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Business Segment Information (Tables)

3 Months Ended

Apr. 03, 2021

Segment Reporting [Abstract]

Business Segment Reporting Information

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

						Three Months Ended
						April 3,						March 28,
(In thousands)						2021						2020
Revenue
Flow Control						$	63,754					$	57,149
Industrial Processing						69,154						64,709
Material Handling						39,555						37,269
						$	172,463					$	159,127
Income Before Provision for Income Taxes
Flow Control						$	16,443					$	13,330
Industrial Processing						11,133						9,436
Material Handling						4,443						4,134
Corporate (a)						(8,592)						(7,245)
Total operating income						23,427						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 Processing						1,804						1,464
Material Handling						121						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.

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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=120311839&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=120311839&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=121556970&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 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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