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Segment Information (Tables) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Notes To Financial Statements [Abstract]    
Net Sales Summary By Segment
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 %
 
Other Cost and Expense, Operating $ 41,482 $ 48,652
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 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.
 
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):
 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