The Middleby Corporation (MIDD) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 27, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 27, 2020
Document Transition Report	false
Entity File Number	1-9973
Entity Registrant Name	THE MIDDLEBY CORPORATION
Entity Central Index Key	0000769520
Current Fiscal Year End Date	--01-02
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-3352497
Entity Address, Address Line One	1400 Toastmaster Drive,
Entity Address, City or Town	Elgin,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60120
City Area Code	(847)
Local Phone Number	741-3300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Title of 12(b) Security	Common Stock
Trading Symbol	MIDD
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		55,617,662
Entity Small Business	false
Entity Emerging Growth Company	false

Other Comprehensive Income

Other Comprehensive Income	6 Months Ended
	Jun. 27, 2020
Disclosure Other Comprehensive Income Additional Information [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 28, 2019 $ (105,705) $ (228,336) $ (16,892) $ (350,933) Other comprehensive income before reclassification (29,064) 12,317 (33,141) (49,888) Amounts reclassified from accumulated other comprehensive income — — 5,261 5,261 Net current-period other comprehensive income $ (29,064) $ 12,317 $ (27,880) $ (44,627) Balance as of June 27, 2020 $ (134,769) $ (216,019) $ (44,772) $ (395,560) Balance as of December 29, 2018 $ (112,771) $ (170,938) $ 7,233 $ (276,476) Adoption of ASU 2017-12 (2) — — 11 11 Other comprehensive income before reclassification (1,762) (9) (21,952) (23,723) Amounts reclassified from accumulated other comprehensive income — — (1,550) (1,550) Net current-period other comprehensive income $ (1,762) $ (9) $ (23,491) $ (25,262) Balance as of June 29, 2019 $ (114,533) $ (170,947) $ (16,258) $ (301,738) (1) As of June 27, 2020, pension and interest rate swap amounts are net of tax of $(46.0) million and $(16.2) million, respectively. During the six months ended June 27, 2020, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $2.6 million and $(10.3) million, respectively. As of June 29, 2019 pension and interest rate swap amounts are net of tax of $(36.8) million and $(5.5) million, respectively. During the six months ended June 29, 2019, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(0.1) million and $(8.0) million, respectively. (2) As of December 30, 2018, the company adopted ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" using the modified retrospective method. The adoption of this guidance resulted in the recognition of less than $0.1 million as an adjustment to the opening balance of retained earnings. Components of other comprehensive income were as follows (in thousands): Three Months Ended Six Months Ended Jun 27, 2020 Jun 29, 2019 Jun 27, 2020 Jun 29, 2019 Net earnings $ 21,162 $ 92,210 $ 94,941 $ 161,223 Currency translation adjustment 19,852 (12,445) (29,064) (1,762) Pension liability adjustment, net of tax (2,491) 5,254 12,317 (9) Unrealized loss on interest rate swaps, net of tax (2,661) (14,124) (27,880) (23,491) Comprehensive income $ 35,862 $ 70,895 $ 50,314 $ 135,961

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 27, 2020	Dec. 28, 2019
Current assets:
Cash and cash equivalents	$ 649,720	$ 94,500
Accounts receivable, net of reserve for doubtful accounts of $20,382 and $14,886	313,084	447,612
Accounts receivable, reserve for doubtful accounts	20,382	14,886
Inventories, net	608,484	585,699
Prepaid expenses and other	66,237	61,224
Prepaid Taxes	13,741	20,161
Total current assets	1,651,266	1,209,196
Property, plant and equipment, net of accumulated depreciation of $212,923 and $197,629	343,369	352,145
Property, plant and equipment, accumulated depreciation	212,923	197,629
Goodwill	1,841,684	1,849,747
Other intangibles	1,429,802	1,443,381
Finite-Lived Intangible Assets, Accumulated Amortization	368,647	333,507
Long-term deferred tax assets	32,787	36,932
Other assets	115,793	110,742
Total assets	5,414,701	5,002,143
Current liabilities:
Current maturities of long-term debt	23,971	2,894
Accounts payable	124,995	173,693
Accrued expenses	355,587	416,550
Total current liabilities	504,553	593,137
Long-term debt	2,372,945	1,870,246
Deferred Income Tax Liabilities, Net	133,324	133,500
Liability, Defined Benefit Pension Plan, Noncurrent	255,169	289,086
Other non-current liabilities	209,193	169,360
Stockholders' equity:
Preferred stock, $0.01 par value; nonvoting; 2,000,000 shares authorized; none issued	$ 0	0
Preferred stock, par value (in usd per share)	$ 0.01
Preferred stock, shares authorized	2,000,000,000
Preferred stock, shares issued	0
Common stock, $0.01 par value; 63,518,604 and 63,129,775 shares issued in 2020 and 2019, respectively	$ 145	$ 145
Common Stock, Par or Stated Value Per Share	$ 0.01
Common stock, shares issued	63,518,604	63,129,775
Paid-in capital	$ 406,640	$ 387,402
Treasury stock, at cost; 7,943,989 and 6,940,089 shares in 2020 and 2019	$ (528,111)	$ (451,262)
Treasury stock, shares	7,943,989	6,940,089
Retained earnings	$ 2,456,403	$ 2,361,462
Accumulated other comprehensive loss	(395,560)	(350,933)
Total stockholders' equity	1,939,517	1,946,814
Total liabilities and stockholders' equity	$ 5,414,701	$ 5,002,143

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Revenue from Contract with Customer, Excluding Assessed Tax		$ 471,977	$ 761,004	$ 1,149,436	$ 1,447,806
Cost of sales		318,851	474,525	746,120	904,015
Gross profit		153,126	286,479	403,316	543,791
Selling, General and Administrative Expense		111,824	144,631	255,766	300,540
Restructuring Charges		2,184	2,241	3,018	2,583
Income from operations	[1],[2]	39,118	139,607	144,532	240,668
Net interest expense and deferred financing amortization, net		21,750	21,968	37,463	42,488
Net Periodic Benefit Cost, Other Components		(9,766)	(7,297)	(19,855)	(15,058)
Other (income) expense, net		382	(520)	3,708	(1,933)
Earnings before income taxes		26,752	125,456	123,216	215,171
Provision for income taxes		5,590	33,246	28,275	53,948
Net earnings		$ 21,162	$ 92,210	$ 94,941	$ 161,223
Net earnings per share:
Earnings Per Share, Basic		$ 0.39	$ 1.66	$ 1.72	$ 2.90
Earnings Per Share, Diluted		$ 0.39	$ 1.66	$ 1.72	$ 2.90
Weighted average number of shares
Basic (in shares)		54,935,000	55,660,000	55,165,000	55,630,000
Dilutive common stock equivalents (in shares)		22,000	0	12,000	0
Diluted (in shares)		54,957,000	55,660,000	55,177,000	55,630,000
Comprehensive income		$ 35,862	$ 70,895	$ 50,314	$ 135,961
[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]	Restructuring expenses are allocated in operating income by segment. See note 16 for further details.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY Statement - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Common StockCumulative Effect, Period of Adoption, Adjustment	Paid-in Capital	Paid-in CapitalCumulative Effect, Period of Adoption, Adjustment	Treasury Stock	Treasury StockCumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	[1]	Accumulated Other Comprehensive Income (loss)	Accumulated Other Comprehensive Income (loss)Cumulative Effect, Period of Adoption, Adjustment	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2017-12 (1)		$ 100
Adoption of ASU 2017-12 (1) | Accounting Standards Update 2017-12		$ 0		$ 0		$ 0		$ 0		$ (11)			$ 11
Balance, Beginning at Dec. 29, 2018	$ 1,665,203		$ 145		$ 377,419		$ (445,118)		$ 2,009,233			$ (276,476)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	161,223		0		0		0		161,223			0
Currency translation adjustment	(1,762)		0		0		0		0			(1,762)
Change in unrecognized pension benefit costs, net of tax	(9)		0		0		0		0			(9)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	(71)
Unrealized gain on interest rate swaps, net of tax	(23,491)		0		0		0		0
Unrealized gain on interest rate swaps, net of tax | Accounting Standards Update 2017-12	(23,502)											(23,502)
Unrealized (loss) gain on interest rate swap, tax	(8,023)
Stock compensation	1,334		0		1,334		0		0			0
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	1,850		0		1,850		0		0			0
Purchase of treasury stock	(6,086)		0		0		(6,086)		0			0
Balance, Ending at Jun. 29, 2019	1,798,251		145		380,603		(451,204)		2,170,445			(301,738)
Balance, Beginning at Mar. 30, 2019	1,726,059		145		378,488		(450,386)		2,078,235			(280,423)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	92,210		0		0		0		92,210			0
Currency translation adjustment	12,445		0		0		0		0			12,445
Change in unrecognized pension benefit costs, net of tax	5,254		0		0		0		0
Change in unrecognized pension benefit costs, net of tax | Accounting Standards Update 2017-12	(5,254)											(5,254)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	1,081
Unrealized gain on interest rate swaps, net of tax	(14,124)		0		0		0		0			(14,124)
Unrealized (loss) gain on interest rate swap, tax	(4,846)
Stock compensation	265		0		265		0		0			0
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	1,850		0		1,850		0		0			0
Purchase of treasury stock	(818)		0		0		(818)		0			0
Balance, Ending at Jun. 29, 2019	1,798,251		145		380,603		(451,204)		2,170,445			(301,738)
Balance, Beginning at Dec. 28, 2019	1,946,814		145		387,402		(451,262)		2,361,462			(350,933)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	94,941		0		0		0		94,941			0
Currency translation adjustment	(29,064)		0		0		0		0			(29,064)
Change in unrecognized pension benefit costs, net of tax	12,317		0		0		0		0			12,317
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	2,591
Unrealized gain on interest rate swaps, net of tax	(27,880)		0		0		0		0			(27,880)
Unrealized (loss) gain on interest rate swap, tax	(10,263)
Stock compensation	9,122		0		9,122		0		0			0
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	10,116		0		10,116		0		0			0
Purchase of treasury stock	(76,849)		0		0		(76,849)		0			0
Balance, Ending at Jun. 27, 2020	1,939,517		145		406,640		(528,111)		2,456,403			(395,560)
Balance, Beginning at Mar. 28, 2020	1,894,706		145		395,442		(525,862)		2,435,241			(410,260)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	21,162		0		0		0		21,162			0
Currency translation adjustment	19,852		0		0		0		0			19,852
Change in unrecognized pension benefit costs, net of tax	(2,491)		0		0		0		0			(2,491)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	(532)
Unrealized gain on interest rate swaps, net of tax	(2,661)		0		0		0		0			(2,661)
Unrealized (loss) gain on interest rate swap, tax	(964)
Stock compensation	4,963		0		4,963		0		0			0
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	6,235		0		6,235		0		0			0
Purchase of treasury stock	(2,249)		0		0		(2,249)		0			0
Balance, Ending at Jun. 27, 2020	$ 1,939,517		$ 145		$ 406,640		$ (528,111)		$ 2,456,403			$ (395,560)
[1]	As of December 30, 2018, the company adopted ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" using the modified retrospective method. The adoption of this guidance resulted in the recognition of less than $0.1 million as an adjustment to the opening balance of retained earnings.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2020	Jun. 29, 2019
Cash flows from operating activities--
Net earnings	$ 94,941	$ 161,223
Adjustments to reconcile net earnings to net cash provided by operating activities--
Depreciation and amortization expense	54,210	50,135
Non-cash share-based compensation	9,122	1,334
Deferred income taxes	11,975	10,057
Net Periodic Benefit Cost, Other Components	(19,855)	(15,058)
Changes in assets and liabilities, net of acquisitions
Accounts receivable, net	137,208	934
Inventories, net	(11,398)	(65,154)
Prepaid expenses and other assets	13,707	(8,255)
Accounts payable	(54,169)	(4,561)
Accrued expenses and other liabilities	(70,981)	(29,065)
Net cash provided by operating activities	164,760	101,590
Cash flows from investing activities--
Additions to property and equipment	(22,712)	(21,630)
Proceeds from Sale of Property, Plant, and Equipment	9,381	0
Acquisitions, net of cash acquired	(29,850)	(167,089)
Net cash (used in) investing activities	(43,181)	(188,719)
Cash flows from financing activities--
Proceeds under Credit Facility	2,547,306	313,107
Repayments under Credit Facility	2,025,355	209,484
Net proceeds under international credit facilities	2,989	254
Net repayments under other debt arrangement	(23)	(175)
Payments of deferred purchase price	(2,145)	(446)
Repurchase of treasury stock	(76,849)	(6,086)
Payments of Debt Issuance Costs	7,592	0
Net cash (used in) provided by financing activities	438,331	97,170
Effect of exchange rates on cash and cash equivalents	(4,690)	(55)
Changes in cash and cash equivalents--
Net (decrease) increase in cash and cash equivalents	555,220	9,986
Cash and cash equivalents at beginning of year	94,500	71,701
Cash and cash equivalents at end of quarter	$ 649,720	$ 81,687

