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Business Segment Information (Tables)
 9 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
Business Segment Reporting Information
The following tables present financial information for the Company's reportable operating segments and include the results from the 2024 acquisitions from the date of acquisition. See Note 2, Acquisitions, for further details.

Three Months EndedNine Months Ended
September 28,September 30,September 28,September 30,
(In thousands)2024202320242023
Revenue
Flow Control $97,521 $90,798 $276,493 $276,048 
Industrial Processing
110,696 94,220 331,310 267,729 
Material Handling 63,397 59,164 187,551 175,216 
$271,614 $244,182 $795,354 $718,993 
Income Before Provision for Income Taxes
    
Flow Control (a)
$24,281 $24,246 $69,521 $74,256 
Industrial Processing (b)
25,969 19,023 70,060 51,968 
Material Handling (c)
8,793 10,345 25,522 30,006 
Corporate (d)
(10,056)(10,070)(30,788)(29,494)
Total operating income48,987 43,544 134,315 126,736 
Interest expense, net (e)
(5,109)(1,669)(14,000)(5,669)
Other expense, net
(16)(20)(48)(62)
$43,862 $41,855 $120,267 $121,005 
Capital Expenditures    
Flow Control$1,894 $1,195 $5,729 $3,889 
Industrial Processing
1,209 7,299 5,943 16,007 
Material Handling
1,074 350 3,737 2,170 
Corporate8 4 21 28 
$4,185 $8,848 $15,430 $22,094 
September 28,
December 30,
(In thousands)20242023
Total Assets
Flow Control$456,173 $391,719 
Industrial Processing
591,740 443,189 
Material Handling
429,204 326,226 
Corporate12,223 14,531 
$1,489,340 $1,175,665 
(a)Includes acquisition-related costs of $1,428,000 in the third quarter of 2024 and $2,482,000 in the nine months ended September 28, 2024. Acquisition-related expenses include acquisition costs and amortization expense associated with acquired profit in inventory and backlog. Includes restructuring and impairment costs of $434,000 in both the third quarter and the nine months ended September 30, 2023.
(b)Includes acquisition-related costs of $631,000 in the third quarter of 2024 and $2,904,000 in the nine months ended September 28, 2024. Includes relocation costs of $535,000 in the third quarter of 2023 and $609,000 in the nine months ended September 30, 2023.
(c)Includes acquisition-related costs of $302,000 in the third quarter of 2024 and $3,393,000 in the nine months ended September 28, 2024.
(d)Represents general and administrative expenses.
(e)The Company does not allocate interest expense, net to its segments.