Revenue Recognition Revenue Recognition (Tables)

9 Months Ended

Sep. 26, 2020

Revenue Recognition [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue

The company disaggregates its net sales by reportable operating segment and geographical location as the company believes it best depicts how the nature, timing and uncertainty of its net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under the company's long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes the company's net sales by reportable operating segment and geographical location (in thousands):

	Commercial Foodservice		Food Processing		Residential Kitchen		Total
Three Months Ended September 26, 2020
United States and Canada	$	265,793	$	82,126	$	97,318	$	445,237
Asia	39,864		4,711		1,875		46,450
Europe and Middle East	60,603		18,600		52,216		131,419
Latin America	4,963		5,211		1,245		11,419
Total	$	371,223	$	110,648	$	152,654	$	634,525
Nine Months Ended September 26, 2020
United States and Canada	$	768,202	$	227,770	$	264,116	$	1,260,088
Asia	104,936		18,460		3,753		127,149
Europe and Middle East	180,187		57,051		117,187		354,425
Latin America	28,522		13,196		581		42,299
Total	$	1,081,847	$	316,477	$	385,637	$	1,783,961
Three Months Ended September 28, 2019
United States and Canada	$	346,616	$	57,255	$	86,859	$	490,730
Asia	53,463		5,100		1,490		60,053
Europe and Middle East	82,244		21,125		44,395		147,764
Latin America	18,667		5,667		1,133		25,467
Total	$	500,990	$	89,147	$	133,877	$	724,014
Nine Months Ended September 28, 2019
United States and Canada	$	1,004,609	$	172,944	$	270,689	$	1,448,242
Asia	153,787		21,836		4,355		179,978
Europe and Middle East	258,102		67,624		142,016		467,742
Latin America	55,302		17,070		3,486		75,858
Total	$	1,471,800	$	279,474	$	420,546	$	2,171,820

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):

	Sep 26, 2020		Dec 28, 2019
Contract assets	$	21,345	$	22,675
Contract liabilities	$	86,103	$	74,511
Non-current contract liabilities	$	12,488	$	12,870