Document And Entity Information

Document And Entity Information	6 Months Ended
Document And Entity Information	Jul. 05, 2015	Aug. 01, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 05, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2015
Entity Registrant Name	NATIONAL PRESTO INDUSTRIES INC
Entity Central Index Key	0000080172
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		6,931,011dei_EntityCommonStockSharesOutstanding
Entity Current Reporting Status	Yes

Condensed Consolidated Balance Sheets

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jul. 05, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 49,805	$ 54,043
Marketable securities	21,705us-gaap_MarketableSecuritiesCurrent	22,404us-gaap_MarketableSecuritiesCurrent
Accounts receivable, net	50,274us-gaap_AccountsReceivableNetCurrent	68,752us-gaap_AccountsReceivableNetCurrent
Inventories:
Finished goods	34,697	30,308
Work in process	52,886us-gaap_InventoryWorkInProcess	50,569us-gaap_InventoryWorkInProcess
Raw materials and supplies	9,505	8,181
Total inventory	97,088us-gaap_InventoryNet	89,058us-gaap_InventoryNet
Deferred tax assets	6,623us-gaap_DeferredTaxAssetsNetCurrent	6,623us-gaap_DeferredTaxAssetsNetCurrent
Income tax receivable		1,668us-gaap_IncomeTaxesReceivable
Other current assets	9,337us-gaap_OtherAssetsCurrent	9,671us-gaap_OtherAssetsCurrent
Total current assets	234,832us-gaap_AssetsCurrent	252,219us-gaap_AssetsCurrent
PROPERTY, PLANT AND EQUIPMENT	173,625us-gaap_PropertyPlantAndEquipmentGross	171,264us-gaap_PropertyPlantAndEquipmentGross
Less allowance for depreciation	80,257	75,721
PROPERTY, PLANT AND EQUIPMENT, NET	93,368us-gaap_PropertyPlantAndEquipmentNet	95,543us-gaap_PropertyPlantAndEquipmentNet
GOODWILL	11,485us-gaap_Goodwill	11,485us-gaap_Goodwill
INTANGIBLE ASSETS, net	7,361	10,644
NOTE RECEIVABLE	3,880	3,818
OTHER ASSETS	12,321us-gaap_OtherAssetsNoncurrent	4,650us-gaap_OtherAssetsNoncurrent
Total assets	363,247us-gaap_Assets	378,359us-gaap_Assets
CURRENT LIABILITIES:
Accounts payable	29,634us-gaap_AccountsPayableCurrent	32,948us-gaap_AccountsPayableCurrent
Federal and state income taxes	127us-gaap_AccruedIncomeTaxesCurrent
Accrued liabilities	13,734us-gaap_AccruedLiabilitiesCurrent	15,680us-gaap_AccruedLiabilitiesCurrent
Total current liabilities	43,495us-gaap_LiabilitiesCurrent	48,628us-gaap_LiabilitiesCurrent
DEFERRED INCOME TAXES	4,291	4,288
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $1 par value: Authorized: 12,000,000 shares; Issued: 7,440,518 shares	7,441us-gaap_CommonStockValue	7,441us-gaap_CommonStockValue
Paid-in capital	6,376	5,906
Retained earnings	317,532	328,417
Accumulated other comprehensive income (loss)	3	(3)
Stockholders' Equity before Treasury Stock	331,352	341,761
Treasury stock, at cost	15,891us-gaap_TreasuryStockValue	16,318us-gaap_TreasuryStockValue
Total stockholders' equity	315,461us-gaap_StockholdersEquity	325,443us-gaap_StockholdersEquity
Total liabilities and stockholders' equity	$ 363,247	$ 378,359

Condensed Consolidated Balance Sheets (Parenthetical)

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jul. 05, 2015	Dec. 31, 2014
Condensed Consolidated Balance Sheets [Abstract]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	12,000,000us-gaap_CommonStockSharesAuthorized	12,000,000us-gaap_CommonStockSharesAuthorized
Common stock, shares issued	7,440,518us-gaap_CommonStockSharesIssued	7,440,518us-gaap_CommonStockSharesIssued

