XML 35 R20.htm IDEA: XBRL DOCUMENT v3.6.0.2
Business Segment and Geographical Information
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Business Segment and Geographical Information
Business Segment and Geographical 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.
The Company's Papermaking Systems segment develops, manufactures, and markets stock-preparation systems and equipment; fluid-handling systems; and doctoring, cleaning, and filtration systems and related consumables for the pulp and paper industry worldwide. Principal products manufactured by this segment include: custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers and related equipment used in the processing of recyclable and waste materials; fluid-handling systems used primarily in the dryer section of the papermaking process and during the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food; doctoring systems and equipment and related consumables important to the efficient operation of paper machines; and cleaning and filtration systems essential for draining, purifying, and recycling process water and cleaning paper machine fabrics and rolls.
The Wood Processing Systems segment develops, manufactures and markets stranders and related equipment used in the production of OSB, an engineered wood panel product used primarily in home construction. This segment supplies debarking and wood chipping equipment used in the forest products and the pulp and paper industries. This segment also provides refurbishment and repair of pulping equipment for the pulp and paper industry.
The Fiber-based Products business manufactures and sells granules derived from papermaking by-products primarily for use as agricultural carriers and for home lawn and garden applications, as well as for oil and grease absorption.
(In thousands)
 
2016
 
2015
 
2014
Business Segment Information
 
 
 
 
 
 
Revenues by Product Line:
 
 
 
 
 
 
Papermaking Systems:
 
 
 
 
 
 
Stock-Preparation
 
$
171,378

 
$
148,341

 
$
127,496

Doctoring, Cleaning, & Filtration
 
105,938

 
101,523

 
117,389

Fluid-Handling
 
89,145

 
92,797

 
103,314

Papermaking Systems
 
$
366,461

 
$
342,661

 
$
348,199

Wood Processing Systems
 
36,850

 
36,387

 
41,647

Fiber-based Products
 
10,815

 
11,059

 
12,281

 
 
$
414,126

 
$
390,107

 
$
402,127

Income from Continuing Operations Before Provision for Income Taxes:
 
 

 
 

 
 

Papermaking Systems (a)
 
$
57,427

 
$
56,789

 
$
50,485

Wood Processing Systems
 
8,327

 
10,926

 
6,977

Corporate and Fiber-based Products (b)
 
(20,181
)
 
(17,596
)
 
(15,376
)
Total operating income
 
45,573

 
50,119

 
42,086

Interest expense, net
 
(1,024
)
 
(748
)
 
(568
)
 
 
$
44,549

 
$
49,371

 
$
41,518

Total Assets:
 
 
 
 
 
 
Papermaking Systems
 
$
407,538

 
$
354,417

 
$
343,937

Wood Processing Systems
 
52,407

 
53,347

 
55,634

Other (c)
 
10,746

 
7,734

 
14,176

Total Assets
 
$
470,691

 
$
415,498

 
$
413,747

 
 
 
 
 
 
 
Depreciation and Amortization:
 
 

 
 

 
 

Papermaking Systems
 
$
11,513

 
$
7,898

 
$
7,724

Wood Processing Systems
 
2,188

 
2,384

 
2,977

Other
 
625

 
539

 
488

 
 
$
14,326

 
$
10,821

 
$
11,189

Capital Expenditures:
 
 

 
 

 
 

Papermaking Systems
 
$
5,504

 
$
4,639

 
$
5,640

Other
 
300

 
840

 
1,115

 
 
$
5,804

 
$
5,479

 
$
6,755

(In thousands)
 
2016
 
2015
 
2014
Geographical Information
 
 

 
 

 
 

Revenues (d):
 
 

 
 

 
 

United States
 
$
165,335

 
$
193,383

 
$
174,003

China
 
43,299

 
50,814

 
43,867

Other
 
205,492

 
145,910

 
184,257

 
 
$
414,126

 
$
390,107

 
$
402,127

Long-lived Assets (e):
 
 

 
 

 
 

United States
 
$
18,482

 
$
17,373

 
$
15,685

China
 
10,714

 
12,278

 
13,996

Germany
 
5,792

 
63

 
85

Other
 
12,716

 
12,579

 
15,199

 
 
$
47,704

 
$
42,293

 
$
44,965


(a)
Includes other income of $0.3 million in 2016, and restructuring costs of $0.5 million and $0.8 million in 2015 and 2014, respectively (see Note 8).
(b)
Corporate primarily includes general and administrative expenses.
(c)
Primarily includes Corporate and Fiber-based Products' cash and cash equivalents and property, plant, and equipment.
(d)
Revenues are attributed to countries based on customer location.
(e)
Represents property, plant, and equipment, net.