Patrick Industries (PATK) 10-Q 8 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 30, 2014	Apr. 25, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'PATRICK INDUSTRIES INC	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	10,650,714
Amendment Flag	'false	'
Entity Central Index Key	'0000076605	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Accelerated Filer	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	30-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Financial Position (Unaudited) (USD $)	Mar. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$23	$34
Trade receivables, net	42,842	22,644
Inventories	59,680	56,510
Deferred tax assets	2,818	3,762
Prepaid expenses and other	2,306	4,749
Total current assets	107,669	87,699
Property, plant and equipment, at cost	101,459	101,060
Less accumulated depreciation	59,738	58,943
Property, plant and equipment, net	41,721	42,117
Goodwill	16,495	16,495
Intangible assets, net of accumulated amortization (2014: $6,427; 2013: $5,640)	24,824	25,611
Deferred financing costs, net of accumulated amortization (2014: $1,492; 2013: $1,405)	1,197	1,283
Other non-current assets	966	982
TOTAL ASSETS	192,872	174,187
Current Liabilities	'	'
Accounts payable	36,842	18,826
Accrued liabilities	13,885	13,585
Total current liabilities	50,727	32,411
Long-term debt	47,394	55,000
Deferred compensation and other	2,517	2,546
Deferred tax liabilities	1,876	1,920
TOTAL LIABILITIES	102,514	91,877
SHAREHOLDERS’ EQUITY	'	'
Common stock	53,955	53,863
Additional-paid-in-capital	7,664	6,604
Accumulated other comprehensive income	54	54
Retained earnings	28,685	21,789
TOTAL SHAREHOLDERS’ EQUITY	90,358	82,310
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$192,872	$174,187

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Financial Position (Unaudited) (Parentheticals) (USD $)	Mar. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Intangible assets, accumulated amortization	$6,427	$5,640
Deferred financing costs, accumulated amortization	$1,492	$1,405

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
NET SALES	$170,150	$142,120
Cost of goods sold	143,003	119,684
GROSS PROFIT	27,147	22,436
Operating expenses:	'	'
Warehouse and delivery	6,112	4,536
Selling, general and administrative	8,500	6,969
Amortization of intangible assets	787	519
Gain on sale of fixed assets	-13	-4
Total operating expenses	15,386	12,020
OPERATING INCOME	11,761	10,416
Interest expense, net	549	552
Income before income taxes	11,212	9,864
Income taxes	4,316	3,845
NET INCOME	$6,896	$6,019
BASIC NET INCOME PER COMMON SHARE (in Dollars per share)	$0.64	$0.55
DILUTED NET INCOME PER COMMON SHARE (in Dollars per share)	$0.64	$0.55
Weighted average shares outstanding - Basic (in Shares)	10,702	10,904
Weighted average shares outstanding - Diluted (in Shares)	10,815	10,985

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net income	$6,896	$6,019
Depreciation	1,324	1,288
Amortization of intangible assets	787	519
Stock-based compensation expense	733	263
Deferred compensation expense	83	59
Deferred income taxes	900	3,357
Gain on sale of fixed assets	-13	-4
Decrease in cash surrender value of life insurance	23	23
Deferred financing cost amortization	87	86
Change in operating assets and liabilities:	'	'
Trade receivables	-20,198	-15,097
Inventories	-3,170	-5,363
Prepaid expenses and other	2,423	1,130
Accounts payable and accrued liabilities	17,672	8,951
Payments on deferred compensation obligations	-76	-92
Net cash provided by operating activities	7,471	1,139
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Capital expenditures	-914	-1,308
Proceeds from sale of property and equipment	19	481
Other	-7	-6
Net cash used in investing activities	-902	-833
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Long-term debt borrowings (payments), net	-7,606	4,382
Payment of deferred financing costs	-1	-50
Stock repurchases under buyback program	'	-3,567
Realization of excess tax benefit on stock-based compensation	1,037	'
Proceeds from exercise of stock options, including tax benefit	26	'
Payments on capital lease obligations	-36	-50
Net cash provided by (used in) financing activities	-6,580	715
Increase (decrease) in cash and cash equivalents	-11	1,021
Cash and cash equivalents at beginning of year	34	434
Cash and cash equivalents at end of period	$23	$1,455

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 30, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	1	BASIS OF PRESENTATION
	In the opinion of Patrick Industries, Inc. (“Patrick” or the “Company”), the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly the Company’s financial position as of March 30, 2014 and December 31, 2013, and its results of income and cash flows for the three months ended March 30, 2014 and March 31, 2013.
	Patrick’s unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to those rules or regulations. For a description of significant accounting policies used by the Company in the preparation of its consolidated financial statements, please refer to Note 2 of the Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. The December 31, 2013 condensed consolidated statement of financial position data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. Operating results for the first quarter ended March 30, 2014 are not necessarily indicative of the results to be expected for the year ending December 31, 2014.
	In preparation of Patrick’s condensed consolidated financial statements as of and for the quarter ended March 30, 2014, management evaluated all material subsequent events or transactions that occurred after the balance sheet date through the date of issuance of the Form 10-Q for potential recognition or disclosure in the consolidated financial statements. See Note 13 for events that occurred subsequent to the balance sheet date.

Note_2_Inventories

Note 2 - Inventories	3 Months Ended
	Mar. 30, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	2	INVENTORIES
	Inventories are stated at the lower of cost (First-In, First-Out (FIFO) Method) or market and consist of the following classes:
	(thousands)		Mar. 30, 2014			Dec. 31, 2013
	Raw materials		$	25,262		$	24,135
	Work in process			5,107			4,870
	Finished goods			4,914			3,877
	Less: reserve for inventory obsolescence			(1,191	)		(938	)
	Total manufactured goods, net			34,092			31,944
	Materials purchased for resale (distribution products)			26,013			24,904
	Less: reserve for inventory obsolescence			(425	)		(338	)
	Total materials purchased for resale (distribution products), net			25,588			24,566
	Total inventories		$	59,680		$	56,510

