XML 64 R55.htm IDEA: XBRL DOCUMENT v3.23.2
Business Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
USD ($)
Jul. 02, 2022
USD ($)
Apr. 02, 2022
USD ($)
Jul. 01, 2023
USD ($)
segment
Jul. 02, 2022
USD ($)
Segment Reporting [Abstract]          
Number of reportable operating segments | segment       3  
Revenue          
Revenue $ 245,053 $ 221,649   $ 474,811 $ 448,129
Income Before Provision for Income Taxes          
Total operating income 43,078 37,468   83,192 93,441
Interest expense, net (1,929) (1,089)   (4,000) (2,221)
Other expense, net (21) (19)   (42) (41)
Income Before Provision for Income Taxes 41,128 36,360   79,150 91,179
Capital Expenditures          
Capital expenditures 8,777 6,947   13,246 9,815
Gain on the sale of assets       0 20,190
Industrial Processing          
Capital Expenditures          
Other costs, machinery and equipment write-down 74   $ 182 74 182
Gain on the sale of assets         20,190
Write-off of indemnification asset         575
Industrial Processing | CHINA          
Capital Expenditures          
Capital expenditures 3,108 3,128   3,287 3,242
Material Handling          
Capital Expenditures          
Write-off of indemnification asset 177     177  
Acquisition related (income) expense         717
Operating Segment | Flow Control          
Revenue          
Revenue 95,729 85,220   185,250 171,046
Income Before Provision for Income Taxes          
Total operating income 25,821 22,707   50,010 44,432
Capital Expenditures          
Capital expenditures 1,290 1,031   2,694 1,556
Operating Segment | Industrial Processing          
Revenue          
Revenue 89,967 84,402   173,509 177,487
Income Before Provision for Income Taxes          
Total operating income 16,978 15,285   32,945 53,444
Capital Expenditures          
Capital expenditures 6,129 5,073   8,708 7,025
Operating Segment | Material Handling          
Revenue          
Revenue 59,357 52,027   116,052 99,596
Income Before Provision for Income Taxes          
Total operating income 10,374 8,701   19,661 14,545
Capital Expenditures          
Capital expenditures 1,358 843   1,820 1,227
Corporate          
Income Before Provision for Income Taxes          
Total operating income (10,095) (9,225)   (19,424) (18,980)
Capital Expenditures          
Capital expenditures $ 0 $ 0   $ 24 $ 7