The Middleby Corporation (MIDD) 10-K 3 Mar 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jan. 02, 2021	Mar. 01, 2021	Jun. 27, 2020
Cover [Abstract]
Document Fiscal Period Focus	FY
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jan. 2, 2021
Document Transition Report	false
Entity File Number	1-9973
Entity Registrant Name	THE MIDDLEBY CORPORATION
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
Title of 12(b) Security	Common stock,
Trading Symbol	MIDD
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 4,004,674,379
Entity Common Stock, Shares Outstanding		55,638,477
Entity Central Index Key	0000769520
Current Fiscal Year End Date	--01-02
Document Fiscal Year Focus	2020
Amendment Flag	false
ICFR Auditor Attestation Flag	true

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 02, 2021	Dec. 28, 2019
Common Stock, Value, Issued	$ 147	$ 145
Current assets:
Cash and cash equivalents	268,103	94,500
Accounts Receivable, Net, Current	363,361	447,612
Inventory, Net	540,198	585,699
Prepaid expenses and other	81,049	61,224
Prepaid Taxes	17,782	20,161
Total current assets	1,270,493	1,209,196
Property, Plant and Equipment, Net	344,482	352,145
Goodwill	1,934,261	1,849,747
Other intangibles	1,450,381	1,443,381
Deferred Income Tax Assets, Net	76,052	36,932
Other assets	126,805	110,742
Total Assets	5,202,474	5,002,143
Current liabilities:
Current maturities of long-term debt	22,944	2,894
Accounts payable	182,773	173,693
Accrued expenses	494,541	416,550
Total current liabilities	700,258	593,137
Long-term debt	1,706,652	1,870,246
Deferred Tax and Other Liabilities, Noncurrent	147,224	133,500
Liability, Defined Benefit Pension Plan, Noncurrent	469,500	289,086
Other non-current liabilities	202,191	169,360
Stockholders' equity:
Common Stock, Value, Issued	147	145
Paid-in capital	433,308	387,402
Treasury Stock, Value	537,134	451,262
Retained earnings	2,568,756	2,361,462
Accumulated other comprehensive loss	(488,428)	(350,933)
Total stockholders' equity	1,976,649	1,946,814
Total liabilities and stockholders' equity	$ 5,202,474	$ 5,002,143

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jan. 02, 2021	Dec. 28, 2019
Allowance for Doubtful Accounts Receivable, Current	$ 19,225	$ 14,886
Less accumulated depreciation	(229,871)	(197,629)
Finite-Lived Intangible Assets, Accumulated Amortization	$ (403,347)	$ (333,507)
Preferred stock, par value (in usd per share)	$ 0.01
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Preferred stock, shares issued	0
Common stock, par value (in usd per share)	$ 0.01
Common Stock, Shares Authorized	95,000,000
Common stock, shares issued	63,651,773	63,129,775
Treasury Stock, Shares	8,013,296	6,940,089

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands		12 Months Ended
		Jan. 02, 2021		Dec. 28, 2019		Dec. 29, 2018
Net sales		$ 2,513,257		$ 2,959,446		$ 2,722,931
Cost of Sales		1,631,209		1,855,949		1,718,791
Gross profit		882,048		1,103,497		1,004,140
Selling, General and Administrative Expense		531,897		593,813		538,842
Restructuring Charges		12,375		10,480		19,332
Gain (Loss) Related to Litigation Settlement		0		(14,839)		0
Gain (Loss) on Disposition of Assets		(1,982)		0		0
Impairments		15,327		0		0
Income from operations	[2]	324,431	[1]	514,043	[1]	445,966
Net interest expense and deferred financing amortization, net		78,617		82,609		58,742
Net Periodic Benefit Cost, Other Than Service Cost & Curtailment		(39,996)		(29,722)		(39,020)
Other expense (income), net		3,071		(2,328)		1,825
Earnings before income taxes		268,057		462,619		423,513
Provision for income taxes		60,763		110,379		106,361
Net earnings		$ 207,294		$ 352,240		$ 317,152
Net earnings per share:
Basic (in usd per share)		$ 3.76		$ 6.33	[3]	$ 5.71
Diluted (in usd per share)		$ 3.76		$ 6.33	[3]	$ 5.70
Weighted average number of shares
Basic (in shares)		55,093,000		55,647,000		55,576,000
Dilutive common stock equivalents (in shares)		43,000		9,000		28,000
Diluted (in shares)		55,136,000		55,656,000		55,604,000
Curtailment loss		$ 14,682		$ 865		$ 906
[1]	Gain on litigation settlement is included in Residential Kitchen and gain on sale of plant is included in Commercial Foodservice.
[2]	Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 13 for further details.
[3]	Sum of quarters may not equal the total for the year due to changes in the number of shares outstanding during the year.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 207,294	$ 352,240	$ 317,152
Other comprehensive income:
Foreign currency translation adjustments	55,744	7,066	(43,050)
Pension liability adjustment, net of tax	(172,583)	(57,398)	32,125
Unrealized (loss) gain on interest rate swaps, net of tax	(20,656)	(24,125)	868
Other Comprehensive Income (Loss), Net of Tax	(137,495)	(74,457)	(10,057)
Comprehensive income	$ 69,799	$ 277,783	$ 307,095

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - 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	Accumulated Other Comprehensive Income (loss)	Accumulated Other Comprehensive Income (loss)Cumulative Effect, Period of Adoption, Adjustment	Accumulated Defined Benefit Plans Adjustment Attributable to Parent	Interest Rate SwapRetained Earnings	Interest Rate SwapAccumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Balance, Beginning at Dec. 30, 2017	$ 1,361,148		$ 145		$ 374,922		$ (445,118)		$ 1,697,618		$ (266,419)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	317,152		0		0		0		317,152		0
Currency translation adjustments	(43,050)		0		0		0		0		(43,050)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	6,386
Change in unrecognized pension benefit costs, net of tax	32,125
Change in unrecognized pension benefit costs, net of tax | Accounting Standards Update 2018-02	32,612		0		0		0		0		32,612
Unrealized (loss) gain on interest rate swap, tax	(81)
Unrealized gain on interest rate swap, net of tax	868
Unrealized gain on interest rate swap, net of tax | Accounting Standards Update 2018-02	(751)		0		0		0		0		(751)
Stock compensation	2,497		0		2,497		0		0		0
Balance, Ending at Dec. 29, 2018	1,665,203		145		377,419		(445,118)		2,009,233		(276,476)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU		$ (100)
Adoption of ASU | Accounting Standards Update 2017-12		$ 0		$ 0		$ 0		$ 0		$ (11)		$ 11
Net earnings	352,240		0		0		0		352,240		0
Currency translation adjustments	7,066		0		0		0		0		7,066
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	(11,914)
Change in unrecognized pension benefit costs, net of tax	(57,398)		0		0		0		0		(57,398)
Unrealized (loss) gain on interest rate swap, tax	(8,516)
Unrealized gain on interest rate swap, net of tax	(24,125)
Unrealized gain on interest rate swap, net of tax | Accounting Standards Update 2017-12	(24,136)		0		0		0		0		(24,136)
Stock compensation	8,133		0		8,133		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	(6,144)		0		0		(6,144)		0		0
Balance, Ending at Dec. 28, 2019	1,946,814		145		387,402		(451,262)		2,361,462		(350,933)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2017-12													$ 500
Adoption of ASU 2017-12 | Accounting Standards Update 2018-02														$ (1,600)
Adoption of ASU 2017-12 | Accounting Standards Update 2017-12	11												$ 0		$ 11
Net earnings	207,294		0		0		0		207,294		0
Currency translation adjustments	55,744		0		0		0		0		55,744
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	(40,426)
Change in unrecognized pension benefit costs, net of tax	(172,583)		0		0		0		0		(172,583)
Unrealized (loss) gain on interest rate swap, tax	(7,147)
Unrealized gain on interest rate swap, net of tax	(20,656)		0		0		0		0		(20,656)
Stock compensation	19,613		0		19,613		0		0		0
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	25,987		2		25,985		0		0		0
Purchase of treasury stock	(85,872)		0		0		(85,872)		0		0
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt	(308)		0		(308)		0		0		0
Balance, Ending at Jan. 02, 2021	$ 1,976,649		$ 147		$ 433,308		$ (537,134)		$ 2,568,756		$ (488,428)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	$ 40,426	$ 11,914	$ (6,386)
Unrealized (loss) gain on interest rate swap, tax	$ (7,147)	$ (8,516)	$ (81)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Cash flows from operating activities--
Net earnings	$ 207,294	$ 352,240	$ 317,152
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	110,532	103,428	97,238
Amortization of Debt Issuance Costs and Discounts	7,971	0	0
Non-cash share-based compensation	19,613	8,133	2,497
Deferred income taxes	16,421	22,212	20,489
Net Periodic Benefit Cost, Other Components	(25,314)	(28,857)	(38,114)
Gain (Loss) on Disposition of Assets	(1,982)	0	0
Gain (Loss) on Sale of Assets and Asset Impairment Charges	15,327	0	783
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	11,600
Non Cash Restructuring	0	0	5,637
Changes in assets and liabilities, net of acquisitions
Accounts receivable, net	90,399	(27,748)	(25,347)
Inventories, net	66,690	(28,288)	(28,378)
Prepaid expenses and other assets	782	5,067	18,145
Accounts payable	(3,015)	(29,396)	13,611
Accrued expenses and other liabilities	20,067	634	(14,799)
Net cash provided by operating activities	524,785	377,425	368,914
Cash flows from investing activities--
Additions to property and equipment	(34,849)	(46,609)	(36,040)
Proceeds from Sale of Property Held-for-sale	14,147	0	0
Payments to Acquire Intangible Assets	(7,052)	0	(5,399)
Payments to Acquire Businesses, Net of Cash Acquired	(79,003)	(281,058)	(1,197,984)
Net cash (used in) investing activities	(106,757)	(327,667)	(1,239,423)
Cash flows from financing activities--
Proceeds from (Repayments of) Lines of Credit	2,567,305	543,294	1,611,110
Deferred Income Tax Liabilities, Net	(3,345,770)	(560,363)	(746,281)
Proceeds from Convertible Debt	729,933	0	0
Payments for Premiums for Capped Call Confirmations, Debt Issuance	(104,650)	0
Net (repayments) proceeds under foreign bank loan	1,305	(405)	(7,088)
Repayments of Notes Payable	(45)	(179)	(3)
Proceeds from (Payments for) Other Financing Activities	(3,700)	(1,648)	(1,234)
Repurchase of treasury stock	(85,872)	(6,144)	0
Payments of Debt Issuance Costs	(10,974)	0	(375)
Net cash (used in) provided by financing activities	(252,468)	(25,445)	856,129
Effect of exchange rates on cash and cash equivalents	8,043	(1,514)	(3,573)
Changes in cash and cash equivalents--
Cash and cash equivalents at beginning of year	94,500	71,701	89,654
Cash and cash equivalents at end of quarter	268,103	94,500	71,701
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	173,603	22,799	(17,953)
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Stock Issued During Period, Value, Acquisitions	$ 15,869	$ 0	$ 0

Nature of Operations

Nature of Operations	12 Months Ended
	Jan. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	NATURE OF OPERATIONS The Middleby Corporation (the "company") is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The company manufactures and assembles this equipment at forty U.S. and twenty-nine international manufacturing facilities. The company operates in three business segments: 1) the Commercial Foodservice Equipment Group, 2) the Food Processing Equipment Group and 3) the Residential Kitchen Equipment Group. The Commercial Foodservice Equipment Group has a broad portfolio of foodservice equipment, which enable it to serve virtually any cooking, warming, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation. This equipment is used across all types of foodservice operations, including quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels and other institutions. The products offered by 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, soft serve ice cream equipment, coffee and beverage dispensing equipment, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, and IoT solutions. The Food Processing Equipment Group offers a broad portfolio of processing solutions for customers producing pre-cooked meat products, such as hot dogs, dinner sausages, poultry and lunchmeats and baked goods such as muffins, cookies and bread. Through its broad line of products, the company is able to deliver a wide array of cooking solutions to service a variety of food processing requirements demanded by its customers. The company can offer highly integrated solutions that provide a food processing operation a uniquely integrated solution providing for the highest level of food quality, product consistency, and reduced operating costs resulting from increased product yields, increased capacity and greater throughput and reduced labor costs through automation. The products offered by this group include a wide array of cooking and baking solutions, including batch ovens, baking ovens, proofing ovens, conveyor belt ovens, continuous processing ovens, frying systems and automated thermal processing systems. The company also provides a comprehensive portfolio of complementary food preparation equipment such as grinders, slicers, reduction and emulsion systems, mixers, blenders, formers, battering equipment, breading equipment, seeding equipment, water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment, as well as a variety of automated loading and unloading systems, food safety, food handling, freezing, defrosting and packaging equipment. This portfolio of equipment can be integrated to provide customers a highly efficient and customized solution. The Residential Kitchen Equipment Group has a broad portfolio of innovative and professional-style residential kitchen equipment. The products offered by this group include ranges, cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, ventilation equipment and outdoor equipment.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Notes)	12 Months Ended
	Jan. 02, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation The consolidated financial statements include the accounts of the company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The company's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses as well as related disclosures. Significant items that are subject to such estimates and judgments include allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves and post-retirement obligations. On an ongoing basis, the company evaluates its estimates and assumptions based on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions. The company's fiscal year ends on the Saturday nearest December 31. Fiscal years 2020, 2019, and 2018 ended on January 2, 2021, December 28, 2019 and December 29, 2018, respectively, and included 53, 52 and 52 weeks, respectively. (b) Cash and Cash Equivalents The company considers all short-term investments with original maturities of three months or less when acquired to be cash equivalents. The company’s policy is to invest its excess cash in interest-bearing deposits with major banks that are subject to minimal credit and market risk. (c) Accounts Receivable Accounts receivable, as shown in the consolidated balance sheets, are net of allowances for doubtful accounts of $19.2 million and $14.9 million at January 2, 2021 and December 28, 2019, respectively. At January 2, 2021, all accounts receivable are expected to be collected within one year. (d) Inventories Inventories are composed of material, labor and overhead and are stated at the lower of cost or net realizable value. 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 January 2, 2021 and December 28, 2019 are as follows (in thousands): 2020 2019 Raw materials and parts $ 263,200 $ 277,394 Work in process 55,104 58,663 Finished goods 221,894 249,642 $ 540,198 $ 585,699 (e) Property, Plant and Equipment Property, plant and equipment are carried at cost as follows (in thousands): 2020 2019 Land $ 40,707 $ 43,467 Building and improvements 245,435 229,025 Furniture and fixtures 68,063 67,992 Machinery and equipment 220,148 209,290 574,353 549,774 Less accumulated depreciation (229,871) (197,629) $ 344,482 $ 352,145 Property, plant and equipment are depreciated or amortized on a straight-line basis over their useful lives based on management's estimates of the period over which the assets will be utilized to benefit the operations of the company. The useful lives are estimated based on historical experience with similar assets, taking into account anticipated technological or other changes. The company periodically reviews these lives relative to physical factors, economic factors and industry trends. If there are changes in the planned use of property and equipment or if technological changes were to occur more rapidly than anticipated, the useful lives assigned to these assets may need to be shortened, resulting in the recognition of increased depreciation and amortization expense in future periods. Following is a summary of the estimated useful lives: Description Life Building and improvements 20 to 40 years Furniture and fixtures 3 to 7 years Machinery and equipment 3 to 10 years Depreciation expense amounted to $39.1 million, $37.9 million and $35.8 million in fiscal 2020, 2019 and 2018, respectively. Expenditures which significantly extend useful lives are capitalized. Maintenance and repairs are charged to expense as incurred. Asset impairments are recorded whenever events or changes in circumstances indicate that the recorded value of an asset is greater than the sum of its expected future undiscounted cash flows. (f) Goodwill and Other Intangibles The company’s business acquisitions result in the recognition of goodwill and other intangible assets, which are a significant portion of the company’s total assets. Goodwill represents the excess of acquisition costs over the fair value of the net tangible assets and identifiable intangible assets acquired in a business combination. Identifiable intangible assets are recognized separately from goodwill and include trademarks and trade names, technology, customer relationships and other specifically identifiable assets. Trademarks and trade names are deemed to be indefinite-lived. Goodwill and indefinite-lived intangible assets are not amortized, but are subject to impairment testing. The company performs the annual impairment assessment for goodwill and indefinite-lived intangible assets as of first day of the fourth quarter and more frequently if indicators of impairment exist. The goodwill impairment test is performed at the reporting unit level. The company initially performs a qualitative analysis to determine if it is more likely than not that the goodwill balance or indefinite-life intangible asset is impaired. In conducting a qualitative assessment, the company analyzes a variety of events or factors that may influence the fair value of the reporting unit or indefinite-life intangible, including, but not limited to: macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, share price and other relevant factors. If an indicator of impairment is determined from the qualitative analysis, then the company will perform a quantitative analysis. The fair value of each reporting unit is compared to its carrying value. If the fair value of the reporting unit is less than its carrying value, the resulting difference will be a charge to impairment of goodwill in the Consolidated Statements of Earnings in the period in which the determination is made. Fair value is determined using a combination of present value techniques and market prices of comparable businesses. The company completed its annual impairment test for goodwill as of September 27, 2020. The company performed a qualitative assessment to evaluate goodwill for all reporting units. As a result of the financial performance indicators for the Commercial Foodservice reporting unit, the company completed a quantitative analysis. The fair value of the reporting unit exceeded its carrying value by more than 100% and no impairment of goodwill was recognized. Based on the qualitative assessment for all other reporting units it was determined there was no impairment of goodwill. The company has not recognized any goodwill impairments and therefore there are no accumulated impairment losses. Goodwill is allocated to the business segments as follows (in thousands): Commercial Food Residential Kitchen Total Balance as of December 29, 2018 $ 1,102,067 $ 219,054 $ 422,054 $ 1,743,175 Goodwill acquired during the year 81,339 43,613 9,503 134,455 Measurement period adjustments to goodwill acquired in prior year (27,929) (3,722) — (31,651) Exchange effect (1,925) (1,266) 6,959 3,768 Balance as of December 28, 2019 $ 1,153,552 $ 257,679 $ 438,516 $ 1,849,747 Goodwill acquired during the year 56,773 — — 56,773 Measurement period adjustments to goodwill acquired in prior year (56) (8,732) 1,770 (7,018) Exchange effect 18,167 6,851 9,741 34,759 Balance as of January 2, 2021 $ 1,228,436 $ 255,798 $ 450,027 $ 1,934,261 Intangible assets consist of the following (in thousands): January 2, 2021 December 28, 2019 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer relationships 8.5 $ 735,264 $ (347,029) 9.2 $ 717,397 $ (283,846) Backlog 0.3 34,729 (31,924) 1.3 29,426 (28,283) Developed technology 10.0 56,931 (24,394) 5.2 32,999 (21,378) $ 826,924 $ (403,347) $ 779,822 $ (333,507) Indefinite-lived assets: Trademarks and tradenames $ 1,026,804 $ 997,066 The company completed its annual impairment for other intangibles as of September 27, 2020. We identified indicators of impairment associated with certain tradenames within all three of our business segments based on the qualitative assessment, which required the completion of a quantitative impairment assessment. The primary indicators of impairment were lower than expected revenue performance in the current year, forecasted revenues for future periods and market conditions. Based on the results of the quantitative assessment, the company recorded impairment charges of $11.6 million associated with several tradenames, none of which were individually material. The company recorded charges of $5.3 million associated with trademarks within the Commercial Foodservice Equipment Group, $5.4 million for the Food Processing Equipment Group and $0.9 million for the Residential Kitchen Equipment Group. The gross value of the trademarks tested was approximately $90.0 million and the fair values of the other trademarks tested with no impairment per the analyses, exceeded their carrying values by more than 20%. In performing the quantitative assessment of indefinite-life intangible assets, primarily tradenames, the company estimated the fair value using the relief-from-royalty method which requires assumptions related to projected revenues; assumed royalty rates that could be payable if we did not own the brand; and a market participant discount rate based on a weighted-average cost of capital. The company elected to perform a qualitative assessment on the other indefinite-life intangible assets noting no events that indicated that the fair value was less than carrying value that would require a quantitative impairment assessment. The estimates of future cash flows used in determining the fair value of goodwill and intangible assets involve significant management judgment and are based upon assumptions about expected future operating performance, economic conditions, market conditions and cost of capital. Inherent in estimating the future cash flows are uncertainties beyond our control, such as changes in capital markets. The actual cash flows could differ materially from management's estimates due to changes in business conditions, operating performance and economic conditions. 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 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. The potential negative demand effect on revenues is also uncertain given the volatile environment, but demand and production levels are anticipated to continue to recover. The aggregate intangible amortization expense was $69.0 million, $64.0 million and $60.0 million in 2020, 2019 and 2018, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands): 2021 $ 68,413 2022 62,050 2023 56,058 2024 44,587 2025 38,226 2026 and thereafter 154,243 $ 423,577 (g) Accrued Expenses Accrued expenses consist of the following at January 2, 2021 and December 28, 2019, respectively (in thousands): 2020 2019 Accrued payroll and related expenses $ 93,926 $ 80,621 Contract liabilities 93,871 74,511 Accrued warranty 69,667 66,374 Accrued customer rebates 43,703 51,709 Accrued short-term leases 22,493 21,827 Accrued liabilities held for sale 22,313 — Accrued sales and other tax 22,030 19,862 Accrued interest rate swaps 14,075 — Accrued product liability and workers compensation 12,909 15,164 Accrued professional fees 12,133 13,368 Accrued agent commission 11,105 13,816 Accrued restructuring 2,686 1,121 Other accrued expenses 73,630 58,177 $ 494,541 $ 416,550 (h) Litigation Matters From time to time, the company is subject to proceedings, lawsuits and other claims related to products, suppliers, employees, customers and competitors. The company maintains insurance to partially cover product liability, workers compensation, property and casualty, and general liability matters. The company is required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of accrual required, if any, for these contingencies is made after assessment of each matter and the related insurance coverage. The required accrual may change in the future due to new developments or changes in approach such as a change in settlement strategy in dealing with these matters. The company does not believe that any such matter will have a material adverse effect on its financial condition, results of operations or cash flows of the company. During 2019, we reached a settlement with respect to a lawsuit filed by the company arising from a prior acquisition included our Residential Kitchen Equipment Segment. The gain associated with this settlement, which is net of the release of funds in escrow, is reflected in the consolidated statement of earnings. (i) Accumulated Other Comprehensive Income (Loss) The following table summarizes the components of accumulated other comprehensive income (loss) as reported in the consolidated balance sheets (in thousands): 2020 2019 Unrecognized pension benefit costs, net of tax of $(89,059) and $(48,633) $ (400,919) $ (228,336) Unrealized gain on interest rate swap, net of tax of $(13,120) and $(5,973) (37,548) (16,892) Currency translation adjustments (49,961) (105,705) $ (488,428) $ (350,933) Changes in accumulated other comprehensive income (loss) (1) were as follows (in thousands): Currency Translation Adjustment Pension Benefit Costs Unrealized Gain/(Loss) Interest Rate Swap Total 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 7,066 (59,238) (22,880) (75,052) Amounts reclassified from accumulated other comprehensive income — 1,840 (1,256) 584 Net current-period other comprehensive income $ 7,066 $ (57,398) $ (24,125) $ (74,457) Balance as of December 28, 2019 $ (105,705) $ (228,336) $ (16,892) $ (350,933) Other comprehensive income before reclassification 55,744 (174,826) (36,170) (155,252) Amounts reclassified from accumulated other comprehensive income — 2,243 15,514 17,757 Net current-period other comprehensive income $ 55,744 $ (172,583) $ (20,656) $ (137,495) Balance as of January 2, 2021 $ (49,961) $ (400,919) $ (37,548) $ (488,428) (1) As of January 2, 2021 pension and interest rate swap amounts are net of tax of $(89.1) million and $(13.1) million, respectively. During the twelve months ended January 2, 2021, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(40.4) million and $(7.1) 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. (j) Fair Value Measures ASC 820 Fair Value Measurements and Disclosures defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels: Level 1 – Quoted prices in active markets for identical assets or liabilities Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly Level 3 – Unobservable inputs based on our own assumptions The company’s financial assets and liabilities that are measured at fair value are categorized using the fair value hierarchy at January 2, 2021 and December 28, 2019 are as follows (in thousands): Fair Value Fair Value Fair Value Total As of January 2, 2021 Financial Liabilities: Interest rate swaps $ — $ 51,093 $ — $ 51,093 Contingent consideration $ — $ — $ 25,558 $ 25,558 Foreign exchange derivative contracts $ — $ 2,191 $ — $ 2,191 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 January 2, 2021 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 agreements. On a quarterly basis, the company assesses the projected results for each of the acquisitions in comparison to the earnout targets and adjusts the liability accordingly. During fiscal 2020 the increase in contingent consideration was associated with 2020 acquisitions and there were no material performance assumption adjustments. (k) Foreign Currency The income statements of the company’s foreign operations are translated at the monthly average rates. Assets and liabilities of the company’s foreign operations are translated at exchange rates at the balance sheet date. These translation adjustments are not included in determining net income for the period but are disclosed and accumulated in a separate component of stockholders’ equity. Exchange gains and losses on foreign currency transactions are included in determining net income for the period in which they occur. These transactions amounted to a loss of $2.9 million, gain of $0.9 million and a loss of $2.6 million in 2020, 2019 and 2018, respectively, and are included in other expense on the statements of earnings. (l) Shipping and Handling Costs Fees billed to the customer for shipping and handling are classified as a component of net revenues. Shipping and handling costs are included in cost of products sold. (m) 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, 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 for the fiscal years 2020 and 2019 are as follows (in thousands): 2020 2019 Beginning balance $ 66,374 $ 59,451 Warranty reserve related to acquisitions 1,485 7,353 Warranty expense 58,047 68,842 Warranty claims paid (56,239) (69,272) Ending balance $ 69,667 $ 66,374 (n) Research and Development Costs Research and development costs, included in cost of sales in the consolidated statements of earnings, are charged to expense when incurred. These costs were $35.3 million, $41.2 million and $35.3 million in fiscal 2020, 2019 and 2018, respectively. (o) Non-Cash Share-Based Compensation The company estimates the fair value of restricted share grants and stock options at the time of grant and recognizes compensation costs over the vesting period of the awards and options. Non-cash share-based compensation expense of $19.6 million, $8.1 million and $2.5 million was recognized for fiscal 2020, 2019 and 2018, respectively, associated with restricted share grants. The company recorded a related tax benefit of $2.7 million, $0.5 million and less than $0.1 million in fiscal 2020, 2019 and 2018, respectively. As of January 2, 2021, there was $44.3 million of total unrecognized compensation cost related to nonvested restricted share grant compensation arrangements, if all performance conditions are fully achieved. The remaining weighted average life is 1.24 years. Share grant awards not subject to market conditions for vesting are valued at the closing share price of the company’s stock as of the date of the grant. The company issued 389,993 and 537,059 restricted share grant awards in 2020 and 2019, respectively, with a fair value of $22.5 million and $60.8 million, respectively. Share grant awards issued in 2020 and 2019 are generally performance based and were not subject to market conditions. The weighted average fair value of $57.74 and $113.26 per share for the awards for 2020 and 2019, respectively, represent the closing share price of the company’s stock as of the date of grant. On December 31, 2020, the company issued restricted stock units, which entitle the holder to shares of common stock subject to time vesting and the achievement of certain market and performance goals. Compensation expense is recognized over the performance measurement period of the units in accordance with ASC 718 Stock Compensation for awards with market and performance vesting conditions. The fair value of restricted stock units granted during 2020 was $135.31 and no restricted stock units have vested. As of January 2, 2021, there was $10.7 million of total unrecognized compensation cost related to nonvested restricted stock unit compensation arrangements, if all performance conditions are fully achieved. The remaining weighted average life is 2.18 years. (p) Earnings Per Share “Basic earnings per share” is calculated based upon the weighted average number of common shares actually outstanding, and “diluted earnings per share” is calculated based upon the weighted average number of common shares outstanding and other dilutive securities. The company’s potentially dilutive securities consist of shares issuable on exercise of outstanding options and vesting of restricted stock grants computed using the treasury method and amounted to 43,000, 9,000, and 28,000 for fiscal 2020, 2019 and 2018, respectively. During fiscal 2020, the average market price of the company's common stock has not exceeded the exercise price of the Convertible Notes and there have been no conversions to date, and as a result there is no impact to the diluted earnings per share. See Note 5, Financing Arrangements, in these Notes to the Consolidated Financial Statements for further details on the Convertible Notes. There were no anti-dilutive equity awards excluded from common stock equivalents for 2020, 2019 or 2018. (q) Consolidated Statements of Cash Flows Cash paid for interest was $65.6 million, $80.9 million and $55.3 million in fiscal 2020, 2019 and 2018, respectively. Cash payments totaling $41.2 million, $91.5 million, and $79.0 million were made for income taxes during fiscal 2020, 2019 and 2018, respectively. (r) New Accounting Pronouncements 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 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 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 Consolidated Financial Statements. 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. The company adopted this guidance on December 29, 2019 on a retrospective basis for all periods presented. The adoption of this guidance did not have an impact on the company's 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 Consolidated Financial Statements. Accounting Pronouncements - To be adopted 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 intends to adopt this guidance on January 3, 2021, and does not expect a material impact on the company's Consolidated Financial Statements upon adoption. In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting". Subject to meeting certain criteria, ASU 2020-04 provides optional expedients and exceptions to applying contract modification accounting under existing generally accepted accounting principles, for contracts that are modified to address the expected phase out of the London Inter-bank Offered Rate (“LIBOR”) by the end of 2021. Some of the Company’s contracts with respect to its borrowings and interest rate swap contracts already contain comparable alternative reference rates that would automatically take effect upon the phasing out of LIBOR, while for others, the company anticipates negotiating comparable replacement rates with its counterparties. In January 2021, the FASB issued ASU 2021-01 to provide supplemental guidance and to further clarify the scope. This guidance is effective for all entities from the beginning of an interim period that includes the issuance date of the ASU. An entity may elect to apply the amendments prospectively through December 31, 2022. The company is currently evaluating the impacts the adoption of this guidance will have on its Consolidated Financial Statements. In August 2020, the FASB issued ASU No. 2020-06, “Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging- Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”, which simplifies the accounting for convertible instruments by eliminating the requirement to separate embedded conversion features from the host contract when the conversion features are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital. By removing the separation model, a convertible debt instrument will be reported as a single liability instrument with no separate accounting for embedded conversion features. This new standard also removes certain settlement conditions that are required for contracts to qualify for equity classification and simplifies the diluted earnings per share calculations by requiring that an entity use the if-converted method and that the effect of potential share settlement be included in diluted earnings per share calculations. This guidance is effective for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2021 with early adoption permitted. The amendments are required to be adopted on either a modified retrospective method or a fully retrospective method. Upon adoption, the Company expects a decrease to additional paid in capital, an increase in the carrying value of the Convertible Notes and an increase to retained earnings. After adoption, the Company expects a reduction in its reported interest expense. The company is anticipating early adoption and will continue to evaluate the impact this guidance will have on its Consolidated Financial Statements.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	12 Months Ended
	Jan. 02, 2021
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE RECOGNITION Revenue is recognized when the control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and represents the unit of account. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The company’s contracts can have multiple performance obligations or just a single performance obligation. The company treats shipping and handling activities performed after the customer obtains control of the good as a contract fulfillment activity. The company generally expenses sales commissions when incurred because the amortization period would have been less than one year. These costs are recorded within selling, general and administrative expenses. For contracts with multiple performance obligations, the contracts transaction price is allocated to each performance obligation using the company’s best estimate of the standalone selling price of each distinct good or service in the contract. As the company’s standard payment terms are less than one year, the company does not assess whether a contract has a significant financing component. Sales, use and value added taxes assessed by governmental authorities are excluded from the measurement of the transaction price within the company’s contracts with its customers. The company generally expenses sales commissions when incurred because the amortization period would have been less than one year. These costs are recorded within selling, general and administrative expenses. Within the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups, the estimated standalone selling price of equipment is based on observable prices. Within the Food Processing Equipment Group, the company estimates the standalone selling price based on expected cost to manufacture the good or complete the service plus an appropriate profit margin. Control may pass to the customer over time or at a point in time. 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 our long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. Installation services provided in connection with the delivery of the equipment are also generally recognized as those services are rendered. Over time transfer of control is measured using an appropriate input measure (e.g., costs incurred or direct labor hours incurred in relation to total estimate). These measures include forecasts based on the best information available and therefore reflect the company's judgment to faithfully depict the transfer of the goods. Contract Estimates Accounting for long-term contracts within the Food Processing Equipment group involves the use of various techniques to estimate total contract revenue and costs. For the company’s long-term contracts, estimated profit for the equipment performance obligations is recognized as the equipment is manufactured and assembled. Profit on the equipment performance obligations is estimated as the difference between the total estimated revenue and expected costs to complete a contract. Contract cost estimates are based on labor productivity and availability, the complexity of the work to be performed; the cost and availability of materials and labor, and the performance of subcontractors. The company does not disclose information about remaining performance obligations that have original expected durations of one year or less. Contracts within the Commercial Foodservice and Residential Foodservice Equipment groups may contain variable consideration in the form of volume rebate programs. The company’s estimate of variable consideration is based on its experience with similarly situated customers using the portfolio approach. Disaggregation of Revenue We disaggregate our net sales by reportable operating segment and geographical location as we believe it best depicts how the nature, timing and uncertainty of our 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 our long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes our net sales by reportable operating segment and geographical location (in thousands): Commercial Food Processing Residential Kitchen Total Twelve Months Ended January 2, 2021 United States and Canada $ 1,067,872 $ 311,042 $ 373,864 $ 1,752,778 Asia 155,742 26,778 6,711 189,231 Europe and Middle East 246,845 78,690 182,919 508,454 Latin America 39,820 20,762 2,212 62,794 Total $ 1,510,279 $ 437,272 $ 565,706 $ 2,513,257 Twelve Months Ended December 28, 2019 United States and Canada $ 1,334,776 $ 246,572 $ 362,753 $ 1,944,101 Asia 221,422 31,250 5,760 258,432 Europe and Middle East 349,613 98,814 198,672 647,099 Latin America 78,534 24,315 6,965 109,814 Total $ 1,984,345 $ 400,951 $ 574,150 $ 2,959,446 Twelve Months Ended December 29, 2018 United States and Canada $ 1,176,006 $ 263,743 $ 366,679 $ 1,806,428 Asia 180,409 36,578 7,155 224,142 Europe and Middle East 315,935 64,666 221,126 601,727 Latin America 57,464 24,607 8,563 90,634 Total $ 1,729,814 $ 389,594 $ 603,523 $ 2,722,931 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 Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. 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 Consolidated Balance Sheet. Non-current contract liabilities are recorded in other non-current liabilities in the 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): January 2, 2021 December 28, 2019 Contract assets $ 20,328 $ 22,675 Contract liabilities $ 93,871 $ 74,511 Non-current contract liabilities $ 13,523 $ 12,870

