XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Business Segment Information | 6 Months Ended
--- | ---
Jun. 30, 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 |  | Six Months Ended
|  | June 30, |  | July 1, |  | June 30, |  | July 1,
(In thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues: |  |  |  |  |  |  |  |
Papermaking Systems (a) |  | $ | 118,450 |  |  | $ | 95,731 |  |  | $ | 224,041 |  |  | $ | 184,281 |
Wood Processing Systems (b) |  | 33,152 |  |  | 11,393 |  |  | 72,293 |  |  | 21,336 |
Fiber-based Products |  | 3,311 |  |  | 3,118 |  |  | 7,772 |  |  | 7,482 |
|  | $ | 154,913 |  |  | $ | 110,242 |  |  | $ | 304,106 |  |  | $ | 213,099 |
Income Before Provision for Income Taxes: |  |  |  |  |  |  |  |  |  |  |  |
Papermaking Systems (c) |  | $ | 20,899 |  |  | $ | 17,264 |  |  | $ | 35,483 |  |  | $ | 31,563 |
Wood Processing Systems (d) |  | 5,313 |  |  | (411 | ) |  | 12,676 |  |  | 2,093 |
Corporate and Fiber-based Products (e) |  | (6,477 | ) |  | (5,193 | ) |  | (11,760 | ) |  | (9,746 | )
Total operating income |  | 19,735 |  |  | 11,660 |  |  | 36,399 |  |  | 23,910 |
Interest expense, net (f) |  | (1,728 | ) |  | (290 | ) |  | (3,277 | ) |  | (534 | )
Other expense, net |  | (245 | ) |  | (217 | ) |  | (491 | ) |  | (421 | )
|  | $ | 17,762 |  |  | $ | 11,153 |  |  | $ | 32,631 |  |  | $ | 22,955 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Papermaking Systems |  | $ | 3,840 |  |  | $ | 1,293 |  |  | $ | 8,489 |  |  | $ | 2,777 |
Wood Processing Systems |  | 1,184 |  |  | 105 |  |  | 1,560 |  |  | 291 |
Other |  | 36 |  |  | 315 |  |  | 162 |  |  | 367 |
|  | $ | 5,060 |  |  | $ | 1,713 |  |  | $ | 10,211 |  |  | $ | 3,435 |
(a) | Includes $5,430,000 in the three-month period ended June 30, 2018 and $11,330,000 in the six-month period ended June 30, 2018 from 2017 acquisitions.
(b) Includes $23,440,000 in the three-month period ended June 30, 2018 and $52,310,000 in the six-month period ended June 30, 2018 from a 2017 acquisition. (c) Includes $569,000 in the three-month period ended June 30, 2018 and $1,339,000 in the six-month period ended June 30, 2018 for restructuring costs (see Note 2) and $315,000 in the three-month period ended July 1, 2017 and $315,000 in the six-month period ended July 1, 2017 for acquisition transaction costs. (d) Includes acquisition-related expenses of $252,000 in the six-month period ended June 30, 2018 for the amortization of acquired backlog. Includes $3,783,000 in the three-month period ended July 1, 2017 and $4,102,000 in the six-month period ended July 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.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration