Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 28, 2013

Accounting Policies [Abstract]

Schedule of Inventory, Current

Inventories at December 28, 2013 and December 29, 2012 are as follows:

	2013		2012
	(dollars in thousands)
Raw materials and parts	$	110,310	$	87,184
Work in process	20,448		18,957
Finished goods	89,358		47,349
	$	220,116	$	153,490

Property, Plant and Equipment

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

	2013			2012
	(dollars in thousands)
Land	$	10,289		$	8,402
Building and improvements	80,051			48,164
Furniture and fixtures	23,476			13,644
Machinery and equipment	84,970			57,650
	198,786			127,860
Less accumulated depreciation	(73,329		)	(63,974		)
	$	125,457		$	63,886

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			Residential Kitchen		Total
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
Goodwill acquired during the year	50,999			—			115,762		166,761
Measurement period adjustments to goodwill acquired in prior year	(3,473		)	56			—		(3,417		)
Exchange effect	(451		)	(949		)	—		(1,400		)
Balance as of December 28, 2013	$	444,321		$	127,872		$	115,762	$	687,955

Schedule Of Intangible Assets By Major Class

Intangible assets consist of the following (in thousands):

	December 28, 2013						December 29, 2012
	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	5.1	$	144,298	$	(61,506	)	3.3	$	76,763	$	(40,349	)
Backlog	0.0	10,851		(10,851		)	1.0	8,751		(6,713		)
Developed technology	3.9	17,888		(14,993		)	3.3	17,876		(11,975		)
		$	173,037	$	(87,350	)		$	103,390	$	(59,037	)
Indefinite-lived assets:
Trademarks and tradenames		$	362,257					$	188,988

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

2014	$	23,421
2015	18,035
2016	14,989
2017	10,941
2018	9,932
Thereafter	8,369
	$	85,687

Schedule of Accrued Liabilities

Accrued expenses consist of the following at December 28, 2013 and December 29, 2012, respectively:

	2013		2012
	(dollars in thousands)
Accrued payroll and related expenses	$	56,544	$	42,960
Advanced customer deposits	31,276		37,392
Accrued customer rebates	26,947		23,901
Accrued warranty	23,306		17,593
Accrued product liability and workers compensation	15,355		13,290
Accrued agent commission	9,767		9,531
Contingent consideration	8,628		3,563
Accrued professional services	7,441		8,346
Accrued sales and other tax	5,762		4,560
Other accrued expenses	28,433		9,796
	$	213,459	$	170,932

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:

	2013			2012
	(dollars in thousands)
Unrecognized pension benefit costs, net of tax	$	(2,120	)	$	(5,597	)
Unrealized loss on interest rate swap, net of tax	(630		)	(1,447		)
Currency translation adjustments	(5,885		)	(5,355		)
	$	(8,635	)	$	(12,399	)

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 28, 2013 and December 29, 2012 are as follows (in thousands):

	Fair Value Level 1		Fair Value Level 2		Fair Value Level 3		Total
As of December 28, 2013
Financial Assets:
Pension Plans	$	27,875	$	621	—		$	28,496
Financial Liabilities:
Interest rate swaps	—		$	1,471	—		$	1,471
Contingent consideration	—				$	10,063	$	10,063
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

Schedule of Product Warranty Liability

A rollforward of the warranty reserve for the fiscal years 2013 and 2012 are as follows:

	2013			2012
	(dollars in thousands)
Beginning balance	$	17,593		$	13,842
Warranty reserve related to acquisitions	9,617			819
Warranty expense	36,360			28,789
Warranty claims	(40,264		)	(25,857		)
Ending balance	$	23,306		$	17,593