Note_3_Goodwill_and_Intangible

Note 3 - Goodwill and Intangible Assets	3 Months Ended
	Mar. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure [Text Block]	'
	3	GOODWILL AND INTANGIBLE ASSETS
	Goodwill and other intangible assets are allocated to the Company’s reporting units at the date they are initially recorded. Goodwill and indefinite-lived intangible assets are not amortized but are subject to an annual (or under certain circumstances more frequent) impairment test based on their estimated fair value. Goodwill impairment testing is performed at the reporting unit level, one level below the business segment. The Company’s Manufacturing segment includes goodwill originating from the acquisitions of Gravure Ink (acquired in the Adorn Holdings, Inc. acquisition), Quality Hardwoods Sales (“Quality Hardwoods”), A.I.A. Countertops, LLC (“AIA”), Infinity Graphics, Décor Mfg., LLC (“Décor”), Creative Wood Designs, Inc. (“Creative Wood”), Middlebury Hardwood Products, Inc. (“Middlebury Hardwoods”), Frontline Mfg., Inc. (“Frontline”), and Premier Concepts, Inc. (“Premier”). While Gravure Ink, AIA, Infinity Graphics, Décor, Creative Wood, Middlebury Hardwoods, Frontline, and Premier remain reporting units of the Company for which impairment is assessed, Quality Hardwoods is assessed for impairment as part of the Company’s hardwood door reporting unit. The Company’s Distribution segment includes goodwill originating from the acquisitions of Blazon International Group (“Blazon”) and John H. McDonald Co., Inc. d/b/a West Side Furniture (“West Side”), which remain reporting units for which impairment is assessed.
	Finite-lived intangible assets that meet certain criteria continue to be amortized over their useful lives and are subject to an impairment test based on estimated undiscounted cash flows when impairment indicators exist. The Company performs the required impairment test of goodwill in the fourth quarter or more frequently if events or changes in circumstances indicate that the carrying value may exceed the fair value. No impairment was recognized during the first quarter ended March 30, 2014. There have been no material changes to the method of evaluating goodwill impairment during the first quarter of 2014. The Company does not believe there is a reasonable likelihood that there will be a material change in the estimates or assumptions used to determine impairment in the foreseeable future.
	Goodwill
	As of March 30, 2014 and December 31, 2013, the carrying amount of goodwill in the Manufacturing segment and the Distribution segment was $13.7 million and $2.8 million, respectively.
	Other Intangible Assets
	As of March 30, 2014, the remaining intangible assets balance of $24.8 million is comprised of $4.1 million of trademarks which have an indefinite life, and therefore, no amortization expense has been recorded, and $20.7 million pertaining to customer relationships and non-compete agreements which are being amortized over periods ranging from 3 to 19 years.
	Other intangible assets, net consist of the following as of March 30, 2014 and December 31, 2013:
	(thousands)		Mar. 30, 2014			Dec. 31, 2013
	Customer relationships		$	23,668		$	23,668
	Non-compete agreements			3,417			3,417
	Trademarks			4,166			4,166
				31,251			31,251
	Less: accumulated amortization			(6,427	)		(5,640	)
	Other intangible assets, net		$	24,824		$	25,611
	Changes in the carrying value of other intangible assets for the three months ended March 30, 2014 by segment are as follows:
	(thousands)		Manufacturing			Distribution			Total
	Balance – December 31, 2013		$	19,626		$	5,985		$	25,611
	Amortization			(554	)		(233	)		(787	)
	Balance – March 30, 2014		$	19,072		$	5,752		$	24,824