Financing Arragements (Notes)

Financing Arragements (Notes)	12 Months Ended
	Jan. 02, 2021
Debt Disclosure [Abstract]
Financing Arrangements	(5) FINANCING ARRANGEMENTS 2020 2019 (in thousands) Senior secured revolving credit line $ 755,000 $ 1,869,402 Term loan facility 335,938 — Convertible senior notes 632,847 — Foreign loans 4,421 3,622 Other debt arrangement 1,390 116 Total debt 1,729,596 1,873,140 Less: Current maturities of long-term debt 22,944 2,894 Long-term debt $ 1,706,652 $ 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 (as amended as described below, the "Credit Facility"). The Credit Facility amended the company's pre-existing $3.0 billion credit facility, which had an original maturity of July 2021, to provide for (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. On August 21, 2020, the company issued $747.5 million aggregate principal amount of 1.00% Convertible Senior Notes due 2025 in a private offering pursuant to an indenture, dated August 21, 2020 (the "Indenture"), between the company and U.S. Bank National Association, as trustee. The net proceeds from the sale of the Convertible Notes were approximately $729.9 million after deducting the initial purchasers' discounts and the offering expenses payable by the company. In connection with the pricing of the Convertible Notes, the company entered into privately negotiated Capped Call Transactions and the company used the net proceeds of the offering of the Convertible Notes to pay the aggregate amount of $104.7 million for them. The Capped Call Transactions initially cover, subject to customary anti-dilution adjustments, the number of shares of the company's common stock that underlie the Convertible Notes. The company used a portion of the net proceeds from the offering of the Convertible Notes to prepay $400.0 million aggregate principal amount of its term loan obligations owed under its Credit Facility, which was amended concurrently with the issuance of the Convertible Notes. The Credit Facility, as amended, is in an aggregate principal amount of $3.1 billion, consisting of (i) a $350 million term loan facility and (ii) a $2.75 billion multi-currency revolving credit facility. The maturity date remains unchanged at January 31, 2025. The company is using the remaining net proceeds for general corporate purposes, including the financing of its operations, the potential repayment of additional indebtedness and potential acquisitions and other strategic transactions. Credit Facility As of January 2, 2021, the company had $1.1 billion of borrowings outstanding under the Credit Facility, including $335.9 million outstanding under the term loan. The company also had $10.9 million in outstanding letters of credit as of January 2, 2021, which reduces the borrowing availability under the Credit Facility. Remaining borrowing capacity under this facility was $2.0 billion at January 2, 2021. At January 2, 2021, borrowings under the Credit Facility accrued interest at a rate of 2.00% above LIBOR per annum or 1.00% above the highest of the prime rate, the federal funds rate plus 0.50% and one month LIBOR plus 1.00%. 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. As a result of the amendment, for the quarterly periods extending through the second fiscal quarter of 2021, borrowings under the Credit Facility will accrue interest at a minimum of 2.00% above LIBOR and the variable unused commitment fee will be at a minimum of 0.35%. The average interest rate per annum, inclusive of hedging instruments, on the debt under the Credit Facility was equal to 3.97% at the end of the period and the variable commitment fee was equal to 0.35% per annum as of January 2, 2021. The term loan facility had an average interest rate per annum, inclusive of hedging instruments, of 3.25% as of January 2, 2021. In addition, the company has international credit facilities to fund working capital needs outside the United States. At January 2, 2021, these foreign credit facilities amounted to $4.4 million in U.S. Dollars with a weighted average per annum interest rate of approximately 5.91%. The company’s debt is reflected on the balance sheet at cost. The fair values of the Credit Facility, term debt and foreign and other debt is based on the amount of future cash flows associated with each instrument discounted using the company's incremental borrowing rate. 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 carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt excluding the Convertible Notes is as follows (in thousands): Jan 2, 2021 Dec 28, 2019 Carrying Value Fair Value Carrying Value Fair Value Total debt excluding convertible senior notes $ 1,096,749 $ 1,096,749 $ 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 January 2, 2021, the company had outstanding floating-to-fixed interest rate swaps totaling $260.0 million notional amount carrying an average interest rate of 2.36% maturing in less than 12 months and $802.0 million notional amount carrying an average interest rate of 1.92% that mature in more than 12 months but less than 74 months. The terms of the Credit Facility, as amended, 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, (ii) a maximum Total Leverage Ratio of Funded Debt less Unrestricted Cash to Pro Forma EBITDA (each as defined in the Credit Facility) of 5.50 to 1.00, and (iii) a maximum Secured Leverage Ratio of Funded Debt less Unrestricted Cash to Pro Forma EBITDA (each as defined in the Credit Facility) of 3.50 to 1.00; which may be adjusted to 4.00 to 1.00 for a four consecutive fiscal quarter period in connection with certain qualified acquisitions, subject to the terms and conditions contained in the Credit Facility. However; the maximum secured leverage ratio is permitted to be at higher amounts for periods extending through the second fiscal quarter of 2021, after which time covenants will revert to their original levels. 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 January 2, 2021, 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 and maintain compliance with financial covenants in its Credit Facility for at least the next 12 months. Convertible Notes The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes: Jan 2, 2021 (in thousands) Principal amounts: Principal $ 747,500 Unamortized debt discount (114,653) Net carrying amount $ 632,847 The following table summarizes total interest expense recognized related to the Convertible Notes: Twelve Months Ended Jan 2, 2021 Contractual interest expense $ 2,720 Interest cost related to amortization of the debt discount and issuance costs 7,971 Total interest expense $ 10,691 The estimated fair value of the Convertible Notes was $910.1 million as of January 2, 2021 and was determined through consideration of quoted market prices. The fair value is classified as Level 2, as defined in Note 3 (j), Fair Value Measurements , in these Notes to the Consolidated Financial Statements included in this Part II, Item 8 of this Annual Report on Form 10-K . The if-converted value of the Convertible Notes exceeded their respective principal value by $1.7 million as of January 2, 2021. The Convertible Notes are general unsecured obligations of the company. The Convertible Notes rank senior in right of payment to any of the company’s future indebtedness that is expressly subordinated in right of payment to the Convertible Notes; rank equal in right of payment to the company’s existing and future unsecured indebtedness that is not so subordinated; are effectively subordinated in right of payment to any of the company’s secured indebtedness to the extent of the value of the assets securing such indebtedness; and are structurally subordinated to all existing and future indebtedness and liabilities of the company’s subsidiaries. In accounting for the issuance of the Convertible Notes, the company separated the Convertible Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated convertible feature. The carrying amount of the equity component, representing the conversion option, which does not meet the criteria for separate accounting as a derivative as it is indexed to the company's own stock, was determined by deducting the fair value of the liability component from the par value of the Convertible Notes. The difference between the principal amount of the Convertible Notes and the liability component represents the debt discount, which is recorded as a direct deduction from the related debt liability in the Consolidated Balance Sheets and amortized to interest expense using the effective interest method over the term of the Convertible Notes. The effective interest rate of the Convertible Notes is 4.7%. The equity component of the Convertible Notes of approximately $105.0 million is included in the additional paid-in capital in the Consolidated Balance Sheets and is not remeasured as long as it continues to meet the conditions for equity classification. The company allocated transaction costs related to the Convertible Notes using the same proportions as the proceeds from the Convertible Notes. Transaction costs attributable to the liability component were recorded as a direct deduction from the related debt liability in the Consolidated Balance Sheets and amortized to interest expense over the term of the Convertible Notes, and transaction costs attributable to the equity component were netted with the equity component in stockholders' equity. The Convertible Notes were issued pursuant to the Indenture and bear interest semi-annually in arrears at a rate of 1.00% per annum on March 1 and September 1 of each year. The Convertible Notes are convertible based upon an initial conversion rate of 7.7746 shares of the company's common stock per $1,000 principal amount of the Convertible Notes, which is equivalent to an initial conversion price of approximately $128.62 per share of the company's common stock. The conversion rate will be subject to adjustment upon occurrence of certain specified events in accordance with the Indenture, but will not be adjusted for accrued and unpaid interest. Additionally, in the event of a Fundamental Change (as defined in the Indenture), holders of the Convertible Notes may require the company to repurchase all or a portion of their Convertible Notes at a price equal to 100.0% of the principal amount of Convertible Notes, plus any accrued and unpaid interest to, but excluding, the repurchase date. Upon conversion, the company will pay cash up to the aggregate principal amount of the Convertible Notes to be converted and pay or deliver, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock, at the company's election, in respect of the remainder, if any, of the company's conversion obligation in excess of the aggregate principal amount of the notes being converted. The Convertible Notes will mature on September 1, 2025 unless they are redeemed, repurchased or converted prior to such date in accordance with their terms. Prior to the close of business on the business day immediately preceding June 1, 2025, the notes will be convertible at the option of the holders only under the following circumstances: (1) during any fiscal quarter commencing after the fiscal quarter ending on January 2, 2021 (and only during such fiscal quarter), if the last reported sale price of the company's common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130.0% of the conversion price for the Convertible Notes on each applicable trading day; (2) during the five business day period after any ten consecutive trading day period in which the trading price per $1,000 principal amount of the Convertible Notes for each trading day of that ten consecutive trading day period was less than 98.0% of the product of the last reported sale price of the company's common stock and the conversion rate of the Convertible Notes on each such trading day; (3) if the company calls such Convertible Notes for redemption; or (4) upon the occurrence of specified corporate events. On or after June 1, 2025, the notes will be convertible at the option of the holders at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. Holders of the Convertible Notes who convert in connection with a Make-Whole Fundamental Change or during a Redemption Period (each as defined in the Indenture) will be, under certain circumstances, entitled to an increase in the conversion rate. The company may settle the conversions of the Convertible Notes in cash, shares of the company's common stock or any combination thereof at its election. The number of shares of the company's common stock issuable at the conversion price of $128.62 per share is expected to be 5.8 million shares. However, the Capped Call Transactions are expected generally to reduce the potential dilution of the company's common stock upon any conversion of Convertible Notes and/or offset the cash payments the company is required to make in excess of the principal amount of the Notes. Under the Capped Call Transactions, the number of shares of common stock issuable at the conversion price of $207.93 is expected to be 3.6 million shares. The Convertible Notes were not convertible during the twelve months period ended January 2, 2021 and none have been converted to date. Also given the average market price of the company's common stock has not exceeded the exercise price since inception, there is no impact to the diluted earnings per share. The company may redeem all or any portion of the Convertible Notes, at its option, on or after September 5, 2023 and prior to the 41st scheduled trading day immediately preceding the maturity date, at a redemption price equal to 100.0% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest thereon, if the last reported sales price of the company's common stock has been at least 130.0% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the company provides written notice of redemption. The Indenture includes customary terms and covenants, including certain events of default after which the Convertible Notes may become due and payable immediately. Capped Call Transactions The Capped Call Transactions are expected generally to reduce the potential dilution and/or offset the cash payments the company is required to make in excess of the principal amount of the Convertible Notes upon conversion of the Convertible Notes in the event that the market price per share of the company's common stock is greater than the strike price of the Capped Call Transactions (which initially corresponds to the initial conversion price of the Convertible Notes and is subject to certain adjustments under the terms of the Capped Call Transactions), with such reduction and/or offset subject to a cap based on the cap price of the Capped Call Transactions. The Capped Call Transactions have an initial cap price of $207.93 per share of the company's common stock. The Capped Call Transactions cover, initially, the number of shares of the company's common stock underlying the Convertible Notes, subject to anti-dilution adjustments substantially similar to those applicable to the Convertible Notes. The Capped Call Transactions are separate transactions entered into by the company with the capped call counterparties, and are not part of the terms of the Convertible Notes and will not affect any holder's right under the Convertible Notes. Holders of the Convertible Notes will not have any rights with respect to the Capped Call Transactions. The Capped Call Transactions do not meet the criteria for separate accounting as a derivative as they are indexed to the company's stock. The premiums paid of the Capped Call Transactions have been included as a net reduction to additional paid-in capital with stockholders' equity. The aggregate amount of debt payable during each of the next five years is as follows (in thousands): 2021 $ 22,944 2022 19,261 2023 19,056 2024 19,069 2025 and thereafter 1,649,266 $ 1,729,596

Common and Preferred Stock (Not

Common and Preferred Stock (Notes)	12 Months Ended
	Jan. 02, 2021
Stockholders' Equity Note [Abstract]
Common and Preferred Stock	COMMON AND PREFERRED STOCK (a) Shares Authorized At January 2, 2021 and December 28, 2019, the company had 95,000,000 authorized shares of common stock and 2,000,000 authorized shares of non-voting preferred stock. (b) Treasury Stock In November 2017, the company's Board of Directors approved a stock repurchase program authorizing the company to repurchase in the aggregate up to 2,500,000 shares of its outstanding common stock. During 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 January 2, 2021, 1,023,165 shares had been purchased under the 2017 stock repurchase program and 1,476,835 remain authorized for repurchase. 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. During 2020, the company repurchased 176,242 shares of its common stock that were surrendered to the company for withholding taxes related to restricted stock vestings for $16.2 million. (c) Share-Based Awards The company maintains several stock incentive plans under which the company's Board of Directors issues restricted share grants to key employees. Restricted share grants issued to employees are transferable upon certain vesting requirements being met. The 2011 Stock Incentive Plan (the "2011 Plan") was adopted on April 1, 2011, under which the company's Board of Directors issues stock grants to key employees. On July 11, 2017 the company increased the maximum amount of shares reserved for issuance under the 2011 Plan by 1,000,000. A maximum amount of 2,650,000 shares can be issued under the 2011 Plan. Stock grants issued to employees are transferable upon certain vesting requirements. As of January 2, 2021, a total of 2,137,168 share-based awards have been issued under the 2011 Plan. This includes 2,042,168 restricted share grants, of which 433,065 remain outstanding and unvested. For fiscal year ended January 2, 2021, the approximate fair value of restricted shares vested were $44.8 million. This also includes 95,000 restricted stock units, of which 95,000 remain unvested. For fiscal year ended January 2, 2021, no restricted stock units have vested. A summary of the company’s nonvested restricted share grant activity and their corresponding fair value on the date of grant for fiscal years ended January 2, 2021 and December 28, 2019 is as follows: Shares Weighted Nonvested shares at December 29, 2018 125,842 $ 103.29 Granted 537,059 113.26 Vested (135,816) 105.81 Forfeited — — Nonvested shares at December 28, 2019 527,085 $ 112.60 Granted 389,993 57.74 Vested (476,261) 68.54 Forfeited (7,752) 66.01 Nonvested shares at January 2, 2021 433,065 $ 112.54 A summary of the company’s nonvested restricted stock unit activity and their corresponding fair value (based upon the Monte Carlo Methodology) on the date of grant for fiscal years ended January 2, 2021 is as follows: Units Weighted Nonvested shares at December 28, 2019 — $ — Granted 95,000 135.31 Vested — — Forfeited — — Nonvested shares at January 2, 2021 95,000 $ 135.31

