Restructuring (Notes)

3 Months Ended

Mar. 28, 2020

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring

Commercial Foodservice Equipment Group:

During fiscal 2019, the company undertook cost reduction initiatives related to the Commercial Foodservice Equipment Group including headcount reductions and facility consolidations. These actions resulted in an additional charge of $0.5 million in the three months ended March 28, 2020. These expenses are reflected in restructuring expenses in the Condensed Consolidated Statements of Comprehensive Income. The company estimates that these restructuring initiatives, which began in 2019, will result in future cost savings of approximately $10.0 million to $15.0 million annually. At March 28, 2020, the restructuring obligations accrued for these initiatives are immaterial and are expected to be completed by second quarter of fiscal year 2020.

The restructuring expenses for the other segments of the company were not material during the period.