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Nature of Operations and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2017
Accounting Policies [Abstract] |
Supplemental Cash Flow Information |
|  | Nine Months Ended
(In thousands) |  | September 30, 2017 |  | October 1, 2016
Non-Cash Investing Activities: |  |  |  |  |  |
Fair value of assets acquired |  | $ | 241,141 |  |  | $ | 87,060 |
Cash paid for acquired businesses |  | (206,447 | ) |  | (58,894 | )
Liabilities assumed of acquired businesses |  | $ | 34,694 |  |  | $ | 28,166 |
Non-Cash Financing Activities: |  |  |  |  |  |
Issuance of Company common stock |  | $ | 3,018 |  |  | $ | 3,260 |
Dividends declared but unpaid |  | $ | 2,312 |  |  | $ | 2,074 |
Inventories | The components of inventories are as follows:
|  | September 30, 2017 |  | December 31, 2016
(In thousands) |  |
Raw Materials and Supplies |  | $ | 40,969 |  |  | $ | 21,086 |
Work in Process |  | 20,158 |  |  | 12,293 |
Finished Goods |  | 29,323 |  |  | 21,572 |
Total Inventories |  | $ | 90,450 |  |  | $ | 54,951 |
Acquired Intangible Assets | The changes in the carrying amount of intangible assets are as follows:
|  | September 30, 2017 |  | December 31, 2016
(In thousands) |  |
Indefinite-Lived, Gross |  | $ | 8,100 |  |  | $ | 8,100 |
Acquisition (Note 2) |  | 8,500 |  |  | — |
Currency translation |  | 271 |  |  | — |
Indefinite-Lived, Net |  | 16,871 |  |  | 8,100 |
Definite-Lived, Gross |  | 101,743 |  |  | 77,052 |
Acquisitions (Note 2) |  | 75,540 |  |  | 24,691 |
Accumulated amortization |  | (56,913 | ) |  | (49,040 | )
Currency translation |  | (2,010 | ) |  | (8,073 | )
Definite-Lived, Net |  | 118,360 |  |  | 44,630 |
Total Intangible Assets, Net |  | $ | 135,231 |  |  | $ | 52,730 |
Intangible assets by major asset class are as follows:
(In thousands) |  | Gross |  | Currency Translation |  | Accumulated Amortization |  | Net
September 30, 2017 |  |  |  |  |  |  |  |
Customer relationships |  | $ | 111,801 |  |  | $ | (821 | ) |  | $ | (26,404 | ) |  | $ | 84,576 |
Intellectual property |  | 46,501 |  |  | (817 | ) |  | (18,846 | ) |  | 26,838 |
Tradenames |  | 21,827 |  |  | (39 | ) |  | (1,382 | ) |  | 20,406 |
Other |  | 13,754 |  |  | (62 | ) |  | (10,281 | ) |  | 3,411 |
|  | $ | 193,883 |  |  | $ | (1,739 | ) |  | $ | (56,913 | ) |  | $ | 135,231 |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 59,101 |  |  | $ | (5,202 | ) |  | $ | (21,805 | ) |  | $ | 32,094 |
Intellectual property |  | 27,101 |  |  | (2,052 | ) |  | (17,105 | ) |  | 7,944 |
Tradenames |  | 12,547 |  |  | (591 | ) |  | (1,065 | ) |  | 10,891 |
Other |  | 11,094 |  |  | (228 | ) |  | (9,065 | ) |  | 1,801 |
|  | $ | 109,843 |  |  | $ | (8,073 | ) |  | $ | (49,040 | ) |  | $ | 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 |
2017 Adjustments |  |  |  |  |  |
Acquisitions (Note 2) |  | 15,277 |  |  | 84,606 |  |  | 99,883 |
Currency translation |  | 9,937 |  |  | 3,565 |  |  | 13,502 |
Total 2017 adjustments |  | 25,214 |  |  | 88,171 |  |  | 113,385 |
Balance at September 30, 2017 |  |  |  |  |  |  |  |  |
Gross balance |  | 244,913 |  |  | 105,436 |  |  | 350,349 |
Accumulated impairment losses |  | (85,509 | ) |  | — |  |  | (85,509 | )
Net balance |  | $ | 159,404 |  |  | $ | 105,436 |  |  | $ | 264,840 |
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) |  | September 30, 2017 |  | October 1, 2016
Balance at Beginning of Year |  | $ | 3,843 |  |  | $ | 3,670 |
Provision charged to income |  | 1,931 |  |  | 2,454 |
Usage |  | (1,506 | ) |  | (2,574 | )
Acquisitions |  | 790 |  |  | 991 |
Currency translation |  | 382 |  |  | (19 | )
Balance at End of Period |  | $ | 5,440 |  |  | $ | 4,522 |

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