Goodwill (Tables)

9 Months Ended

Sep. 28, 2024

Notes To Financial Statements [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill for the nine months ended September 28, 2024 are as follows (in thousands):

	Commercial Foodservice		Food Processing		Residential Kitchen		Total
Balance as of December 30, 2023	$	1,329,056	$	375,217	$	782,037	$	2,486,310
Goodwill acquired during the year	—		831		—		831
Measurement period adjustments to goodwill acquired in prior year	271		57		224		552
Exchange effect	3,149		1,930		14,038		19,117
Balance as of September 28, 2024	$	1,332,476	$	378,035	$	796,299	$	2,506,810

The annual impairment assessment for goodwill and indefinite-lived intangible assets is performed as of the first day of the fourth quarter. The company does not believe there have been any interim indicators of impairment requiring analysis other than at the annual assessment date. This is supported by the review of order rates, backlog levels and financial performance across business segments.