XML 47 R37.htm IDEA: XBRL DOCUMENT
v3.23.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Notes To Financial Statements [Abstract] |
Net Sales Summary By Segment | Net Sales Summary (dollars in thousands)
| Three Months Ended |  | Nine Months Ended
| Sep 30, 2023 |  | Oct 1, 2022 |  | Sep 30, 2023 |  | Oct 1, 2022
| Sales |  | Percent |  | Sales |  | Percent |  | Sales |  | Percent |  | Sales |  | Percent
Business Segments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Foodservice | $ | 634,009 |  |  | 64.7 | % |  | $ | 619,557 |  |  | 62.4 | % |  | $ | 1,893,607 |  |  | 62.5 | % |  | $ | 1,765,849 |  |  | 58.8 | %
Food Processing | 166,667 |  |  | 17.0 |  |  | 152,349 |  |  | 15.3 |  |  | 528,918 |  |  | 17.5 |  |  | 403,245 |  |  | 13.5 |
Residential Kitchen | 179,975 |  |  | 18.3 |  |  | 220,965 |  |  | 22.3 |  |  | 605,504 |  |  | 20.0 |  |  | 832,054 |  |  | 27.7 |
Total | $ | 980,651 |  |  | 100.0 | % |  | $ | 992,871 |  |  | 100.0 | % |  | $ | 3,028,029 |  |  | 100.0 | % |  | $ | 3,001,148 |  |  | 100.0 | %
Schedule of Segment Reporting Information, by Segment | 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 30, 2023 |  |  |  |  |  |  |  |  |
Net sales | $ | 634,009 |  |  | $ | 166,667 |  |  | $ | 179,975 |  |  | $ | — |  |  | $ | 980,651 |
Income (loss) from operations (2, 3) | 158,582 |  |  | 37,472 |  |  | 10,915 |  |  | (32,528) |  |  | 174,441 |
Depreciation expense (4) | 6,957 |  |  | 1,924 |  |  | 3,304 |  |  | 403 |  |  | 12,588 |
Amortization expense (5) | 13,959 |  |  | 2,677 |  |  | 2,280 |  |  | 1,777 |  |  | 20,693 |
Net capital expenditures | 7,056 |  |  | 6,672 |  |  | 6,825 |  |  | 777 |  |  | 21,330 |
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,893,607 |  |  | $ | 528,918 |  |  | $ | 605,504 |  |  | $ | — |  |  | $ | 3,028,029 |
Income (loss) from operations (2, 3) | 452,113 |  |  | 111,483 |  |  | 51,197 |  |  | (94,559) |  |  | 520,234 |
Depreciation expense (4) | 20,134 |  |  | 5,910 |  |  | 10,070 |  |  | 974 |  |  | 37,088 |
Amortization expense (5) | 42,905 |  |  | 6,946 |  |  | 6,768 |  |  | 5,351 |  |  | 61,970 |
Net capital expenditures | 34,805 |  |  | 11,744 |  |  | 20,579 |  |  | 2,517 |  |  | 69,645 |
Total assets | $ | 3,775,421 |  |  | $ | 1,030,366 |  |  | $ | 1,976,071 |  |  | $ | 140,750 |  |  | $ | 6,922,608 |
Three Months Ended October 1, 2022 |  |  |  |  |  |  |  |  |
Net sales | $ | 619,557 |  |  | $ | 152,349 |  |  | $ | 220,965 |  |  | $ | — |  |  | $ | 992,871 |
Income (loss) from operations (2, 3) | 142,999 |  |  | 27,661 |  |  | 29,788 |  |  | (38,743) |  |  | 161,705 |
Depreciation expense (4) | 5,822 |  |  | 1,591 |  |  | 1,861 |  |  | 205 |  |  | 9,479 |
Amortization expense (5) | 14,124 |  |  | 4,470 |  |  | 1,289 |  |  | 1,778 |  |  | 21,661 |
Net capital expenditures | 10,235 |  |  | 2,959 |  |  | 5,211 |  |  | 376 |  |  | 18,781 |
Nine Months Ended October 1, 2022 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,765,849 |  |  | $ | 403,245 |  |  | $ | 832,054 |  |  | $ | — |  |  | $ | 3,001,148 |
Income (loss) from operations (2, 3) | 390,218 |  |  | 66,164 |  |  | 100,811 |  |  | (105,697) |  |  | 451,496 |
Depreciation expense (4) | 17,478 |  |  | 4,281 |  |  | 9,271 |  |  | 578 |  |  | 31,608 |
Amortization expense (5) | 41,169 |  |  | 8,319 |  |  | 20,448 |  |  | 5,373 |  |  | 75,309 |
Net capital expenditures | 23,165 |  |  | 10,121 |  |  | 16,457 |  |  | 1,171 |  |  | 50,914 |
Total assets | $ | 3,716,686 |  |  | $ | 857,891 |  |  | $ | 1,949,883 |  |  | $ | 147,401 |  |  | $ | 6,671,861 |
(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. (4)Includes depreciation on right of use assets. (5)Includes amortization of deferred financing costs and Convertible Notes issuance costs.
Schedule of Entity-Wide Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country | Long-lived assets, not including goodwill and other intangibles (in thousands):
| Sep 30, 2023 |  | Oct 1, 2022
United States and Canada | $ | 525,347 |  |  | $ | 470,952 |
Asia | 39,294 |  |  | 33,432 |
Europe and Middle East | 154,794 |  |  | 135,341 |
Latin America | 14,351 |  |  | 12,377 |
Total international | $ | 208,439 |  |  | $ | 181,150 |
| $ | 733,786 |  |  | $ | 652,102 |

X
- Definition Net Sales Summary By Segment [Table Text Block] + References No definition available. + Details
Name: | midd_NetSalesSummaryBySegmentTableTextBlock
Namespace Prefix: | midd_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Schedule of Segment Reporting Information, by Segment, Table [Text Block] + References No definition available. + Details
Name: | midd_ScheduleOfSegmentReportingInformationBySegmentTableTextBlock
Namespace Prefix: | midd_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration