Annual report pursuant to Section 13 and 15(d)

Payment of Dividends

v2.4.1.9
Payment of Dividends
 12 Months Ended
Jan. 03, 2015
Payments of Dividends [Abstract]  
Payment of Dividends
Payment of Dividends
On November 13, 2014, the Company's Board of Directors voted to pay an annual dividend of $0.30 per share which was paid on December 9, 2014 to holders of record on November 24, 2014 for a total of $2,633,000. In 2013, the Company paid a $0.26 cash dividend on December 3, 2013 for a total of $2,260,000 and in 2012, the Company paid a $0.25 cash dividend on December 10, 2012 for a total payment of $1,596,000. The Board presently plans to review at the end of each fiscal year the financial performance and capital needed to support future growth to determine the amount of cash dividend, if any, which is appropriate.