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v3.24.0.1

Segment Information - Results of Business Segments (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 30, 2023 | Dec. 31, 2022 | Jan. 01, 2022
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales |  | $ 4,036,605 | $ 4,032,853 |  | $ 3,250,792 |
Operating Income (Loss) | [1] | 634,868 | 639,604 |  | 629,992 |
Depreciation | [2] | 50,416 | 44,619 |  | 42,681 |
Amortization expense |  | 82,188 | 93,441 |  | 82,562 |
Net capital expenditures |  | 85,179 | 67,289 |  | 46,551 |
Total assets |  | 6,906,692 | 6,874,866 |  | 6,383,598 |
Long-lived assets | [3] | 761,447 | 662,804 |  | 557,667 |
Commercial Foodservice Equipment Group |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales |  | 2,521,471 | 2,394,762 |  | 2,014,372 |
Operating Income (Loss) | [1] | 616,224 | 548,536 |  | 421,717 | [4]
Depreciation | [2] | 27,323 | 24,299 |  | 23,742 |
Amortization expense |  | 56,728 | 54,872 |  | 54,461 |
Net capital expenditures |  | 39,272 | 28,718 |  | 26,022 |
Total assets |  | 3,751,746 | 3,788,245 |  | 3,520,821 |
Long-lived assets | [3] | 340,375 | 318,457 |  | 291,320 |
Food Processing Group |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales |  | 720,618 | 589,969 |  | 499,135 |
Operating Income (Loss) | [1] | 158,469 | 107,459 |  | 95,818 |
Depreciation | [2] | 7,949 | 6,045 |  | 5,673 |
Amortization expense |  | 9,271 | 14,034 |  | 9,696 |
Net capital expenditures |  | 14,999 | 13,957 |  | 9,596 |
Total assets |  | 1,009,857 | 983,797 |  | 639,061 |
Long-lived assets | [3] | 98,920 | 84,370 |  | 56,207 |
Residential Kitchen |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales |  | 794,516 | 1,048,122 |  | 737,285 |
Operating Income (Loss) | [1] | (12,450) | 127,948 |  | 124,701 | [4]
Depreciation | [2] | 13,637 | 13,596 |  | 12,655 |
Amortization expense |  | 9,052 | 17,376 |  | 11,628 |
Net capital expenditures |  | 25,960 | 20,604 |  | 9,232 |
Total assets |  | 1,941,204 | 1,972,351 |  | 2,153,758 |
Long-lived assets | [3] | 227,131 | 151,499 |  | 169,028 |
Corporate and Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net sales | [5] | 0 | 0 |  | 0 |
Operating Income (Loss) | [1],[5],[6] | (127,375) | (144,339) | [7] | (12,244) | [7]
Depreciation | [2],[5] | 1,507 | 679 |  | 611 |
Amortization expense | [5],[6],[8] | 7,137 | 7,159 |  | 6,777 |
Net capital expenditures | [5] | 4,948 | 4,010 |  | 1,701 |
Total assets | [5] | 203,885 | 130,473 |  | 69,958 |
Long-lived assets | [3],[5] | $ 95,021 | $ 108,478 |  | $ 41,112 |
[1] | Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 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.
[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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