Segment Information (Tables)

6 Months Ended

Jul. 02, 2022

Notes To Financial Statements [Abstract]

Net Sales Summary

(dollars in thousands)


	Three Months Ended								Six Months Ended
	Jul 2, 2022				Jul 3, 2021				Jul 2, 2022				Jul 3, 2021
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	609,679	60.2	%	$	508,778	62.9	%	$	1,153,332	57.5	%	$	989,933	63.2	%
Food Processing	123,913		12.2		130,008		16.1		243,856		12.1		242,502		15.5
Residential Kitchen	280,009		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	%

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 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 expense	5,850		1,299		3,425		183		10,757
Amortization expense (5)	13,712		1,746		1,030		1,790		18,278
Net capital expenditures	7,379		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 expense	11,722		2,624		7,410		373		22,129
Amortization expense (5)	27,361		3,533		19,159		3,595		53,648
Net capital expenditures	12,943		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 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

(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.

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 2, 2022		Jul 3, 2021
United States and Canada	$	430,665	$	337,375

Asia	35,424		18,262
Europe and Middle East	140,716		193,821
Latin America	11,152		8,599
Total international	$	187,292	$	220,682
	$	617,957	$	558,057