Segment Information (Tables)

9 Months Ended

Oct. 01, 2022

Notes To Financial Statements [Abstract]

Net Sales Summary

(dollars in thousands)


	Three Months Ended								Nine Months Ended
	Oct 1, 2022				Oct 2, 2021				Oct 1, 2022				Oct 2, 2021
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	623,662	62.8	%	$	511,480	62.6	%	$	1,776,994	59.2	%	$	1,501,413	63.0	%
Food Processing	148,244		14.9		112,670		13.8		392,100		13.1		355,172		14.9
Residential Kitchen	220,965		22.3		193,395		23.6		832,054		27.7		527,791		22.1
Total	$	992,871	100.0	%	$	817,545	100.0	%	$	3,001,148	100.0	%	$	2,384,376	100.0	%

Schedule of Segment Reporting Information, by Segment

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


	Commercial Foodservice		Food Processing		Residential Kitchen		Corporate and Other (1)		Total
Three Months Ended October 1, 2022
Net sales	$	623,662	$	148,244	$	220,965	$	—	$	992,871
Income (loss) from operations (2, 3)	143,678		26,982		29,788		(38,743)		161,705
Depreciation expense	5,855		1,558		1,861		205		9,479
Amortization expense (5)	14,283		4,311		1,289		1,778		21,661
Net capital expenditures	10,235		2,959		5,211		376		18,781

Nine Months Ended October 1, 2022
Net sales	$	1,776,994	$	392,100	$	832,054	$	—	$	3,001,148
Income (loss) from operations (2, 3)	390,740		65,642		100,811		(105,697)		451,496
Depreciation expense	17,577		4,182		9,271		578		31,608
Amortization expense (5)	41,644		7,844		20,448		5,373		75,309
Net capital expenditures	23,178		10,108		16,457		1,171		50,914

Total assets	$	3,718,045	$	856,532	$	1,949,883	$	147,401	$	6,671,861

Three Months Ended October 2, 2021
Net sales	$	511,480	$	112,670	$	193,395	$	—	$	817,545
Income (loss) from operations (2, 3, 6)	105,529		21,425		31,322		75,206		233,482
Depreciation expense	5,793		1,353		3,608		122		10,876
Amortization expense (5)	12,822		1,773		3,589		1,570		19,754
Net capital expenditures	6,391		1,106		2,127		797		10,421

Nine Months Ended October 2, 2021
Net sales	$	1,501,413	$	355,172	$	527,791	$	—	$	2,384,376
Income (loss) from operations (2, 3, 4, 6)	311,789		68,048		95,088		16,447		491,372
Depreciation expense	17,579		4,005		9,120		476		31,180
Amortization expense (5)	42,272		5,450		7,145		4,625		59,492
Net capital expenditures	17,599		3,539		7,256		1,338		29,732

Total assets	$	3,498,696	$	640,229	$	1,578,857	$	55,069	$	5,772,851

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

(2)Non-operating expenses are not allocated to the operating 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.

(3)Restructuring expenses are allocated in operating income by segment.

(4)Gain/(loss) on sale of plants are included in Commercial Foodservice and Residential Kitchen.

(5)Includes amortization of deferred financing costs and Convertible Notes issuance costs.

(6)Termination fee from Welbilt merger is included in Corporate and Other.

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):


	Oct 1, 2022		Oct 2, 2021
United States and Canada	$	470,952	$	353,928

Asia	33,432		18,148
Europe and Middle East	135,341		204,192
Latin America	12,377		8,063
Total international	$	181,150	$	230,403
	$	652,102	$	584,331