Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Schedule of Inventory, Current

Inventories at December 31, 2016 and January 2, 2016 are as follows:

	2016		2015
	(dollars in thousands)
Raw materials and parts	$	154,647	$	139,117
Work in process	35,975		34,771
Finished goods	177,621		180,262
	$	368,243	$	354,150

Property, Plant and Equipment

Property, plant and equipment are carried at cost as follows:

	2016			2015
	(dollars in thousands)
Land	$	21,309		$	18,401
Building and improvements	134,158			108,210
Furniture and fixtures	56,851			52,738
Machinery and equipment	128,688			120,746
	341,006			300,095
Less accumulated depreciation	(119,435		)	(100,345		)
	$	221,571		$	199,750

Schedule Of Useful Lives For Property Plant Equipment

Following is a summary of the estimated useful lives:

Description	Life
Building and improvements	20 to 40 years
Furniture and fixtures	3 to 7 years
Machinery and equipment	3 to 10 years

Schedule of Goodwill

Goodwill is allocated to the business segments as follows (in thousands):

	Commercial Foodservice			Food Processing			Residential Kitchen			Total
Balance as of January 3, 2015	$	450,890		$	134,512		$	223,089		$	808,491
Goodwill acquired during the year	29,032			2,987			166,774			198,793
Measurement period adjustments to goodwill acquired in prior year	(1,126		)	63			(8,000		)	(9,063		)
Exchange effect	(5,669		)	(3,470		)	(5,743		)	(14,882		)
Balance as of January 2, 2016	$	473,127		$	134,092		$	376,120		$	983,339
Goodwill acquired during the year	76,972			1,958			—			78,930
Measurement period adjustments to goodwill acquired in prior year	(503		)	—			86,822			86,319
Exchange effect	(7,506		)	(1,370		)	(46,990		)	(55,866		)
Balance as of December 31, 2016	$	542,090		$	134,680		$	415,952		$	1,092,722

Schedule Of Intangible Assets By Major Class

Intangible assets consist of the following (in thousands):

	December 31, 2016						January 2, 2016
	Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization			Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Customer lists	5.5	$	251,025	$	(136,895	)	6.1	$	264,373	$	(109,096	)
Backlog	0.0	13,550		(13,550		)	0.3	13,763		(12,963		)
Developed technology	4.8	24,874		(17,924		)	3.8	20,868		(17,220		)
		$	289,449	$	(168,369	)		$	299,004	$	(139,279	)
Indefinite-lived assets:
Trademarks and tradenames		$	575,091					$	589,705

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated future amortization expense of intangible assets is as follows (in thousands):

2017	$	27,802
2018	26,485
2019	18,537
2020	17,671
2021	18,169
Thereafter	12,416
	$	121,080

Schedule of Accrued Liabilities

Accrued expenses consist of the following at December 31, 2016 and January 2, 2016, respectively:

	2016		2015
	(dollars in thousands)
Accrued payroll and related expenses	$	74,505	$	49,082
Accrued customer rebates	49,923		45,154
Advanced customer deposits	41,735		57,595
Accrued warranty	40,851		37,901
Accrued professional fees	16,605		7,019
Accrued sales and other tax	13,565		13,537
Accrued agent commission	12,834		9,948
Accrued product liability and workers compensation	11,417		11,635
Product recall	7,003		7,786
Restructuring	2,295		20,423
Other accrued expenses	64,872		60,148
	$	335,605	$	320,228

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the components of accumulated other comprehensive income (loss) as reported in the consolidated balance sheets:

	2016			2015
	(dollars in thousands)
Unrecognized pension benefit costs, net of tax of ($38,004) and ($7,287)	$	(173,394	)	$	(23,579	)
Unrealized loss on interest rate swap, net of tax of $3,655 and $6	5,482			9
Currency translation adjustments	(116,411		)	(52,842		)
	$	(284,323	)	$	(76,412	)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The company’s financial assets and liabilities that are measured at fair value are categorized using the fair value hierarchy at December 31, 2016 and January 2, 2016 are as follows (in thousands):

	Fair Value Level 1		Fair Value Level 2		Fair Value Level 3		Total
As of December 31, 2016
Financial Assets:
Interest rate swaps	$	—	$	8,842	$	—	$	8,842
Financial Liabilities:
Interest rate swaps	$	—	$	100	$	—	$	100
Contingent consideration	$	—	$	—	$	6,612	$	6,612
As of January 2, 2016
Financial Liabilities:
Interest rate swaps	$	—	$	412	$	—	$	412
Contingent consideration	$	—	$	—	$	11,065	$	11,065

Schedule of Product Warranty Liability

A rollforward of the warranty reserve for the fiscal years 2016 and 2015 are as follows:

	2016			2015
	(dollars in thousands)
Beginning balance	$	37,901		$	28,786
Warranty reserve related to acquisitions	2,446			5,815
Warranty expense	48,975			45,994
Warranty claims paid	(48,471		)	(42,694		)
Ending balance	$	40,851		$	37,901