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Restructuring and Acquisition Integration Initiatives
12 Months Ended
Dec. 30, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure [Text Block] RESTRUCTURING AND ACQUISITION INTEGRATION INITIATIVES
Residential Kitchen Equipment Group:
During fiscal years 2023 and 2022, the company initiated cost reduction initiatives related to the Residential Kitchen Equipment Group including headcount reductions and facility consolidations. These actions resulted in expenses of $9.4 million and $5.1 million, in the twelve months ended December 30, 2023 and December 31, 2022, respectively. These actions are reflected in the restructuring expenses in the Consolidated Statements of Earnings. The primary realization of cost savings from the restructuring initiatives began in 2023 with expected annual savings of approximately $12.0 million. At December 30, 2023, the restructuring obligations accrued for these initiatives are immaterial and will be substantially complete by the end of fiscal year 2024.
The restructuring expenses for the other segments of the company were not material during fiscal years 2023, 2022 and 2021.