Consolidated Statements Of Comprehensive Income

Consolidated Statements Of Comprehensive Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
Consolidated Statements Of Comprehensive Income [Abstract]
Net sales	$ 102,371us-gaap_SalesRevenueNet	$ 88,312us-gaap_SalesRevenueNet	$ 203,370us-gaap_SalesRevenueNet	$ 174,866us-gaap_SalesRevenueNet
Cost of sales	81,938us-gaap_CostOfGoodsAndServicesSold	72,170us-gaap_CostOfGoodsAndServicesSold	162,058us-gaap_CostOfGoodsAndServicesSold	143,004us-gaap_CostOfGoodsAndServicesSold
Gross profit	20,433us-gaap_GrossProfit	16,142us-gaap_GrossProfit	41,312us-gaap_GrossProfit	31,862us-gaap_GrossProfit
Selling and general expenses	5,782	6,440	11,943	12,735
Intangibles amortization	888us-gaap_AmortizationOfIntangibleAssets	3,381us-gaap_AmortizationOfIntangibleAssets	3,282us-gaap_AmortizationOfIntangibleAssets	5,824us-gaap_AmortizationOfIntangibleAssets
Operating profit	13,763us-gaap_OperatingIncomeLoss	6,321us-gaap_OperatingIncomeLoss	26,087us-gaap_OperatingIncomeLoss	13,303us-gaap_OperatingIncomeLoss
Other income	101us-gaap_OtherNonoperatingIncomeExpense	148us-gaap_OtherNonoperatingIncomeExpense	176us-gaap_OtherNonoperatingIncomeExpense	312us-gaap_OtherNonoperatingIncomeExpense
Earnings before provision for income taxes	13,864	6,469	26,263	13,615
Provision for income taxes	4,744us-gaap_IncomeTaxExpenseBenefit	2,298us-gaap_IncomeTaxExpenseBenefit	9,034us-gaap_IncomeTaxExpenseBenefit	4,754us-gaap_IncomeTaxExpenseBenefit
Net earnings	9,120us-gaap_NetIncomeLoss	4,171us-gaap_NetIncomeLoss	17,229us-gaap_NetIncomeLoss	8,861us-gaap_NetIncomeLoss
Weighted average common shares outstanding:
Basic and diluted	6,951	6,929	6,947	6,925
Net earnings per share:
Basic and diluted	$ 1.31us-gaap_EarningsPerShareBasicAndDiluted	$ 0.60us-gaap_EarningsPerShareBasicAndDiluted	$ 2.48us-gaap_EarningsPerShareBasicAndDiluted	$ 1.28us-gaap_EarningsPerShareBasicAndDiluted
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on available-for-sale securities	(1)	(1)	6	3
Comprehensive income	$ 9,119us-gaap_ComprehensiveIncomeNetOfTax	$ 4,170us-gaap_ComprehensiveIncomeNetOfTax	$ 17,235us-gaap_ComprehensiveIncomeNetOfTax	$ 8,864us-gaap_ComprehensiveIncomeNetOfTax
Cash dividends declared and paid per common share	$ 0.00npk_CashDividendsDeclaredAndPaid	$ 0.00npk_CashDividendsDeclaredAndPaid	$ 4.05npk_CashDividendsDeclaredAndPaid	$ 5.05npk_CashDividendsDeclaredAndPaid