Note_4_Acquistions

Note 4 - Acquistions	3 Months Ended
	Mar. 30, 2014
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	4	ACQUISITIONS
	2013 Acquisitions
	Frontline
	In September 2013, the Company acquired the business and certain assets of Warsaw, Indiana-based Frontline, a manufacturer of fiberglass bath fixtures including tubs, showers, and combination tub/shower units for the RV, MH, and residential housing markets, for a net purchase price of $5.2 million, which includes a contingent payment based on future performance. This acquisition provided the opportunity for the Company to establish a presence in the fiberglass bath and shower surround and fixtures market and increase its product offerings, market share, and per unit content. The results of operations for Frontline are included in the Company’s condensed consolidated financial statements and the Manufacturing operating segment from the date of acquisition. The fair value of the contingent consideration arrangement was estimated by applying the income approach and included assumptions related to the probability of future payments and discounted cash flows. The excess of the purchase price over the fair value of the net assets acquired was recorded as goodwill, which represents the value of leveraging the Company’s existing purchasing, manufacturing, sales, and systems resources with the organizational talent and expertise of the Frontline team to maximize efficiencies, revenue impact, market share growth, and net income.
	The acquisition was funded through borrowings under the Company’s 2012 Credit Facility (as defined herein). Assets acquired and liabilities assumed in the acquisition were recorded on the Company’s condensed consolidated statements of financial position at their estimated fair values as of the date of the acquisition. The preliminary purchase price allocation is subject to final approval and thus, all required purchase accounting adjustments are expected to be finalized in the first half of 2014. The following summarizes the estimated fair values of the assets acquired and the liabilities assumed as of the date of acquisition:
	(thousands)
	Trade receivables		$	1,640
	Inventories			250
	Property, plant and equipment			917
	Prepaid expenses			21
	Accounts payable and accrued liabilities			(2,135	)
	Intangible assets			2,092
	Goodwill			2,395
	Total net purchase price		$	5,180
	Premier
	In September 2013, the Company acquired the business and certain assets of Warsaw, Indiana-based Premier, a custom fabricator of solid surface, granite, and quartz countertops for the RV, MH and residential housing markets, for a net purchase price of $2.6 million, which includes a contingent payment based on future performance. This acquisition provided the opportunity for the Company to expand its presence in the countertop market and increase its product offerings, market share, and per unit content. The results of operations for Premier are included in the Company’s condensed consolidated financial statements and the Manufacturing operating segment from the date of acquisition. The fair value of the contingent consideration arrangement was estimated by applying the income approach and included assumptions related to the probability of future payments and discounted cash flows. The excess of the purchase price over the fair value of the net assets acquired was recorded as goodwill, which represents the value of leveraging the Company’s existing purchasing, manufacturing, sales, and systems resources with the organizational talent and expertise of the Premier team to maximize efficiencies, revenue impact, market share growth, and net income.
	The acquisition was funded through borrowings under the Company’s 2012 Credit Facility. Assets acquired and liabilities assumed in the acquisition were recorded on the Company’s condensed consolidated statements of financial position at their estimated fair values as of the date of the acquisition. The preliminary purchase price allocation is subject to final approval and thus, all required purchase accounting adjustments are expected to be finalized in the first half of 2014. The following summarizes the estimated fair values of the assets acquired and the liabilities assumed as of the date of acquisition:
	(thousands)
	Trade receivables		$	791
	Inventories			347
	Property, plant and equipment			561
	Accounts payable and accrued liabilities			(1,357	)
	Intangible assets			1,210
	Goodwill			1,068
	Total net purchase price		$	2,620
	West Side
	In September 2013, the Company acquired the business and certain assets of Goshen, Indiana-based West Side, a wholesale supplier of La-Z-Boy® recliners and the Serta® Trump Home™ mattress line, among other furniture products, to the RV market, for a net purchase price of $8.7 million. This acquisition provided the opportunity for the Company to expand its presence in the wholesale furniture business for the RV industry, and increase its product offerings, market share, and per unit content. The results of operations for West Side are included in the Company’s condensed consolidated financial statements and the Distribution operating segment from the date of acquisition. The excess of the purchase price over the fair value of the net assets acquired was recorded as goodwill, which represents the value of leveraging the Company’s existing purchasing, sales, and systems resources with the organizational talent and expertise of the West Side team to maximize efficiencies, revenue impact, market share growth, and net income.
	The acquisition was funded through borrowings under the Company’s 2012 Credit Facility. Assets acquired and liabilities assumed in the acquisition were recorded on the Company’s condensed consolidated statements of financial position at their estimated fair values as of the date of the acquisition. The following summarizes the fair values of the assets acquired and the liabilities assumed as of the date of acquisition:
	(thousands)
	Trade receivables		$	902
	Inventories			1,439
	Property, plant and equipment			324
	Prepaid expenses			9
	Accounts payable and accrued liabilities			(2,094	)
	Intangible assets			5,461
	Goodwill			2,670
	Total net purchase price		$	8,711
	Pro Forma Information
	The following pro forma information for the first quarter ended March 31, 2013 assumes the Frontline, Premier, and West Side acquisitions occurred as of January 1, 2013, the beginning of the year in which such acquisitions occurred. The pro forma information contains the actual operating results of Frontline, Premier, and West Side, combined with the results prior to their respective acquisition dates adjusted to reflect the pro forma impact of the acquisitions occurring as of January 1, 2013, the beginning of the year in which such acquisitions occurred. In addition, the pro forma information includes amortization expense related to intangible assets acquired in these three acquisitions of approximately $0.3 million in the aggregate for the first quarter ended March 31, 2013.
			First Quarter Ended
	(thousands except per share data)		31-Mar-13
	Revenue		$	151,575
	Net income			6,114
	Basic net income per common share			0.56
	Diluted net income per common share			0.56
	The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time, nor is it intended to be a projection of future results.
	There were no businesses acquired in the first quarter of 2014 and the first quarter of 2013.

Note_5_StockBased_Compensation

Note 5 - Stock-Based Compensation	3 Months Ended
	Mar. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	5	STOCK-BASED COMPENSATION
	The Company accounts for stock-based compensation in accordance with fair value recognition provisions. The Company recorded compensation expense of $0.7 million and $0.3 million for the first quarters ended March 30, 2014 and March 31, 2013, respectively, for its stock-based compensation plans on the condensed consolidated statements of income.
	The Company estimates the fair value of (i) all stock grants as of the grant date using the closing price per share of the Company’s common stock on such date, and (ii) all stock option and stock appreciation rights awards as of the grant date by applying the Black-Scholes option pricing model. The Board of Directors (the “Board”) approved the following share grants in 2013: 89,947 shares on March 4, 2013; 5,000 shares on March 11, 2013; and 19,480 shares on May 23, 2013. In addition, the Board approved the issuance of 200,000 shares that may be issued upon the exercise of stock options that were granted on December 18, 2013, and the issuance of 200,000 shares that may be issued upon the exercise of stock appreciation rights that were granted on December 18, 2013. The grant of the stock appreciation rights is subject to shareholder approval of amendments to the Company’s 2009 Omnibus Incentive Plan (the “Plan”) to increase the number of shares available for grant under the Plan and to make certain other changes, and the Company has accounted for the stock appreciation rights as if such amendments were approved.
	The following share grants were approved in 2014: 34,000 shares on February 12, 2014 and 65,668 shares on February 18, 2014. In addition, on February 18, 2014, the Board approved the issuance of 44,001 restricted stock units under the Plan.
	As of March 30, 2014, there was approximately $7.1 million of total unrecognized compensation cost related to stock-based compensation arrangements granted under incentive plans. That cost is expected to be recognized over a weighted-average period of 25.6 months.

Note_6_Income_Per_Common_Share

Note 6 - Income Per Common Share	3 Months Ended
	Mar. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	6	INCOME PER COMMON SHARE
	Basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding, plus the dilutive effect of stock options, stock appreciation rights, and restricted stock units (collectively “Common Stock Equivalents”). The dilutive effect of Common Stock Equivalents is calculated under the treasury stock method using the average market price for the period. Certain Common Stock Equivalents were not included in the computation of diluted net income per common share because the strike prices of those Common Stock Equivalents were greater than the average market price of the common shares.
	Income per common share is calculated for the first quarter periods as follows:
			March 30,		March 31,
	(thousands)		2014		2013
	Net income for basic and diluted per share calculation		$	6,896	$	6,019
	Weighted average common shares outstanding - basic			10,702		10,904
	Effect of potentially dilutive securities			113		81
	Weighted average common shares outstanding - diluted			10,815		10,985
	Basic net income per common share		$	0.64	$	0.55
	Diluted net income per common share		$	0.64	$	0.55

Note_7_Other_NonCurrent_Assets

Note 7 - Other Non-Current Assets	3 Months Ended
	Mar. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Other Assets Disclosure [Text Block]	'
	7	OTHER NON-CURRENT ASSETS
	As of March 30, 2014 and December 31, 2013, other non-current assets of $1.0 million were net of borrowings against the cash value of life insurance policies on certain of the Company’s officers and directors of approximately $2.8 million and $2.7 million, respectively.

Note_8_Debt

Note 8 - Debt	3 Months Ended
	Mar. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	8	DEBT
	Total long-term debt outstanding at March 30, 2014 and December 31, 2013 was $47.4 million and $55.0 million, respectively.
	2012 Credit Facility
	On October 24, 2012, the Company entered into a credit agreement (the “2012 Credit Agreement”) with Wells Fargo Bank, National Association as the agent and lender (“Wells Fargo”), and Fifth-Third as participant (collectively, the “Lenders”), to establish a five-year $80.0 million revolving secured senior credit facility (the “2012 Credit Facility”).
	The 2012 Credit Agreement is secured by a pledge of substantially all of the assets of the Company pursuant to a Security Agreement, dated October 24, 2012, between the Company and Wells Fargo, as agent. The 2012 Credit Agreement includes certain definitions, terms and reporting requirements and includes the following provisions:
		●	The maturity date for the 2012 Credit Facility is October 24, 2017;
		●	Borrowings under the revolving line of credit (the “Revolver”) are subject to a maximum borrowing limit of $80.0 million;
		●	The Company has the option to increase the 2012 Credit Facility by an amount up to $20.0 million upon request to and subject to the approval of the Lenders;
		●	The interest rates for borrowings under the Revolver are the Base Rate plus the Applicable Margin or the London Interbank Offer Rate (“LIBOR”) plus the Applicable Margin, with a fee payable by the Company on unused but committed portions of the Revolver;
		●	The Revolver includes a sub-limit up to $5.0 million for same day advances (“Swing Line”) which shall bear interest based upon the Base Rate plus the Applicable Margin;
		●	Up to $20.0 million of the Revolver will be available as a sub facility for the issuance of standby letters of credit, which are subject to certain expiration dates;
		●	The financial covenants include requirements as to a consolidated total leverage ratio and a consolidated interest coverage ratio, and other covenants include limitations on permitted acquisitions, capital expenditures, indebtedness, restricted payments and fundamental changes (see further details below); and
		●	Customary prepayment provisions which require the prepayment of outstanding amounts under the Revolver based on predefined conditions.
	At March 30, 2014 and December 31, 2013, the Company had $47.4 million and $55.0 million, respectively, outstanding under its Revolver. The interest rate for borrowings under the Revolver at March 30, 2014 was the Prime Rate plus 0.50% (or 3.75%), or LIBOR plus 1.50% (which ranged from 1.625% to 1.6875%). The interest rate for borrowings under the Revolver at December 31, 2013 was the Prime Rate plus 0.50% (or 3.75%), or LIBOR plus 1.50% (or 1.6875%). The fee payable on committed but unused portions of the Revolver was 0.20% for both of these periods.
	Pursuant to the 2012 Credit Agreement, the financial covenants include (a) a maximum consolidated total leverage ratio, measured on a quarter-end basis, not to exceed 3.50:1.00 for the 12 month period ending on such quarter-end; (b) a required minimum consolidated interest coverage ratio under the Revolver, measured on a quarter-end basis, of at least 2.25:1.00 for the 12 month period ending on such quarter-end; and (c) a limitation on annual capital expenditures of $12.0 million for 2013 and $10.0 million for subsequent fiscal years. If the consolidated total leverage ratio is in excess of 3.00:1.00 and less than 3.50:1.00, the Company is considered to be in compliance with this financial covenant provided it maintains an asset coverage ratio of at least 1.00 to 1.00 as of the close of each period.
	The consolidated total leverage ratio is the ratio for any period of (i) consolidated total indebtedness to (ii) earnings before interest, taxes, depreciation and amortization (“EBITDA”). Consolidated total indebtedness for any period is the sum of (i) total debt outstanding under the Revolver, (ii) capital leases and letters of credit outstanding, and (iii) deferred payment obligations. The asset coverage ratio for any period is the ratio of (i) eligible amounts of the Company’s trade payables, inventory and fixed assets, minus certain reserves as defined under the 2012 Credit Agreement to (ii) the sum of outstanding obligations under the 2012 Credit Facility.
	The consolidated interest coverage ratio for any period is the ratio of (i) EBITDA minus depreciation to (ii) the sum of consolidated interest expense plus restricted payments made by the Company.
	As of and for the fiscal three-month period ended March 30, 2014, the Company was in compliance with all three of these financial covenants at each reporting date. The required maximum total leverage ratio, minimum interest coverage ratio, and the annual capital expenditures limitation amounts compared to the actual amounts as of and for the fiscal three-month period ended March 30, 2014 are as follows:
	(thousands except ratios)		Required		Actual
	Consolidated leverage ratio (12-month period)			3.5		0.9
	Consolidated interest coverage ratio (12-month period)			2.25		11.9
	Annual capital expenditures limitation (actual year-to-date)		$	10,000	$	914

Note_9_Fair_Value_Measurements

Note 9 - Fair Value Measurements	3 Months Ended
	Mar. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	9	FAIR VALUE MEASUREMENTS
	The carrying amounts of cash and cash equivalents, trade receivables, and accounts payable approximated fair value as of March 30, 2014 and December 31, 2013 because of the relatively short maturities of these financial instruments. The carrying amount of long-term debt approximated fair value as of March 30, 2014 and December 31, 2013, based upon terms and conditions available to the Company at those dates in comparison to the terms and conditions of its outstanding long-term debt.

Note_10_Accumulated_Other_Comp

Note 10 - Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 30, 2014
Disclosure Text Block [Abstract]	'
Comprehensive Income (Loss) Note [Text Block]	'
	10	ACCUMULATED OTHERCOMPREHENSIVE INCOME
	Accumulated other comprehensive income, net of tax, relating to accumulated changes in the funded status of pension benefits was $54,000 at both March 30, 2014 and December 31, 2013.

