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Segment Information
6 Months Ended
Jun. 27, 2020
Notes To Financial Statements [Abstract]  
Segment Information Segment Information
The company operates in three reportable operating segments defined by management reporting structure and operating activities.
The Commercial Foodservice Equipment Group manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. This business segment has manufacturing facilities in Arkansas, California, Illinois, Massachusetts, Michigan, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, Washington, Australia, China, Denmark, Estonia, Italy, Mexico, the Philippines, Poland, Sweden and the United Kingdom. Principal product lines of this group include conveyor ovens, combi-ovens, convection ovens, baking ovens, proofing ovens, deck ovens, speed cooking ovens, hydrovection ovens, ranges, fryers, rethermalizers, steam cooking equipment, food warming equipment, catering equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, coldrooms, ice machines, freezers, and soft serve ice cream, coffee, and beverage dispensing equipment. These products are sold and marketed under the brand names: Anets, APW Wyott, Bakers Pride, Beech, BKI, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, CTX, Carter-Hoffmann, Celfrost, Concordia, CookTek, Crown, Desmon, Deutsche, Doyon, Eswood, EVO, Firex, Follett, Frifri, Giga, Globe, Goldstein, Holman, Houno, IMC, Induc, Jade, JoeTap, Josper, L2F, Lang, Lincat, MagiKitch’n, Market Forge, Marsal, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco, QualServ, RAM, SiteSage, Southbend, Star, Sveba Dahlen, Ss Brewtech, Synesso, Taylor, Toastmaster, TurboChef, Ultrafryer, Varimixer, Wells and Wunder-Bar.
The Food Processing Equipment Group manufactures preparation, cooking, packaging food handling and food safety equipment for the food processing industry. This business segment has manufacturing operations in Georgia, Illinois, Iowa, North Carolina, Oklahoma, Pennsylvania, Texas, Virginia, Washington, Wisconsin, Denmark, France, Germany, India and the United Kingdom. Principal product lines of this group include batch ovens, baking ovens, proofing ovens, conveyor belt ovens, continuous processing ovens, frying systems and automated thermal processing systems, grinders, slicers, reduction and emulsion systems, mixers, blenders, battering equipment, breading equipment, seeding equipment, water cutting systems, food presses, food suspension equipment, filling and depositing solutions, forming equipment, automated loading and unloading systems, food safety, food handling, freezing, defrosting and packaging equipment. These products are sold and marketed under the brand names: Alkar, Armor Inox, Auto-Bake, Baker Thermal Solutions, Burford, Cozzini, CVP Systems, Danfotech, Drake, Emico, Glimek, Hinds-Bock, Maurer-Atmos, MP Equipment, M-TEK, Pacpro, RapidPak, Scanico, Spooner Vicars, Stewart Systems, Thurne and Ve.Ma.C.
The Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market. This business segment has manufacturing facilities in California, Michigan, Mississippi, Oregon, Wisconsin, France, Ireland, Romania and the United Kingdom. Principal product lines of this group are ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, ventilation equipment and outdoor equipment. These products are sold and marketed under the brand names: AGA, AGA Cookshop, Brava, Brigade, EVO, Fired Earth, Heartland, La Cornue, Leisure Sinks, Lynx, Marvel, Mercury, Rangemaster, Rayburn, Redfyre, Sedona, Stanley, TurboChef, U-Line and Viking.
The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The chief operating decision maker evaluates individual segment performance based on operating income.
Net Sales Summary
(dollars in thousands)
 Three Months EndedSix Months Ended
 Jun 27, 2020Jun 29, 2019Jun 27, 2020Jun 29, 2019
 SalesPercentSalesPercentSalesPercentSalesPercent
Business Segments:    
Commercial Foodservice$267,500  56.7 %$513,279  67.4 %$710,624  61.8 %$970,810  67.1 %
Food Processing101,563  21.5  97,853  12.9  205,829  17.9  190,327  13.1  
Residential Kitchen102,914  21.8  149,872  19.7  232,983  20.3  286,669  19.8  
    Total$471,977  100.0 %$761,004  100.0 %$1,149,436  100.0 %$1,447,806  100.0 %
The following table summarizes the results of operations for the company's business segments (in thousands):
 Commercial
Foodservice
Food ProcessingResidential Kitchen
Corporate
and Other (1)
Total
Three Months Ended June 27, 2020    
Net sales$267,500  $101,563  $102,914  $—  $471,977  
Income (loss) from operations (2)(3)
26,974  19,583  6,526  (13,965) 39,118  
Depreciation expense5,307  1,363  2,794   9,468  
Amortization expense (4)
12,894  2,000  2,737  512  18,143  
Net capital expenditures2,806  594  750  —  4,150  
Six Months Ended June 27, 2020
Net sales$710,624  $205,829  $232,983  $—  $1,149,436  
Income (loss) from operations (2)(3)
115,581  34,941  19,234  (25,224) 144,532  
Depreciation expense10,207  2,699  5,777  15  18,698  
Amortization expense (4)
25,334  3,700  5,457  1,021  35,512  
Net capital expenditures7,492  2,423  3,295  121  13,331  
Total assets$3,149,853  $617,638  $1,119,685  $527,525  $5,414,701  
Three Months Ended June 29, 2019    
Net sales$513,279  $97,853  $149,872  $—  $761,004  
Income (loss) from operations (2)(3)
111,572  18,542  20,599  (11,106) 139,607  
Depreciation expense5,382  1,199  2,892  49  9,522  
Amortization expense (4)
11,028  1,224  2,444  403  15,099  
Net capital expenditures7,240  1,376  2,515  2,404  13,535  
Six Months Ended June 29, 2019
Net sales$970,810  $190,327  $286,669  $—  $1,447,806  
Income (loss) from operations (2)(3)
208,383  31,128  39,370  (38,213) 240,668  
Depreciation expense10,301  2,340  5,800  97  18,538  
Amortization expense (4)
22,289  3,607  4,895  806  31,597  
Net capital expenditures13,213  2,077  3,936  2,404  21,630  
Total assets$3,190,584  $528,008  $1,136,859  $31,218  $4,886,669  

(1)Includes corporate and other general company assets and operations.
(2)Non-operating expenses are not allocated to the operating 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.
(3)Restructuring expenses are allocated in operating income by segment. See note 16 for further details.
(4)Includes amortization of deferred financing costs.
Geographic Information
Long-lived assets, not including goodwill and other intangibles (in thousands):
 Jun 27, 2020Jun 29, 2019
United States and Canada$309,764  $280,360  
Asia21,935  14,219  
Europe and Middle East154,020  175,745  
Latin America6,230  6,895  
Total international$182,185  $196,859  
 $491,949  $477,219