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Business Segment Information | 9 Months Ended
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Sep. 29, 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 |  | Nine Months Ended
|  | September 29, |  | September 30, |  | September 29, |  | September 30,
(In thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues: |  |  |  |  |  |  |  |
Papermaking Systems (a) |  | $ | 126,770 |  |  | $ | 111,135 |  |  | $ | 350,811 |  |  | $ | 295,416 |
Wood Processing Systems (b) |  | 37,042 |  |  | 39,714 |  |  | 109,335 |  |  | 61,050 |
Fiber-based Products |  | 1,933 |  |  | 1,945 |  |  | 9,705 |  |  | 9,427 |
|  | $ | 165,745 |  |  | $ | 152,794 |  |  | $ | 469,851 |  |  | $ | 365,893 |
|  | Three Months Ended |  | Nine Months Ended
|  | September 29, |  | September 30, |  | September 29, |  | September 30,
(In thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Income Before Provision for Income Taxes: |  |  |  |  |  |  |  |  |  |  |  |
Papermaking Systems (c) |  | $ | 25,919 |  |  | $ | 21,684 |  |  | $ | 61,402 |  |  | $ | 53,247 |
Wood Processing Systems (d) |  | 8,704 |  |  | 4,418 |  |  | 21,380 |  |  | 6,511 |
Corporate and Fiber-based Products (e) |  | (7,248 | ) |  | (6,428 | ) |  | (19,008 | ) |  | (16,174 | )
Total operating income |  | 27,375 |  |  | 19,674 |  |  | 63,774 |  |  | 43,584 |
Interest expense, net (f) |  | (1,708 | ) |  | (1,188 | ) |  | (4,985 | ) |  | (1,722 | )
Other expense, net |  | (245 | ) |  | (216 | ) |  | (736 | ) |  | (637 | )
|  | $ | 25,422 |  |  | $ | 18,270 |  |  | $ | 58,053 |  |  | $ | 41,225 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Papermaking Systems |  | $ | 1,348 |  |  | $ | 3,790 |  |  | $ | 9,837 |  |  | $ | 6,567 |
Wood Processing Systems |  | 1,026 |  |  | 1,358 |  |  | 2,586 |  |  | 1,649 |
Corporate and Other |  | 232 |  |  | 135 |  |  | 394 |  |  | 502 |
|  | $ | 2,606 |  |  | $ | 5,283 |  |  | $ | 12,817 |  |  | $ | 8,718 |
(a) | Includes $917,000 in the three-month period ended September 29, 2018 and $12,247,000 in the nine-month period ended September 29, 2018 from 2017 acquisitions.
(b) Includes $52,310,000 in the nine-month period ended September 29, 2018 from a 2017 acquisition. (c) Includes $378,000 in the three-month period ended September 29, 2018 and $1,717,000 in the nine-month period ended September 29, 2018 for restructuring costs (see Note 2) and $278,000 in the three-month period ended September 30, 2017 and $593,000 in the nine-month period ended September 30, 2017 for acquisition transaction costs and amortization of acquired profit in inventory. (d) Includes $4,625,000 in the three-month period ended September 30, 2017, $252,000 in the nine-month period ended September 29, 2018 and $8,727,000 in the nine-month period ended September 30, 2017 for acquisition-related costs. (e) Corporate primarily includes general and administrative expenses. (f) The Company does not allocate interest expense, net to its segments.

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- 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
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