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 27, 2020
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 ("SEC"). 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 2019 Form 10-K. The company’s interim results are not necessarily indicative of future full year results for the fiscal year 2020. 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 June 27, 2020 and December 28, 2019, the results of operations for the three and six months ended June 27, 2020 and June 29, 2019, cash flows for the six months ended June 27, 2020 and June 29, 2019 and statement of stockholders' equity for the three and six months ended June 27, 2020 and June 29, 2019. Certain prior year amounts have been reclassified to be consistent with current year presentation, including classifying the non-operating components of pension benefit as an individual adjustment within the operating activities on the Consolidated Statements of Cash Flows. Previously the amounts were reported as changes in accrued expenses and other liabilities. 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 $5.0 million and $0.3 million for the three months period ended June 27, 2020 and June 29, 2019, respectively. Non-cash share-based compensation expense was $9.1 million and $1.3 million for the six months period ended June 27, 2020 and June 29, 2019, respectively. c) Income Taxes A tax provision of $5.6 million, at an effective rate of 20.9% was recorded during the three months period ended June 27, 2020, as compared to a $33.2 million tax provision at an effective rate of 26.5% in the prior year period. A tax provision of $28.3 million, at an effective rate of 22.9%, was recorded during the six months period ended June 27, 2020, as compared to a $53.9 million tax provision at a 25.1% effective rate in the prior year period. The effective tax rates in 2020 are lower than the comparable prior year rates primarily due to a reduction in non-deductible costs. d) Fair Value Measures Accounting Standards Codification ("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 the company's own assumptions. The company’s financial assets and liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands): Fair Value Fair Value Fair Value Total As of June 27, 2020 Financial Liabilities: Interest rate swaps $ — $ 61,433 $ — $ 61,433 Contingent consideration $ — $ — $ 10,880 $ 10,880 Foreign exchange derivative contracts — 1,036 — $ 1,036 As of December 28, 2019 Financial Assets: Interest rate swaps $ — $ 1,830 $ — $ 1,830 Financial Liabilities: Interest rate swaps $ — $ 25,120 $ — $ 25,120 Contingent consideration $ — $ — $ 6,697 $ 6,697 Foreign exchange derivative contracts $ — $ 901 $ — $ 901 The contingent consideration as of June 27, 2020 and December 28, 2019, relates to the earnout provisions recorded in conjunction with various purchase agreements. The earnout provisions associated with these acquisitions are based upon performance measurements related to sales and earnings, as defined in the respective purchase agreement. On a quarterly basis, the company assesses the projected results for each acquired business in comparison to the earnout targets and adjusts the liability accordingly. E) Consolidated Statements of Cash Flows Cash paid for interest was $32.9 million and $42.0 million for the six months ended June 27, 2020 and June 29, 2019, respectively. Cash payments totaling $8.0 million and $41.3 million were made for income taxes for the six months ended June 27, 2020 and June 29, 2019, respectively.

Acquisitions and Purchase Accou

Acquisitions and Purchase Accounting	6 Months Ended
	Jun. 27, 2020
Business Combinations [Abstract]
Business Combination Disclosure	Acquisitions and Purchase Accounting The company operates in a highly fragmented industry and has completed numerous acquisitions over the past several years as a component of its growth strategy. The company has acquired industry leading brands and technologies to position itself as a leader in the commercial foodservice equipment, food processing equipment and residential kitchen equipment industries. The company has accounted for all business combinations using the acquisition method to record a new cost basis for the assets acquired and liabilities assumed. The difference between the purchase price and the fair value of the assets acquired and liabilities assumed has been recorded as goodwill in the financial statements. The company also recognizes identifiable intangible assets, primarily trade names and customer relationships, at their fair value using a discounted cash flow model. The significant assumptions used to estimate the value of the intangible assets include revenue growth rates, projected profit margins, discount rates, royalty rates, and customer attrition rates. These significant assumptions are forward-looking and could be affected by future economic and market conditions. The results of operations are reflected in the consolidated financial statements of the company from the dates of acquisition. The following represents the company's significant acquisitions in 2020 and 2019 as well as summarized information on various acquisitions that were not individually material. The company also made smaller acquisitions not presented below which are individually and collectively immaterial. Cooking Solutions Group On April 1, 2019, the company completed its acquisition of all of the capital stock of Cooking Solutions Group, Inc. ("Cooking Solutions Group") from Standex International Corporation, which consists of the brands APW Wyott, Bakers Pride, BKI and Ultrafryer with locations in Texas, South Carolina and Mexico for a purchase price of approximately $106.1 million, net of cash acquired. During the third quarter of 2019, the company finalized the working capital provision provided for by the purchase agreement resulting in a payment due to the sellers of $0.1 million. The final allocation of consideration paid for the Cooking Solutions Group acquisition is summarized as follows (in thousands): (as initially Measurement (as adjusted) Cash $ 843 $ — $ 843 Current assets 33,666 (1,625) 32,041 Property, plant and equipment 15,959 (58) 15,901 Goodwill 31,207 6,330 37,537 Other intangibles 53,450 (5,850) 47,600 Other assets — 1,470 1,470 Current liabilities (15,130) (1,583) (16,713) Long-term deferred tax liability (13,082) 2,553 (10,529) Other non-current liabilities — (1,163) (1,163) Net assets acquired and liabilities assumed $ 106,913 $ 74 $ 106,987 The long-term deferred tax liability amounted to $10.5 million. The net deferred tax liability is comprised of $11.6 million of deferred tax liability related to the difference between the book and tax basis on identifiable intangible asset and liability accounts and $1.1 million of deferred tax asset related to the difference between the book and tax basis on identifiable tangible assets and liability accounts. The goodwill and $24.7 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also include $22.5 million allocated to customer relationships and $0.4 million allocated to backlog, which are being amortized over periods of 9 years and 3 months, respectively. Goodwill and other intangibles of Cooking Solutions Group are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes. Other 2019 Acquisitions During 2019, the company completed various other acquisitions that were not individually material. The estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2019 acquisitions and are summarized as follows (in thousands): Preliminary Opening Balance Sheet Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 2,683 $ (10) $ 2,673 Current assets 21,525 1,016 22,541 Property, plant and equipment 8,920 (166) 8,754 Goodwill 99,838 (9,550) 90,288 Other intangibles 64,019 9,200 73,219 Long-term deferred tax asset 1,288 1,428 2,716 Other assets 137 854 991 Current liabilities (20,437) (348) (20,785) Other non-current liabilities (6,170) (3,229) (9,399) Consideration paid at closing $ 171,803 $ (805) $ 170,998 Deferred payments 2,404 — 2,404 Contingent consideration 4,258 2,700 6,958 Net assets acquired and liabilities assumed $ 178,465 $ 1,895 $ 180,360 The long-term deferred tax asset amounted to $2.7 million. The net deferred tax asset is comprised of $2.9 million of deferred tax asset related to tax loss carryforwards, $1.0 million of deferred tax liability related to the difference between the book and tax basis of identifiable intangible assets and $0.8 million of deferred tax asset related to the difference between the book and tax basis on identifiable tangible asset and liability accounts. The goodwill and $32.7 million of other intangibles associated with the trade names are subject to the non-amortization provisions of ASC 350. Other intangibles also include $28.8 million allocated to customer relationships, $10.3 million allocated to developed technology and $1.4 million allocated to backlog, which are being amortized over periods of 2 to 10 years, 5 to 7 years, and 3 months, respectively. Goodwill of $42.6 million and other intangibles of $35.5 million of the companies are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. Goodwill of $34.9 million and other intangibles of $30.1 million are allocated to the Food Processing Equipment Group for segment reporting purposes. Goodwill of $12.8 million and other intangibles of $7.6 million are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. Of these assets, goodwill of $79.5 million and intangibles of $62.6 million are expected to be deductible for tax purposes. Two purchase agreements include deferred payments and earnout provisions providing for contingent payments due to the sellers to the extent certain financial targets are exceeded. The deferred payments are payable between 2020 and 2022. The contractual obligations associated with the deferred payments on the acquisition dates amount to $2.4 million. The earnouts are payable between 2021 and 2030, if the companies exceed certain sales and earnings targets. The contractual obligations associated with the contingent earnout provisions recognized on the acquisition dates amount to $7.0 million. The company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the company is waiting for additional information necessary to finalize those fair values for various 2019 acquisitions. Thus, the provisional measurements of fair value set forth above are subject to change. The company expects to complete the purchase price allocations during 2020. 2020 Acquisitions As of June 27, 2020, the company has completed various acquisitions that were not individually material. The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the acquisitions and are summarized as follows (in thousands): Preliminary Opening Balance Sheet Measurement Adjusted Opening Balance Sheet Cash $ 2,347 $ — $ 2,347 Current assets 31,089 (12,719) 18,370 Property, plant and equipment 1,032 (241) 791 Goodwill 12,776 333 13,109 Other intangibles 16,484 — 16,484 Other assets 1,708 — 1,708 Current liabilities (30,005) 12,627 (17,378) Other non-current liabilities (3,070) — (3,070) Consideration paid at closing $ 32,361 $ — $ 32,361 Deferred payments 1,250 — 1,250 Contingent consideration 1,774 — 1,774 Net assets acquired and liabilities assumed $ 35,385 $ — $ 35,385 The goodwill and $9.0 million of other intangibles associated with the trade names are subject to the non-amortization provisions of ASC 350. Other intangibles also include $5.3 million allocated to customer relationships, $0.2 million allocated to developed technology and $2.0 million allocated to backlog, which are being amortized over periods of 7 years, 7 years, and 9 months, respectively. Goodwill of $13.1 million and other intangibles of $16.5 million of the companies are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes and are expected to be deductible for tax purposes. One purchase agreement includes a deferred payment and earnout provision providing for contingent payments due to the sellers to the extent certain financial targets are exceeded. The deferred payment is payable during 2020. The contractual obligation associated with the deferred payments on the acquisition date is $1.3 million. The earnout is payable in 2023, if the company exceeds certain sales and earnings targets. The contractual obligation associated with the contingent earnout provision recognized on the acquisition date is $1.8 million. The company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the company is waiting for additional information necessary to finalize those fair values for substantially all 2020 acquisitions to date. Thus, the provisional measurements of fair value set forth above are subject to change. The company expects to complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. Pro Forma Financial Information In accordance with ASC 805 Business Combinations , the following unaudited pro forma results of operations for the six months ended June 27, 2020 and June 29, 2019, assumes the 2019 and 2020 acquisitions described above were completed on December 30, 2018 (first day of fiscal year 2019). The following pro forma results include adjustments to reflect amortization of intangibles associated with the acquisition and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): Six Months Ended June 27, 2020 June 29, 2019 Net sales $ 1,151,957 $ 1,520,365 Net earnings 96,987 147,786 Net earnings per share: Basic $ 1.76 $ 2.66 Diluted $ 1.76 $ 2.66 The historical consolidated financial information of the Company and the acquisitions have been adjusted in the pro forma information to give effect to pro forma events that are (1) directly attributable to the transactions, (2) factually supportable and (3) expected to have a continuing impact on the combined results. Pro forma data may not be indicative of the results that would have been obtained had these acquisitions occurred at the beginning of the periods presented, nor is it intended to be a projection of future results. Additionally, the pro forma financial information does not reflect the costs which the company has incurred or may incur to integrate the acquired businesses.

