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Nature of Operations and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 30, 2017
Accounting Policies [Abstract] |
Changes in Allowance for Doubtful Accounts | The changes in the allowance for doubtful accounts are as follows:
(In thousands) |  | December 30, 2017 |  | December 31, 2016 |  | January 2, 2016
Balance at Beginning of Year |  | $ | 2,395 |  |  | $ | 2,163 |  |  | $ | 2,198 |
Provision charged to expense |  | 436 |  |  | 453 |  |  | 379 |
Accounts written off |  | (159 | ) |  | (128 | ) |  | (205 | )
Currency translation |  | 207 |  |  | (93 | ) |  | (209 | )
Balance at End of Year |  | $ | 2,879 |  |  | $ | 2,395 |  |  | $ | 2,163 |
Changes in Estimated Product Warranty Liability | The changes in the carrying amount of accrued warranty costs included in other current liabilities in the accompanying consolidated balance sheet are as follows:
(In thousands) |  | December 30, 2017 |  | December 31, 2016
Balance at Beginning of Year |  | $ | 3,843 |  |  | $ | 3,670 |
Provision charged to expense |  | 2,652 |  |  | 3,091 |
Usage |  | (2,225 | ) |  | (3,632 | )
Acquisitions |  | 790 |  |  | 991 |
Currency translation |  | 438 |  |  | (277 | )
Balance at End of Year |  | $ | 5,498 |  |  | $ | 3,843 |
Supplemental Cash Flow Information | Supplemental Cash Flow Information
(In thousands) |  | December 30, 2017 |  | December 31, 2016 |  | January 2, 2016
Cash Paid for Interest |  | $ | 2,624 |  |  | $ | 1,183 |  |  | $ | 616 |
Cash Paid for Income Taxes, Net of Refunds |  | $ | 20,559 |  |  | $ | 15,632 |  |  | $ | 11,497 |
Non-Cash Investing Activities: |  |  |  |  |  |
Fair value of assets of acquired |  | $ | 242,048 |  |  | $ | 84,969 |  |  | $ | — |
Cash paid for acquired businesses |  | (206,950 | ) |  | (58,894 | ) |  | — |
Liabilities assumed of acquired businesses |  | $ | 35,098 |  |  | $ | 26,075 |  |  | $ | — |
Non-cash additions to property, plant, and equipment |  | $ | 4,620 |  |  | $ | 379 |  |  | $ | 614 |
Non-Cash Financing Activities: |  |  |  |  |  |  |  |  |
Issuance of Company common stock upon vesting of RSUs |  | $ | 3,192 |  |  | $ | 3,463 |  |  | $ | 3,423 |
Dividends declared but unpaid |  | $ | 2,316 |  |  | $ | 2,078 |  |  | $ | 1,831 |
Components of Inventory | The components of inventories are as follows:
(In thousands) |  | December 30, 2017 |  | December 31, 2016
Raw Materials and Supplies |  | $ | 38,952 |  |  | $ | 21,086 |
Work in Process |  | 18,203 |  |  | 12,293 |
Finished Goods (includes $1,883 and $1,249 at customer locations) |  | 27,778 |  |  | 21,572 |
|  | $ | 84,933 |  |  | $ | 54,951 |
Property, Plant and Equipment | Property, plant, and equipment consist of the following:
(In thousands) |  | December 30, 2017 |  | December 31, 2016
Land |  | $ | 7,894 |  |  | $ | 4,827 |
Buildings |  | 48,094 |  |  | 39,706 |
Machinery, Equipment, and Leasehold Improvements |  | 94,779 |  |  | 78,953 |
Construction in Progress |  | 14,464 |  |  | 938 |
|  | 165,231 |  |  | 124,424 |
