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Nature of Operations and Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Apr. 01, 2017
Accounting Policies [Abstract] |
Supplemental Cash Flow Information | The Company paid additional post-closing consideration of $165,000 in the first quarter of 2017 associated with the April 2016 acquisition of RT Holding GmbH, the parent corporation of a group of companies known as the PAALGROUP (PAAL).
|  | Three Months Ended
(In thousands) |  | April 1, 2017 |  | April 2, 2016
Non-Cash Financing Activities: |  |  |  |  |  |
Issuance of Company common stock |  | $ | 2,640 |  |  | $ | 2,854 |
Dividends declared but unpaid |  | $ | 2,310 |  |  | $ | 2,063 |
Inventories | The components of inventories are as follows:
|  | April 1, 2017 |  | December 31, 2016
(In thousands) |  |
Raw Materials and Supplies |  | $ | 24,670 |  |  | $ | 21,086 |
Work in Process |  | 13,104 |  |  | 12,293 |
Finished Goods |  | 22,067 |  |  | 21,572 |
Total Inventories |  | $ | 59,841 |  |  | $ | 54,951 |
Intangible Assets, Net | Intangible assets are as follows:
|  | April 1, 2017 |  | December 31, 2016
(In thousands) |  |
Indefinite-Lived |  | $ | 8,100 |  |  | $ | 8,100 |
Definite-Lived, Gross |  | $ | 101,743 |  |  | $ | 77,052 |
Acquisition |  | — |  |  | 24,691 |
Accumulated amortization |  | (50,759 | ) |  | (49,040 | )
Currency translation |  | (7,268 | ) |  | (8,073 | )
Definite-Lived, Net |  | $ | 43,716 |  |  | $ | 44,630 |
Total Intangible Assets, Net |  | $ | 51,816 |  |  | $ | 52,730 |
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 December 31, 2016 |  |  |  |  |  |
Gross balance |  | $ | 219,699 |  |  | $ | 17,265 |  |  | $ | 236,964 |
Accumulated impairment losses |  | (85,509 | ) |  | — |  |  | (85,509 | )
Net balance |  | 134,190 |  |  | 17,265 |  |  | 151,455 |
Currency Translation |  | 2,092 |  |  | 264 |  |  | 2,356 |
Total 2017 Adjustments |  | 2,092 |  |  | 264 |  |  | 2,356 |
Balance at April 1, 2017 |  |  |  |  |  |  |  |  |
Gross balance |  | 221,791 |  |  | 17,529 |  |  | 239,320 |
Accumulated impairment losses |  | (85,509 | ) |  | — |  |  | (85,509 | )
Net balance |  | $ | 136,282 |  |  | $ | 17,529 |  |  | $ | 153,811 |
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:
|  | Three Months Ended
(In thousands) |  | April 1, 2017 |  | April 2, 2016
Balance at Beginning of Year |  | $ | 3,843 |  |  | $ | 3,670 |
Provision charged to income |  | 804 |  |  | 560 |
Usage |  | (570 | ) |  | (526 | )
Currency translation |  | 62 |  |  | 81 |
Balance at End of Period |  | $ | 4,139 |  |  | $ | 3,785 |

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