The Middleby Corporation (MIDD) 10-Q 10 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 01, 2017	Aug. 04, 2017
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 1, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Registrant Name	Middleby Corp
Entity Central Index Key	769,520
Current Fiscal Year End Date	--12-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		57,610,771

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 01, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 64,873	$ 68,485
Accounts receivable, net of reserve for doubtful accounts of $12,399 and $12,600	327,148	325,868
Inventories, net	421,934	368,243
Prepaid expenses and other	50,798	42,704
Prepaid Taxes	19,566	6,399
Total current assets	884,319	811,699
Property, plant and equipment, net of accumulated depreciation of $128,408 and $119,435	264,786	221,571
Goodwill	1,134,994	1,092,722
Other intangibles	774,976	696,171
Long-term deferred tax assets	46,876	51,699
Other assets	34,584	43,274
Total assets	3,140,535	2,917,136
Current liabilities:
Current maturities of long-term debt	4,860	5,883
Accounts payable	148,913	146,921
Accrued expenses	290,855	335,605
Total current liabilities	444,628	488,409
Long-term debt	798,414	726,243
Long-term deferred tax liability	102,621	77,760
Liability, Defined Benefit Pension Plan, Noncurrent	323,795	322,988
Other non-current liabilities	43,517	36,418
Stockholders' equity:
Common stock, $0.01 par value; 95,000,000 shares authorized; 62,693,417 and 62,445,315 shares issued in 2017 and 2016, respectively	145	144
Paid-in capital	374,121	355,287
Treasury stock, at cost; 5,082,646 and 4,905,549 shares in 2017 and 2016, respectively	(229,925)	(205,280)
Retained earnings	1,547,761	1,399,490
Accumulated other comprehensive loss	(264,542)	(284,323)
Total stockholders' equity	1,427,560	1,265,318
Total liabilities and stockholders' equity	$ 3,140,535	$ 2,917,136

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jul. 01, 2017	Dec. 31, 2016
Accounts receivable, reserve for doubtful accounts	$ 9,175	$ 9,091
Property, plant and equipment, accumulated depreciation	$ 85,836	$ 82,998
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	95,000,000	95,000,000
Common stock, shares issued	62,189,296	62,088,592
Treasury stock, shares	4,862,264	4,816,912

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands		3 Months Ended				6 Months Ended
		Jul. 01, 2017		Jul. 02, 2016		Jul. 01, 2017	Jul. 02, 2016
Net sales	[1]	$ 579,343		$ 580,456		$ 1,109,640	$ 1,096,811
Cost of sales		344,735		346,954		665,582	666,536
Gross profit		234,608		233,502		444,058	430,275
Selling, General and Administrative Expense		113,020		115,199		219,666	224,991
Restructuring Charges		11,494		6,390		13,219	6,996
Gain (Loss) on Disposition of Assets		(12,042)		0		(12,042)	0
Income from operations		122,136	[1]	111,913	[1]	223,215	198,288
Net interest expense and deferred financing amortization, net		5,702		6,059		11,507	11,335
Other (income) expense, net		302		(3,838)		2,169	(4,638)
Earnings before income taxes		116,132		109,692		209,539	191,591
Provision for income taxes		38,563		36,801		61,268	64,162
Net earnings		$ 77,569		$ 72,891		$ 148,271	$ 127,429
Net earnings per share:
Basic (in usd per share)		$ 1.35		$ 1.28		$ 2.59	$ 2.23
Diluted (in usd per share)		$ 1.35		$ 1.28		$ 2.59	$ 2.23
Weighted average number of shares
Basic (in shares)		57,299		57,022		57,201	57,037
Dilutive common stock equivalents (in shares)		0	[2]	0	[2]	0	0
Diluted (in shares)		57,299		57,022		57,201	57,037
Comprehensive income		$ 88,542		$ 54,388		$ 168,052	$ 112,187
[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.
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CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016
Cash flows from operating activities--
Net earnings	$ 148,271	$ 127,429
Adjustments to reconcile net earnings to net cash provided by operating activities--
Depreciation and amortization	32,315	31,240
Non-cash share-based compensation	6,505	11,160
Deferred taxes	17,579	8,593
Gain (Loss) on Disposition of Assets	(12,042)	0
Gain (Loss) on Sale of Assets and Asset Impairment Charges	2,929	0
Changes in assets and liabilities, net of acquisitions
Accounts receivable, net	17,257	(16,745)
Inventories, net	(25,607)	(23,358)
Prepaid expenses and other assets	(17,442)	(8,575)
Accounts payable	(10,832)	36
Accrued expenses and other liabilities	(72,897)	(34,098)
Net cash provided by operating activities	86,036	95,682
Cash flows from investing activities--
Additions to property and equipment	(31,708)	(13,108)
Proceeds from Sale of Property Held-for-sale	14,278	0
Payments to Acquire Businesses, Net of Cash Acquired	(119,262)	(212,024)
Net cash (used in) investing activities	(136,692)	(225,132)
Cash flows from financing activities--
Net (repayments) proceeds under current revolving credit facilities	70,548	128,500
Net (repayments) proceeds under foreign bank loan	(1,130)	26,165
Proceeds from (Repayments of) Notes Payable	(17)	(17)
Repurchase of treasury stock	(24,645)	(4,418)
Excess tax benefit related to share-based compensation	0	(833)
Net cash (used in) provided by financing activities	44,756	149,397
Effect of exchange rates on cash and cash equivalents	2,288	(1,444)
Changes in cash and cash equivalents--
Net (decrease) increase in cash and cash equivalents	(3,612)	18,503
Cash and cash equivalents at beginning of year	68,485	$ 55,528
Cash and cash equivalents at end of quarter	64,873
Stock Issued During Period, Value, Acquisitions	$ 12,330

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 01, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies A) Basis of Presentation The condensed consolidated financial statements have been prepared by The Middleby Corporation (the "company" or “Middleby”), pursuant to the rules and regulations of the Securities and Exchange Commission. The financial statements are unaudited and certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the company believes that the disclosures are adequate to make the information not misleading. These financial statements should be read in conjunction with the financial statements and related notes contained in the company's 2016 Form 10-K. The company’s interim results are not necessarily indicative of future full year results for the fiscal year 2017 . In the opinion of management, the financial statements contain all adjustments, which are normal and recurring in nature, necessary to present fairly the financial position of the company as of July 1, 2017 and December 31, 2016 , the results of operations for the three and six months ended July 1, 2017 and July 2, 2016 and cash flows for the six months ended July 1, 2017 and July 2, 2016 . Certain prior year amounts have been reclassified to be consistent with current year presentation, including combining selling and distribution expenses with general and administrative expenses. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses. Significant estimates and assumptions are used for, but are not limited to, allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves, non-cash share-based compensation and post-retirement obligations. Actual results could differ from the company's estimates. B) Non-Cash Share-Based Compensation The company estimates the fair value of market-based stock awards and stock options at the time of grant and recognizes compensation cost over the vesting period of the awards and options. Non-cash share-based compensation expense was $3.0 million and $6.2 million for the second quarter periods ended July 1, 2017 and July 2, 2016 , respectively. Non-cash share-based compensation expense was $6.5 million and $11.2 million for the six months ended July 1, 2017 and July 2, 2016 , respectively. During the first quarter ended April 1, 2017, the company issued restricted shares under its 2011 Stock Incentive Plan. These amounts are contingent on the attainment of certain performance objectives. The aggregate grant-date fair value of these awards was $9.6 million , based on the closing share price of the company's stock at the date of the grant. C) Income Taxes As of December 31, 2016 , the total amount of liability for unrecognized tax benefits related to federal, state and foreign taxes was approximately $20.3 million (of which $20 million would impact the effective tax rate if recognized) plus approximately $2.7 million of accrued interest and $4.9 million of penalties. The company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. As of July 1, 2017 , the company recognized a tax expense of $2.7 million for unrecognized tax benefits related to current year tax exposures. It is reasonably possible that the amounts of unrecognized tax benefits associated with state, federal and foreign tax positions may decrease over the next twelve months due to expiration of a statute or completion of an audit. The company believes that it is reasonably possible that approximately $2.4 million of its remaining unrecognized tax benefits may be recognized over the next twelve months as a result of lapses of statutes of limitations. The effective rate for the six months period ended July 1, 2017 was 29.2% as compared to 33.5% for the six months period ended July 2, 2016 . The tax rate in the six months period ended July 1, 2017 was favorably impacted by a tax benefit from the adoption of ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Accounting," which resulted in the recognition of excess tax benefits from share-based payments to be recognized as income tax benefit in the condensed consolidated statement of comprehensive income. A summary of the tax years that remain subject to examination in the company’s major tax jurisdictions are: United States - federal 2012 – 2016 United States - states 2007 – 2016 Australia 2012 – 2016 Brazil 2012 – 2016 Canada 2007 – 2016 China 2007 – 2016 Czech Republic 2014 – 2016 Denmark 2012 – 2016 Estonia 2013 – 2016 France 2014 – 2016 Germany 2014 – 2016 India 2013 – 2016 Ireland 2010 – 2016 Italy 2012 – 2016 Luxembourg 2012 – 2016 Mexico 2011 – 2016 Netherlands 2005 – 2016 Philippines 2014 – 2016 Poland 2011 – 2016 Romania 2007 – 2016 Spain 2012 – 2016 Sweden 2010 – 2016 Switzerland 2008 – 2016 Taiwan 2012 – 2012 United Kingdom 2015 – 2016 D) Fair Value Measures ASC 820 "Fair Value Measurements and Disclosures" defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly. Level 3 – Unobservable inputs based on our own assumptions. The company’s financial liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands): Fair Value Level 1 Fair Value Level 2 Fair Value Level 3 Total As of July 1, 2017 Financial Assets: Interest rate swaps $ — $ 7,894 $ — $ 7,894 Financial Liabilities: Interest rate swaps $ — $ 3 $ — $ 3 Contingent consideration $ — $ — $ 4,108 $ 4,108 As of December 31, 2016 Financial Assets: Interest rate swaps $ — $ 8,842 $ — $ 8,842 Financial Liabilities: Interest rate swaps $ — $ 100 $ — $ 100 Contingent consideration $ — $ — $ 6,612 $ 6,612 The contingent consideration as of July 1, 2017 relates to the earnout provisions recorded in conjunction with the acquisitions of Desmon and Induc. The contingent consideration as of December 31, 2016 relates to the earnout provisions recorded in conjunction with the acquisitions of PES, Desmon, Goldstein Eswood and Induc. The earnout provisions associated with these acquisitions are based upon performance measurements related to sales and earnings, as defined in the respective purchase agreements. On a quarterly basis the company assesses the projected results for each of the acquired businesses in comparison to the earnout targets and adjusts the liability accordingly. During the six months ended July 1, 2017 the change in contingent consideration is primarily related to payments on earnout provisions. E) Consolidated Statements of Cash Flows Cash paid for interest was $11.3 million and $10.3 million for the six months ended July 1, 2017 and July 2, 2016 , respectively. Cash payments totaling $75.1 million and $53.6 million were made for income taxes for the six months ended July 1, 2017 and July 2, 2016 , respectively.

