Segment Information (Tables)

6 Months Ended

Jul. 01, 2023

Notes To Financial Statements [Abstract]

Net Sales Summary

(dollars in thousands)


	Three Months Ended								Six Months Ended
	Jul 1, 2023				Jul 2, 2022				Jul 1, 2023				Jul 2, 2022
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	645,663	62.1	%	$	606,274	59.8	%	$	1,259,598	61.5	%	$	1,146,292	57.1	%
Food Processing	188,748		18.1		127,318		12.6		362,251		17.7		250,896		12.5
Residential Kitchen	205,571		19.8		280,009		27.6		425,529		20.8		611,089		30.4
Total	$	1,039,982	100.0	%	$	1,013,601	100.0	%	$	2,047,378	100.0	%	$	2,008,277	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 July 1, 2023
Net sales	$	645,663	$	188,748	$	205,571	$	—	$	1,039,982
Income (loss) from operations (2, 3)	156,969		39,324		19,096		(30,618)		184,771
Depreciation expense (4)	7,011		1,889		3,319		304		12,523
Amortization expense (5)	14,138		132		2,250		1,787		18,307
Net capital expenditures	10,843		2,869		7,540		1,578		22,830

Six Months Ended July 1, 2023
Net sales	$	1,259,598	$	362,251	$	425,529	$	—	$	2,047,378
Income (loss) from operations (2, 3)	293,531		74,011		40,282		(62,031)		345,793
Depreciation expense (4)	13,177		3,986		6,766		571		24,500
Amortization expense (5)	28,946		4,269		4,488		3,574		41,277
Net capital expenditures	27,749		5,072		13,754		1,740		48,315

Total assets	$	3,828,055	$	1,034,594	$	1,974,752	$	147,357	$	6,984,758

Three Months Ended July 2, 2022
Net sales	$	606,274	$	127,318	$	280,009	$	—	$	1,013,601
Income (loss) from operations (2, 3)	137,584		18,308		46,077		(34,742)		167,227
Depreciation expense (4)	5,817		1,332		3,425		183		10,757
Amortization expense (5)	13,553		1,905		1,030		1,790		18,278
Net capital expenditures	7,373		4,068		5,705		490		17,636

Six Months Ended July 2, 2022
Net sales	$	1,146,292	$	250,896	$	611,089	$	—	$	2,008,277
Income (loss) from operations (2, 3)	247,219		38,503		71,023		(66,954)		289,791
Depreciation expense (4)	11,656		2,690		7,410		373		22,129
Amortization expense (5)	27,044		3,850		19,159		3,595		53,648
Net capital expenditures	12,930		7,162		11,246		795		32,133

Total assets	$	3,719,217	$	698,818	$	2,042,631	$	118,707	$	6,579,373

(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)Includes depreciation on right of use assets.

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

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):


	Jul 1, 2023		Jul 2, 2022
United States and Canada	$	497,064	$	430,665

Asia	38,105		35,424
Europe and Middle East	156,780		140,716
Latin America	13,968		11,152
Total international	$	208,853	$	187,292
	$	705,917	$	617,957