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Business Segment Information
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Business Segment Information
Business Segment 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 has aggregated businesses with similar economic characteristics, products and services, production processes, customers, and methods of distribution.

The following table presents financial information for the Company's reportable operating segments:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
July 1,
 
June 30,
 
July 1,
(In thousands)
 
2018
 
2017
 
2018
 
2017
Revenues:
 
 
 
 
 
 
 
 
Papermaking Systems (a)
 
$
118,450

 
$
95,731

 
$
224,041

 
$
184,281

Wood Processing Systems (b)
 
33,152

 
11,393

 
72,293

 
21,336

Fiber-based Products
 
3,311

 
3,118

 
7,772

 
7,482

 
 
$
154,913

 
$
110,242

 
$
304,106

 
$
213,099

 
 
 
 
 
 
 
 
 
Income Before Provision for Income Taxes:
 
 

 
 

 
 

 
 

Papermaking Systems (c)
 
$
20,899

 
$
17,264

 
$
35,483

 
$
31,563

Wood Processing Systems (d)
 
5,313

 
(411
)
 
12,676

 
2,093

Corporate and Fiber-based Products (e)
 
(6,477
)
 
(5,193
)
 
(11,760
)
 
(9,746
)
Total operating income
 
19,735

 
11,660

 
36,399

 
23,910

Interest expense, net (f)
 
(1,728
)
 
(290
)
 
(3,277
)
 
(534
)
Other expense, net
 
(245
)
 
(217
)
 
(491
)
 
(421
)
 
 
$
17,762

 
$
11,153

 
$
32,631

 
$
22,955

 
 
 
 
 
 
 
 
 
Capital Expenditures:
 
 

 
 

 
 

 
 

Papermaking Systems
 
$
3,840

 
$
1,293

 
$
8,489

 
$
2,777

Wood Processing Systems
 
1,184

 
105

 
1,560

 
291

Other
 
36

 
315

 
162

 
367

 
 
$
5,060

 
$
1,713

 
$
10,211

 
$
3,435

 
 
 
 
 
 
 
 
 
(a)
Includes $5,430,000 in the three-month period ended June 30, 2018 and $11,330,000 in the six-month period ended June 30, 2018 from 2017 acquisitions.
(b) Includes $23,440,000 in the three-month period ended June 30, 2018 and $52,310,000 in the six-month period ended June 30, 2018 from a 2017 acquisition.
(c) Includes $569,000 in the three-month period ended June 30, 2018 and $1,339,000 in the six-month period ended June 30, 2018 for restructuring costs (see Note 2) and $315,000 in the three-month period ended July 1, 2017 and $315,000 in the six-month period ended July 1, 2017 for acquisition transaction costs.
(d) Includes acquisition-related expenses of $252,000 in the six-month period ended June 30, 2018 for the amortization of acquired backlog. Includes $3,783,000 in the three-month period ended July 1, 2017 and $4,102,000 in the six-month period ended July 1, 2017 for acquisition transaction costs.
(e) Corporate primarily includes general and administrative expenses.
(f) The Company does not allocate interest expense, net to its segments.