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Business Segment Information
 6 Months Ended
Jul. 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 EndedSix Months Ended
July 3,June 27,July 3,June 27,
(In thousands)2021202020212020
Revenue
Flow Control$70,762 $51,365 $134,516 $108,514 
Industrial Processing82,681 65,673 151,835 130,382 
Material Handling42,368 35,822 81,923 73,091 
$195,811 $152,860 $368,274 $311,987 
Income Before Provision for Income Taxes
    
Flow Control (a)$19,324 $10,260 $34,770 $23,590 
Industrial Processing (b)17,301 10,639 28,434 20,075 
Material Handling5,592 3,593 10,035 7,727 
Corporate (c)(9,207)(6,371)(16,802)(13,616)
Total operating income33,010 18,121 56,437 37,776 
Interest expense, net (d)(1,010)(1,894)(2,056)(4,302)
Other expense, net (d)(24)(31)(48)(63)
$31,976 $16,196 $54,333 $33,411 
Capital Expenditures    
Flow Control$368 $337 $702 $1,158 
Industrial Processing1,191 211 2,995 1,675 
Material Handling495 283 616 681 
Corporate5 80 5 83 
$2,059 $911 $4,318 $3,597 
(a) Includes acquisition costs of $239,000 in the three months ended July 3, 2021 and $1,236,000 in the six months ended July 3, 2021 and restructuring costs of $456,000 in the three- and six-month periods ended June 27, 2020.
(b) Includes $435,000 of acquisition-related expense in the three- and six-month periods ended June 27, 2020. Acquisition-related expenses include amortization expense associated with backlog and acquisition costs.
(c) Represents general and administrative expenses.
(d) The Company does not allocate interest and other expense, net to its segments.