Note_11_Income_Taxes

Note 11 - Income Taxes	3 Months Ended
	Mar. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	11	INCOME TAXES
	The Company recorded income taxes at an estimated full year effective rate of 38.5% in the first quarter of 2014 and 39% in the first quarter of 2013.
	The Company had various state net operating loss carry forwards (“NOLs”) of approximately $4.5 million at December 31, 2013, of which approximately $3.7 million were remaining to be utilized as of March 30, 2014. The Company estimates that it will utilize a significant majority of the remaining state NOLs by the end of 2014.
	In the first quarter of 2014, the Company realized a net tax benefit of approximately $1.0 million related to excess benefits on stock-based compensation, which had not been recorded as deferred tax assets at December 31, 2013. This tax benefit was recorded to shareholders’ equity upon realization in the first quarter of 2014.

Note_12_Segment_Information

Note 12 - Segment Information	3 Months Ended
	Mar. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	12	SEGMENT INFORMATION
	The Company has determined that its reportable segments are those based on its method of internal reporting, which segregates its businesses by product category and production/distribution process.
	A description of the Company’s reportable segments is as follows:
	Manufacturing – The Company’s most significant manufacturing division is lamination, which utilizes various materials, such as lauan, medium-density fiberboard (“MDF”), gypsum, and particleboard, which are bonded by adhesives or a heating process to a number of products, including vinyl, paper, foil, and high-pressure laminates. These products are utilized to produce furniture, shelving, wall, counter, and cabinet products with a wide variety of finishes and textures. This segment also includes a cabinet door division, a fiberglass bath fixtures division, a hardwood furniture division, a vinyl printing division, a solid surface, granite, and quartz fabrication operation, and an exterior graphics division. Patrick’s major manufactured products also include wrapped vinyl, paper and hardwood profile mouldings, interior passage doors, and slotwall panels and components. The Manufacturing segment contributed approximately 76% and 78% of the Company’s net sales for the three months ended March 30, 2014 and March 31, 2013, respectively.
	Distribution – The Company distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics, wiring, electrical and plumbing products, cement siding, interior passage doors, roofing products, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other miscellaneous products. The Distribution segment contributed approximately 24% and 22% of the Company’s net sales for the three months ended March 30, 2014 and March 31, 2013, respectively.
	The tables below present unaudited information about the sales and operating income of those segments.
	First Quarter Ended March 30, 2014:
	(thousands)		Manufacturing			Distribution			Total
	Net outside sales		$	128,686		$	41,464		$	170,150
	Intersegment sales			5,062			601			5,663
	Operating income			13,144			2,297			15,441
	First Quarter Ended March 31, 2013:
	(thousands)		Manufacturing			Distribution			Total
	Net outside sales		$	111,463		$	30,657		$	142,120
	Intersegment sales			4,939			861			5,800
	Operating income			11,724			1,919			13,643
	The table below presents a reconciliation of segment operating income to consolidated operating income:
			First Quarter Ended
			March 30,			March 31,
	(thousands)		2014			2013
	Operating income for reportable segments		$	15,441		$	13,643
	Gain on sale of fixed assets			13			4
	Unallocated corporate expenses			(2,906	)		(2,712	)
	Amortization of intangible assets			(787	)		(519	)
	Consolidated operating income		$	11,761		$	10,416

Note_13_Stock_Repurchase_Progr

Note 13 - Stock Repurchase Program	3 Months Ended
	Mar. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Treasury Stock [Text Block]	'
	13	STOCK REPURCHASE PROGRAM
	On February 22, 2013, the Board authorized a stock repurchase program for purchasing up to $10.0 million of the Company’s common stock over the next 12 months. On February 13, 2014, the Board authorized an increase in the amount of the Company’s stock that may be acquired through the existing stock repurchase program over the next 12 months to $20.0 million, including approximately $3.9 million available under the previous authorization. There were no stock repurchases made during the first quarter ended March 30, 2014.
	In the second quarter of 2014 through April 30, 2014, the Company repurchased 23,011 shares at an average price of $39.90 per share for a total cost of approximately $0.9 million. Since the inception of the stock repurchase program in February 2013 through April 30, 2014, the Company has repurchased in the aggregate 430,341 shares at an average price of $16.26 per share for a total cost of approximately $7.0 million.
	Common Stock
	The Company’s common stock does not have a stated par value. As a result, repurchases of common stock have been reflected, using an average cost method, as a reduction of common stock, additional paid-in-capital, and retained earnings on the Company’s condensed consolidated statements of financial position.

Note_2_Inventories_Tables

Note 2 - Inventories (Tables)	3 Months Ended
	Mar. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
	(thousands)	Mar. 30, 2014			Dec. 31, 2013
	Raw materials	$	25,262		$	24,135
	Work in process		5,107			4,870
	Finished goods		4,914			3,877
	Less: reserve for inventory obsolescence		(1,191	)		(938	)
	Total manufactured goods, net		34,092			31,944
	Materials purchased for resale (distribution products)		26,013			24,904
	Less: reserve for inventory obsolescence		(425	)		(338	)
	Total materials purchased for resale (distribution products), net		25,588			24,566
	Total inventories	$	59,680		$	56,510

Note_3_Goodwill_and_Intangible1

Note 3 - Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Intangible Assets By Major Class [Table Text Block]	'
	(thousands)	Mar. 30, 2014			Dec. 31, 2013
	Customer relationships	$	23,668		$	23,668
	Non-compete agreements		3,417			3,417
	Trademarks		4,166			4,166
			31,251			31,251
	Less: accumulated amortization		(6,427	)		(5,640	)
	Other intangible assets, net	$	24,824		$	25,611
Schedule of Intangible Assets by Business Segment [Table Text Block]	'
	(thousands)	Manufacturing			Distribution			Total
	Balance – December 31, 2013	$	19,626		$	5,985		$	25,611
	Amortization		(554	)		(233	)		(787	)
	Balance – March 30, 2014	$	19,072		$	5,752		$	24,824

