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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Business Segment Reporting Information
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.