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