Consolidated Statements Of Cash Flows

Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014
Cash flows from operating activities:
Net earnings	$ 17,229us-gaap_NetIncomeLoss	$ 8,861us-gaap_NetIncomeLoss
Adjustments to reconcile net earnings to net cash provided by operating activities, net of acquisition related assets:
Provision for depreciation	5,029us-gaap_Depreciation	4,713us-gaap_Depreciation
Intangibles amortization	3,282us-gaap_AmortizationOfIntangibleAssets	5,824us-gaap_AmortizationOfIntangibleAssets
Provision for doubtful accounts	77us-gaap_ProvisionForDoubtfulAccounts	360us-gaap_ProvisionForDoubtfulAccounts
Noncash retirement plan expense	399npk_NoncashRetirementPlanExpense	202npk_NoncashRetirementPlanExpense
Other	91us-gaap_OtherNoncashIncomeExpense	61us-gaap_OtherNoncashIncomeExpense
Changes in:
Accounts receivable	18,401	42,475
Inventories	(8,030)us-gaap_IncreaseDecreaseInInventories	(13,477)us-gaap_IncreaseDecreaseInInventories
Other assets and current assets	(7,337)	2,080
Accounts payable and accrued liabilities	(5,250)	(11,606)
Federal and state income taxes	1,791	(5,826)
Net cash provided by operating activities	25,682	33,667
Cash flows from investing activities:
Marketable securities purchased	(3,640)	(1,208)
Marketable securities - maturities and sales	4,349	14,388
Purchase of property, plant and equipment	(2,855)	(4,953)
Acquisition of businesses, net of cash acquired		(10,534)
Sale of property, plant and equipment	22	300
Net cash used in investing activities	(2,124)	(2,007)
Cash flows from financing activities:
Dividends paid	(28,114)us-gaap_PaymentsOfDividendsCommonStock	(34,954)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from sale of treasury stock	323us-gaap_ProceedsFromSaleOfTreasuryStock	362us-gaap_ProceedsFromSaleOfTreasuryStock
Other	(5)
Net cash used in financing activities	(27,796)	(34,592)
Net decrease in cash and cash equivalents	(4,238)	(2,932)
Cash and cash equivalents at beginning of period	54,043	22,953
Cash and cash equivalents at end of period	$ 49,805	$ 20,021

Basis Of Presentation

Basis Of Presentation	6 Months Ended
Basis Of Presentation	Jul. 05, 2015
Basis Of Presentation [Abstract]
Basis Of Presentation	NOTE A – BASIS OF PRESENTATION The consolidated interim financial statements included herein are unaudited and have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). In the opinion of management of the Company, the consolidated interim financial statements reflect all the adjustments which were of a normal recurring nature necessary for a fair presentation of the results of the interim periods. The condensed consolidated balance sheet as of December 31, 2014 is summarized from consolidated financial statements, but does not include all the disclosures contained therein and should be read in conjunction with the 2014 Annual Report on Form 10-K. Interim results for the period are not indicative of those for the year.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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Reclassifications

Reclassifications	6 Months Ended
Reclassifications	Jul. 05, 2015
Reclassifications [Abstract]
Reclassifications	NOTE B – RECLASSIFICATIONS Certain reclassifications have been made to the prior periods’ financial statements to conform to the current period’s financial statement presentation. These reclassifications did not affect net earnings or stockholders’ equity as previously reported.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jul. 05, 2015
Earnings Per Share [Abstract]
Earnings Per Share	NOTE C – EARNINGS PER SHARE Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. Diluted earnings per share also includes the dilutive effect of additional potential common shares issuable. Unvested stock awards, which contain non-forfeitable rights to dividends whether paid or unpaid (“participating securities”), are included in the number of shares outstanding for both basic and diluted earnings per share calculations.

- Definition

The entire disclosure for earnings per share.

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Business Segments

6 Months Ended

Jul. 05, 2015

Business Segments [Abstract]

Business Segments

NOTE D – BUSINESS SEGMENTS

In the following summary, operating profit represents earnings before other income, principally interest income and income taxes. The Company's segments operate discretely from each other with no shared manufacturing facilities. Costs associated with corporate activities (such as cash and marketable securities management) and the assets associated with such activities are included within the Housewares/Small Appliances segment for all periods presented.