Litigation Matters

Litigation Matters	6 Months Ended
	Jun. 27, 2020
Notes To Financial Statements [Abstract]
Litigation Matters	Litigation MattersFrom 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
	Jun. 27, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards Accounting Pronouncements - Recently Adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, and has since modified the standard with several ASUs (collectively, the “new credit loss standard”). The new credit loss standard requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount. The company adopted the new standard as of December 29, 2019 (first day of fiscal year 2020) using the modified retrospective approach. As a result of the company's assessment process on its receivables and contract assets portfolio, which is the only financial instrument in scope of this standard, the adoption of this guidance did not have a material impact on the company's Condensed Consolidated Financial Statements. In January 2017, the FASB issued ASU 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. The company adopted this guidance on December 29, 2019 on a prospective basis. The adoption of this guidance did not have an impact on the company's Condensed Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement". The amendments in ASU-13 remove, modify and add various disclosure requirements around fair value measurement in order to clarify and improve the cost-benefit nature of disclosures. The company adopted this guidance on December 29, 2019 on a prospective basis. The adoption of this guidance did not have an impact on the company's Condensed Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-15, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40)". The amendments in ASU-15 align the requirements for capitalizing implementation costs in a service contract hosting arrangement with those of developing or obtaining internal-use software. The company adopted this guidance on December 29, 2019 on a prospective basis. The adoption of this guidance did not have an impact on the company's Condensed Consolidated Financial Statements. Accounting Pronouncements - To be adopted In August 2018, the FASB issued ASU 2018-14, "Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20)". The amendments in ASU-14 remove, modify and add various disclosure requirements around the topic in order to clarify and improve the cost-benefit nature of disclosures. This guidance is effective for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2020 with early adoption permitted. The amendments must be applied on a retrospective basis for all periods presented. The company is currently evaluating the impacts the adoption of this guidance will have on its Condensed Consolidated Financial Statements. In December 2019, the FASB issued ASU 2019-12, "Simplifying the Accounting for Income Taxes (Topic 740)", which removes certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. This guidance also clarifies and simplifies other areas of ASC 740. This guidance is effective for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2020 with early adoption permitted. Certain amendments in this update must be applied on a prospective basis, certain amendments must be applied on a retrospective basis, and certain amendments must be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings in the period of adoption. The company is currently evaluating the impacts the adoption of this guidance will have on its Condensed Consolidated Financial Statements.

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition (Notes)	6 Months Ended
	Jun. 27, 2020
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Recognition Disaggregation of Revenue The company disaggregates its net sales by reportable operating segment and geographical location as the company believes it best depicts how the nature, timing and uncertainty of its net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under the company's long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes the company's net sales by reportable operating segment and geographical location (in thousands): Commercial Food Processing Residential Kitchen Total Three Months Ended June 27, 2020 United States and Canada $ 195,899 $ 72,762 $ 81,724 $ 350,385 Asia 27,548 6,110 900 34,558 Europe and Middle East 39,852 19,104 21,506 80,462 Latin America 4,201 3,587 (1,216) 6,572 Total $ 267,500 $ 101,563 $ 102,914 $ 471,977 Six Months Ended June 27, 2020 United States and Canada $ 502,409 $ 145,644 $ 166,798 $ 814,851 Asia 65,072 13,749 1,878 80,699 Europe and Middle East 119,584 38,451 64,971 223,006 Latin America 23,559 7,985 (664) 30,880 Total $ 710,624 $ 205,829 $ 232,983 $ 1,149,436 Three Months Ended June 29, 2019 United States and Canada $ 357,718 $ 58,100 $ 100,472 $ 516,290 Asia 52,031 8,054 1,467 61,552 Europe and Middle East 85,962 25,881 47,006 158,849 Latin America 17,568 5,818 927 24,313 Total $ 513,279 $ 97,853 $ 149,872 $ 761,004 Six Months Ended June 29, 2019 United States and Canada $ 657,993 $ 115,689 $ 183,830 $ 957,512 Asia 100,324 16,736 2,865 119,925 Europe and Middle East 175,858 46,499 97,621 319,978 Latin America 36,635 11,403 2,353 50,391 Total $ 970,810 $ 190,327 $ 286,669 $ 1,447,806 Contract Balances Contract assets primarily relate to the company's right to consideration for work completed but not billed at the reporting date and are recorded in prepaid expenses and other in the Condensed Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Accounts receivable are not considered contract assets under the revenue standard as contract assets are conditioned upon the company's future satisfaction of a performance obligation. Accounts receivable, in contracts, are unconditional rights to consideration. Contract liabilities relate to advance consideration received from customers for which revenue has not been recognized. Current contract liabilities are recorded in accrued expenses in the Condensed Consolidated Balance Sheet. Non-current contract liabilities are recorded in other non-current liabilities in the Condensed Consolidated Balance Sheet. Contract liabilities are reduced when the associated revenue from the contract is recognized. The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands): Jun 27, 2020 Dec 28, 2019 Contract assets $ 25,394 $ 22,675 Contract liabilities $ 81,504 $ 74,511 Non-current contract liabilities $ 11,305 $ 12,870 During the six months period ended June 27, 2020, the company reclassified $9.5 million to receivables, which was included in the contract asset balance at the beginning of the period. During the six months period ended June 27, 2020, the company recognized revenue of $47.1 million which was included in the contract liability balance at the beginning of the period. Additions to contract liabilities representing amounts billed to clients in excess of revenue recognized to date were $66.5 million during the six months period ended June 27, 2020. The increase in contract liabilities primarily relates to companies acquired during the six months period ended June 27, 2020. Substantially, all of the company's outstanding performance obligations will be satisfied within 12 to 36 months. There were no contract asset impairments during the six months period ended June 27, 2020.

Inventories

Inventories	6 Months Ended
	Jun. 27, 2020
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 June 27, 2020 and December 28, 2019 are as follows (in thousands): Jun 27, 2020 Dec 28, 2019 Raw materials and parts $ 300,792 $ 277,394 Work-in-process 61,856 58,663 Finished goods 245,836 249,642 $ 608,484 $ 585,699

Goodwill

Goodwill	6 Months Ended
	Jun. 27, 2020
Notes To Financial Statements [Abstract]
Goodwill	Goodwill Changes in the carrying amount of goodwill for the six months ended June 27, 2020 are as follows (in thousands): Commercial Food Residential Kitchen Total Balance as of December 28, 2019 $ 1,153,552 $ 257,679 $ 438,516 $ 1,849,747 Goodwill acquired during the year 13,109 — — 13,109 Measurement period adjustments to (55) (8,732) 3,336 (5,451) Exchange effect (2,686) 400 (13,435) (15,721) Balance as of June 27, 2020 $ 1,163,920 $ 249,347 $ 428,417 $ 1,841,684 The company continues to monitor the global outbreak of the COVID-19 pandemic to assess the outlook for demand of its products and the impact on its business and financial performance. The potential impact of the COVID-19 pandemic on demand, production levels, and its operating results in the short-term is uncertain, but the company remains committed to the strategic actions necessary to realize long-term revenue and cash flow growth rates. The potential negative demand effect on revenues is also uncertain given the volatile environment, but demand and production levels are anticipated to recover. As a result of the company's analysis, and in consideration of the totality of events and circumstances, there were no triggering events requiring an interim goodwill impairment assessment identified during the six months period ended June 27, 2020. Additionally, for the assessment of indefinite-life intangible assets other than goodwill, primarily trademarks and trade names, the company identified several trademarks and trade names with indicators of potential risk for impairment and performed quantitative assessments. The fair values of the trademarks tested exceeded their carrying values by more than 10%. As a result, no impairment charges for goodwill and indefinite-lived intangible assets were recorded during the six months period ended June 27, 2020.

Intangibles (Notes)

Intangibles (Notes)	6 Months Ended
	Jun. 27, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets Disclosure [Text Block]	Intangibles Intangible assets consist of the following (in thousands): June 27, 2020 December 28, 2019 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer lists 8.8 $ 727,586 $ (315,960) 9.2 $ 717,397 $ (283,846) Backlog 0.6 31,336 (29,541) 1.3 29,426 (28,283) Developed technology 4.3 34,324 (23,146) 5.2 32,999 (21,378) $ 793,246 $ (368,647) $ 779,822 $ (333,507) Indefinite-lived assets: Trademarks and tradenames $ 1,005,203 $ 997,066 The aggregate intangible amortization expense was $17.6 million and $14.7 million for the three months period ended June 27, 2020 and June 29, 2019, respectively. The aggregate intangible amortization expense was $34.5 million and $30.8 million for the six months period ended June 27, 2020 and June 29, 2019, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands): Twelve Month Period coinciding with the end of the company's Fiscal Second Quarter Amortization Expense 2021 $ 66,606 2022 61,875 2023 56,171 2024 48,743 2025 37,113 Thereafter 154,091 $ 424,599

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 27, 2020
Disclosure Accrued Expenses [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consist of the following (in thousands): Jun 27, 2020 Dec 28, 2019 Contract liabilities $ 81,504 $ 74,511 Accrued warranty 62,494 66,374 Accrued payroll and related expenses 57,607 81,541 Accrued short-term leases 22,830 21,827 Accrued customer rebates 22,372 51,709 Accrued sales and other tax 13,653 19,862 Accrued product liability and workers compensation 13,029 15,164 Accrued professional fees 12,864 13,368 Accrued agent commission 9,657 13,816 Other accrued expenses 59,577 58,378 $ 355,587 $ 416,550

Warranty Costs

Warranty Costs	6 Months Ended
	Jun. 27, 2020
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 (in thousands): Six Months Ended Jun 27, 2020 Balance as of December 28, 2019 $ 66,374 Warranty reserve related to acquisitions 1,335 Warranty expense 23,351 Warranty claims (28,566) Balance as of June 27, 2020 $ 62,494

