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Nature of Operations and Summary of Significant Accounting Policies (Tables)
12 Months Ended
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