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Nature of Operations and Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
 
 
Three Months Ended
(In thousands)
 
March 31,
2018
 
April 1,
2017
Cash Paid for Interest
 
$
2,459

 
$
388

Cash Paid for Income Taxes, Net of Refunds
 
$
8,455

 
$
3,774

 
 
 
 
 
Non-Cash Investing Activities:
 
 

 
 

Estimated post-closing adjustment (a)
 
$
400

 
$
—

 
 
 
 
 
Non-cash additions to property, plant and equipment
 
$
1,816

 
$
125

 
 
 
 
 
Non-Cash Financing Activities:
 
 

 
 

Issuance of Company common stock upon vesting of restricted stock units
 
$
2,755

 
$
2,640

Dividends declared but unpaid
 
$
2,440

 
$
2,310



(a) Represents an estimated post-closing purchase price adjustment related to the 2017 acquisition of certain assets of Unaflex, LLC, which is expected to be settled in 2018.
Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company's condensed consolidated balance sheet that are shown in aggregate in the accompanying condensed consolidated statement of cash flows:
(In thousands)
 
March 31,
2018
 
April 1,
2017
 
December 30,
2017
 
December 31,
2016
Cash and cash equivalents
 
$
72,210

 
$
71,540

 
$
75,425

 
$
71,487

Restricted cash
 
1,532

 
1,543

 
1,421

 
2,082

Total Cash, Cash Equivalents, and Restricted Cash
 
$
73,742

 
$
73,083

 
$
76,846

 
$
73,569
Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company's condensed consolidated balance sheet that are shown in aggregate in the accompanying condensed consolidated statement of cash flows:
(In thousands)
 
March 31,
2018
 
April 1,
2017
 
December 30,
2017
 
December 31,
2016
Cash and cash equivalents
 
$
72,210

 
$
71,540

 
$
75,425

 
$
71,487

Restricted cash
 
1,532

 
1,543

 
1,421

 
2,082

Total Cash, Cash Equivalents, and Restricted Cash
 
$
73,742

 
$
73,083

 
$
76,846

 
$
73,569
Inventories
The components of inventories are as follows:
 
 
March 31,
2018
 
December 30,
2017
(In thousands)
 
 
Raw Materials and Supplies
 
$
42,582

 
$
38,952

Work in Process
 
22,395

 
18,203

Finished Goods
 
30,863

 
27,778

 
 
$
95,840

 
$
84,933
Acquired Intangible Assets
Acquired intangible assets by major asset class are as follows:
(In thousands)
 
Gross
 
Currency
Translation
 
Accumulated
Amortization
 
Net
March 31, 2018
 
 
 
 
 
 
 
 
Definite-Lived
 
 
 
 
 
 
 
 
Customer relationships
 
$
113,283

 
$
(419
)
 
$
(31,196
)
 
$
81,668

Product technology
 
46,501

 
(584
)
 
(20,797
)
 
25,120

Tradenames
 
5,227

 
(218
)
 
(1,628
)
 
3,381

Other
 
13,744

 
(28
)
 
(11,178
)
 
2,538

 
 
178,755

 
(1,249
)
 
(64,799
)
 
112,707

Indefinite-Lived
 
 
 
 
 
 
 
 
Tradenames
 
16,600

 
328

 
—

 
16,928

Acquired Intangible Assets
 
$
195,355

 
$
(921
)
 
$
(64,799
)
 
$
129,635

 
 
 
 
 
 
 
 
 
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


    
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 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

2018 Adjustments
 
 
 
 
 
 
   Acquisitions (a)
 
(309
)
 
(75
)
 
(384
)
   Currency translation
 
2,131

 
(234
)
 
1,897

   Total 2018 adjustments
 
1,822

 
(309
)
 
1,513

Balance at March 31, 2018
 
 

 
 

 
 

Gross balance
 
248,836

 
106,187

 
355,023

Accumulated impairment losses
 
(85,509
)
 
—

 
(85,509
)
Net balance
 
$
163,327

 
$
106,187

 
$
269,514



(a) Relates to adjustments to the purchase price allocation, principally for inventory, for acquisitions completed in 2017. The purchase price allocation for the Company's 2017 acquisitions will be finalized by the second quarter of 2018 and any resulting adjustments are not expected to be material.
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:
 
 
Three Months Ended
(In thousands)
 
March 31,
2018
 
April 1,
2017
Balance at December 30, 2017
 
$
5,498

 
$
3,843

Provision charged to expense
 
715

 
804

Usage
 
(364
)
 
(570
)
Currency translation
 
61

 
62

Balance at March 31, 2018
 
$
5,910

 
$
4,139
Revenue by Product Line, Product Type, Geography, and Revenue Recognition Method
The Company disaggregates its revenue from contracts with customers by product line, product type, and geography as this best depicts how its revenue is affected by economic factors as shown below:
 
 
Three Months Ended
 
 
March 31,
 
April 1,
(In thousands)
 
2018
 
2017
Revenues by Product Line:
 
 
 
 
Papermaking Systems:
 
 
 
 
Stock-Preparation
 
$
45,483

 
$
41,153

Doctoring, Cleaning, & Filtration
 
27,222

 
25,350

Fluid-Handling
 
32,886

 
22,047

Papermaking Systems
 
$
105,591

 
$
88,550

Wood Processing Systems
 
39,141

 
9,943

Fiber-based Products
 
4,461

 
4,364

 
 
$
149,193

 
$
102,857

Revenue by Product Type:
 
 

 
 

Parts and Consumables
 
$
95,985

 
$
70,444

Capital
 
53,208

 
32,413

 
 
$
149,193

 
$
102,857

Revenue by Geography:
 
 

 
 

North America
 
$
77,616

 
$
50,166

Europe
 
41,493

 
32,751

Asia
 
20,148

 
11,898

Rest of World
 
9,936

 
8,042

 
 
$
149,193

 
$
102,857


The following table presents revenue by revenue recognition method:
 
 
Three Months Ended
 
 
March 31,
(In thousands)
 
2018
Timing of Revenue Recognition:
 
 

Point in Time
 
$
142,005

Over Time
 
7,188

 
 
$
149,193
Balances from Contracts with Customers
The following tables present the balances from contracts with customers and the significant changes in contract asset and contract liabilities:
 
 
March 31,
2018
 
December 30,
2017
(In thousands)
 
 
Balances from Contracts with Customers:
 
 
 
 
Accounts receivable, net
 
$
91,529

 
$
89,624

Contract assets
 
2,375

 
2,374

Contract liabilities
 
(47,759
)
 
(38,702
)

 
 
Contract Assets
 
Contract Liabilities
(In thousands)
 
 
Balance at December 30, 2017
 
$
2,374

 
$
(38,702
)
Impact from the adoption of Topic 606
 
2,021

 
(3,932
)
Reclassification to accounts receivable, net
 
(3,476
)
 
—

Contract assets recognized
 
1,403

 
—

Revenue recognized
 
—

 
27,325

Cash received and not recognized as revenue
 
—

 
(31,503
)
Currency translation
 
53

 
(947
)
Balance at March 31, 2018
 
$
2,375

 
$
(47,759
)