Financing Arrangements

Financing Arrangements	6 Months Ended
	Jun. 27, 2020
Notes To Financial Statements [Abstract]
Financing Arrangements	Financing Arrangements Jun 27, 2020 Dec 28, 2019 (in thousands) Senior secured revolving credit line $ 1,640,996 $ 1,869,402 Term loan facility 750,000 — Foreign loans 5,826 3,622 Other debt arrangement 94 116 Total debt 2,396,916 1,873,140 Less: Current maturities of long-term debt 23,971 2,894 Long-term debt 2,372,945 1,870,246 On January 31, 2020, the company entered into an amended and restated five-year, $3.5 billion multi-currency senior secured credit agreement (the "Credit Facility"). The Credit Facility amends the company's pre-existing $3.0 billion credit facility, which had an original maturity of July 2021. The Credit Facility consists of (i) a $750.0 million term loan facility and (ii) a $2.75 billion multi-currency revolving credit facility, with the potential under certain circumstances, to increase the amount of the credit facility to up to a total of $4.0 billion (plus additional amounts, subject to compliance with a senior secured net leverage ratio). The Credit Facility matures on January 31, 2025. The term loan facility will amortize in equal quarterly installments due on the last day of each fiscal quarter, commencing with the first full fiscal quarter after January 31, 2020, in an aggregate annual amount equal to 2.50% of the original aggregate principal amount of the term loan facility, with the balance, plus any accrued interest, due and payable on January 31, 2025. As of June 27, 2020, the company had $2.4 billion of borrowings outstanding under the revolving credit facility, including $1.6 billion of borrowings in U.S. Dollars, $52.0 million of borrowings denominated in British Pounds, and $750.0 million outstanding under the term loan. The company also had $13.6 million in outstanding letters of credit as of June 27, 2020, which reduces the borrowing availability under the Credit Facility. Remaining borrowing availability under this facility was $1.1 billion at June 27, 2020. At June 27, 2020, borrowings under the Credit Facility accrued interest at a rate of 1.625% above LIBOR per annum or 0.625% 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, inclusive of hedging instruments, on the debt under the Credit Facility was equal to 2.98% at the end of the period. The interest rates on borrowings under the Credit Facility may be adjusted quarterly based on the company’s Funded Debt less 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 0.25% per annum as of June 27, 2020. The term loan facility had an average interest rate per annum, inclusive of hedging instruments, of 2.05% as of June 27, 2020. In addition, the company has other international credit facilities to fund working capital needs outside the United States and the United Kingdom. At June 27, 2020, these foreign credit facilities amounted to $5.8 million in U.S. Dollars with a weighted average per annum interest rate of approximately 6.26%. 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 Credit Facility in January 2025. 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): Jun 27, 2020 Dec 28, 2019 Carrying Value Fair Value Carrying Value Fair Value Total debt $ 2,396,916 $ 2,396,916 $ 1,873,140 $ 1,873,140 The company uses floating-to-fixed interest rate swap agreements to hedge variable interest rate risk associated with the Credit Facility. At June 27, 2020, the company had outstanding floating-to-fixed interest rate swaps totaling $51.0 million notional amount carrying an average interest rate of 1.27% maturing in less than 12 months and $1,062.0 million notional amount carrying an average interest rate of 2.02% that mature in more than 12 months but less than 84 months. 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 Debt less Unrestricted Cash to Pro Forma EBITDA (each as defined in the Credit Facility) of 4.00 to 1.00, which may be adjusted to 4.50 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 June 27, 2020, the company was in compliance with all covenants pursuant to its borrowing agreements. The company has run various scenarios to estimate the impact of the COVID-19 pandemic and continues to believe that its future cash generated from operations, together with its capacity under its Credit Facility and its cash on hand, will provide adequate resources to meet its working capital needs and cash requirements for at least the next 12 months. The company expects to be in compliance with the financial covenants in its Credit Facility; however, given the uncertainty of conditions for the remainder of 2020, the company will aggressively monitor and assess whether compliance is at substantial risk and may warrant further actions with banking partners. The company believes any necessary actions would result in the ability to achieve subsequent compliance and avoidance of default under its borrowing agreements.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 27, 2020
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. Foreign Exchange : The company uses foreign currency forward, foreign exchange swaps and option purchase and sales contracts 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 $1.0 million at the end of the second quarter of 2020. 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 June 27, 2020, the fair value of these instruments was a liability of $61.4 million. The change in fair value of these swap agreements in the first six months of 2020 was a loss of $27.9 million, net of taxes. The following table summarizes the company’s fair value of interest rate swaps (in thousands): Condensed Consolidated Jun 27, 2020 Dec 28, 2019 Fair value Other assets $ — $ 1,830 Fair value Accrued expenses $ 1,067 $ — Fair value Other non-current liabilities $ 60,366 $ 25,120 The impact on earnings from interest rate swaps was as follows (in thousands): Three Months Ended Six Months Ended Presentation of Gain/(loss) Jun 27, 2020 Jun 29, 2019 Jun 27, 2020 Jun 29, 2019 Gain/(loss) recognized in accumulated other comprehensive income Other comprehensive income $ (7,619) $ (18,187) $ (43,404) $ (29,976) Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (3,994) $ 784 $ (5,261) $ 1,550 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
	Jun. 27, 2020
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 foodservice equipment for the restaurant and institutional kitchen industry. This business segment has manufacturing facilities in Arkansas, California, Illinois, Massachusetts, Michigan, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, Washington, Australia, China, Denmark, Estonia, Italy, Mexico, the Philippines, Poland, Sweden and the United Kingdom. Principal product lines of this group include conveyor ovens, combi-ovens, convection ovens, baking ovens, proofing ovens, deck ovens, speed cooking ovens, hydrovection ovens, ranges, fryers, rethermalizers, steam cooking equipment, food warming equipment, catering equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, coldrooms, ice machines, freezers, and soft serve ice cream, coffee, and beverage dispensing equipment. These products are sold and marketed under the brand names: Anets, APW Wyott, Bakers Pride, Beech, BKI, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, CTX, Carter-Hoffmann, Celfrost, Concordia, CookTek, Crown, Desmon, Deutsche, Doyon, Eswood, EVO, Firex, Follett, Frifri, Giga, Globe, Goldstein, Holman, Houno, IMC, Induc, Jade, JoeTap, Josper, L2F, Lang, Lincat, MagiKitch’n, Market Forge, Marsal, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco, QualServ, RAM, SiteSage, Southbend, Star, Sveba Dahlen, Ss Brewtech, Synesso, Taylor, Toastmaster, TurboChef, Ultrafryer, Varimixer, 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, Pennsylvania, Texas, Virginia, Washington, Wisconsin, Denmark, France, Germany, India and the United Kingdom. Principal product lines of this group include batch ovens, baking ovens, proofing ovens, conveyor belt ovens, continuous processing ovens, frying systems and automated thermal processing systems, grinders, slicers, reduction and emulsion systems, mixers, blenders, battering equipment, breading equipment, seeding equipment, water cutting systems, food presses, food suspension equipment, filling and depositing solutions, forming equipment, automated loading and unloading systems, food safety, food handling, freezing, defrosting and packaging 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, Emico, Glimek, Hinds-Bock, Maurer-Atmos, MP Equipment, M-TEK, Pacpro, RapidPak, Scanico, Spooner Vicars, Stewart Systems, Thurne and Ve.Ma.C. 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, Oregon, Wisconsin, France, Ireland, Romania and the United Kingdom. Principal product lines of this group are ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, ventilation equipment and outdoor equipment. These products are sold and marketed under the brand names: AGA, AGA Cookshop, Brava, Brigade, EVO, Fired Earth, 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 Jun 27, 2020 Jun 29, 2019 Jun 27, 2020 Jun 29, 2019 Sales Percent Sales Percent Sales Percent Sales Percent Business Segments: Commercial Foodservice $ 267,500 56.7 % $ 513,279 67.4 % $ 710,624 61.8 % $ 970,810 67.1 % Food Processing 101,563 21.5 97,853 12.9 205,829 17.9 190,327 13.1 Residential Kitchen 102,914 21.8 149,872 19.7 232,983 20.3 286,669 19.8 Total $ 471,977 100.0 % $ 761,004 100.0 % $ 1,149,436 100.0 % $ 1,447,806 100.0 % The following table summarizes the results of operations for the company's business segments (in thousands): Commercial Food Processing Residential Kitchen Corporate and Other (1) Total Three Months Ended June 27, 2020 Net sales $ 267,500 $ 101,563 $ 102,914 $ — $ 471,977 Income (loss) from operations (2)(3) 26,974 19,583 6,526 (13,965) 39,118 Depreciation expense 5,307 1,363 2,794 4 9,468 Amortization expense (4) 12,894 2,000 2,737 512 18,143 Net capital expenditures 2,806 594 750 — 4,150 Six Months Ended June 27, 2020 Net sales $ 710,624 $ 205,829 $ 232,983 $ — $ 1,149,436 Income (loss) from operations (2)(3) 115,581 34,941 19,234 (25,224) 144,532 Depreciation expense 10,207 2,699 5,777 15 18,698 Amortization expense (4) 25,334 3,700 5,457 1,021 35,512 Net capital expenditures 7,492 2,423 3,295 121 13,331 Total assets $ 3,149,853 $ 617,638 $ 1,119,685 $ 527,525 $ 5,414,701 Three Months Ended June 29, 2019 Net sales $ 513,279 $ 97,853 $ 149,872 $ — $ 761,004 Income (loss) from operations (2)(3) 111,572 18,542 20,599 (11,106) 139,607 Depreciation expense 5,382 1,199 2,892 49 9,522 Amortization expense (4) 11,028 1,224 2,444 403 15,099 Net capital expenditures 7,240 1,376 2,515 2,404 13,535 Six Months Ended June 29, 2019 Net sales $ 970,810 $ 190,327 $ 286,669 $ — $ 1,447,806 Income (loss) from operations (2)(3) 208,383 31,128 39,370 (38,213) 240,668 Depreciation expense 10,301 2,340 5,800 97 18,538 Amortization expense (4) 22,289 3,607 4,895 806 31,597 Net capital expenditures 13,213 2,077 3,936 2,404 21,630 Total assets $ 3,190,584 $ 528,008 $ 1,136,859 $ 31,218 $ 4,886,669 (1) Includes corporate and other general company assets and operations. (2) Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. (3) Restructuring expenses are allocated in operating income by segment. See note 16 for further details. (4) Includes amortization of deferred financing costs. Geographic Information Long-lived assets, not including goodwill and other intangibles (in thousands): Jun 27, 2020 Jun 29, 2019 United States and Canada $ 309,764 $ 280,360 Asia 21,935 14,219 Europe and Middle East 154,020 175,745 Latin America 6,230 6,895 Total international $ 182,185 $ 196,859 $ 491,949 $ 477,219

Employee Retirement Plans

Employee Retirement Plans	6 Months Ended
	Jun. 27, 2020
Employee Retirement Plans [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. 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 former Chairman ("Chairman Plan"). The retirement benefits are based upon a percentage of the former 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. 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 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 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 Jun 27, 2020 Jun 29, 2019 Jun 27, 2020 Jun 29, 2019 Net Periodic Pension Benefit: Service cost $ 624 $ 620 $ 1,269 $ 1,246 Interest cost 6,212 8,349 12,630 16,781 Expected return on assets (17,405) (16,832) (35,387) (33,830) Amortization of net (gain) loss 810 156 1,647 313 Amortization of prior service cost (credit) 617 642 1,255 1,290 Curtailment loss (gain) — 388 — 388 $ (9,142) $ (6,677) $ (18,586) $ (13,812) The pension costs for all other plans of the company were not material during the period. The service cost component is recognized within Selling, general and administrative expenses and the non-operating components of pension benefit are included within Net periodic pension benefit (other than service cost) in the Condensed Consolidated Statements of Comprehensive Income. (b) Defined Contribution Plans The company maintains two separate defined contribution 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 United Kingdom based employees.

