Segment Information (Tables)

6 Months Ended

Jul. 03, 2021

Notes To Financial Statements [Abstract]

Net Sales Summary

(dollars in thousands)


	Three Months Ended								Six Months Ended
	Jul 3, 2021				Jun 27, 2020				Jul 3, 2021				Jun 27, 2020
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	508,778	62.9	%	$	267,500	56.7	%	$	989,933	63.2	%	$	710,624	61.8	%
Food Processing	130,008		16.1		101,563		21.5		242,502		15.5		205,829		17.9
Residential Kitchen	169,987		21.0		102,914		21.8		334,396		21.3		232,983		20.3
Total	$	808,773	100.0	%	$	471,977	100.0	%	$	1,566,831	100.0	%	$	1,149,436	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 July 3, 2021
Net sales	$	508,778	$	130,008	$	169,987	$	—	$	808,773
Income (loss) from operations (2, 3, 4)	109,944		26,961		33,910		(34,098)		136,717
Depreciation expense	5,993		1,337		2,738		99		10,167
Amortization expense (5)	14,246		1,834		1,784		1,579		19,443
Net capital expenditures	6,013		1,505		2,873		195		10,586

Six Months Ended July 3, 2021
Net sales	$	989,933	$	242,502	$	334,396	$	—	$	1,566,831
Income (loss) from operations (2, 3, 4)	206,260		46,623		63,766		(58,759)		257,890
Depreciation expense	11,786		2,652		5,512		354		20,304
Amortization expense (5)	29,450		3,677		3,556		3,055		39,738
Net capital expenditures	11,208		2,433		5,129		541		19,311

Total assets	$	3,326,410	$	631,845	$	1,243,477	$	221,051	$	5,422,783

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 (5)	12,894		2,000		2,737		512		18,143
Net capital expenditures	12,187		594		750		—		13,531

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 (5)	25,334		3,700		5,457		1,021		35,512
Net capital expenditures	16,873		2,423		3,295		121		22,712

Total assets	$	3,149,853	$	617,638	$	1,119,685	$	527,525	$	5,414,701

(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):


	Jul 3, 2021		Jun 27, 2020
United States and Canada	$	332,341	$	309,764
Asia	22,623		21,935
Europe and Middle East	194,494		154,020
Latin America	8,599		6,230
Total international	$	225,716	$	182,185
	$	558,057	$	491,949