Revenue Recognition (Tables)

9 Months Ended

Sep. 28, 2019

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue

We disaggregate our net sales by reportable operating segment and geographical location as we believe it best depicts how the nature, timing and uncertainty of our net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under our long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes our net sales by reportable operating segment and geographical location (in thousands):



	Commercial Foodservice		Food Processing		Residential Kitchen		Total
Three Months Ended September 28, 2019
United States and Canada	$	346,616	$	57,255	$	86,859	$	490,730
Asia	53,463		5,100		1,490		60,053
Europe and Middle East	82,244		21,125		44,395		147,764
Latin America	18,667		5,667		1,133		25,467
Total	$	500,990	$	89,147	$	133,877	$	724,014

Nine Months Ended September 28, 2019
United States and Canada	$	1,004,609	$	172,944	$	270,689	$	1,448,242
Asia	153,787		21,836		4,355		179,978
Europe and Middle East	258,102		67,624		142,016		467,742
Latin America	55,302		17,070		3,486		75,858
Total	$	1,471,800	$	279,474	$	420,546	$	2,171,820

Three Months Ended September 29, 2018
United States and Canada	$	318,962	$	57,235	$	98,136	$	474,333
Asia	50,996		6,464		1,653		59,113
Europe and Middle East	83,763		19,194		51,936		154,893
Latin America	17,877		5,364		1,751		24,992
Total	$	471,598	$	88,257	$	153,476	$	713,331

Nine Months Ended September 29, 2018
United States and Canada	$	863,598	$	183,476	$	280,116	$	1,327,190
Asia	117,987		23,899		5,232		147,118
Europe and Middle East	225,726		44,729		160,810		431,265
Latin America	38,308		18,374		4,004		60,686
Total	$	1,245,619	$	270,478	$	450,162	$	1,966,259

Contract with Customer, Asset and Liability [Table Text Block]

The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands):



	Sep 28, 2019		Dec 29, 2018
Contract assets	$	19,342	$	14,048
Contract liabilities	$	71,394	$	57,913
Non-current contract liabilities	$	13,017	$	12,170