Litigation Matters

Litigation Matters	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Litigation Matters	Litigation Matters From time to time, the company is subject to proceedings, lawsuits and other claims related to products, suppliers, employees, customers and competitors. The company maintains insurance to partially cover product liability, workers compensation, property and casualty, and general liability matters. The company is required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of accrual required, if any, for these contingencies is made after assessment of each matter and the related insurance coverage. The required accrual may change in the future due to new developments or changes in approach such as a change in settlement strategy in dealing with these matters. The company does not believe that any pending litigation will have a material effect on its financial condition, results of operations or cash flows.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards In May 2014, the Financial Accounts Standards Board ("FASB") issued ASU No. 2014-09, “Revenue from Contracts with Customers”. This update amends the current guidance on revenue recognition related to contracts with customers. Under ASU No. 2014-09, an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In early 2016, the FASB issued additional updates: ASU No. 2016-10, 2016-11 and 2016-12. These updates provide further guidance and clarification on specific items within the previously issued update. In July 2015, the FASB decided to delay the effective date of the new revenue standard to be effective for interim and annual periods beginning on or after December 15, 2017 for public companies. The guidance can be applied using one of two retrospective application methods. The company established a global steering committee with a project plan to analyze the impact of this standard. The company has begun surveying the businesses within each reporting segment, identifying the various revenue streams, initiating contract reviews and reviewing current accounting policies and practices to identify potential differences that would result from the application of the standard. The company will adopt this standard, as required, for fiscal year 2018 and expects to use the modified retrospective approach, with the cumulative effect, if any, recognized in the opening balance of retained earnings. The company is continuing to evaluate the impact the application of these ASU's will have, if any, on the company's financial position, results of operations or cash flows. In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory,” which is intended to simplify the subsequent measurement of inventories by replacing the current lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined by methods other than last-in first-out and the retail inventory method. Application of the standard, which should be applied prospectively, is required for the annual and interim periods beginning after December 15, 2016. Early adoption is permitted. We adopted this guidance on January 1, 2017 and it did not have an impact on the company's financial position, results of operations or cash flows. In November 2015, the FASB issued ASU 2015-17 "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes". The amendments in ASU 2015-17 simplify the accounting for, and presentation of, deferred taxes by eliminating the need to separately classify the current amount of deferred tax assets or liabilities. Instead, aggregated deferred tax assets and liabilities are classified and reported as non-current assets or liabilities. The update is effective for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2016. The company early adopted ASU 2015-17 effective April 3, 2016 on a prospective basis. Adoption of this ASU resulted in a reclassification of the company's net current deferred tax asset to the net non-current deferred tax liability in the company's Consolidated Balance Sheet as of July 2, 2016. No prior periods were retrospectively adjusted. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)". The amendments under this pronouncement will change the way all leases with a duration of one year of more are treated. Under this guidance, lessees will be required to capitalize virtually all leases on the balance sheet as a right-of-use asset and an associated financing lease liability or capital lease liability. The right-of-use asset represents the lessee’s right to use, or control the use of, a specified asset for the specified lease term. The lease liability represents the lessee’s obligation to make lease payments arising from the lease, measured on a discounted basis. Based on certain characteristics, leases are classified as financing leases or operating leases. Financing lease liabilities, those that contain provisions similar to capitalized leases, are amortized like capital leases are under current accounting, as amortization expense and interest expense in the statement of operations. Operating lease liabilities are amortized on a straight-line basis over the life of the lease as lease expense in the statement of operations. This update is effective for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2018. The company is currently evaluating the impact this standard will have on its policies and procedures pertaining to its existing and future lease arrangements, disclosure requirements and on the company's financial position, results of operations or cash flows. In March 2016, the FASB issued ASU No. 2016-05, "Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships". The amendments in ASU 2016-05 clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument under Topic 815 does not, in and of itself, require dedesignation of the hedging relationship provided that all other hedge accounting criteria continue to be met. The amendments in this update may be applied on either a prospective basis or a modified retrospective basis. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2016. We adopted this guidance on January 1, 2017 and it did not have an impact on the company's financial position, results of operations or cash flows. In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Accounting". The amendments in ASU-09 simplify the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2016. The company adopted ASU No. 2016-09 effective January 1, 2017 on a prospective basis. The adoption of this guidance resulted in the recognition of excess tax benefits in the company's provision for income taxes within the Condensed Consolidated Statements of Comprehensive Income rather than paid-in-capital of approximately $7.9 million for the six months period ended July 1, 2017 . Additionally, the company's Condensed Consolidated Statement of Cash Flows now presents excess tax benefits as an operating activity rather than a financing activity. In August 2016, the FASB issued ASU No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments". The amendments in ASU-15 address eight specific cash flow classification issues to reduce current and potential future diversity in practice. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2017. The company is evaluating the impact the application of this ASU will have, if any, on the company's cash flows. In October 2016, the FASB issued ASU No. 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory". The amendments in ASU-16 prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer other than inventory until the asset has been sold to an outside party. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2017. The company is evaluating the impact the application of this ASU will have, if any, on the company's financial position, results of operations or cash flows. In January 2017, the FASB issued ASU No. 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business". The amendments in ASU-01 clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of businesses. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2017. The company does not expect the adoption of this ASU to have a material impact on its financial position, results of operations or cash flows. In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment". The amendments in ASU-04 simplify the subsequent measurement of goodwill, by removing the second step of the goodwill impairment test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value. The new guidance does not amend the optional qualitative assessment of goodwill impairment. This ASU is effective for annual reporting periods, and interim reporting periods, beginning after December 15, 2019. Early adoption is permitted for testing dates after January 1, 2017. The company does not expect the adoption of this ASU to have a material impact on its financial position, results of operations or cash flows. In March 2017, the FASB issued ASU No. 2017-07, "Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost". The amendments in ASU-07 require that an employer report the service costs component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net periodic pension cost and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2017. Early adoption is permitted. Net income will not change as a result of the adoption of this standard. The company is currently evaluating the remaining impacts the ASU will have on its condensed consolidated financial statements.

Other Comprehensive Income

Other Comprehensive Income	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Other Comprehensive Income	) Other Comprehensive Income The company reports changes in equity during a period, except those resulting from investments by owners and distributions to owners, in accordance with ASC 220, "Comprehensive Income". Changes in accumulated other comprehensive income(1) were as follows (in thousands): Currency Translation Adjustment Pension Benefit Costs Unrealized Gain/(Loss) Interest Rate Swap Total Balance as of December 31, 2016 $ (116,411 ) $ (173,394 ) $ 5,482 $ (284,323 ) Other comprehensive income before reclassification 29,456 (9,174 ) 305 20,587 Amounts reclassified from accumulated other comprehensive income — — (806 ) (806 ) Net current-period other comprehensive income $ 29,456 $ (9,174 ) $ (501 ) $ 19,781 Balance as of July 1, 2017 $ (86,955 ) $ (182,568 ) $ 4,981 $ (264,542 ) (1) As of July 1, 2017 pension and interest rate swap amounts are net of tax of $(39.9) million and $3.3 million , respectively. Components of other comprehensive income were as follows (in thousands): Three Months Ended Six Months Ended Jul 1, 2017 Jul 2, 2016 Jul 1, 2017 Jul 2, 2016 Net earnings $ 77,569 $ 72,891 $ 148,271 $ 127,429 Currency translation adjustment 18,621 (19,579 ) 29,456 (19,975 ) Pension liability adjustment, net of tax (6,647 ) 1,078 (9,174 ) 4,856 Unrealized gain on interest rate swaps, net of tax (1,001 ) (2 ) (501 ) (123 ) Comprehensive income $ 88,542 $ 54,388 $ 168,052 $ 112,187

Inventories

Inventories	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Inventories	Inventories Inventories are composed of material, labor and overhead and are stated at the lower of cost or market. Costs for inventory have been determined using the first-in, first-out ("FIFO") method. The company estimates reserves for inventory obsolescence and shrinkage based on its judgment of future realization. Inventories at July 1, 2017 and December 31, 2016 are as follows: Jul 1, 2017 Dec 31, 2016 (in thousands) Raw materials and parts $ 187,077 $ 154,647 Work-in-process 38,556 35,975 Finished goods 196,301 177,621 $ 421,934 $ 368,243

Goodwill

Goodwill	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Goodwill	Goodwill Changes in the carrying amount of goodwill for the six months ended July 1, 2017 are as follows (in thousands): Commercial Foodservice Food Processing Residential Kitchen Total Balance as of December 31, 2016 $ 542,090 $ 134,680 $ 415,952 $ 1,092,722 Goodwill acquired during the year $ 33,785 $ 27,586 $ — $ 61,371 Measurement period adjustments to goodwill acquired in prior year (36,408 ) 41 — (36,367 ) Exchange effect 4,124 2,660 10,484 17,268 Balance as of July 1, 2017 $ 543,591 $ 164,967 $ 426,436 $ 1,134,994

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jul. 01, 2017
Disclosure Accrued Expenses [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consist of the following: Jul 1, 2017 Dec 31, 2016 (in thousands) Accrued payroll and related expenses $ 62,232 $ 74,505 Accrued warranty 48,965 40,851 Advanced customer deposits 40,394 41,735 Accrued customer rebates 29,972 49,923 Accrued professional fees 13,460 16,605 Accrued sales and other tax 13,093 13,565 Accrued agent commission 11,644 12,834 Accrued product liability and workers compensation 11,557 11,417 Product recall 6,154 7,003 Restructuring 3,945 2,295 Other accrued expenses 49,439 64,872 $ 290,855 $ 335,605

Warranty Costs

Warranty Costs	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Warranty Costs	Warranty Costs In the normal course of business the company issues product warranties for specific product lines and provides for the estimated future warranty cost in the period in which the sale is recorded. The estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Because warranty estimates are forecasts that are based on the best available information, actual claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable. A rollforward of the warranty reserve is as follows: Six Months Ended Jul 1, 2017 (in thousands) Balance as of December 31, 2016 $ 40,851 Warranty reserve related to acquisitions 6,288 Warranty expense 27,611 Warranty claims (25,785 ) Balance as of July 1, 2017 $ 48,965