				(in thousands)
	Housewares / Small Appliances		Defense Products		Absorbent Products		Total
Quarter ended July 5, 2015
External net sales	$	21,963	$	62,646	$	17,762	$	102,371
Gross profit (loss)		4,413		16,465		(445)		20,433
Operating profit (loss)		1,932		13,102		(1,271)		13,763
Total assets		156,591		142,780		63,876		363,247
Depreciation and amortization		234		1,582		1,616		3,432
Capital expenditures		847		90		365		1,302

Quarter ended June 29, 2014
External net sales	$	21,949	$	50,367	$	15,996	$	88,312
Gross profit (loss)		4,408		13,200		(1,466)		16,142
Operating profit (loss)		1,438		7,019		(2,136)		6,321
Total assets		140,963		152,475		63,579		357,017
Depreciation and amortization		243		4,020		1,493		5,756
Capital expenditures		155		287		643		1,085


				(in thousands)
		Housewares/
		Small		Defense		Absorbent
		Appliances		Products		Products		Total
Six Months ended July 5, 2015
External net sales	$	45,256	$	122,324	$	35,790	$	203,370
Gross profit (loss)		9,253		32,553		(494)		41,312
Operating profit (loss)		3,958		24,176		(2,047)		26,087
Total assets		156,591		142,780		63,876		363,247
Depreciation and amortization		469		4,617		3,225		8,311
Capital expenditures		979		124		1,752		2,855

Six Months ended June 29, 2014
External net sales	$	41,312	$	98,656	$	34,898	$	174,866
Gross profit (loss)		8,197		24,505		(840)		31,862
Operating profit (loss)		2,382		13,046		(2,125)		13,303
Total assets		140,963		152,475		63,579		357,017
Depreciation and amortization		485		7,128		2,924		10,537
Capital expenditures		319		889		3,745		4,953

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Business Segments (Tables)

6 Months Ended

Jul. 05, 2015

Business Segments [Abstract]

Summary Of Business Segments Information



				(in thousands)
	Housewares / Small Appliances		Defense Products		Absorbent Products		Total
Quarter ended July 5, 2015
External net sales	$	21,963	$	62,646	$	17,762	$	102,371
Gross profit (loss)		4,413		16,465		(445)		20,433
Operating profit (loss)		1,932		13,102		(1,271)		13,763
Total assets		156,591		142,780		63,876		363,247
Depreciation and amortization		234		1,582		1,616		3,432
Capital expenditures		847		90		365		1,302

Quarter ended June 29, 2014
External net sales	$	21,949	$	50,367	$	15,996	$	88,312
Gross profit (loss)		4,408		13,200		(1,466)		16,142
Operating profit (loss)		1,438		7,019		(2,136)		6,321
Total assets		140,963		152,475		63,579		357,017
Depreciation and amortization		243		4,020		1,493		5,756
Capital expenditures		155		287		643		1,085


				(in thousands)
		Housewares/
		Small		Defense		Absorbent
		Appliances		Products		Products		Total
Six Months ended July 5, 2015
External net sales	$	45,256	$	122,324	$	35,790	$	203,370
Gross profit (loss)		9,253		32,553		(494)		41,312
Operating profit (loss)		3,958		24,176		(2,047)		26,087
Total assets		156,591		142,780		63,876		363,247
Depreciation and amortization		469		4,617		3,225		8,311
Capital expenditures		979		124		1,752		2,855

Six Months ended June 29, 2014
External net sales	$	41,312	$	98,656	$	34,898	$	174,866
Gross profit (loss)		8,197		24,505		(840)		31,862
Operating profit (loss)		2,382		13,046		(2,125)		13,303
Total assets		140,963		152,475		63,579		357,017
Depreciation and amortization		485		7,128		2,924		10,537
Capital expenditures		319		889		3,745		4,953

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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Business Segments (Schedule Of Segment Information) (Details)

