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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Business Segment Reporting Information
 
 
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.