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Business Segment Information (Tables) | 3 Months Ended
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Apr. 04, 2026
Segment Reporting [Abstract] |
Schedule of Reportable Segments | The following tables present financial information for the Company's reportable segments:
Three Months Ended April 4, 2026
(In thousands) |  | Flow Control |  | Industrial Processing |  | Material Handling |  | Total
Revenue |  | $ | 98,608 |  |  | $ | 123,038 |  |  | $ | 59,859 |  |  | $ | 281,505 |
Cost of revenue |  | 46,642 |  |  | 70,747 |  |  | 37,413 |  |  | 154,802 |
Gross Profit |  | 51,966 |  |  | 52,291 |  |  | 22,446 |  |  | 126,703 |
Gross Profit Margin |  | 52.7% |  | 42.5% |  | 37.5% |  | 45.0%
Operating Expenses: |  |  |  |  |  |  |  |
Selling expenses |  | 15,190 |  |  | 13,877 |  |  | 7,092 |  |  | 36,159 |
General and administrative expenses |  | 10,008 |  |  | 11,826 |  |  | 4,765 |  |  | 26,599 |
Research and development expenses |  | 1,395 |  |  | 2,084 |  |  | 577 |  |  | 4,056 |
Intangible asset amortization expense |  | 1,270 |  |  | 4,427 |  |  | 2,688 |  |  | 8,385 |
Other segment items |  | (101) |  |  | 164 |  |  | (142) |  |  | (79) |
Segment Operating Income |  | $ | 24,204 |  |  | $ | 19,913 |  |  | $ | 7,466 |  |  | $ | 51,583 |
Segment Operating Income Margin |  | 24.5% |  | 16.2% |  | 12.5% |  |
Corporate Expenses (a) |  | (11,474) |
Interest Expense, Net (b) |  | (4,133) |
Other Expense, Net (b) |  | (13) |
Income Before Provision for Income Taxes |  | $ | 35,963 |
(In thousands) |  | Flow Control |  | Industrial Processing |  | Material Handling |  | Corporate |  | Total
Other Segment Disclosures |  |  |  |  |  |  |  |  |  |
Depreciation expense (c) |  | $ | 1,927 |  |  | $ | 3,110 |  |  | $ | 1,212 |  |  | $ | 13 |  |  | $ | 6,262 |
Capital expenditures |  | $ | 1,022 |  |  | $ | 863 |  |  | $ | 1,236 |  |  | $ | 137 |  |  | $ | 3,258 |
Three Months Ended March 29, 2025
(In thousands) |  | Flow Control |  | Industrial Processing |  | Material Handling |  | Total
Revenue |  | $ | 92,441 |  |  | $ | 89,524 |  |  | $ | 57,245 |  |  | $ | 239,210 |
Cost of revenue |  | 43,168 |  |  | 50,076 |  |  | 35,636 |  |  | 128,880 |
Gross Profit |  | 49,273 |  |  | 39,448 |  |  | 21,609 |  |  | 110,330 |
Gross Profit Margin |  | 53.3% |  | 44.1% |  | 37.7% |  | 46.1%
Operating Expenses: |  |  |  |  |  |  |  |
Selling expenses |  | 14,779 |  |  | 10,177 |  |  | 6,468 |  |  | 31,424 |
General and administrative expenses |  | 8,813 |  |  | 8,387 |  |  | 4,241 |  |  | 21,441 |
Research and development expenses |  | 1,351 |  |  | 1,606 |  |  | 566 |  |  | 3,523 |
Intangible asset amortization expense |  | 1,493 |  |  | 2,378 |  |  | 2,828 |  |  | 6,699 |
Other segment items |  | 85 |  |  | 68 |  |  | (29) |  |  | 124 |
Segment Operating Income |  | $ | 22,752 |  |  | $ | 16,832 |  |  | $ | 7,535 |  |  | $ | 47,119 |
Segment Operating Income Margin |  | 24.6% |  | 18.8% |  | 13.2% |  |
Corporate Expenses (a) |  | (11,533) |
Interest Expense, Net (b) |  | (3,305) |
Other Expense, Net (b) |  | (16) |
Income Before Provision for Income Taxes |  | $ | 32,265 |
Three Months Ended March 29, 2025 (continued)
(In thousands) |  | Flow Control |  | Industrial Processing |  | Material Handling |  | Corporate |  | Total
Other Segment Disclosures |  |  |  |  |  |  |  |  |  |
Depreciation expense (c) |  | $ | 1,798 |  |  | $ | 2,347 |  |  | $ | 1,158 |  |  | $ | 11 |  |  | $ | 5,314 |
Capital expenditures |  | $ | 1,509 |  |  | $ | 1,325 |  |  | $ | 999 |  |  | $ | 3 |  |  | $ | 3,836 |
|  | April 4, 2026 |  | January 3, 2026
(In thousands) |  |
Total Assets (d) |  |  |  |
Flow Control |  | $ | 459,804 |  |  | $ | 450,911 |
Industrial Processing |  | 824,425 |  |  | 826,062 |
Material Handling |  | 410,957 |  |  | 411,813 |
Corporate (e) |  | 19,466 |  |  | 23,392 |
|  | $ | 1,714,652 |  |  | $ | 1,712,178 |
(a)Primarily consists of general and administrative expenses. (b)The Company does not allocate interest expense, net and other expense, net to its segments. (c)Depreciation expense by reportable segment is included within cost of revenue and selling, general and administrative, and research and development expenses. (d)Excludes intercompany receivables or payables and investment in subsidiary balances as the CODM uses total assets excluding these amounts as the measurement for the Company's segment assets. (e)Corporate assets primarily consist of cash and cash equivalents, tax assets, right-of-use assets, and property, plant, and equipment, net.

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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