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Segment Information
 6 Months Ended
Jul. 02, 2022
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 has a broad portfolio of foodservice equipment, which enable it to serve virtually any cooking, warming, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation. This equipment is used across all types of foodservice operations, including quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels and other institutions. The products offered by 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, soft serve ice cream equipment, coffee and beverage dispensing equipment, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, and IoT solutions.
 
The Food Processing Equipment Group offers a broad portfolio of processing solutions for customers producing pre-cooked meat products, such as hot dogs, dinner sausages, poultry and lunchmeats and baked goods such as muffins, cookies and bread. Through its broad line of products, the company is able to deliver a wide array of cooking solutions to service a variety of food processing requirements demanded by its customers. The company can offer highly integrated solutions that provide a food processing operation a uniquely integrated solution providing for the highest level of food quality, product consistency, and reduced operating costs resulting from increased product yields, increased capacity and greater throughput and reduced labor costs through automation. The products offered by this group include a wide array of cooking and baking solutions, including batch ovens, baking ovens, proofing ovens, conveyor belt ovens, continuous processing ovens, frying systems and automated thermal processing systems. The company also provides a comprehensive portfolio of complementary food preparation equipment such as tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, blenders, formers, battering equipment, breading equipment, seeding equipment, water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment, as well as a variety of automated loading and unloading systems, automated washing systems, auto-guided vehicles, food safety, food handling, freezing, defrosting and packaging equipment. This portfolio of equipment can be integrated to provide customers a highly efficient and customized solution.

The Residential Kitchen Equipment Group has a broad portfolio of innovative and professional-style residential kitchen equipment. The products offered by this group include ranges, cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, beer dispensers, ventilation equipment, mixers, rotisseries and outdoor cooking equipment.
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
 Jul 2, 2022Jul 3, 2021Jul 2, 2022Jul 3, 2021
 SalesPercentSalesPercentSalesPercentSalesPercent
Business Segments:    
Commercial Foodservice$609,679 60.2 %$508,778 62.9 %$1,153,332 57.5 %$989,933 63.2 %
Food Processing123,913 12.2 130,008 16.1 243,856 12.1 242,502 15.5 
Residential Kitchen280,009 27.6 169,987 21.0 611,089 30.4 334,396 21.3 
    Total$1,013,601 100.0 %$808,773 100.0 %$2,008,277 100.0 %$1,566,831 100.0 %
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 July 2, 2022    
Net sales$609,679 $123,913 $280,009 $— $1,013,601 
Income (loss) from operations (2, 3)
137,344 18,548 46,077 (34,742)167,227 
Depreciation expense5,850 1,299 3,425 183 10,757 
Amortization expense (5)
13,712 1,746 1,030 1,790 18,278 
Net capital expenditures7,379 4,062 5,705 490 17,636 
Six Months Ended July 2, 2022
Net sales$1,153,332 $243,856 $611,089 $— $2,008,277 
Income (loss) from operations (2, 3)
247,062 38,660 71,023 (66,954)289,791 
Depreciation expense11,722 2,624 7,410 373 22,129 
Amortization expense (5)
27,361 3,533 19,159 3,595 53,648 
Net capital expenditures12,943 7,149 11,246 795 32,133 
Total assets$3,720,297 $697,738 $2,042,631 $118,707 $6,579,373 
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 expense5,993 1,337 2,738 99 10,167 
Amortization expense (5)
14,246 1,834 1,784 1,579 19,443 
Net capital expenditures6,013 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 expense11,786 2,652 5,512 354 20,304 
Amortization expense (5)
29,450 3,677 3,556 3,055 39,738 
Net capital expenditures11,208 2,433 5,129 541 19,311 
Total assets$3,326,410 $631,845 $1,243,477 $221,051 $5,422,783 

(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.
(4)Gain/(loss) on sale of plants are included in Commercial Foodservice and Residential Kitchen.
(5)Includes amortization of deferred financing costs and Convertible Notes issuance costs.
Geographic Information
Long-lived assets, not including goodwill and other intangibles (in thousands):
 Jul 2, 2022Jul 3, 2021
United States and Canada$430,665 $337,375 
Asia35,424 18,262 
Europe and Middle East140,716 193,821 
Latin America11,152 8,599 
Total international$187,292 $220,682 
 $617,957 $558,057