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Business Segment and Geographical Information | 12 Months Ended
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Dec. 28, 2019
Segment Reporting [Abstract] |
Business Segment and Geographical Information | Business Segment and Geographical Information The Company has combined its operating entities into three reportable operating segments, Papermaking Systems, Wood Processing Systems, and Material Handling Systems, and a separate product line, Fiber-based Products, as described below. 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.
• | Papermaking Systems Segment – The Company develops, manufactures, and markets a range of equipment and products for the global papermaking, paper recycling, recycling and waste management, and other process industries. The Company's Papermaking Systems segment consists of the following product lines: Stock-Preparation; Fluid-Handling; and Doctoring, Cleaning, & Filtration. The Company's principal products include custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers and related equipment used in the processing of recyclable and waste materials; fluid-handling systems and equipment used in industrial piping systems to compensate for movement and to efficiently transfer fluid, power, and data; doctoring systems and equipment and related consumables important to the efficient operation of paper machines and other industrial processes; and filtration and cleaning systems essential for draining, purifying, and recycling process water and cleaning fabrics, belts, and rolls in various process industries.
• | Wood Processing Systems Segment – The Company develops, manufactures, and markets debarkers, stranders, chippers, logging machinery, and related equipment used in the harvesting and production of lumber and OSB. Material Handling Systems Segment – The Company develops, manufactures, and markets material handling equipment and systems, including vibratory and conveying equipment, to various process industries, including mining, aggregates, food processing, packaging, and pulp and paper.
• | Fiber-based Products business – The Company manufactures and sells biodegradable, absorbent granules derived from papermaking by-products. These materials are primarily used as carriers in agricultural, home lawn and garden, professional lawn, turf and ornamental applications, and for oil and grease absorption.
The following table presents financial information for the Company's reportable operating segments:
(In thousands) |  | December 28, 2019 |  | December 29, 2018 |  | December 30, 2017
Business Segment Information |  |  |  |  |  |
Revenues by Product Line: |  |  |  |  |  |
Stock-Preparation |  | $ | 215,091 |  |  | $ | 221,933 |  |  | $ | 193,838 |
Fluid-Handling |  | 132,501 |  |  | 131,830 |  |  | 104,136 |
Doctoring, Cleaning, & Filtration |  | 117,838 |  |  | 116,136 |  |  | 109,631 |
Papermaking Systems |  | 465,430 |  |  | 469,899 |  |  | 407,605 |
Wood Processing Systems |  | 143,187 |  |  | 151,366 |  |  | 95,053 |
Material Handling Systems (a) |  | 83,364 |  |  | — |  |  | — |
Fiber-based Products |  | 12,663 |  |  | 12,521 |  |  | 12,375 |
|  | $ | 704,644 |  |  | $ | 633,786 |  |  | $ | 515,033 |
Income Before Provision for Income Taxes: |  |  |  |  |  |  |  |  |
Papermaking Systems (b) |  | $ | 81,232 |  |  | $ | 83,454 |  |  | $ | 73,069 |
Wood Processing Systems (c) |  | 28,166 |  |  | 31,237 |  |  | 10,005 |
Material Handling Systems (a, d) |  | 3,132 |  |  | — |  |  | — |
Corporate and Fiber-based Products (e) |  | (24,707 | ) |  | (26,093 | ) |  | (21,449 | )
Total operating income |  | 87,823 |  |  | 88,598 |  |  | 61,625 |
Interest expense, net (f) |  | (12,542 | ) |  | (6,653 | ) |  | (3,100 | )
