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Business Segment Information
 6 Months Ended
Jul. 02, 2016
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information

The Company has combined its operating entities into two reportable operating segments, Papermaking Systems and Wood Processing Systems, and a separate product line, Fiber-based Products. In classifying operational entities into a particular segment, the Company has aggregated businesses with similar economic characteristics, products and services, production processes, customers, and methods of distribution.
 
 
Three Months Ended
 
Six Months Ended
 
 
July 2,
 
July 4,
 
July 2,
 
July 4,
(In thousands)
 
2016
 
2015
 
2016
 
2015
Revenues:
 
 
 
 
 
 
 
 
Papermaking Systems
 
$
100,331

 
$
86,625

 
$
184,358

 
$
167,280

Wood Processing Systems
 
8,768

 
9,019

 
17,475

 
16,791

Fiber-based Products
 
2,729

 
2,683

 
6,533

 
6,507

 
 
$
111,828

 
$
98,327

 
$
208,366

 
$
190,578

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
July 2,
 
July 4,
 
July 2,
 
July 4,
(In thousands)
 
2016
 
2015
 
2016
 
2015
Income from Continuing Operations Before Provision for Income Taxes:
 
 

 
 

 
 

 
 

Papermaking Systems
 
$
14,335

 
$
15,030

 
$
27,832

 
$
27,313

Wood Processing Systems
 
2,451

 
2,543

 
3,257

 
4,788

Corporate and Fiber-based Products (a)
 
(4,542
)
 
(4,930
)
 
(8,752
)
 
(9,087
)
Total operating income
 
12,244

 
12,643

 
22,337

 
23,014

Interest expense, net
 
(274
)
 
(188
)
 
(488
)
 
(366
)
 
 
$
11,970

 
$
12,455

 
$
21,849

 
$
22,648

 
 
 
 
 
 
 
 
 
Capital Expenditures:
 
 

 
 

 
 

 
 

Papermaking Systems
 
$
1,140

 
$
1,202

 
$
1,658

 
$
2,154

Other
 
72

 
233

 
78

 
497

 
 
$
1,212

 
$
1,435

 
$
1,736

 
$
2,651

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
July 2,
 
January 2,
(In thousands)
 
 
 
 
 
2016
 
2016
Total Assets:
 
 
 
 
 
 
 
 
Papermaking Systems
 
$
417,171

 
$
354,417

Wood Processing Systems
 
52,393

 
53,347

Corporate and Fiber-based Products (b)
 
11,203

 
7,719

Total assets from continuing operations
 
480,767

 
415,483

Total assets from discontinued operation
 
15

 
15

 
 
 
 
 
 
$
480,782

 
$
415,498

(a) Corporate primarily includes general and administrative expenses.
(b) Primarily includes cash and cash equivalents and property, plant, and equipment.