Business Segments (Schedule Of Segment Information) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
External net sales	$ 102,371us-gaap_SalesRevenueNet	$ 88,312us-gaap_SalesRevenueNet	$ 203,370us-gaap_SalesRevenueNet	$ 174,866us-gaap_SalesRevenueNet
Gross profit (loss)	20,433us-gaap_GrossProfit	16,142us-gaap_GrossProfit	41,312us-gaap_GrossProfit	31,862us-gaap_GrossProfit
Operating profit (loss)	13,763us-gaap_OperatingIncomeLoss	6,321us-gaap_OperatingIncomeLoss	26,087us-gaap_OperatingIncomeLoss	13,303us-gaap_OperatingIncomeLoss
Total assets	363,247us-gaap_Assets	357,017us-gaap_Assets	363,247us-gaap_Assets	357,017us-gaap_Assets	378,359us-gaap_Assets
Depreciation and amortization	3,432	5,756	8,311	10,537
Capital expenditures	1,302	1,085	2,855	4,953
Housewares/ Small Appliances [Member]
Segment Reporting Information [Line Items]
External net sales	21,963	21,949	45,256	41,312
Gross profit (loss)	4,413	4,408	9,253	8,197
Operating profit (loss)	1,932	1,438	3,958	2,382
Total assets	156,591	140,963	156,591	140,963
Depreciation and amortization	234	243	469	485
Capital expenditures	847	155	979	319
Defense Products [Member]
Segment Reporting Information [Line Items]
External net sales	62,646	50,367	122,324	98,656
Gross profit (loss)	16,465	13,200	32,553	24,505
Operating profit (loss)	13,102	7,019	24,176	13,046
Total assets	142,780	152,475	142,780	152,475
Depreciation and amortization	1,582	4,020	4,617	7,128
Capital expenditures	90	287	124	889
Absorbent Products [Member]
Segment Reporting Information [Line Items]
External net sales	17,762	15,996	35,790	34,898
Gross profit (loss)	(445)	(1,466)	(494)	(840)
Operating profit (loss)	(1,271)	(2,136)	(2,047)	(2,125)
Total assets	63,876	63,579	63,876	63,579
Depreciation and amortization	1,616	1,493	3,225	2,924
Capital expenditures	$ 365	$ 643	$ 1,752	$ 3,745

Fair Value Of Financial Instruments

Fair Value Of Financial Instruments	6 Months Ended
Fair Value Of Financial Instruments	Jul. 05, 2015
Fair Value Of Financial Instruments [Abstract]
Fair Value Of Financial Instruments	NOTE E - FAIR VALUE OF FINANCIAL INSTRUMENTS The Company utilizes the methods of fair value as described in Financial Accounting Standard Board (“FASB”) Accounting Standard Codification (“ASC”) 820, Fair Value Measurements and Disclosures, to value its financial assets and liabilities. ASC 820 utilizes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying amount for cash and cash equivalents, accounts receivable, note receivable, accounts payable, and accrued liabilities approximates fair value due to the immediate or short-term maturity of these financial instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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Cash, Cash Equivalents And Marketable Securities

6 Months Ended

Jul. 05, 2015

Cash, Cash Equivalents And Marketable Securities [Abstract]

Cash, Cash Equivalents And Marketable Securities

NOTE F - CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES

The Company considers all highly liquid marketable securities with an original maturity of three months or less to be cash equivalents. Cash equivalents include money market funds. The Company deposits its cash in high quality financial institutions. The balances, at times, may exceed federally insured limits. Money market funds are reported at fair value determined using quoted prices in active markets for identical securities (Level 1, as defined by FASB ASC 820).

The Company has classified all marketable securities as available-for-sale which requires the securities to be reported at estimated fair value, with unrealized gains and losses, net of tax, reported as a separate component of stockholders' equity. Highly liquid, tax-exempt variable rate demand notes with put options exercisable in three months or less are classified as marketable securities.

At July 5, 2015 and December 31, 2014, cost for marketable securities was determined using the specific identification method. A summary of the amortized costs and fair values of the Company’s marketable securities at the end of the periods presented is shown in the following table. All of the Company’s marketable securities are classified as Level 2, as defined by FASB ASC 820, with fair values determined using significant other observable inputs, which include quoted prices in markets that are not active, quoted prices of similar securities, recently executed transactions, broker quotations, and other inputs that are observable. There were no transfers into or out of Level 2 during the six months ended July 5, 2015.



