Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 29, 2012

Accounting Policies [Abstract]

Schedule of Inventory, Current

Inventories at December 29, 2012 and December 31, 2011 are as follows:

	2012		2011
	(dollars in thousands)
Raw materials and parts	$	87,184	$	69,576
Work in process	18,957		15,463
Finished goods	47,349		39,261
	153,490		124,300

Property, Plant and Equipment

Property, plant and equipment are carried at cost as follows:

	2012			2011
	(dollars in thousands)
Land	$	8,402		$	8,189
Building and improvements	48,164			46,104
Furniture and fixtures	13,644			11,680
Machinery and equipment	57,650			50,548
	127,860			116,521
Less accumulated depreciation	(63,974		)	(54,014		)
	$	63,886		$	62,507

Schedule Of Useful Lives For Property Plant Equipment

Following 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			Total
Balance as of January 1, 2011	$	330,501		$	39,488		$	369,989
Goodwill acquired during the year	49,204			64,486			113,690
Measurement period adjustments to goodwill acquired in prior year	(1,272		)	(5		)	(1,277		)
Exchange effect	(3,081		)	(1,509		)	(4,590		)
Balance as of December 31, 2011	$	375,352		$	102,460		$	477,812
Goodwill acquired during the year	18,855			22,968			41,823
Measurement period adjustments to goodwill acquired in prior year	528			2,381			2,909
Exchange effect	2,511			956			3,467
Balance as of December 29, 2012	$	397,246		$	128,765		$	526,011

Schedule Of Intangible Assets By Major Class

Intangible assets consist of the following (in thousands):

	December 29, 2012						December 31, 2011
	Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization			Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Customer lists	3.3	$	76,763	$	(40,349	)	3.1	$	67,904	$	(28,435	)
Backlog	1.0	8,751		(6,713		)	2.0	9,733		(4,378		)
Developed technology	3.3	17,876		(11,975		)	1.7	18,106		(9,033		)
		$	103,390	$	(59,037	)		$	95,743	$	(41,846	)
Indefinite-lived assets:
Trademarks and tradenames		$	188,988					$	180,829

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated future amortization expense of intangible assets is as follows (in thousands):

2013	$	17,713
2014	12,702
2015	7,498
2016	4,596
2017	1,503
Thereafter	341
	$	44,353

Schedule of Accrued Liabilities

Accrued expenses consist of the following at December 29, 2012 and December 31, 2011, respectively:

	2012		2011
	(dollars in thousands)
Accrued payroll and related expenses	$	42,960	$	41,434
Advanced customer deposits	37,392		33,246
Accrued customer rebates	23,901		23,136
Accrued warranty	17,593		13,842
Accrued product liability and workers compensation	13,290		10,771
Accrued agent commission	9,531		8,668
Accrued professional services	8,346		7,497
Other accrued expenses	17,919		31,798
	$	170,932	$	170,392

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:

	2012			2011
	(dollars in thousands)
Unrecognized pension benefit costs, net of tax	$	(5,597	)	$	(7,615	)
Unrealized loss on interest rate swap, net of tax	(1,447		)	(1,691		)
Currency translation adjustments	(5,355		)	(11,228		)
	$	(12,399	)	$	(20,534	)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The company’s financial assets and liabilities that are measured at fair value are categorized using the fair value hierarchy at December 29, 2012 and December 31, 2011 are as follows (in thousands):

	Fair Value Level 1		Fair Value Level 2		Fair Value Level 3		Total
As of December 29, 2012
Financial Assets:
Pension Plans	$	24,346	$	935	—		$	25,281
Financial Liabilities:
Interest rate swaps	—		$	2,853	—		$	2,853
Contingent consideration	—		—		$	8,609	$	8,609
As of December 31, 2011
Financial Assets:
Pension Plans	$	21,229	$	1,297	—		$	22,526
Financial Liabilities:
Interest rate swaps	—		$	3,216	—		$	3,216
Contingent consideration	—		—		$	3,398	$	3,398

Schedule of Product Warranty Liability

A rollforward of the warranty reserve for the fiscal years 2012 and 2011 are as follows:

	2012			2011
	(dollars in thousands)
Beginning balance	$	13,842		$	14,468
Warranty reserve related to acquisitions	819			939
Warranty expense	28,789			21,019
Warranty claims	(25,857		)	(22,584		)
Ending balance	$	17,593		$	13,842