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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Business Segment Reporting Information
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.