Business Segment Information (Tables)

9 Months Ended

Sep. 28, 2019

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 28,		September 29,		September 28,		September 29,
(In thousands)	2019		2018		2019		2018
Revenues:
Stock-Preparation	$	56,128	$	62,983	$	158,993	$	164,842
Fluid-Handling	32,734		33,083		100,201		98,500
Doctoring, Cleaning, & Filtration	29,641		30,704		88,591		87,469
Papermaking Systems	118,503		126,770		347,785		350,811
Wood Processing Systems	32,731		37,042		104,649		109,335
Material Handling Systems (a)	20,282		—		61,063		—
Fiber-based Products	1,988		1,933		8,488		9,705
	$	173,504	$	165,745	$	521,985	$	469,851

	Three Months Ended						Nine Months Ended
	September 28,			September 29,			September 28,			September 29,
(In thousands)	2019			2018			2019			2018
Income Before Provision for Income Taxes:
Papermaking Systems (b)	$	22,798		$	25,919		$	61,368		$	61,402
Wood Processing Systems (c)	6,787			8,704			22,858			21,380
Material Handling Systems (a, d)	1,742			—			877			—
Corporate and Fiber-based Products (e)	(6,774		)	(7,248		)	(18,833		)	(19,008		)
Total operating income	24,553			27,375			66,270			63,774
Interest expense, net (f)	(3,023		)	(1,708		)	(9,985		)	(4,985		)
Other expense, net (f)	(98		)	(245		)	(296		)	(736		)
	$	21,432		$	25,422		$	55,989		$	58,053
Capital Expenditures:
Papermaking Systems	$	1,376		$	1,348		$	3,890		$	9,837
Wood Processing Systems	444			1,026			1,423			2,586
Material Handling Systems (a)	225			—			605			—
Corporate and Fiber-based Products	48			232			318			394
	$	2,093		$	2,606		$	6,236		$	12,817
							September 28,			December 29,
(In thousands)							2019			2018
Total Assets:
Papermaking Systems							$	467,034		$	462,297
Wood Processing Systems							248,843			247,553
Material Handling Systems (a)							198,423			—
Corporate and Fiber-based Products (g)							21,257			15,899
							$	935,557		$	725,749

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

(b) Includes restructuring costs of $378,000 in the three-month period ended September 29, 2018 and $1,717,000 in the nine-month period ended September 29, 2018 (see Note 13).

(c) Includes acquisition-related expenses of $252,000 in the nine-month period ended September 29, 2018 for the amortization of acquired backlog.

(d) Includes $21,000 in the three-month period ended September 28, 2019 and $5,695,000 in the nine-month period ended September 28, 2019 of acquisition-related expenses. Acquisition-related expenses include amortization expense associated with acquired profit in inventory and backlog and acquisition transaction costs.

(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.