KADANT INC
For the period ended Jan 3, 2026. Filed Mar 3, 2026.
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FY2026 · Filed Mar 3, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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(Note 13)
- Accumulated Other Comprehensive Items
Comprehensive income combines net income and other comprehensive items, which represent certain amounts that are reported as components of stockholders' equity in the accompanying consolidated balance sheet.
| Table of Contents | |
|---|---|
| Kadant Inc. | 2025 Financial Statements |
Changes in each component of AOCI, net of tax, are as follows:
| (In thousands) | Foreign Currency Translation Adjustment | Pension and Other Post-Retirement Benefit Liability Adjustments | Total |
|---|---|---|---|
| Balance at December 28, 2024 | $(72,416) | $48 | $(72,368) |
| Other comprehensive items before reclassifications | 37,047 | (17) | 37,030 |
| Reclassifications from AOCI | — | (11) | (11) |
| Net current period other comprehensive items | 37,047 | (28) | 37,019 |
| Balance at January 3, 2026 | $(35,369) | $20 | $(35,349) |
Amounts reclassified out of AOCI are as follows:
| (In thousands) | January 3, 2026 | December 28, 2024 | December 30, 2023 | Statement of Income Line Item |
|---|---|---|---|---|
| Foreign Currency Translation | ||||
| Cumulative translation adjustment (a) | $— | $(658) | $— | Other costs, net |
| Retirement Benefit Plans | ||||
| Recognized actuarial gain (loss), net | 3 | (4) | (9) | Other expense, net |
| Amortization of prior service cost, net | 11 | (8) | (9) | Other expense, net |
| Total benefit (expense) before income taxes | 14 | (12) | (18) | |
| Income tax (benefit) provision | (3) | 4 | 5 | Provision for income taxes |
| $11 | $(8) | $(13) | ||
| Cash Flow Hedges | ||||
| Interest rate swap agreements (b) | $— | $— | $136 | Interest expense |
| Forward currency-exchange contracts | — | (50) | — | SG&A expense |
| Total (expense) income before income taxes | — | (50) | 136 | |
| Income tax benefit (provision) | — | 12 | (37) | Provision for income taxes |
| — | (38) | 99 | ||
| Total Reclassifications | $11 | $(704) | $86 | |
(a)Relates to a loss recognized from a cumulative translation adjustment associated with the liquidation of a small foreign subsidiary within the Flow Control segment.
(b)Relates to the Company's unrealized gains (losses) associated with its $15,000,000 notional value 2018 interest rate swap agreement used to hedge its exposure to movements in USD LIBOR on its U.S. dollar-denominated debt, which matured on June 30, 2023.
- Subsequent Event
On January 29, 2026, the Company entered into a definitive agreement to acquire the shares of voestalpine BÖHLER Profil GmbH & Co KG and voestalpine BÖHLER Profil VerwaltungsGmbH (collectively, voestalpine BÖHLER Profil), a global supplier of tailor-made special profiles with complex geometries and high-performance industrial knives, for approximately 157,000,000 euros in cash, subject to certain customary adjustments. The closing of this acquisition is subject to receipt of certain Austrian regulatory approvals and the satisfaction of customary closing conditions, and will be financed primarily through borrowings under the Company's revolving credit facility. Upon closing, voestalpine BÖHLER Profil will become part of the Company's Industrial Processing segment and its name will change to Kadant Profil GmbH & Co KG.
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