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Revenue Recognition Revenue Recognition
 9 Months Ended
Sep. 30, 2023
Revenue Recognition [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue Recognition
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 ProcessingResidential Kitchen Total
Three Months Ended September 30, 2023   
United States and Canada$458,529 $111,092 $116,522 $686,143 
Asia59,922 6,389 3,371 69,682 
Europe and Middle East91,112 34,250 57,474 182,836 
Latin America24,446 14,936 2,608 41,990 
Total$634,009 $166,667 $179,975 $980,651 
Nine Months Ended September 30, 2023   
United States and Canada$1,385,929 $354,945 $395,236 $2,136,110 
Asia173,901 30,507 8,652 213,060 
Europe and Middle East272,252 101,808 194,631 568,691 
Latin America61,525 41,658 6,985 110,168 
Total$1,893,607 $528,918 $605,504 $3,028,029 
Three Months Ended October 1, 2022
United States and Canada$459,971 $108,449 $145,757 $714,177 
Asia55,243 7,805 11,647 74,695 
Europe and Middle East86,963 24,263 60,200 171,426 
Latin America17,380 11,832 3,361 32,573 
Total$619,557 $152,349 $220,965 $992,871 
Nine Months Ended October 1, 2022
United States and Canada$1,302,591 $297,778 $563,047 $2,163,416 
Asia148,419 15,673 27,724 191,816 
Europe and Middle East267,558 58,931 234,203 560,692 
Latin America47,281 30,863 7,080 85,224 
Total$1,765,849 $403,245 $832,054 $3,001,148 
Contract Balances

Contract assets primarily relate to the company's right to consideration for work completed but not billed at the reporting date and are recorded in prepaid expenses and other in the Condensed Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Accounts receivable are not considered contract assets under the revenue standard as contract assets are conditioned upon the company's future satisfaction of a performance obligation. Accounts receivable, in contracts, are unconditional rights to consideration.

Contract liabilities relate to advance consideration received from customers for which revenue has not been recognized. Current contract liabilities are recorded in accrued expenses in the Condensed Consolidated Balance Sheet. Non-current contract liabilities are recorded in other non-current liabilities in the Condensed Consolidated Balance Sheet. Contract liabilities are reduced when the associated revenue from the contract is recognized.

The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands):
 Sep 30, 2023Dec 31, 2022
Contract assets$59,129 $40,438 
Contract liabilities$141,388 $185,824 
Non-current contract liabilities$15,328 $12,495 

During the nine months period ended September 30, 2023, the company reclassified $32.2 million to receivables, which was included in the contract asset balance at the beginning of the period. During the nine months period ended September 30, 2023, the company recognized revenue of $99.4 million which was included in the contract liability balance at the beginning of the period. Additions to contract liabilities representing amounts billed to clients in excess of revenue recognized to date were $88.3 million during the nine months period ended September 30, 2023. In addition, contract liabilities increased due to the acquisitions during the nine months ended September 30, 2023. Substantially all of the company's outstanding performance obligations will be satisfied within 12 to 36 months. There were no contract asset impairments during the nine months period ended September 30, 2023.