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Business Segment Information
 9 Months Ended
Sep. 30, 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
 
Nine Months Ended
 
 
September 30,
 
October 1,
 
September 30,
 
October 1,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Revenues:
 
 
 
 
 
 
 
 
Papermaking Systems
 
$
111,135

 
$
96,078

 
$
295,416

 
$
280,436

Wood Processing Systems
 
39,714

 
7,962

 
61,050

 
25,437

Fiber-based Products
 
1,945

 
1,479

 
9,427

 
8,012

 
 
$
152,794

 
$
105,519

 
$
365,893

 
$
313,885

 
 
 
 
 
 
 
 
 
Income Before Provision for Income Taxes:
 
 

 
 

 
 

 
 

Papermaking Systems (a)
 
$
21,544

 
$
16,915

 
$
52,932

 
$
44,747

Wood Processing Systems (b)
 
4,418

 
2,150

 
6,196

 
5,406

Corporate and Fiber-based Products (c)
 
(6,504
)
 
(6,504
)
 
(16,181
)
 
(15,255
)
Total operating income
 
19,458

 
12,561

 
42,947

 
34,898

Interest expense, net
 
(1,188
)
 
(251
)
 
(1,722
)
 
(739
)
 
 
$
18,270

 
$
12,310

 
$
41,225

 
$
34,159

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
October 1,
 
September 30,
 
October 1,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Capital Expenditures:
 
 

 
 

 
 

 
 

Papermaking Systems
 
$
3,790

 
$
1,632

 
$
6,567

 
$
3,341

Other
 
1,493

 
211

 
2,151

 
238

 
 
$
5,283

 
$
1,843

 
$
8,718

 
$
3,579

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30,
 
December 31,
(In thousands)
 
 
 
 
 
2017
 
2016
Total Assets:
 
 

 
 

 
 

 
 

Papermaking Systems
 
 
 
 
 
$
492,071

 
$
407,538

Wood Processing Systems
 
 
 
 
 
259,487

 
52,407

Other (d)
 
 
 
 
 
36,101

 
10,746

 
 
 
 
 
 
$
787,659

 
$
470,691


(a) Includes $278,000, and $593,000 of acquisition-related expenses in the three- and nine-month periods ended September 30, 2017, respectively. Includes $114,000 and $3,491,000 of acquisition-related expenses in the three- and nine-month periods ended October 1, 2016, respectively. Acquisition-related expenses include acquisition transaction costs and amortization of acquired profit in inventory and backlog.
(b) Includes $4,625,000 and $8,727,000 of acquisition-related expenses in the three- and nine-month periods ended September 30, 2017, respectively.
(c) Corporate primarily includes general and administrative expenses.
(d) Primarily includes Corporate and Fiber-based Products' cash and cash equivalents and property, plant and equipment.