Black Scholes option pricing model that uses the weighted average assumptions noted in the following table. The expected volatility is based on the historical volatility of comparable companies. The expected term of the awards was estimated based on findings from academic studies investigating the average holding period for options for adjusted for the Company’s size and risk factors. The risk free rate for periods within the contractual life of the option is based on the United States Treasury yield curve in effect at the time of grant. April 29, 2016 November 20, 2015 August 17, 2015 Expected volatility 40.00 % 35.00 % 38.00 % Dividend yield 5.00 % 5.00 % 4.80 % Expected term (in years) 5 5 5 Risk-free rate 1.28 % 1.70 % 1.58 % A summary of option activity under both plans is presented below: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (1) Outstanding at January 1, 2017 629,880 $ 6.76 7.40 Granted — $ — 0 Exercised 43,400 $ 3.33 0 Forfeited or expired — $ 3.33 0 Outstanding at April 2, 2017 586,480 $ 7.02 7.21 $ 2,938,265 Vested and exercisable at April 2, 2017 327,720 $ 5.49 6.85 $ 2,143,289 (1) The aggregate intrinsic value above is obtained by subtracting the weighted average exercise price from the estimated fair value of the underlying shares as of April 2, 2017 and multiplying this result by the related number of options outstanding and exercisable at April 2, 2017 . The estimated fair value of the shares is based on the closing price of the stock of $12.03 as of April 2, 2017 . The Company recorded compensation expense of $37,508 for the 13 weeks ended April 2, 2017 and $39,098 for the 13 weeks ended April 3, 2016 , in its consolidated statements of operations, as a component of sales, general and administrative expenses. The income tax benefit related to share based compensation expense was $11,162 for the 13 weeks ended April 2, 2017 and $12,239 for the 14 weeks ended April 3, 2016 , respectively. As of April 2, 2017 , there was $319,950 of total unrecognized compensation cost related to nonvested stock option awards under the plans. That cost is expected to be recognized over a weighted average period of 1.70 years .

Income Taxes

Income Taxes	3 Months Ended
	Apr. 02, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim tax reporting we estimate our annual effective tax rate and apply it to our year to date income before income taxes. The tax effects of unusual or infrequently occurring items, including changes in judgment about valuation allowances and the effect of changes in tax laws or rates, are reported in the interim period in which they occur, if applicable. Income tax expense for the 13 weeks ended April 2, 2017 was $867,140 , compared to $835,567 for the 13 weeks ended April 3, 2016 . During the 13 weeks ended April 2, 2017 , the difference between the actual effective tax rate of 29.8% , and the statutory rate of 34.0% was mainly as a result of earnings generated in Mexico and Canada, which both have lower income taxes rates than the U.S, and the domestic production activities deduction, or DPAD benefit. During the 13 weeks ended April 3, 2016 , the difference between the actual effective tax rate of 31.3% , and the statutory rate of 34.0% was mainly a result of DPAD.

Operating Leases

Operating Leases	3 Months Ended
	Apr. 02, 2017
Leases [Abstract]
Operating Leases	Operating Leases The Company leases office space, production facilities and equipment under operating leases with various expiration dates through the year 2021. The leases for office space and production facilities require the Company to pay taxes, insurance, utilities and maintenance costs. Four of the leases for office space and production facilities provide for escalating rents over the life of the respective leases and rent expense for these leases is recognized over the term of the lease on a straight line basis, with the difference between lease payments and rent expense recorded as deferred rent in other accrued liabilities in the consolidated balance sheets. Total rent expense charged to operations was approximately $545,275 for the 13 weeks ended April 2, 2017 and $450,205 for the 13 weeks ended April 3, 2016 . Future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year are as follows at April 2, 2017 : 2017 $ 1,614,224 2018 1,884,869 2019 1,457,836 2020 917,755 2021 105,110 Thereafter 15,722 Total $ 5,995,516

Retirement Plans

Retirement Plans	3 Months Ended
	Apr. 02, 2017
Compensation and Retirement Disclosure [Abstract]
Retirement Plans	Retirement Plans The Company maintains a defined contribution plan covering certain full time salaried employees. Employees can make elective contributions to the plan. The Company contributes 100 percent of an employee’s contribution in an amount up to the first 3 percent of such employee’s total compensation and 50 percent of the contribution in an amount equal up to the next 2 percent of such employee’s total compensation. In addition, the Company, at the discretion of the board of directors, may make additional contributions to the plan on behalf of the plan participants. The Company contributed $120,820 for the 13 weeks ended April 2, 2017 and $115,625 for the 13 weeks ended April 3, 2016 , respectively. The Intasco operations acquired in April 2016 have separate retirement plans. The United States facility sponsors a SIMPLE IRA account for qualifying employees. The plan makes a contribution equal to 3 percent of a participant's gross wages to the participating employees' SIMPLE IRA accounts. Contributions by Intasco in the United States totaled $1,279 for the 13 weeks ended April 2, 2017 . The Canadian facility sponsors a retirement plan whereby Intasco makes a matching contribution of participant contributions up to a maximum amount based on the participants' number of years of service. Contributions by Intasco in Canada totaled $14,089 for the 13 weeks ended April 2, 2017 .

Related Party Transactions

Related Party Transactions	3 Months Ended
	Apr. 02, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Effective March 18, 2013, the Company is under a five year management agreement with a firm related to several stockholders. The agreement initially required annual management fees of $300,000 and additional fees for assistance provided with acquisitions. Effective upon completion of the initial public offering completed by the Company in July 2015, the agreement was amended to reduce the annual management fee by an amount equal to the total, if any, of annual cash retainers and equity awards paid as compensation for service on the board of directors to any person who is a related person of Taglich Private Equity, LLC or Taglich Brothers, Inc. The Company incurred management fees of $56,250 for the 13 weeks ended April 2, 2017 and $56,250 for the 13 weeks ended April 3, 2016 .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 02, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Financial instruments consist of cash equivalents, accounts receivable, accounts payable and debt. The carrying amount of all significant financial instruments approximates fair value due to either the short maturity or the existence of variable interest rates that approximate prevailing market rates. Accounting standards require certain other items be reported at fair value in the financial statements and provides a framework for establishing that fair value. The framework for determining fair value is based on a hierarchy that prioritizes the valuation techniques and inputs used to measure fair value. Fair values determined by Level 1 inputs use quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. Level 2 inputs may include quoted prices for similar items in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related item. Level 3 fair value measurements are based primarily on management’s own estimates using inputs such as pricing models, discounted cash flow methodologies or similar techniques taking into account the characteristics of the item. In instances whereby inputs used to measure fair value fall into different levels of the fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each item. The Company measures its interest rate swap at fair value on a recurring basis based primarily on Level 2 inputs using an income model based on disparity between variance and fixed interest rates, the scheduled balance of principal outstanding, yield curves and other information readily available in the market. The Company measures its foreign currency forward contract on a recurring basis based primarily on Level 2 inputs using the present value of future cash flows to be incurred on the contracts. In accordance with market standards and conventions for valuing such contracts, the transactions reflect the current direction and amounts expected in each currency, spot exchange rates at period-end, discount factors and forward interest rate curves for each relevant currency pair and future maturity date.