Financing Arrangements

Financing Arrangements	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Financing Arrangements	Financing Arrangements Jul 1, 2017 Dec 31, 2016 (in thousands) Credit Facility $ 797,647 $ 725,500 Other international credit facilities 5,432 6,413 Other debt arrangement 195 213 Total debt $ 803,274 $ 732,126 Less: Current maturities of long-term debt 4,860 5,883 Long-term debt $ 798,414 $ 726,243 On July 28, 2016, the company entered into an amended and restated five-year $2.5 billion multi-currency senior secured revolving credit agreement (the "Credit Facility"), with the potential under certain circumstances to increase the amount of the Credit Facility to $3.0 billion . As of July 1, 2017 , the company had $797.6 million of borrowings outstanding under the Credit Facility, including $766.5 million of borrowings in U.S. Dollars and $31.1 million of borrowings denominated in British Pounds. The company also had $9.1 million in outstanding letters of credit as of July 1, 2017 , which reduces the borrowing availability under the Credit Facility. Remaining borrowing availability under this facility was $1.7 billion at July 1, 2017 . At July 1, 2017 , borrowings under the Credit Facility accrued interest at a rate of 1.13% above LIBOR per annum or 0.13% above the highest of the prime rate, the federal funds rate plus 0.50% and one month LIBOR plus 1.00% . The average interest rate per annum on the debt under the Credit Facility was equal to 2.58% for the period. The interest rates on borrowings under the Credit Facility may be adjusted quarterly based on the company’s funded debtless unrestricted cash to pro forma EBITDA (the “Leverage Ratio”) on a rolling four-quarter basis. Additionally, a commitment fee based upon the Leverage Ratio is charged on the unused portion of the commitments under the Credit Facility. This variable commitment fee was equal to 0.150% per annum as of July 1, 2017 . In addition, the company has other international credit facilities to fund working capital needs outside the United States and the United Kingdom. At July 1, 2017 , these foreign credit facilities amounted to $5.4 million in U.S. dollars with a weighted average per annum interest rate of approximately 8.05% . The company’s debt is reflected on the balance sheet at cost. The company believes its interest rate margins on its existing debt are consistent with current market conditions and therefore the carrying value of debt reflects the fair value. The interest rate margin is based on the company's Leverage Ratio. The company estimated the fair value of its loans by calculating the upfront cash payment a market participant would require to assume the company’s obligations. The upfront cash payment is the amount that a market participant would be able to lend to achieve sufficient cash inflows to cover the cash outflows under the company’s senior secured revolving credit facility assuming the facility was outstanding in its entirety until maturity. Since the company maintains its borrowings under a revolving credit facility and there is no predetermined borrowing or repayment schedule, for purposes of this calculation the company calculated the fair value of its obligations assuming the current amount of debt at the end of the period was outstanding until the maturity of the company’s Credit Facility in July 2021. Although borrowings could be materially greater or less than the current amount of borrowings outstanding at the end of the period, it is not practical to estimate the amounts that may be outstanding during future periods. The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt is as follows (in thousands): Jul 1, 2017 Dec 31, 2016 Carrying Value Fair Value Carrying Value Fair Value Total debt $ 803,274 $ 803,274 $ 732,126 $ 732,126 The company uses floating-to-fixed interest rate swap agreements to hedge variable interest rate risk associated with the Credit Facility. At July 1, 2017 , the company had outstanding floating-to-fixed interest rate swaps totaling $85.0 million notional amount carrying an average interest rate of 0.98% maturing in less than 12 months and $324.0 million notional amount carrying an average interest rate of 1.30% that mature in more than 12 months but less than 84 months. . The company believes that its current capital resources, including cash and cash equivalents, cash expected to be generated from operations, funds available from its current lenders and access to the credit and capital markets will be sufficient to finance its operations, debt service obligations, capital expenditures, product development and expenditures for the foreseeable future. The terms of the Credit Facility limit the ability of the company and its subsidiaries to, with certain exceptions: incur indebtedness; grant liens; engage in certain mergers, consolidations, acquisitions and dispositions; make restricted payments; enter into certain transactions with affiliates; and requires, among other things, the company to satisfy certain financial covenants: (i) a minimum Interest Coverage Ratio (as defined in the Credit Facility) of 3.00 to 1.00 and (ii) a maximum Leverage Ratio of Funded Debtless Unrestricted Cash to Pro Forma EBIDTA (each as defined in the Credit Facility) of 3.50 to 1.00 , which may be adjusted to 4.00 to 1.00 for a four consecutive fiscal quarter period in connection with certain qualified acquisitions, subject to the terms and conditions contained in the Credit Facility. The Credit Facility is secured by substantially all of the assets of Middleby Marshall, the company and the company's domestic subsidiaries and is unconditionally guaranteed by, subject to certain exceptions, the company and certain of the company's direct and indirect material foreign and domestic subsidiaries. The Credit Facility contains certain customary events of default, including, but not limited to, the failure to make required payments; bankruptcy and other insolvency events; the failure to perform certain covenants; the material breach of a representation or warranty; non-payment of certain other indebtedness; the entry of undischarged judgments against the company or any subsidiary for the payment of material uninsured amounts; the invalidity of the company guarantee or any subsidiary guaranty; and a change of control of the company. At July 1, 2017 , the company was in compliance with all covenants pursuant to its borrowing agreements.

Financial Instruments

Financial Instruments	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Financial Instruments	Financial Instruments ASC 815 “Derivatives and Hedging” requires an entity to recognize all derivatives as either assets or liabilities and measure those instruments at fair value. Derivatives that do not qualify as a hedge must be adjusted to fair value in earnings. If a derivative does qualify as a hedge under ASC 815, changes in the fair value will either be offset against the change in the fair value of the hedged assets, liabilities or firm commitments or recognized in other accumulated comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a hedge's change in fair value will be immediately recognized in earnings. Foreign Exchange : The company uses foreign currency forward and option purchase and sales contracts with terms of less than one year to hedge its exposure to changes in foreign currency exchange rates. The company’s primary hedging activities are to mitigate its exposure to changes in exchange rates on intercompany and third party trade receivables and payables. The company does not currently enter into derivative financial instruments for speculative purposes. In managing its foreign currency exposures, the company identifies and aggregates naturally occurring offsetting positions and then hedges residual balance sheet exposures. The fair value of the forward and option contracts was a loss of $2.8 million at the end of the second quarter of 2017 . Interest Rate: The company has entered into interest rate swaps to fix the interest rate applicable to certain of its variable-rate debt. The agreements swap one-month LIBOR for fixed rates. The company has designated these swaps as cash flow hedges and all changes in fair value of the swaps are recognized in accumulated other comprehensive income. As of July 1, 2017 , the fair value of these instruments was an asset of $7.9 million . The change in fair value of these swap agreements in the first six months of 2017 was a loss of $1.0 million , net of taxes. The following table summarizes the company’s fair value of interest rate swaps (in thousands): Condensed Consolidated Balance Sheet Presentation Jul 1, 2017 Dec 31, 2016 Fair value Other assets $ 7,894 $ 8,842 Fair value Accrued expenses $ (3 ) $ (100 ) The impact on earnings from interest rate swaps was as follows (in thousands): Three Months Ended Six Months Ended Presentation of Gain/(loss) Jul 1, 2017 Jul 2, 2016 Jul 1, 2017 Jul 2, 2016 Gain/(loss) recognized in accumulated other comprehensive income Other comprehensive income $ (1,955 ) $ (211 ) $ (1,643 ) $ (730 ) Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (284 ) $ (208 ) $ (806 ) $ (525 ) Gain/(loss) recognized in income (ineffective portion) Other expense $ (8 ) $ (4 ) $ (15 ) $ 7 Interest rate swaps are subject to default risk to the extent the counterparties are unable to satisfy their settlement obligations under the interest rate swap agreements. The company reviews the credit profile of the financial institutions that are counterparties to such swap agreements and assesses their creditworthiness prior to entering into the interest rate swap agreements and throughout the term. The interest rate swap agreements typically contain provisions that allow the counterparty to require early settlement in the event that the company becomes insolvent or is unable to maintain compliance with its covenants under its existing debt agreements.

