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Nature of Operations and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Apr. 04, 2026

Accounting Policies [Abstract]

Schedule of Supplemental Cash Flow Information

Supplemental Cash Flow Information

						Three Months Ended
(In thousands)						April 4, 2026						March 29, 2025
Cash Paid for Interest						$	4,253					$	3,657
Cash Paid for Income Taxes, Net of Refunds						$	9,457					$	11,109
Non-Cash Investing Activities:
Reduction in fair value of assets acquired						$	1,490					$	—
Reduction in fair value of liabilities assumed						$	1,490					$	—
Purchases of property, plant, and equipment in accounts payable						$	1,296					$	463
Non-Cash Financing Activities:
Issuance of Company common stock upon vesting of restricted stock units						$	5,626					$	5,033
Dividends declared but unpaid						$	4,251					$	4,004

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the accompanying condensed consolidated balance sheet that are shown in aggregate in the accompanying condensed consolidated statement of cash flows:

(In thousands)						April 4, 2026						January 3, 2026						March 29, 2025						December 28, 2024
Cash and cash equivalents						$	117,025					$	119,551					$	91,678					$	94,660
Restricted cash						2,792						3,130						2,127						1,286
Total Cash, Cash Equivalents, and Restricted Cash						$	119,817					$	122,681					$	93,805					$	95,946

Schedule of Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the accompanying condensed consolidated balance sheet that are shown in aggregate in the accompanying condensed consolidated statement of cash flows:

(In thousands)						April 4, 2026						January 3, 2026						March 29, 2025						December 28, 2024
Cash and cash equivalents						$	117,025					$	119,551					$	91,678					$	94,660
Restricted cash						2,792						3,130						2,127						1,286
Total Cash, Cash Equivalents, and Restricted Cash						$	119,817					$	122,681					$	93,805					$	95,946

Schedule of Inventories

The components of inventories are as follows:

						April 4, 2026						January 3, 2026
(In thousands)
Raw Materials						$	92,102					$	92,674
Work in Process						51,760						44,455
Finished Goods (includes $5,095 and $3,556 at customer locations)						70,969						69,725
						$	214,831					$	206,854

Schedule of Acquired Intangible Assets

Acquired intangible assets by major asset class are as follows:

(In thousands)						Gross						Accumulated Amortization						Currency Translation						Net
April 4, 2026
Definite-Lived
Customer relationships						$	414,746					$	(154,612)					$	(5,197)					$	254,937
Product technology						96,744						(56,416)						(2,086)						38,242
Tradenames						23,926						(6,439)						(401)						17,086
Other						25,221						(22,535)						(563)						2,123
						560,637						(240,002)						(8,247)						312,388
Indefinite-Lived
Tradenames						29,059						—						(277)						28,782
Acquired Intangible Assets						$	589,696					$	(240,002)					$	(8,524)					$	341,170
January 3, 2026
Definite-Lived
Customer relationships						$	414,629					$	(148,139)					$	(4,483)					$	262,007
Product technology						96,744						(54,929)						(2,076)						39,739
Tradenames						23,926						(6,106)						(366)						17,454
Other						25,221						(22,443)						(574)						2,204
						560,520						(231,617)						(7,499)						321,404
Indefinite-Lived
Tradenames						29,059						—						(87)						28,972
Acquired Intangible Assets						$	589,579					$	(231,617)					$	(7,586)					$	350,376

Schedule of Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill by reportable segment are as follows:

(In thousands)						Flow Control						Industrial Processing						Material Handling						Total
Balance at January 3, 2026
Gross balance						$	139,759					$	306,319					$	195,081					$	641,159
Accumulated impairment losses						—						(85,538)						—						(85,538)
Net balance						139,759						220,781						195,081						555,621
2026 Activity
Measurement period adjustments for 2025 acquisitions						—						(1,566)						—						(1,566)
Currency translation						(1,223)						(1,258)						(486)						(2,967)
Total 2026 activity						(1,223)						(2,824)						(486)						(4,533)
Balance at April 4, 2026
Gross balance						138,536						303,495						194,595						636,626
Accumulated impairment losses						—						(85,538)						—						(85,538)
Net balance						$	138,536					$	217,957					$	194,595					$	551,088

Schedule of Changes in the Carrying Amount of Product Warranty Obligations

The changes in the carrying amount of product warranty obligations are as follows:

						Three Months Ended
(In thousands)						April 4, 2026						March 29, 2025
Balance at Beginning of Year						$	11,848					$	10,664
Provision charged to expense						522						1,009
Usage						(1,854)						(1,728)
Currency translation						(25)						171
Balance at End of Period						$	10,491					$	10,116

Schedule of Revenue Recognition Method and Disaggregation of Revenue by Product Type and Geography

The following table presents revenue by revenue recognition method:

						Three Months Ended
						April 4,						March 29,
(In thousands)						2026						2025
Point in Time						$	266,160					$	217,668
Over Time						15,345						21,542
						$	281,505					$	239,210

The following table presents the disaggregation of revenue by product type and geography:

						Three Months Ended
						April 4,						March 29,
(In thousands)						2026						2025
Revenue by Product Type:
Parts and consumables						$	209,499					$	179,308
Capital						72,006						59,902
						$	281,505					$	239,210
Revenue by Geography (based on customer location):
North America						$	166,563					$	159,870
Europe						62,202						49,341
Asia						30,756						18,702
Rest of world						21,984						11,297
						$	281,505					$	239,210

Schedule of Contract Balances From Contracts With Customers

The following table presents contract balances from contracts with customers:

						April 4, 2026						January 3, 2026
(In thousands)
Contract Assets						$	5,921					$	6,599
Contract Liabilities						$	76,852					$	69,093

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