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Business Segment Information (Tables) | 9 Months Ended
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Sep. 28, 2019
Segment Reporting [Abstract] |
Business Segment Reporting Information | The following table presents financial information for the Company's reportable operating segments:
|  | Three Months Ended |  | Nine Months Ended
|  | September 28, |  | September 29, |  | September 28, |  | September 29,
(In thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Revenues: |  |  |  |  |  |  |  |
Stock-Preparation |  | $ | 56,128 |  |  | $ | 62,983 |  |  | $ | 158,993 |  |  | $ | 164,842 |
Fluid-Handling |  | 32,734 |  |  | 33,083 |  |  | 100,201 |  |  | 98,500 |
Doctoring, Cleaning, & Filtration |  | 29,641 |  |  | 30,704 |  |  | 88,591 |  |  | 87,469 |
Papermaking Systems |  | 118,503 |  |  | 126,770 |  |  | 347,785 |  |  | 350,811 |
Wood Processing Systems |  | 32,731 |  |  | 37,042 |  |  | 104,649 |  |  | 109,335 |
Material Handling Systems (a) |  | 20,282 |  |  | — |  |  | 61,063 |  |  | — |
Fiber-based Products |  | 1,988 |  |  | 1,933 |  |  | 8,488 |  |  | 9,705 |
|  | $ | 173,504 |  |  | $ | 165,745 |  |  | $ | 521,985 |  |  | $ | 469,851 |
|  | Three Months Ended |  | Nine Months Ended
|  | September 28, |  | September 29, |  | September 28, |  | September 29,
(In thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Income Before Provision for Income Taxes: |  |  |  |  |  |  |  |  |  |  |  |
Papermaking Systems (b) |  | $ | 22,798 |  |  | $ | 25,919 |  |  | $ | 61,368 |  |  | $ | 61,402 |
Wood Processing Systems (c) |  | 6,787 |  |  | 8,704 |  |  | 22,858 |  |  | 21,380 |
Material Handling Systems (a, d) |  | 1,742 |  |  | — |  |  | 877 |  |  | — |
Corporate and Fiber-based Products (e) |  | (6,774 | ) |  | (7,248 | ) |  | (18,833 | ) |  | (19,008 | )
Total operating income |  | 24,553 |  |  | 27,375 |  |  | 66,270 |  |  | 63,774 |
Interest expense, net (f) |  | (3,023 | ) |  | (1,708 | ) |  | (9,985 | ) |  | (4,985 | )
Other expense, net (f) |  | (98 | ) |  | (245 | ) |  | (296 | ) |  | (736 | )
|  | $ | 21,432 |  |  | $ | 25,422 |  |  | $ | 55,989 |  |  | $ | 58,053 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Papermaking Systems |  | $ | 1,376 |  |  | $ | 1,348 |  |  | $ | 3,890 |  |  | $ | 9,837 |
Wood Processing Systems |  | 444 |  |  | 1,026 |  |  | 1,423 |  |  | 2,586 |
Material Handling Systems (a) |  | 225 |  |  | — |  |  | 605 |  |  | — |
Corporate and Fiber-based Products |  | 48 |  |  | 232 |  |  | 318 |  |  | 394 |
|  | $ | 2,093 |  |  | $ | 2,606 |  |  | $ | 6,236 |  |  | $ | 12,817 |
|  |  |  |  |  | September 28, |  | December 29,
(In thousands) |  |  |  |  |  | 2019 |  | 2018
Total Assets: |  |  |  |  |  |  |  |  |  |
Papermaking Systems |  |  |  |  |  | $ | 467,034 |  |  | $ | 462,297 |
Wood Processing Systems |  |  |  |  |  | 248,843 |  |  | 247,553 |
Material Handling Systems (a) |  |  |  |  |  | 198,423 |  |  | — |
Corporate and Fiber-based Products (g) |  |  |  |  |  | 21,257 |  |  | 15,899 |
|  |  |  |  |  | $ | 935,557 |  |  | $ | 725,749 |
(a) Represents SMH, which was acquired on January 2, 2019 (see Note 2). (b) Includes restructuring costs of $378,000 in the three-month period ended September 29, 2018 and $1,717,000 in the nine-month period ended September 29, 2018 (see Note 13). (c) Includes acquisition-related expenses of $252,000 in the nine-month period ended September 29, 2018 for the amortization of acquired backlog. (d) Includes $21,000 in the three-month period ended September 28, 2019 and $5,695,000 in the nine-month period ended September 28, 2019 of acquisition-related expenses. Acquisition-related expenses include amortization expense associated with acquired profit in inventory and backlog and acquisition transaction costs. (e) Corporate primarily includes general and administrative expenses. (f) The Company does not allocate interest and other expense, net to its segments. (g) Primarily includes Corporate and Fiber-based Products' cash and cash equivalents, tax assets, ROU assets, and property, plant, and equipment.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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