Discontinued Operations and Disposal Groups (Tables)

12 Months Ended

Jan. 03, 2026

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Financial Information

The following table summarizes the operating results of the Residential Kitchen Equipment Group as presented in Earnings from discontinued operations, net of tax in the Consolidated Statements of Earnings (in thousands):

	2025		2024		2023
Net sales	$	733,305	$	724,923	$	794,515
Cost of sales	506,581		506,373		544,531
Gross profit	226,724		218,550		249,984
Selling, general, and administrative expenses	186,226		172,387		182,013
Restructuring expenses	8,982		5,936		9,402
Impairments	709,116		28,162		76,128
(Loss)/income from discontinued operations	(677,600)		12,065		(17,559)
Interest (income)/expense and deferred financing amortization, net(1)	(1,340)		(1,127)		(781)
Net periodic pension cost/(benefit) (other than service cost & curtailment)	81		(25)		(31)
Other expense/(income), net	3,244		1,994		(45)
Loss on classification as held for sale	62,750		—		—
(Loss)/earnings from discontinued operations before income taxes	(742,335)		11,223		(16,702)
(Benefit from)/provision for income taxes	(97,337)		3,768		(4,580)
(Loss)/earnings from discontinued operations, net of tax	$	(644,998)	$	7,455	$	(12,122)

(1)Represents interest income directly associated with, not allocated to, the Residential Kitchen Equipment Group

The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations as presented in the Consolidated Balance Sheets (in thousands):

	Jan 3, 2026		Dec 28, 2024
ASSETS
Cash and cash equivalents	$	22,208	$	50,767
Accounts receivable, net	109,280		111,597
Inventories, net	199,534		185,623
Prepaid expenses and other	17,951		16,832
Prepaid taxes	—		8
Property, plant and equipment, net	150,561		141,282
Goodwill	229,964		773,976
Other intangibles, net	385,133		511,221
Pension benefits assets	1,150		816
Other assets	49,410		53,525
Valuation allowance - loss on classification as held for sale	(62,750)		—
Total assets held for sale - discontinued operations	$	1,102,441	$	1,845,647
LIABILITIES
Accounts payable	$	53,151	$	42,724
Accrued expenses	93,247		82,787
Long-term deferred tax liability	71,649		100,848
Other non-current liabilities	24,288		31,982
Total liabilities held for sale - discontinued operations	$	242,335	$	258,341