Note_4_Acquistions_Tables

Note 4 - Acquistions (Tables)	3 Months Ended
	Mar. 30, 2014
Business Combinations [Abstract]	'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	'
	(thousands)
	Trade receivables	$	1,640
	Inventories		250
	Property, plant and equipment		917
	Prepaid expenses		21
	Accounts payable and accrued liabilities		(2,135	)
	Intangible assets		2,092
	Goodwill		2,395
	Total net purchase price	$	5,180
	(thousands)
	Trade receivables	$	791
	Inventories		347
	Property, plant and equipment		561
	Accounts payable and accrued liabilities		(1,357	)
	Intangible assets		1,210
	Goodwill		1,068
	Total net purchase price	$	2,620
	(thousands)
	Trade receivables	$	902
	Inventories		1,439
	Property, plant and equipment		324
	Prepaid expenses		9
	Accounts payable and accrued liabilities		(2,094	)
	Intangible assets		5,461
	Goodwill		2,670
	Total net purchase price	$	8,711
Business Acquisition, Pro Forma Information [Table Text Block]	'
		First Quarter Ended
	(thousands except per share data)	31-Mar-13
	Revenue	$	151,575
	Net income		6,114
	Basic net income per common share		0.56
	Diluted net income per common share		0.56

Note_6_Income_Per_Common_Share1

Note 6 - Income Per Common Share (Tables)	3 Months Ended
	Mar. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		March 30,		March 31,
	(thousands)	2014		2013
	Net income for basic and diluted per share calculation	$	6,896	$	6,019
	Weighted average common shares outstanding - basic		10,702		10,904
	Effect of potentially dilutive securities		113		81
	Weighted average common shares outstanding - diluted		10,815		10,985
	Basic net income per common share	$	0.64	$	0.55
	Diluted net income per common share	$	0.64	$	0.55

Note_8_Debt_Tables

Note 8 - Debt (Tables)	3 Months Ended
	Mar. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Required financial covenants compared to actual amounts [Table Text Block]	'
	(thousands except ratios)	Required		Actual
	Consolidated leverage ratio (12-month period)		3.5		0.9
	Consolidated interest coverage ratio (12-month period)		2.25		11.9
	Annual capital expenditures limitation (actual year-to-date)	$	10,000	$	914

Note_12_Segment_Information_Ta

Note 12 - Segment Information (Tables)	3 Months Ended
	Mar. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	First Quarter Ended March 30, 2014:
	(thousands)	Manufacturing			Distribution			Total
	Net outside sales	$	128,686		$	41,464		$	170,150
	Intersegment sales		5,062			601			5,663
	Operating income		13,144			2,297			15,441
	First Quarter Ended March 31, 2013:
	(thousands)	Manufacturing			Distribution			Total
	Net outside sales	$	111,463		$	30,657		$	142,120
	Intersegment sales		4,939			861			5,800
	Operating income		11,724			1,919			13,643
Reconciliation of Certain Line Items Pertaining to Total Reportable Segments [Table Text Block]	'
		First Quarter Ended
		March 30,			March 31,
	(thousands)	2014			2013
	Operating income for reportable segments	$	15,441		$	13,643
	Gain on sale of fixed assets		13			4
	Unallocated corporate expenses		(2,906	)		(2,712	)
	Amortization of intangible assets		(787	)		(519	)
	Consolidated operating income	$	11,761		$	10,416

Note_2_Inventories_Details_Inv

Note 2 - Inventories (Details) - Inventories (USD $)	Mar. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory [Line Items]	'	'
Raw materials	$25,262	$24,135
Work in process	5,107	4,870
Finished goods	4,914	3,877
Total materials purchased for resale (distribution products), net	25,588	24,566
Total inventories	59,680	56,510
Total manufactured goods, net	34,092	31,944
Materials purchased for resale (distribution products)	26,013	24,904
Manufactured Goods [Member]	'	'
Inventory [Line Items]	'	'
Less: reserve for inventory obsolescence	-1,191	-938
Materials Purchased for Resale [Member]	'	'
Inventory [Line Items]	'	'
Less: reserve for inventory obsolescence	($425)	($338)

Note_3_Goodwill_and_Intangible2

Note 3 - Goodwill and Intangible Assets (Details) (USD $)	3 Months Ended
	Mar. 30, 2014	Dec. 31, 2013
Note 3 - Goodwill and Intangible Assets (Details) [Line Items]	'	'
Impairment of Intangible Assets, Finite-lived	$0	'
Goodwill, Impairment Loss	0	'
Goodwill	16,495,000	16,495,000
Intangible Assets, Net (Excluding Goodwill)	24,824,000	25,611,000
Manufacturing and Distribution [Member]	'	'
Note 3 - Goodwill and Intangible Assets (Details) [Line Items]	'	'
Goodwill	13,700,000	2,800,000
Trademarks [Member]	'	'
Note 3 - Goodwill and Intangible Assets (Details) [Line Items]	'	'
Intangible Assets, Net (Excluding Goodwill)	4,100,000	'
Customer Relationships [Member]	'	'
Note 3 - Goodwill and Intangible Assets (Details) [Line Items]	'	'
Intangible Assets, Net (Excluding Goodwill)	$20,700,000	'
Minimum [Member] | Customer Relationships and Non-compete Agreements [Member]	'	'
Note 3 - Goodwill and Intangible Assets (Details) [Line Items]	'	'
Finite-Lived Intangible Asset, Weighted Average Useful Life	'3 years	'
Maximum [Member] | Customer Relationships and Non-compete Agreements [Member]	'	'
Note 3 - Goodwill and Intangible Assets (Details) [Line Items]	'	'
Finite-Lived Intangible Asset, Weighted Average Useful Life	'19 years	'

