XML 90 R77.htm IDEA: XBRL DOCUMENT v3.24.0.1
Segment Information - Results of Business Segments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Segment Reporting Information [Line Items]      
Net sales $ 4,036,605 $ 4,032,853 $ 3,250,792
Operating Income (Loss) [1] 634,868 639,604 629,992
Depreciation [2] 50,416 44,619 42,681
Amortization expense 82,188 93,441 82,562
Net capital expenditures 85,179 67,289 46,551
Total assets 6,906,692 6,874,866 6,383,598
Long-lived assets [3] 761,447 662,804 557,667
Commercial Foodservice Equipment Group      
Segment Reporting Information [Line Items]      
Net sales 2,521,471 2,394,762 2,014,372
Operating Income (Loss) [1] 616,224 548,536 421,717 [4]
Depreciation [2] 27,323 24,299 23,742
Amortization expense 56,728 54,872 54,461
Net capital expenditures 39,272 28,718 26,022
Total assets 3,751,746 3,788,245 3,520,821
Long-lived assets [3] 340,375 318,457 291,320
Food Processing Group      
Segment Reporting Information [Line Items]      
Net sales 720,618 589,969 499,135
Operating Income (Loss) [1] 158,469 107,459 95,818
Depreciation [2] 7,949 6,045 5,673
Amortization expense 9,271 14,034 9,696
Net capital expenditures 14,999 13,957 9,596
Total assets 1,009,857 983,797 639,061
Long-lived assets [3] 98,920 84,370 56,207
Residential Kitchen      
Segment Reporting Information [Line Items]      
Net sales 794,516 1,048,122 737,285
Operating Income (Loss) [1] (12,450) 127,948 124,701 [4]
Depreciation [2] 13,637 13,596 12,655
Amortization expense 9,052 17,376 11,628
Net capital expenditures 25,960 20,604 9,232
Total assets 1,941,204 1,972,351 2,153,758
Long-lived assets [3] 227,131 151,499 169,028
Corporate and Other      
Segment Reporting Information [Line Items]      
Net sales [5] 0 0 0
Operating Income (Loss) [1],[5],[6] (127,375) (144,339) [7] (12,244) [7]
Depreciation [2],[5] 1,507 679 611
Amortization expense [5],[6],[8] 7,137 7,159 6,777
Net capital expenditures [5] 4,948 4,010 1,701
Total assets [5] 203,885 130,473 69,958
Long-lived assets [3],[5] $ 95,021 $ 108,478 $ 41,112
[1] 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
[2] Includes depreciation on right of use assets.
[3] Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets.
[4] Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021.
[5] Includes corporate and other general company assets and operations.
[6] 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.
[7] Termination fee from Welbilt merger is included in Corporate and Other.
[8] Includes amortization of deferred financing costs and Convertible Notes issuance costs.