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Nature of Operations and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Oct. 01, 2016
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
Supplemental Cash Flow Information
 
 
Nine Months Ended
(In thousands)
 
October 1,
2016
 
October 3,
2015
Non-Cash Investing Activities:
 
 
 
 
Fair value of assets of acquired business
 
$
87,060

 
$
—

Cash paid for acquired business
 
(58,894
)
 
—

Liabilities assumed of acquired business
 
$
28,166

 
$
—

Non-Cash Financing Activities:
 
 

 
 

Issuance of Company common stock
 
$
3,260

 
$
3,195

Dividends declared but unpaid
 
$
2,074

 
$
1,833
Inventories
The components of inventories are as follows:
 
 
October 1,
2016
 
January 2,
2016
(In thousands)
 
 
Raw Materials and Supplies
 
$
22,292

 
$
22,324

Work in Process
 
14,467

 
13,819

Finished Goods
 
21,893

 
20,615

Total Inventories
 
$
58,652

 
$
56,758
Intangible Assets, Net
Acquired intangible assets are as follows:
 
 
October 1,
2016
 
January 2,
2016
(In thousands)
 
 
Indefinite-Lived
 
$
8,100

 
$
8,100

 
 
 
 
 
Definite-Lived, Gross
 
$
77,052

 
$
77,052

Acquisition (Note 2)
 
24,691

 
—

Accumulated amortization
 
(47,235
)
 
(40,908
)
Currency translation
 
(5,898
)
 
(6,212
)
Definite-Lived, Net
 
$
48,610

 
$
29,932

 
 
 
 
 
Total Intangible Assets, Net
 
$
56,710

 
$
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 (Note 2)
 
38,561

 
—

 
38,561

Currency Translation
 
(893
)
 
1,000

 
107

Total 2016 Adjustments
 
37,668

 
1,000

 
38,668

Balance at October 1, 2016
 
 

 
 

 
 

Gross balance
 
225,388

 
17,840

 
243,228

Accumulated impairment losses
 
(85,509
)
 
—

 
(85,509
)
Net balance
 
$
139,879

 
$
17,840

 
$
157,719
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:
 
 
Nine Months Ended
(In thousands)
 
October 1,
2016
 
October 3,
2015
Balance at Beginning of Period
 
$
3,670

 
$
3,875

Provision charged to income
 
2,454

 
1,625

Usage
 
(2,574
)
 
(1,813
)
Acquisition
 
991

 
—

Currency translation
 
(19
)
 
(226
)
Balance at End of Period
 
$
4,522

 
$
3,461