Segment Information (Tables)

3 Months Ended

Apr. 01, 2023

Notes To Financial Statements [Abstract]

Net Sales Summary By Segment

Net Sales Summary

(dollars in thousands)

	Three Months Ended
	Apr 1, 2023				Apr 2, 2022
	Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	613,935	61.0	%	$	540,018	54.3	%
Food Processing	173,503		17.2		123,578		12.4
Residential Kitchen	219,958		21.8		331,080		33.3
Total	$	1,007,396	100.0	%	$	994,676	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 April 1, 2023
Net sales	$	613,935	$	173,503	$	219,958	$	—	$	1,007,396
Income (loss) from operations (2, 3)	136,562		34,687		21,186		(31,413)		161,022
Depreciation expense (4)	6,166		2,097		3,447		267		11,977
Amortization expense (5)	14,808		4,137		2,238		1,787		22,970
Net capital expenditures	16,906		2,203		6,214		162		25,485
Total assets	$	3,827,805	$	1,007,569	$	1,999,632	$	121,131	$	6,956,137
Three Months Ended April 2, 2022
Net sales	$	540,018	$	123,578	$	331,080	$	—	$	994,676
Income (loss) from operations (2, 3)	109,635		20,195		24,946		(32,212)		122,564
Depreciation expense (4)	5,839		1,358		3,985		190		11,372
Amortization expense (5)	13,491		1,945		18,129		1,805		35,370
Net capital expenditures	5,557		3,094		5,541		305		14,497
Total assets	$	3,594,208	$	657,415	$	2,127,119	$	95,423	$	6,474,165

(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)Includes depreciation on right of use assets.

(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):

	Apr 1, 2023		Apr 2, 2022
United States and Canada	$	476,073	$	401,182
Asia	36,597		19,626
Europe and Middle East	149,031		147,005
Latin America	13,688		10,934
Total international	$	199,316	$	177,565
	$	675,389	$	578,747