Note_3_Goodwill_and_Intangible3

Note 3 - Goodwill and Intangible Assets (Details) - Other Intangible Assets, Net, by Major Class (USD $)	Mar. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Note 3 - Goodwill and Intangible Assets (Details) - Other Intangible Assets, Net, by Major Class [Line Items]	'	'
Other intangible assets, net	$31,251	$31,251
Less: accumulated amortization	-6,427	-5,640
Other intangible assets, net	24,824	25,611
Customer Relationships [Member]	'	'
Note 3 - Goodwill and Intangible Assets (Details) - Other Intangible Assets, Net, by Major Class [Line Items]	'	'
Other intangible assets, net	23,668	23,668
Noncompete Agreements [Member]	'	'
Note 3 - Goodwill and Intangible Assets (Details) - Other Intangible Assets, Net, by Major Class [Line Items]	'	'
Other intangible assets, net	3,417	3,417
Trademarks [Member]	'	'
Note 3 - Goodwill and Intangible Assets (Details) - Other Intangible Assets, Net, by Major Class [Line Items]	'	'
Other intangible assets, net	$4,166	$4,166

Note_3_Goodwill_and_Intangible4

Note 3 - Goodwill and Intangible Assets (Details) - Other Intangible Assets by Segment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014
Note 3 - Goodwill and Intangible Assets (Details) - Other Intangible Assets by Segment [Line Items]	'
Other intangible assets, net	$25,611
Amortization	-787
Other intangible assets, net	24,824
Manufacturing [Member]	'
Note 3 - Goodwill and Intangible Assets (Details) - Other Intangible Assets by Segment [Line Items]	'
Other intangible assets, net	19,626
Amortization	-554
Other intangible assets, net	19,072
Distribution [Member]	'
Note 3 - Goodwill and Intangible Assets (Details) - Other Intangible Assets by Segment [Line Items]	'
Other intangible assets, net	5,985
Amortization	-233
Other intangible assets, net	$5,752

Note_4_Acquistions_Details

Note 4 - Acquistions (Details) (USD $)	3 Months Ended	1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
		Frontline [Member]	Premier Concepts, Inc. [Member]	West Side Furniture [Member]
Note 4 - Acquistions (Details) [Line Items]	'	'	'	'
Payments to Acquire Businesses, Net of Cash Acquired	'	$5.20	$2.60	$8.70
Business Acquisition, Pro Forma Amortization Expense	$0.30	'	'	'

Note_4_Acquistions_Details_Fai

Note 4 - Acquistions (Details) - Fair Value of Assets Acquired, Summary (USD $)	Mar. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
In Thousands, unless otherwise specified			Frontline [Member]	Premier Concepts, Inc. [Member]	West Side Furniture [Member]
Note 4 - Acquistions (Details) - Fair Value of Assets Acquired, Summary [Line Items]	'	'	'	'	'
Trade receivables	'	'	$1,640	$791	$902
Inventories	'	'	250	347	1,439
Property, plant and equipment	'	'	917	561	324
Prepaid expenses	'	'	21	'	9
Accounts payable and accrued liabilities	'	'	-2,135	-1,357	-2,094
Intangible assets	'	'	2,092	1,210	5,461
Goodwill	16,495	16,495	2,395	1,068	2,670
Total net purchase price	'	'	$5,180	$2,620	$8,711

Note_4_Acquistions_Details_Pro

Note 4 - Acquistions (Details) - Pro Forma Information Related to Acquisitions (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2013
Pro Forma Information Related to Acquisitions [Abstract]	'
Revenue	$151,575
Net income	$6,114
Basic net income per common share	$0.56
Diluted net income per common share	$0.56

Note_5_StockBased_Compensation1

Note 5 - Stock-Based Compensation (Details) (USD $)	0 Months Ended	1 Months Ended	3 Months Ended			1 Months Ended	0 Months Ended	1 Months Ended	0 Months Ended
In Millions, except Share data, unless otherwise specified	Feb. 12, 2014	Feb. 18, 2014	Mar. 30, 2014	Mar. 31, 2014	Mar. 31, 2013	Feb. 18, 2014	Mar. 04, 2013	23-May-13	Mar. 11, 2013	Dec. 18, 2013	Dec. 18, 2013
						Restricted Stock [Member]	Restricted Stock [Member]	Restricted Stock [Member]	Restricted Stock [Member]	Stock Appreciation Rights (SARs) [Member]	2009 Omnibus Incentive Plan [Member]
Note 5 - Stock-Based Compensation (Details) [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Allocated Share-based Compensation Expense (in Dollars)	'	'	$0.70	'	$0.30	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	'	'	'	'	'	'	89,947	19,480	5,000	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	'	'	'	'	'	'	'	'	'	200,000	200,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	34,000	65,668	'	'	'	44,001	'	'	'	'	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)	'	'	$7.10	'	'	'	'	'	'	'	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'	'	'	'25 months 18 days	'	'	'	'	'	'	'

Note_6_Income_Per_Common_Share2

Note 6 - Income Per Common Share (Details) - Earnings Per Common Share (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Earnings Per Common Share [Abstract]	'	'
Net income for basic and diluted per share calculation (in Dollars)	$6,896	$6,019
Weighted average common shares outstanding - basic	10,702	10,904
Effect of potentially dilutive securities	113	81
Weighted average common shares outstanding - diluted	10,815	10,985
Basic net income per common share (in Dollars per share)	$0.64	$0.55
Diluted net income per common share (in Dollars per share)	$0.64	$0.55

Note_7_Other_NonCurrent_Assets1

Note 7 - Other Non-Current Assets (Details) (USD $)	Mar. 30, 2014	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'	'
Other Assets, Noncurrent	$966,000	$982,000
Loans, Gross, Insurance Policy	$2,800,000	$2,700,000

Note_8_Debt_Details

Note 8 - Debt (Details) (USD $)

Mar. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Mar. 30, 2014

Dec. 31, 2014

Dec. 31, 2012

Dec. 31, 2012

Mar. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 30, 2014

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Mar. 30, 2014

Dec. 31, 2012

Mar. 30, 2014

Mar. 30, 2014

Additional Borrowing Capacity [Member]

Required [Member]

Required [Member]

Required [Member]

Scenario, Forecast [Member]

Scenario, Forecast [Member]

Scenario, Forecast [Member]

Prime Rate [Member]

Prime Rate [Member]

London Interbank Offered Rate (LIBOR) [Member]

London Interbank Offered Rate (LIBOR) [Member]

Same Day Advance Swing Line [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Letter of Credit [Member]

Minimum [Member]

Maximum [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Minimum [Member]

Maximum [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

London Interbank Offered Rate (LIBOR) [Member]

