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Segment Information (Tables) | 9 Months Ended
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Sep. 28, 2024
Notes To Financial Statements [Abstract] |
Net Sales Summary By Segment | Net Sales Summary (dollars in thousands)
| Three Months Ended |  | Nine Months Ended
| Sep 28, 2024 |  | Sep 30, 2023 |  | Sep 28, 2024 |  | Sep 30, 2023
| Sales |  | Percent |  | Sales |  | Percent |  | Sales |  | Percent |  | Sales |  | Percent
Business Segments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial Foodservice | $ | 600,068 |  |  | 63.6 | % |  | $ | 634,009 |  |  | 64.7 | % |  | $ | 1,809,790 |  |  | 63.3 | % |  | $ | 1,893,607 |  |  | 62.5 | %
Food Processing | 169,523 |  |  | 18.0 |  |  | 166,667 |  |  | 17.0 |  |  | 511,610 |  |  | 17.8 |  |  | 528,918 |  |  | 17.5 |
Residential Kitchen | 173,218 |  |  | 18.4 |  |  | 179,975 |  |  | 18.3 |  |  | 539,881 |  |  | 18.9 |  |  | 605,504 |  |  | 20.0 |
Total | $ | 942,809 |  |  | 100.0 | % |  | $ | 980,651 |  |  | 100.0 | % |  | $ | 2,861,281 |  |  | 100.0 | % |  | $ | 3,028,029 |  |  | 100.0 | %
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
Three Months Ended September 28, 2024 |  |  |  |  |  |  |  |  |
Net sales | $ | 600,068 |  |  | $ | 169,523 |  |  | $ | 173,218 |  |  | $ | — |  |  | $ | 942,809 |
Income (loss) from operations (3) | 146,088 |  |  | 37,497 |  |  | 13,170 |  |  | (23,316) |  |  | 173,439 |
Depreciation expense (4) | 7,115 |  |  | 2,504 |  |  | 3,906 |  |  | 450 |  |  | 13,975 |
Amortization expense (5) | 11,479 |  |  | 1,736 |  |  | 1,814 |  |  | 1,776 |  |  | 16,805 |
Net capital expenditures | 6,049 |  |  | 3,585 |  |  | 1,809 |  |  | 46 |  |  | 11,489 |
Nine Months Ended September 28, 2024 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,809,790 |  |  | $ | 511,610 |  |  | $ | 539,881 |  |  | $ | — |  |  | $ | 2,861,281 |
Income (loss) from operations (3) | 429,459 |  |  | 110,333 |  |  | 27,840 |  |  | (81,352) |  |  | 486,280 |
Depreciation expense (4) | 21,043 |  |  | 6,811 |  |  | 11,680 |  |  | 1,295 |  |  | 40,829 |
Amortization expense (5) | 37,801 |  |  | 5,451 |  |  | 5,415 |  |  | 5,341 |  |  | 54,008 |
Net capital expenditures | 16,338 |  |  | 7,941 |  |  | 10,828 |  |  | 1,062 |  |  | 36,169 |
Total assets | $ | 3,703,812 |  |  | $ | 999,337 |  |  | $ | 1,963,444 |  |  | $ | 534,488 |  |  | $ | 7,201,081 |
Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |
Net sales | $ | 634,009 |  |  | $ | 166,667 |  |  | $ | 179,975 |  |  | $ | — |  |  | $ | 980,651 |
Income (loss) from operations (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 (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 |
(1)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. (2)Includes corporate and other general company assets and 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 28, 2024 |  | Sep 30, 2023
United States and Canada | $ | 473,941 |  |  | $ | 525,347 |
Asia | 40,953 |  |  | 39,294 |
Europe and Middle East | 225,847 |  |  | 154,794 |
Latin America | 10,958 |  |  | 14,351 |
Total international | $ | 277,758 |  |  | $ | 208,439 |
| $ | 751,699 |  |  | $ | 733,786 |

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