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Business Segment Information
 3 Months Ended
Apr. 01, 2023
Segment Reporting [Abstract]  
Business Segment Information Business Segment InformationThe Company has 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 vibratory, 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 1,April 2,
(In thousands)20232022
Revenue
Flow Control $89,521 $85,826 
Industrial Processing83,542 93,085 
Material Handling 56,695 47,569 
$229,758 $226,480 
Income Before Provision for Income Taxes
  
Flow Control$24,189 $21,725 
Industrial Processing (a)15,967 38,159 
Material Handling (b)9,287 5,844 
Corporate (c)(9,329)(9,755)
Total operating income40,114 55,973 
Interest expense, net (d)(2,071)(1,132)
Other expense, net (d)(21)(22)
$38,022 $54,819 
Capital Expenditures  
Flow Control$1,404 $525 
Industrial Processing 2,579 1,952 
Material Handling462 384 
Corporate24 7 
$4,469 $2,868 
(a)Includes a gain on the sale of a facility of $20,190,000 (see Note 2, Gain on Sale and Other Costs, Net) and non-cash charges for the write-off of an indemnification asset of $575,000 and the write-down of machinery and equipment of $182,000 in the three months ended April 2, 2022.
(b)Includes acquisition-related expenses of $717,000 in the three months ended April 2, 2022.
(c)Represents general and administrative expenses.
(d)The Company does not allocate interest and other expense, net to its segments.