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Nature of Operations and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 28, 2019
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
 
 
Nine Months Ended
(In thousands)
 
September 28,
2019
 
September 29,
2018
Cash Paid for Interest
 
$
9,711

 
$
5,914

Cash Paid for Income Taxes, Net of Refunds
 
$
18,037

 
$
20,823

 
 
 
 
 
Non-Cash Investing Activities:
 
 
 
 
Post-closing adjustment
 
$
—

 
$
397

   Liabilities assumed of acquired business
 
$
28,865

 
$
—

Non-cash additions to property, plant, and equipment
 
$
304

 
$
783

 
 
 
 
 
Non-Cash Financing Activities:
 
 

 
 

Issuance of Company common stock upon vesting of restricted stock units
 
$
3,908

 
$
3,976

Dividends declared but unpaid
 
$
2,593

 
$
2,444
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)
 
September 28,
2019
 
September 29,
2018
 
December 29,
2018
 
December 30,
2017
Cash and cash equivalents
 
$
48,650

 
$
57,384

 
$
45,830

 
$
75,425

Restricted cash
 
1,321

 
675

 
287

 
1,421

Total Cash, Cash Equivalents, and Restricted Cash
 
$
49,971

 
$
58,059

 
$
46,117

 
$
76,846
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)
 
September 28,
2019
 
September 29,
2018
 
December 29,
2018
 
December 30,
2017
Cash and cash equivalents
 
$
48,650

 
$
57,384

 
$
45,830

 
$
75,425

Restricted cash
 
1,321

 
675

 
287

 
1,421

Total Cash, Cash Equivalents, and Restricted Cash
 
$
49,971

 
$
58,059

 
$
46,117

 
$
76,846
Inventories
The components of inventories are as follows:
 
 
September 28,
2019
 
December 29,
2018
(In thousands)
 
 
Raw Materials
 
$
48,468

 
$
44,522

Work in Process
 
21,382

 
15,876

Finished Goods
 
38,527

 
25,975

 
 
$
108,377

 
$
86,373
Acquired Intangible Assets
Acquired intangible assets by major asset class are as follows:
(In thousands)
 
Gross
 
Accumulated
Amortization
 
Currency
Translation
 
Net
September 28, 2019
 
 
 
 
 
 
 
 
Definite-Lived
 
 
 
 
 
 
 
 
Customer relationships
 
$
171,583

 
$
(48,403
)
 
$
(5,037
)
 
$
118,143

Product technology
 
57,647

 
(26,754
)
 
(1,932
)
 
28,961

Tradenames
 
5,227

 
(2,311
)
 
(458
)
 
2,458

Other
 
17,964

 
(13,146
)
 
(610
)
 
4,208

 
 
252,421

 
(90,614
)
 
(8,037
)
 
153,770

Indefinite-Lived
 
 
 
 
 
 
 
 
Tradenames
 
26,100

 
—

 
(189
)
 
25,911

Acquired Intangible Assets
 
$
278,521

 
$
(90,614
)
 
$
(8,226
)
 
$
179,681

 
 
 
 
 
 
 
 
 
December 29, 2018
 
 

 
 

 
 
 
 

Definite-Lived
 
 
 
 
 
 
 
 
Customer relationships
 
$
113,283

 
$
(38,160
)
 
$
(4,520
)
 
$
70,603

Product technology
 
46,501

 
(23,563
)
 
(1,677
)
 
21,261

Tradenames
 
5,227

 
(1,980
)
 
(390
)
 
2,857

Other
 
13,744

 
(11,476
)
 
(127
)
 
2,141

 
 
178,755

 
(75,179
)
 
(6,714
)
 
96,862

Indefinite-Lived
 
 
 
 
 
 
 
 
Tradenames
 
16,600

 
—

 
(115
)
 
16,485

Acquired Intangible Assets
 
$
195,355

 
$
(75,179
)
 
$
(6,829
)
 
$
113,347
Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill by segment are as follows:
(In thousands)
 
Papermaking Systems
 
Wood Processing Systems
 
Material Handling Systems
 
Total
Balance at December 29, 2018
 
 
 
 
 
 
 
 
Gross balance
 
$
241,912

 
$
101,771

 
$
—

 
$
343,683

Accumulated impairment losses
 
(85,509
)
 
—

 
—

 
(85,509
)
Net balance
 
156,403

 
101,771

 
—

 
258,174

2019 Adjustments
 
 
 
 
 
 
 
 
   Acquisition (Note 2)
 
—

 
—

 
80,296

 
80,296

   Currency translation
 
(3,791
)
 
(188
)
 
—

 
(3,979
)
   Total 2019 adjustments
 
(3,791
)
 
(188
)
 
80,296

 
76,317

Balance at September 28, 2019
 
 

 
 

 
 
 
 

Gross balance
 
238,121

 
101,583

 
80,296

 
420,000

Accumulated impairment losses
 
(85,509
)
 
—

 
—

 
(85,509
)
Net balance
 
$
152,612

 
$
101,583

 
$
80,296

 
$
334,491
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:
 
 
Nine Months Ended
(In thousands)
 
September 28,
2019
 
September 29,
2018
Balance at Beginning of Year
 
$
5,726

 
$
5,498

Provision charged to expense
 
3,332

 
2,584

Usage
 
(2,778
)
 
(1,828
)
Acquisition
 
303

 
—

Currency translation
 
(175
)
 
(215
)
Balance at End of Period
 
$
6,408

 
$
6,039
Revenue by Product Line, Product Type, Geography, and Revenue Recognition Method
The following table presents revenue by revenue recognition method:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 28,
 
September 29,
 
September 28,
 
September 29,
(In thousands)
 
2019
 
2018
 
2019
 
2018
Point in time
 
$
151,101

 
$
148,524

 
$
457,093

 
$
436,527

Over time
 
22,403

 
17,221

 
64,892

 
33,324

 
 
$
173,504

 
$
165,745

 
$
521,985

 
$
469,851


The following table presents the disaggregation of revenues by product type and geography:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 28,
 
September 29,
 
September 28,
 
September 29,
(In thousands)
 
2019
 
2018
 
2019
 
2018
Revenues by Product Type:
 
 

 
 

 
 

 
 

Parts and Consumables
 
$
105,513

 
$
92,749

 
$
330,280

 
$
283,591

Capital
 
67,991

 
72,996

 
191,705

 
186,260

 
 
$
173,504

 
$
165,745

 
$
521,985

 
$
469,851

Revenues by Geography:
 
 

 
 

 
 

 
 

North America
 
$
92,041

 
$
74,089

 
291,584

 
227,080

Europe
 
49,146

 
44,912

 
131,944

 
131,437

Asia
 
20,971

 
32,887

 
61,745

 
78,537

Rest of World
 
11,346

 
13,857

 
36,712

 
32,797

 
 
$
173,504

 
$
165,745

 
$
521,985

 
$
469,851
Balances from Contracts with Customers
The following table presents balances from contracts with customers:
 
 
September 28,
2019
 
December 29,
2018
(In thousands)
 
 
Accounts receivable
 
$
102,131

 
$
92,624

Contract assets
 
$
13,571

 
$
15,741

Contract liabilities
 
$
39,336

 
$
34,774