Business Segment and Geographical Information

12 Months Ended

Jan. 03, 2015

Segment Reporting [Abstract]

Business Segment and Geographical Information

12.Business Segment and Geographical Information

The Company has combined its operating entities into two reportable operating segments, Papermaking Systems and Wood Processing Systems, and a separate product line, Fiber-based Products. In classifying operational entities into a particular segment, the Company aggregated businesses with similar economic characteristics, products and services, production processes, customers, and methods of distribution.

The Company's Papermaking Systems segment develops, manufactures, and markets stock-preparation systems and equipment; fluid-handling systems; and doctoring, cleaning, and filtration systems and related consumables for the pulp and paper industry worldwide. Principal products manufactured by this segment include: custom-engineered systems and equipment for the preparation of wastepaper for conversion into recycled paper; fluid-handling systems used primarily in the dryer section of the papermaking process and during the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food; doctoring systems and equipment and related consumables important to the efficient operation of paper machines; and cleaning and filtration systems essential for draining, purifying, and recycling process water and cleaning paper machine fabrics and rolls. The Wood Processing Systems segment designs and manufactures stranders and related equipment used in the production of oriented strand board, an engineered wood panel product used primarily in home construction. This segment also supplies debarking and wood chipping equipment used in the forest products and the pulp and paper industries. The Fiber-based Products business produces biodegradable absorbent granules from papermaking byproducts. These granules are primarily used as carriers for agricultural, home lawn and garden, and professional lawn, turf and ornamental applications, as well as for oil and grease absorption.

(In thousands)	2014			2013			2012
Business Segment Information
Revenues by Product Line:
Papermaking Systems:
Stock-Preparation	$	127,496		$	122,704		$	123,952
Doctoring, Cleaning, & Filtration	117,389			112,600			104,493
Fluid-Handling	103,314			93,404			92,581
Papermaking Systems	$	348,199		$	328,708		$	321,026
Wood Processing Systems	41,647			4,573			—
Fiber-based Products	12,281			11,218			10,725
	$	402,127		$	344,499		$	331,751
Income from Continuing Operations Before Provision for Income Taxes:
Papermaking Systems (a)	$	50,485		$	47,144		$	48,618
Wood Processing Systems	6,977			(382		)	—
Corporate and Fiber-based Products	(15,376		)	(13,459		)	(12,174		)
Total operating income	42,086			33,303			36,444
Interest expense, net	(568		)	(277		)	(514		)
	$	41,518		$	33,026		$	35,930

Total Assets:
Papermaking Systems	$	343,937	$	364,102	$	347,540
Wood Processing Systems	55,634		63,493		—
Corporate and Fiber-based Products (b)	14,060		14,429		10,895
Total Assets from Continuing Operations	413,631		442,024		358,435
Total Assets from Discontinued Operation	116		144		513
	$	413,747	$	442,168	$	358,948
Depreciation and Amortization:
Papermaking Systems	$	7,724	$	8,434	$	7,903
Wood Processing Systems	$	2,977	$	850	$	—
Other	488		491		481
	$	11,189	$	9,775	$	8,384
Capital Expenditures:
Papermaking Systems	$	5,640	$	5,843	$	3,982
Other	1,115		418		268
	$	6,755	$	6,261	$	4,250

(In thousands)	2014		2013		2012
Geographical Information
Revenues (c):
United States	$	174,003	$	129,131	$	128,663
China	43,867		50,678		53,242
Other	184,257		164,690		149,846
	$	402,127	$	344,499	$	331,751
Long-lived Assets (d):
United States	$	15,685	$	14,118	$	13,702
China	13,996		14,603		15,136
Other	15,284		16,164		10,330
	$	44,965	$	44,885	$	39,168
Export Revenues Included in United States Revenues Above (e)	$	6,508	$	9,685	$	20,871

(a) Includes restructuring costs and other expense (income), net, including costs of $0.8 million, $0.1 million and $0.3 million in 2014, 2013 and 2012, respectively (see Note 8).

(b) Primarily includes cash and cash equivalents and property, plant, and equipment.

(c) Revenues are attributed to countries based on customer location.

(d) Represents property, plant, and equipment, net.

(e) In general, export revenues are denominated in U.S. dollars.