SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Inventory, Current

Inventories at December 31, 2011 and January 1, 2011 are as follows:

	2011		2010
	(dollars in thousands)
Raw materials and parts	$	69,576	$	60,452
Work in process		15,204		12,292
Finished goods		39,261		33,432
		124,041		106,176
LIFO reserve		259		287
	$	124,300	$	106,463

Property, Plant and Equipment

Property, plant and equipment are carried at cost as follows:

	2011			2010
	(dollars in thousands)
Land	$	8,189		$	6,566
Building and improvements		46,104			37,796
Furniture and fixtures		11,680			8,037
Machinery and equipment		50,548			38,612
		116,521			91,011
Less accumulated depreciation		(54,014	)		(47,355	)
	$	62,507		$	43,656

Schedule Of Useful Lives For Property Plant Equipment

Following is a summary of the estimated useful lives:

Description	Life
Building and improvements	20 to 40 years
Furniture and fixtures	3 to 7 years
Machinery and equipment	3 to 10 year

Schedule of Goodwill

Goodwill is allocated to the business segments as follows (in thousands):

	Commercial			Food
	Foodservice			Processing			Total
Balance as of January 2, 2010	$	326,980		$	31,526		$	358,506
Goodwill acquired during the year		3,555			7,962			11,517
Exchange effect		(34	)		—			(34	)
Balance as of January 1, 2011	$	330,501		$	39,488		$	369,989
Goodwill acquired during the year		49,204			64,486			113,690
Measurement period adjustments to goodwill acquired in prior year		(1,272	)		(5	)		(1,277	)
Exchange effect		(3,081	)		(1,509	)		(4,590	)
Balance as of December 31, 2011	$	375,352		$	102,460		$	477,812

Schedule of Intangible Assets by Major Class

Intangible assets consist of the following (in thousands):

	December 31, 2011							January 1, 2011
	Estimated							Estimated
	Weighted Avg		Gross					Weighted Avg		Gross
	Remaining		Carrying		Accumulated			Remaining		Carrying		Accumulated
	Life		Amount		Amortization			Life		Amount		Amortization
Amortized intangible assets:
Customer lists		3.1	$	67,904	$	(28,435	)		3.9	$	43,662	$	(19,597	)
Backlog		2.0		9,733		(4,378	)		—		3,568		(3,568	)
Developed technology		1.7		18,106		(9,033	)		3.7		15,821		(6,358	)
			$	95,743	$	(41,846	)			$	63.051	$	(29.523	)
Indefinite-lived assets:
Trademarks and tradenames			$	180,829						$	155,726

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated future amortization expense of intangible assets is as follows (in thousands):

2012	$	17,465
2013		16,322
2014		10,887
2015		5,683
2016		2,876
Thereafter		664
	$	53,897

Schedule of Accrued Liabilities

Accrued expenses consist of the following at December 31, 2011 and January 1, 2011, respectively:

	2011		2010
	(dollars in thousands)
Accrued payroll and related expenses	$	41,434	$	32,625
Advanced customer deposits		33,246		13,357
Accrued customer rebates		23,136		18,086
Accrued warranty		13,842		14,468
Accrued product liability and workers compensation		10,771		9,711
Accrued agent commission		8,668		7,824
Accrued professional services		7,497		5,944
Other accrued expenses		31,798		23,795
	$	170,392	$	125,810

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the components of accumulated other comprehensive income (loss) as reported in the consolidated balance sheets:

	2011			2010
	(dollars in thousands)
Unrecognized pension benefit costs, net of tax	$	(7,615	)	$	(2,470	)
Unrealized loss on interest rate swap, net of tax		(1,691	)		(1,105	)
Currency translation adjustments		(11,228	)		(459	)
	$	(20,534	)	$	(4,034	)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The company’s financial assets and liabilities that are measured at fair value are categorized using the fair value hierarchy at December 31, 2011 and January 1, 2011 are as follows (in thousands):

	Fair Value		Fair Value		Fair Value
	Level 1		Level 2		Level 3		Total
As of December 31, 2011
Financial Assets:
Pension Plans	$	21,229	$	1,297		—	$	22,526
Financial Liabilities:
Interest rate swaps		—	$	3,216		—	$	3,216
Contingent consideration		—		—	$	3,398	$	3,398
As of January 1, 2011
Financial Assets:
Pension Plans	$	11,241	$	354		—	$	11,595
Financial Liabilities:
Interest rate swaps		—	$	2,186		—	$	2,186
Contingent consideration		—		—	$	5,579	$	5,579

Product Warranty Table Disclosure

A rollforward of the warranty reserve for the fiscal years 2011 and 2010 are as follows:

	2011			2010
	(dollars in thousands)
Beginning balance	$	14,468		$	14,265
Warranty reserve related to acquisitions		939			537
Warranty expense		21,019			22,789
Warranty claims		(22,584	)		(23,123	)
Ending balance	$	13,842		$	14,468