Restructuring (Notes)

Restructuring (Notes)	6 Months Ended
	Jun. 27, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	Restructuring During fiscal 2019, the company undertook cost reduction initiatives related to the Commercial Foodservice Equipment Group including headcount reductions and facility consolidations. These actions resulted in an additional charge of $0.5 million in the three months ended March 28, 2020. During the three months ended June 27, 2020, there were no additional expenses incurred with respect to such cost reduction initiatives taken during fiscal 2019. These expenses are reflected in restructuring expenses in the Condensed Consolidated Statements of Comprehensive Income. At June 27, 2020, the restructuring obligations for these initiatives were substantially completed with no future expenses expected. During the three months ended June 27, 2020, due to the COVID-19 pandemic, the company began cost reduction initiatives primarily related to headcount reductions within the Commercial Foodservice Equipment Group. These actions resulted in an additional charge of $1.6 million in the three months ended June 27, 2020. These expenses are reflected in restructuring expenses in the Condensed Consolidated Statements of Comprehensive Income. The company estimates that these restructuring initiatives, will result in future cost savings of less than $5.0 million annually. At June 27, 2020, the restructuring obligations accrued for these initiatives are immaterial. The restructuring expenses for the other segments of the company were not material during the period.

Share Repurchases (Notes)

Share Repurchases (Notes)	6 Months Ended
	Jun. 27, 2020
Text Block [Abstract]
Treasury Stock [Text Block]	Share Repurchases        On November 7, 2017, the company's Board of Directors approved a stock repurchase program. This program authorizes the company to repurchase in the aggregate up to 2,500,000 shares of its outstanding common stock in open market purchase transactions. For the six months ended June 27, 2020, the company repurchased 896,965 shares of its common stock under the program for $69.7 million, including applicable commissions, which represented an average price of $77.70. As of June 27, 2020, 1,023,165 shares had been purchased under the 2017 stock repurchase program. The company also treats shares withheld for tax purposes on behalf of employees in connection with the vesting of restricted share grants as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. For the six months ended June 27, 2020, the company repurchased 106,935 shares of its common stock that were surrendered to the company for withholding taxes related to restricted stock vestings for $7.1 million.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 27, 2020
Accounting Policies [Abstract]
Basis of Presentation	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 ("SEC"). 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 2019 Form 10-K. The company’s interim results are not necessarily indicative of future full year results for the fiscal year 2020. 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 June 27, 2020 and December 28, 2019, the results of operations for the three and six months ended June 27, 2020 and June 29, 2019, cash flows for the six months ended June 27, 2020 and June 29, 2019 and statement of stockholders' equity for the three and six months ended June 27, 2020 and June 29, 2019.
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	Non-Cash Share-Based CompensationThe 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.
Income Tax Contingencies	Income TaxesA tax provision of $5.6 million, at an effective rate of 20.9% was recorded during the three months period ended June 27, 2020, as compared to a $33.2 million tax provision at an effective rate of 26.5% in the prior year period. A tax provision of $28.3 million, at an effective rate of 22.9%, was recorded during the six months period ended June 27, 2020, as compared to a $53.9 million tax provision at a 25.1% effective rate in the prior year period. The effective tax rates in 2020 are lower than the comparable prior year rates primarily due to a reduction in non-deductible costs.
Fair Value Measures	Fair Value Measures Accounting Standards Codification ("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 the company's own assumptions.

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Policies)	6 Months Ended
	Jun. 27, 2020
Revenue Recognition [Abstract]
Revenue [Policy Text Block]	disaggregates its net sales by reportable operating segment and geographical location as the company believes it best depicts how the nature, timing and uncertainty of its net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under the company's long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 27, 2020
Accounting Policies [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The company’s financial assets and liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands): Fair Value Fair Value Fair Value Total As of June 27, 2020 Financial Liabilities: Interest rate swaps $ — $ 61,433 $ — $ 61,433 Contingent consideration $ — $ — $ 10,880 $ 10,880 Foreign exchange derivative contracts — 1,036 — $ 1,036 As of December 28, 2019 Financial Assets: Interest rate swaps $ — $ 1,830 $ — $ 1,830 Financial Liabilities: Interest rate swaps $ — $ 25,120 $ — $ 25,120 Contingent consideration $ — $ — $ 6,697 $ 6,697 Foreign exchange derivative contracts $ — $ 901 $ — $ 901

Acquisitions and Purchase Acc_2

Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables)	6 Months Ended
	Jun. 27, 2020
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Information	The following pro forma results include adjustments to reflect amortization of intangibles associated with the acquisition and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): Six Months Ended June 27, 2020 June 29, 2019 Net sales $ 1,151,957 $ 1,520,365 Net earnings 96,987 147,786 Net earnings per share: Basic $ 1.76 $ 2.66 Diluted $ 1.76 $ 2.66
Cooking Solutions Group
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The final allocation of consideration paid for the Cooking Solutions Group acquisition is summarized as follows (in thousands): (as initially Measurement (as adjusted) Cash $ 843 $ — $ 843 Current assets 33,666 (1,625) 32,041 Property, plant and equipment 15,959 (58) 15,901 Goodwill 31,207 6,330 37,537 Other intangibles 53,450 (5,850) 47,600 Other assets — 1,470 1,470 Current liabilities (15,130) (1,583) (16,713) Long-term deferred tax liability (13,082) 2,553 (10,529) Other non-current liabilities — (1,163) (1,163) Net assets acquired and liabilities assumed $ 106,913 $ 74 $ 106,987
2019 Acquisitions
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2019 acquisitions and are summarized as follows (in thousands): Preliminary Opening Balance Sheet Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 2,683 $ (10) $ 2,673 Current assets 21,525 1,016 22,541 Property, plant and equipment 8,920 (166) 8,754 Goodwill 99,838 (9,550) 90,288 Other intangibles 64,019 9,200 73,219 Long-term deferred tax asset 1,288 1,428 2,716 Other assets 137 854 991 Current liabilities (20,437) (348) (20,785) Other non-current liabilities (6,170) (3,229) (9,399) Consideration paid at closing $ 171,803 $ (805) $ 170,998 Deferred payments 2,404 — 2,404 Contingent consideration 4,258 2,700 6,958 Net assets acquired and liabilities assumed $ 178,465 $ 1,895 $ 180,360
2020 Acquisitions
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the acquisitions and are summarized as follows (in thousands): Preliminary Opening Balance Sheet Measurement Adjusted Opening Balance Sheet Cash $ 2,347 $ — $ 2,347 Current assets 31,089 (12,719) 18,370 Property, plant and equipment 1,032 (241) 791 Goodwill 12,776 333 13,109 Other intangibles 16,484 — 16,484 Other assets 1,708 — 1,708 Current liabilities (30,005) 12,627 (17,378) Other non-current liabilities (3,070) — (3,070) Consideration paid at closing $ 32,361 $ — $ 32,361 Deferred payments 1,250 — 1,250 Contingent consideration 1,774 — 1,774 Net assets acquired and liabilities assumed $ 35,385 $ — $ 35,385

Revenue Recognition Revenue R_3

Revenue Recognition Revenue Recognition (Tables)	6 Months Ended
	Jun. 27, 2020
Revenue Recognition [Abstract]
Disaggregation of Revenue [Table Text Block]	Disaggregation of Revenue The company disaggregates its net sales by reportable operating segment and geographical location as the company believes it best depicts how the nature, timing and uncertainty of its net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under the company's long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes the company's net sales by reportable operating segment and geographical location (in thousands): Commercial Food Processing Residential Kitchen Total Three Months Ended June 27, 2020 United States and Canada $ 195,899 $ 72,762 $ 81,724 $ 350,385 Asia 27,548 6,110 900 34,558 Europe and Middle East 39,852 19,104 21,506 80,462 Latin America 4,201 3,587 (1,216) 6,572 Total $ 267,500 $ 101,563 $ 102,914 $ 471,977 Six Months Ended June 27, 2020 United States and Canada $ 502,409 $ 145,644 $ 166,798 $ 814,851 Asia 65,072 13,749 1,878 80,699 Europe and Middle East 119,584 38,451 64,971 223,006 Latin America 23,559 7,985 (664) 30,880 Total $ 710,624 $ 205,829 $ 232,983 $ 1,149,436 Three Months Ended June 29, 2019 United States and Canada $ 357,718 $ 58,100 $ 100,472 $ 516,290 Asia 52,031 8,054 1,467 61,552 Europe and Middle East 85,962 25,881 47,006 158,849 Latin America 17,568 5,818 927 24,313 Total $ 513,279 $ 97,853 $ 149,872 $ 761,004 Six Months Ended June 29, 2019 United States and Canada $ 657,993 $ 115,689 $ 183,830 $ 957,512 Asia 100,324 16,736 2,865 119,925 Europe and Middle East 175,858 46,499 97,621 319,978 Latin America 36,635 11,403 2,353 50,391 Total $ 970,810 $ 190,327 $ 286,669 $ 1,447,806
Contract with Customer, Asset and Liability [Table Text Block]	The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands): Jun 27, 2020 Dec 28, 2019 Contract assets $ 25,394 $ 22,675 Contract liabilities $ 81,504 $ 74,511 Non-current contract liabilities $ 11,305 $ 12,870

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 27, 2020
Disclosure Other Comprehensive Income Additional Information [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 28, 2019 $ (105,705) $ (228,336) $ (16,892) $ (350,933) Other comprehensive income before reclassification (29,064) 12,317 (33,141) (49,888) Amounts reclassified from accumulated other comprehensive income — — 5,261 5,261 Net current-period other comprehensive income $ (29,064) $ 12,317 $ (27,880) $ (44,627) Balance as of June 27, 2020 $ (134,769) $ (216,019) $ (44,772) $ (395,560) Balance as of December 29, 2018 $ (112,771) $ (170,938) $ 7,233 $ (276,476) Adoption of ASU 2017-12 (2) — — 11 11 Other comprehensive income before reclassification (1,762) (9) (21,952) (23,723) Amounts reclassified from accumulated other comprehensive income — — (1,550) (1,550) Net current-period other comprehensive income $ (1,762) $ (9) $ (23,491) $ (25,262) Balance as of June 29, 2019 $ (114,533) $ (170,947) $ (16,258) $ (301,738)
Schedule of Comprehensive Income (Loss)	Components of other comprehensive income were as follows (in thousands): Three Months Ended Six Months Ended Jun 27, 2020 Jun 29, 2019 Jun 27, 2020 Jun 29, 2019 Net earnings $ 21,162 $ 92,210 $ 94,941 $ 161,223 Currency translation adjustment 19,852 (12,445) (29,064) (1,762) Pension liability adjustment, net of tax (2,491) 5,254 12,317 (9) Unrealized loss on interest rate swaps, net of tax (2,661) (14,124) (27,880) (23,491) Comprehensive income $ 35,862 $ 70,895 $ 50,314 $ 135,961

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 27, 2020
Notes To Financial Statements [Abstract]
Schedule of Inventory, Current	Inventories at June 27, 2020 and December 28, 2019 are as follows (in thousands): Jun 27, 2020 Dec 28, 2019 Raw materials and parts $ 300,792 $ 277,394 Work-in-process 61,856 58,663 Finished goods 245,836 249,642 $ 608,484 $ 585,699

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 27, 2020
Notes To Financial Statements [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the six months ended June 27, 2020 are as follows (in thousands): Commercial Food Residential Kitchen Total Balance as of December 28, 2019 $ 1,153,552 $ 257,679 $ 438,516 $ 1,849,747 Goodwill acquired during the year 13,109 — — 13,109 Measurement period adjustments to (55) (8,732) 3,336 (5,451) Exchange effect (2,686) 400 (13,435) (15,721) Balance as of June 27, 2020 $ 1,163,920 $ 249,347 $ 428,417 $ 1,841,684 The company continues to monitor the global outbreak of the COVID-19 pandemic to assess the outlook for demand of its products and the impact on its business and financial performance. The potential impact of the COVID-19 pandemic on demand, production levels, and its operating results in the short-term is uncertain, but the company remains committed to the strategic actions necessary to realize long-term revenue and cash flow growth rates. The potential negative demand effect on revenues is also uncertain given the volatile environment, but demand and production levels are anticipated to recover. As a result of the company's analysis, and in consideration of the totality of events and circumstances, there were no triggering events requiring an interim goodwill impairment assessment identified during the six months period ended June 27, 2020. Additionally, for the assessment of indefinite-life intangible assets other than goodwill, primarily trademarks and trade names, the company identified several trademarks and trade names with indicators of potential risk for impairment and performed quantitative assessments. The fair values of the trademarks tested exceeded their carrying values by more than 10%. As a result, no impairment charges for goodwill and indefinite-lived intangible assets were recorded during the six months period ended June 27, 2020.

