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Business Segment Information (Tables)
 6 Months Ended
Jul. 01, 2023
Segment Reporting [Abstract]  
Business Segment Reporting Information
The following table presents financial information for the Company's reportable operating segments:

Three Months EndedSix Months Ended
July 1,July 2,July 1,July 2,
(In thousands)2023202220232022
Revenue
Flow Control $95,729 $85,220 $185,250 $171,046 
Industrial Processing89,967 84,402 173,509 177,487 
Material Handling 59,357 52,027 116,052 99,596 
$245,053 $221,649 $474,811 $448,129 
Income Before Provision for Income Taxes
    
Flow Control $25,821 $22,707 $50,010 $44,432 
Industrial Processing (a)16,978 15,285 32,945 53,444 
Material Handling (b)10,374 8,701 19,661 14,545 
Corporate (c)(10,095)(9,225)(19,424)(18,980)
Total operating income43,078 37,468 83,192 93,441 
Interest expense, net (d)(1,929)(1,089)(4,000)(2,221)
Other expense, net (d)(21)(19)(42)(41)
$41,128 $36,360 $79,150 $91,179 
Capital Expenditures    
Flow Control$1,290 $1,031 $2,694 $1,556 
Industrial Processing (e) 6,129 5,073 8,708 7,025 
Material Handling1,358 843 1,820 1,227 
Corporate— — 24 7 
$8,777 $6,947 $13,246 $9,815 
(a)Includes other costs of $74,000 in the three and six months ended July 1, 2023 and $182,000 in the six months ended July 2, 2022. 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 in the six months ended July 2. 2022.
(b)Includes a non-cash charge for the write-off of an indemnification asset of $177,000 in the three and six months ended July 1, 2023 and acquisition-related expenses of $717,000 in the six months ended July 2, 2022.
(c)Represents general and administrative expenses.
(d)The Company does not allocate interest and other expense, net to its segments.
(e)Includes capital expenditures of $3,108,000 and $3,287,000 in the three and six months ended July 1, 2023, respectively, and $3,128,000 and $3,242,000 in the three and six months ended July 2, 2022, respectively, related to the China Transaction. See Note 2, Gain on Sale and Other Costs, Net.