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Business Segment Information (Tables)
 9 Months Ended
Sep. 29, 2018
Segment Reporting [Abstract]  
Business Segment Reporting Information
The following table presents financial information for the Company's reportable operating segments:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 29,
 
September 30,
 
September 29,
 
September 30,
(In thousands)
 
2018
 
2017
 
2018
 
2017
Revenues:
 
 
 
 
 
 
 
 
Papermaking Systems (a)
 
$
126,770

 
$
111,135

 
$
350,811

 
$
295,416

Wood Processing Systems (b)
 
37,042

 
39,714

 
109,335

 
61,050

Fiber-based Products
 
1,933

 
1,945

 
9,705

 
9,427

 
 
$
165,745

 
$
152,794

 
$
469,851

 
$
365,893

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 29,
 
September 30,
 
September 29,
 
September 30,
(In thousands)
 
2018
 
2017
 
2018
 
2017
Income Before Provision for Income Taxes:
 
 

 
 

 
 

 
 

Papermaking Systems (c)
 
$
25,919

 
$
21,684

 
$
61,402

 
$
53,247

Wood Processing Systems (d)
 
8,704

 
4,418

 
21,380

 
6,511

Corporate and Fiber-based Products (e)
 
(7,248
)
 
(6,428
)
 
(19,008
)
 
(16,174
)
Total operating income
 
27,375

 
19,674

 
63,774

 
43,584

Interest expense, net (f)
 
(1,708
)
 
(1,188
)
 
(4,985
)
 
(1,722
)
Other expense, net
 
(245
)
 
(216
)
 
(736
)
 
(637
)
 
 
$
25,422

 
$
18,270

 
$
58,053

 
$
41,225

 
 
 
 
 
 
 
 
 
Capital Expenditures:
 
 

 
 

 
 

 
 

Papermaking Systems
 
$
1,348

 
$
3,790

 
$
9,837

 
$
6,567

Wood Processing Systems
 
1,026

 
1,358

 
2,586

 
1,649

Corporate and Other
 
232

 
135

 
394

 
502

 
 
$
2,606

 
$
5,283

 
$
12,817

 
$
8,718

 
 
 
 
 
 
 
 
 
(a)
Includes $917,000 in the three-month period ended September 29, 2018 and $12,247,000 in the nine-month period ended September 29, 2018 from 2017 acquisitions.
(b) Includes $52,310,000 in the nine-month period ended September 29, 2018 from a 2017 acquisition.
(c) Includes $378,000 in the three-month period ended September 29, 2018 and $1,717,000 in the nine-month period ended September 29, 2018 for restructuring costs (see Note 2) and $278,000 in the three-month period ended September 30, 2017 and $593,000 in the nine-month period ended September 30, 2017 for acquisition transaction costs and amortization of acquired profit in inventory.
(d) Includes $4,625,000 in the three-month period ended September 30, 2017, $252,000 in the nine-month period ended September 29, 2018 and $8,727,000 in the nine-month period ended September 30, 2017 for acquisition-related costs.
(e) Corporate primarily includes general and administrative expenses.
(f) The Company does not allocate interest expense, net to its segments.