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Revenue Recognition Revenue Recognition
 3 Months Ended
Mar. 29, 2025
Revenue Recognition [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue Recognition
Disaggregation of Revenue

The company disaggregates its net sales by reportable operating segment and geographical location as the company believes it best depicts how the nature, timing and uncertainty of its net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under the company's long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes the company's net sales by reportable operating segment and geographical location (in thousands):
 Commercial
 Foodservice		Food ProcessingResidential Kitchen Total
Three Months Ended March 29, 2025   
United States and Canada$413,860 $93,163 $112,851 $619,874 
Asia48,715 3,704 2,808 55,227 
Europe and Middle East82,051 54,688 58,920 195,659 
Latin America18,091 16,351 1,425 35,867 
Total$562,717 $167,906 $176,004 $906,627 
Three Months Ended March 30, 2024
United States and Canada$425,742 $103,816 $107,041 $636,599 
Asia51,083 6,672 2,596 60,351 
Europe and Middle East83,045 49,245 62,157 194,447 
Latin America21,543 11,881 2,105 35,529 
Total$581,413 $171,614 $173,899 $926,926 
Contract Balances

Contract assets primarily relate to the company's right to consideration for work completed but not billed at the reporting date and are recorded in prepaid expenses and other in the Condensed Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Accounts receivable are not considered contract assets under the revenue standard as contract assets are conditioned upon the company's future satisfaction of a performance obligation. Accounts receivable, in contracts, are unconditional rights to consideration.

Contract liabilities relate to advance consideration received from customers for which revenue has not been recognized. Current contract liabilities are recorded in accrued expenses in the Condensed Consolidated Balance Sheet. Non-current
contract liabilities are recorded in other non-current liabilities in the Condensed Consolidated Balance Sheet. Contract liabilities are reduced when the associated revenue from the contract is recognized.

The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands):
 Mar 29, 2025Dec 28, 2024
Contract assets$61,924 $68,025 
Contract liabilities$129,257 $120,503 
Non-current contract liabilities$21,822 $19,930 

During the three months period ended March 29, 2025, the company reclassified $24.0 million to receivables, which was included in the contract asset balance at the beginning of the period. During the three months period ended March 29, 2025, the company recognized revenue of $42.3 million, which was included in the contract liability balance at the beginning of the period. Additions to contract liabilities representing amounts billed to clients in excess of revenue recognized to date were $62.3 million during the three months period ended March 29, 2025.

Remaining Performance Obligations

Substantially all of the company's outstanding performance obligations will be satisfied within 12 to 36 months. There were no contract asset impairments during the three months period ended March 29, 2025.