XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information | 9 Months Ended
--- | ---
Sep. 26, 2020
Notes To Financial Statements [Abstract] |
Segment Information | Segment Information 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 foodservice equipment for the restaurant and institutional kitchen industry. This business segment has manufacturing facilities in Arkansas, California, Illinois, Massachusetts, Michigan, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, Washington, Australia, China, Denmark, Estonia, Italy, Mexico, the Philippines, Poland, Sweden and the United Kingdom. Principal product lines of this group include conveyor ovens, combi-ovens, convection ovens, baking ovens, proofing ovens, deck ovens, speed cooking ovens, hydrovection ovens, ranges, fryers, rethermalizers, steam cooking equipment, food warming equipment, catering equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, coldrooms, ice machines, freezers, and soft serve ice cream, coffee, and beverage dispensing equipment. These products are sold and marketed under the brand names: Anets, APW Wyott, Bakers Pride, Beech, BKI, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, CTX, Carter-Hoffmann, Celfrost, Concordia, CookTek, Crown, Desmon, Deutsche, Doyon, Eswood, EVO, Firex, Follett, Frifri, Giga, Globe, Goldstein, Holman, Houno, IMC, Induc, Jade, JoeTap, Josper, L2F, Lang, Lincat, MagiKitch’n, Market Forge, Marsal, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco, QualServ, RAM, SiteSage, Southbend, Star, Sveba Dahlen, Ss Brewtech, Synesso, Taylor, Toastmaster, TurboChef, Ultrafryer, Varimixer, Wells and Wunder-Bar. 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 Georgia, Illinois, Iowa, North Carolina, Oklahoma, Pennsylvania, Texas, Virginia, Washington, Wisconsin, Denmark, France, Germany, India and the United Kingdom. Principal product lines of this group include batch ovens, baking ovens, proofing ovens, conveyor belt ovens, continuous processing ovens, frying systems and automated thermal processing systems, grinders, slicers, reduction and emulsion systems, mixers, blenders, battering equipment, breading equipment, seeding equipment, water cutting systems, food presses, food suspension equipment, filling and depositing solutions, forming equipment, automated loading and unloading systems, food safety, food handling, freezing, defrosting and packaging equipment. These products are sold and marketed under the brand names: Alkar, Armor Inox, Auto-Bake, Baker Thermal Solutions, Burford, Cozzini, CVP Systems, Danfotech, Drake, Emico, Glimek, Hinds-Bock, Maurer-Atmos, MP Equipment, M-TEK, Pacpro, RapidPak, Scanico, Spooner Vicars, Stewart Systems, Thurne and Ve.Ma.C. The Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market. This business segment has manufacturing facilities in California, Michigan, Mississippi, Oregon, Wisconsin, France, Ireland, Romania and the United Kingdom. Principal product lines of this group are ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, ventilation equipment and outdoor equipment. These products are sold and marketed under the brand names: AGA, AGA Cookshop, Brava, Brigade, EVO, Fired Earth, Heartland, La Cornue, Leisure Sinks, Lynx, Marvel, Mercury, Rangemaster, Rayburn, Redfyre, Sedona, Stanley, TurboChef, U-Line and Viking. 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. Net Sales Summary (dollars in thousands)
| Three Months Ended |  | Nine Months Ended
| Sep 26, 2020 |  | Sep 28, 2019 |  | Sep 26, 2020 |  | Sep 28, 2019
| Sales |  | Percent |  | Sales |  | Percent |  | Sales |  | Percent |  | Sales |  | Percent
Business Segments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Foodservice | $ | 371,223 |  |  | 58.5 | % |  | $ | 500,990 |  |  | 69.2 | % |  | $ | 1,081,847 |  |  | 60.6 | % |  | $ | 1,471,800 |  |  | 67.8 | %
Food Processing | 110,648 |  |  | 17.4 |  |  | 89,147 |  |  | 12.3 |  |  | 316,477 |  |  | 17.7 |  |  | 279,474 |  |  | 12.9 |
Residential Kitchen | 152,654 |  |  | 24.1 |  |  | 133,877 |  |  | 18.5 |  |  | 385,637 |  |  | 21.7 |  |  | 420,546 |  |  | 19.3 |
Total | $ | 634,525 |  |  | 100.0 | % |  | $ | 724,014 |  |  | 100.0 | % |  | $ | 1,783,961 |  |  | 100.0 | % |  | $ | 2,171,820 |  |  | 100.0 | %
The following table summarizes the results of operations for the company's business segments (in thousands):
| Commercial Foodservice |  | Food Processing |  | Residential Kitchen |  | Corporate and Other (1) |  | Total
Three Months Ended September 26, 2020 |  |  |  |  |  |  |  |  |
Net sales | $ | 371,223 |  |  | $ | 110,648 |  |  | $ | 152,654 |  |  | $ | — |  |  | $ | 634,525 |
Income (loss) from operations (2)(3) | 57,483 |  |  | 22,860 |  |  | 22,626 |  |  | (16,297) |  |  | 86,672 |
Depreciation expense | 5,360 |  |  | 1,480 |  |  | 2,965 |  |  | — |  |  | 9,805 |
Amortization expense (4) | 12,923 |  |  | 1,794 |  |  | 2,170 |  |  | 692 |  |  | 17,579 |
Net capital expenditures | 5,279 |  |  | 692 |  |  | 794 |  |  | 299 |  |  | 7,064 |
Nine Months Ended September 26, 2020 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,081,847 |  |  | $ | 316,477 |  |  | $ | 385,637 |  |  | $ | — |  |  | $ | 1,783,961 |
Income (loss) from operations (2)(3) | 173,064 |  |  | 57,801 |  |  | 41,860 |  |  | (41,521) |  |  | 231,204 |
Depreciation expense | 15,567 |  |  | 4,179 |  |  | 8,742 |  |  | 15 |  |  | 28,503 |
Amortization expense (4) | 38,257 |  |  | 5,494 |  |  | 7,627 |  |  | 1,713 |  |  | 53,091 |
Net capital expenditures | 12,771 |  |  | 3,115 |  |  | 4,089 |  |  | 420 |  |  | 20,395 |
Total assets | $ | 3,155,360 |  |  | $ | 628,156 |  |  | $ | 1,149,550 |  |  | $ | 87,118 |  |  | $ | 5,020,184 |
Three Months Ended September 28, 2019 |  |  |  |  |  |  |  |  |
Net sales | $ | 500,990 |  |  | $ | 89,147 |  |  | $ | 133,877 |  |  | $ | — |  |  | $ | 724,014 |
Income (loss) from operations (2)(3) | 105,099 |  |  | 13,349 |  |  | 17,850 |  |  | (14,953) |  |  | 121,345 |
Depreciation expense | 5,413 |  |  | 1,158 |  |  | 2,897 |  |  | 8 |  |  | 9,476 |
Amortization expense (4) | 12,230 |  |  | 2,616 |  |  | 2,413 |  |  | 402 |  |  | 17,661 |
Net capital expenditures | 5,852 |  |  | 3,212 |  |  | 3,125 |  |  | — |  |  | 12,189 |
Nine Months Ended September 28, 2019 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,471,800 |  |  | $ | 279,474 |  |  | $ | 420,546 |  |  | $ | — |  |  | $ | 2,171,820 |
Income (loss) from operations (2)(3) | 313,482 |  |  | 44,477 |  |  | 57,220 |  |  | (53,166) |  |  | 362,013 |
Depreciation expense | 15,714 |  |  | 3,498 |  |  | 8,697 |  |  | 105 |  |  | 28,014 |
Amortization expense (4) | 34,519 |  |  | 6,223 |  |  | 7,308 |  |  | 1,208 |  |  | 49,258 |
Net capital expenditures | 19,065 |  |  | 5,289 |  |  | 7,061 |  |  | 2,404 |  |  | 33,819 |
Total assets | $ | 3,162,315 |  |  | $ | 606,186 |  |  | $ | 1,129,935 |  |  | $ | 30,092 |  |  | $ | 4,928,528 |
(1)Includes corporate and other general company assets and operations. (2)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. (3)Restructuring expenses are allocated in operating income by segment. See note 16 for further details. (4)Includes amortization of deferred financing costs. Geographic Information Long-lived assets, not including goodwill and other intangibles (in thousands):
| Sep 26, 2020 |  | Sep 28, 2019
United States and Canada | $ | 321,159 |  |  | $ | 309,117 |
Asia | 22,857 |  |  | 21,668 |
Europe and Middle East | 152,914 |  |  | 139,486 |
Latin America | 6,111 |  |  | 8,030 |
Total international | $ | 181,882 |  |  | $ | 169,184 |
| $ | 503,041 |  |  | $ | 478,301 |

X
- Definition Notes to Financial Statements [Abstract] + References No definition available. + Details
Name: | midd_NotesToFinancialStatementsAbstract
Namespace Prefix: | midd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration