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Business Segment Information (Tables)
 3 Months Ended
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 ControlIndustrial ProcessingMaterial HandlingTotal
Revenue$98,608 $123,038 $59,859 $281,505 
Cost of revenue
46,642 70,747 37,413 154,802 
Gross Profit51,966 52,291 22,446 126,703 
Gross Profit Margin52.7%42.5%37.5%45.0%
Operating Expenses:
Selling expenses15,190 13,877 7,092 36,159 
General and administrative expenses10,008 11,826 4,765 26,599 
Research and development expenses
1,395 2,084 577 4,056 
Intangible asset amortization expense1,270 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 ControlIndustrial ProcessingMaterial HandlingCorporateTotal
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 ControlIndustrial ProcessingMaterial HandlingTotal
Revenue$92,441 $89,524 $57,245 $239,210 
Cost of revenue
43,168 50,076 35,636 128,880 
Gross Profit49,273 39,448 21,609 110,330 
Gross Profit Margin53.3%44.1% 37.7%46.1%
Operating Expenses:
Selling expenses14,779 10,177 6,468 31,424 
General and administrative expenses8,813 8,387 4,241 21,441 
Research and development expenses
1,351 1,606 566 3,523 
Intangible asset amortization expense1,493 2,378 2,828 6,699 
Other segment items85 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 ControlIndustrial ProcessingMaterial HandlingCorporateTotal
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.