Segment Information (Tables)

6 Months Ended

Jun. 29, 2024

Notes To Financial Statements [Abstract]

Net Sales Summary By Segment

Net Sales Summary

(dollars in thousands)

	Three Months Ended								Six Months Ended
	Jun 29, 2024				Jul 1, 2023				Jun 29, 2024				Jul 1, 2023
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	619,379	62.5	%	$	645,663	62.1	%	$	1,209,723	63.1	%	$	1,259,598	61.5	%
Food Processing	179,404		18.1		188,748		18.1		342,087		17.8		362,251		17.7
Residential Kitchen	192,763		19.4		205,571		19.8		366,662		19.1		425,529		20.8
Total	$	991,546	100.0	%	$	1,039,982	100.0	%	$	1,918,472	100.0	%	$	2,047,378	100.0	%

Schedule of Segment Reporting Information, by Segment

The following table summarizes the results of operations for the company's business segments(1) (dollars in thousands):

	Commercial  Foodservice		Food Processing		Residential Kitchen		Corporate and Other(2)		Total
Three Months Ended June 29, 2024
Net sales	$	619,379	$	179,404	$	192,763	$	—	$	991,546
Income (loss) from operations (3)	151,713		40,484		10,132		(26,621)		175,708
Depreciation expense (4)	6,906		2,276		3,969		430		13,581
Amortization expense (5)	12,729		1,760		1,799		1,778		18,066
Net capital expenditures	4,206		2,538		3,760		433		10,937
Six Months Ended June 29, 2024
Net sales	$	1,209,723	$	342,087	$	366,662	$	—	$	1,918,472
Income (loss) from operations (3)	283,371		72,837		14,669		(58,036)		312,841
Depreciation expense (4)	13,928		4,306		7,774		846		26,854
Amortization expense (5)	26,323		3,714		3,601		3,564		37,202
Net capital expenditures	10,289		4,356		9,019		1,016		24,680
Total assets	$	3,709,686	$	980,867	$	1,939,941	$	395,289	$	7,025,783
Three Months Ended July 1, 2023
Net sales	$	645,663	$	188,748	$	205,571	$	—	$	1,039,982
Income (loss) from operations (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 (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

(1)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.

(2)Includes corporate and other general company assets and 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):

	Jun 29, 2024		Jul 1, 2023
United States and Canada	$	497,504	$	497,064
Asia	39,772		38,105
Europe and Middle East	210,869		156,780
Latin America	11,613		13,968
Total international	$	262,254	$	208,853
	$	759,758	$	705,917