Schedule of Segment Reporting Information, by Segment |
The following table summarizes the results of operations for the company’s business segments(1) (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | Commercial Foodservice |
| | Food Processing |
| | Residential Kitchen |
| | Corporate and Other(2) |
| | Total |
| 2019 | |
| | |
| | | | |
| | |
| Net sales | $ | 1,984,345 |
| | $ | 400,951 |
| | $ | 574,150 |
| | $ | — |
| | $ | 2,959,446 |
| Operating income (3,4) | 429,946 |
| | 68,935 |
| | 89,312 |
| | (74,150 | ) | | 514,043 |
| Depreciation expense | 21,054 |
| | 4,944 |
| | 11,742 |
| | 112 |
| | 37,852 |
| Amortization expense (5) | 45,906 |
| | 8,162 |
| | 9,896 |
| | 1,612 |
| | 65,576 |
| Net capital expenditures | 29,353 |
| | 6,683 |
| | 9,168 |
| | 1,405 |
| | 46,609 |
| Total assets | 3,188,304 |
| | 621,619 |
| | 1,157,211 |
| | 35,009 |
| | 5,002,143 |
| Long-lived assets (6) | 261,466 |
| | 57,403 |
| | 176,834 |
| | 4,116 |
| | 499,819 |
| | | | | | | | | | | 2018 | |
| | |
| | | | |
| | |
| Net sales | $ | 1,729,814 |
| | $ | 389,594 |
| | $ | 603,523 |
| | $ | — |
| | $ | 2,722,931 |
| Operating income (3) | 393,380 |
| | 62,435 |
| | 53,959 |
| | (63,808 | ) | | 445,966 |
| Depreciation expense | 17,374 |
| | 5,207 |
| | 12,838 |
| | 363 |
| | 35,782 |
| Amortization expense (5) | 35,224 |
| | 7,527 |
| | 17,226 |
| | 1,479 |
| | 61,456 |
| Net capital expenditures | 17,444 |
| | 7,373 |
| | 11,721 |
| | (498 | ) | | 36,040 |
| Total assets | 2,906,373 |
| | 513,189 |
| | 1,089,103 |
| | 41,116 |
| | 4,549,781 |
| Long-lived assets (6) | 181,636 |
| | 33,127 |
| | 146,897 |
| | 22,328 |
| | 383,988 |
| | | | | | | | | | | 2017 | |
| | |
| | | | |
| | |
| Net sales | $ | 1,382,108 |
| | $ | 352,717 |
| | $ | 600,717 |
| | $ | — |
| | $ | 2,335,542 |
| Operating income (3,7,8) | 357,085 |
| | 88,121 |
| | (377 | ) | | (66,216 | ) | | 378,613 |
| Depreciation expense | 12,643 |
| | 3,677 |
| | 12,984 |
| | 406 |
| | 29,710 |
| Amortization expense (5) | 17,338 |
| | 3,680 |
| | 17,567 |
| | 1,479 |
| | 40,064 |
| Net capital expenditures | 41,457 |
| | 5,519 |
| | 7,637 |
| | (120 | ) | | 54,493 |
| Total assets | 1,693,820 |
| | 450,932 |
| | 1,140,668 |
| | 54,293 |
| | 3,339,713 |
| Long-lived assets (6) | 148,565 |
| | 25,346 |
| | 167,486 |
| | 21,191 |
| | 362,588 |
|
| | (1) | Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. |
| | (2) | Includes corporate and other general company assets and operations. |
| | (3) | Restructuring expenses are included in operating income of the segment to which they pertain. See note 13 for further details. |
| | (4) | Gain on litigation settlement is included in Residential Kitchen. |
| | (5) | Includes amortization of deferred financing costs. |
| | (6) | Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets. |
| | (7) | Gain on sale of plant is included in Commercial Foodservice. |
(8) Impairment of intangible assets is included in Residential Kitchen.
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