Segment Information (Tables)

12 Months Ended

Jan. 02, 2021

Schedule of Segment Reporting Information, by Segment

The following table summarizes the results of operations for the company’s business segments(1) (dollars in thousands):


	Commercial Foodservice		Food Processing		Residential Kitchen		Corporate and Other(2)		Total
2020
Net sales	$	1,510,279	$	437,272	$	565,706	$	—	$	2,513,257
Operating income (3,4)	239,625		78,008		67,046		(60,248)		324,431
Depreciation expense	21,768		5,507		11,691		120		39,086
Amortization expense (5)	51,985		7,319		9,657		2,485		71,446
Net capital expenditures	25,463		3,427		4,801		1,158		34,849
Total assets	3,249,441		617,171		1,221,229		114,633		5,202,474
Long-lived assets (6)	279,481		55,069		192,940		19,849		547,339

2019
Net sales	$	1,984,345	$	400,951	$	574,150	$	—	$	2,959,446
Operating income (3,4)	429,946		68,935		89,312		(74,150)		514,043
Depreciation expense	21,054		4,944		11,742		112		37,852
Amortization expense (5)	45,906		8,162		9,896		1,612		65,576
Net capital expenditures	29,353		6,683		9,168		1,405		46,609
Total assets	3,188,304		621,619		1,157,211		35,009		5,002,143
Long-lived assets (6)	261,466		57,403		176,834		4,116		499,819

2018
Net sales	$	1,729,814	$	389,594	$	603,523	$	—	$	2,722,931
Operating income (3)	393,380		62,435		53,959		(63,808)		445,966
Depreciation expense	17,374		5,207		12,838		363		35,782
Amortization expense (5)	35,224		7,527		17,226		1,479		61,456
Net capital expenditures	17,444		7,373		11,721		(498)		36,040
Total assets	2,906,373		513,189		1,089,103		41,116		4,549,781
Long-lived assets (6)	181,636		33,127		146,897		22,328		383,988

(1)Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.

(2)Includes corporate and other general company assets and operations.

(3)Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 13 for further details.

(4)Gain on litigation settlement is included in Residential Kitchen and gain on sale of plant is included in Commercial Foodservice.

(5)Includes amortization of deferred financing costs.

(6)Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets.

Schedule of Entity-Wide Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country

Long-lived assets, not including goodwill and other intangibles (in thousands):


	2020		2019		2018
United States and Canada	$	331,688	$	305,207	$	262,482

Asia	28,018		22,312		12,136
Europe and Middle East	181,242		165,781		108,001
Latin America	6,391		6,519		1,369
Total International	215,651		194,612		121,506

	$	547,339	$	499,819	$	383,988