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Restructuring and Acquisition Integration Initiatives | 12 Months Ended
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Jan. 02, 2021
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure [Text Block] | RESTRUCTURING AND ACQUISITION INTEGRATION INITIATIVES Commercial Foodservice Equipment Group: During the fiscal years 2020, 2019 and 2018, the company undertook cost reduction initiatives related to the Commercial Foodservice Equipment Group including headcount reductions and facility consolidations. These actions resulted in expenses of $10.1 million, $6.4 million and $3.5 million in the twelve months ended January 2, 2021, December 28, 2019 and December 29, 2018 respectively, primarily for severance related to headcount reductions and facility consolidations. These expenses are reflected in restructuring expenses in the Consolidated Statements of Earnings. The realization of cost savings from the restructuring initiatives began in 2020 with an expected annual savings of approximately $20.0 million. At January 2, 2021, the restructuring obligations accrued for these initiatives are immaterial and will be substantially complete by the end of fiscal year year 2021. Residential Kitchen Equipment Group: During the fiscal years 2020, 2019 and 2018, the company has completed various restructuring initiatives for the AGA Group, including headcount reductions and consolidation and disposition of certain facilities and business operations. During 2018, the company undertook restructuring efforts related to Grange, a non-core business within the AGA Group, and elected to cease its operations. During fiscal 2019 and 2020, the initiatives within the AGA Group were primarily related to headcount reductions. The company recorded expense of $1.6 million, $2.3 million and $15.1 million, respectively in the years ended January 2, 2021, December 28, 2019 and December 29, 2018, respectively. Additionally within the Residential Kitchen Equipment Group, the company incurred restructuring costs, primarily for severance related to headcount reductions and facility consolidations. The company recorded expense of $0.2 million and $1.7 million, respectively in the years ended January 2, 2021 and December 28, 2019, respectively. These expenses are reflected in restructuring expenses in the Consolidated Statements of Earnings and no material future expenses associated with these actions are anticipated. The restructuring obligations accrued for these initiatives are immaterial and will be substantially complete by the end of fiscal year 2021. The costs and corresponding reserve balances for restructuring within the Residential Kitchen Equipment Group are summarized as follows (in thousands):
|  | Severance/Benefits |  | Facilities/Operations |  | Other |  | Total
Balance as of December 30, 2017 |  | $ | 3,698 |  |  | $ | 1,467 |  |  | $ | 157 |  |  | $ | 5,322 |
Expenses |  | 6,367 |  |  | 3,771 |  |  | 5,001 |  |  | 15,139 |
Exchange Effect |  | (49) |  |  | (11) |  |  | 23 |  |  | (37) |
Payments |  | (9,150) |  |  | (5,171) |  |  | (4,394) |  |  | (18,715) |
Balance as of December 29, 2018 |  | $ | 866 |  |  | $ | 56 |  |  | $ | 787 |  |  | $ | 1,709 |
Expenses |  | 3,766 |  |  | 684 |  |  | (476) |  |  | 3,974 |
Exchange Effect |  | 24 |  |  | (7) |  |  | (55) |  |  | (38) |
Payments/Utilization |  | (3,990) |  |  | (632) |  |  | (256) |  |  | (4,878) |
Balance as of December 28, 2019 |  | $ | 666 |  |  | $ | 101 |  |  | $ | — |  |  | $ | 767 |
Expenses |  | 899 |  |  | 907 |  |  | — |  |  | 1,806 |
Exchange Effect |  | — |  |  | 26 |  |  | — |  |  | 26 |
Payments/Utilization |  | (1,368) |  |  | (922) |  |  | — |  |  | (2,290) |
Balance as of January 2, 2021 |  | $ | 197 |  |  | $ | 112 |  |  | $ | — |  |  | $ | 309 |
The restructuring expenses for the other segment of the company were not material during fiscal years 2020, 2019 and 2018.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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