Contingencies

Contingencies	3 Months Ended
	Apr. 02, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies The Company is engaged from time to time in legal matters and proceedings arising out of its normal course of business. The Company establishes a liability related to its legal proceedings and claims when it has determined that it is probable that the Company has incurred a liability and the related amount can be reasonably estimated. If the Company determines that an obligation is reasonably possible, the Company will, if material, disclose the nature of the loss contingency and the estimated range of possible loss, or include a statement that no estimate of loss can be made. While uncertainties are inherent in the final outcome of such matters, the Company believes that there are no pending proceedings in which the Company is currently involved that will have a material effect on its financial position, results of operations or cash flow.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 02, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of shares outstanding during the period. Diluted earnings per share is computed giving effect to all potentially weighted average dilutive shares including options and warrants. The dilutive effect of outstanding awards, if any, is reflected in diluted earnings per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share. Thirteen Weeks Ended April 2, 2017 Thirteen Weeks Ended April 3, 2016 Basic earnings per share calculation: Net income $ 2,046,837 $ 1,833,651 Net income attributable to common stockholders $ 2,046,837 $ 1,833,651 Weighted average shares outstanding 9,732,778 9,612,158 Net income per share-basic $ 0.21 $ 0.19 Diluted earnings per share calculation: Net income $ 2,046,837 $ 1,833,651 Weighted average shares outstanding 9,732,778 9,612,158 Effect of dilutive securities: Stock options (1)(2) 166,899 211,522 Warrants (1)(2) 17,010 9,369 Diluted weighted average shares outstanding 9,916,687 9,833,049 Net income per share-diluted $ 0.21 $ 0.19 (1) Options to purchase 342,080 shares of common stock remaining to be exercised under the 2013 plan, warrants to purchase 1,185 shares of common stock remaining to be exercised, and warrants to purchase 141,000 shares of common stock issued to the underwriters of the Company's IPO in July 2015 as discussed in Note 1, were considered in the computation of diluted earnings per share using the treasury stock method in the 2017 calculation. Options to purchase 232,200 shares of common stock that were granted in August 2015 and November 2015 remaining to be exercised, as discussed in Note 9, under the 2014 plan and options to purchase 7,200 shares of common stock and 5,000 shares of common stock that were granted under the 2013 and 2014 plan, respectively, in April 2016 were not included in the computation of diluted earnings per share in the 2017 period because the effect would have been anti-dilutive. (2) Options to purchase 428,900 shares of common stock remaining to be exercised under the 2013 plan, warrants to purchase 2,286 shares of common stock remaining to be exercised, and warrants to purchase 141,000 shares of common stock issued to the underwriters of the Company's IPO in July 2015 as discussed in Note 1, were considered in the computation of diluted earnings per share using the treasury stock method in the 2016 calculation. Options to purchase 245,000 shares of common stock that were granted in August 2015 as discussed in Note 9 under the 2014 plan, were not included in the computation of diluted earnings per share in the 2016 period because the effect would have been anti-dilutive.

Subsequent Event

Subsequent Event	3 Months Ended
	Apr. 02, 2017
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event Declaration of Cash Dividend On May 10, 2017, our board of directors declared a quarterly cash dividend of $0.15 per common share. The dividend will be payable on June 7, 2017 to stockholders of record at the close of business on May 31, 2017. The aggregate amount of the dividend is approximately $1.5 million.

