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Business Segment Information
 6 Months Ended
Jul. 01, 2017
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 1,
 
July 2,
 
July 1,
 
July 2,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Revenues:
 
 
 
 
 
 
 
 
Papermaking Systems
 
$
95,731

 
$
100,331

 
$
184,281

 
$
184,358

Wood Processing Systems
 
11,393

 
8,768

 
21,336

 
17,475

Fiber-based Products
 
3,118

 
2,729

 
7,482

 
6,533

 
 
$
110,242

 
$
111,828

 
$
213,099

 
$
208,366

 
 
 
 
 
 
 
 
 
Income Before Provision for Income Taxes:
 
 

 
 

 
 

 
 

Papermaking Systems
 
$
17,445

 
$
14,335

 
$
31,703

 
$
27,832

Wood Processing Systems (a)
 
(724
)
 
2,451

 
1,462

 
3,257

Corporate and Fiber-based Products (b)
 
(5,278
)
 
(4,542
)
 
(9,676
)
 
(8,752
)
Total operating income
 
11,443

 
12,244

 
23,489

 
22,337

Interest expense, net
 
(290
)
 
(274
)
 
(534
)
 
(488
)
 
 
$
11,153

 
$
11,970

 
$
22,955

 
$
21,849

 
 
 
 
 
 
 
 
 
Capital Expenditures:
 
 

 
 

 
 

 
 

Papermaking Systems
 
$
1,293

 
$
1,140

 
$
2,777

 
$
1,658

Other
 
420

 
72

 
658

 
78

 
 
$
1,713

 
$
1,212

 
$
3,435

 
$
1,736

 
 
 
 
 
 
 
 
 
(a) Includes $4,098,000 and $4,417,000 of acquisition-related expenses in the three- and six-month periods ended July 1, 2017, respectively.
(b) Corporate primarily includes general and administrative expenses.