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Other Costs, Net
 12 Months Ended
Jan. 01, 2022
Restructuring and Related Activities [Abstract]  
Other Costs, Net Other Costs, Net
Restructuring Costs
During 2021, the Company recorded restructuring costs totaling $481,000 within its Flow Control segment, including charges for the write-down of certain machinery and equipment of $226,000 and an ROU asset of $79,000, and severance costs of $176,000 related to the reduction of three employees. These actions were taken to eliminate a redundant ceramic blade manufacturing operation in France that resulted from the Company's acquisition of Clouth in the third quarter of 2021.
During 2020, the Company recorded restructuring costs totaling $1,118,000, representing severance costs of $659,000 for 34 employees within its Flow Control segment, $277,000 for 26 employees in its Industrial Processing segment, and $182,000 for four employees in its Material Handling segment. The Company also reduced its workforce by 21 employees in its Industrial Processing segment with no associated severance costs. The Company took these cost-containment actions to reduce payroll-related overhead and operating costs in response to the slowdown in the global economy, largely driven by the COVID-19 pandemic.
During 2019, the Company experienced a significant decrease in revenue and operating results in its timber-harvesting product line included within its Industrial Processing segment. Given the decline in this business, the Company undertook a restructuring plan in the fourth quarter of 2019 and incurred $192,000 of severance costs associated with the reduction of six employees in Canada.
The Company expects to incur additional restructuring charges in 2022 primarily for severance and facility closure costs related to its 2021 restructuring plan, which are not expected to be significant. The Company does not expect to incur additional charges related to the 2020 and 2019 restructuring plans. Restructuring costs are included in impairment and other costs, net in the accompanying consolidated statement of income.
A summary of the changes in accrued restructuring costs included in other accrued expenses in the accompanying consolidated balance sheet, which are expected to be paid in 2022, are as follows:
(In thousands)Severance
2021 Restructuring Plan
Provision$176 
Usage(19)
Currency translation(1)
Balance at January 1, 2022$156 
2020 Restructuring Plan
Provision$1,118 
Usage(1,052)
Currency translation(5)
Balance at January 2, 202161 
Usage(61)
Balance at January 1, 2022$— 
2019 Restructuring Plan
Provision$192 
Usage(109)
Currency translation1 
Balance at December 28, 201984 
Usage(90)
Currency translation6 
Balance at January 2, 2021$— 

Other Income
Other income consisted of a gain of $515,000 in 2021 related to the sale of a building in Theodore, Alabama, within the Company's Industrial Processing segment for net cash proceeds of $1,634,000. The building was vacated as part of the Company's 2017 restructuring plan to consolidate three of its stock-preparation operations into a single new facility, which was completed in 2018.