Revenue Recognition (Tables)

12 Months Ended

Dec. 29, 2018

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The cumulative effect of the changes made to our December 30, 2017 Consolidated Balance Sheet for the adoption of ASC 606 using the modified retrospective method to contracts that were not completed as of December 30, 2017 were as follows (in thousands):



	Balance at December 30, 2017 (as reported)		Adjustments due to ASC 606			Balance at December 30, 2017 (as adjusted)
Balance Sheet
Assets
Accounts receivable	$	328,421	$	(122	)	$	328,299
Inventories, net	424,639		14,993			439,632
Prepaid expenses and other	55,427		(4,018		)	51,409
Long-term deferred tax assets	44,565		1,319			45,884

Liabilities & Stockholders' Equity
Accrued expenses	$	322,171	$	16,557		$	338,728
Retained earnings	1,697,618		(4,405		)	1,693,213

Effect of Adopting ASC 606 [Table Text Block]

The impact of adoption on our Consolidated Statement of Earnings and Consolidated Balance Sheet are as follows (in thousands):



	Twelve Months Ended December 29, 2018
	As Reported		Balances without ASC 606		Effect of Change
Net sales	$	2,722,931	$	2,702,357	$	20,574
Cost of sales	1,718,791		1,703,488		15,303
Provision for income taxes	106,361		105,132		1,229
Net earnings	$	317,152	$	313,110	$	4,042

Basic earnings per share	$	5.71	$	5.63
Diluted earnings per share	$	5.70	$	5.63



	Balance as of December 29, 2018
	As Reported		Balances without ASC 606		Effect of Change
Assets
Inventories, net	$	521,810	$	520,631	$	1,179
Prepaid expenses and other	50,940		51,315		(375		)

Liabilities
Accrued expenses	$	367,446	$	368,128	$	(682	)
Long-term deferred tax liability	113,896		113,841		55

Equity
Retained earnings	$	2,009,233	$	2,009,411	$	(178	)

Disaggregation of Revenue [Table Text Block]

The following table summarizes our net sales by reportable operating segment and geographical location (in thousands):



	Commercial Foodservice		Food Processing		Residential Kitchen		Total
Twelve Months Ended December 29, 2018
United States and Canada	$	1,176,006	$	263,743	$	366,679	$	1,806,428
Asia	180,409		36,578		7,155		224,142
Europe and Middle East	315,935		64,666		221,126		601,727
Latin America	57,464		24,607		8,563		90,634
Total	$	1,729,814	$	389,594	$	603,523	$	2,722,931

Twelve Months Ended December 30, 2017
United States and Canada	$	968,483	$	256,739	$	344,204	$	1,569,426
Asia	144,702		25,175		8,099		177,976
Europe and Middle East	226,697		42,473		240,456		509,626
Latin America	42,226		28,330		7,958		78,514
Total	$	1,382,108	$	352,717	$	600,717	$	2,335,542

Twelve Months Ended December 31, 2016
United States and Canada	$	886,597	$	247,636	$	367,957	$	1,502,190
Asia	140,964		24,254		9,234		174,452
Europe and Middle East	196,433		54,688		274,160		525,281
Latin America	42,961		15,657		7,311		65,929
Total	$	1,266,955	$	342,235	$	658,662	$	2,267,852

Contract with Customer, Asset and Liability [Table Text Block]

The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands):



	As of December 29, 2018		At Adoption
Contract assets	$	14,048	$	16,753
Contract liabilities	$	57,913	$	47,647
Non-current contract liabilities	$	12,170	$	1,859