Intangibles (Tables)

Intangibles (Tables)	6 Months Ended
	Jun. 27, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Intangible assets consist of the following (in thousands): June 27, 2020 December 28, 2019 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer lists 8.8 $ 727,586 $ (315,960) 9.2 $ 717,397 $ (283,846) Backlog 0.6 31,336 (29,541) 1.3 29,426 (28,283) Developed technology 4.3 34,324 (23,146) 5.2 32,999 (21,378) $ 793,246 $ (368,647) $ 779,822 $ (333,507) Indefinite-lived assets: Trademarks and tradenames $ 1,005,203 $ 997,066
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The estimated future amortization expense of intangible assets is as follows (in thousands): Twelve Month Period coinciding with the end of the company's Fiscal Second Quarter Amortization Expense 2021 $ 66,606 2022 61,875 2023 56,171 2024 48,743 2025 37,113 Thereafter 154,091 $ 424,599

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 27, 2020
Disclosure Accrued Expenses [Abstract]
Schedule of Accrued Liabilities	Accrued expenses consist of the following (in thousands): Jun 27, 2020 Dec 28, 2019 Contract liabilities $ 81,504 $ 74,511 Accrued warranty 62,494 66,374 Accrued payroll and related expenses 57,607 81,541 Accrued short-term leases 22,830 21,827 Accrued customer rebates 22,372 51,709 Accrued sales and other tax 13,653 19,862 Accrued product liability and workers compensation 13,029 15,164 Accrued professional fees 12,864 13,368 Accrued agent commission 9,657 13,816 Other accrued expenses 59,577 58,378 $ 355,587 $ 416,550

Warranty Costs (Tables)

Warranty Costs (Tables)	6 Months Ended
	Jun. 27, 2020
Notes To Financial Statements [Abstract]
Product Warranty Table Disclosure	A rollforward of the warranty reserve is as follows (in thousands): Six Months Ended Jun 27, 2020 Balance as of December 28, 2019 $ 66,374 Warranty reserve related to acquisitions 1,335 Warranty expense 23,351 Warranty claims (28,566) Balance as of June 27, 2020 $ 62,494

Financing Arrangements (Tables)

Financing Arrangements (Tables)	6 Months Ended
	Jun. 27, 2020
Notes To Financial Statements [Abstract]
Schedule of Long-term Debt Instruments	Jun 27, 2020 Dec 28, 2019 (in thousands) Senior secured revolving credit line $ 1,640,996 $ 1,869,402 Term loan facility 750,000 — Foreign loans 5,826 3,622 Other debt arrangement 94 116 Total debt 2,396,916 1,873,140 Less: Current maturities of long-term debt 23,971 2,894 Long-term debt 2,372,945 1,870,246
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): Jun 27, 2020 Dec 28, 2019 Carrying Value Fair Value Carrying Value Fair Value Total debt $ 2,396,916 $ 2,396,916 $ 1,873,140 $ 1,873,140

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 27, 2020
Notes To Financial Statements [Abstract]
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 Jun 27, 2020 Dec 28, 2019 Fair value Other assets $ — $ 1,830 Fair value Accrued expenses $ 1,067 $ — Fair value Other non-current liabilities $ 60,366 $ 25,120
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) Jun 27, 2020 Jun 29, 2019 Jun 27, 2020 Jun 29, 2019 Gain/(loss) recognized in accumulated other comprehensive income Other comprehensive income $ (7,619) $ (18,187) $ (43,404) $ (29,976) Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (3,994) $ 784 $ (5,261) $ 1,550

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 27, 2020
Notes To Financial Statements [Abstract]
Net Sales Summary By Segment	Net Sales Summary (dollars in thousands) Three Months Ended Six Months Ended Jun 27, 2020 Jun 29, 2019 Jun 27, 2020 Jun 29, 2019 Sales Percent Sales Percent Sales Percent Sales Percent Business Segments: Commercial Foodservice $ 267,500 56.7 % $ 513,279 67.4 % $ 710,624 61.8 % $ 970,810 67.1 % Food Processing 101,563 21.5 97,853 12.9 205,829 17.9 190,327 13.1 Residential Kitchen 102,914 21.8 149,872 19.7 232,983 20.3 286,669 19.8 Total $ 471,977 100.0 % $ 761,004 100.0 % $ 1,149,436 100.0 % $ 1,447,806 100.0 %
Schedule of Segment Reporting Information, by Segment	The following table summarizes the results of operations for the company's business segments (in thousands): Commercial Food Processing Residential Kitchen Corporate and Other (1) Total Three Months Ended June 27, 2020 Net sales $ 267,500 $ 101,563 $ 102,914 $ — $ 471,977 Income (loss) from operations (2)(3) 26,974 19,583 6,526 (13,965) 39,118 Depreciation expense 5,307 1,363 2,794 4 9,468 Amortization expense (4) 12,894 2,000 2,737 512 18,143 Net capital expenditures 2,806 594 750 — 4,150 Six Months Ended June 27, 2020 Net sales $ 710,624 $ 205,829 $ 232,983 $ — $ 1,149,436 Income (loss) from operations (2)(3) 115,581 34,941 19,234 (25,224) 144,532 Depreciation expense 10,207 2,699 5,777 15 18,698 Amortization expense (4) 25,334 3,700 5,457 1,021 35,512 Net capital expenditures 7,492 2,423 3,295 121 13,331 Total assets $ 3,149,853 $ 617,638 $ 1,119,685 $ 527,525 $ 5,414,701 Three Months Ended June 29, 2019 Net sales $ 513,279 $ 97,853 $ 149,872 $ — $ 761,004 Income (loss) from operations (2)(3) 111,572 18,542 20,599 (11,106) 139,607 Depreciation expense 5,382 1,199 2,892 49 9,522 Amortization expense (4) 11,028 1,224 2,444 403 15,099 Net capital expenditures 7,240 1,376 2,515 2,404 13,535 Six Months Ended June 29, 2019 Net sales $ 970,810 $ 190,327 $ 286,669 $ — $ 1,447,806 Income (loss) from operations (2)(3) 208,383 31,128 39,370 (38,213) 240,668 Depreciation expense 10,301 2,340 5,800 97 18,538 Amortization expense (4) 22,289 3,607 4,895 806 31,597 Net capital expenditures 13,213 2,077 3,936 2,404 21,630 Total assets $ 3,190,584 $ 528,008 $ 1,136,859 $ 31,218 $ 4,886,669 (1) Includes corporate and other general company assets and operations. (2) Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
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): Jun 27, 2020 Jun 29, 2019 United States and Canada $ 309,764 $ 280,360 Asia 21,935 14,219 Europe and Middle East 154,020 175,745 Latin America 6,230 6,895 Total international $ 182,185 $ 196,859 $ 491,949 $ 477,219

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	6 Months Ended
	Jun. 27, 2020
Employee Retirement Plans [Abstract]
Schedule of Costs of Retirement Plans [Table Text Block]	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 Jun 27, 2020 Jun 29, 2019 Jun 27, 2020 Jun 29, 2019 Net Periodic Pension Benefit: Service cost $ 624 $ 620 $ 1,269 $ 1,246 Interest cost 6,212 8,349 12,630 16,781 Expected return on assets (17,405) (16,832) (35,387) (33,830) Amortization of net (gain) loss 810 156 1,647 313 Amortization of prior service cost (credit) 617 642 1,255 1,290 Curtailment loss (gain) — 388 — 388 $ (9,142) $ (6,677) $ (18,586) $ (13,812)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Accounting Policies [Abstract]
Non-cash share-based compensation expense	$ 5,000	$ 300	$ 9,122	$ 1,334
Provision for income taxes	$ 5,590	$ 33,246	$ 28,275	$ 53,948
Effective Income Tax Rate Reconciliation, Percent	20.90%	26.50%	22.90%	25.10%
Interest paid			$ 32,900	$ 42,000
Income tax payments			$ 8,000	$ 41,300

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 ($)	Jun. 27, 2020	Dec. 28, 2019
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets		$ 1,830,000
Financial Liabilities	$ 61,433,000	25,120,000
Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	10,880,000	6,697,000
Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	1,036,000	901,000
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets		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 1 [Member] | Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	0	0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets		1,830,000
Financial Liabilities	61,433,000	25,120,000
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 2 [Member] | Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	1,036,000	901,000
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets		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	10,880,000	6,697,000
Fair Value, Inputs, Level 3 [Member] | Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	$ 0	$ 0

Acquisitions and Purchase Acc_3

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - Cooking Solutions Group (Details) - USD ($) $ in Thousands	Apr. 01, 2019	Jun. 27, 2020	Jun. 29, 2019	Dec. 28, 2019
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 29,850	$ 167,089
Goodwill		1,841,684		$ 1,849,747
Cooking Solutions Group
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 106,100
Business Combination, Provisional Information Adjustment, Working Capital	100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	843
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	32,041
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	15,901
Goodwill	37,537
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	47,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	1,470
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(16,713)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(10,529)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	11,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(1,163)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	106,987
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	1,100
Cooking Solutions Group | Initial accounting
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	843
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	33,666
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	15,959
Goodwill	31,207
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	53,450
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(15,130)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(13,082)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	106,913
Cooking Solutions Group | Measurement period adjustment
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	(1,625)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(58)
Goodwill	6,330
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(5,850)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	1,470
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(1,583)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	2,553
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(1,163)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	74
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill		$ 1,163,920		$ 1,153,552
Trade Names | Commercial Foodservice Equipment Group | Cooking Solutions Group
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	24,700
Customer Relationships | Commercial Foodservice Equipment Group | Cooking Solutions Group
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 22,500
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Backlog | Commercial Foodservice Equipment Group | Cooking Solutions Group
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months

Acquisitions and Purchase Acc_4

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - 2019 Acquisitions (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2020	Dec. 28, 2019
Business Acquisition [Line Items]
Goodwill	$ 1,841,684	$ 1,849,747
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	1,163,920	1,153,552
Food Processing Group
Business Acquisition [Line Items]
Goodwill	249,347	257,679
Residential Kitchen
Business Acquisition [Line Items]
Goodwill	428,417	$ 438,516
2019 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	2,673
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	22,541
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	8,754
Goodwill	90,288
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	73,219
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	2,716
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	991
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(20,785)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(9,399)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	170,998
Business Combination, Deferred Payments, Liability	2,404
Business Combination, Contingent Consideration, Liability	6,958
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	180,360
Business Combinations, Deferred Tax Assets, Operating Loss Carryforwards	2,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	1,000
Deferred Tax Assets, Tax Deferred Expense, Other	800
Business Acquisition, Goodwill, Expected Tax Deductible Amount	79,500
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	62,600
2019 Acquisitions | Initial accounting
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	2,683
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	21,525
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	8,920
Goodwill	99,838
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	64,019
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	1,288
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	137
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(20,437)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(6,170)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	171,803
Business Combination, Deferred Payments, Liability	2,404
Business Combination, Contingent Consideration, Liability	4,258
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	178,465
2019 Acquisitions | Measurement period adjustment
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	(10)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	1,016
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(166)
Goodwill	(9,550)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	9,200
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	1,428
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	854
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(348)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(3,229)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	(805)
Business Combination, Deferred Payments, Liability	0
Business Combination, Contingent Consideration, Liability	2,700
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	1,895
2019 Acquisitions | Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	42,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	35,500
2019 Acquisitions | Food Processing Group
Business Acquisition [Line Items]
Goodwill	34,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	30,100
2019 Acquisitions | Residential Kitchen
Business Acquisition [Line Items]
Goodwill	12,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	7,600
Tradenames And Trademarks | 2019 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	32,700
Customer Relationships | 2019 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 28,800
Customer Relationships | 2019 Acquisitions | Minimum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	2 years
Customer Relationships | 2019 Acquisitions | Maximum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Developed Technology Rights | 2019 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 10,300
Developed Technology Rights | 2019 Acquisitions | Minimum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Developed Technology Rights | 2019 Acquisitions | Maximum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Backlog | 2019 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,400
Backlog | 2019 Acquisitions | Minimum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months

