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Nature of Operations and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
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