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Nature of Operations and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
 
 
Six Months Ended
(In thousands)
 
June 30,
2018
 
July 1,
2017
Cash Paid for Interest
 
$
4,268

 
$
366

Cash Paid for Income Taxes, Net of Refunds
 
$
14,808

 
$
7,076

 
 
 
 
 
Non-Cash Investing Activities:
 
 

 
 

Estimated post-closing adjustment (a)
 
$
237

 
$
—

 
 
 
 
 
Non-cash additions to property, plant and equipment
 
$
1,033

 
$
390

 
 
 
 
 
Non-Cash Financing Activities:
 
 

 
 

Issuance of Company common stock upon vesting of restricted stock units
 
$
3,264

 
$
2,814

Dividends declared but unpaid
 
$
2,442

 
$
2,311



(a) Represents an estimated post-closing purchase price adjustment related to the 2017 acquisition of certain assets of Unaflex, LLC, which is expected to be settled in 2018.
Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company's condensed consolidated balance sheet that are shown in aggregate in the accompanying condensed consolidated statement of cash flows:
(In thousands)
 
June 30,
2018
 
July 1,
2017
 
December 30,
2017
 
December 31,
2016
Cash and cash equivalents
 
$
60,177

 
$
85,840

 
$
75,425

 
$
71,487

Restricted cash
 
975

 
2,141

 
1,421

 
2,082

Total Cash, Cash Equivalents, and Restricted Cash
 
$
61,152

 
$
87,981

 
$
76,846

 
$
73,569
Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company's condensed consolidated balance sheet that are shown in aggregate in the accompanying condensed consolidated statement of cash flows:
(In thousands)
 
June 30,
2018
 
July 1,
2017
 
December 30,
2017
 
December 31,
2016
Cash and cash equivalents
 
$
60,177

 
$
85,840

 
$
75,425

 
$
71,487

Restricted cash
 
975

 
2,141

 
1,421

 
2,082

Total Cash, Cash Equivalents, and Restricted Cash
 
$
61,152

 
$
87,981

 
$
76,846

 
$
73,569
Inventories
The components of inventories are as follows:
 
 
June 30,
2018
 
December 30,
2017
(In thousands)
 
 
Raw Materials and Supplies
 
$
45,522

 
$
38,952

Work in Process
 
24,722

 
18,203

Finished Goods
 
26,017

 
27,778

 
 
$
96,261

 
$
84,933
Acquired Intangible Assets
Acquired intangible assets by major asset class are as follows:
(In thousands)
 
Gross
 
Currency
Translation
 
Accumulated
Amortization
 
Net
June 30, 2018
 
 
 
 
 
 
 
 
Definite-Lived
 
 
 
 
 
 
 
 
Customer relationships
 
$
113,283

 
$
(3,058
)
 
$
(33,555
)
 
$
76,670

Product technology
 
46,501

 
(1,351
)
 
(21,733
)
 
23,417

Tradenames
 
5,227

 
(345
)
 
(1,747
)
 
3,135

Other
 
13,744

 
(96
)
 
(11,277
)
 
2,371

 
 
178,755

 
(4,850
)
 
(68,312
)
 
105,593

Indefinite-Lived
 
 
 
 
 
 
 
 
Tradenames
 
16,600

 
49

 
—

 
16,649

Acquired Intangible Assets
 
$
195,355

 
$
(4,801
)
 
$
(68,312
)
 
$
122,242

 
 
 
 
 
 
 
 
 
(In thousands)
 
Gross
 
Currency
Translation
 
Accumulated
Amortization
 
Net
December 30, 2017
 
 

 
 

 
 

 
 

Definite-Lived
 
 
 
 
 
 
 
 
Customer relationships
 
$
113,301

 
$
(621
)
 
$
(28,789
)
 
$
83,891

Product technology
 
46,501

 
(737
)
 
(19,841
)
 
25,923

Tradenames
 
5,227

 
(262
)
 
(1,504
)
 
3,461

Other
 
13,754

 
(35
)
 
(10,863
)
 
2,856

 
 
178,783

 
(1,655
)
 
(60,997
)
 
116,131

Indefinite-Lived
 
 
 
 
 
 
 
 
Tradenames
 
16,600

 
305

 
—

 
16,905

Acquired Intangible Assets
 
$
195,383

 
$
(1,350
)
 