Segment Information

Segment Information	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Segment Information	Segment Information The company operates in three reportable operating segments defined by management reporting structure and operating activities. The Commercial Foodservice Equipment Group manufactures, sells, and distributes cooking equipment for the restaurant and institutional kitchen industry. This business segment has manufacturing facilities in California, Illinois, Michigan, New Hampshire, North Carolina, Pennsylvania, Tennessee, Texas, Vermont, Washington, Australia, China, Denmark, Estonia, Italy, the Philippines, Poland, Sweden and the United Kingdom. Principal product lines of this group include conveyor ovens, ranges, steamers, convection ovens, combi-ovens, broilers and steam cooking equipment, induction cooking systems, baking and proofing ovens, charbroilers, catering equipment, fryers, toasters, hot food servers, food warming equipment, griddles, coffee and beverage dispensing equipment, professional refrigerators, coldrooms, ice machines, freezers and kitchen processing and ventilation equipment. These products are sold and marketed under the brand names: Anets, Bear Varimixer, Beech, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, CTX, Carter-Hoffmann, Celfrost, Concordia, CookTek, Desmon, Doyon, Eswood, Follett, Frifri, Giga, Goldstein, Holman, Houno, IMC, Induc, Jade, Lang, Lincat, MagiKitch’n, Market Forge, Marsal, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco, Southbend, Star, Sveba Dahlen, Toastmaster, TurboChef, Wells and Wunder-Bar. The Food Processing Equipment Group manufactures preparation, cooking, packaging, food handling and food safety equipment for the food processing industry. This business segment has manufacturing operations in Georgia, Illinois, Iowa, North Carolina, Oklahoma, Texas, Virginia, Wisconsin, France, Germany and the United Kingdom. Principal product lines of this group include batch ovens, belt ovens, continuous processing ovens, frying systems, automated thermal processing systems, automated loading and unloading systems, meat presses, breading, battering, mixing, seeding, water cutting systems, forming, grinding and slicing equipment, food suspension, reduction and emulsion systems, defrosting equipment, packaging and food safety equipment. These products are sold and marketed under the brand names: Alkar, Armor Inox, Auto-Bake, Baker Thermal Solutions, Burford, Cozzini, CVP Systems, Danfotech, Drake, Glimek, Maurer-Atmos, MP Equipment, RapidPak, Spooner Vicars, Stewart Systems and Thurne. The Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market. This business segment has manufacturing facilities in California, Michigan, Mississippi, Wisconsin, France, Ireland, Romania, and the United Kingdom. Principal product lines of this group include ranges, cookers, ovens, refrigerators, dishwashers, microwaves, cooktops and outdoor equipment. These products are sold and marketed under the brand names of AGA, AGA Cookshop, Brigade, Fired Earth, Grange, Heartland, La Cornue, Leisure Sinks, Lynx, Marvel, Mercury, Rangemaster, Rayburn, Redfyre, Sedona, Stanley, TurboChef, U-Line and Viking. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The chief operating decision maker evaluates individual segment performance based on operating income. Net Sales Summary (dollars in thousands) Three Months Ended Six Months Ended Jul 1, 2017 Jul 2, 2016 Jul 1, 2017 Jul 2, 2016 Sales Percent Sales Percent Sales Percent Sales Percent Business Segments: Commercial Foodservice $ 333,753 57.6 % $ 321,028 55.3 % $ 646,002 58.2 % $ 600,014 54.7 % Food Processing 92,368 15.9 83,475 14.4 169,644 15.3 162,111 14.8 Residential Kitchen 153,222 26.5 175,953 30.3 293,994 26.5 334,686 30.5 Total $ 579,343 100.0 % $ 580,456 100.0 % $ 1,109,640 100.0 % $ 1,096,811 100.0 % The following table summarizes the results of operations for the company's business segments (1) (in thousands): Commercial Foodservice Food Processing Residential Kitchen Corporate and Other (2) Total Three Months Ended July 1, 2017 Net sales $ 333,753 $ 92,368 $ 153,222 $ — $ 579,343 Income (loss) from operations 95,007 24,199 22,006 (19,076 ) 122,136 Depreciation and amortization expense 8,496 1,657 7,627 478 18,258 Net capital expenditures 20,764 1,308 1,661 (301 ) 23,432 Six Months Ended July 1, 2017 Net sales $ 646,002 $ 169,644 $ 293,994 $ — $ 1,109,640 Income (loss) from operations 175,548 42,188 40,918 (35,439 ) 223,215 Depreciation and amortization expense 13,478 3,044 14,834 959 32,315 Net capital expenditures 26,749 1,946 2,943 70 31,708 Total assets $ 1,495,316 $ 393,674 $ 1,205,676 $ 45,869 $ 3,140,535 Three Months Ended July 2, 2016 Net sales $ 321,028 $ 83,475 $ 175,953 $ — $ 580,456 Income (loss) from operations 93,732 19,186 22,364 (23,369 ) 111,913 Depreciation and amortization expense 5,575 1,520 8,238 977 16,310 Net capital expenditures 3,322 884 1,078 131 5,415 Six Months Ended July 2, 2016 Net sales $ 600,014 $ 162,111 $ 334,686 $ — $ 1,096,811 Income (loss) from operations 170,301 37,049 32,215 (41,277 ) 198,288 Depreciation and amortization expense 9,946 2,958 16,942 1,394 31,240 Net capital expenditures 7,506 2,682 2,789 131 13,108 Total assets $ 1,367,664 $ 321,694 $ 1,195,379 $ 46,933 $ 2,931,670 (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. Geographic Information Long-lived assets, not including goodwill and other intangibles (in thousands): Jul 1, 2017 Jul 2, 2016 United States and Canada $ 202,789 $ 170,854 Asia 15,370 15,582 Europe and Middle East 127,053 64,199 Latin America 1,034 1,151 Total international $ 143,457 $ 80,932 $ 346,246 $ 251,786 Net sales (in thousands): Three Months Ended Six Months Ended Jul 1, 2017 Jul 2, 2016 Jul 1, 2017 Jul 2, 2016 United States and Canada $ 394,004 $ 381,369 $ 754,105 $ 707,310 Asia 44,873 43,796 87,565 81,590 Europe and Middle East 115,063 134,484 223,767 271,088 Latin America 25,403 20,807 44,203 36,823 Total international $ 185,339 $ 199,087 $ 355,535 $ 389,501 $ 579,343 $ 580,456 $ 1,109,640 $ 1,096,811

Employee Retirement Plans

Employee Retirement Plans	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Employee Retirement Plans	Employee Retirement Plans (a) Pension Plans U.S. Plans: The company maintains a non-contributory defined benefit plan for its union employees at the Elgin, Illinois facility. Benefits are determined based upon retirement age and years of service with the company. This defined benefit plan was frozen on April 30, 2002, and no further benefits accrue to the participants beyond this date. Plan participants will receive or continue to receive payments for benefits earned on or prior to April 30, 2002 upon reaching retirement age. The company maintains a non-contributory defined benefit plan for its employees at the Smithville, Tennessee facility, which was acquired as part of the Star acquisition. Benefits are determined based upon retirement age and years of service with the company. This defined benefit plan was frozen on April 1, 2008, and no further benefits accrue to the participants beyond this date. Plan participants will receive or continue to receive payments for benefits earned on or prior to April 1, 2008 upon reaching retirement age. The company also maintains a retirement benefit agreement with its Chairman ("Chairman Plan"). The retirement benefits are based upon a percentage of the Chairman’s final base salary. Non-U.S. Plans: The company maintains a defined benefit plan for its employees at the Wrexham, the United Kingdom facility, which was acquired as part of the Lincat acquisition. Benefits are determined based upon retirement age and years of service with the company. This defined benefit plan was frozen on April 30, 2010 prior to Middleby’s acquisition of the company. No further benefits accrue to the participants beyond this date. Plan participants will receive or continue to receive payments for benefits earned on or prior to April 30, 2010 upon reaching retirement age. The company maintains several pension plans related to AGA and its subsidiaries (collectively, the "AGA Group"), the most significant being the Aga Rangemaster Group Pension Scheme, which covers the majority of employees in the United Kingdom. Membership in the plan on a defined benefit basis of pension provision was closed to new entrants in 2001. The plan became open to new entrants on a defined contribution basis of pension provision in 2002, but was generally closed to new entrants on this basis during 2014. The other, much smaller, defined benefit pension plans operating within the AGA Group cover employees in France, Ireland and the United Kingdom. All pension plan assets are held in separate trust funds although the net defined benefit pension obligations are included in the company's consolidated balance sheet. The following table summarizes the company's net periodic pension benefit related to the AGA Group pension plans (in thousands): Three Months Ended Six Months Ended July 1, 2017 July 2, 2016 July 1, 2017 July 2, 2016 Net Periodic Pension Benefit: Service cost $ 996 $ 888 $ 1,960 $ 1,777 Interest cost 8,017 10,654 15,781 21,324 Expected return on assets (17,323 ) (17,579 ) (34,097 ) (35,249 ) Amortization of net loss (gain) 743 — 1,463 — Pension settlement (49 ) — (97 ) — $ (7,616 ) $ (6,037 ) $ (14,990 ) $ (12,148 ) The pension costs for all other plans of the company were not material during the period. (b) Defined Contribution Plans The company maintains two separate defined contribution 401K savings plans covering all employees in the United States. These two plans separately cover the union employees at the Elgin, Illinois facility and all other remaining union and non-union employees in the United States. The company also maintains defined contribution plans for its U.K. based employees.

Acquisition Integration Initiat

Acquisition Integration Initiatives	6 Months Ended
	Jul. 01, 2017
Subsequent Events [Abstract]
Acquisition Integration Initiatives	15) Restructuring Commercial Foodservice Equipment Group: During the fiscal year 2017, the company undertook cost reduction initiatives related to the entire Commercial Foodservice Equipment Group. This action, which is not material to the company's operations, resulted in a charge of $2.0 million in the three and six months ended July 1, 2017 , primarily for severance related to headcount reductions and consolidation of manufacturing operations. These expenses are reflected in restructuring expenses in the consolidated statements of comprehensive income. The company estimates that these restructuring initiatives will result in future cost savings of approximately $10.0 million annually, beginning in fiscal year 2018 and the restructuring costs in the future are not expected to be significant related to these actions. . Food Processing Equipment Group: During the fiscal year 2017, the company undertook cost reduction initiatives related to the entire Food Processing Equipment Group. This action, which is not material to the company's operations, resulted in a charge of $0.2 million in the three and six months ended July 1, 2017 , primarily for severance related to headcount reductions and is reflected in restructuring expenses in the consolidated statements of comprehensive income. The company estimates that these restructuring initiatives will result in future cost savings of approximately $4.0 million annually, beginning in fiscal year 2018 and no significant future costs related to this action are expected. Residential Kitchen Equipment Group: During fiscal years 2015 and 2016, the company undertook acquisition integration initiatives related to the AGA Group within the Residential Kitchen Equipment Group. These initiatives included organizational restructuring and headcount reductions, consolidation and disposition of certain facilities and business operations. The company recorded additional expense of $9.3 million and $11.0 million in the three and six months ended July 1, 2017 , respectively, primarily related to the AGA Group. The initiatives primarily included additional headcount reductions and impairment of equipment in conjunction of the disposition of certain facilities and business operations. This expense is reflected in restructuring expenses in the consolidated statements of comprehensive income. The cumulative expenses incurred to date for these initiatives is approximately $38.7 million . The company estimated that these restructuring initiatives in 2017 will result in future cost savings of approximately $20.0 million annually, beginning in fiscal year 2018, primarily related to compensation and facility costs. The company anticipates that all severance obligations for the Residential Kitchen Equipment Group will be satisfied by the end of fiscal of 2018. The lease obligations extend through November 2018. Severance/Benefits Facilities/Operations Other Total Balance as of December 31, 2016 $ 5,145 $ 2,032 $ 69 $ 7,246 Expenses 5,825 4,919 286 11,030 Exchange 391 268 6 665 Payments/Utilization (3,212 ) (3,996 ) (276 ) (7,484 ) Balance as of July 1, 2017 $ 8,149 $ 3,223 $ 85 $ 11,457