Less: Accumulated Depreciation and Amortization |  | 85,508 |  |  | 76,720 |
|  | $ | 79,723 |  |  | $ | 47,704 |
Acquired Intangible Assets | Acquired intangible assets by major asset class are as follows:
(In thousands) |  | Gross |  | Currency Translation |  | Accumulated Amortization |  | Net
December 30, 2017 |  |  |  |  |  |  |  |
Definite-Lived |  |  |  |  |  |  |  |
Customer relationships |  | $ | 113,301 |  |  | $ | (621 | ) |  | $ | (28,789 | ) |  | $ | 83,891 |
Product technology |  | 46,501 |  |  | (737 | ) |  | (19,841 | ) |  | 25,923 |
Tradenames |  | 5,227 |  |  | (262 | ) |  | (1,504 | ) |  | 3,461 |
Other |  | 13,754 |  |  | (35 | ) |  | (10,863 | ) |  | 2,856 |
|  | 178,783 |  |  | (1,655 | ) |  | (60,997 | ) |  | 116,131 |
Indefinite-Lived |  |  |  |  |  |  |  |
Tradenames |  | 16,600 |  |  | 305 |  |  | — |  |  | 16,905 |
Acquired Intangible Assets |  | $ | 195,383 |  |  | $ | (1,350 | ) |  | $ | (60,997 | ) |  | $ | 133,036 |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Definite-Lived |  |  |  |  |  |  |  |
Customer relationships |  | $ | 59,101 |  |  | $ | (5,202 | ) |  | $ | (21,805 | ) |  | $ | 32,094 |
Product technology |  | 27,101 |  |  | (2,052 | ) |  | (17,105 | ) |  | 7,944 |
Tradenames |  | 4,447 |  |  | (591 | ) |  | (1,065 | ) |  | 2,791 |
Other |  | 11,094 |  |  | (228 | ) |  | (9,065 | ) |  | 1,801 |
|  | 101,743 |  |  | (8,073 | ) |  | (49,040 | ) |  | 44,630 |
Indefinite-Lived |  |  |  |  |  |  |  |
Tradenames |  | 8,100 |  |  | — |  |  | — |  |  | 8,100 |
Acquired Intangible Assets |  | $ | 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 as of January 2, 2016 |  |  |  |  |  |
Gross balance |  | $ | 187,720 |  |  | $ | 16,840 |  |  | $ | 204,560 |
Accumulated impairment losses |  | (85,509 | ) |  | — |  |  | (85,509 | )
Net balance |  | 102,211 |  |  | 16,840 |  |  | 119,051 |
2016 Adjustments |  |  |  |  |  |
Acquisition (Note 2) |  | 38,552 |  |  | — |  |  | 38,552 |
Currency Translation |  | (6,573 | ) |  | 425 |  |  | (6,148 | )
Total 2016 Adjustments |  | 31,979 |  |  | 425 |  |  | 32,404 |
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) |  | 16,373 |  |  | 85,508 |  |  | 101,881 |
Currency Translation |  | 10,942 |  |  | 3,723 |  |  | 14,665 |
Total 2017 Adjustments |  | 27,315 |  |  | 89,231 |  |  | 116,546 |
Balance at December 30, 2017 |  |  |  |  |  |  |  |  |
Gross balance |  | 247,014 |  |  | 106,496 |  |  | 353,510 |
Accumulated impairment losses |  | (85,509 | ) |  | — |  |  | (85,509 | )
Net balance |  | $ | 161,505 |  |  | $ | 106,496 |  |  | $ | 268,001 |
Goodwill by Reporting Unit | Goodwill by reporting unit is as follows:
(In thousands) |  | December 30, 2017 |  | December 31, 2016
Stock-Preparation |  | $ | 60,275 |  |  | $ | 54,751 |
Doctoring, Cleaning, & Filtration |  | 35,941 |  |  | 33,839 |
Fluid-Handling |  | 65,289 |  |  | 45,600 |
Wood Processing Systems |  | 106,496 |  |  | 17,265 |
|  | $ | 268,001 |  |  | $ | 151,455 |

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