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Nature of Operations and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jan. 03, 2015
Accounting Policies [Abstract]  
Changes in Estimated Product Warranty Liability
The changes in the carrying amount of accrued warranty costs are as follows:
(In thousands)
 
2014
 
2013
Balance at Beginning of Year
 
$
4,571

 
$
4,462

Provision charged to income
 
2,075

 
1,565

Usage
 
(2,562
)
 
(2,114
)
Acquired
 
150

 
567

Currency translation
 
(359
)
 
91

Balance at End of Year
 
$
3,875

 
$
4,571

Supplemental Cash Flow Information
Supplemental Cash Flow Information
(In thousands)
 
2014
 
2013
 
2012
Cash Paid for Interest
 
$
1,081

 
$
961

 
$
856

Cash Paid for Income Taxes
 
$
10,035

 
$
8,375

 
$
9,326

Non-Cash Investing Activities:
 
 
 
 
 
 
Fair Value of Assets Acquired
 
$
14,771

 
$
88,398

 
$

Cash Paid for Acquired Businesses
 
(12,658
)
 
(67,453
)
 

Liabilities Assumed of Acquired Businesses
 
$
2,113

 
$
20,945

 
$

 
 
 
 
 
 
 
Non-Cash Financing Activities:
 
 

 
 

 
 

Issuance of Company Common Stock
 
$
3,220

 
$
2,677

 
$
2,106

Dividends Declared but Unpaid
 
$
1,630

 
$
1,389

 
$

Components of Inventory
The components of inventories are as follows:
(In thousands)
 
2014
 
2013
Raw Materials and Supplies
 
$
24,403

 
$
20,836

Work in Process
 
11,259

 
21,051

Finished Goods (includes $1,394 and $2,941 at customer locations)
 
19,561

 
20,918

 
 
$
55,223

 
$
62,805

Property, Plant and Equipment
Property, plant, and equipment consist of the following:
(In thousands)
 
2014
 
2013
Land
 
$
4,315

 
$
4,797

Buildings
 
38,067

 
38,363

Machinery, Equipment, and Leasehold Improvements
 
76,520

 
74,837

 
 
118,902

 
117,997

Less: Accumulated Depreciation and Amortization
 
73,937

 
73,112

 
 
$
44,965

 
$
44,885

Acquired Intangible Assets
Acquired intangible assets are as follows:
(In thousands)
 
2014
 
2013
 
 
 
 
 
Indefinite-Lived Intangible Asset
 
$
8,100

 
$
8,100

 
 
 
 
 
Definite-Lived Intangible Assets, Gross
 
$
77,052

 
$
69,409

  Accumulated Amortization
 
(35,901
)
 
(30,373
)
  Currency Translation
 
(2,297
)
 
714

Definite-Lived Intangible Assets, Net
 
$
38,854

 
$
39,750

 
 
 
 
 
Total Intangible Assets, Net
 
$
46,954

 
$
47,850


Acquired intangible assets by major asset class are as follows:
(In thousands)
 
Gross
 
Currency
Translation
 
Accumulated
Amortization
 
Net
January 3, 2015
 
 
 
 
 
 
 
 
Customer relationships
 
$
43,271

 
$
(1,022
)
 
$
(14,180
)
 
$
28,069

Intellectual property
 
22,899

 
(977
)
 
(14,256
)
 
7,666

Tradenames
 
10,269

 
(228
)
 
(480
)
 
9,561

Non-compete agreements
 
3,548

 
(37
)
 
(3,239
)
 
272

Distribution network
 
2,400

 

 
(1,360
)
 
1,040

Licensing agreements
 
400

 

 
(193
)
 
207

Other
 
2,365

 
(33
)
 
(2,193
)
 
139

 
 
$
85,152

 
$
(2,297
)
 
$
(35,901
)
 
$
46,954

December 28, 2013
 
 

 
 

 
 

 
 

Customer relationships
 
$
37,964

 
$
1,074

 
$
(11,446
)
 
$
27,592

Intellectual property
 
20,350

 
(225
)
 
(12,276
)
 
7,849

Tradenames
 
10,198

 
(60
)
 
(252
)
 
9,886

Non-compete agreements
 
3,388

 
(10
)
 
(3,203
)
 
175

Distribution network
 
2,400

 

 
(1,238
)
 
1,162

Licensing agreements
 
400

 

 
(173
)
 
227

Other
 
2,809

 
(65
)
 
(1,785
)
 
959

 
 
$
77,509

 
$
714

 
$
(30,373
)
 
$
47,850

Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill by segment are as follows:
(In thousands)
 
Papermaking Systems Segment
 
Wood Processing Systems Segment
 
Total
Balance as of December 29, 2012
 
 
 
 
 
 
        Gross Balance
 
$
193,456

 
$

 
$
193,456

        Accumulated Impairment Losses
 
(85,509
)
 

 
(85,509
)
        Net Balance
 
107,947

 

 
107,947

Increase due to acquisitions
 
2,545

 
21,480

 
24,025

Currency translation adjustment
 
338

 
(395
)
 
(57
)
Total 2013 Adjustments
 
2,883

 
21,085

 
23,968

Balance at December 28, 2013
 
 

 
 

 
 

        Gross Balance
 
196,339

 
21,085

 
217,424

        Accumulated Impairment Losses
 
(85,509
)
 

 
(85,509
)
        Net Balance
 
110,830

 
21,085

 
131,915

Increase due to acquisitions
 
3,288

 
894

 
4,182

Currency translation adjustment
 
(6,348
)
 
(1,867
)
 
(8,215
)
Total 2014 Adjustments
 
(3,060
)
 
(973
)
 
(4,033
)
Balance at January 3, 2015
 
 

 
 

 
 

        Gross Balance
 
193,279

 
20,112

 
213,391

        Accumulated Impairment Losses
 
(85,509
)
 

 
(85,509
)
        Net Balance
 
$
107,770

 
$
20,112

 
$
127,882

Goodwill by Reporting Unit
Goodwill by reporting unit is as follows:
(In thousands)
 
2014
 
2013
Stock-Preparation
 
$
20,081

 
$
18,290

Doctoring, Cleaning, & Filtration
 
38,381

 
34,658

Fluid-Handling
 
49,308

 
57,882

Wood Processing Systems
 
20,112

 
21,085

 
 
$
127,882

 
$
131,915