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 01, 2017
Accounting Policies [Abstract]
Basis of Presentation	A) Basis of Presentation The condensed consolidated financial statements have been prepared by The Middleby Corporation (the "company" or “Middleby”), pursuant to the rules and regulations of the Securities and Exchange Commission. The financial statements are unaudited and certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the company believes that the disclosures are adequate to make the information not misleading. These financial statements should be read in conjunction with the financial statements and related notes contained in the company's 2016 Form 10-K. The company’s interim results are not necessarily indicative of future full year results for the fiscal year 2017 . In the opinion of management, the financial statements contain all adjustments, which are normal and recurring in nature, necessary to present fairly the financial position of the company as of July 1, 2017 and December 31, 2016 , the results of operations for the three and six months ended July 1, 2017 and July 2, 2016 and cash flows for the six months ended July 1, 2017 and July 2, 2016 .
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses. Significant estimates and assumptions are used for, but are not limited to, allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves, non-cash share-based compensation and post-retirement obligations. Actual results could differ from the company's estimates.
Non-Cash Share-Based Compensation	B) Non-Cash Share-Based Compensation The company estimates the fair value of market-based stock awards and stock options at the time of grant and recognizes compensation cost over the vesting period of the awards and options. Non-cash share-based compensation expense was $3.0 million and $6.2 million for the second quarter periods ended July 1, 2017 and July 2, 2016 , respectively.
Income Tax Contingencies	C) Income Taxes As of December 31, 2016 , the total amount of liability for unrecognized tax benefits related to federal, state and foreign taxes was approximately $20.3 million (of which $20 million would impact the effective tax rate if recognized) plus approximately $2.7 million of accrued interest and $4.9 million of penalties. The company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. As of July 1, 2017 , the company recognized a tax expense of $2.7 million for unrecognized tax benefits related to current year tax exposures. It is reasonably possible that the amounts of unrecognized tax benefits associated with state, federal and foreign tax positions may decrease over the next twelve months due to expiration of a statute or completion of an audit. The company believes that it is reasonably possible that approximately $2.4 million of its remaining unrecognized tax benefits may be recognized over the next twelve months as a result of lapses of statutes of limitations. The effective rate for the six months period ended July 1, 2017 was 29.2% as compared to 33.5% for the six months period ended July 2, 2016 . The tax rate in the six months period ended July 1, 2017 was favorably impacted by a tax benefit from the adoption of ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Accounting," which resulted in the recognition of excess tax benefits from share-based payments to be recognized as income tax benefit in the condensed consolidated statement of comprehensive income. A summary of the tax years that remain subject to examination in the company’s major tax jurisdictions are: United States - federal 2012 – 2016 United States - states 2007 – 2016 Australia 2012 – 2016 Brazil 2012 – 2016 Canada 2007 – 2016 China 2007 – 2016 Czech Republic 2014 – 2016 Denmark 2012 – 2016 Estonia 2013 – 2016 France 2014 – 2016 Germany 2014 – 2016 India 2013 – 2016 Ireland 2010 – 2016 Italy 2012 – 2016 Luxembourg 2012 – 2016 Mexico 2011 – 2016 Netherlands 2005 – 2016 Philippines 2014 – 2016 Poland 2011 – 2016 Romania 2007 – 2016 Spain 2012 – 2016 Sweden 2010 – 2016 Switzerland 2008 – 2016 Taiwan 2012 – 2012 United Kingdom 2015 – 2016
Fair Value Measures	D) Fair Value Measures ASC 820 "Fair Value Measurements and Disclosures" defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly. Level 3 – Unobservable inputs based on our own assumptions. The company’s financial liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands): Fair Value Level 1 Fair Value Level 2 Fair Value Level 3 Total As of July 1, 2017 Financial Assets: Interest rate swaps $ — $ 7,894 $ — $ 7,894 Financial Liabilities: Interest rate swaps $ — $ 3 $ — $ 3 Contingent consideration $ — $ — $ 4,108 $ 4,108 As of December 31, 2016 Financial Assets: Interest rate swaps $ — $ 8,842 $ — $ 8,842 Financial Liabilities: Interest rate swaps $ — $ 100 $ — $ 100 Contingent consideration $ — $ — $ 6,612 $ 6,612

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jul. 01, 2017
Accounting Policies [Abstract]
Summary of Income Tax Examinations	The effective rate for the six months period ended July 1, 2017 was 29.2% as compared to 33.5% for the six months period ended July 2, 2016 . The tax rate in the six months period ended July 1, 2017 was favorably impacted by a
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The company’s financial liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands): Fair Value Level 1 Fair Value Level 2 Fair Value Level 3 Total As of July 1, 2017 Financial Assets: Interest rate swaps $ — $ 7,894 $ — $ 7,894 Financial Liabilities: Interest rate swaps $ — $ 3 $ — $ 3 Contingent consideration $ — $ — $ 4,108 $ 4,108 As of December 31, 2016 Financial Assets: Interest rate swaps $ — $ 8,842 $ — $ 8,842 Financial Liabilities: Interest rate swaps $ — $ 100 $ — $ 100 Contingent consideration $ — $ — $ 6,612 $ 6,612

Acquisitions and Purchase Accou

Acquisitions and Purchase Accounting (Tables)	6 Months Ended
	Jul. 01, 2017
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Information [Table Text Block]	The following pro forma results include adjustments to reflect additional interest expense to fund the acquisitions, amortization of intangibles associated with the acquisitions, and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): Six Months Ended July 1, 2017 July 2, 2016 Net sales $ 1,153,875 $ 1,212,108 Net earnings 150,513 133,583 Net earnings per share: Basic 2.63 2.34 Diluted 2.63 2.34
Follett [Member]
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The final allocation of cash paid for the Follett acquisition is summarized as follows (in thousands): (as initially reported) May 31, 2016 Measurement Period Adjustments (as adjusted) May 31, 2016 Cash $ 22,620 $ 2,888 $ 25,508 Current assets 41,602 (2,249 ) 39,353 Property, plant and equipment 19,868 8,598 28,466 Goodwill 76,220 (35,656 ) 40,564 Other intangibles 82,450 41,810 124,260 Other assets 1,358 170 1,528 Current liabilities (11,779 ) (10,801 ) (22,580 ) Other non-current liabilities (616 ) (4,064 ) (4,680 ) Net assets acquired and liabilities assumed $ 231,723 $ 696 $ 232,419
Emico [Member]
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The final allocation of cash paid for the Emico acquisition is summarized as follows (in thousands): (as initially reported) May 20, 2016 Measurement Period Adjustments (as adjusted) May 20, 2016 Current assets $ 746 (65 ) 681 Goodwill 1,816 183 1,999 Current liabilities (934 ) (62 ) (996 ) Other non-current liabilities (628 ) (56 ) (684 ) Consideration paid at closing $ 1,000 $ — $ 1,000 Deferred payments 1,559 118 1,677 Net assets acquired and liabilities assumed $ 2,559 $ 118 $ 2,677
Burford [Member]
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands): (as initially reported) May 1, 2017 Cash $ 2,514 Current assets 8,594 Property, plant and equipment 656 Goodwill 7,289 Other intangibles 4,900 Current liabilities (4,424 ) Long term deferred tax liability (1,840 ) Net assets acquired and liabilities assumed $ 17,689
CVP [Member]
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands): (as initially reported) June 30, 2017 Cash $ 621 Current assets 5,973 Property, plant and equipment 238 Goodwill 20,297 Other intangibles 8,700 Current liabilities (1,532 ) Long term deferred tax liability (3,168 ) Net assets acquired and liabilities assumed $ 31,129
Sveba Dahlen [Member]
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands): (as initially reported) June 30, 2017 Cash $ 4,569 Current assets 22,686 Property, plant and equipment 9,128 Other assets 1,170 Goodwill 33,785 Other intangibles 34,175 Current liabilities (11,782 ) Long term deferred tax liability (7,751 ) Other non-current liabilities (42 ) Net assets acquired and liabilities assumed $ 85,938

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Changes in accumulated other comprehensive income(1) were as follows (in thousands): Currency Translation Adjustment Pension Benefit Costs Unrealized Gain/(Loss) Interest Rate Swap Total Balance as of December 31, 2016 $ (116,411 ) $ (173,394 ) $ 5,482 $ (284,323 ) Other comprehensive income before reclassification 29,456 (9,174 ) 305 20,587 Amounts reclassified from accumulated other comprehensive income — — (806 ) (806 ) Net current-period other comprehensive income $ 29,456 $ (9,174 ) $ (501 ) $ 19,781 Balance as of July 1, 2017 $ (86,955 ) $ (182,568 ) $ 4,981 $ (264,542 )
Schedule of Comprehensive Income (Loss)	Components of other comprehensive income were as follows (in thousands): Three Months Ended Six Months Ended Jul 1, 2017 Jul 2, 2016 Jul 1, 2017 Jul 2, 2016 Net earnings $ 77,569 $ 72,891 $ 148,271 $ 127,429 Currency translation adjustment 18,621 (19,579 ) 29,456 (19,975 ) Pension liability adjustment, net of tax (6,647 ) 1,078 (9,174 ) 4,856 Unrealized gain on interest rate swaps, net of tax (1,001 ) (2 ) (501 ) (123 ) Comprehensive income $ 88,542 $ 54,388 $ 168,052 $ 112,187

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Schedule of Inventory, Current	Inventories at July 1, 2017 and December 31, 2016 are as follows: Jul 1, 2017 Dec 31, 2016 (in thousands) Raw materials and parts $ 187,077 $ 154,647 Work-in-process 38,556 35,975 Finished goods 196,301 177,621 $ 421,934 $ 368,243

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the six months ended July 1, 2017 are as follows (in thousands): Commercial Foodservice Food Processing Residential Kitchen Total Balance as of December 31, 2016 $ 542,090 $ 134,680 $ 415,952 $ 1,092,722 Goodwill acquired during the year $ 33,785 $ 27,586 $ — $ 61,371 Measurement period adjustments to goodwill acquired in prior year (36,408 ) 41 — (36,367 ) Exchange effect 4,124 2,660 10,484 17,268 Balance as of July 1, 2017 $ 543,591 $ 164,967 $ 426,436 $ 1,134,994

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jul. 01, 2017
Disclosure Accrued Expenses [Abstract]
Schedule of Accrued Liabilities	Accrued expenses consist of the following: Jul 1, 2017 Dec 31, 2016 (in thousands) Accrued payroll and related expenses $ 62,232 $ 74,505 Accrued warranty 48,965 40,851 Advanced customer deposits 40,394 41,735 Accrued customer rebates 29,972 49,923 Accrued professional fees 13,460 16,605 Accrued sales and other tax 13,093 13,565 Accrued agent commission 11,644 12,834 Accrued product liability and workers compensation 11,557 11,417 Product recall 6,154 7,003 Restructuring 3,945 2,295 Other accrued expenses 49,439 64,872 $ 290,855 $ 335,605

Warranty Costs (Tables)

Warranty Costs (Tables)	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Product Warranty Table Disclosure	A rollforward of the warranty reserve is as follows: Six Months Ended Jul 1, 2017 (in thousands) Balance as of December 31, 2016 $ 40,851 Warranty reserve related to acquisitions 6,288 Warranty expense 27,611 Warranty claims (25,785 ) Balance as of July 1, 2017 $ 48,965

Financing Arrangements (Tables)

Financing Arrangements (Tables)	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Schedule of Long-term Debt Instruments	Jul 1, 2017 Dec 31, 2016 (in thousands) Credit Facility $ 797,647 $ 725,500 Other international credit facilities 5,432 6,413 Other debt arrangement 195 213 Total debt $ 803,274 $ 732,126 Less: Current maturities of long-term debt 4,860 5,883 Long-term debt $ 798,414 $ 726,243
Carrying Value And Fair Value Of Long Term Debt, Disclosure	The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt is as follows (in thousands): Jul 1, 2017 Dec 31, 2016 Carrying Value Fair Value Carrying Value Fair Value Total debt $ 803,274 $ 803,274 $ 732,126 $ 732,126
Schedule of Interest Rate Derivatives	, the company had outstanding floating-to-fixed interest rate swaps totaling $85.0 million notional amount carrying an average interest rate of 0.98% maturing in less than 12 months and $324.0 million notional amount carrying an average interest rate of 1.30% that mature in more than 12 months but less than 84 months. .

