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Segment Information (Tables) | 12 Months Ended
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Dec. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table summarizes the results of operations for the company’s business segments(1) (dollars in thousands):
| Commercial Foodservice |  | Food Processing |  | Residential Kitchen |  | Corporate and Other(2) |  | Total
2023 |  |  |  |  |  |  |  |  |
Net sales | $ | 2,521,471 |  |  | $ | 720,618 |  |  | $ | 794,516 |  |  | $ | — |  |  | $ | 4,036,605 |
Income (loss) from operations (3) | 616,224 |  |  | 158,469 |  |  | (12,450) |  |  | (127,375) |  |  | 634,868 |
Depreciation expense (4) | 27,323 |  |  | 7,949 |  |  | 13,637 |  |  | 1,507 |  |  | 50,416 |
Amortization expense (5) | 56,728 |  |  | 9,271 |  |  | 9,052 |  |  | 7,137 |  |  | 82,188 |
Net capital expenditures | 39,272 |  |  | 14,999 |  |  | 25,960 |  |  | 4,948 |  |  | 85,179 |
Total assets | 3,751,746 |  |  | 1,009,857 |  |  | 1,941,204 |  |  | 203,885 |  |  | 6,906,692 |
Long-lived assets (6) | 340,375 |  |  | 98,920 |  |  | 227,131 |  |  | 95,021 |  |  | 761,447 |
2022 |  |  |  |  |  |  |  |  |
Net sales | $ | 2,394,762 |  |  | $ | 589,969 |  |  | $ | 1,048,122 |  |  | $ | — |  |  | $ | 4,032,853 |
Income (loss) from operations (3) | 548,536 |  |  | 107,459 |  |  | 127,948 |  |  | (144,339) |  |  | 639,604 |
Depreciation expense (4) | 24,299 |  |  | 6,045 |  |  | 13,596 |  |  | 679 |  |  | 44,619 |
Amortization expense (5) | 54,872 |  |  | 14,034 |  |  | 17,376 |  |  | 7,159 |  |  | 93,441 |
Net capital expenditures | 28,718 |  |  | 13,957 |  |  | 20,604 |  |  | 4,010 |  |  | 67,289 |
Total assets | 3,788,245 |  |  | 983,797 |  |  | 1,972,351 |  |  | 130,473 |  |  | 6,874,866 |
Long-lived assets (6) | 318,457 |  |  | 84,370 |  |  | 151,499 |  |  | 108,478 |  |  | 662,804 |
2021 |  |  |  |  |  |  |  |  |
Net sales | $ | 2,014,372 |  |  | $ | 499,135 |  |  | $ | 737,285 |  |  | $ | — |  |  | $ | 3,250,792 |
Income (loss) from operations (3,7,8) | 421,717 |  |  | 95,818 |  |  | 124,701 |  |  | (12,244) |  |  | 629,992 |
Depreciation expense (4) | 23,742 |  |  | 5,673 |  |  | 12,655 |  |  | 611 |  |  | 42,681 |
Amortization expense (5) | 54,461 |  |  | 9,696 |  |  | 11,628 |  |  | 6,777 |  |  | 82,562 |
Net capital expenditures | 26,022 |  |  | 9,596 |  |  | 9,232 |  |  | 1,701 |  |  | 46,551 |
Total assets | 3,520,821 |  |  | 639,061 |  |  | 2,153,758 |  |  | 69,958 |  |  | 6,383,598 |
Long-lived assets (6) | 291,320 |  |  | 56,207 |  |  | 169,028 |  |  | 41,112 |  |  | 557,667 |
(1)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. (2)Includes corporate and other general company assets and operations. (3)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. (4)Includes depreciation on right of use assets. (5)Includes amortization of deferred financing costs and Convertible Notes issuance costs. (6)Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets. (7)Termination fee from Welbilt merger is included in Corporate and Other. (8)Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021.
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):
| 2023 |  | 2022 |  | 2021
United States and Canada | $ | 502,479 |  |  | $ | 471,375 |  |  | $ | 379,431 |
Asia | 40,849 |  |  | 35,965 |  |  | 17,818 |
Europe and Middle East | 205,621 |  |  | 142,326 |  |  | 152,384 |
Latin America | 12,498 |  |  | 13,138 |  |  | 8,034 |
Total International | 258,968 |  |  | 191,429 |  |  | 178,236 |
| $ | 761,447 |  |  | $ | 662,804 |  |  | $ | 557,667 |

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