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Business Segment Information (Tables)
 6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Business Segment Reporting Information
The following tables present financial information for the Company's reportable operating segments and includes the results from the 2024 acquisitions from the date of acquisition. See Note 2, Acquisitions, for further details.

Three Months EndedSix Months Ended
June 29,July 1,June 29,July 1,
(In thousands)2024202320242023
Revenue
Flow Control $92,290 $95,729 $178,972 $185,250 
Industrial Processing
114,753 89,967 220,614 173,509 
Material Handling 67,722 59,357 124,154 116,052 
$274,765 $245,053 $523,740 $474,811 
Income Before Provision for Income Taxes
    
Flow Control (a)
$23,530 $25,821 $45,240 $50,010 
Industrial Processing (b)
24,092 16,978 44,091 32,945 
Material Handling (c)
11,188 10,374 16,729 19,661 
Corporate (d)
(10,409)(10,095)(20,732)(19,424)
Total operating income48,401 43,078 85,328 83,192 
Interest expense, net (e)
(4,833)(1,929)(8,891)(4,000)
Other expense, net (e)
(2)(21)(32)(42)
$43,566 $41,128 $76,405 $79,150 
Capital Expenditures    
Flow Control$1,961 $1,290 $3,835 $2,694 
Industrial Processing
1,851 6,129 4,734 8,708 
Material Handling
1,157 1,358 2,663 1,820 
Corporate5 — 13 24 
$4,974 $8,777 $11,245 $13,246 
June 29,
December 30,
(In thousands)20242023
Total Assets
Flow Control$438,402 $391,719 
Industrial Processing
590,771 443,189 
Material Handling
413,860 326,226 
Corporate12,999 14,531 
$1,456,032 $1,175,665 
(a)Includes acquisition-related costs of $1,054,000 in the three and six months ended June 29, 2024. Acquisition-related expenses include acquisition costs and amortization expense associated with acquired profit in inventory and backlog.
(b)Includes acquisition-related costs of $383,000 in the three months ended June 29, 2024 and $2,273,000 in the six months ended June 29, 2024.
(c)Includes acquisition-related costs of $727,000 in the three months ended June 29, 2024 and $3,091,000 in the six months ended June 29, 2024.
(d)Represents general and administrative expenses.
(e)The Company does not allocate interest expense, net and other expense, net to its segments.