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Foreign Exchange Transaction	The fair value of the forward and option contracts was a loss of $2.8 million at the end of the second quarter of 2017 .
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the company’s fair value of interest rate swaps (in thousands): Condensed Consolidated Balance Sheet Presentation Jul 1, 2017 Dec 31, 2016 Fair value Other assets $ 7,894 $ 8,842 Fair value Accrued expenses $ (3 ) $ (100 )
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The impact on earnings from interest rate swaps was as follows (in thousands): Three Months Ended Six Months Ended Presentation of Gain/(loss) Jul 1, 2017 Jul 2, 2016 Jul 1, 2017 Jul 2, 2016 Gain/(loss) recognized in accumulated other comprehensive income Other comprehensive income $ (1,955 ) $ (211 ) $ (1,643 ) $ (730 ) Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (284 ) $ (208 ) $ (806 ) $ (525 ) Gain/(loss) recognized in income (ineffective portion) Other expense $ (8 ) $ (4 ) $ (15 ) $ 7

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 01, 2017
Notes To Financial Statements [Abstract]
Net Sales Summary By Segment	Net Sales Summary (dollars in thousands) Three Months Ended Six Months Ended Jul 1, 2017 Jul 2, 2016 Jul 1, 2017 Jul 2, 2016 Sales Percent Sales Percent Sales Percent Sales Percent Business Segments: Commercial Foodservice $ 333,753 57.6 % $ 321,028 55.3 % $ 646,002 58.2 % $ 600,014 54.7 % Food Processing 92,368 15.9 83,475 14.4 169,644 15.3 162,111 14.8 Residential Kitchen 153,222 26.5 175,953 30.3 293,994 26.5 334,686 30.5 Total $ 579,343 100.0 % $ 580,456 100.0 % $ 1,109,640 100.0 % $ 1,096,811 100.0 %
Schedule of Segment Reporting Information, by Segment	The following table summarizes the results of operations for the company's business segments (1) (in thousands): Commercial Foodservice Food Processing Residential Kitchen Corporate and Other (2) Total Three Months Ended July 1, 2017 Net sales $ 333,753 $ 92,368 $ 153,222 $ — $ 579,343 Income (loss) from operations 95,007 24,199 22,006 (19,076 ) 122,136 Depreciation and amortization expense 8,496 1,657 7,627 478 18,258 Net capital expenditures 20,764 1,308 1,661 (301 ) 23,432 Six Months Ended July 1, 2017 Net sales $ 646,002 $ 169,644 $ 293,994 $ — $ 1,109,640 Income (loss) from operations 175,548 42,188 40,918 (35,439 ) 223,215 Depreciation and amortization expense 13,478 3,044 14,834 959 32,315 Net capital expenditures 26,749 1,946 2,943 70 31,708 Total assets $ 1,495,316 $ 393,674 $ 1,205,676 $ 45,869 $ 3,140,535 Three Months Ended July 2, 2016 Net sales $ 321,028 $ 83,475 $ 175,953 $ — $ 580,456 Income (loss) from operations 93,732 19,186 22,364 (23,369 ) 111,913 Depreciation and amortization expense 5,575 1,520 8,238 977 16,310 Net capital expenditures 3,322 884 1,078 131 5,415 Six Months Ended July 2, 2016 Net sales $ 600,014 $ 162,111 $ 334,686 $ — $ 1,096,811 Income (loss) from operations 170,301 37,049 32,215 (41,277 ) 198,288 Depreciation and amortization expense 9,946 2,958 16,942 1,394 31,240 Net capital expenditures 7,506 2,682 2,789 131 13,108 Total assets $ 1,367,664 $ 321,694 $ 1,195,379 $ 46,933 $ 2,931,670 (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.
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): Jul 1, 2017 Jul 2, 2016 United States and Canada $ 202,789 $ 170,854 Asia 15,370 15,582 Europe and Middle East 127,053 64,199 Latin America 1,034 1,151 Total international $ 143,457 $ 80,932 $ 346,246 $ 251,786
Schedule of Entity-Wide Information, Revenue from External Customers by Products and Services	Net sales (in thousands): Three Months Ended Six Months Ended Jul 1, 2017 Jul 2, 2016 Jul 1, 2017 Jul 2, 2016 United States and Canada $ 394,004 $ 381,369 $ 754,105 $ 707,310 Asia 44,873 43,796 87,565 81,590 Europe and Middle East 115,063 134,484 223,767 271,088 Latin America 25,403 20,807 44,203 36,823 Total international $ 185,339 $ 199,087 $ 355,535 $ 389,501 $ 579,343 $ 580,456 $ 1,109,640 $ 1,096,811

Acquisition Integration Initi30

Acquisition Integration Initiatives Acquisition Integration Initiatives (Tables)	6 Months Ended
	Jul. 01, 2017
Residential Kitchen [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Activities Disclosure [Text Block]	Severance/Benefits Facilities/Operations Other Total Balance as of December 31, 2016 $ 5,145 $ 2,032 $ 69 $ 7,246 Expenses 5,825 4,919 286 11,030 Exchange 391 268 6 665 Payments/Utilization (3,212 ) (3,996 ) (276 ) (7,484 ) Balance as of July 1, 2017 $ 8,149 $ 3,223 $ 85 $ 11,457

Income Taxes (Details)

Income Taxes (Details)	6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	29.20%	33.50%

Summary of Significant Accoun32

Summary of Significant Accounting Policies Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016	Dec. 31, 2016
Significant Accounting Policies [Line Items]
Non-cash share-based compensation expense	$ 3,000	$ 6,200	$ 6,505	$ 11,160
Unrecognized tax benefits related to federal, state and foreign taxes					$ 20,300
Unrecognized tax benefits related to federal, state and foreign taxes of which would impact the effective tax rate if recognized					20,000
Unrecognized tax benefits, accrued interest					2,700
Unrecognized tax benefits, penalties					$ 4,900
Recognized Tax Expense	2,700
Amount of unrecognized tax benefits that may be recognized over the next twelve months	2,400		2,400
Interest paid			11,300	10,300
Income tax payments			$ 75,100	$ 53,600
Restricted Stock [Member]
Significant Accounting Policies [Line Items]
Grant date fair value	$ 9,600
UNITED STATES | Internal Revenue Service (IRS) [Member]
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2012 – 2016
UNITED STATES | State and Local Jurisdiction [Member]
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2007 – 2016
AUSTRALIA
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2012 – 2016
BRAZIL
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2012 – 2016
CANADA
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2007 – 2016
CHINA
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2007 – 2016
Czech Republic, Koruny
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2014 – 2016
DENMARK
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2012 – 2016
ESTONIA
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2013 – 2016
FRANCE
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2014 – 2016
GERMANY
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2014 – 2016
INDIA
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2013 – 2016
IRELAND
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2010 – 2016
ITALY
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2012 – 2016
LUXEMBOURG
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2012 – 2016
MEXICO
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2011 – 2016
NETHERLANDS
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2005 – 2016
PHILIPPINES
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2014 – 2016
POLAND
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2011 – 2016
ROMANIA
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2007 – 2016
SPAIN
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2012 – 2016
SWEDEN
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2010 – 2016
SWITZERLAND
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2008 – 2016
TAIWAN, PROVINCE OF CHINA
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2012 – 2012
UNITED KINGDOM
Significant Accounting Policies [Line Items]
Income Tax Examination Years Subject To Examination			2015 – 2016

Financial Assets and Liabilitie

Financial Assets and Liabilities that are Measured At Fair Value and are Categorized Using Fair Value Hierarchy (Detail) - Fair Value, Measurements, Recurring - USD ($)	Jul. 01, 2017	Dec. 31, 2016
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	$ 7,894,000	$ 8,842,000
Financial Liabilities	3,000	100,000
Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	4,108,000	6,612,000
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	0	0
Financial Liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	0	0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	7,894,000	8,842,000
Financial Liabilities	3,000	100,000
Fair Value, Inputs, Level 2 [Member] | Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring		0
Financial Liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	$ 4,108,000	$ 6,612,000

Acquisitions and Purchase Acc34

Acquisitions and Purchase Accounting Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 119,262	$ 212,024

Acquisitions and Purchase Acc35

Acquisitions and Purchase Accounting Acquisitions and Purchase Accounting - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016
Business Combinations [Abstract]
Business Acquisition, Pro Forma Revenue	$ 1,153,875	$ 1,212,108
Business Acquisition, Pro Forma Net Income (Loss)	$ 150,513	$ 133,583
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 2.63	$ 2.34
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 2.63	$ 2.34

Acquisitions and Purchase Acc36

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed for Emico Acquisition (Details) - USD ($) $ in Thousands	May 20, 2016	Jul. 01, 2017	Jul. 02, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 119,262	$ 212,024
Goodwill		1,134,994		$ 1,092,722
Business Acquisition, Deferred Payments		$ 1,000
Emico [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 1,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	681
Goodwill	1,999
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(996)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(684)
Consideration paid at closing	1,000
Business Acquisition, Deferred Payments	1,677
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	2,677
Scenario, Previously Reported [Member] | Emico [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	746
Goodwill	1,816
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(934)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(628)
Consideration paid at closing	1,000
Business Acquisition, Deferred Payments	1,559
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	2,559
Scenario, Adjustment [Member] | Emico [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	(65)
Goodwill	183
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(62)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(56)
Consideration paid at closing	0
Business Acquisition, Deferred Payments	118
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 118

Acquisitions and Purchase Acc37

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed for Follett Acquisition (Details) - USD ($) $ in Thousands	May 31, 2016	Jul. 01, 2017	Jul. 02, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 119,262	$ 212,024
Goodwill		1,134,994		$ 1,092,722
Follett [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 25,508
Payments to Acquire Businesses, Net of Cash Acquired	206,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	39,353
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	28,466
Goodwill	40,564
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	124,260
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	1,528
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(22,580)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(4,680)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	232,419
Business Combination, Provisional Information Adjustment, Working Capital	700
Commercial Foodservice Equipment Group [Member]
Business Acquisition [Line Items]
Goodwill		$ 543,591		$ 542,090
Customer Relationships [Member] | Commercial Foodservice Equipment Group [Member] | Follett [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 55,200
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 years
Backlog [Member] | Commercial Foodservice Equipment Group [Member] | Follett [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,300
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Trade Names [Member] | Commercial Foodservice Equipment Group [Member] | Follett [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 67,800
Scenario, Adjustment [Member] | Follett [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	2,888
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	(2,249)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	8,598
Goodwill	(35,656)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	41,810
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	170
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(10,801)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(4,064)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	696
Scenario, Previously Reported [Member] | Follett [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	22,620
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	41,602
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	19,868
Goodwill	76,220
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	82,450
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	1,358
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(11,779)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(616)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 231,723