Nature of Business and Signif24

Nature of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 02, 2017
Accounting Policies [Abstract]
Basis of Presentation	The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The information furnished in the Consolidated Financial Statements includes normal recurring adjustments and reflects all adjustments which are, in the opinion of management, necessary for the fair presentation of such financial statements. The interim results for the periods presented may not be indicative of the Company's actual annual results.
Principles of Consolidation	The consolidated financial statements include the accounts of the Company and all subsidiaries over which the Company exercises control. All intercompany transactions and balances have been eliminated upon consolidation.
Fiscal Years	The Company’s quarterly periods end on the Sunday closest to the end of the calendar quarterly period. The quarterly period, which was 13 weeks during 2017, ended on April 2, 2017 , and the quarterly period, which was 13 weeks during 2016, ended on April 3, 2016 . Fiscal year 2016 ended on Sunday, January 1, 2017 .
Cash and Cash Equivalents and Accounts Payable	Under the Company’s cash management system, checks issued but not yet presented to the Company’s bank frequently result in overdraft balances for accounting purposes and are classified as accounts payable on the consolidated balance sheets. The Company considers all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents.
Accounts Receivable	Accounts receivable are stated at the invoiced amount and do not bear interest. The allowance for doubtful accounts is management’s best estimate of the amount of probable credit losses in the existing accounts receivable. Management determines the allowance based on historical write-off experience and an understanding of individual customer payment history and financial condition. Management reviews the allowance for doubtful accounts at regular intervals. Account balances are charged off against the allowance when management determines it is probable the receivable will not be recovered.
Inventory	Inventory is stated at the lower of cost or market, with cost determined on the first in, first out method (FIFO). Inventory acquired as part of a business combination is recorded at its estimated fair value at the time of the business combination. The Company periodically evaluates inventory for obsolescence, excess quantities, slow moving goods and other impairments of value and establishes reserves for any identified impairments.
Valuation of Long-Lived Assets	The carrying value of long-lived assets held for use is periodically evaluated when events or circumstances warrant such a review. The carrying value of a long-lived asset held for use is considered impaired when the anticipated separately identifiable undiscounted cash flows from the asset are less than the carrying value of the asset. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset.
Property, Plant, and Equipment	Property, plant, and equipment purchases are recorded at cost. Property, plant, and equipment acquired as part of a business combination are recorded at estimated fair value at the time of the business combination. Depreciation is calculated using the straight line method over the estimated useful life of each asset. Leasehold improvements are depreciated over the shorter of the estimated useful life of the asset or the period of the related leases. Upon retirement or disposal, the initial cost or valuation and accumulated depreciation are removed from the accounts, and any gain or loss is included in net income. Repair and maintenance costs are expensed as incurred.
Intangible Assets	The Company does not hold any intangible assets with indefinite lives. Identifiable intangible assets recognized as part of a business combination are recorded at their estimated fair value at the time of the business combination. Acquired intangible assets subject to amortization are amortized on a straight line basis, which approximates the pattern in which the economic benefit of the respective intangible is realized, over their respective estimated useful lives. Amortizable intangible assets are reviewed for impairment whenever events or circumstances indicate that the related carrying amount may be impaired. The remaining useful lives of intangible assets are reviewed to determine whether events and circumstances warrant a revision to the remaining period of amortization.
Goodwill	Goodwill represents the excess of the acquisition cost of consideration transferred over the fair value of the identifiable assets acquired and liabilities assumed from business combinations at the date of acquisition. Goodwill is not amortized, but rather is assessed at least on an annual basis for impairment. If it is determined that it is more likely than not that the fair value is greater than the carrying value of a reporting unit then a qualitative assessment may be used for the annual impairment test. Otherwise, a one-step process is used which requires estimating the fair value of each reporting unit compared to its carrying value. If the carrying value exceeds the estimated fair value, goodwill impairment will be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill.
Debt Issuance Costs	Debt issuance costs represent legal, consulting, and other financial costs associated with debt financing and are reported netted against the related debt instrument. Amounts paid to or on behalf of lenders are presented as debt discount, as a reduction of the associated debt instrument. Debt issuance costs on term debt are amortized using the straight line basis over the term of the related debt (which is immaterially different from the required effective interest method) while those related to revolving debt are amortized using a straight line basis over the term of the related debt.
Investments	Investments in entities in which the Company has less than a 20 percent interest or is not able to exercise significant influence are carried at cost. Dividends received are included in income, except for those dividends received in excess of the Company’s proportionate share of accumulated earnings, which are applied as a reduction of the cost of the investment. Impairment losses due to a decline in the value of the investment that is other than temporary are recognized when incurred.
Stock Based Compensation	The Company accounts for its stock based compensation using the fair value of the award estimated at the grant date of the award. The Company estimates the fair value of awards, consisting of stock options, using the Black Scholes option pricing model. Compensation expense is recognized in earnings using the straight line method over the vesting period, which represents the requisite service period.
Revenue Recognition	Revenue is recognized by the Company upon shipment to customers when the customer takes ownership and assumes the risk of loss, collection of the relevant receivable is probable, persuasive evidence of an arrangement exists, and the sale price is fixed and determinable. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
Shipping and Handling	Shipping and handling costs are included in costs of sales as they are incurred.
Income Taxes	A current tax liability or asset is recognized for the estimated taxes payable or refundable on tax returns for the period. Deferred tax liabilities or assets are recognized for the estimated future tax effects of temporary differences between financial reporting and tax accounting measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company also evaluates the need for valuation allowances to reduce the deferred tax assets to realizable amounts. Management evaluates all positive and negative evidence and uses judgment regarding past and future events, including operating results, to help determine when it is more likely than not that all or some portion of the deferred tax assets may not be realized. When appropriate, a valuation allowance is recorded against deferred tax assets to reserve for future tax benefits that may not be realized. The Company recognizes the financial statement effects of a tax position when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon settlement with the relevant tax authority.
Foreign Currency Adjustments	The Company’s functional currency for all operations worldwide is the United States dollar. Nonmonetary assets and liabilities of foreign operations are remeasured at historical rates and monetary assets and liabilities are remeasured at exchange rates in effect at the end of each reporting period. Income statement accounts are remeasured at average exchange rates for the year. Gains and losses from translation of foreign currency financial statements into United States dollars are classified in other income in the consolidated statements of operations.
Derivative Financial Instruments	All derivative instruments are required to be reported on the consolidated balance sheets at fair value unless the transactions qualify and are designated as normal purchases or sales. Changes in fair value are reported currently through earnings unless they meet hedge accounting criteria.
Use of Estimates	The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers . This ASU supersedes most of the existing guidance on revenue recognition in ASC Topic 605, Revenue Recognition, and establishes a broad principle that would require an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this principle, an entity identifies the contract with a customer, identifies the separate performance obligations in the contract, determines the transaction price, allocates the transaction price to the separate performance obligations and recognizes revenue when each separate performance obligation is satisfied. In August 2015, the FASB issued ASU 2015-14, Revenue From Contracts with Customers (Topic 606): Deferral of the Effective Date, to defer implementation of ASU 2014-09 by one year. The guidance is now currently effective for fiscal years beginning after December 15, 2018 and is to be applied retrospectively at the entity's election either to each prior reporting period presented or with the cumulative effect of application recognized at the date of initial application. The ASU allows for early adoption for fiscal years beginning after December 15, 2016, and the Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases, which will supersede the current lease requirements in Topic 850. The ASU requires lessees to recognize a right of use asset and related lease liability for all leases, with a limited exception for short-term leases. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the statement of operations. Currently, leases are classified as either capital or operating, with only capital leases recognized on the balance sheet. The reporting of lease related expenses in the consolidated statements of operations and cash flows will be generally consistent with current guidance. The ASU is effective for the Company for financial statements issued for fiscal years beginning after December 15, 2019. The Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvement to Employee Share-based Payment Accounting (ASU 2016-09), to simplify the accounting for share-based payment transactions. The ASU is effective for the Company for financial statements issued for fiscal years beginning after December 15, 2017. The Company early adopted this ASU during 2016 and applied the change to this period and future periods in the consolidated financial statements. Excess tax benefits are no longer disclosed in the consolidated statements of cash flows as a result of this early adoption and are also recognized as income tax expense in the income statement. The Company adopted the provisions related to forfeitures as well to record actual forfeitures as they occur, and the impact on our condensed consolidated balance sheet as of April 2, 2017 and January 1, 2017 was immaterial. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , accounting guidance which removes Step 2 of the goodwill impairment test. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The ASU is effective for annual or interim reporting periods beginning after December 15, 2021. Early adoption is permitted. The Company adopted the provisions related to this ASU during the 13 weeks ended April 2, 2017 and the impact was immaterial.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Apr. 02, 2017
Business Acquisition [Line Items]
Schedule of Pro Forma Information	The following pro forma supplementary data for the 13 weeks April 3, 2016 gives effect to the acquisition of Intasco as if it had occurred on January 5, 2015 (the first day of the Company's 2015 fiscal year). The pro forma supplementary data is provided for informational purposes only and should not be construed to be indicative of the Company’s results of operations had the acquisitions been consummated on the dates assumed and does not project the Company’s results of operations for any future date. Thirteen Weeks Ended April 3, 2016 Net sales $ 44,367,399 Net income $ 1,877,528 Net income per common share – basic $ 0.20 Net income per common share – diluted $ 0.19
Intasco USA, Inc.
Business Acquisition [Line Items]
Schedule of Business Acquisitions by Acquisition	The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed. Cash $ 18,250 Accounts receivable 2,146,082 Inventory 2,485,781 Other current assets 74,194 Property, plant, and equipment 861,491 Identifiable intangible assets 7,316,694 Accounts payable and accrued liabilities (716,080 ) Deferred tax liability (97,622 ) Total identifiable net assets 12,088,790 Goodwill 9,657,221 Total 21,746,011

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Apr. 02, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventory consists of the following: April 2, January 1, Raw materials $ 9,579,416 $ 9,513,980 Work in progress 795,173 623,504 Finished goods 6,767,019 6,594,124 Total inventory $ 17,141,608 $ 16,731,608

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	3 Months Ended
	Apr. 02, 2017
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant, and equipment consists of the following: April 2, January 1, Depreciable Life – Years Land $ 1,663,153 $ 1,663,153 Buildings 7,606,125 7,541,976 23 – 40 Shop equipment 14,220,173 13,003,025 7 – 10 Leasehold improvements 951,477 913,097 3 – 10 Office equipment 1,284,384 1,188,746 3 – 7 Mobile equipment 218,743 218,743 3 Construction in progress 1,715,159 1,425,090 Total cost 27,659,214 25,953,830 Accumulated depreciation 5,253,936 4,755,908 Net property, plant, and equipment $ 22,405,278 $ 21,197,922

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Apr. 02, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	Intangible assets of the Company consist of the following at April 2, 2017 : Gross Carrying Amount Accumulated Amortization Weighted Average Life – Years Customer contracts $ 26,523,065 $ 9,076,925 8.16 Trade names 4,673,044 941,792 16.43 Non-compete agreements 1,161,790 862,747 2.53 Unpatented technology $ 1,534,787 $ 282,569 5.00 Total $ 33,892,686 $ 11,164,033 Intangible assets of the Company consist of the following at January 1, 2017 : Gross Carrying Accumulated Weighted Average Customer contracts $ 26,523,065 $ 8,240,853 8.16 Trade names 4,673,044 868,866 16.43 Non-compete agreements 1,161,790 818,585 2.53 Unpatented technology 1,534,787 $ 206,040 5.00 Total $ 33,892,686 $ 10,134,344
Schedule of Future Amortization Expense	Estimated amortization expense is as follows: 2017 $ 3,091,241 2018 4,070,321 2019 3,945,264 2020 3,913,627 2021 2,455,712 Thereafter 5,252,488 Total $ 22,728,653

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Apr. 02, 2017
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long term debt consists of the following: April 2, January 1, US Term Loan, payable to lenders in quarterly installments of $318,750 through March 31, 2018, $425,000 through March 31, 2019, and $531,250 through March 31, 2021, with a lump sum due at maturity. The effective interest rate was 4.2806% per annum at April 2, 2017. At April 2, 2017, the balance of the US Term Loan is presented net of a debt discount of $170,978 from costs paid to or on behalf of the lenders. $ 15,554,022 $ 15,862,309 CA Term Loan, payable to lenders in quarterly installments of $281,250 through March 31, 2018, $375,000 through March 31, 2019, and $468,750 through March 31, 2021, with a lump sum due at maturity. The effective interest rate was 4.2806% per annum at April 2, 2017. At April 2, 2017, the balance of the US Term Loan is presented net of a debt discount of $84,355 from costs paid to or on behalf of the lenders. $ 13,790,644 $ 14,066,732 Note payable to the seller of former owner of business Unique acquired in 2014 which is unsecured and subordinated to the New Credit Agreement. Interest accrues monthly at an annual rate of 6.00%. The note payable is due in full on February 6, 2019. 500,000 500,000 Other debt 2,173 5,446 Total debt excluding New Revolver 29,846,839 30,434,487 Less current maturities 2,402,173 2,405,446 Long-term debt – Less current maturities $ 27,444,666 $ 28,029,041
Schedule of Maturities of Long-Term Debt	Maturities on the Company’s New Credit Agreement and other long term debt obligations for the remainder of the current fiscal year and future fiscal years are as follows: 2017 $ 1,802,173 2018 3,000,000 2019 4,300,000 2020 4,000,000 2021 43,558,014 Thereafter — Total 56,660,187 Discounts (255,333 ) Debt issuance costs (284,227 ) Total debt – Net $ 56,120,627

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	3 Months Ended
	Apr. 02, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Valuation Assumptions	The fair value of each option award is estimated on the grant date using a Black Scholes option pricing model that uses the weighted average assumptions noted in the following table. The expected volatility is based on the historical volatility of comparable companies. The Company estimated zero employee terminations based on the options granted being limited to a small pool of senior employees of which the Company has no historical turnover experience. The expected term of the awards was estimated based on findings from academic studies investigating the average holding period for options adjusted for the Company’s size and risk factors. The risk free rate for periods within the contractual life of the option is based on the United States Treasury yield curve in effect at the time of grant. April 29, 2016 January 1, 2014 July 17, 2013 Expected volatility 40.00 % 34.00 % 34.00 % Dividend yield 5.00 % — % — % Expected term (in years) 5 4 4 Risk-free rate 1.28 % 1.27 % 0.96 % The fair value of each option award is estimated on the grant date using a Black Scholes option pricing model that uses the weighted average assumptions noted in the following table. The expected volatility is based on the historical volatility of comparable companies. The expected term of the awards was estimated based on findings from academic studies investigating the average holding period for options for adjusted for the Company’s size and risk factors. The risk free rate for periods within the contractual life of the option is based on the United States Treasury yield curve in effect at the time of grant. April 29, 2016 November 20, 2015 August 17, 2015 Expected volatility 40.00 % 35.00 % 38.00 % Dividend yield 5.00 % 5.00 % 4.80 % Expected term (in years) 5 5 5 Risk-free rate 1.28 % 1.70 % 1.58 %
Schedule of Stock Options and Stock Appreciation Rights Award Activity	A summary of option activity under both plans is presented below: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (1) Outstanding at January 1, 2017 629,880 $ 6.76 7.40 Granted — $ — 0 Exercised 43,400 $ 3.33 0 Forfeited or expired — $ 3.33 0 Outstanding at April 2, 2017 586,480 $ 7.02 7.21 $ 2,938,265 Vested and exercisable at April 2, 2017 327,720 $ 5.49 6.85 $ 2,143,289 (1) The aggregate intrinsic value above is obtained by subtracting the weighted average exercise price from the estimated fair value of the underlying shares as of April 2, 2017 and multiplying this result by the related number of options outstanding and exercisable at April 2, 2017 . The estimated fair value of the shares is based on the closing price of the stock of $12.03 as of April 2, 2017 .

Operating Leases (Tables)

Operating Leases (Tables)	3 Months Ended
	Apr. 02, 2017
Leases [Abstract]
Schedule of Future Minimum Lease Payments	Future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year are as follows at April 2, 2017 : 2017 $ 1,614,224 2018 1,884,869 2019 1,457,836 2020 917,755 2021 105,110 Thereafter 15,722 Total $ 5,995,516

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 02, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted earnings per share. Thirteen Weeks Ended April 2, 2017 Thirteen Weeks Ended April 3, 2016 Basic earnings per share calculation: Net income $ 2,046,837 $ 1,833,651 Net income attributable to common stockholders $ 2,046,837 $ 1,833,651 Weighted average shares outstanding 9,732,778 9,612,158 Net income per share-basic $ 0.21 $ 0.19 Diluted earnings per share calculation: Net income $ 2,046,837 $ 1,833,651 Weighted average shares outstanding 9,732,778 9,612,158 Effect of dilutive securities: Stock options (1)(2) 166,899 211,522 Warrants (1)(2) 17,010 9,369 Diluted weighted average shares outstanding 9,916,687 9,833,049 Net income per share-diluted $ 0.21 $ 0.19 (1) Options to purchase 342,080 shares of common stock remaining to be exercised under the 2013 plan, warrants to purchase 1,185 shares of common stock remaining to be exercised, and warrants to purchase 141,000 shares of common stock issued to the underwriters of the Company's IPO in July 2015 as discussed in Note 1, were considered in the computation of diluted earnings per share using the treasury stock method in the 2017 calculation. Options to purchase 232,200 shares of common stock that were granted in August 2015 and November 2015 remaining to be exercised, as discussed in Note 9, under the 2014 plan and options to purchase 7,200 shares of common stock and 5,000 shares of common stock that were granted under the 2013 and 2014 plan, respectively, in April 2016 were not included in the computation of diluted earnings per share in the 2017 period because the effect would have been anti-dilutive. (2) Options to purchase 428,900 shares of common stock remaining to be exercised under the 2013 plan, warrants to purchase 2,286 shares of common stock remaining to be exercised, and warrants to purchase 141,000 shares of common stock issued to the underwriters of the Company's IPO in July 2015 as discussed in Note 1, were considered in the computation of diluted earnings per share using the treasury stock method in the 2016 calculation. Options to purchase 245,000 shares of common stock that were granted in August 2015 as discussed in Note 9 under the 2014 plan, were not included in the computation of diluted earnings per share in the 2016 period because the effect would have been anti-dilutive.

Nature of Business and Signif33

Nature of Business and Significant Accounting Policies (Details)	Apr. 29, 2016USD ($)	Apr. 02, 2017USD ($)segment	Apr. 03, 2016USD ($)	Jan. 01, 2017USD ($)	Apr. 30, 2016USD ($)
Accounting Policies [Abstract]
Number of operating segments | segment		1
Number of reportable segments | segment		1
Allowance for doubtful accounts receivable		$ 660,199		$ 655,312
Impairment charge		0	$ 0
Debt issuance cost	$ 160,111	284,227		301,620	$ 99,909
Unamortized discount	92,508	255,333		270,959
Loss on extinguishment of debt	$ 60,202
Amortization of debt issuance costs		33,019	24,780
Concentration Risk [Line Items]
Dividend income		0	0
Unrecognized tax benefits		0		$ 0
Income tax penalties and interest		$ 0	$ 0
Geographic concentration risk | Mexico | Sales revenue, net
Concentration Risk [Line Items]
Concentration risk (percentage)		13.00%	12.00%
Geographic concentration risk | Mexico | Production risk
Concentration Risk [Line Items]
Concentration risk (percentage)		13.00%	11.00%
Geographic concentration risk | Canada | Sales revenue, net
Concentration Risk [Line Items]
Concentration risk (percentage)		10.00%	5.00%
Geographic concentration risk | Canada | Production risk
Concentration Risk [Line Items]
Concentration risk (percentage)		9.00%	0.00%
Geographic concentration risk | Other foreign countries | Sales revenue, net
Concentration Risk [Line Items]
Concentration risk (percentage)		1.00%	1.00%
Collective Bargaining Arrangements Expiring August 2016 | Labor force concentration risk | Workforce Subject to Collective Bargaining Arrangements
Concentration Risk [Line Items]
Concentration risk (percentage)		30.00%
Collective Bargaining Arrangements Expiring January 2017 | Labor force concentration risk | Workforce Subject to Collective Bargaining Arrangements
Concentration Risk [Line Items]
Concentration risk (percentage)		6.00%
General Motors Company | Customer concentration risk | Sales revenue, net
Concentration Risk [Line Items]
Concentration risk (percentage)		15.00%	13.00%
General Motors Company | Customer concentration risk | Accounts receivable
Concentration Risk [Line Items]
Concentration risk (percentage)				12.00%
Chrysler Group, LLC | Customer concentration risk | Sales revenue, net
Concentration Risk [Line Items]
Concentration risk (percentage)		10.00%	12.00%
Ford Motor Company | Customer concentration risk | Sales revenue, net
Concentration Risk [Line Items]
Concentration risk (percentage)		12.00%	14.00%
Accounts payable
Concentration Risk [Line Items]
Checks issued in excess of available cash		$ 2,452,071		$ 2,938,750

Business Combinations - Narrati

Business Combinations - Narrative (Details) - Intasco USA, Inc.	Apr. 29, 2016USD ($)shares	Aug. 31, 2016USD ($)	Apr. 02, 2017	May 01, 2018USD ($)	Apr. 30, 2017CAD	Apr. 30, 2017USD ($)	May 01, 2021CAD	Apr. 30, 2019CAD
Business Acquisition [Line Items]
Payments to acquire business	$ 21,049,045
Percentage of voting interests acquired	100.00%
Total consideration	$ 890,726
Equity interest issued (in shares) | shares	70,797
Working capital adjustment	$ 126,047
Amount owed at closing		$ 212,823
Acquisition transaction costs	852,580
Tax deductible portion of goodwill	$ 7,267,507
United States
Business Acquisition [Line Items]
Operating lease, rent expense, term of lease			2 years
United States | Forecast
Business Acquisition [Line Items]
Operating lease, rent expense				$ 4,080		$ 4,000
Canada
Business Acquisition [Line Items]
Operating lease, rent expense, term of lease			5 years
Canada | Forecast
Business Acquisition [Line Items]
Operating lease, rent expense | CAD					CAD 16,750		CAD 17,427	CAD 17,085

Business Combinations - Schedul

Business Combinations - Schedule of Business Acquisitions by Acquisition (Details) - USD ($)	Apr. 02, 2017	Jan. 01, 2017	Apr. 29, 2016
Business Acquisition [Line Items]
Goodwill	$ 28,871,179	$ 28,871,179
Intasco USA, Inc.
Business Acquisition [Line Items]
Cash			$ 18,250
Accounts receivable			2,146,082
Inventory			2,485,781
Other current assets			74,194
Property, plant, and equipment			861,491
Identifiable intangible assets			7,316,694
Accounts payable and accrued liabilities			(716,080)
Deferred tax liability			(97,622)
Total identifiable net assets			12,088,790
Goodwill			9,657,221
Total			$ 21,746,011

Business Combinations - Sched36

Business Combinations - Schedule of Pro Forma Information (Details) - Intasco and Great Lakes Foam Technologies, Inc. [Member]	3 Months Ended
	Apr. 03, 2016USD ($)$ / shares
Business Acquisition [Line Items]
Net sales | $	$ 44,367,399
Net income | $	$ 1,877,528
Net income per common share – basic (in USD per share) | $ / shares	$ 0.20
Net income per common share – diluted (in USD per share) | $ / shares	$ 0.19

Inventory - Schedule of Invento

Inventory - Schedule of Inventory (Details) - USD ($)	Apr. 02, 2017	Jan. 01, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 9,579,416	$ 9,513,980
Work in progress	795,173	623,504
Finished goods	6,767,019	6,594,124
Total inventory	$ 17,141,608	$ 16,731,608

Inventory - Narrative (Details)

Inventory - Narrative (Details) - USD ($)	12 Months Ended
	Jan. 01, 2017	Apr. 02, 2017
Inventory [Line Items]
Inventory – net	$ 16,731,608	$ 17,141,608
Intasco USA, Inc. | Fair value adjustment to inventory
Inventory [Line Items]
Provisional information, adjustment, inventory	318,518
Mexico
Inventory [Line Items]
Inventory – net	2,911,926	3,065,553
Canada
Inventory [Line Items]
Inventory – net	$ 1,180,400	$ 1,307,127

Property, Plant, and Equipmen39

Property, Plant, and Equipment - Schedule of Property, Plant, and Equipment (Details) - USD ($)	3 Months Ended
	Apr. 02, 2017	Jan. 01, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 27,659,214	$ 25,953,830
Accumulated depreciation	5,253,936	4,755,908
Net property, plant, and equipment	22,405,278	21,197,922
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment	1,663,153	1,663,153
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment	7,606,125	7,541,976
Shop equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	14,220,173	13,003,025
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment	951,477	913,097
Office equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	1,284,384	1,188,746
Mobile equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 218,743	218,743
Depreciable life, years	3 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 1,715,159	$ 1,425,090
Minimum | Buildings
Property, Plant and Equipment [Line Items]
Depreciable life, years	23 years
Minimum | Shop equipment
Property, Plant and Equipment [Line Items]
Depreciable life, years	7 years
Minimum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Depreciable life, years	3 years
Minimum | Office equipment
Property, Plant and Equipment [Line Items]
Depreciable life, years	3 years
Maximum | Buildings
Property, Plant and Equipment [Line Items]
Depreciable life, years	40 years
Maximum | Shop equipment
Property, Plant and Equipment [Line Items]
Depreciable life, years	10 years
Maximum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Depreciable life, years	10 years
Maximum | Office equipment
Property, Plant and Equipment [Line Items]
Depreciable life, years	7 years

Property, Plant, and Equipmen40

Property, Plant, and Equipment - Narrative (Details) - USD ($)	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016	Jan. 01, 2017
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 499,154	$ 427,355
Property, plant, and equipment – net	22,405,278		$ 21,197,922
Mexico
Property, Plant and Equipment [Line Items]
Property, plant, and equipment – net	2,399,733		1,586,472
Canada
Property, Plant and Equipment [Line Items]
Property, plant, and equipment – net	$ 722,804		$ 755,040

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets By Major Class (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 02, 2017	Jan. 01, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 33,892,686	$ 33,892,686
Accumulated Amortization	11,164,033	10,134,344
Customer contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	26,523,065	26,523,065
Accumulated Amortization	9,076,925	8,240,853
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,673,044	4,673,044
Accumulated Amortization	941,792	868,866
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,161,790	1,161,790
Accumulated Amortization	862,747	818,585
Unpatented technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,534,787	1,534,787
Accumulated Amortization	$ 282,569	$ 206,040
Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life – Years	8 years 11 months 16 days
Weighted Average | Customer contracts
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life – Years	8 years 1 month 29 days	8 years 1 month 29 days
Weighted Average | Trade names
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life – Years	16 years 5 months 6 days	16 years 5 months 6 days
Weighted Average | Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life – Years	2 years 6 months 10 days	2 years 6 months 10 days
Weighted Average | Unpatented technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life – Years	5 years	5 years

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 1,029,689	$ 705,001
Weighted Average
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period	8 years 11 months 16 days

Intangible Assets - Finite-Live

Intangible Assets - Finite-Lived Intangible Assets, Future Amortization Expense Schedule (Details) - USD ($)	Apr. 02, 2017	Jan. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
2,017	$ 3,091,241
2,018	4,070,321
2,019	3,945,264
2,020	3,913,627
2,021	2,455,712
Thereafter	5,252,488
Total	$ 22,728,653	$ 23,758,342

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($)	Apr. 29, 2016	Apr. 02, 2017	Apr. 03, 2016
Senior credit facility, first amendment | Revolver term loan | Revolving credit facility
Debt Instrument [Line Items]
Debt instrument, face amount	$ 20,000,000
Senior credit facility, third amendment | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	25,000,000
Senior credit facility | Revolver term loan | Revolving credit facility
Debt Instrument [Line Items]
Repayments of long-term debt	15,400,000
Senior credit facility | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Repayments of long-term debt	17,300,000
Senior credit facility, second amendment | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Effective interest rate			3.50%
Letters of credit outstanding, amount		$ 100,000
Senior credit facility, second amendment | Line of credit | Revolving credit facility | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate			2.75%
Senior credit facility, second amendment | Line of credit | Revolving credit facility | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate			3.25%
New credit agreement | Line of credit | Secured debt
Debt Instrument [Line Items]
Maximum borrowing capacity	62,000,000
Maximum increase to principal amount	10,000,000
New credit agreement | Line of credit | Secured debt | Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
New credit agreement | Line of credit | Secured debt | Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		2.50%
New credit agreement | Line of credit | Secured debt | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		2.75%
New credit agreement | Line of credit | Secured debt | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		3.50%
New credit agreement | Letter of credit | Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	2,000,000
New revolver | Revolving credit facility
Debt Instrument [Line Items]
Line of credit		$ 26,558,014
New revolver | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	30,000,000	$ 3,341,986
Effective interest rate		4.2806%
Senior notes	22,900,000
US term loan | Line of credit | Secured debt
Debt Instrument [Line Items]
Debt instrument, face amount	17,000,000
Effective interest rate		4.2806%
CA term loan | Line of credit | Secured debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 15,000,000
Effective interest rate		4.2806%

