Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jul. 04, 2015
Fair Value Disclosures [Abstract]  
Summary of changes in fair value of the Company's Level 3 liabilities measured on a recurring basis
The following table presents a summary of changes in fair value of the Company's Level 3 liabilities measured on a recurring basis for the six-month period ended July 4, 2015:
 
 
Level 3 Liabilities
Balance at January 3, 2015
 
$
7,256,387

Interest expense charged during 2015
 
42,081

Reduction due to the finalization of Specialty's beginning balance sheet
 
(2,419,035
)
Change in fair value of Palmer's contingent consideration liability
 
(2,483,333
)
Balance at July 4, 2015
 
$
2,396,100