(In Thousands)
	MARKETABLE SECURITIES
	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
July 5, 2015
Tax-exempt Municipal Bonds	$	8,923	$	8,928	$	6	$	1
Variable Rate Demand Notes		12,777		12,777		-		-
Total Marketable Securities	$	21,700	$	21,705	$	6	$	1

December 31, 2014
Tax-exempt Municipal Bonds	$	8,809	$	8,804	$	5	$	10
Variable Rate Demand Notes		13,600		13,600		-		-
Total Marketable Securities	$	22,409	$	22,404	$	5	$	10

Proceeds from maturities and sales of available-for-sale securities totaled $511,000 and $4,476,000 for the three month periods ended July 5, 2015 and June 29, 2014, respectively, and totaled $4,349,000 and $14,388,000 for the six month periods then ended, respectively. There were no gross gains or losses related to sales of marketable securities during the same periods. Net unrealized gains (losses) included in other comprehensive income were $(2,000) and $(1,000) before taxes for the three month periods ended July 5, 2015 and June 29, 2014, respectively, and were $10,000 and $5,000 before taxes for the six month periods then ended, respectively. No unrealized gains or losses were reclassified out of accumulated other comprehensive income during the same periods.

The contractual maturities of the marketable securities held at July 5, 2015 are as follows: $5,042,000 within one year; $4,281,000 beyond one year to five years; $7,796,000 beyond five years to ten years, and $4,586,000 beyond ten years. All of the instruments in the beyond five year ranges are variable rate demand notes which can be tendered for cash at par plus interest within seven days. Despite the stated contractual maturity date, to the extent a tender is not honored, the notes become immediately due and payable.

Cash, Cash Equivalents And Marketable Securities (Tables)

6 Months Ended

Jul. 05, 2015

Cash, Cash Equivalents And Marketable Securities [Abstract]

Summary Of The Amortized Costs And Fair Values Of Marketable Securities



(In Thousands)
	MARKETABLE SECURITIES
	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
July 5, 2015
Tax-exempt Municipal Bonds	$	8,923	$	8,928	$	6	$	1
Variable Rate Demand Notes		12,777		12,777		-		-
Total Marketable Securities	$	21,700	$	21,705	$	6	$	1

December 31, 2014
Tax-exempt Municipal Bonds	$	8,809	$	8,804	$	5	$	10
Variable Rate Demand Notes		13,600		13,600		-		-
Total Marketable Securities	$	22,409	$	22,404	$	5	$	10

Cash, Cash Equivalents And Marketable Securities (Narrative) (Details)

Cash, Cash Equivalents And Marketable Securities (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
Cash, Cash Equivalents And Marketable Securities [Line Items]
Transfers into Level 2	$ 0		$ 0
Transfers out of Level 2	0		0
Proceeds from sales of available-for-sale securities	511,000	4,476,000	4,349,000	14,388,000
Gross gains or losses related to sales of marketable securities	0	0	0	0
Net unrealized losses included in accumulated other comprehensive income, before taxes	(2,000)	(1,000)	10,000	5,000
Contractual maturities of marketable securities within 1 year	5,042,000		5,042,000
Contractual maturities of marketable securities, years 2-5	4,281,000		4,281,000
Contractual maturities of marketable securities, years 6-10	7,796,000		7,796,000
Contractual maturities of marketable securities, after 10 years	4,586,000		4,586,000
Marketable securities liquidation period			7 days
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Cash, Cash Equivalents And Marketable Securities [Line Items]
Reclassification out of AOCI	$ 0	$ 0	$ 0	$ 0

Cash, Cash Equivalents And Marketable Securities (Summary Of The Amortized Costs And Fair Values Of Marketable Securities) (Details)

Cash, Cash Equivalents And Marketable Securities (Summary Of The Amortized Costs And Fair Values Of Marketable Securities) (Details) (USD $) In Thousands, unless otherwise specified	Jul. 05, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
MARKETABLE SECURITIES, Amortized Cost	$ 21,700	$ 22,409
MARKETABLE SECURITIES, Fair Value	21,705	22,404
MARKETABLE SECURITIES, Gross Unrealized Gains	6	5
MARKETABLE SECURITIES, Gross Unrealized Losses	1	10
Tax-Exempt Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
MARKETABLE SECURITIES, Amortized Cost	8,923	8,809
MARKETABLE SECURITIES, Fair Value	8,928	8,804
MARKETABLE SECURITIES, Gross Unrealized Gains	6	5
MARKETABLE SECURITIES, Gross Unrealized Losses	1	10
Variable Rate Demand Notes [Member]
Schedule of Available-for-sale Securities [Line Items]
MARKETABLE SECURITIES, Amortized Cost	12,777	13,600
MARKETABLE SECURITIES, Fair Value	$ 12,777	$ 13,600

