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Business Segment Information
 3 Months Ended
Apr. 03, 2021
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Company has combined its operating entities into three reportable operating segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment consists of the fluid-handling and doctoring, cleaning, & filtration product lines; the Industrial Processing segment consists of the wood processing and stock-preparation product lines; and the Material Handling segment consists of the conveying and screening, baling, and fiber-based product lines. A description of each segment follows.
    
•Flow Control – Custom-engineered products, systems, and technologies that control the flow of fluids used in industrial and commercial applications to keep critical processes running efficiently in the packaging, tissue, food, metals, and other industrial sectors. The Company's primary products include rotary sealing devices, steam systems, expansion joints, doctor systems, roll and fabric cleaning devices, and filtration and fiber recovery systems.
•Industrial Processing – Equipment, machinery, and technologies used to recycle paper and paperboard and process timber for use in the packaging, tissue, wood products and alternative fuel industries, among others. The Company's primary products include stock-preparation systems and recycling equipment, chemical pulping equipment, debarkers, stranders, chippers, and logging machinery. In addition, the Company provides industrial automation and digitization solutions to process industries.
•Material Handling – Products and engineered systems used to handle bulk and discrete materials for secondary processing or transport in the aggregates, mining, food, and waste management industries, among others. The Company's primary products include conveying and vibratory equipment and balers. In addition, the Company manufactures and sells biodegradable, absorbent granules used as carriers in agricultural applications and for oil and grease absorption.
The following table presents financial information for the Company's reportable operating segments:
Three Months Ended
April 3,March 28,
(In thousands)20212020
Revenue
Flow Control$63,754 $57,149 
Industrial Processing69,154 64,709 
Material Handling39,555 37,269 
$172,463 $159,127 
Income Before Provision for Income Taxes
  
Flow Control$16,443 $13,330 
Industrial Processing11,133 9,436 
Material Handling4,443 4,134 
Corporate (a)(8,592)(7,245)
Total operating income23,427 19,655 
Interest expense, net (b)(1,046)(2,408)
Other expense, net (b)(24)(32)
$22,357 $17,215 
Capital Expenditures  
Flow Control$334 $821 
Industrial Processing1,804 1,464 
Material Handling121 398 
Corporate— 3 
$2,259 $2,686 

(a) Represents general and administrative expenses.
(b) The Company does not allocate interest and other expense, net to its segments.