Business Segment Information (Tables)

6 Months Ended

Jun. 29, 2019

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 29,			June 30,			June 29,			June 30,
(In thousands)	2019			2018			2019			2018
Revenues:
Stock-Preparation	$	50,817		$	56,376		$	102,865		$	101,859
Fluid-Handling	34,713			32,531			67,467			65,417
Doctoring, Cleaning, & Filtration	30,560			29,543			58,950			56,765
Papermaking Systems	$	116,090		$	118,450		$	229,282		$	224,041
Wood Processing Systems	37,869			33,152			71,918			72,293
Material Handling Systems (a)	20,197			—			40,781			—
Fiber-based Products	3,009			3,311			6,500			7,772
	$	177,165		$	154,913		$	348,481		$	304,106
Income Before Provision for Income Taxes:
Papermaking Systems (b)	$	20,061		$	20,899		$	38,570		$	35,483
Wood Processing Systems (c)	8,801			5,313			16,071			12,676
Material Handling Systems (a, d)	488			—			(865		)	—
Corporate and Fiber-based Products (e)	(6,208		)	(6,477		)	(12,059		)	(11,760		)
Total operating income	23,142			19,735			41,717			36,399
Interest expense, net (f)	(3,514		)	(1,728		)	(6,962		)	(3,277		)
Other expense, net (f)	(99		)	(245		)	(198		)	(491		)
	$	19,529		$	17,762		$	34,557		$	32,631
Capital Expenditures:
Papermaking Systems	$	1,157		$	3,840		$	2,514		$	8,489
Wood Processing Systems	428			1,184			979			1,560
Material Handling Systems (a)	342			—			380			—
Corporate and Fiber-based Products	48			36			270			162
	$	1,975		$	5,060		$	4,143		$	10,211
							June 29,			December 29,
(In thousands)							2019			2018
Total Assets:
Papermaking Systems							$	487,865		$	462,297
Wood Processing Systems							253,758			247,553
Material Handling Systems (a)							201,557			—
Corporate and Fiber-based Products (g)							22,611			15,899
							$	965,791		$	725,749

(a) Represents SMH, which was acquired on January 2, 2019 (see Note 2).

(b) Includes restructuring costs of $569,000 in the three-month period ended June 30, 2018 and $1,339,000 in the six-month period ended June 30, 2018 (see Note 13).

(c) Includes acquisition-related expenses of $252,000 in the six-month period ended June 30, 2018 for the amortization of acquired backlog.

(d) Includes $1,523,000 in the three-month period ended June 29, 2019 and $5,674,000 in the six-month period ended June 29, 2019 of acquisition-related expenses. Acquisition-related expenses include acquisition transaction costs and amortization expense associated with acquired profit in inventory and backlog.

(e) Corporate primarily includes general and administrative expenses.

(f) The Company does not allocate interest and other expense, net to its segments.

(g) Primarily includes Corporate and Fiber-based Products' cash and cash equivalents, tax assets, ROU assets, and property, plant, and equipment.