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Business Segment and Geographical Information (Tables)

12 Months Ended

Dec. 28, 2019

Segment Reporting [Abstract]

Business Segment Information

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.

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Topic 280
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-Section 50
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