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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 28, 2013
Accounting Policies [Abstract] |
Schedule of Inventory, Current | Inventories at December 28, 2013 and December 29, 2012 are as follows:
| 2013 |  | 2012
| (dollars in thousands)
Raw materials and parts | $ | 110,310 |  |  | $ | 87,184 |
Work in process | 20,448 |  |  | 18,957 |
Finished goods | 89,358 |  |  | 47,349 |
| $ | 220,116 |  |  | $ | 153,490 |
Property, Plant and Equipment | Property, plant and equipment are carried at cost as follows:
| 2013 |  | 2012
| (dollars in thousands)
Land | $ | 10,289 |  |  | $ | 8,402 |
Building and improvements | 80,051 |  |  | 48,164 |
Furniture and fixtures | 23,476 |  |  | 13,644 |
Machinery and equipment | 84,970 |  |  | 57,650 |
| 198,786 |  |  | 127,860 |
Less accumulated depreciation | (73,329 | ) |  | (63,974 | )
| $ | 125,457 |  |  | $ | 63,886 |
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 years
Schedule of Goodwill | Goodwill is allocated to the business segments as follows (in thousands):
| Commercial Foodservice |  | Food Processing |  | Residential Kitchen |  | Total |
Balance as of December 31, 2011 | $ | 375,352 |  |  | $ | 102,460 |  |  | $ | — |  |  | $ | 477,812 |
Goodwill acquired during the year | 18,855 |  |  | 22,968 |  |  | — |  |  | 41,823 |
Measurement period adjustments to goodwill acquired in prior year | 528 |  |  | 2,381 |  |  | — |  |  | 2,909 |
Exchange effect | 2,511 |  |  | 956 |  |  | — |  |  | 3,467 |
Balance as of December 29, 2012 | $ | 397,246 |  |  | $ | 128,765 |  |  | $ | — |  |  | $ | 526,011 |
Goodwill acquired during the year | 50,999 |  |  | — |  |  | 115,762 |  |  | 166,761 |
Measurement period adjustments to goodwill acquired in prior year | (3,473 | ) |  | 56 |  |  | — |  |  | (3,417 | )
Exchange effect | (451 | ) |  | (949 | ) |  | — |  |  | (1,400 | )
Balance as of December 28, 2013 | $ | 444,321 |  |  | $ | 127,872 |  |  | $ | 115,762 |  |  | $ | 687,955 |
Schedule Of Intangible Assets By Major Class | Intangible assets consist of the following (in thousands):
| December 28, 2013 |  | December 29, 2012
| Estimated Weighted Avg Remaining Life |  | Gross Carrying Amount |  | Accumulated Amortization |  |  | Estimated Weighted Avg Remaining Life |  | Gross Carrying Amount |  | Accumulated Amortization |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer lists | 5.1 |  | $ | 144,298 |  |  | $ | (61,506 | ) |  | 3.3 |  | $ | 76,763 |  |  | $ | (40,349 | )
Backlog | 0.0 |  | 10,851 |  |  | (10,851 | ) |  | 1.0 |  | 8,751 |  |  | (6,713 | )
Developed technology | 3.9 |  | 17,888 |  |  | (14,993 | ) |  | 3.3 |  | 17,876 |  |  | (11,975 | )
|  |  | $ | 173,037 |  |  | $ | (87,350 | ) |  |  |  | $ | 103,390 |  |  | $ | (59,037 | )
Indefinite-lived assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and tradenames |  |  | $ | 362,257 |  |  |  |  |  |  |  | $ | 188,988 |  |  |  |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The estimated future amortization expense of intangible assets is as follows (in thousands):
2014 | $ | 23,421 |
2015 | 18,035 |
2016 | 14,989 |
2017 | 10,941 |
2018 | 9,932 |
Thereafter | 8,369 |
| $ | 85,687 |
Schedule of Accrued Liabilities | Accrued expenses consist of the following at December 28, 2013 and December 29, 2012, respectively:
| 2013 |  | 2012
| (dollars in thousands)
Accrued payroll and related expenses | $ | 56,544 |  |  | $ | 42,960 |
Advanced customer deposits | 31,276 |  |  | 37,392 |
Accrued customer rebates | 26,947 |  |  | 23,901 |
Accrued warranty | 23,306 |  |  | 17,593 |
Accrued product liability and workers compensation | 15,355 |  |  | 13,290 |
Accrued agent commission | 9,767 |  |  | 9,531 |
Contingent consideration | 8,628 |  |  | 3,563 |
Accrued professional services | 7,441 |  |  | 8,346 |
Accrued sales and other tax | 5,762 |  |  | 4,560 |
Other accrued expenses | 28,433 |  |  | 9,796 |
| $ | 213,459 |  |  | $ | 170,932 |
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:
| 2013 |  | 2012
| (dollars in thousands)
Unrecognized pension benefit costs, net of tax | $ | (2,120 | ) |  | $ | (5,597 | )
Unrealized loss on interest rate swap, net of tax | (630 | ) |  | (1,447 | )
Currency translation adjustments | (5,885 | ) |  | (5,355 | )
| $ | (8,635 | ) |  | $ | (12,399 | )
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 28, 2013 and December 29, 2012 are as follows (in thousands):
| Fair Value Level 1 |  | Fair Value Level 2 |  | Fair Value Level 3 |  | Total
As of December 28, 2013 |  |  |  |  |  |  |  |  |  |  |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Pension Plans | $ | 27,875 |  |  | $ | 621 |  |  | — |  |  | $ | 28,496 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | — |  |  | $ | 1,471 |  |  | — |  |  | $ | 1,471 |
Contingent consideration | — |  |  |  |  |  | $ | 10,063 |  |  | $ | 10,063 |
As of December 29, 2012 |  |  |  |  |  |  |  |  |  |  |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Pension Plans | $ | 24,346 |  |  | $ | 935 |  |  | — |  |  | $ | 25,281 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | — |  |  | $ | 2,853 |  |  | — |  |  | $ | 2,853 |
Contingent consideration | — |  |  | — |  |  | $ | 8,609 |  |  | $ | 8,609 |
Schedule of Product Warranty Liability | A rollforward of the warranty reserve for the fiscal years 2013 and 2012 are as follows:
| 2013 |  | 2012
| (dollars in thousands)
Beginning balance | $ | 17,593 |  |  | $ | 13,842 |
Warranty reserve related to acquisitions | 9,617 |  |  | 819 |
Warranty expense | 36,360 |  |  | 28,789 |
Warranty claims | (40,264 | ) |  | (25,857 | )
Ending balance | $ | 23,306 |  |  | $ | 17,593 |

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