Segment Information (Tables)

6 Months Ended

Jun. 27, 2020

Notes To Financial Statements [Abstract]

Net Sales Summary

(dollars in thousands)


	Three Months Ended														Six Months Ended
	Jun 27, 2020						Jun 29, 2019						Jun 27, 2020				Jun 29, 2019
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	267,500	56.7	%	$	513,279	67.4	%	$	710,624	61.8	%	$	970,810	67.1	%
Food Processing	101,563		21.5		97,853		12.9		205,829		17.9		190,327		13.1
Residential Kitchen	102,914		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	%

Schedule of Segment Reporting Information, by Segment

The following table summarizes the results of operations for the company's business segments (in thousands):


	Commercial Foodservice		Food Processing		Residential 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 expense	5,307		1,363		2,794		4		9,468
Amortization expense ⁽⁴⁾	12,894		2,000		2,737		512		18,143
Net capital expenditures	2,806		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 expense	10,207		2,699		5,777		15		18,698
Amortization expense ⁽⁴⁾	25,334		3,700		5,457		1,021		35,512
Net capital expenditures	7,492		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 expense	5,382		1,199		2,892		49		9,522
Amortization expense ⁽⁴⁾	11,028		1,224		2,444		403		15,099
Net capital expenditures	7,240		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 expense	10,301		2,340		5,800		97		18,538
Amortization expense ⁽⁴⁾	22,289		3,607		4,895		806		31,597
Net capital expenditures	13,213		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.

Schedule of Entity-Wide Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country

Long-lived assets, not including goodwill and other intangibles (in thousands):


	Jun 27, 2020		Jun 29, 2019
United States and Canada	$	309,764	$	280,360
Asia	21,935		14,219
Europe and Middle East	154,020		175,745
Latin America	6,230		6,895
Total international	$	182,185	$	196,859
	$	491,949	$	477,219