$
(60,997
)
 
$
133,036


    
Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill by segment are as follows:
(In thousands)
 
Papermaking Systems Segment
 
Wood Processing Systems Segment
 
Total
Balance at December 30, 2017
 
 
 
 
 
 
Gross balance
 
$
247,014

 
$
106,496

 
$
353,510

Accumulated impairment losses
 
(85,509
)
 
—

 
(85,509
)
Net balance
 
161,505

 
106,496

 
268,001

2018 Adjustments
 
 
 
 
 
 
   Acquisitions (a)
 
(282
)
 
(75
)
 
(357
)
   Currency translation
 
(3,280
)
 
(2,876
)
 
(6,156
)
   Total 2018 adjustments
 
(3,562
)
 
(2,951
)
 
(6,513
)
Balance at June 30, 2018
 
 

 
 

 
 

Gross balance
 
243,452

 
103,545

 
346,997

Accumulated impairment losses
 
(85,509
)
 
—

 
(85,509
)
Net balance
 
$
157,943

 
$
103,545

 
$
261,488


(a) Relates to a purchase price allocation adjustment primarily for inventory valuation and a purchase price adjustment for acquisitions completed in 2017. The purchase price allocations for the Company's 2017 acquisitions were finalized in the second quarter of 2018, except for the purchase price allocation for the August 2017 acquisition of Unaflex, LLC, which will be finalized in the third quarter of 2018.
Warranty Obligations
The changes in the carrying amount of accrued warranty costs included in other current liabilities in the accompanying condensed consolidated balance sheet are as follows:
 
 
Six Months Ended
(In thousands)
 
June 30,
2018
 
July 1,
2017
Balance at December 30, 2017
 
$
5,498

 
$
3,843

Provision charged to expense
 
1,656

 
1,209

Usage
 
(881
)
 
(1,056
)
Currency translation
 
(192
)
 
224

Balance at June 30, 2018
 
$
6,081

 
$
4,220
Revenue by Product Line, Product Type, Geography, and Revenue Recognition Method
The Company disaggregates its revenue from contracts with customers by product line, product type, and geography as this best depicts how its revenue is affected by economic factors as shown below:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
July 1,
 
June 30,
 
July 1,
(In thousands)
 
2018
 
2017
 
2018
 
2017
Revenues by Product Line:
 
 
 
 
 
 
 
 
Papermaking Systems:
 
 
 
 
 
 
 
 
Stock-Preparation
 
$
56,376

 
$
46,178

 
$
101,859

 
$
87,331

Doctoring, Cleaning, & Filtration
 
29,543

 
27,033

 
56,765

 
52,383

Fluid-Handling
 
32,531

 
22,520

 
65,417

 
44,567

Papermaking Systems
 
$
118,450

 
$
95,731

 
$
224,041

 
$
184,281

Wood Processing Systems
 
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

Revenues by Product Type:
 
 

 
 

 
 

 
 

Parts and Consumables
 
$
94,857

 
$
70,040

 
$
190,842

 
$
140,484

Capital
 
60,056

 
40,202

 
113,264

 
72,615

 
 
$
154,913

 
$
110,242

 
$
304,106

 
$
213,099

Revenues by Geography:
 
 

 
 

 
 

 
 

North America
 
$
75,375

 
$
51,557

 
$
152,991

 
$
101,723

Europe
 
45,032

 
33,952

 
86,525

 
66,703

Asia
 
25,502

 
16,545

 
45,650

 
28,443

Rest of World
 
9,004

 
8,188

 
18,940

 
16,230

 
 
$
154,913

 
$
110,242

 
$
304,106

 
$
213,099


The following table presents revenue by revenue recognition method:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(In thousands)
 
2018
 
2018
Timing of Revenue Recognition:
 
 

 
 

Point in Time
 
$
145,998

 
$
288,003

Over Time
 
8,915

 
16,103

 
 
$
154,913

 
$
304,106
Balances from Contracts with Customers
The following tables present the balances from contracts with customers:
 
 
June 30,
2018
 
December 30,
2017
(In thousands)
 
 
Balances from Contracts with Customers:
 
 
 
 
Accounts receivable
 
$
88,223

 
$
89,624

Contract assets
 
2,183

 
2,374

Contract liabilities
 
54,525

 
38,702