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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 28, 2024
Accounting Policies [Abstract]  
Schedule of Inventory, Current Inventories at December 28, 2024 and December 30, 2023 are as follows (in thousands):
 
 20242023
Raw materials and parts$453,273 $495,488 
Work-in-process76,601 80,102 
Finished goods311,693 360,277 
$841,567 $935,867 
Property, Plant and Equipment
Property, plant and equipment are carried at cost as follows (in thousands):
 20242023
Land$74,163 $73,060 
Building and improvements372,845 346,527 
Furniture and fixtures69,556 69,438 
Machinery and equipment386,809 361,401 
 903,373 850,426 
Less accumulated depreciation(377,408)(339,528)
 $525,965 $510,898 
Schedule Of Useful Lives For Property Plant Equipment ollowing is a summary of the estimated useful lives:
Description Life
Building and improvements 
20 to 40 years
Furniture and fixtures 
3 to 7 years
Machinery and equipment 
3 to 10 years
Schedule of Goodwill
Goodwill is allocated to the business segments as follows (in thousands):
Commercial
Foodservice		Food
Processing		Residential KitchenTotal
Balance as of December 31, 2022$1,309,776 $350,303 $751,755 $2,411,834 
Goodwill acquired during the year9,640 17,922 13,586 41,148 
Measurement period adjustments to goodwill acquired in prior year4,825 1,540 — 6,365 
Exchange effect4,815 5,452 16,696 26,963 
Balance as of December 30, 2023$1,329,056 $375,217 $782,037 $2,486,310 
Goodwill acquired during the year14,187 46,745 — 60,932 
Measurement period adjustments to goodwill acquired in prior year271 57 224 552 
Exchange effect(11,683)(9,604)(8,285)(29,572)
Balance as of December 28, 2024$1,331,831 $412,415 $773,976 $2,518,222 
Schedule Of Intangible Assets By Major Class
Intangible assets consist of the following (in thousands):
December 28, 2024December 30, 2023
Estimated Weighted Avg Remaining LifeGross Carrying AmountAccumulated AmortizationEstimated Weighted Avg Remaining LifeGross Carrying AmountAccumulated Amortization
Amortized intangible assets: 
Customer lists6.4$850,540 $(581,301)7.0$845,326 $(529,533)
Backlog0.32,192 (804)0.0— — 
Developed technology7.498,921 (51,737)8.398,593 (44,546)
$951,653 $(633,842)$943,919 $(574,079)
Indefinite-lived assets:
Trademarks and tradenames$1,293,226 $1,323,236 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The estimated future amortization expense of intangible assets is as follows (in thousands):
2025$60,165 
202655,638 
202747,122 
202840,829 
202935,856 
Thereafter78,201 
$317,811 
Schedule of Accrued Liabilities
Accrued expenses consist of the following at December 28, 2024 and December 30, 2023, respectively (in thousands):
 
 20242023
Contract liabilities$120,503 $118,681 
Accrued payroll and related expenses107,061 121,514 
Accrued warranty98,306 89,039 
Accrued customer rebates54,558 59,267 
Accrued short-term leases27,938 26,417 
Accrued contingent consideration25,748 17,791 
Accrued sales and other tax20,626 24,568 
Accrued agent commission16,730 16,956 
Accrued professional fees13,973 18,461 
Accrued product liability and workers compensation10,386 11,169 
Other accrued expenses80,636 75,329 
$576,465 $579,192 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the components of accumulated other comprehensive income (loss) as reported in the consolidated balance sheets (in thousands):
 20242023
Unrecognized pension benefit costs, net of tax of $13,866 and $3,998
$(78,534)$(109,713)
Unrealized gain on interest rate swap, net of tax of $7,978 and $11,198
22,399 32,005 
Currency translation adjustments(213,255)(145,490)
 $(269,390)$(223,198)
 
Changes in accumulated other comprehensive income (loss) (1) were as follows (in thousands):
 Currency Translation AdjustmentPension Benefit CostsUnrealized Gain/(Loss) Interest Rate SwapTotal
Balance as of December 31, 2022$(205,345)$(121,701)$48,574 $(278,472)
Other comprehensive income before reclassification$59,855 $11,392 $15,652 $86,899 
Amounts reclassified from accumulated other comprehensive income$— $596 $(32,221)$(31,625)
Net current-period other comprehensive income$59,855 $11,988 $(16,569)$55,274 
Balance as of December 30, 2023$(145,490)$(109,713)$32,005 $(223,198)
Other comprehensive income before reclassification(67,765)28,585 17,598 (21,582)
Amounts reclassified from accumulated other comprehensive income— 2,594 (27,204)(24,610)
Net current-period other comprehensive income$(67,765)$31,179 $(9,606)$(46,192)
Balance as of December 28, 2024$(213,255)$(78,534)$22,399 $(269,390)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Schedule of Product Warranty Liability
A rollforward of the warranty reserve for the fiscal years 2024 and 2023 is as follows (in thousands):
 20242023
Beginning balance$89,039 $82,096 
Warranty reserve related to acquisitions420 595 
Warranty expense100,236 89,122 
Warranty claims paid(91,389)(82,774)
Ending balance$98,306 $89,039 
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings
The following table represents changes in the fair value of the contingent consideration liabilities for the fiscal years 2024 and 2023:

December 28, 2024December 30, 2023
Beginning balance$51,538 $47,242 
Payments of contingent consideration(4,141)(6,871)
New contingent consideration8,681 15,534 
Changes in fair value(2,850)(4,367)
Ending balance$53,228 $51,538