Revenue Recognition Revenue Recognition (Tables)

3 Months Ended

Mar. 28, 2020

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue

The company disaggregates its net sales by reportable operating segment and geographical location as the company believes it best depicts how the nature, timing and uncertainty of its 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 the company's long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes the company's net sales by reportable operating segment and geographical location (in thousands):



	Commercial Foodservice		Food Processing		Residential Kitchen		Total
Three Months Ended March 28, 2020
United States and Canada	$	306,510	$	72,882	$	85,074	$	464,466
Asia	37,524		7,639		978		46,141
Europe and Middle East	79,732		19,347		43,465		142,544
Latin America	19,358		4,398		552		24,308
Total	$	443,124	$	104,266	$	130,069	$	677,459

Three Months Ended March 30, 2019
United States and Canada	$	300,275	$	57,589	$	83,358	$	441,222
Asia	48,293		8,682		1,398		58,373
Europe and Middle East	89,896		20,618		50,615		161,129
Latin America	19,067		5,585		1,426		26,078
Total	$	457,531	$	92,474	$	136,797	$	686,802

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):



	Mar 28, 2020		Dec 28, 2019
Contract assets	$	23,174	$	22,675
Contract liabilities	$	102,564	$	74,511
Non-current contract liabilities	$	12,370	$	12,870