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Nature of Operations and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jan. 02, 2016
Accounting Policies [Abstract] |
Changes in Estimated Product Warranty Liability | The changes in the carrying amount of accrued warranty costs are as follows:
(In thousands) |  | 2015 |  | 2014
Balance at Beginning of Year |  | $ | 3,875 |  |  | $ | 4,571 |
Provision charged to income |  | 2,660 |  |  | 2,075 |
Usage |  | (2,559 | ) |  | (2,562 | )
Acquired |  | — |  |  | 150 |
Currency translation |  | (306 | ) |  | (359 | )
Balance at End of Year |  | $ | 3,670 |  |  | $ | 3,875 |
Supplemental Cash Flow Information | Supplemental Cash Flow Information
(In thousands) |  | 2015 |  | 2014 |  | 2013
Cash Paid for Interest |  | $ | 616 |  |  | $ | 1,081 |  |  | $ | 961 |
Cash Paid for Income Taxes, Net of Refunds |  | $ | 11,497 |  |  | $ | 10,035 |  |  | $ | 8,375 |
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 |  | $ | 3,423 |  |  | $ | 3,220 |  |  | $ | 2,677 |
Dividends Declared but Unpaid |  | $ | 1,831 |  |  | $ | 1,630 |  |  | $ | 1,389 |
Components of Inventory | The components of inventories are as follows:
(In thousands) |  | 2015 |  | 2014
Raw Materials and Supplies |  | $ | 22,324 |  |  | $ | 24,403 |
Work in Process |  | 13,819 |  |  | 11,259 |
Finished Goods (includes $1,262 and $1,394 at customer locations) |  | 20,615 |  |  | 19,561 |
|  | $ | 56,758 |  |  | $ | 55,223 |
Property, Plant and Equipment | Property, plant, and equipment consist of the following:
(In thousands) |  | 2015 |  | 2014
Land |  | $ | 3,792 |  |  | $ | 4,315 |
Buildings |  | 36,547 |  |  | 38,067 |
Machinery, Equipment, and Leasehold Improvements |  | 77,675 |  |  | 76,520 |
|  | 118,014 |  |  | 118,902 |
Less: Accumulated Depreciation and Amortization |  | 75,721 |  |  | 73,937 |
|  | $ | 42,293 |  |  | $ | 44,965 |
Acquired Intangible Assets | Acquired intangible assets are as follows:
(In thousands) |  | 2015 |  | 2014
Indefinite-Lived Intangible Asset |  | $ | 8,100 |  |  | $ | 8,100 |
Definite-Lived Intangible Assets, Gross |  | $ | 77,052 |  |  | $ | 77,052 |
Accumulated Amortization |  | (40,908 | ) |  | (35,901 | )
Currency Translation |  | (6,212 | ) |  | (2,297 | )
Definite-Lived Intangible Assets, Net |  | $ | 29,932 |  |  | $ | 38,854 |
Total Intangible Assets, Net |  | $ | 38,032 |  |  | $ | 46,954 |
Acquired intangible assets by major asset class are as follows:
(In thousands) |  | Gross |  | Currency Translation |  | Accumulated Amortization |  | Net
January 2, 2016 |  |  |  |  |  |  |  |
Customer relationships |  | $ | 43,271 |  |  | $ | (3,916 | ) |  | $ | (17,314 | ) |  | $ | 22,041 |
Intellectual property |  | 22,899 |  |  | (1,772 | ) |  | (15,584 | ) |  | 5,543 |
Tradenames |  | 10,269 |  |  | (405 | ) |  | (698 | ) |  | 9,166 |
Non-compete agreements |  | 3,548 |  |  | (55 | ) |  | (3,298 | ) |  | 195 |
Distribution network |  | 2,400 |  |  | — |  |  | (1,501 | ) |  | 899 |
Licensing agreements |  | 400 |  |  | — |  |  | (213 | ) |  | 187 |
Other |  | 2,365 |  |  | (64 | ) |  | (2,300 | ) |  | 1 |
|  | $ | 85,152 |  |  | $ | (6,212 | ) |  | $ | (40,908 | ) |  | $ | 38,032 |
(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 |
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 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 |
Currency translation adjustment |  | (5,559 | ) |  | (3,272 | ) |  | (8,831 | )
Total 2015 Adjustments |  | (5,559 | ) |  | (3,272 | ) |  | (8,831 | )
Balance at January 2, 2016 |  |  |  |  |  |  |  |  |
Gross Balance |  | 187,720 |  |  | 16,840 |  |  | 204,560 |
Accumulated Impairment Losses |  | (85,509 | ) |  | — |  |  | (85,509 | )
Net Balance |  | $ | 102,211 |  |  | $ | 16,840 |  |  | $ | 119,051 |
Goodwill by Reporting Unit | Goodwill by reporting unit is as follows:
(In thousands) |  | 2015 |  | 2014
Stock-Preparation |  | $ | 19,527 |  |  | $ | 20,081 |
Doctoring, Cleaning, & Filtration |  | 35,990 |  |  | 38,381 |
Fluid-Handling |  | 46,694 |  |  | 49,308 |
Wood Processing Systems |  | 16,840 |  |  | 20,112 |
|  | $ | 119,051 |  |  | $ | 127,882 |

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