Business Segment Information (Tables)

3 Months Ended

Mar. 28, 2020

Segment Reporting [Abstract]

Business Segment Reporting Information

The following table presents financial information for the Company's reportable operating segments:

	Three Months Ended
	March 28,		March 30,
(In thousands)	2020		2019
Revenue
Flow Control	$	57,149	$	61,144
Industrial Processing	64,709		72,274
Material Handling	37,269		37,898
	$	159,127	$	171,316

	Three Months Ended
	March 28,			March 30,
(In thousands)	2020			2019
Income Before Provision for Income Taxes
Flow Control	$	13,330		$	12,984
Industrial Processing	9,436			11,854
Material Handling (a)	4,134			731
Corporate (b)	(7,245		)	(6,994		)
Total operating income	19,655			18,575
Interest expense, net (c)	(2,408		)	(3,448		)
Other expense, net (c)	(32		)	(99		)
	$	17,215		$	15,028
Capital Expenditures
Flow Control	$	821		$	471
Industrial Processing	1,464			1,363
Material Handling	398			333
Corporate	3			1
	$	2,686		$	2,168

(a) Includes $4,151,000 of acquisition-related expenses in the three-month period ended March 30, 2019. Acquisition-related expenses include amortization expense associated with acquired profit in inventory and backlog and acquisition transaction costs.

(b) Corporate primarily includes general and administrative expenses.

(c) The Company does not allocate interest and other expense, net to its segments.