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Segment Information
 3 Months Ended
Mar. 29, 2025
Notes To Financial Statements [Abstract]  
Segment Information Segment Information
An operating segment is defined as a component of an enterprise, which has discrete financial information that is evaluated regularly. The company determined that its Chief Executive Officer is the Chief Operating Decision Maker (the "CODM"), who possesses the ultimate authority with respect to assessment of performance, allocation of resources, and all strategic actions of the company. In performing this responsibility, the CODM regularly reviews key internal management reports, financial information including forecasts, and quarterly results, which are prepared at the operating segment level.

In accordance with ASC 280-10, Segment Reporting, the company operates in three reportable operating segments defined by management reporting structure and operating activities. The Company’s reportable segments are: (i) the Commercial Foodservice Equipment Group, (ii) the Food Processing Equipment Group, and (iii) the Residential Kitchen Equipment Group.

Adjusted EBITDA is the profitability metric reported to the CODM for the purposes of making decisions about allocation of resources to each segment and assessing performance of each segment. The company defines Adjusted EBITDA as operating income less depreciation, intangible amortization, restructuring, acquisition related adjustments, impairments, stock compensation and other non-recurring items, which management considers to be outside core operating results. The CODM reviews this metric regularly to compare the profitability of segments, identify trends, and evaluate which segments require additional resources or strategic adjustments. The CODM uses Adjusted EBITDA to support the allocation of resources predominantly in the annual budget and forecasting process. The company believes that investors find this measure useful in comparing our operating performance to that of other companies in our industry because this measure generally illustrates the underlying performance of the business.

Management believes that inter-segment sales are made at established arm's length transfer prices. All inter-segment transactions are eliminated and values are presented net of eliminations. The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

Additional detail about each of the reportable segments and its corporate income and expenses is set forth below:

The Commercial Foodservice Equipment Group manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. The Food Processing Equipment Group manufactures preparation, cooking, packaging food handling and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market.

See Note 1 - Summary of Significant Accounting Policies, Basis of Presentation regarding reclassifications in the current year and prior year segment balances.
Net Sales Summary
(dollars in thousands)
 Three Months Ended
 Mar 29, 2025Mar 30, 2024
 SalesPercentSalesPercent
Business Segments:
Commercial Foodservice$562,717 62.1 %$581,413 62.7 %
Food Processing167,906 18.5 171,614 18.5 
Residential Kitchen176,004 19.4 173,899 18.8 
    Total$906,627 100.0 %$926,926 100.0 %
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 March 29, 2025
Net sales$562,717 $167,906 $176,004 $— $906,627 
Cost of sales330,445 106,953 122,650 646 560,694 
Other segment items (3)
80,865 30,887 32,738 19,363 163,853 
Segment adjusted EBITDA (4)
151,407 30,066 20,616 (20,009)182,080 
Depreciation expense (5)
6,630 2,891 4,010 825 14,356 
Amortization expense (6)
11,294 2,914 1,784 1,797 17,789 
Net capital expenditures6,739 19,291 7,252 450 33,732 
Total assets3,606,005 1,248,168 1,966,111 581,097 7,401,381 
Three Months Ended March 30, 2024 
Net sales$581,413 $171,614 $173,899 $— $926,926 
Cost of sales353,574 105,102 122,741 (849)580,568 
Other segment items (3)
75,907 26,693 39,956 18,016 160,572 
Segment adjusted EBITDA (4)
151,932 39,819 11,202 (17,168)185,785 
Depreciation expense (5)
6,817 2,235 3,805 416 13,273 
Amortization expense (6)
13,594 1,954 1,802 1,787 19,137 
Net capital expenditures6,056 1,845 5,259 583 13,743 
Total assets3,668,831 1,046,171 1,939,293 276,110 6,930,405 

(1)Non-operating expenses are not allocated to the reportable 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)Other segment items for each reportable segment includes operating expenses, which primarily consist of selling, general and administrative expenses. Other segment items excludes the impact of depreciation, intangible amortization, restructuring, stock compensation and other items that neither relate to the ordinary course of the company’s business nor reflect the Company’s underlying business performance.
(4)Excludes the impacts mentioned in Other segment items. 
(5)Includes depreciation on right of use assets.
(6)Includes amortization of deferred financing costs and Convertible Notes issuance costs.
A reconciliation of our segment information for earnings before income taxes to the corresponding amounts in the Consolidated Statements of Earnings is shown in the table below for the periods presented:
Three Months Ended
 Mar 29, 2025Mar 30, 2024
Adjusted EBITDA$182,080 $185,785 
Less: Other segment operating expenses (1)
41,482 48,652 
Income from operations140,598 137,133 
Interest expense and deferred financing amortization, net18,364 26,274 
Net periodic pension benefit (other than service cost & curtailment)(1,497)(3,678)
Other expense (income), net2,274 (300)
Earnings before income taxes121,457 114,837 
Provision for income taxes29,105 28,269 
Net earnings$92,352 $86,568 

(1)  Consists of the impact of depreciation, intangible amortization, restructuring, stock compensation and other items that neither relate to the ordinary course of the Company’s business nor reflect the Company’s underlying business performance.
Geographic Information
Long-lived assets, not including goodwill and other intangibles (in thousands):
 Mar 29, 2025Mar 30, 2024
United States and Canada$510,773 $506,334 
Asia37,466 39,136 
Europe and Middle East279,580 207,847 
Latin America10,165 12,370 
Total international$327,211 $259,353 
 $837,984 $765,687