Business Segment and Geographical Information (Tables)

12 Months Ended

Jan. 02, 2021

The following table presents financial information for the Company's reportable operating segments:


(In thousands)	January 2, 2021		December 28, 2019		December 29, 2018
Revenue
Flow Control	$	225,444	$	250,339	$	247,966
Industrial Processing	261,577		301,948		314,229
Material Handling (a)	148,007		152,357		71,591
	$	635,028	$	704,644	$	633,786
Income Before Provision for Income Taxes
Flow Control (b)	$	51,530	$	55,343	$	52,928
Industrial Processing (c)	42,971		49,599		57,355
Material Handling (a, d)	14,375		11,600		8,077
Corporate (e)	(27,752)		(28,719)		(29,762)
Total operating income	81,124		87,823		88,598
Interest expense, net (f)	(7,242)		(12,542)		(6,653)
Other expense, net (f, g)	(195)		(6,359)		(2,417)
	$	73,687	$	68,922	$	79,528


(In thousands)	January 2, 2021		December 28, 2019		December 29, 2018
Total Assets
Flow Control	$	263,141	$	262,320	$	256,140
Industrial Processing	379,965		375,194		374,512
Material Handling (a)	273,909		281,057		86,003
Corporate (h)	10,556		20,816		9,094
	$	927,571	$	939,387	$	725,749
Depreciation and Amortization
Flow Control	$	6,333	$	6,603	$	5,971
Industrial Processing	13,163		13,012		13,660
Material Handling (a)	11,628		12,528		3,756
Corporate	210		247		181
	$	31,334	$	32,390	$	23,568
Capital Expenditures
Flow Control	$	2,808	$	2,639	$	2,791
Industrial Processing	3,123		5,113		12,288
Material Handling (a)	1,539		2,144		1,312
Corporate	125		61		168
	$	7,595	$	9,957	$	16,559
Geographical Information
Revenue (i):
United States	$	286,015	$	309,957	$	234,487
China	51,003		66,480		89,645
Canada	62,059		64,010		61,096
Germany	23,292		29,076		26,577
Finland	11,805		11,113		10,934
Other	200,854		224,008		211,047
	$	635,028	$	704,644	$	633,786
Long-lived Assets (j):
United States	$	40,293	$	42,094	$	35,446
China	9,844		10,319		11,069
Finland	8,013		6,960		6,998
Canada	7,221		7,948		8,193
Germany	6,051		5,925		6,223
Other	13,220		12,786		12,228
	$	84,642	$	86,032	$	80,157

(a)Includes the SMH business in 2020 and 2019, which was acquired on January 2, 2019 (see Note 2, Acquisitions).

(b)Includes restructuring costs of $659,000 in 2020.

(c)Includes $1,861,000 of impairment charges and $277,000 of restructuring costs in 2020. Includes $2,336,000 of impairment charges and $192,000 of restructuring costs in 2019. Includes restructuring costs of $1,717,000 in 2018. Includes acquisition-related expenses of $679,000 in 2020 and $252,000 in 2018. Acquisition-related expenses include amortization expense associated with backlog and acquisition costs.

(d)Includes restructuring costs of $182,000 in 2020. Includes acquisition-related expenses of $350,000 in 2020 and $5,715,000 in 2019. Acquisition-related expenses include amortization expense associated with acquired profit in inventory and backlog, and acquisition costs.

(e)Represents general and administrative expenses, including $1,321,000 of acquisition transaction costs in 2018.

(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.

(h)Primarily includes cash and cash equivalents, tax assets, ROU assets, and property, plant, and equipment, net.

(i)Revenue is attributed to countries based on customer location.

(j)Represents property, plant, and equipment, net.