Segment Information (Tables)

9 Months Ended

Sep. 28, 2024

Notes To Financial Statements [Abstract]

Net Sales Summary By Segment

Net Sales Summary

(dollars in thousands)

	Three Months Ended								Nine Months Ended
	Sep 28, 2024				Sep 30, 2023				Sep 28, 2024				Sep 30, 2023
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	600,068	63.6	%	$	634,009	64.7	%	$	1,809,790	63.3	%	$	1,893,607	62.5	%
Food Processing	169,523		18.0		166,667		17.0		511,610		17.8		528,918		17.5
Residential Kitchen	173,218		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	%

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 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 expenditures	6,049		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 expenditures	16,338		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 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 (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

(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):

	Sep 28, 2024		Sep 30, 2023
United States and Canada	$	473,941	$	525,347
Asia	40,953		39,294
Europe and Middle East	225,847		154,794
Latin America	10,958		14,351
Total international	$	277,758	$	208,439
	$	751,699	$	733,786