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Segment Information
 9 Months Ended
Sep. 28, 2024
Notes To Financial Statements [Abstract]  
Segment Information Segment Information
The company operates in three reportable operating segments defined by management reporting structure and operating activities.
 
The Commercial Foodservice Equipment Group has a broad portfolio of foodservice equipment, which enables it to serve virtually any cooking, warming, holding, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation. This equipment is used across all types of foodservice operations, including quick-service restaurants, full-service restaurants, ghost kitchens, convenience stores, supermarkets, retail outlets, hotels and other institutions. The products offered by this group include conveyor ovens, combi-ovens, convection ovens, baking ovens, proofing ovens, deck ovens, speed cooking ovens, hydrovection ovens, ranges, fryers, rethermalizers, steam cooking equipment, food warming equipment, catering equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, coldrooms, ice machines, freezers, soft serve ice cream equipment, coffee and beverage dispensing equipment, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, IoT solutions and controls development and manufacturing.
 
The Food Processing Equipment Group offers a broad portfolio of processing solutions for customers producing protein products, such as bacon, salami, hot dogs, dinner sausages, poultry and lunchmeats and baked goods such as muffins, cookies, crackers, pies, bread and buns. Through its broad line of products, the company is able to deliver a wide array of food preparation, thermal processing, slicing/packaging, facility automation and equipment sanitation solutions to service a variety of food processing requirements demanded by its customers. The company can offer highly integrated full processing line solutions that provide a food processing operation a uniquely integrated solution providing for the highest level of food quality, product consistency, and reduced operating costs resulting from increased product yields, increased capacity and greater throughput and reduced labor costs through automation. The products offered by this group include a wide array of cooking and baking solutions, including batch ovens, baking ovens, proofing ovens, conveyor belt ovens, continuous processing ovens, frying systems and automated thermal processing systems. The company also provides a comprehensive portfolio of complementary food preparation equipment such as tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, blenders, battering equipment, breading equipment, seeding equipment, water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment, as well as a variety of automated loading and unloading systems, automated washing systems, auto-guided vehicles, food safety, food handling, freezing, defrosting and packaging equipment. This portfolio of equipment can be integrated to provide customers a highly efficient and customized solution.

The Residential Kitchen Equipment Group has a broad portfolio of innovative and professional-style residential kitchen equipment. The products offered by this group include ranges, cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, beer dispensers, ventilation equipment, mixers, rotisseries and outdoor cooking equipment.
The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The chief operating decision maker evaluates individual segment performance based on operating income.
Net Sales Summary
(dollars in thousands)
 Three Months EndedNine Months Ended
 Sep 28, 2024Sep 30, 2023Sep 28, 2024Sep 30, 2023
 SalesPercentSalesPercentSalesPercentSalesPercent
Business Segments:    
Commercial Foodservice$600,068 63.6 %$634,009 64.7 %$1,809,790 63.3 %$1,893,607 62.5 %
Food Processing169,523 18.0 166,667 17.0 511,610 17.8 528,918 17.5 
Residential Kitchen173,218 18.4 179,975 18.3 539,881 18.9 605,504 20.0 
    Total$942,809 100.0 %$980,651 100.0 %$2,861,281 100.0 %$3,028,029 100.0 %
The following table summarizes the results of operations for the company's business segments(1) (dollars in thousands):
 Commercial
 Foodservice		Food ProcessingResidential Kitchen
Corporate
and Other(2)
Total
Three Months Ended September 28, 2024    
Net sales$600,068 $169,523 $173,218 $— $942,809 
Income (loss) from operations (3)
146,088 37,497 13,170 (23,316)173,439 
Depreciation expense (4)
7,115 2,504 3,906 450 13,975 
Amortization expense (5)
11,479 1,736 1,814 1,776 16,805 
Net capital expenditures6,049 3,585 1,809 46 11,489 
Nine Months Ended September 28, 2024
Net sales$1,809,790 $511,610 $539,881 $— $2,861,281 
Income (loss) from operations (3)
429,459 110,333 27,840 (81,352)486,280 
Depreciation expense (4)
21,043 6,811 11,680 1,295 40,829 
Amortization expense (5)
37,801 5,451 5,415 5,341 54,008 
Net capital expenditures16,338 7,941 10,828 1,062 36,169 
Total assets$3,703,812 $999,337 $1,963,444 $534,488 $7,201,081 
Three Months Ended September 30, 2023    
Net sales$634,009 $166,667 $179,975 $— $980,651 
Income (loss) from operations (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 expenditures7,056 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 (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 expenditures34,805 11,744 20,579 2,517 69,645 
Total assets$3,775,421 $1,030,366 $1,976,071 $140,750 $6,922,608 

(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.
Geographic Information
Long-lived assets, not including goodwill and other intangibles (in thousands):
 Sep 28, 2024Sep 30, 2023
United States and Canada$473,941 $525,347 
Asia40,953 39,294 
Europe and Middle East225,847 154,794 
Latin America10,958 14,351 
Total international$277,758 $208,439 
 $751,699 $733,786