London Interbank Offered Rate (LIBOR) [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Note 8 - Debt (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Excluding Current Maturities (in Dollars)

$47,394,000

$55,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)

'

'

20,000,000

'

'

'

'

'

'

'

'

'

'

5,000,000

'

80,000,000

'

20,000,000

'

'

Line of Credit Facility, Amount Outstanding (in Dollars)

47,400,000

55,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Basis Spread on Variable Rate

'

'

'

'

'

'

'

'

'

0.50%

0.50%

1.50%

1.50%

'

'

'

'

'

'

'

Debt Instrument, Interest Rate at Period End

'

'

'

'

'

'

'

'

'

3.75%

3.75%

1.69%

'

'

'

'

'

'

1.63%

1.69%

Line of Credit Facility, Unused Capacity, Commitment Fee Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.20%

'

0.20%

'

'

'

Consolidated Leverage Ratio

'

'

'

'

3.5

3.5

'

3

3.5

'

'

'

'

'

'

'

'

'

'

'

Consolidated Interest Coverage Ratio

'

'

'

'

2.25

2.25

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Annual Capital Expenditures Limitation And Actual Year To Date (in Dollars)

'

'

'

$12,000,000

'

$10,000,000

$10,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum Asset Coverage Ratio

'

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

'

'

'

Note_8_Debt_Details_Required_F

Note 8 - Debt (Details) - Required Financial Covenants Compared to Actual Amounts (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014
Required [Member]	'
Note 8 - Debt (Details) - Required Financial Covenants Compared to Actual Amounts [Line Items]	'
Consolidated leverage ratio (12-month period)	3.5
Consolidated interest coverage ratio (12-month period)	2.25
Annual capital expenditures limitation (actual year-to-date) (in Dollars)	$10,000
Scenario, Actual [Member]	'
Note 8 - Debt (Details) - Required Financial Covenants Compared to Actual Amounts [Line Items]	'
Consolidated leverage ratio (12-month period)	0.9
Consolidated interest coverage ratio (12-month period)	11.9
Annual capital expenditures limitation (actual year-to-date) (in Dollars)	$914

Note_10_Accumulated_Other_Comp1

Note 10 - Accumulated Other Comprehensive Income (Details) (USD $)	Mar. 30, 2014	Dec. 31, 2013
Disclosure Text Block [Abstract]	'	'
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	$54,000	$54,000

Note_11_Income_Taxes_Details

Note 11 - Income Taxes (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Dec. 31, 2013
			State and Local Jurisdiction [Member]	State and Local Jurisdiction [Member]
Note 11 - Income Taxes (Details) [Line Items]	'	'	'	'
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	38.50%	39.00%	'	'
Operating Loss Carryforwards	'	'	$3.70	$4.50
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options	$1	'	'	'

Note_12_Segment_Information_De

Note 12 - Segment Information (Details) (Product Concentration Risk [Member], Sales Revenue, Goods, Net [Member])	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Manufacturing [Member]	'	'
Note 12 - Segment Information (Details) [Line Items]	'	'
Concentration Risk, Percentage	76.00%	78.00%
Distribution [Member]	'	'
Note 12 - Segment Information (Details) [Line Items]	'	'
Concentration Risk, Percentage	24.00%	22.00%

Note_12_Segment_Information_De1

Note 12 - Segment Information (Details) - Net Income, Assets and Certain Other Items of Segments (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]	'	'
Sales	$170,150	$142,120
Operating income	11,761	10,416
Manufacturing [Member] | Operating Segments [Member] | Outside Sales [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Sales	128,686	111,463
Manufacturing [Member] | Operating Segments [Member] | Inside Sales [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Sales	5,062	4,939
Manufacturing [Member] | Operating Segments [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Operating income	13,144	11,724
Distribution [Member] | Operating Segments [Member] | Outside Sales [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Sales	41,464	30,657
Distribution [Member] | Operating Segments [Member] | Inside Sales [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Sales	601	861
Distribution [Member] | Operating Segments [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Operating income	2,297	1,919
Operating Segments [Member] | Outside Sales [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Sales	170,150	142,120
Operating Segments [Member] | Inside Sales [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Sales	5,663	5,800
Operating Segments [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Operating income	$15,441	$13,643

Note_12_Segment_Information_De2

Note 12 - Segment Information (Details) - Reconciliation of Certain Line Items Pertaining to Total Reportable Segments to Consolidated Financial Statements (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Note 12 - Segment Information (Details) - Reconciliation of Certain Line Items Pertaining to Total Reportable Segments to Consolidated Financial Statements [Line Items]	'	'
Operating income	$11,761	$10,416
Gain on sale of fixed assets	13	4
Unallocated corporate expenses	-2,906	-2,712
Amortization of intangible assets	-787	-519
Operating Segments [Member]	'	'
Note 12 - Segment Information (Details) - Reconciliation of Certain Line Items Pertaining to Total Reportable Segments to Consolidated Financial Statements [Line Items]	'	'
Operating income	$15,441	$13,643

Note_13_Stock_Repurchase_Progr1

Note 13 - Stock Repurchase Program (Details) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended	1 Months Ended	15 Months Ended
In Millions, except Share data, unless otherwise specified	Feb. 22, 2013	Mar. 30, 2014	Feb. 13, 2014	Apr. 30, 2014	Apr. 30, 2014
				Subsequent Event [Member]	Subsequent Event [Member]
Note 13 - Stock Repurchase Program (Details) [Line Items]	'	'	'	'	'
Stock Repurchase Program, Authorized Amount	$10	'	$20	'	'
Stock Repurchase Program, Remaining Authorized Repurchase Amount	'	'	3.9	'	'
Stock Repurchased During Period, Shares (in Shares)	'	0	'	23,011	'
Stock Repurchase Program, Average Price per Share (in Dollars per share)	'	'	'	$39.90	$16.26
Stock Repurchased During Period, Value	'	'	'	0.9	'
Total Common Stock Repurchased to Date, Shares (in Shares)	'	'	'	'	430,341
Stock Repurchase Program, Aggregate Purchase Price	'	'	'	$7	$7