Other expense, net (f, g) |  | (6,359 | ) |  | (2,417 | ) |  | (872 | )
|  | $ | 68,922 |  |  | $ | 79,528 |  |  | $ | 57,653 |
(In thousands) |  | December 28, 2019 |  | December 29, 2018 |  | December 30, 2017
Total Assets: |  |  |  |  |  |
Papermaking Systems |  | $ | 464,069 |  |  | $ | 462,297 |  |  | $ | 494,919 |
Wood Processing Systems |  | 249,689 |  |  | 247,553 |  |  | 257,467 |
Material Handling Systems (a) |  | 196,884 |  |  | — |  |  | — |
Corporate and Fiber-based Products (h) |  | 28,745 |  |  | 15,899 |  |  | 8,708 |
|  | $ | 939,387 |  |  | $ | 725,749 |  |  | $ | 761,094 |
Depreciation and Amortization: |  |  |  |  |  |  |  |  |
Papermaking Systems |  | $ | 13,010 |  |  | $ | 12,561 |  |  | $ | 11,239 |
Wood Processing Systems |  | 9,571 |  |  | 10,317 |  |  | 7,515 |
Material Handling Systems (a) |  | 9,018 |  |  | — |  |  | — |
Corporate and Fiber-based Products |  | 791 |  |  | 690 |  |  | 621 |
|  | $ | 32,390 |  |  | $ | 23,568 |  |  | $ | 19,375 |
Capital Expenditures: |  |  |  |  |  |  |  |  |
Papermaking Systems |  | $ | 6,127 |  |  | $ | 12,717 |  |  | $ | 14,359 |
Wood Processing Systems |  | 2,133 |  |  | 3,272 |  |  | 2,333 |
Material Handling Systems (a) |  | 1,195 |  |  | — |  |  | — |
Corporate and Fiber-based Products |  | 502 |  |  | 570 |  |  | 589 |
|  | $ | 9,957 |  |  | $ | 16,559 |  |  | $ | 17,281 |
Geographical Information |  |  |  |  |  |  |  |  |
Revenues (i): |  |  |  |  |  |  |  |  |
United States |  | $ | 309,957 |  |  | $ | 234,487 |  |  | $ | 182,788 |
China |  | 66,480 |  |  | 89,645 |  |  | 63,910 |
Canada |  | 64,010 |  |  | 61,096 |  |  | 47,611 |
Germany |  | 29,076 |  |  | 26,577 |  |  | 32,026 |
Finland |  | 11,113 |  |  | 10,934 |  |  | 8,607 |
Other |  | 224,008 |  |  | 211,047 |  |  | 180,091 |
|  | $ | 704,644 |  |  | $ | 633,786 |  |  | $ | 515,033 |
Long-lived Assets (j): |  |  |  |  |  |  |  |  |
United States |  | $ | 42,094 |  |  | $ | 35,446 |  |  | $ | 32,852 |
China |  | 10,319 |  |  | 11,069 |  |  | 11,685 |
Canada |  | 7,948 |  |  | 8,193 |  |  | 9,449 |
Finland |  | 6,960 |  |  | 6,998 |  |  | 5,841 |
Germany |  | 5,925 |  |  | 6,223 |  |  | 6,452 |
Other |  | 12,786 |  |  | 12,228 |  |  | 13,444 |
|  | $ | 86,032 |  |  | $ | 80,157 |  |  | $ | 79,723 |
(a) | Comprised of the SMH business, which was acquired on January 2, 2019 (see Note 2).
(b) | Includes $787,000 in 2017 of acquisition-related expenses, comprised of acquisition transaction costs and amortization of acquired profit in inventory and backlog. Includes restructuring costs of $1,717,000 in 2018 and $203,000 in 2017 (see Note 8).
(c) | Includes $2,336,000 and $192,000 in 2019 of impairment and restructuring costs, respectively, related to the timber-harvesting product line (see Notes 1 and 8). Includes $252,000 in 2018 and $11,163,000 in 2017 of acquisition-related expenses.
(d) | Includes $5,715,000 in 2019 of acquisition-related expenses, comprised of amortization expense associated with acquired profit in inventory and backlog and acquisition transaction costs.
(e) | Corporate primarily includes general and administrative expenses, including $1,321,000 in 2018 of acquisition transaction costs.
(f) | The Company does not allocate interest and other expense, net to its segments.
(g) | Includes a settlement loss of $5,887,000 in 2019 and a curtailment loss of $1,425,000 in 2018 (see Note 3).
(h) | Primarily includes Corporate and Fiber-based Products' cash and cash equivalents, tax assets, ROU assets, and property, plant, and equipment, net.
(i) | Revenues are attributed to countries based on customer location.
(j) Represents property, plant, and equipment, net.

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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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