Acquisitions and Purchase Acc38

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed for Burford Acquisition (Details) - USD ($) $ in Thousands	May 01, 2017	Jul. 01, 2017	Jul. 02, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 119,262	$ 212,024
Goodwill		1,134,994		$ 1,092,722
Burford [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 15,200
Scenario, Previously Reported [Member] | Burford [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	2,514
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	8,594
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	656
Goodwill	7,289
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	4,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,424)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	1,840
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	2,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	17,689
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	200
Food Processing Group [Member]
Business Acquisition [Line Items]
Goodwill		$ 164,967		$ 134,680
Trade Names [Member] | Food Processing Group [Member] | Burford [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,400
Customer Relationships [Member] | Scenario, Previously Reported [Member] | Burford [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 2,100
Customer Relationships [Member] | Food Processing Group [Member] | Burford [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Developed Technology Rights [Member] | Scenario, Previously Reported [Member] | Burford [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 100
Developed Technology Rights [Member] | Food Processing Group [Member] | Burford [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Backlog [Member] | Scenario, Previously Reported [Member] | Burford [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 300
Backlog [Member] | Food Processing Group [Member] | Burford [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months

Acquisitions and Purchase Acc39

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed for CVP Acquisition (Details) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2017	Jul. 01, 2017	Jul. 02, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 119,262	$ 212,024
Goodwill		1,134,994		$ 1,092,722
Stock Issued During Period, Shares, Acquisitions	106		0
Stock Issued During Period, Value, Acquisitions	$ 12,300	12,330
CVP [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	30,500
Payments to Acquire Businesses, Gross	18,200
Scenario, Previously Reported [Member] | CVP [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	621
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	5,973
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	238
Goodwill	20,297
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	8,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(1,532)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(3,168)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	31,129
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	3,300
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	100
Food Processing Group [Member]
Business Acquisition [Line Items]
Goodwill		$ 164,967		$ 134,680
Food Processing Group [Member] | Trade Names [Member] | CVP [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	4,300
Customer Relationships [Member] | Scenario, Previously Reported [Member] | CVP [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 3,600
Customer Relationships [Member] | Food Processing Group [Member] | CVP [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Developed Technology Rights [Member] | Scenario, Previously Reported [Member] | CVP [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 200
Developed Technology Rights [Member] | Food Processing Group [Member] | CVP [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Backlog [Member] | Scenario, Previously Reported [Member] | CVP [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 600
Backlog [Member] | Food Processing Group [Member] | CVP [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months

Acquisitions and Purchase Acc40

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed for Sveba Dahlen Acquisition - USD ($) $ in Thousands	Jun. 30, 2017	Jul. 01, 2017	Jul. 02, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 119,262	$ 212,024
Goodwill		1,134,994		$ 1,092,722
Sveba Dahlen [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 81,400
Scenario, Previously Reported [Member] | Sveba Dahlen [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	7,751
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	4,569
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	22,686
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	9,128
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	7,500
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	34,175
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	11,782
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	42
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	1,170
Goodwill	33,785
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	85,938
Commercial Foodservice Equipment Group [Member]
Business Acquisition [Line Items]
Goodwill		$ 543,591		$ 542,090
Commercial Foodservice Equipment Group [Member] | Trade Names [Member] | Sveba Dahlen [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	20,700
Backlog [Member] | Scenario, Previously Reported [Member] | Sveba Dahlen [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 300
Backlog [Member] | Commercial Foodservice Equipment Group [Member] | Sveba Dahlen [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Customer Relationships [Member] | Scenario, Previously Reported [Member] | Sveba Dahlen [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 12,000
Customer Relationships [Member] | Commercial Foodservice Equipment Group [Member] | Sveba Dahlen [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Developed Technology Rights [Member] | Scenario, Previously Reported [Member] | Sveba Dahlen [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,200
Developed Technology Rights [Member] | Commercial Foodservice Equipment Group [Member] | Sveba Dahlen [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years

Recently Issued Accounting St41

Recently Issued Accounting Standards Excess Tax Benefit (Details) $ in Millions	6 Months Ended
	Jul. 01, 2017USD ($)
Income Tax Disclosure [Abstract]
Excess tax benefits recognized	$ 7.9

Other Comprehensive Income Chan

Other Comprehensive Income Changes in accumulated other comprehensive income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Accumulated Other Comprehensive Income/(Loss) [Line Items]
Other than Temporary Impairment Loss, Investments, Portion in Other Comprehensive Loss, Tax, Attributable to Parent, Held-to-maturity Securities			$ (39,900)
Currency Translation Adjustment	$ 18,621	$ (19,579)	29,456	$ (19,975)
Accumulated Other Comprehensive Income [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax			(284,323)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			20,587
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	6,647	$ (1,078)	9,174	(4,856)
Reclassification from accumulated other comprehensive income, current period, net of tax			(806)
Other Comprehensive Income (Loss), before Reclassifications, before Tax			19,781
Accumulated Other Comprehensive Income (Loss), Net of Tax	(264,542)		(264,542)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income/(Loss) [Line Items]
Currency Translation Adjustment			29,456
Accumulated Other Comprehensive Income [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax			(116,411)
Reclassification from accumulated other comprehensive income, current period, net of tax			0
Other Comprehensive Income (Loss), before Reclassifications, before Tax			29,456
Accumulated Other Comprehensive Income (Loss), Net of Tax	(86,955)		(86,955)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax			(173,394)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax			9,174
Reclassification from accumulated other comprehensive income, current period, net of tax			0
Other Comprehensive Income (Loss), before Reclassifications, before Tax			(9,174)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(182,568)		(182,568)
Interest Rate Swap [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax			5,482
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			305
Reclassification from accumulated other comprehensive income, current period, net of tax			(806)
Other Comprehensive Income (Loss), before Reclassifications, before Tax			(501)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ 4,981		$ 4,981
Lynx [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Business Combination, Provisional Information Adjustment, Working Capital				$ 3,300

Other Comprehensive Income Comp

Other Comprehensive Income Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Net earnings	$ 77,569	$ 72,891	$ 148,271	$ 127,429
Currency Translation Adjustment	18,621	(19,579)	29,456	(19,975)
Pension liability adjustment, net of tax	(6,647)	1,078	(9,174)	4,856
Unrealized gain on interest rate swaps, net of tax	(1,001)	(2)	(501)	(123)
Comprehensive income	$ 88,542	$ 54,388	$ 168,052	$ 112,187

Inventories Inventories (Detail

Inventories Inventories (Details) - USD ($) $ in Thousands	Jul. 01, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Raw materials and parts	$ 187,077	$ 154,647
Work-in-process	38,556	35,975
Finished goods	196,301	177,621
Inventory, Gross, Total	$ 421,934	$ 368,243

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jul. 01, 2017USD ($)
Goodwill [Line Items]
Balance beginning of period	$ 1,092,722
Goodwill acquired during the year	61,371
Measurement period adjustments to goodwill acquired in prior year	(36,367)
Exchange effect	17,268
Balance end of period	1,134,994
Commercial Foodservice Equipment Group [Member]
Goodwill [Line Items]
Balance beginning of period	542,090
Goodwill acquired during the year	33,785
Measurement period adjustments to goodwill acquired in prior year	(36,408)
Exchange effect	4,124
Balance end of period	543,591
Food Processing Group [Member]
Goodwill [Line Items]
Balance beginning of period	134,680
Goodwill acquired during the year	27,586
Measurement period adjustments to goodwill acquired in prior year	41
Exchange effect	2,660
Balance end of period	164,967
Residential Kitchen [Member]
Goodwill [Line Items]
Balance beginning of period	415,952
Goodwill acquired during the year	0
Measurement period adjustments to goodwill acquired in prior year	0
Exchange effect	10,484
Balance end of period	$ 426,436

Intangibles (Details)

Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 33,436		$ 33,436
Amortization of Intangible Assets	10,500	$ 9,400	17,300	$ 18,000
Finite-Lived Intangible Assets, Gross	339,007		339,007		$ 289,449
Finite-Lived Intangible Assets, Accumulated Amortization	(186,606)		(186,606)		(168,369)
Finite-Lived Intangible Assets, Amortization Expense, Year Two	28,033		28,033
Finite-Lived Intangible Assets, Amortization Expense, Year Three	23,873		23,873
Finite-Lived Intangible Assets, Amortization Expense, Year Four	21,282		21,282
Finite-Lived Intangible Assets, Amortization Expense, Year Five	18,572		18,572
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	27,205		$ 27,205
Finite-Lived Intangible Assets, Net					152,401
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			7 years 3 months	5 years 6 months
Finite-Lived Intangible Assets, Gross	301,082		$ 301,082		251,025
Finite-Lived Intangible Assets, Accumulated Amortization	(153,598)		$ (153,598)		(136,895)
Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			3 months	0 months
Finite-Lived Intangible Assets, Gross	16,285		$ 16,285		13,550
Finite-Lived Intangible Assets, Accumulated Amortization	(15,276)		$ (15,276)		(13,550)
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			4 years 1 month	4 years 9 months
Finite-Lived Intangible Assets, Gross	21,640		$ 21,640		24,874
Finite-Lived Intangible Assets, Accumulated Amortization	(17,732)		(17,732)		(17,924)
Tradenames And Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 622,575		$ 622,575		$ 575,091

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Jul. 01, 2017	Dec. 31, 2016
Disclosure Accrued Expenses [Abstract]
Accrued payroll and related expenses	$ 62,232	$ 74,505
Standard Product Warranty Accrual, Current	48,965	40,851
Advanced customer deposits	40,394	41,735
Accrued warranty	48,965	40,851
Product Liability Contingency, Loss Exposure in Excess of Accrual, High Estimate	6,154	7,003
Accured Restructuring Liabilities, Current	3,945	2,295
Accrued customer rebates	29,972	49,923
Accrued Product Liability And Workers Compensation Liability Current	11,557	11,417
Accrued agent commission	11,644	12,834
Accrued professional services	13,460	16,605
Sales and Excise Tax Payable, Current	13,093	13,565
Other accrued expenses	49,439	64,872
Accrued expenses	$ 290,855	$ 335,605

Rollforward of Warranty Reserve

Rollforward of Warranty Reserve (Details) $ in Thousands	6 Months Ended
	Jul. 01, 2017USD ($)
Disclosure Rollforward Of Warranty Reserve [Abstract]
Standard and Extended Product Warranty Accrual, Additions from Business Acquisition	$ 6,288
Beginning balance	40,851
Warranty expense	27,611
Warranty claims	(25,785)
Ending balance	$ 48,965

