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Business Segment Information
 3 Months Ended
Mar. 31, 2018
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.

The following table presents financial information for the Company's reportable operating segments:
 
 
Three Months Ended
 
 
March 31,
 
April 1,
(In thousands)
 
2018
 
2017
Revenues:
 
 
 
 
Papermaking Systems (a)
 
$
105,591

 
$
88,550

Wood Processing Systems (b)
 
39,141

 
9,943

Fiber-based Products
 
4,461

 
4,364

 
 
$
149,193

 
$
102,857

 
 
 
 
 
Income Before Provision for Income Taxes:
 
 

 
 

Papermaking Systems (c)
 
$
14,584

 
$
14,299

Wood Processing Systems (d)
 
7,363

 
2,504

Corporate and Fiber-based Products (e)
 
(5,283
)
 
(4,553
)
Total operating income
 
16,664

 
12,250

Interest expense, net (f)
 
(1,549
)
 
(244
)
Other expense, net
 
(246
)
 
(204
)
 
 
$
14,869

 
$
11,802

 
 
 
 
 
Capital Expenditures:
 
 

 
 

Papermaking Systems
 
$
4,649

 
$
1,484

Wood Processing Systems
 
376

 
186

Other
 
126

 
52

 
 
$
5,151

 
$
1,722

 
 
 
 
 
(a)
Includes $5,900,000 in the three-month period ended March 31, 2018 from 2017 acquisitions.
(b) Includes $28,870,000 in the three-month period ended March 31, 2018 from a 2017 acquisition.
(c) Includes restructuring costs of $770,000 in the three-month period ended March 31, 2018 (see Note 2).
(d) Includes acquisition-related expenses of $252,000 in the three-month period ended March 31, 2018 for the amortization of acquired backlog and $319,000 in the three-month period ended April 1, 2017 for acquisition transaction costs.
(e) Corporate primarily includes general and administrative expenses.
(f) The Company does not allocate interest expense, net to its segments.