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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Inventory, Current Inventories at December 31, 2022 and January 1, 2022 are as follows (in thousands):
 
 20222021
Raw materials and parts$595,325 $421,361 
Work in process86,083 65,581 
Finished goods396,321 350,476 
 $1,077,729 $837,418 
Property, Plant and Equipment
Property, plant and equipment are carried at cost as follows (in thousands):
 20222021
Land$65,794 $54,477 
Building and improvements306,004 270,812 
Furniture and fixtures59,438 56,706 
Machinery and equipment311,864 265,188 
 743,100 647,183 
Less accumulated depreciation(299,572)(266,203)
 $443,528 $380,980 
Schedule Of Useful Lives For Property Plant Equipment
Following is a summary of the estimated useful lives:
Description Life
Building and improvements 
20 to 40 years
Furniture and fixtures 
3 to 7 years
Machinery and equipment 
3 to 10 years
Schedule of Goodwill
Goodwill is allocated to the business segments as follows (in thousands):
Commercial
Foodservice
Food
Processing
Residential KitchenTotal
Balance as of January 2, 2021$1,228,436 $255,798 $450,027 $1,934,261 
Goodwill acquired during the year63,849 — 266,170 330,019 
Measurement period adjustments to goodwill acquired in prior year2,411 — — 2,411 
Exchange effect(9,609)(5,083)(8,530)(23,222)
Balance as of January 1, 2022$1,285,087 $250,715 $707,667 $2,243,469 
Goodwill acquired during the year30,107 112,254 2,266 144,627 
Measurement period adjustments to goodwill acquired in prior year923 — 75,344 76,267 
Exchange effect(19,623)616 (33,522)(52,529)
Balance as of December 31, 2022$1,296,494 $363,585 $751,755 $2,411,834 
Schedule Of Intangible Assets By Major Class
Intangible assets consist of the following (in thousands):
 December 31, 2022January 1, 2022
Estimated
Weighted Avg
Remaining
Life
Gross
Carrying
Amount
Accumulated
Amortization
Estimated
Weighted Avg
Remaining
Life
Gross
Carrying
Amount
Accumulated
Amortization
Amortized intangible assets:       
Customer relationships7.6$839,811 $(460,885)7.6$863,339 $(411,327)
Backlog0.18,301 (6,352)0.213,684 (929)
Developed technology8.379,763 (35,797)8.973,461 (29,952)
  $927,875 $(503,034) $950,484 $(442,208)
Indefinite-lived intangible assets:      
Trademarks and trade names $1,369,391   $1,367,101  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The estimated future amortization expense of intangible assets is as follows (in thousands):
2023$74,787 
202461,716 
202555,578 
202652,411 
202743,893 
2028 and thereafter136,456 
 $424,841 
Schedule of Accrued Liabilities
Accrued expenses consist of the following at December 31, 2022 and January 1, 2022, respectively (in thousands):
 
 20222021
Contract liabilities$185,824 $133,315 
Accrued payroll and related expenses122,861 115,762 
Accrued warranty82,096 80,215 
Accrued customer rebates70,706 72,451 
Accrued short-term leases25,250 22,753 
Accrued sales and other tax24,044 22,684 
Accrued contingent consideration20,529 18,728 
Accrued professional fees19,541 19,292 
Accrued agent commission17,381 13,670 
Accrued product liability and workers compensation11,326 10,952 
Other accrued expenses91,769 73,033 
 $671,327 $582,855 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the components of accumulated other comprehensive income (loss) as reported in the consolidated balance sheets (in thousands):
 20222021
Unrecognized pension benefit costs, net of tax of $(1,995) and $(39,470)
$(121,701)$(249,696)
Unrealized loss on interest rate swap, net of tax of $16,836 and $(4,501)
48,574 (13,064)
Unrealized gain on certain investments, net of tax of $— and $433
— 1,330 
Currency translation adjustments(205,345)(97,654)
 $(278,472)$(359,084)
 
Changes in accumulated other comprehensive income (loss) (1) were as follows (in thousands):
Currency Translation AdjustmentPension Benefit CostsUnrealized Gain/(Loss) Interest Rate SwapUnrealized Gain/(Loss) Certain InvestmentsTotal
Balance as of January 2, 2021$(49,961)$(400,919)$(37,548)$— $(488,428)
Other comprehensive income before reclassification(47,693)137,187 6,015 1,330 96,839 
Amounts reclassified from accumulated other comprehensive income— 14,036 18,469 — 32,505 
Net current-period other comprehensive income$(47,693)$151,223 $24,484 1,330 $129,344 
Balance as of January 1, 2022$(97,654)$(249,696)$(13,064)$1,330 $(359,084)
Other comprehensive income before reclassification(107,691)117,840 58,135 (1,330)66,954 
Amounts reclassified from accumulated other comprehensive income— 10,155 3,503 — 13,658 
Net current-period other comprehensive income$(107,691)$127,995 $61,638 $(1,330)$80,612 
Balance as of December 31, 2022$(205,345)$(121,701)$48,574 $— $(278,472)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The company’s financial assets and liabilities that are measured at fair value are categorized using the fair value hierarchy at December 31, 2022 and January 1, 2022 are as follows (in thousands):
Fair Value
Level 1
Fair Value
Level 2
Fair Value
Level 3
Total
As of December 31, 2022    
Financial Assets:    
Interest rate swaps$— $64,985 $— $64,985 
Financial Liabilities:    
Contingent consideration$— $— $47,242 $47,242 
Foreign exchange derivative contracts$— $474 $— $474 
As of January 1, 2022    
Financial Assets:
Interest rate swaps$— $3,645 $— $3,645 
Foreign exchange derivative contracts$— $1,095 $— $1,095 
Financial Liabilities:    
Interest rate swaps$— $21,635 $— $21,635 
Contingent consideration$— $— $34,983 $34,983 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table represents changes in the fair value of the contingent consideration liabilities for the fiscal years 2022 and 2021:

December 31, 2022January 1, 2022
Beginning balance$34,983 $25,558 
Payments of contingent consideration(5,103)(528)
New contingent consideration22,299 8,567 
Changes in fair value(4,937)1,386 
Ending balance$47,242 $34,983 
Schedule of Product Warranty Liability
A rollforward of the warranty reserve for the fiscal years 2022 and 2021 are as follows (in thousands):
 20222021
Beginning balance$80,215 $69,667 
Warranty reserve related to acquisitions3,607 5,046 
Warranty expense70,774 68,199 
Warranty claims paid(72,500)(62,697)
Ending balance$82,096 $80,215