Financing Arrangements - Additional Information (Details) (USD $)
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12 Months Ended | |
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Jan. 03, 2015
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Dec. 28, 2013
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Debt Instrument [Line Items] | ||
Maximum borrowing capacity | $ 1,000,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity | |
Senior secured revolving credit line | 587,500,000us-gaap_LineOfCreditFacilityAmountOutstanding | 568,600,000us-gaap_LineOfCreditFacilityAmountOutstanding |
Letters of credit outstanding | 11,300,000us-gaap_LettersOfCreditOutstandingAmount | |
Remaining borrowing capacity | 401,200,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity | |
Credit facility, average interest rate | 1.42%midd_LineOfCreditAverageInterestRate | |
Variable commitment fee | 0.25%us-gaap_LineOfCreditFacilityCommitmentFeePercentage | |
Carrying Value | 598,167,000us-gaap_DebtInstrumentCarryingAmount | 571,598,000us-gaap_DebtInstrumentCarryingAmount |
Credit facility, additional interest rate above LIBOR | 1.25%midd_DebtInstrumentInterestAdditionalInterestAboveLiborRate | |
Ratio of indebtedness to net capital | 0us-gaap_RatioOfIndebtednessToNetCapital1 | |
Fixed charge coverage ratio | 0midd_FixedChargeCoverageRatio | |
Houno A/S [Member] | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | 3,400,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_BusinessAcquisitionAxis = midd_HounoAsMember |
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Long-term line of credit | 2,200,000us-gaap_LineOfCredit / us-gaap_BusinessAcquisitionAxis = midd_HounoAsMember |
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Carrying Value | 1,200,000us-gaap_DebtInstrumentCarryingAmount / us-gaap_BusinessAcquisitionAxis = midd_HounoAsMember |
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Credit facility, additional interest rate above LIBOR | 1.25%midd_DebtInstrumentInterestAdditionalInterestAboveLiborRate / us-gaap_BusinessAcquisitionAxis = midd_HounoAsMember |
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Interest rate at period end | 3.05%us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd / us-gaap_BusinessAcquisitionAxis = midd_HounoAsMember |
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Maturity date | 2022 | |
Interest rate at end of period, debt | 4.55%us-gaap_DebtInstrumentInterestRateAtPeriodEnd / us-gaap_BusinessAcquisitionAxis = midd_HounoAsMember |
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Acquisition of Giga [Member] | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | 600,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_BusinessAcquisitionAxis = midd_GigaGrandiCucineSrlMember |
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Credit facility, average interest rate | 3.36%midd_LineOfCreditAverageInterestRate / us-gaap_BusinessAcquisitionAxis = midd_GigaGrandiCucineSrlMember |
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Celfrost [Member] | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | 2,700,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_BusinessAcquisitionAxis = midd_CelfrostMember |
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Line of Credit Facility, Interest Rate Description | 0.0125 | |
Credit facility, average interest rate | 10.75%midd_LineOfCreditAverageInterestRate / us-gaap_BusinessAcquisitionAxis = midd_CelfrostMember |
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Cozzini Inc [Member] | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | $ 3,700,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_BusinessAcquisitionAxis = midd_CozziniIncMember |
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Line of Credit Facility, Interest Rate Description | 0.015 | |
Credit facility, average interest rate | 11.57%midd_LineOfCreditAverageInterestRate / us-gaap_BusinessAcquisitionAxis = midd_CozziniIncMember |
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- Definition
Debt Instrument Interest Additional Interest Above LIBOR Rate No definition available.
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Debt Instrument Maturity Year No definition available.
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Fixed Charge Coverage Ratio No definition available.
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Line of Credit, Average Interest Rate No definition available.
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- Definition
Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
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- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. No definition available.
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The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indebtedness divided by net capital. No definition available.
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