Acquisitions and Purchase Acc_5

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - 2020 Acquisitions (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2020	Dec. 28, 2019
Business Acquisition [Line Items]
Goodwill	$ 1,841,684	$ 1,849,747
2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	2,347
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	18,370
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	791
Goodwill	13,109
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	16,484
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	1,708
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(17,378)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(3,070)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	32,361
Business Combination, Deferred Payments, Liability	1,250
Business Combination, Contingent Consideration, Liability	1,774
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	35,385
2020 Acquisitions | Initial accounting
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	2,347
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	31,089
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	1,032
Goodwill	12,776
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	16,484
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	1,708
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(30,005)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(3,070)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	32,361
Business Combination, Deferred Payments, Liability	1,250
Business Combination, Contingent Consideration, Liability	1,774
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	35,385
2020 Acquisitions | Measurement period adjustment
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	(12,719)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(241)
Goodwill	333
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	12,627
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	0
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	0
Business Combination, Deferred Payments, Liability	0
Business Combination, Contingent Consideration, Liability	0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	0
Tradenames And Trademarks | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	9,000
Customer Relationships | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	5,300
Developed Technology Rights | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	200
Backlog | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 2,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 months
Maximum | Customer Relationships | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Maximum | Developed Technology Rights | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	$ 1,163,920	$ 1,153,552
Commercial Foodservice Equipment Group | 2020 Acquisitions
Business Acquisition [Line Items]
Goodwill	13,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 16,500

Acquisitions and Purchase Acc_6

Acquisitions and Purchase Accounting Acquisitions and Purchase Accounting - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 27, 2020	Jun. 29, 2019
Business Combinations [Abstract]
Business Acquisition, Pro Forma Revenue	$ 1,151,957	$ 1,520,365
Business Acquisition, Pro Forma Net Income (Loss)	$ 96,987	$ 147,786
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 1.76	$ 2.66
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 1.76	$ 2.66

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 471,977	$ 761,004	$ 1,149,436	$ 1,447,806
United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	350,385	516,290	814,851	957,512
Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	34,558	61,552	80,699	119,925
Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	80,462	158,849	223,006	319,978
Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	6,572	24,313	30,880	50,391
Commercial Foodservice Equipment Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	267,500	513,279	710,624	970,810
Commercial Foodservice Equipment Group | United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	195,899	357,718	502,409	657,993
Commercial Foodservice Equipment Group | Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	27,548	52,031	65,072	100,324
Commercial Foodservice Equipment Group | Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	39,852	85,962	119,584	175,858
Commercial Foodservice Equipment Group | Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	4,201	17,568	23,559	36,635
Food Processing Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	101,563	97,853	205,829	190,327
Food Processing Group | United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	72,762	58,100	145,644	115,689
Food Processing Group | Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	6,110	8,054	13,749	16,736
Food Processing Group | Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	19,104	25,881	38,451	46,499
Food Processing Group | Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	3,587	5,818	7,985	11,403
Residential Kitchen
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	102,914	149,872	232,983	286,669
Residential Kitchen | United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	81,724	100,472	166,798	183,830
Residential Kitchen | Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	900	1,467	1,878	2,865
Residential Kitchen | Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	21,506	47,006	64,971	97,621
Residential Kitchen | Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ (1,216)	$ 927	$ (664)	$ 2,353

Revenue Recognition Contract wi

Revenue Recognition Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2020	Dec. 28, 2019
Revenue Recognition [Abstract]
Contract with Customer, Asset, Net, Current	$ 25,394	$ 22,675
Contract liabilities	81,504	74,511
Contract with Customer, Liability, Noncurrent	11,305	$ 12,870
Contract with Customer, Asset, Reclassified to Receivable	9,500
Contract with Customer, Liability, Revenue Recognized	47,100
Contract with Customer, Liability, Increase for Contract Acquired during the Period	66,500
Capitalized Contract Cost, Impairment Loss	$ 0

Changes in accumulated other co

Changes in accumulated other comprehensive income (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 27, 2020	Jun. 29, 2019	Dec. 28, 2019
Accumulated Other Comprehensive Income [Roll Forward]
Beginning of Period		$ (350,933)	$ (276,476)
Other comprehensive income before reclassification		(49,888)	(23,723)
Amounts reclassified from accumulated other comprehensive income		5,261	(1,550)
Net current-period other comprehensive income		(44,627)	(25,262)
End of Period		(395,560)	(301,738)
Accumulated Other Comprehensive (income) Loss, Defined Benefit Plan, Tax		(46,000)		$ (36,800)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Tax		(16,200)		$ (5,500)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax		(10,300)	(8,000)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax		2,600	(100)
Accounting Standards Update 2017-12
Accumulated Other Comprehensive Income [Roll Forward]
Adoption of ASU 2017-12 (2)	[1]		11
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning of Period		(105,705)	(112,771)
Other comprehensive income before reclassification		(29,064)	(1,762)
Amounts reclassified from accumulated other comprehensive income		0	0
Net current-period other comprehensive income		(29,064)	(1,762)
End of Period		(134,769)	(114,533)
Accumulated Translation Adjustment [Member] | Accounting Standards Update 2017-12
Accumulated Other Comprehensive Income [Roll Forward]
Adoption of ASU 2017-12 (2)	[1]		0
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning of Period		(228,336)	(170,938)
Other comprehensive income before reclassification		(12,317)	9
Amounts reclassified from accumulated other comprehensive income		0	0
Net current-period other comprehensive income		12,317	(9)
End of Period		(216,019)	(170,947)
Accumulated Defined Benefit Plans Adjustment | Accounting Standards Update 2017-12
Accumulated Other Comprehensive Income [Roll Forward]
Adoption of ASU 2017-12 (2)	[1]		0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent | Interest Rate Swap
Accumulated Other Comprehensive Income [Roll Forward]
Beginning of Period		(16,892)	7,233
Other comprehensive income before reclassification		(33,141)	(21,952)
Amounts reclassified from accumulated other comprehensive income		5,261	(1,550)
Net current-period other comprehensive income		(27,880)	(23,491)
End of Period		$ (44,772)	(16,258)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent | Interest Rate Swap | Accounting Standards Update 2017-12
Accumulated Other Comprehensive Income [Roll Forward]
Adoption of ASU 2017-12 (2)	[1]		$ 11
[1]	As of December 30, 2018, the company adopted ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" using the modified retrospective method. The adoption of this guidance resulted in the recognition of less than $0.1 million as an adjustment to the opening balance of retained earnings.

Components of Other Comprehensi

Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Disclosure Other Comprehensive Income Additional Information [Abstract]
Net earnings	$ 21,162	$ 92,210	$ 94,941	$ 161,223
Currency Translation Adjustment	19,852	(12,445)	(29,064)	(1,762)
Change in unrecognized pension benefit costs, net of tax	(2,491)	5,254	12,317	(9)
Unrealized gain on interest rate swaps, net of tax	(2,661)	(14,124)	(27,880)	(23,491)
Comprehensive income	$ 35,862	$ 70,895	$ 50,314	$ 135,961

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 27, 2020	Dec. 28, 2019
Notes To Financial Statements [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 300,792	$ 277,394
Inventory, Work in Process, Net of Reserves	61,856	58,663
Inventory, Finished Goods, Net of Reserves	245,836	249,642
Inventories, net	$ 608,484	$ 585,699

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 27, 2020USD ($)
Goodwill [Line Items]
Balance beginning of period	$ 1,849,747
Goodwill acquired during the year	13,109
Measurement period adjustments to goodwill acquired in prior year	(5,451)
Goodwill, Foreign Currency Translation Gain (Loss)	(15,721)
Balance end of period	1,841,684
Goodwill, Impairment Loss	0
Commercial Foodservice Equipment Group
Goodwill [Line Items]
Balance beginning of period	1,153,552
Goodwill acquired during the year	13,109
Measurement period adjustments to goodwill acquired in prior year	(55)
Goodwill, Foreign Currency Translation Gain (Loss)	(2,686)
Balance end of period	1,163,920
Food Processing Group
Goodwill [Line Items]
Balance beginning of period	257,679
Goodwill acquired during the year	0
Measurement period adjustments to goodwill acquired in prior year	(8,732)
Goodwill, Foreign Currency Translation Gain (Loss)	400
Balance end of period	249,347
Residential Kitchen
Goodwill [Line Items]
Balance beginning of period	438,516
Goodwill acquired during the year	0
Measurement period adjustments to goodwill acquired in prior year	3,336
Goodwill, Foreign Currency Translation Gain (Loss)	(13,435)
Balance end of period	$ 428,417

Intangibles (Details)

Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019	Dec. 28, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 793,246		$ 793,246		$ 779,822
Finite-Lived Intangible Assets, Accumulated Amortization	(368,647)		(368,647)		(333,507)
Amortization of Intangible Assets	17,600	$ 14,700	34,500	$ 30,800
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	66,606		66,606
Finite-Lived Intangible Assets, Amortization Expense, Year Two	61,875		61,875
Finite-Lived Intangible Assets, Amortization Expense, Year Three	56,171		56,171
Finite-Lived Intangible Assets, Amortization Expense, Year Four	48,743		48,743
Finite-Lived Intangible Assets, Amortization Expense, Year Five	37,113		37,113
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	154,091		154,091
Finite-Lived Intangible Assets, Net	424,599		$ 424,599
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			8 years 9 months 18 days	9 years 2 months 12 days
Finite-Lived Intangible Assets, Gross	727,586		$ 727,586		717,397
Finite-Lived Intangible Assets, Accumulated Amortization	(315,960)		$ (315,960)		(283,846)
Backlog
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			7 months 6 days	1 year 3 months 18 days
Finite-Lived Intangible Assets, Gross	31,336		$ 31,336		29,426
Finite-Lived Intangible Assets, Accumulated Amortization	(29,541)		$ (29,541)		(28,283)
Developed Technology Rights
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			4 years 3 months 18 days	5 years 2 months 12 days
Finite-Lived Intangible Assets, Gross	34,324		$ 34,324		32,999
Finite-Lived Intangible Assets, Accumulated Amortization	(23,146)		(23,146)		(21,378)
Tradenames And Trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 1,005,203		$ 1,005,203		$ 997,066

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 27, 2020	Dec. 28, 2019
Disclosure Accrued Expenses [Abstract]
Contract liabilities	$ 81,504	$ 74,511
Accrued payroll and related expenses	57,607	81,541
Accrued warranty	62,494	66,374
Accrued customer rebates	22,372	51,709
Accrued short-term leases	22,830	21,827
Accrued Product Liability And Workers Compensation Liability Current	13,029	15,164
Accrued agent commission	9,657	13,816
Accrued agent commission	13,653	19,862
Accrued professional services	12,864	13,368
Other accrued expenses	59,577	58,378
Accrued expenses	$ 355,587	$ 416,550