Other Assets

Other Assets	6 Months Ended
Other Assets	Jul. 05, 2015
Other Assets [Abstract]
Other Assets	NOTE G – OTHER ASSETS Other Assets includes prepayments that are made from time to time by the Company for certain materials used in the manufacturing process in the Housewares/Small Appliances segment. The Company expects to utilize the prepayments and related materials over an estimated period of up to three years. As of July 5, 2015 and December 31, 2014, $19,623,000 and $13,018,000 of such prepayments, respectively, remained unused and outstanding. At July 5, 2015 and December 31, 2014, $7,302,000 and $8,369,000 of these amounts, respectively, are included in Other Current Assets, representing the Company’s best estimate of the expected utilization of the prepayments and related materials during the twelve-month periods following those dates.

Other Assets (Narrative) (Details)

Other Assets (Narrative) (Details) (Housewares/ Small Appliances [Member], USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jul. 05, 2015	Dec. 31, 2014
Expected prepayment utilization period	3 years
Other Assets [Member]
Materials Prepayments	19,623	$ 13,018
Other Current Assets [Member]
Materials Prepayments	7,302	$ 8,369

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
Commitments And Contingencies	Jul. 05, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	NOTE H – COMMITMENTS AND CONTINGENCIES The Company is involved in largely routine litigation incidental to its business. Management believes the ultimate outcome of the litigation will not have a material effect on the Company's consolidated financial position, liquidity, or results of operations.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Business Acquisition

6 Months Ended

Jul. 05, 2015

Business Acquisition [Abstract]

Business Acquisition

NOTE I – BUSINESS ACQUISITION

On January 24, 2014, AMTEC Corporation, a wholly-owned subsidiary of the Company, purchased substantially all of the assets of Chemring Energetic Devices, Inc.’s business located in Clear Lake, South Dakota, and all of the real property owned by Technical Ordnance Realty, LLC. The Clear Lake facility is a manufacturer of detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials. Its major customers include U.S. and foreign government agencies, AMTEC Corporation, and other defense contractors. The acquisition of the Clear Lake facility complements the Defense segment’s existing line of products. The total consideration transferred was $10,534,000, consisting of $10,000,000 of cash paid at closing, and an additional cash payment of $534,000, which was made during the second quarter of 2014.

The acquisition was accounted for under the acquisition method of accounting with the Company treated as the acquiring entity. Accordingly, the consideration paid by the Company to complete the acquisition has been recorded to the assets acquired and liabilities assumed based upon their estimated fair values as of the date of acquisition. The carrying values for current assets and liabilities were deemed to approximate their fair values due to the short-term nature of these assets and liabilities. The following table shows the amounts recorded as of the acquisition date.



	(in thousands)

Receivables	$	1,498
Inventory		4,688
Other current assets		28
Property, plant and equipment		4,800
Total assets acquired		11,014
Less: Current liabilities assumed		480
Net assets acquired	$	10,534

The amount shown above for receivables represents the gross accounts receivable from the sales of goods, net of an allowance for doubtful accounts of $20,000.

The Company’s statement of comprehensive income includes revenue and earnings from the acquired facility of $3,992,000 and $550,000, respectively, for the second quarter of 2014, and $6,007,000 and $705,000, respectively, for the period starting from the date of acquisition through the end of the second quarter of 2014. The following unaudited pro forma condensed consolidated results of operations has been prepared as if the acquisition had occurred as of the first day of the fiscal year prior to the fiscal year in which the acquisition was completed.



(unaudited)
(in thousands, except per share data)
	Quarter Ended		Six Months Ended
	June 29, 2014		June 29, 2014

Net sales	$	88,312	$	175,501
Net earnings		4,171		8,581

Net earnings per share (basic and diluted)	$	0.60	$	1.24
Weighted average shares outstanding (basic and diluted)		6,929		6,925

The unaudited pro forma financial information presented above is not intended to represent or be indicative of what would have occurred if the transactions had taken place on the dates presented and is not indicative of what the Company’s actual results of operations would have been had the acquisitions been completed at the beginning of the periods indicated above. Further, the pro forma combined results reflect one-time costs to fully merge and operate the combined organization more efficiently, but do not reflect anticipated synergies expected to result from the combination and should not be relied upon as being indicative of the future results that the Company will experience.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Business Acquisition (Tables)

6 Months Ended

Jul. 05, 2015

Business Acquisition [Abstract]

Summary of Assets Acquired and Liabilities Assumed in a Business Combination



	(in thousands)

Receivables	$	1,498
Inventory		4,688
Other current assets		28
Property, plant and equipment		4,800
Total assets acquired		11,014
Less: Current liabilities assumed		480
Net assets acquired	$	10,534

Summary Pro Forma Results of Operations for a Material Business Acquisition



(unaudited)
(in thousands, except per share data)
	Quarter Ended		Six Months Ended
	June 29, 2014		June 29, 2014

Net sales	$	88,312	$	175,501
Net earnings		4,171		8,581

Net earnings per share (basic and diluted)	$	0.60	$	1.24
Weighted average shares outstanding (basic and diluted)		6,929		6,925

Business Acquisition (Narrative) (Details)

Business Acquisition (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended		1 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014	Jan. 24, 2014
Business Acquisition [Line Items]
Net sales	$ 102,371us-gaap_SalesRevenueNet	$ 88,312us-gaap_SalesRevenueNet	$ 203,370us-gaap_SalesRevenueNet	$ 174,866us-gaap_SalesRevenueNet
Tech Ord [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred					10,534
Cash Paid to Acquire Business		534			10,000
Estimated Amount of Acquired Receivable Uncollectible					20
Revenue of Acquiree Included in Consolidated Income Statement Since Acquisition Date		3,992		6,007
Earnings (Loss) of Acquiree Included in Consolidated Income Statement Since Acquisition Date		$ 550		$ 705

Business Acquisition (Schedule of Assets Acquired and Liabilities Assumed) (Details)

Business Acquisition (Schedule of Assets Acquired and Liabilities Assumed) (Details) (Tech Ord [Member], USD $) In Thousands, unless otherwise specified	Jan. 24, 2014
Tech Ord [Member]
Business Acquisition [Line Items]
Receivables	$ 1,498
Inventory	4,688
Other Current Assets	28
Property, Plant and Equipment	4,800
Total Assets Acquired	11,014
Less: Current Liabilities Assumed	480
Net Assets Acquired	$ 10,534

Business Acquisition (Schedule of Pro Forma Results of Operations) (Details)

Business Acquisition (Schedule of Pro Forma Results of Operations) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
Business Acquisition [Line Items]
Basic and diluted	6,951	6,929	6,947	6,925
Tech Ord [Member]
Business Acquisition [Line Items]
Net Sales		88,312		175,501
Net Earnings		4,171		8,581
Net earnings per share (basic and diluted)		0.60		1.24
Basic and diluted		6,929		6,925

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements	6 Months Ended
Recently Issued Accounting Pronouncements	Jul. 05, 2015
Recently Issued Accounting Pronouncements [Abstract]
Recently Issued Accounting Pronouncements	NOTE J – RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In July 2015, the FASB issued Accounting Standards Update (“ASU”) 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. ASU 2015-11 requires inventory to be measured at the lower of cost and net realizable value. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU 2015-11 does not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method, but applies to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost. ASU 2015-11 is effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2015-11 to have a material impact on its consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) which amended the existing accounting standards for revenue recognition. ASU 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. It is effective for annual reporting periods beginning after December 15, 2017. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. The amendment may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently in the process of evaluating the impact of adoption of the ASU on its consolidated financial statements, but does not expect the impact to be material.