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-Term Debt (Details) - USD ($)	3 Months Ended
	Apr. 02, 2017	Jan. 01, 2017	Apr. 29, 2016
Debt Instrument [Line Items]
Total debt excluding New Revolver	$ 29,846,839	$ 30,434,487
Less current maturities	2,402,173	2,405,446
Long-term debt – Less current maturities	27,444,666	28,029,041
Unamortized discount	255,333	270,959	$ 92,508
Unsecured debt
Debt Instrument [Line Items]
Total debt excluding New Revolver	$ 500,000	$ 500,000
Stated interest rate	6.00%	6.00%
Other debt
Debt Instrument [Line Items]
Total debt excluding New Revolver	$ 2,173	$ 5,446
Line of credit | US term loan | Secured debt
Debt Instrument [Line Items]
Total debt excluding New Revolver	$ 15,554,022	15,862,309
Effective interest rate	4.2806%
Unamortized discount	$ 170,978
Line of credit | US term loan | Secured debt | Installments Through March 31, 2018
Debt Instrument [Line Items]
Periodic principal amount	318,750
Line of credit | US term loan | Secured debt | Installments Through March 31, 2019
Debt Instrument [Line Items]
Periodic principal amount	425,000
Line of credit | US term loan | Secured debt | Installments Through March 31, 2021
Debt Instrument [Line Items]
Periodic principal amount	531,250
Line of credit | CA term loan | Secured debt
Debt Instrument [Line Items]
Total debt excluding New Revolver	$ 13,790,644	$ 14,066,732
Effective interest rate	4.2806%
Unamortized discount	$ 84,355
Line of credit | CA term loan | Secured debt | Installments Through March 31, 2018
Debt Instrument [Line Items]
Periodic principal amount	281,250
Line of credit | CA term loan | Secured debt | Installments Through March 31, 2019
Debt Instrument [Line Items]
Periodic principal amount	375,000
Line of credit | CA term loan | Secured debt | Installments Through March 31, 2021
Debt Instrument [Line Items]
Periodic principal amount	$ 468,750

Long-term Debt - Schedule of Re

Long-term Debt - Schedule of Repayment of Maturities (Details) - USD ($)	Apr. 02, 2017	Jan. 01, 2017	Apr. 29, 2016
Debt Disclosure [Abstract]
2,017	$ 1,802,173
2,018	3,000,000
2,019	4,300,000
2,020	4,000,000
2,021	43,558,014
Thereafter	0
Total	56,660,187
Discounts	(255,333)	$ (270,959)	$ (92,508)
Debt issuance costs	(284,227)
Total debt – Net	$ 56,120,627

Derivative Financial Instrume47

Derivative Financial Instruments (Details) - USD ($)	3 Months Ended
	Apr. 02, 2017	Jun. 29, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 29, 2016
Interest rate swap | Not designated as hedging instrument
Derivatives, Fair Value [Line Items]
Fixed interest rate				1.055%
Notional amount				$ 16,681,250
Quarterly decrease in notional amount				$ 318,750
Derivative fair value assets (liabilities)	$ 136,060
Interest rate swap | Not designated as hedging instrument | Forecast
Derivatives, Fair Value [Line Items]
Quarterly decrease in notional amount		$ 531,250	$ 425,000
Interest rate swap | Not designated as hedging instrument | Interest expense
Derivatives, Fair Value [Line Items]
Monthly settlements	11,308
Foreign exchange forward | Designated as hedging instrument
Derivatives, Fair Value [Line Items]
Notional amount					$ 3,300,000
Derivative fair value assets (liabilities)	$ (10,111)

Restructuring (Details)

Restructuring (Details)	Oct. 31, 2016USD ($)	Oct. 27, 2015employee	Apr. 02, 2017USD ($)	Apr. 03, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Workforce reduction due to plant closure (in employees) | employee		30
Restructuring costs incurred			$ 0
Proceeds from sale of property and equipment			$ 2,500	$ 0
Buildings
Restructuring Cost and Reserve [Line Items]
Net book value of building	$ 2,033,327
Proceeds from sale of property and equipment	2,175,185
Gain on sale of property, plant, and equipment	$ 147,413

Stock Incentive Plans - Narrati

Stock Incentive Plans - Narrative (Details)	Apr. 29, 2016USD ($)$ / sharesshares	Nov. 20, 2015USD ($)$ / sharesshares	Aug. 17, 2015USD ($)$ / sharesshares	Jan. 01, 2014USD ($)$ / sharesshares	Jul. 17, 2013USD ($)$ / sharesshares	Apr. 02, 2017USD ($)employee	Apr. 03, 2016USD ($)	Jun. 30, 2016shares	Jan. 04, 2015shares	Dec. 29, 2013shares
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Tax benefit from share based compensation expense | $						$ 11,162	$ 12,239
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized compensation cost | $						$ 319,950
Compensation cost, weighted average period (in years)						1 year 8 months 13 days
Selling, General and Administrative Expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense | $						$ 37,508	$ 39,098
The 2013 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Number of shares reserved for future issuance										495,000
Shares granted (in shares)	7,200			120,000	375,000
Granted (in USD per share) | $ / shares	$ 12.58			$ 3.33	$ 3.33
Weighted average grant date fair value | $	$ 20,160			$ 42,000	$ 86,450
The 2013 Stock Incentive Plan | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Number of shares available for grant										495,000
Expiration period						10 years
Employee terminations | employee						0
The 2013 Stock Incentive Plan | Award vesting on grant date | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage	20.00%			20.00%	20.00%
The 2013 Stock Incentive Plan | Award vesting, first anniversary | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage	20.00%			20.00%	20.00%
The 2013 Stock Incentive Plan | Award vesting, second anniversary | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage	20.00%			20.00%	20.00%
The 2013 Stock Incentive Plan | Award vesting, third anniversary | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage	20.00%			20.00%	20.00%
The 2013 Stock Incentive Plan | Award vesting, fourth anniversary | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage	20.00%			20.00%	20.00%
2014 Omnibus Performance Award Plan
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Shares granted (in shares)	5,000	15,000	230,000
Granted (in USD per share) | $ / shares	$ 12.58	$ 11.50	$ 12.50
Weighted average grant date fair value | $	$ 14,000	$ 33,500	$ 625,600
Number of shares authorized								450,000	250,000
2014 Omnibus Performance Award Plan | Award vesting on grant date | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage		20.00%	20.00%
2014 Omnibus Performance Award Plan | Award vesting, first anniversary | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage		20.00%	20.00%
2014 Omnibus Performance Award Plan | Award vesting, second anniversary | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage		20.00%	20.00%
2014 Omnibus Performance Award Plan | Award vesting, third anniversary | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage		20.00%	20.00%
2014 Omnibus Performance Award Plan | Award vesting, fourth anniversary | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Award vesting rights, percentage		20.00%	20.00%
2014 Omnibus Performance Award Plan | Director
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Shares granted (in shares)			45,000
2014 Omnibus Performance Award Plan | Employee
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Shares granted (in shares)			185,000

