Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Notes To Financial Statements [Abstract]

Net Sales Summary

(dollars in thousands)


	Three Months Ended								Nine Months Ended
	Sep 30, 2023				Oct 1, 2022				Sep 30, 2023				Oct 1, 2022
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	634,009	64.7	%	$	619,557	62.4	%	$	1,893,607	62.5	%	$	1,765,849	58.8	%
Food Processing	166,667		17.0		152,349		15.3		528,918		17.5		403,245		13.5
Residential Kitchen	179,975		18.3		220,965		22.3		605,504		20.0		832,054		27.7
Total	$	980,651	100.0	%	$	992,871	100.0	%	$	3,028,029	100.0	%	$	3,001,148	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 September 30, 2023
Net sales	$	634,009	$	166,667	$	179,975	$	—	$	980,651
Income (loss) from operations (2, 3)	158,582		37,472		10,915		(32,528)		174,441
Depreciation expense (4)	6,957		1,924		3,304		403		12,588
Amortization expense (5)	13,959		2,677		2,280		1,777		20,693
Net capital expenditures	7,056		6,672		6,825		777		21,330

Nine Months Ended September 30, 2023
Net sales	$	1,893,607	$	528,918	$	605,504	$	—	$	3,028,029
Income (loss) from operations (2, 3)	452,113		111,483		51,197		(94,559)		520,234
Depreciation expense (4)	20,134		5,910		10,070		974		37,088
Amortization expense (5)	42,905		6,946		6,768		5,351		61,970
Net capital expenditures	34,805		11,744		20,579		2,517		69,645

Total assets	$	3,775,421	$	1,030,366	$	1,976,071	$	140,750	$	6,922,608

Three Months Ended October 1, 2022
Net sales	$	619,557	$	152,349	$	220,965	$	—	$	992,871
Income (loss) from operations (2, 3)	142,999		27,661		29,788		(38,743)		161,705
Depreciation expense (4)	5,822		1,591		1,861		205		9,479
Amortization expense (5)	14,124		4,470		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	$	1,765,849	$	403,245	$	832,054	$	—	$	3,001,148
Income (loss) from operations (2, 3)	390,218		66,164		100,811		(105,697)		451,496
Depreciation expense (4)	17,478		4,281		9,271		578		31,608
Amortization expense (5)	41,169		8,319		20,448		5,373		75,309
Net capital expenditures	23,165		10,121		16,457		1,171		50,914

Total assets	$	3,716,686	$	857,891	$	1,949,883	$	147,401	$	6,671,861

(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):


	Sep 30, 2023		Oct 1, 2022
United States and Canada	$	525,347	$	470,952

Asia	39,294		33,432
Europe and Middle East	154,794		135,341
Latin America	14,351		12,377
Total international	$	208,439	$	181,150
	$	733,786	$	652,102