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Acquisition Integration Initiatives | 9 Months Ended
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Oct. 03, 2015
Subsequent Events [Abstract] |
Acquisition Integration Initiatives |
15) | Restructuring
The company has taken actions to improve the operations of Viking and distribution operations of Viking within the Residential Kitchen Equipment Group. These combined initiatives included organizational restructuring and headcount reductions, consolidation and disposition of certain facilities and business operations and discontinuation of certain products. Additionally, during the third quarter of 2015, within the Food Processing Equipment Group and Commercial Foodservice Equipment Group the company made the decision and took action to close two manufacturing facilities and transfer production to other manufacturing facilities within the company. During the nine months ended October 3, 2015, the company recorded expense in the amount of $11.8 million for these initiatives, which is reflected in the general and administrative expenses and cost of goods sold in the consolidated statements of earnings for such period. The costs and corresponding reserve balances are summarized as follows (in thousands): Commercial Foodservice Equipment Group:
|  | Severance/Benefits |  | Inventory/Product |  | Facilities/Operations |  | Other |  | Total
Balance as of January 3, 2015 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Expenses |  | 394 |  |  | 73 |  |  | 388 |  |  | — |  |  | 855 |
Payments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance as of October 3, 2015 |  | $ | 394 |  |  | $ | 73 |  |  | $ | 388 |  |  | $ | — |  |  | $ | 855 |
Food Processing Equipment Group:
|  | Severance/Benefits |  | Inventory/Product |  | Facilities/Operations |  | Other |  | Total
Balance as of January 3, 2015 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Expenses |  | 998 |  |  | 305 |  |  | 1,007 |  |  | 229 |  |  | 2,539 |
Payments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance as of October 3, 2015 |  | $ | 998 |  |  | $ | 305 |  |  | $ | 1,007 |  |  | $ | 229 |  |  | $ | 2,539 |
Residential Kitchen Equipment Group:
|  | Severance/Benefits |  | Inventory/Product |  | Facilities/Operations |  | Other |  | Total
Balance as of January 3, 2015 |  | $ | 147 |  |  | $ | — |  |  | $ | — |  |  | $ | 37 |  |  | $ | 184 |
Expenses |  | 3,160 |  |  | — |  |  | 5,298 |  |  | (29 | ) |  | 8,429 |
Payments |  | (2,090 | ) |  | — |  |  | (1,641 | ) |  | (10 | ) |  | (3,741 | )
Balance as of October 3, 2015 |  | $ | 1,217 |  |  | $ | — |  |  | $ | 3,657 |  |  | $ | (2 | ) |  | $ | 4,872 |
The company anticipates that all restructuring actions for the Food Processing Equipment Group and Commercial Foodservice Group will be completed by the end of fiscal 2016. The severance costs for the Residential Kitchen Equipment Group will be completed by the end of fiscal 2016; while the lease costs will extend until 2018.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
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- References No definition available. + Details
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