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Segment Information
 3 Months Ended
Mar. 30, 2013
Notes To Financial Statements [Abstract]  
Segment Information
Segment Infomation
The company operates in three reportable operating segments defined by management reporting structure and operating activities.
The Commercial Foodservice Equipment Group manufactures, sells, and distributes cooking equipment for the restaurant and institutional kitchen industry. This business segment has manufacturing facilities in California, Illinois, Michigan, New Hampshire, North Carolina, Tennessee, Texas, Vermont, Australia, China, Denmark, Italy, the Philippines and the United Kingdom. Principal product lines of this group include conveyor ovens, ranges, steamers, convection ovens, combi-ovens, broilers and steam cooking equipment, induction cooking systems, baking and proofing ovens, charbroilers, catering equipment, fryers, toasters, hot food servers, foodwarming equipment, griddles, coffee and beverage dispensing equipment and kitchen processing and ventilation equipment. These products are sold and marketed under the brand names: Anets, Beech, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, CTX, Carter-Hoffmann, CookTek, Doyon, Frifri, Giga, Holman, Houno, IMC, Jade, Lang, Lincat, MagiKitch’n, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco, Southbend, Star, Toastmaster, TurboChef, Viking and Wells.
The Food Processing Equipment Group manufactures preparation, cooking, packaging food handling and food safety equipment for the food processing industry. This business segment has manufacturing operations in Illinois, Iowa, North Carolina, Texas, Virginia, Wisconsin, Australia, France, Germany and Mexico. Principal product lines of this group include batch ovens, belt ovens, continuous processing ovens, frying systems, automated thermal processing systems, automated loading and unloading systems, meat presses, breading, battering, mixing, forming, grinding and slicing equipment, food suspension, reduction and emulsion systems, defrosting equipment, packaging and food safety equipment. These products are sold and marketed under the brand names: Alkar, Armor Inox, Auto-Bake, Baker Thermal Solutions, Danfotech, Drake, Maurer-Atmos, MP Equipment, RapidPak, Spooner Vicars and Stewart.
The Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market. This business segment has manufacturing facilities in Greenwood, MS. Principal product lines of this group are ranges, ovens, refrigerators, dishwashers, microwaves, cooktops and outdoor equipment. These products are sold and marketed under the brand names of Viking and Brigade.
The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The chief operating decision maker evaluates individual segment performance based on operating income. Management believes that intersegment sales are made at established arms length transfer prices.
Net Sales Summary
(dollars in thousands)
 
Three Months Ended
 
Mar 30, 2013
 
Mar 31, 2012
 
Sales
 
Percent
 
Sales
 
Percent
Business Segments:
 

 
 

 
 

 
 

Commercial Foodservice
$
197,362

 
60.3

 
$
178,270

 
77.9

Food Processing
71,438

 
21.8

 
50,553

 
22.1

Residential Kitchen
$
58,651

 
17.9

 
$
—

—

—

Total
$
327,451

 
100.0
%
 
$
228,823

 
100.0
%

The following table summarizes the results of operations for the company's business segments(1) (in thousands):
 
Commercial
 Foodservice

 
Food Processing

 
Residential Kitchen

 
Corporate
and Other(2)

 
Total

Three Months Ended March 30, 2013
 
 
 
 
 
 
 
 
 
Net sales
$
197,362

 
$
71,438

 
$
58,651

 
$
—

 
$
327,451

Income (loss) from operations
49,750

 
11,480

 
(7,241
)
 
(11,794
)
 
42,195

Depreciation and amortization expense
4,375

 
2,025

 
7,219

 
404

 
14,023

Net capital expenditures
1,502

 
848

 
1,487

 
86

 
3,923

 
 
 
 
 
 
 
 
 
 
Total assets
876,935

 
313,601

 
436,250

 
70,968

 
1,697,754

 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2012
 
 
 
 
 
 
 
 
 
Net sales
$
178,270

 
$
50,553

 
$
—

 
$
—

 
$
228,823

Income from operations
39,746

 
6,220

 
—

 
(9,306
)
 
36,660

Depreciation and amortization expense
4,916

 
1,911

 
—

 
220

 
7,047

Net capital expenditures
1,304

 
255

 
—

 
25

 
1,584

 
 
 
 
 
 
 
 
 
 
Total assets
846,751

 
234,691

 
—

 
70,191

 
1,151,633

 
 
 
 
 
 
 
 
 
 
(1)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.
(2)Includes corporate and other general company assets and operations.

Geographic Information
Long-lived assets, not including goodwill and other intangibles (in thousands):
 
Mar 30, 2013
 
Mar 31, 2012
United States and Canada
$
141,792

 
$
46,766

Asia
3,355

 
2,780

Europe and Middle East
14,073

 
15,933

Latin America
1,340

 
1,340

Total international
$
18,768

 
$
20,053

 
$
160,560

 
$
66,819


Net sales (in thousands):
 
Three Months Ended
 
Mar 30, 2013

 
Mar 31, 2012

United States and Canada
$
242,057

 
$
157,069

Asia
20,386

 
19,082

Europe and Middle East
42,464

 
39,649

Latin America
22,544

 
13,023

Total international
$
85,394

 
$
71,754

 
$
327,451

 
$
228,823