Rollforward of Warranty Reserve

Rollforward of Warranty Reserve (Details) $ in Thousands	6 Months Ended
	Jun. 27, 2020USD ($)
Disclosure Rollforward Of Warranty Reserve [Abstract]
Beginning balance	$ 66,374
Warranty reserve related to acquisitions	1,335
Warranty expense	23,351
Warranty claims	(28,566)
Ending balance	$ 62,494

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 27, 2020	Dec. 28, 2019
Debt Disclosure [Line Items]
Senior secured revolving credit line	$ 1,640,996	$ 1,869,402
Term loan facility	750,000	0
Other Long-term Debt	94	116
Total debt	2,396,916	1,873,140
Less: Current maturities of long-term debt	23,971	2,894
Long-term debt	2,372,945	1,870,246
Foreign
Debt Disclosure [Line Items]
Foreign loans	$ 5,826	$ 3,622

Carrying Value and Estimated Ag

Carrying Value and Estimated Aggregate Fair Value of Debt (Details) - USD ($) $ in Thousands	Jun. 27, 2020	Dec. 28, 2019
Disclosure Carrying Value And Estimated Aggregate Fair Value Of Debt [Abstract]
Carrying Value	$ 2,396,916	$ 1,873,140
Fair Value	$ 2,396,916	$ 1,873,140

Financing Arrangements Addition

Financing Arrangements Additional Information (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jun. 27, 2020	Dec. 28, 2019
Debt Disclosure [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 3,500,000
Line of Credit Facility, Replaced Facility		3,000,000
Term loan facility		750,000	$ 0
Long-term Line of Credit, Revolving Credit Facility	$ 2,750,000
Line of Credit Facility, Potential Additional Borrowing Capacity	$ 4,000,000
Term loan facility amortization rate	2.50%
Credit facility, outstanding		2,400,000
Line of Credit Facility, Outstanding Amount, USD Borrowings		1,600,000
Line of Credit Facility, Amount Outstanding, EUR Borrowings		52,000
Letters of Credit Outstanding, Amount		13,600
Line of Credit Facility, Remaining Borrowing Capacity		$ 1,100,000
Credit facility, additional interest rate above LIBOR		1.625%
Debt Instrument Interest Additional Interest Above LIBOR Rate Alternative		0.625%
Debt Instrument Interest Additional Interest Above Fed Funds Rate		0.50%
Debt Instrument, Interest Rate, Increase (Decrease)		1.00%
Credit facility, average interest rate		2.98%
Variable commitment fee		0.25%
Term loan facility average interest rate		2.05%
Line of credit, Current and Noncurrent, Foreign		$ 5,800
Line of Credit Facility, Interest Rate at Period End		6.26%
Derivative Notional Amount, Current		$ 51,000
Derivative Notional Amount, NonCurrent		$ 1,062,000
Derivative Fixed Interest Rate, Current		1.27%
Debt Instrument, Interest Coverage Ratio Range, Low		300.00%
Derivative Fixed Interest Rate, Noncurrent		2.02%
Debt Instrument, Interest Coverage Ratio Range, High		100.00%
Debt Instrument, Leverage Ratio Range, Low		400.00%
Debt Instrument, Leverage Ratio Range, High		100.00%
Debt Instrument, Qualified Leverage Ratio Range, Low		450.00%
Debt Instrument, Qualified Leverage Ratio Range, High		100.00%

Summary of Fair Value of Intere

Summary of Fair Value of Interest Rate Swaps (Details) - Interest Rate Swap - USD ($) $ in Thousands	Jun. 27, 2020	Dec. 28, 2019
Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	$ 0	$ 1,830
Accrued Liabilities
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	1,067	0
Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Fair value	$ (60,366)	$ (25,120)

Impact on Earnings from Interes

Impact on Earnings from Interest Rate Swaps (Details) - Interest Rate Swap - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (7,619)	$ (18,187)	$ (43,404)	$ (29,976)
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	$ (3,994)	$ 784	$ (5,261)	$ 1,550

Financial Instruments Additiona

Financial Instruments Additional Information (Details) $ in Millions	6 Months Ended
	Jun. 27, 2020USD ($)
Derivative [Line Items]
Fair value of interest rate swaps liability	$ 61.4
Loss in fair value of interest rate swaps	27.9
Foreign Exchange Forward
Derivative [Line Items]
Derivative, Fair Value, Net	$ (1)

Net Sales Summary (Details)

Net Sales Summary (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 27, 2020	Jun. 29, 2019		Jun. 27, 2020		Jun. 29, 2019
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 471,977	$ 761,004		$ 1,149,436		$ 1,447,806
Percent		100.00%	100.00%		100.00%		100.00%
Income from operations	[1],[2]	$ 39,118	$ 139,607		$ 144,532		$ 240,668
Depreciation and amortization expense					54,210		50,135
Capital Expenditures Net		4,150	13,535		13,331		21,630
Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 267,500	$ 513,279		$ 710,624		$ 970,810
Percent		56.70%	67.40%		61.80%		67.10%
Income from operations	[1],[2]	$ 26,974	$ 111,572		$ 115,581		$ 208,383
Capital Expenditures Net		2,806	7,240		7,492		13,213
Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 101,563	$ 97,853		$ 205,829		$ 190,327
Percent		21.50%	12.90%		17.90%		13.10%
Income from operations	[1],[2]	$ 19,583	$ 18,542		$ 34,941		$ 31,128
Capital Expenditures Net		594	1,376		2,423		2,077
Corporate and Other
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		0	0		0		0
Income from operations	[1],[2],[3]	(13,965)	(11,106)		(25,224)		(38,213)
Capital Expenditures Net		0	2,404	[3]	121	[3]	2,404	[3]
Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 102,914	$ 149,872		$ 232,983		$ 286,669
Percent		21.80%	19.70%		20.30%		19.80%
Income from operations	[1],[2]	$ 6,526	$ 20,599		$ 19,234		$ 39,370
Capital Expenditures Net		750	2,515		3,295		3,936
United States and Canada
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		350,385	516,290		814,851		957,512
United States and Canada | Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		195,899	357,718		502,409		657,993
United States and Canada | Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		72,762	58,100		145,644		115,689
United States and Canada | Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		81,724	100,472		166,798		183,830
Asia
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		34,558	61,552		80,699		119,925
Asia | Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		27,548	52,031		65,072		100,324
Asia | Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		6,110	8,054		13,749		16,736
Asia | Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		900	1,467		1,878		2,865
Europe and Middle East
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		80,462	158,849		223,006		319,978
Europe and Middle East | Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		39,852	85,962		119,584		175,858
Europe and Middle East | Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		19,104	25,881		38,451		46,499
Europe and Middle East | Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		21,506	47,006		64,971		97,621
Latin America
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		6,572	24,313		30,880		50,391
Latin America | Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		4,201	17,568		23,559		36,635
Latin America | Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		3,587	5,818		7,985		11,403
Latin America | Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ (1,216)	$ 927		$ (664)		$ 2,353
[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]	Restructuring expenses are allocated in operating income by segment. See note 16 for further details.
[3]	Includes corporate and other general company assets and operations.

Summary of Results of Operation

Summary of Results of Operations for Business Segments (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 27, 2020	Jun. 29, 2019		Jun. 27, 2020		Jun. 29, 2019		Dec. 28, 2019
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 471,977	$ 761,004		$ 1,149,436		$ 1,447,806
Income from operations	[1],[2]	39,118	139,607		144,532		240,668
Depreciation		9,468	9,522		18,698		18,538
Amortization of Intangible Assets and Debt Issuance Costs	[3]	18,143	15,099		35,512		31,597
Capital Expenditures Net		4,150	13,535		13,331		21,630
Total assets		5,414,701	4,886,669		5,414,701		4,886,669		$ 5,002,143
Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		267,500	513,279		710,624		970,810
Income from operations	[1],[2]	26,974	111,572		115,581		208,383
Depreciation		5,307	5,382		10,207		10,301
Amortization of Intangible Assets and Debt Issuance Costs	[3]	12,894	11,028		25,334		22,289
Capital Expenditures Net		2,806	7,240		7,492		13,213
Total assets		3,149,853	3,190,584		3,149,853		3,190,584
Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		101,563	97,853		205,829		190,327
Income from operations	[1],[2]	19,583	18,542		34,941		31,128
Depreciation		1,363	1,199		2,699		2,340
Amortization of Intangible Assets and Debt Issuance Costs	[3]	2,000	1,224		3,700		3,607
Capital Expenditures Net		594	1,376		2,423		2,077
Total assets		617,638	528,008		617,638		528,008
Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		102,914	149,872		232,983		286,669
Income from operations	[1],[2]	6,526	20,599		19,234		39,370
Depreciation		2,794	2,892		5,777		5,800
Amortization of Intangible Assets and Debt Issuance Costs	[3]	2,737	2,444		5,457		4,895
Capital Expenditures Net		750	2,515		3,295		3,936
Total assets		1,119,685	1,136,859		1,119,685		1,136,859
Corporate and Other
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		0	0		0		0
Income from operations	[1],[2],[4]	(13,965)	(11,106)		(25,224)		(38,213)
Depreciation	[4]	4	49		15		97
Amortization of Intangible Assets and Debt Issuance Costs	[3],[4]	512	403		1,021		806
Capital Expenditures Net		0	2,404	[4]	121	[4]	2,404	[4]
Total assets	[4]	$ 527,525	$ 31,218		$ 527,525		$ 31,218
[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]	Restructuring expenses are allocated in operating income by segment. See note 16 for further details.
[3]	Includes amortization of deferred financing costs.
[4]	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	Jun. 27, 2020	Dec. 28, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 491,949	$ 477,219
United States and Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	309,764	280,360
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	21,935	14,219
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	154,020	175,745
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	6,230	6,895
Total International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 182,185	$ 196,859

Employee Retirement Plans Addit

Employee Retirement Plans Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020USD ($)	Jun. 29, 2019USD ($)	Jun. 27, 2020USD ($)plan	Jun. 29, 2019USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net Periodic Benefit Cost, Other Components	$ 9,766	$ 7,297	$ 19,855	$ 15,058
Number of defined contribution 401K savings plans | plan			2
Non-US Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	624	620	$ 1,269	1,246
Interest cost	6,212	8,349	12,630	16,781
Expected return on assets	(17,405)	(16,832)	(35,387)	(33,830)
Amortization of net (gain) loss	810	156	1,647	313
Amortization of prior service cost (credit)	617	642	1,255	1,290
Curtailment loss (gain)	0	388	0	388
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ (9,142)	$ (6,677)	$ (18,586)	$ (13,812)

Restructuring (Details)

Restructuring (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 27, 2020	Mar. 28, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 2,184		$ 2,241	$ 3,018	$ 2,583
Covid-19
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	1,600
Effects on Future Earnings, Restructuring	$ 5,000			$ 5,000
Commercial Foodservice Equipment Group
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 500

Share Repurchases (Details)

Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019	Nov. 07, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Shares			896,965
Treasury Stock Acquired, Average Cost Per Share			$ 77.70
Treasury Stock, Value, Acquired, Cost Method	$ 2,249	$ 818	$ 76,849	$ 6,086
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Shares, Acquired			106,935
Treasury Stock, Value, Acquired, Cost Method			$ 7,100
2017 Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased					2,500,000
Stock Repurchased During Period, Value			$ 69,700
Share Repurchase Program, Number of Shares Repurchased	1,023,165		1,023,165