Stock Incentive Plans - Valuati

Stock Incentive Plans - Valuation Assumptions (Details) - Employee Stock Option	Apr. 29, 2016	Nov. 20, 2015	Aug. 17, 2015	Jan. 01, 2014	Jul. 17, 2013
The 2013 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	40.00%			34.00%	34.00%
Dividend yield	5.00%			0.00%	0.00%
Expected term (in years)	5 years			4 years	4 years
Risk-free rate	1.28%			1.27%	0.96%
2014 Omnibus Performance Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	40.00%	35.00%	38.00%
Dividend yield	5.00%	5.00%	4.80%
Expected term (in years)	5 years	5 years	5 years
Risk-free rate	1.28%	1.70%	1.58%

Stock Incentive Plans - Schedul

Stock Incentive Plans - Schedule of stock options and stock awards (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 02, 2017	Jan. 01, 2017
Aggregate Intrinsic Value
Share price (in USD per share)	$ 12.03
The Plan and the 2014 Plan
Number of Shares
Outstanding at January 1, 2017 (in shares)	629,880
Granted (in shares)	0
Exercised (in shares)	43,400
Forfeited or expired (in shares)	0
Outstanding at April 2, 2017 (in shares)	586,480	629,880
Vested and exercisable (in shares)	327,720
Weighted Average Exercise Price
Outstanding at January 1, 2017 (in USD per share)	$ 6.76
Granted (in USD per share)	0
Exercised (in USD per share)	3.33
Forfeited (in USD per share)	3.33
Outstanding at April 2, 2017 (in USD per share)	7.02	$ 6.76
Vested and exercisable (in USD per share)	$ 5.49
Weighted Average Remaining Contractual Term (in years)
Outstanding weighted average remaining contractual term	7 years 2 months 16 days	7 years 4 months 23 days
Granted	0 years
Exercised	0 years
Forfeited or expired	0 years
Vested and exercisable	6 years 10 months 6 days
Aggregate Intrinsic Value
Outstanding at April 2, 2016	$ 2,938,265
Vested and exercisable	$ 2,143,289

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Income Tax Disclosure [Abstract]
Income tax expense	$ 867,140	$ 835,567
Actual effective rate	29.80%	31.30%
Statutory rate	34.00%	34.00%

Operating Leases - Narrative (D

Operating Leases - Narrative (Details)	3 Months Ended
	Apr. 02, 2017USD ($)lease	Apr. 03, 2016USD ($)
Leases [Abstract]
Number of leases providing for escalating rents | lease	4
Operating lease, total rent expense | $	$ 545,275	$ 450,205

Operating Leases - Schedule of

Operating Leases - Schedule of Future Minimum Lease Payments (Details)	Apr. 02, 2017USD ($)
Leases [Abstract]
2,017	$ 1,614,224
2,018	1,884,869
2,019	1,457,836
2,020	917,755
2,021	105,110
Thereafter	15,722
Total	$ 5,995,516

Retirement Plans (Details)

Retirement Plans (Details) - USD ($)	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percent of employees gross pay	3.00%
Employer contribution amount	$ 120,820	$ 115,625
United States
Defined Benefit Plan Disclosure [Line Items]
Employer contribution amount	1,279
Canada
Defined Benefit Plan Disclosure [Line Items]
Employer contribution amount	$ 14,089
Defined contribution plan, initial contribution
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percent	100.00%
Employer matching contribution, percent of employees gross pay	3.00%
Defined contribution plan, additional contribution
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percent	50.00%
Employer matching contribution, percent of employees gross pay	2.00%

Related Party Transactions (Det

Related Party Transactions (Details) - Affiliated Entity - Management Agreement - USD ($)	Mar. 18, 2013	Apr. 02, 2017	Apr. 03, 2016
Related Party Transaction [Line Items]
Management agreement, term	5 years
Annual management fees	$ 300,000
Expenses from management contract		$ 56,250	$ 56,250

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Basic earnings per share calculation:
Net income	$ 2,046,837	$ 1,833,651
Net income attributable to common stockholders	$ 2,046,837	$ 1,833,651
Weighted average shares outstanding (in shares)	9,732,778	9,612,158
Net income per share-basic (in USD per share)	$ 0.21	$ 0.19
Diluted earnings per share calculation:
Weighted average shares outstanding (in shares)	9,732,778	9,612,158
Effect of dilutive securities:
Stock options (in shares)	166,899	211,522
Warrants (in shares)	17,010	9,369
Diluted weighted average shares outstanding (in shares)	9,916,687	9,833,049
Net income per share-diluted (in USD per share)	$ 0.21	$ 0.19
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities considered in the computation of earnings per share (in shares)	342,080	428,900
Antidilutive securities excluded from computation of EPS (in shares)	232,200	245,000
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities considered in the computation of earnings per share (in shares)	1,185	2,286
Warrants for Underwriters
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities considered in the computation of earnings per share (in shares)	141,000	141,000
The 2013 Stock Incentive Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS (in shares)	7,200
2014 Omnibus Performance Award Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS (in shares)	5,000

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ / shares in Units, $ in Millions	May 10, 2017	Apr. 02, 2017	Apr. 03, 2016
Subsequent Event [Line Items]
Dividends declared (in USD per share)		$ 0.15	$ 0.15
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in USD per share)	$ 0.15
Dividends	$ 1.5