Segment Information (Tables)

12 Months Ended

Dec. 30, 2023

Schedule of Segment Reporting Information, by Segment

The following table summarizes the results of operations for the company’s business segments(1) (dollars in thousands):


	Commercial Foodservice		Food Processing		Residential Kitchen		Corporate and Other(2)		Total
2023
Net sales	$	2,521,471	$	720,618	$	794,516	$	—	$	4,036,605
Income (loss) from operations (3)	616,224		158,469		(12,450)		(127,375)		634,868
Depreciation expense (4)	27,323		7,949		13,637		1,507		50,416
Amortization expense (5)	56,728		9,271		9,052		7,137		82,188
Net capital expenditures	39,272		14,999		25,960		4,948		85,179
Total assets	3,751,746		1,009,857		1,941,204		203,885		6,906,692
Long-lived assets (6)	340,375		98,920		227,131		95,021		761,447

2022
Net sales	$	2,394,762	$	589,969	$	1,048,122	$	—	$	4,032,853
Income (loss) from operations (3)	548,536		107,459		127,948		(144,339)		639,604
Depreciation expense (4)	24,299		6,045		13,596		679		44,619
Amortization expense (5)	54,872		14,034		17,376		7,159		93,441
Net capital expenditures	28,718		13,957		20,604		4,010		67,289
Total assets	3,788,245		983,797		1,972,351		130,473		6,874,866
Long-lived assets (6)	318,457		84,370		151,499		108,478		662,804

2021
Net sales	$	2,014,372	$	499,135	$	737,285	$	—	$	3,250,792
Income (loss) from operations (3,7,8)	421,717		95,818		124,701		(12,244)		629,992
Depreciation expense (4)	23,742		5,673		12,655		611		42,681
Amortization expense (5)	54,461		9,696		11,628		6,777		82,562
Net capital expenditures	26,022		9,596		9,232		1,701		46,551
Total assets	3,520,821		639,061		2,153,758		69,958		6,383,598
Long-lived assets (6)	291,320		56,207		169,028		41,112		557,667

(1)Non-operating expenses are not allocated to the reportable 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.

(2)Includes corporate and other general company assets and operations.

(3)Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details.

(4)Includes depreciation on right of use assets.

(5)Includes amortization of deferred financing costs and Convertible Notes issuance costs.

(6)Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets.

(7)Termination fee from Welbilt merger is included in Corporate and Other.

(8)Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021.

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):


	2023		2022		2021
United States and Canada	$	502,479	$	471,375	$	379,431

Asia	40,849		35,965		17,818
Europe and Middle East	205,621		142,326		152,384
Latin America	12,498		13,138		8,034
Total International	258,968		191,429		178,236

	$	761,447	$	662,804	$	557,667