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Nature of Operations and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jul. 02, 2016
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
Supplemental Cash Flow Information
 
 
Six Months Ended
(In thousands)
 
July 2,
2016
 
July 4,
2015
Non-Cash Investing Activities:
 
 
 
 
Fair value of assets acquired
 
$
86,555

 
$
—

Cash paid for acquired business
 
(58,894
)
 
—

Liabilities assumed of acquired business
 
$
27,661

 
$
—

Non-Cash Financing Activities:
 
 

 
 

Issuance of Company common stock
 
$
3,057

 
$
2,967

Dividends declared but unpaid
 
$
2,070

 
$
1,852
Inventories
The components of inventories are as follows:
 
 
July 2,
2016
 
January 2,
2016
(In thousands)
 
 
Raw Materials and Supplies
 
$
23,911

 
$
22,324

Work in Process
 
16,570

 
13,819

Finished Goods
 
22,983

 
20,615

Total Inventories
 
$
63,464

 
$
56,758
Intangible Assets, Net
Acquired intangible assets are as follows:
 
 
July 2,
2016
 
January 2,
2016
(In thousands)
 
 
Indefinite-Lived Intangible Asset
 
$
8,100

 
$
8,100

 
 
 
 
 
Definite-Lived Intangible Assets, Gross
 
$
77,052

 
$
77,052

Acquisition
 
24,623

 
—

Accumulated amortization
 
(45,373
)
 
(40,908
)
Currency translation
 
(5,818
)
 
(6,212
)
Definite-Lived Intangible Assets, Net
 
$
50,484

 
$
29,932

 
 
 
 
 
Total Intangible Assets, Net
 
$
58,584

 
$
38,032
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 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

Acquisition
 
38,344

 
—

 
38,344

Currency Translation
 
(1,109
)
 
1,187

 
78

Total 2016 Adjustments
 
37,235

 
1,187

 
38,422

Balance at July 2, 2016
 
 

 
 

 
 

Gross balance
 
224,955

 
18,027

 
242,982

Accumulated impairment losses
 
(85,509
)
 
—

 
(85,509
)
Net balance
 
$
139,446

 
$
18,027

 
$
157,473
Warranty Obligations
The changes in the carrying amount of accrued warranty costs included in other current liabilities in the accompanying condensed consolidated balance sheet are as follows:
 
 
Six Months Ended
(In thousands)
 
July 2,
2016
 
July 4,
2015
Balance at Beginning of Period
 
$
3,670

 
$
3,875

Provision charged to income
 
1,524

 
917

Usage
 
(1,623
)
 
(1,252
)
Acquisition
 
991

 
—

Currency translation
 
(20
)
 
(153
)
Balance at End of Period
 
$
4,542

 
$
3,387