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Jul. 01, 2017	Dec. 31, 2016
Debt Disclosure [Line Items]
Line of Credit Facility, Potential Additional Borrowing Capacity	$ 3,000,000
Senior secured revolving credit line	797,647	$ 725,500
Other Long-term Debt	195	213
Total debt	803,274	732,126
Less: Current maturities of long-term debt	4,860	5,883
Long-term debt	798,414	726,243
Line of Credit Facility, Outstanding Amount, USD Borrowings	766,500
Line of Credit Facility, Amount Outstanding, GBP Borrowings	31,100
Foreign
Debt Disclosure [Line Items]
Foreign loans	$ 5,432	$ 6,413

Carrying Value and Estimated Ag

Carrying Value and Estimated Aggregate Fair Value of Debt (Details) - USD ($) $ in Thousands	Jul. 01, 2017	Dec. 31, 2016
Disclosure Carrying Value And Estimated Aggregate Fair Value Of Debt [Abstract]
Carrying Value	$ 803,274	$ 732,126
Fair Value	$ 803,274	$ 732,126

Interest Rate Swaps in Effect (

Interest Rate Swaps in Effect (Details) $ in Millions	Jul. 01, 2017USD ($)
Debt Disclosure [Line Items]
Derivative Notional Amount, Current	$ 85
Derivative Fixed Interest Rate, Current	0.98%
Fixed Interest Rate	1.30%
Derivative, Notional Amount	$ 324

Financing Arrangements Addition

Financing Arrangements Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2017	Dec. 31, 2016
Debt Disclosure [Line Items]
Derivative, Notional Amount	$ 324,000
Fixed Interest Rate	1.30%
Debt Instrument, Interest Coverage Ratio Range, Low	300.00%
Credit facility, amount	$ 2,500,000
Credit facility, outstanding	797,647	$ 725,500
Letter of credit, outstanding	9,100
Credit facility, remaining	$ 1,700,000
Credit facility, additional interest rate above LIBOR	1.13%
Debt Instrument Interest Additional Interest Above Fed Funds Rate	0.50%
Debt Instrument, Interest Rate, Increase (Decrease)	1.00%
Debt Instrument Interest Additional Interest Above LIBOR Rate Alternative	0.13%
Credit facility, average interest rate	2.58%
Variable commitment fee	0.15%
Term loan, amount	$ 803,274	$ 732,126
Credit facility, interest rate	8.05%
Line of credit, Current and Noncurrent, Foreign	$ 5,400
Debt Instrument, Interest Coverage Ratio Range, High	100.00%
Debt Instrument, Leverage Ratio Range, Low	350.00%
Debt Instrument, Leverage Ratio Range, High	100.00%
Debt Instrument, Qualified Leverage Ratio Range, Low	400.00%
Debt Instrument, Qualified Leverage Ratio Range, High	100.00%

Summary of Fair Value of Intere

Summary of Fair Value of Interest Rate Swaps (Details) - USD ($) $ in Thousands	Jul. 01, 2017	Dec. 31, 2016
Interest Rate Swap [Member] | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Fair value	$ (3)	$ (100)

Impact on Earnings from Interes

Impact on Earnings from Interest Rate Swaps (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) recognized in accumulated other comprehensive income	$ (1,955)	$ (211)	$ (1,643)	$ (730)
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	(284)	(208)	(806)	(525)
Other Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) recognized in income (ineffective portion)	$ (8)	$ (4)	$ (15)	$ 7

Financial Instruments Additiona

Financial Instruments Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2017	Dec. 31, 2016
Derivative [Line Items]
Fair value of interest rate swaps liability	$ 7,900
Maximum
Derivative [Line Items]
Loss in fair value of interest rate swaps	1,000
Foreign Exchange Forward
Derivative [Line Items]
Derivative, Fair Value, Net	(2,800)
Other Noncurrent Assets [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	$ 7,894	$ 8,842

Net Sales Summary (Details)

Net Sales Summary (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jul. 01, 2017		Jul. 02, 2016		Jul. 01, 2017	Jul. 02, 2016
Segment Reporting Information [Line Items]
Net sales	[1]	$ 579,343		$ 580,456		$ 1,109,640	$ 1,096,811
Percent		100.00%		100.00%		100.00%	100.00%
Commercial Foodservice Equipment Group [Member]
Segment Reporting Information [Line Items]
Net sales		$ 333,753	[1]	$ 321,028	[1]	$ 646,002	$ 600,014
Percent		57.60%		55.30%		58.20%	54.70%
Food Processing Group [Member]
Segment Reporting Information [Line Items]
Net sales		$ 92,368	[1]	$ 83,475	[1]	$ 169,644	$ 162,111
Percent		15.90%		14.40%		15.30%	14.80%
Residential Kitchen [Member]
Segment Reporting Information [Line Items]
Net sales		$ 153,222	[1]	$ 175,953	[1]	$ 293,994	$ 334,686
Percent		26.50%		30.30%		26.50%	30.50%
[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.

Summary of Results of Operation

Summary of Results of Operations for Business Segments (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jul. 01, 2017		Jul. 02, 2016		Jul. 01, 2017	Jul. 02, 2016	Dec. 31, 2016	Sep. 27, 2014
Segment Reporting Information [Line Items]
Net sales	[1]	$ 579,343		$ 580,456		$ 1,109,640	$ 1,096,811
Income from operations		122,136	[1]	111,913	[1]	223,215	198,288
Depreciation and amortization expense		18,258	[1]	16,310	[1]	32,315	31,240
Net capital expenditures		23,432	[1]	5,415	[1]	31,708	13,108
Total assets		3,140,535				3,140,535		$ 2,917,136	$ 2,931,670
Commercial Foodservice Equipment Group [Member]
Segment Reporting Information [Line Items]
Net sales		333,753	[1]	321,028	[1]	646,002	600,014
Income from operations		95,007	[1]	93,732	[1]	175,548	170,301
Depreciation and amortization expense		8,496	[1]	5,575	[1]	13,478	9,946
Net capital expenditures		20,764	[1]	3,322	[1]	26,749	7,506
Total assets		1,495,316				1,495,316			1,367,664
Food Processing Group [Member]
Segment Reporting Information [Line Items]
Net sales		92,368	[1]	83,475	[1]	169,644	162,111
Income from operations		24,199	[1]	19,186	[1]	42,188	37,049
Depreciation and amortization expense		1,657	[1]	1,520	[1]	3,044	2,958
Net capital expenditures		1,308	[1]	884	[1]	1,946	2,682
Total assets		393,674				393,674			321,694
Residential Kitchen [Member]
Segment Reporting Information [Line Items]
Net sales		153,222	[1]	175,953	[1]	293,994	334,686
Income from operations		22,006	[1]	22,364	[1]	40,918	32,215
Depreciation and amortization expense		7,627	[1]	8,238	[1]	14,834	16,942
Net capital expenditures		1,661	[1]	1,078	[1]	2,943	2,789
Total assets		1,205,676				1,205,676			1,195,379
Corporate and Other
Segment Reporting Information [Line Items]
Net sales		0	[1],[2]	0	[1],[2]	0	0
Income from operations		(19,076)	[1],[2]	(23,369)	[1],[2]	(35,439)	(41,277)
Depreciation and amortization expense		478	[1],[2]	977	[1],[2]	959	1,394
Net capital expenditures		(301)	[1],[2]	$ 131	[1],[2]	70	$ 131
Total assets		$ 45,869				$ 45,869			$ 46,933
[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.

Long-Lived Assets by Major Geog

Long-Lived Assets by Major Geographic Region (Details) - USD ($) $ in Thousands	Jul. 01, 2017	Apr. 04, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 346,246	$ 251,786
United States and Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	202,789	170,854
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	15,370	15,582
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	127,053	64,199
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	1,034	1,151
Total International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 143,457	$ 80,932

Net Sales by Major Geographic R

Net Sales by Major Geographic Region (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	[1]	$ 579,343	$ 580,456	$ 1,109,640	$ 1,096,811
United States and Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales		394,004	381,369	754,105	707,310
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales		44,873	43,796	87,565	81,590
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales		115,063	134,484	223,767	271,088
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales		25,403	20,807	44,203	36,823
Total International
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales		$ 185,339	$ 199,087	$ 355,535	$ 389,501
[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.

Employee Retirement Plans Addit

Employee Retirement Plans Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2017USD ($)	Jul. 02, 2016USD ($)	Jul. 01, 2017USD ($)plan	Jul. 02, 2016USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of defined contribution 401K savings plans | plan			2
Non-US Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	$ (17,323)	$ (17,579)	$ (34,097)	$ (35,249)
Defined Benefit Plan, Service Cost	996	888	1,960	1,777
Defined Benefit Plan, Interest Cost	8,017	10,654	15,781	21,324
Defined Benefit Plan, Amortization of Gain (Loss)	743	0	1,463	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	(49)		(97)
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement		0		0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ (7,616)	$ (6,037)	$ (14,990)	$ (12,148)

Acquisition Integration Initi61

Acquisition Integration Initiatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016	Jul. 01, 2017	Jul. 02, 2016
Restructuring Reserve [Roll Forward]
Expenses	$ 11,494	$ 6,390	$ 13,219	$ 6,996
Commercial Foodservice Equipment Group [Member]
Restructuring Reserve [Roll Forward]
Expenses			2,000
Effects on Future Earnings, Restructuring	10,000		10,000
Food Processing Group [Member]
Restructuring Reserve [Roll Forward]
Expenses			200
Effects on Future Earnings, Restructuring	4,000		4,000
Residential Kitchen [Member]
Restructuring Reserve [Roll Forward]
Expenses	9,300		11,000
Restructuring Charges, Cumulative			38,700
Effects on Future Earnings, Restructuring	20,000		20,000
Residential Kitchen [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Expenses			5,825
Restructuring Reserve, Foreign Currency Translation Gain (Loss)			391
Payments			(3,212)
Balance as of October 3, 2015	8,149		8,149
Residential Kitchen [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Expenses			4,919
Restructuring Reserve, Foreign Currency Translation Gain (Loss)			268
Payments			(3,996)
Balance as of October 3, 2015	3,223		3,223
Residential Kitchen [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Expenses			286
Restructuring Reserve, Foreign Currency Translation Gain (Loss)			6
Payments			(276)
Balance as of October 3, 2015	85		85
Residential Kitchen [Member] | Restructuring Charges [Member]
Restructuring Reserve [Roll Forward]
Expenses			11,030
Restructuring Reserve, Foreign Currency Translation Gain (Loss)			665
Payments			(7,484)
Balance as of October 3, 2015	$ 11,457		$ 11,457

Sub Event (Details)

Sub Event (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2017	Jul. 02, 2016
Subsequent Event [Line Items]
Business Acquisition, Pro Forma Revenue	$ 1,153,875	$ 1,212,108