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v3.22.4

Segment Information - Results of Business Segments (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Jan. 01, 2022 | Jan. 02, 2021
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales |  | $ 4,032,853 | $ 3,250,792 |  | $ 2,513,257 |
Operating Income (Loss) | [1] | 639,604 | 629,992 |  | 324,431 |
Depreciation | [2] | 44,619 | 42,681 |  | 39,086 |
Amortization expense (5) |  | 93,441 | 82,562 |  | 71,446 |
Net capital expenditures |  | 67,289 | 46,551 |  | 34,849 |
Total assets |  | 6,874,866 | 6,383,598 |  | 5,202,474 |
Long-lived assets (6) | [3] | 662,804 | 557,667 |  | 547,339 |
Commercial Foodservice Equipment Group |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales |  | 2,410,266 | 2,032,761 |  | 1,510,279 |
Operating Income (Loss) | [1] | 549,764 | 423,121 | [4] | 239,625 | [4]
Depreciation | [2] | 24,432 | 23,814 |  | 21,768 |
Amortization expense (5) |  | 55,506 | 56,910 |  | 51,985 |
Net capital expenditures |  | 28,735 | 26,507 |  | 25,463 |
Total assets |  | 3,789,437 | 3,522,630 |  | 3,249,441 |
Long-lived assets (6) | [3] | 319,337 | 292,593 |  | 279,481 |
Food Processing Group |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales |  | 574,465 | 480,746 |  | 437,272 |
Operating Income (Loss) | [1] | 106,231 | 94,414 |  | 78,008 |
Depreciation | [2] | 5,912 | 5,601 |  | 5,507 |
Amortization expense (5) |  | 13,400 | 7,247 |  | 7,319 |
Net capital expenditures |  | 13,940 | 9,111 |  | 3,427 |
Total assets |  | 982,605 | 637,252 |  | 617,171 |
Long-lived assets (6) | [3] | 83,490 | 54,934 |  | 55,069 |
Residential Kitchen |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales |  | 1,048,122 | 737,285 |  | 565,706 |
Operating Income (Loss) | [1] | 127,948 | 124,701 | [4] | 67,046 |
Depreciation | [2] | 13,596 | 12,655 |  | 11,691 |
Amortization expense (5) |  | 17,376 | 11,628 |  | 9,657 |
Net capital expenditures |  | 20,604 | 9,232 |  | 4,801 |
Total assets |  | 1,972,351 | 2,153,758 |  | 1,221,229 |
Long-lived assets (6) | [3] | 151,499 | 169,028 |  | 192,940 |
Corporate and Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales | [5] | 0 | 0 |  | 0 |
Operating Income (Loss) | [1],[5],[6] | (144,339) | (12,244) | [7] | (60,248) |
Depreciation | [2],[5] | 679 | 611 |  | 120 |
Amortization expense (5) | [5],[6],[8] | 7,159 | 6,777 |  | 2,485 |
Net capital expenditures | [5] | 4,010 | 1,701 |  | 1,158 |
Total assets | [5] | 130,473 | 69,958 |  | 114,633 |
Long-lived assets (6) | [3],[5] | $ 108,478 | $ 41,112 |  | $ 19,849 |
[1] | Restructuring expenses are included in operating income of the segment to which they pertain. See note 12 for further details
[2] | Includes depreciation on right of use assets.
[3] | Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets.
[4] | Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021 and Gain on sale of plant is included in Commercial Foodservice for 2020.
[5] | Includes corporate and other general company assets and operations.
[6] | Non-operating expenses are not allocated to the reportable 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.
[7] | Termination fee from Welbilt merger is included in Corporate and Other.
[8] | Includes amortization of deferred financing costs and Convertible Notes issuance costs.

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