Income Taxes

Income Taxes	12 Months Ended
	Jan. 02, 2021
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Earnings before taxes is summarized as follows (in thousands): 2020 2019 2018 Domestic $ 178,813 $ 336,688 $ 328,870 Foreign 89,244 125,931 94,643 Total $ 268,057 $ 462,619 $ 423,513 The provision for income taxes is summarized as follows (in thousands): 2020 2019 2018 Federal $ 36,908 $ 69,074 $ 66,359 State and local 8,815 16,203 16,035 Foreign 15,040 25,102 23,967 Total $ 60,763 $ 110,379 $ 106,361 Current $ 44,342 $ 88,167 $ 85,872 Deferred 16,421 22,212 20,489 Total $ 60,763 $ 110,379 $ 106,361 Reconciliation of the differences between income taxes computed at the federal statutory rate to the effective rate are as follows: 2020 2019 2018 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 3.2 3.2 3.0 Permanent differences (0.4) 0.6 0.2 Foreign income tax rate at rates other than U.S. statutory 0.5 0.2 1.3 Deferred tax changes (0.7) — 0.2 Tax Cuts and Jobs Act of 2017 transition tax — — (0.1) Change in valuation allowances (1) (0.1) 0.1 (0.5) Tax on unremitted earnings 1.2 0.3 — Other (2.0) (1.5) — Consolidated effective tax 22.7 % 23.9 % 25.1 % (1) Net of changes in related tax attributes. The company’s effective tax rate for 2020 was 22.7% as compared to 23.9% in 2019. The effective tax rate for 2020 reflects favorable tax adjustments for deferred tax rate changes and adjustments for the finalization of 2019 tax returns. The effective tax rate is higher than the federal tax rate of 21.0% primarily due to state taxes and foreign tax rate differentials. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act") was enacted in response to the coronavirus ("COVID-19") pandemic. The CARES Act, among other things, includes provisions related to refundable payroll tax credits, deferment of the employer portion of social security payments, net operating loss carryback periods, modifications to the net interest deduction limitations, and technical corrections to tax depreciation methods for qualified improvement property. The CARES Act did not have a material impact on the company’s Consolidated Financial Statements for the year ended January 2, 2021. On December 27, 2020, the Consolidated Appropriations Act (“CAA”) was enacted in further response to the COVID-19 pandemic, in combination with omnibus spending for the 2021 federal fiscal year. The CAA extended many of the provisions enacted by the CARES Act, the extension of which likewise did not have a material impact on the company’s Consolidated Financial Statements for the year ended January 2, 2021. At January 2, 2021 and December 28, 2019, the company had recorded the following deferred tax assets and liabilities (in thousands): 2020 2019 Deferred tax assets: Compensation related $ 12,328 $ 4,744 Pension and post-retirement benefits 88,709 48,716 Inventory reserves 14,732 15,166 Accrued liabilities and reserves 22,049 17,321 Warranty reserves 17,890 16,550 Operating lease liability 16,180 17,521 Interest rate swaps 12,997 6,075 Net operating loss carryforwards 20,747 17,873 Other 17,187 16,504 Gross deferred tax assets 222,819 160,470 Valuation allowance (11,731) (7,754) Deferred tax assets $ 211,088 $ 152,716 Deferred tax liabilities: Intangible assets $ (226,598) $ (203,721) Depreciable assets (26,916) (18,020) Operating lease right-of-use assets (15,921) (17,542) Other (12,825) (10,001) Deferred tax liabilities $ (282,260) $ (249,284) Net deferred tax assets (liabilities) $ (71,172) $ (96,568) Long-term deferred asset 76,052 36,932 Long-term deferred liability (147,224) (133,500) Net deferred tax assets (liabilities) $ (71,172) $ (96,568) The company has recorded tax reserves on undistributed foreign earnings not permanently reinvested of $7.5 million and $5.6 million at January 2, 2021 and December 28, 2019, respectively. No further provisions were made for income taxes that may result from future remittances of undistributed earnings of foreign subsidiaries that are determined to be permanently reinvested, which were $433.0 million on January 2, 2021. Determination of the total amount of unrecognized deferred income taxes on undistributed earnings net of foreign subsidiaries is not practicable. The company has a deferred tax asset on net operating loss carryforwards totaling $20.7 million as of January 2, 2021. These net operating losses are available to reduce future taxable earnings of certain domestic and foreign subsidiaries. United States federal loss carryforwards total $15.7 million of which $10.0 million will expire through 2036 and $5.7 million have no expiration date. State loss carryforwards total $102.4 million and expire through 2040 and international loss carryforwards total $56.5 million and expire through 2038; however, some have no expiration date. Of these carryforwards, $11.4 million are subject to full valuation allowance. As of January 2, 2021, the total amount of liability for unrecognized tax benefits related to federal, state and foreign taxes was approximately $30.3 million (of which $30.2 million would impact the effective tax rate if recognized) plus approximately $6.3 million of accrued interest and $7.0 million of penalties. The company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. Interest recognized in fiscal years 2020, 2019 and 2018 was $0.8 million, $0.4 million and $0.6 million, respectively. Penalties recognized in fiscal years 2020, 2019 and 2018 was $(0.2) million, $(0.9) million and $0.6 million, respectively. Although the company believes its tax returns are correct, the final determination of tax examinations may be different than what was reported on the tax returns. In the opinion of management, adequate tax provisions have been made for the years subject to examination. The following table summarizes the activity related to the unrecognized tax benefits for the fiscal years ended December 29, 2018, December 28, 2019 and January 2, 2021 (in thousands): Balance at December 29, 2018 $ 31,912 Increases to current year tax positions 4,216 Increase to prior year tax positions 254 Lapse of statute of limitations (4,823) Balance at December 28, 2019 $ 31,559 Increases to current year tax positions 3,657 Increase to prior year tax positions 183 Settlements and other adjustments (586) Lapse of statute of limitations (4,484) Balance at January 2, 2021 $ 30,329 It is reasonably possible that the amounts of unrecognized tax benefits associated with state, federal and foreign tax positions may decrease over the next twelve months due to expiration of a statute or completion of an audit. The company believes that it is reasonably possible that $4.4 million of its remaining unrecognized tax benefits may be recognized by the end of 2021 as a result of settlements with taxing authorities or lapses of statutes of limitations. In the normal course of business, income tax authorities in various income tax jurisdictions both in the United States and internationally conduct routine audits of our income tax returns filed in prior years. These audits are generally designed to determine if individual income tax authorities are in agreement with our interpretations of complex tax regulations regarding the allocation of income to the various income tax jurisdictions. Income tax years are open from 2017 through the current year for the United States federal jurisdiction. Income tax years open for our other major jurisdictions range from 2014 through the current year.

Financial Instruments

Financial Instruments	12 Months Ended
	Jan. 02, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS Derivatives are measured at fair value and recognized as either assets or liabilities. Derivatives that do not qualify as a hedge must be adjusted to fair value in earnings. If a derivative does qualify, 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. (a) Foreign Exchange The company periodically enters into derivative instruments, principally forward contracts to reduce exposures pertaining to fluctuations in foreign exchange rates. The fair value of these forward contracts was an unrealized loss of $2.2 million at the end of the year. (b) 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. The fair value of these instruments was a liability of $51.1 million and a liability of $23.3 million as of January 2, 2021 and December 28, 2019, respectively. The change in fair value of these swap agreements in 2020 was a loss of $20.7 million, net of taxes. A summary of the company’s interest rate swaps is as follows (in thousands): Twelve Months Ended Location Jan 2, 2021 Dec 28, 2019 Fair value Other assets $ — $ 1,830 Fair value Accrued expenses $ 14,075 $ — Fair value Other non-current liabilities $ 37,018 $ 25,120 Amount of gain/(loss) recognized in other comprehensive income Other comprehensive income $ (43,317) $ (31,396) Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (15,514) $ 1,256 Interest rate swaps are subject to default risk to the extent the counterparty is unable to satisfy its 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 agreement.

Lease Commitments

Lease Commitments	12 Months Ended
	Jan. 02, 2021
Leases [Abstract]
Lessee, Operating Leases	LEASE COMMITMENTS Accounting Policy At the commencement date of a lease, the company recognizes a liability to make lease payments and an asset representing the right to use the underlying asset during the lease term. The lease liability is measured at the present value of lease payments over the lease term, including variable fees that are known or subject to a minimum floor. The lease liability includes lease component fees, while non-lease component fees are expensed as incurred for all asset classes. The company's lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. When a contract excludes an implicit rate, the company utilizes an incremental borrowing rate based on information available at the lease commencement date including lease term and geographic region. The initial valuation of the right-of-use (“ROU”) asset includes the initial measurement of the lease liability, lease payments made in advance of the lease commencement date and initial direct costs incurred by the Company and excludes lease incentives. Operating lease ROU assets are included in other assets and operating lease liabilities are included accrued expenses and other non-current liabilities. Leases with an initial term of 12 months or less are classified as short-term leases and are not recorded on the Consolidated Balance Sheets. The lease expense for short-term leases is recognized on a straight-line basis over the lease term. Leases The company leases warehouse space, office facilities and equipment under operating leases. The company has operating lease costs of $31.2 million, $31.0 million and $30.2 million in fiscal 2020, 2019 and 2018 respectively, including short-term lease expense and variable lease costs, which were immaterial in the year. Leases (in thousands) January 2, 2021 December 28, 2019 Operating lease right-of-use assets $ 97,193 $ 96,655 Operating Lease Liability: Current 22,493 21,827 Non-current 76,529 75,018 Total Liability $ 99,022 $ 96,845 Total Lease Commitments (in thousands) Operating Leases 2021 $ 24,675 2022 21,230 2023 16,650 2024 13,214 2025 9,315 2026 and thereafter 23,446 Total future lease commitments 108,530 Less imputed interest 9,508 Total $ 99,022 Other Lease Information (in thousands, except lease term and discount rate) Twelve Months Ended January 2, 2021 Twelve Months Ended December 28, 2019 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 26,024 $ 24,794 Right-of-use assets obtained in exchange for lease obligations: Operating leases 25,433 25,306 January 2, 2021 December 28, 2019 Weighted-average remaining lease terms leases - Operating 6.0 years 6.3 years Weighted-average discount rate - Operating 3.0 % 3.4 %

Segment Information

Segment Information	12 Months Ended
	Jan. 02, 2021
Segment Reporting [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, Colorado, Florida, Illinois, Michigan, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Vermont, Washington, Australia, Canada, China, Denmark, Estonia, Italy, Mexico, the Philippines, Poland, Spain, 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, soft serve ice cream equipment, coffee and beverage dispensing equipment, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, and IoT solutions. These products are sold and marketed under the brand names: Anets, APW Wyott, Bakers Pride, Beech, BKI, Blodgett, Blodgett Combi, Bloomfield, Britannia, Carter-Hoffmann, Celfrost, Concordia, CookTek, Crown, CTX, Desmon, Deutsche Beverage, Doyon, Eswood, EVO, Firex, Follett, Frifri, Giga, Globe, Goldstein, Holman, Houno, IMC, Induc, Ink Kegs, Inline Filling Systems, Jade, JoeTap, Josper, L2F, Lang, Lincat, MagiKitch’n, Market Forge, Marsal, Meheen, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco, QualServ, RAM, Southbend, Ss Brewtech, Star, Starline, Sveba Dahlen, Synesso, Tank, Taylor, Thor, Toastmaster, TurboChef, Ultrafryer, Varimixer, Wells, Wild Goose 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, Italy, 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, formers, 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, CV-Tek, Danfotech, Deutsche Process, Drake, Glimek, Hinds-Bock, Maurer-Atmos, MP Equipment, Pacproinc, 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, Wisconsin, France and the United Kingdom. Principal product lines of this group are ranges, cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, ventilation equipment and outdoor equipment. These products are sold and marketed under the brand names: AGA, AGA Cookshop, Brava, EVO, 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. Management believes that intersegment sales are made at established arm's length transfer prices. The following table summarizes the results of operations for the company’s business segments( 1 ) (dollars in thousands): Commercial Food Residential Kitchen Corporate and Other (2) Total 2020 Net sales $ 1,510,279 $ 437,272 $ 565,706 $ — $ 2,513,257 Operating income (3,4) 239,625 78,008 67,046 (60,248) 324,431 Depreciation expense 21,768 5,507 11,691 120 39,086 Amortization expense (5) 51,985 7,319 9,657 2,485 71,446 Net capital expenditures 25,463 3,427 4,801 1,158 34,849 Total assets 3,249,441 617,171 1,221,229 114,633 5,202,474 Long-lived assets (6) 279,481 55,069 192,940 19,849 547,339 2019 Net sales $ 1,984,345 $ 400,951 $ 574,150 $ — $ 2,959,446 Operating income (3,4) 429,946 68,935 89,312 (74,150) 514,043 Depreciation expense 21,054 4,944 11,742 112 37,852 Amortization expense (5) 45,906 8,162 9,896 1,612 65,576 Net capital expenditures 29,353 6,683 9,168 1,405 46,609 Total assets 3,188,304 621,619 1,157,211 35,009 5,002,143 Long-lived assets (6) 261,466 57,403 176,834 4,116 499,819 2018 Net sales $ 1,729,814 $ 389,594 $ 603,523 $ — $ 2,722,931 Operating income (3) 393,380 62,435 53,959 (63,808) 445,966 Depreciation expense 17,374 5,207 12,838 363 35,782 Amortization expense (5) 35,224 7,527 17,226 1,479 61,456 Net capital expenditures 17,444 7,373 11,721 (498) 36,040 Total assets 2,906,373 513,189 1,089,103 41,116 4,549,781 Long-lived assets (6) 181,636 33,127 146,897 22,328 383,988 (1) Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. (2) Includes corporate and other general company assets and operations. (3) Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 13 for further details. (4) Gain on litigation settlement is included in Residential Kitchen and gain on sale of plant is included in Commercial Foodservice. (5) Includes amortization of deferred financing costs. (6) Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets. Geographic Information Long-lived assets, not including goodwill and other intangibles (in thousands): 2020 2019 2018 United States and Canada $ 331,688 $ 305,207 $ 262,482 Asia 28,018 22,312 12,136 Europe and Middle East 181,242 165,781 108,001 Latin America 6,391 6,519 1,369 Total International 215,651 194,612 121,506 $ 547,339 $ 499,819 $ 383,988

Employee Retirement Plans

Employee Retirement Plans	12 Months Ended
	Jan. 02, 2021
Retirement Benefits [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 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, 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. In December 2020, it was agreed that the Group Pension Scheme will be closed to future pension accruals effective April 5, 2021 and as a result, a curtailment loss has been recognized in fiscal 2020. 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. A summary of the plans’ net periodic pension cost, benefit obligations, funded status, and net balance sheet position is as follows (dollars in thousands) Fiscal 2020 Fiscal 2019 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net Periodic Pension Cost (Benefit): Service cost $ — $ 2,581 $ — $ 2,457 Interest cost 1,043 25,966 1,253 33,490 Expected return on assets (999) (72,795) (868) (67,542) Amortization of net loss 763 3,449 664 721 Amortization of prior service cost — 2,577 — 2,560 Curtailment loss — 14,682 — 865 $ 807 $ (23,540) $ 1,049 $ (27,449) Change in Benefit Obligation: Benefit obligation – beginning of year $ 35,395 $ 1,501,616 $ 31,559 $ 1,377,575 Service cost — 2,581 — 2,457 Prior service cost — 2,309 — — Interest on benefit obligations 1,043 25,966 1,253 33,490 Member contributions — 312 — 313 Actuarial loss 4,146 186,945 4,173 102,377 Net benefit payments (1,687) (62,878) (1,590) (62,355) Curtailment loss — 14,682 — 865 Exchange effect — 73,041 — 46,894 Benefit obligation – end of year $ 38,897 $ 1,744,574 $ 35,395 $ 1,501,616 Change in Plan Assets: Plan assets at fair value – beginning of year $ 16,744 $ 1,231,181 $ 14,634 $ 1,141,381 Company contributions 1,587 5,745 1,191 5,934 Investment gain 811 69,824 2,509 107,368 Member contributions — 312 — 313 Benefit payments and plan expenses (1,687) (62,878) (1,590) (62,355) Exchange effect — 52,332 — 38,540 Plan assets at fair value – end of year $ 17,455 $ 1,296,516 $ 16,744 $ 1,231,181 Funded Status: Unfunded benefit obligation $ (21,442) $ (448,058) $ (18,651) $ (270,435) Amounts recognized in balance sheet at year end: Accrued pension benefits $ (21,442) $ (448,058) $ (18,651) $ (270,435) Fiscal 2020 Fiscal 2019 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Pre-tax components in accumulated other comprehensive income at period end: Net actuarial loss $ 10,424 $ 479,554 $ 6,853 $ 270,116 Pre-tax components recognized in other comprehensive income for the period: Current year actuarial loss $ 4,334 $ 211,494 $ 2,532 $ 69,228 Actuarial loss recognized (763) (3,841) (664) (798) Prior service cost — 3,335 — — Prior service cost recognized — (1,550) — (986) Total amount recognized $ 3,571 $ 209,438 $ 1,868 $ 67,444 Accumulated Benefit Obligation $ 38,897 $ 1,744,536 $ 35,395 $ 1,501,589 Salary growth rate n/a 0.8 % n/a 0.8 % Assumed discount rate 2.2 % 1.2 % 3.0 % 2.0 % Expected return on assets 6.0 % 6.2 % 6.0 % 6.2 % The company has engaged non-affiliated third party professional investment advisors to assist the company in developing its investment policy and establishing asset allocations. The company's overall investment objective is to provide a return, that along with company contributions, is expected to meet future benefit payments. Investment policy is established in consideration of anticipated future timing of benefit payments under the plans. The anticipated duration of the investment and the potential for investment losses during that period are carefully weighed against the potential for appreciation when making investment decisions. The company routinely monitors the performance of investments made under the plans and reviews investment policy in consideration of changes made to the plans or expected changes in the timing of future benefit payments. The assets of the plans were invested in the following classes of securities (none of which were securities of the company): U.S. Plans: Target Allocation Percentage of Plan Assets 2020 2019 Equity 48 % 48 % 51 % Fixed income 40 39 37 Money market 4 3 2 Other (real estate investment trusts & commodities contracts) 8 10 10 100 % 100 % 100 % Non-U.S. Plans: Target Allocation Percentage of Plan Assets 2020 2019 Equity 17 % 12 % 22 % Fixed income 38 57 39 Alternatives/Other 32 15 22 Real Estate 13 13 13 Cash and cash equivalents — 3 4 100 % 100 % 100 % In accordance with ASC 820 Fair Value Measurements and Disclosures , the company has measured its defined benefit pension plans at fair value. In accordance with ASU 2015-04, "Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets", the company has elected to measure the pension plan assets and obligations as of the calendar month end closest to the fiscal year end. The following tables summarize the basis used to measure the pension plans’ assets at fair value as of January 2, 2021and December 28, 2019 (in thousands): U.S. Plans: Fiscal 2020 Fiscal 2019 Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Net Asset Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Net Asset Value Short Term Investment Fund (a) $ 533 $ — $ 533 $ 347 $ — $ 347 Equity Securities: Large Cap 3,443 3,443 — 3,957 3,957 — Mid Cap 407 407 — 417 417 — Small Cap 489 489 — 418 418 — International 4,198 4,198 — 3,657 3,657 — Fixed Income: Government/Corporate 5,517 5,517 — 4,992 4,992 — High Yield 1,211 1,211 — 1,260 1,260 — Alternative: Global Real Estate Investment Trust 1,063 1,063 — 1,358 1,358 — Commodities Contracts 594 594 — 338 338 — Total $ 17,455 $ 16,922 $ 533 $ 16,744 $ 16,397 $ 347 (a) Represents collective short term investment fund, composed of high-grade money market instruments with short maturities. Non-U.S. Plans: Fiscal 2020 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 36,537 $ 9,653 $ 832 $ — $ 26,052 Equity Securities: UK 8,615 1,747 — — 6,868 International: Developed 110,718 3,076 — — 107,642 Emerging 34,417 418 — — 33,999 Unquoted/Private Equity 1,792 1 — — 1,791 Fixed Income: Government/Corporate: UK 264,703 16,330 — — 248,373 International 141,030 — — — 141,030 Index Linked 330,360 2,945 — — 327,415 Other 8,296 — — — 8,296 Convertible Bonds 214 — — — 214 Real Estate: Direct 156,588 — 156,588 — — Indirect 9,283 52 4,485 — 4,746 Hedge Fund Strategy: Equity Long/Short 44,097 — — — 44,097 Arbitrage & Event 16,594 — — — 16,594 Directional Trading & Fixed Income 9,721 — — — 9,721 Cash & Other 196,952 — — — 196,952 Direct Sourcing 2,397 — — — 2,397 Leveraged Loans 28,720 — — — 28,720 Alternative/Other (104,518) 5 — — (104,523) Total $ 1,296,516 $ 34,227 $ 161,905 $ — $ 1,100,384 Fiscal 2019 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 44,748 $ 18,142 $ 2,874 $ — $ 23,732 Equity Securities: UK 101,922 88,830 — — 13,092 International: Developed 165,709 13,170 — — 152,539 Emerging 11,653 650 — — 11,003 Unquoted/Private Equity 123 — — — 123 Fixed Income: Government/Corporate: UK 189,513 14,245 2,867 — 172,401 International 86,208 — — — 86,208 Index Linked 189,463 2,085 — — 187,378 Other 6,367 — — — 6,367 Convertible Bonds 177 — — — 177 Real Estate: Direct 154,494 — 154,494 — — Indirect 8,155 137 7,603 — 415 Hedge Fund Strategy: Equity Long/Short 21,683 — — — 21,683 Arbitrage & Event 29,284 — — — 29,284 Directional Trading & Fixed Income 9,361 — — — 9,361 Cash & Other 163,058 — — — 163,058 Direct Sourcing 2,269 — — — 2,269 Leveraged Loans 21,635 — — — 21,635 Alternative/Other 25,359 1 — — 25,358 Total $ 1,231,181 $ 137,260 $ 167,838 $ — $ 926,083 The fair value of the Level 1 assets is based on observable, quoted market prices of the identical underlying security in an active market. The fair value of the Level 2 assets is primarily based on market observable inputs to quoted market prices, benchmark yields and broker/dealer quotes. Level 3 inputs, as applicable, represent unobservable inputs that reflect assumptions developed by management to measure assets at fair value. The expected return on assets is developed in consideration of the anticipated duration of investment period for assets held by the plan, the allocation of assets in the plan, and the historical returns for plan assets. Estimated future benefit payments under the plans are as follows (dollars in thousands): U.S. Non-U.S. 2021 $ 1,794 $ 64,476 2022 1,789 64,905 2023 1,792 65,805 2024 1,807 65,551 2025 through 2030 11,446 402,537 Expected contributions to the U.S. Plans and Non-U.S. Plans to be made in 2021 are $0.6 million and $4.7 million, respectively. (b) Defined Contribution Plans As of January 2, 2021, the company maintained two separate defined contribution 401(k) 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 maintained defined contribution plans for its UK based employees.

Quarterly Data (Unaudited)

Quarterly Data (Unaudited)	12 Months Ended
	Jan. 02, 2021
Quarterly Financial Information Disclosure [Abstract]
Quarterly Data (Unaudited)	QUARTERLY DATA (UNAUDITED) 1 st 2 nd 3 rd 4 th Total Year (dollars in thousands, except per share data) 2020 Net sales $ 677,459 $ 471,977 $ 634,525 $ 729,296 $ 2,513,257 Gross profit 250,190 153,126 222,749 255,983 882,048 Income from operations 105,414 39,118 86,672 93,227 324,431 Net earnings $ 73,779 $ 21,162 $ 60,516 $ 51,837 $ 207,294 Basic earnings per share (1) $ 1.33 $ 0.39 $ 1.10 $ 0.94 $ 3.76 Diluted earnings per share (1) $ 1.33 $ 0.39 $ 1.10 $ 0.94 $ 3.76 2019 Net sales $ 686,802 $ 761,004 $ 724,014 $ 787,626 $ 2,959,446 Gross profit 257,312 286,479 270,028 289,678 1,103,497 Income from operations 101,061 139,607 121,345 152,030 514,043 Net earnings $ 69,013 $ 92,210 $ 82,020 $ 108,997 $ 352,240 Basic earnings per share (1) $ 1.24 $ 1.66 $ 1.47 $ 1.96 $ 6.33 Diluted earnings per share (1) $ 1.24 $ 1.66 $ 1.47 $ 1.96 $ 6.33 (1) Sum of quarters may not equal the total for the year due to changes in the number of shares outstanding during the year.

Restructuring and Acquisition I

Restructuring and Acquisition Integration Initiatives	12 Months Ended
	Jan. 02, 2021
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	RESTRUCTURING AND ACQUISITION INTEGRATION INITIATIVES Commercial Foodservice Equipment Group: During the fiscal years 2020, 2019 and 2018, the company undertook cost reduction initiatives related to the Commercial Foodservice Equipment Group including headcount reductions and facility consolidations. These actions resulted in expenses of $10.1 million, $6.4 million and $3.5 million in the twelve months ended January 2, 2021, December 28, 2019 and December 29, 2018 respectively, primarily for severance related to headcount reductions and facility consolidations. These expenses are reflected in restructuring expenses in the Consolidated Statements of Earnings. The realization of cost savings from the restructuring initiatives began in 2020 with an expected annual savings of approximately $20.0 million. At January 2, 2021, the restructuring obligations accrued for these initiatives are immaterial and will be substantially complete by the end of fiscal year year 2021. Residential Kitchen Equipment Group: During the fiscal years 2020, 2019 and 2018, the company has completed various restructuring initiatives for the AGA Group, including headcount reductions and consolidation and disposition of certain facilities and business operations. During 2018, the company undertook restructuring efforts related to Grange, a non-core business within the AGA Group, and elected to cease its operations. During fiscal 2019 and 2020, the initiatives within the AGA Group were primarily related to headcount reductions. The company recorded expense of $1.6 million, $2.3 million and $15.1 million, respectively in the years ended January 2, 2021, December 28, 2019 and December 29, 2018, respectively. Additionally within the Residential Kitchen Equipment Group, the company incurred restructuring costs, primarily for severance related to headcount reductions and facility consolidations. The company recorded expense of $0.2 million and $1.7 million, respectively in the years ended January 2, 2021 and December 28, 2019, respectively. These expenses are reflected in restructuring expenses in the Consolidated Statements of Earnings and no material future expenses associated with these actions are anticipated. The restructuring obligations accrued for these initiatives are immaterial and will be substantially complete by the end of fiscal year 2021. The costs and corresponding reserve balances for restructuring within the Residential Kitchen Equipment Group are summarized as follows (in thousands): Severance/Benefits Facilities/Operations Other Total Balance as of December 30, 2017 $ 3,698 $ 1,467 $ 157 $ 5,322 Expenses 6,367 3,771 5,001 15,139 Exchange Effect (49) (11) 23 (37) Payments (9,150) (5,171) (4,394) (18,715) Balance as of December 29, 2018 $ 866 $ 56 $ 787 $ 1,709 Expenses 3,766 684 (476) 3,974 Exchange Effect 24 (7) (55) (38) Payments/Utilization (3,990) (632) (256) (4,878) Balance as of December 28, 2019 $ 666 $ 101 $ — $ 767 Expenses 899 907 — 1,806 Exchange Effect — 26 — 26 Payments/Utilization (1,368) (922) — (2,290) Balance as of January 2, 2021 $ 197 $ 112 $ — $ 309

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Jan. 02, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts and Reserves	SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES FOR THE FISCAL YEARS ENDED JANUARY 2, 2021, DECEMBER 28, 2019 AND December 29, 2018 (amounts in thousands) Balance Additions/ Other Adjustments (1) Write-Offs Balance Allowance for doubtful accounts; deducted from accounts receivable on the balance sheets- 2020 $ 14,886 $ 6,868 $ 1,239 $ (3,768) $ 19,225 2019 $ 13,608 $ 1,941 $ 2,009 $ (2,672) $ 14,886 2018 $ 13,182 $ 3,160 $ 1,121 $ (3,855) $ 13,608 (1) Amounts consist primarily of valuation allowances assumed from acquired companies. Balance Additions/ Write-Offs Balance Valuation allowance - Deferred tax assets 2020 $ 7,754 $ 3,977 $ — $ 11,731 2019 $ 26,023 $ 129 $ (18,398) $ 7,754 2018 $ 23,190 $ 2,833 $ — $ 26,023

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jan. 02, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of PresentationThe consolidated financial statements include the accounts of the company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The company's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses as well as related disclosures. Significant items that are subject to such estimates and judgments include allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves and post-retirement obligations. On an ongoing basis, the company evaluates its estimates and assumptions based on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions.
Fiscal Period	The company's fiscal year ends on the Saturday nearest December 31. Fiscal years 2020, 2019, and 2018 ended on January 2, 2021, December 28, 2019 and December 29, 2018, respectively, and included 53, 52 and 52 weeks, respectively.
Cash and Cash Equivalents	Cash and Cash EquivalentsThe company considers all short-term investments with original maturities of three months or less when acquired to be cash equivalents. The company’s policy is to invest its excess cash in interest-bearing deposits with major banks that are subject to minimal credit and market risk.
Accounts Receivable	Accounts ReceivableAccounts receivable, as shown in the consolidated balance sheets, are net of allowances for doubtful accounts of $19.2 million and $14.9 million at January 2, 2021 and December 28, 2019, respectively. At January 2, 2021, all accounts receivable are expected to be collected within one year.
Inventories	InventoriesInventories are composed of material, labor and overhead and are stated at the lower of cost or net realizable value. 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.
Property, Plant and Equipment	Property, plant and equipment are depreciated or amortized on a straight-line basis over their useful lives based on management's estimates of the period over which the assets will be utilized to benefit the operations of the company. The useful lives are estimated based on historical experience with similar assets, taking into account anticipated technological or other changes. The company periodically reviews these lives relative to physical factors, economic factors and industry trends. If there are changes in the planned use of property and equipment or if technological changes were to occur more rapidly than anticipated, the useful lives assigned to these assets may need to be shortened, resulting in the recognition of increased depreciation and amortization expense in future periods. Following is a summary of the estimated useful lives: Description Life Building and improvements 20 to 40 years Furniture and fixtures 3 to 7 years Machinery and equipment 3 to 10 years
Goodwill and Other Intangibles	Goodwill and Other Intangibles The company’s business acquisitions result in the recognition of goodwill and other intangible assets, which are a significant portion of the company’s total assets. Goodwill represents the excess of acquisition costs over the fair value of the net tangible assets and identifiable intangible assets acquired in a business combination. Identifiable intangible assets are recognized separately from goodwill and include trademarks and trade names, technology, customer relationships and other specifically identifiable assets. Trademarks and trade names are deemed to be indefinite-lived. Goodwill and indefinite-lived intangible assets are not amortized, but are subject to impairment testing. The company performs the annual impairment assessment for goodwill and indefinite-lived intangible assets as of first day of the fourth quarter and more frequently if indicators of impairment exist. The goodwill impairment test is performed at the reporting unit level. The company initially performs a qualitative analysis to determine if it is more likely than not that the goodwill balance or indefinite-life intangible asset is impaired. In conducting a qualitative assessment, the company analyzes a variety of events or factors that may influence the fair value of the reporting unit or indefinite-life intangible, including, but not limited to: macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, share price and other relevant factors.
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 such matter will have a material adverse effect on its financial condition, results of operations or cash flows of the company.
Fair Value Measures	Fair Value Measures ASC 820 Fair Value Measurements and Disclosures defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels: Level 1 – Quoted prices in active markets for identical assets or liabilities Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly Level 3 – Unobservable inputs based on our own assumptions
Foreign Currency	Foreign CurrencyThe income statements of the company’s foreign operations are translated at the monthly average rates. Assets and liabilities of the company’s foreign operations are translated at exchange rates at the balance sheet date. These translation adjustments are not included in determining net income for the period but are disclosed and accumulated in a separate component of stockholders’ equity. Exchange gains and losses on foreign currency transactions are included in determining net income for the period in which they occur.
Shipping and Handling Costs	Shipping and Handling CostsFees billed to the customer for shipping and handling are classified as a component of net revenues. Shipping and handling costs are included in cost of products sold.
Warranty Costs	Warranty CostsIn 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, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable.
Research and Development Costs	Research and Development CostsResearch and development costs, included in cost of sales in the consolidated statements of earnings, are charged to expense when incurred.
Non-Cash Share-Based Compensation	The company estimates the fair value of restricted share grants and stock options at the time of grant and recognizes compensation costs over the vesting period of the awards and options.
Earnings Per Share	Earnings Per Share“Basic earnings per share” is calculated based upon the weighted average number of common shares actually outstanding, and “diluted earnings per share” is calculated based upon the weighted average number of common shares outstanding and other dilutive securities.
New Accounting Pronouncements	New Accounting Pronouncements 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 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 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 Consolidated Financial Statements. 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. The company adopted this guidance on December 29, 2019 on a retrospective basis for all periods presented. The adoption of this guidance did not have an impact on the company's 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 Consolidated Financial Statements. Accounting Pronouncements - To be adopted 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 intends to adopt this guidance on January 3, 2021, and does not expect a material impact on the company's Consolidated Financial Statements upon adoption. In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting". Subject to meeting certain criteria, ASU 2020-04 provides optional expedients and exceptions to applying contract modification accounting under existing generally accepted accounting principles, for contracts that are modified to address the expected phase out of the London Inter-bank Offered Rate (“LIBOR”) by the end of 2021. Some of the Company’s contracts with respect to its borrowings and interest rate swap contracts already contain comparable alternative reference rates that would automatically take effect upon the phasing out of LIBOR, while for others, the company anticipates negotiating comparable replacement rates with its counterparties. In January 2021, the FASB issued ASU 2021-01 to provide supplemental guidance and to further clarify the scope. This guidance is effective for all entities from the beginning of an interim period that includes the issuance date of the ASU. An entity may elect to apply the amendments prospectively through December 31, 2022. The company is currently evaluating the impacts the adoption of this guidance will have on its Consolidated Financial Statements. In August 2020, the FASB issued ASU No. 2020-06, “Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging- Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”, which simplifies the accounting for convertible instruments by eliminating the requirement to separate embedded conversion features from the host contract when the conversion features are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital. By removing the separation model, a convertible debt instrument will be reported as a single liability instrument with no separate accounting for embedded conversion features. This new standard also removes certain settlement conditions that are required for contracts to qualify for equity classification and simplifies the diluted earnings per share calculations by requiring that an entity use the if-converted method and that the effect of potential share settlement be included in diluted earnings per share calculations. This guidance is effective for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2021 with early adoption permitted. The amendments are required to be adopted on either a modified retrospective method or a fully retrospective method. Upon adoption, the Company expects a decrease to additional paid in capital, an increase in the carrying value of the Convertible Notes and an increase to retained earnings. After adoption, the Company expects a reduction in its reported interest expense. The company is anticipating early adoption and will continue to evaluate the impact this guidance will have on its Consolidated Financial Statements.

Revenue Recognition (Policies)

Revenue Recognition (Policies)	12 Months Ended
	Jan. 02, 2021
Revenue Recognition [Abstract]
Revenue Recognition	Revenue is recognized when the control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and represents the unit of account. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The company’s contracts can have multiple performance obligations or just a single performance obligation. The company treats shipping and handling activities performed after the customer obtains control of the good as a contract fulfillment activity. The company generally expenses sales commissions when incurred because the amortization period would have been less than one year. These costs are recorded within selling, general and administrative expenses. For contracts with multiple performance obligations, the contracts transaction price is allocated to each performance obligation using the company’s best estimate of the standalone selling price of each distinct good or service in the contract. As the company’s standard payment terms are less than one year, the company does not assess whether a contract has a significant financing component. Sales, use and value added taxes assessed by governmental authorities are excluded from the measurement of the transaction price within the company’s contracts with its customers. The company generally expenses sales commissions when incurred because the amortization period would have been less than one year. These costs are recorded within selling, general and administrative expenses. Within the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups, the estimated standalone selling price of equipment is based on observable prices. Within the Food Processing Equipment Group, the company estimates the standalone selling price based on expected cost to manufacture the good or complete the service plus an appropriate profit margin. Control may pass to the customer over time or at a point in time. 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 our long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. Installation services provided in connection with the delivery of the equipment are also generally recognized as those services are rendered. Over time transfer of control is measured using an appropriate input measure (e.g., costs incurred or direct labor hours incurred in relation to total estimate). These measures include forecasts based on the best information available and therefore reflect the company's judgment to faithfully depict the transfer of the goods. Contract Estimates Accounting for long-term contracts within the Food Processing Equipment group involves the use of various techniques to estimate total contract revenue and costs. For the company’s long-term contracts, estimated profit for the equipment performance obligations is recognized as the equipment is manufactured and assembled. Profit on the equipment performance obligations is estimated as the difference between the total estimated revenue and expected costs to complete a contract. Contract cost estimates are based on labor productivity and availability, the complexity of the work to be performed; the cost and availability of materials and labor, and the performance of subcontractors. The company does not disclose information about remaining performance obligations that have original expected durations of one year or less. Contracts within the Commercial Foodservice and Residential Foodservice Equipment groups may contain variable consideration in the form of volume rebate programs. The company’s estimate of variable consideration is based on its experience with similarly situated customers using the portfolio approach.

Aqcuisitions and Purchase Accou

Aqcuisitions and Purchase Accounting (Tables)	12 Months Ended
	Jan. 02, 2021
Business Acquisition [Line Items]
Schedule of 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): Twelve Months Ended January 2, 2021 December 28, 2019 Net sales $ 2,563,195 $ 3,119,550 Net earnings 213,866 338,343 Net earnings per share: Basic $ 3.88 $ 6.08 Diluted $ 3.88 $ 6.08
Standex
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	: Preliminary Opening Balance Sheet Measurement Adjusted Opening Balance Sheet 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 final allocation of consideration paid for the other 2019 acquisitions is summarized as follows (in thousands): Preliminary Opening Balance Sheet Measurement Adjusted Opening Balance Sheet Cash $ 2,683 $ (10) $ 2,673 Current assets 21,525 920 22,445 Property, plant and equipment 8,920 (166) 8,754 Goodwill 99,838 (11,117) 88,721 Other intangibles 64,019 11,363 75,382 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) (4,129) (10,299) Consideration paid at closing $ 171,803 $ (1,205) $ 170,598 Deferred payments 2,404 — 2,404 Contingent consideration 4,258 3,600 7,858 Net assets acquired and liabilities assumed $ 178,465 $ 2,395 $ 180,860
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 Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 14,647 $ — $ 14,647 Current assets 43,670 (13,674) 29,996 Property, plant and equipment 3,014 (241) 2,773 Goodwill 55,335 1,438 56,773 Other intangibles 63,201 — 63,201 Other assets 6,121 — 6,121 Current liabilities (54,478) 12,477 (42,001) Long-term deferred tax liability (123) — (123) Other non-current liabilities (21,902) — (21,902) Consideration paid at closing $ 109,485 $ — $ 109,485 Deferred payments 8,666 — 8,666 Contingent consideration 16,144 — 16,144 Net assets acquired and liabilities assumed $ 134,295 $ — $ 134,295

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jan. 02, 2021
Accounting Policies [Abstract]
Schedule of Inventory, Current	Inventories at January 2, 2021 and December 28, 2019 are as follows (in thousands): 2020 2019 Raw materials and parts $ 263,200 $ 277,394 Work in process 55,104 58,663 Finished goods 221,894 249,642 $ 540,198 $ 585,699
Property, Plant and Equipment	Property, plant and equipment are carried at cost as follows (in thousands): 2020 2019 Land $ 40,707 $ 43,467 Building and improvements 245,435 229,025 Furniture and fixtures 68,063 67,992 Machinery and equipment 220,148 209,290 574,353 549,774 Less accumulated depreciation (229,871) (197,629) $ 344,482 $ 352,145
Schedule Of Useful Lives For Property Plant Equipment	Following is a summary of the estimated useful lives: Description Life Building and improvements 20 to 40 years Furniture and fixtures 3 to 7 years Machinery and equipment 3 to 10 years
Schedule of Goodwill	Goodwill is allocated to the business segments as follows (in thousands): Commercial Food Residential Kitchen Total Balance as of December 29, 2018 $ 1,102,067 $ 219,054 $ 422,054 $ 1,743,175 Goodwill acquired during the year 81,339 43,613 9,503 134,455 Measurement period adjustments to goodwill acquired in prior year (27,929) (3,722) — (31,651) Exchange effect (1,925) (1,266) 6,959 3,768 Balance as of December 28, 2019 $ 1,153,552 $ 257,679 $ 438,516 $ 1,849,747 Goodwill acquired during the year 56,773 — — 56,773 Measurement period adjustments to goodwill acquired in prior year (56) (8,732) 1,770 (7,018) Exchange effect 18,167 6,851 9,741 34,759 Balance as of January 2, 2021 $ 1,228,436 $ 255,798 $ 450,027 $ 1,934,261
Schedule Of Intangible Assets By Major Class	Intangible assets consist of the following (in thousands): January 2, 2021 December 28, 2019 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer relationships 8.5 $ 735,264 $ (347,029) 9.2 $ 717,397 $ (283,846) Backlog 0.3 34,729 (31,924) 1.3 29,426 (28,283) Developed technology 10.0 56,931 (24,394) 5.2 32,999 (21,378) $ 826,924 $ (403,347) $ 779,822 $ (333,507) Indefinite-lived assets: Trademarks and tradenames $ 1,026,804 $ 997,066
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization expense of intangible assets is as follows (in thousands): 2021 $ 68,413 2022 62,050 2023 56,058 2024 44,587 2025 38,226 2026 and thereafter 154,243 $ 423,577
Schedule of Accrued Liabilities	Accrued expenses consist of the following at January 2, 2021 and December 28, 2019, respectively (in thousands): 2020 2019 Accrued payroll and related expenses $ 93,926 $ 80,621 Contract liabilities 93,871 74,511 Accrued warranty 69,667 66,374 Accrued customer rebates 43,703 51,709 Accrued short-term leases 22,493 21,827 Accrued liabilities held for sale 22,313 — Accrued sales and other tax 22,030 19,862 Accrued interest rate swaps 14,075 — Accrued product liability and workers compensation 12,909 15,164 Accrued professional fees 12,133 13,368 Accrued agent commission 11,105 13,816 Accrued restructuring 2,686 1,121 Other accrued expenses 73,630 58,177 $ 494,541 $ 416,550
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the components of accumulated other comprehensive income (loss) as reported in the consolidated balance sheets (in thousands): 2020 2019 Unrecognized pension benefit costs, net of tax of $(89,059) and $(48,633) $ (400,919) $ (228,336) Unrealized gain on interest rate swap, net of tax of $(13,120) and $(5,973) (37,548) (16,892) Currency translation adjustments (49,961) (105,705) $ (488,428) $ (350,933) Changes in accumulated other comprehensive income (loss) (1) were as follows (in thousands): Currency Translation Adjustment Pension Benefit Costs Unrealized Gain/(Loss) Interest Rate Swap Total 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 7,066 (59,238) (22,880) (75,052) Amounts reclassified from accumulated other comprehensive income — 1,840 (1,256) 584 Net current-period other comprehensive income $ 7,066 $ (57,398) $ (24,125) $ (74,457) Balance as of December 28, 2019 $ (105,705) $ (228,336) $ (16,892) $ (350,933) Other comprehensive income before reclassification 55,744 (174,826) (36,170) (155,252) Amounts reclassified from accumulated other comprehensive income — 2,243 15,514 17,757 Net current-period other comprehensive income $ 55,744 $ (172,583) $ (20,656) $ (137,495) Balance as of January 2, 2021 $ (49,961) $ (400,919) $ (37,548) $ (488,428)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The company’s financial assets and liabilities that are measured at fair value are categorized using the fair value hierarchy at January 2, 2021 and December 28, 2019 are as follows (in thousands): Fair Value Fair Value Fair Value Total As of January 2, 2021 Financial Liabilities: Interest rate swaps $ — $ 51,093 $ — $ 51,093 Contingent consideration $ — $ — $ 25,558 $ 25,558 Foreign exchange derivative contracts $ — $ 2,191 $ — $ 2,191 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
Schedule of Product Warranty Liability	A rollforward of the warranty reserve for the fiscal years 2020 and 2019 are as follows (in thousands): 2020 2019 Beginning balance $ 66,374 $ 59,451 Warranty reserve related to acquisitions 1,485 7,353 Warranty expense 58,047 68,842 Warranty claims paid (56,239) (69,272) Ending balance $ 69,667 $ 66,374

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Jan. 02, 2021
Revenue Recognition [Abstract]
Disaggregation of Revenue	The following table summarizes our net sales by reportable operating segment and geographical location (in thousands): Commercial Food Processing Residential Kitchen Total Twelve Months Ended January 2, 2021 United States and Canada $ 1,067,872 $ 311,042 $ 373,864 $ 1,752,778 Asia 155,742 26,778 6,711 189,231 Europe and Middle East 246,845 78,690 182,919 508,454 Latin America 39,820 20,762 2,212 62,794 Total $ 1,510,279 $ 437,272 $ 565,706 $ 2,513,257 Twelve Months Ended December 28, 2019 United States and Canada $ 1,334,776 $ 246,572 $ 362,753 $ 1,944,101 Asia 221,422 31,250 5,760 258,432 Europe and Middle East 349,613 98,814 198,672 647,099 Latin America 78,534 24,315 6,965 109,814 Total $ 1,984,345 $ 400,951 $ 574,150 $ 2,959,446 Twelve Months Ended December 29, 2018 United States and Canada $ 1,176,006 $ 263,743 $ 366,679 $ 1,806,428 Asia 180,409 36,578 7,155 224,142 Europe and Middle East 315,935 64,666 221,126 601,727 Latin America 57,464 24,607 8,563 90,634 Total $ 1,729,814 $ 389,594 $ 603,523 $ 2,722,931
Contract with Customer, Asset and Liability	The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands): January 2, 2021 December 28, 2019 Contract assets $ 20,328 $ 22,675 Contract liabilities $ 93,871 $ 74,511 Non-current contract liabilities $ 13,523 $ 12,870

Financing Arrangements (Tables)

Financing Arrangements (Tables)	12 Months Ended
	Jan. 02, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	2020 2019 (in thousands) Senior secured revolving credit line $ 755,000 $ 1,869,402 Term loan facility 335,938 — Convertible senior notes 632,847 — Foreign loans 4,421 3,622 Other debt arrangement 1,390 116 Total debt 1,729,596 1,873,140 Less: Current maturities of long-term debt 22,944 2,894 Long-term debt $ 1,706,652 $ 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 excluding the Convertible Notes is as follows (in thousands): Jan 2, 2021 Dec 28, 2019 Carrying Value Fair Value Carrying Value Fair Value Total debt excluding convertible senior notes $ 1,096,749 $ 1,096,749 $ 1,873,140 $ 1,873,140
Convertible Debt	The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes: Jan 2, 2021 (in thousands) Principal amounts: Principal $ 747,500 Unamortized debt discount (114,653) Net carrying amount $ 632,847
Schedule of Debt Instruments, Interest Expense	The following table summarizes total interest expense recognized related to the Convertible Notes: Twelve Months Ended Jan 2, 2021 Contractual interest expense $ 2,720 Interest cost related to amortization of the debt discount and issuance costs 7,971 Total interest expense $ 10,691
Schedule of Maturities of Long-term Debt	2021 $ 22,944 2022 19,261 2023 19,056 2024 19,069 2025 and thereafter 1,649,266 $ 1,729,596

Common and Preferred Stock (Tab

Common and Preferred Stock (Tables)	12 Months Ended
	Jan. 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	A summary of the company’s nonvested restricted share grant activity and their corresponding fair value on the date of grant for fiscal years ended January 2, 2021 and December 28, 2019 is as follows: Shares Weighted Nonvested shares at December 29, 2018 125,842 $ 103.29 Granted 537,059 113.26 Vested (135,816) 105.81 Forfeited — — Nonvested shares at December 28, 2019 527,085 $ 112.60 Granted 389,993 57.74 Vested (476,261) 68.54 Forfeited (7,752) 66.01 Nonvested shares at January 2, 2021 433,065 $ 112.54
Schedule of Unvested Restricted Stock Units Roll Forward	A summary of the company’s nonvested restricted stock unit activity and their corresponding fair value (based upon the Monte Carlo Methodology) on the date of grant for fiscal years ended January 2, 2021 is as follows: Units Weighted Nonvested shares at December 28, 2019 — $ — Granted 95,000 135.31 Vested — — Forfeited — — Nonvested shares at January 2, 2021 95,000 $ 135.31

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jan. 02, 2021
Income Tax Disclosure [Abstract]
Schedule of Earnings Before Taxes	Earnings before taxes is summarized as follows (in thousands): 2020 2019 2018 Domestic $ 178,813 $ 336,688 $ 328,870 Foreign 89,244 125,931 94,643 Total $ 268,057 $ 462,619 $ 423,513
Schedule of Provision of Taxes	The provision for income taxes is summarized as follows (in thousands): 2020 2019 2018 Federal $ 36,908 $ 69,074 $ 66,359 State and local 8,815 16,203 16,035 Foreign 15,040 25,102 23,967 Total $ 60,763 $ 110,379 $ 106,361 Current $ 44,342 $ 88,167 $ 85,872 Deferred 16,421 22,212 20,489 Total $ 60,763 $ 110,379 $ 106,361
Schedule of Effective Income Tax Reconciliation	Reconciliation of the differences between income taxes computed at the federal statutory rate to the effective rate are as follows: 2020 2019 2018 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 3.2 3.2 3.0 Permanent differences (0.4) 0.6 0.2 Foreign income tax rate at rates other than U.S. statutory 0.5 0.2 1.3 Deferred tax changes (0.7) — 0.2 Tax Cuts and Jobs Act of 2017 transition tax — — (0.1) Change in valuation allowances (1) (0.1) 0.1 (0.5) Tax on unremitted earnings 1.2 0.3 — Other (2.0) (1.5) — Consolidated effective tax 22.7 % 23.9 % 25.1 %
Schedule of Deferred Assets and Liabilities	At January 2, 2021 and December 28, 2019, the company had recorded the following deferred tax assets and liabilities (in thousands): 2020 2019 Deferred tax assets: Compensation related $ 12,328 $ 4,744 Pension and post-retirement benefits 88,709 48,716 Inventory reserves 14,732 15,166 Accrued liabilities and reserves 22,049 17,321 Warranty reserves 17,890 16,550 Operating lease liability 16,180 17,521 Interest rate swaps 12,997 6,075 Net operating loss carryforwards 20,747 17,873 Other 17,187 16,504 Gross deferred tax assets 222,819 160,470 Valuation allowance (11,731) (7,754) Deferred tax assets $ 211,088 $ 152,716 Deferred tax liabilities: Intangible assets $ (226,598) $ (203,721) Depreciable assets (26,916) (18,020) Operating lease right-of-use assets (15,921) (17,542) Other (12,825) (10,001) Deferred tax liabilities $ (282,260) $ (249,284) Net deferred tax assets (liabilities) $ (71,172) $ (96,568) Long-term deferred asset 76,052 36,932 Long-term deferred liability (147,224) (133,500) Net deferred tax assets (liabilities) $ (71,172) $ (96,568)
Schedule of Unrecognized Tax Benefits	The following table summarizes the activity related to the unrecognized tax benefits for the fiscal years ended December 29, 2018, December 28, 2019 and January 2, 2021 (in thousands): Balance at December 29, 2018 $ 31,912 Increases to current year tax positions 4,216 Increase to prior year tax positions 254 Lapse of statute of limitations (4,823) Balance at December 28, 2019 $ 31,559 Increases to current year tax positions 3,657 Increase to prior year tax positions 183 Settlements and other adjustments (586) Lapse of statute of limitations (4,484) Balance at January 2, 2021 $ 30,329

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Jan. 02, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	A summary of the company’s interest rate swaps is as follows (in thousands): Twelve Months Ended Location Jan 2, 2021 Dec 28, 2019 Fair value Other assets $ — $ 1,830 Fair value Accrued expenses $ 14,075 $ — Fair value Other non-current liabilities $ 37,018 $ 25,120 Amount of gain/(loss) recognized in other comprehensive income Other comprehensive income $ (43,317) $ (31,396) Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (15,514) $ 1,256

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Jan. 02, 2021
Leases [Abstract]
Operating Leases	Leases (in thousands) January 2, 2021 December 28, 2019 Operating lease right-of-use assets $ 97,193 $ 96,655 Operating Lease Liability: Current 22,493 21,827 Non-current 76,529 75,018 Total Liability $ 99,022 $ 96,845
Total Lease Commitments	Total Lease Commitments (in thousands) Operating Leases 2021 $ 24,675 2022 21,230 2023 16,650 2024 13,214 2025 9,315 2026 and thereafter 23,446 Total future lease commitments 108,530 Less imputed interest 9,508 Total $ 99,022
Other Lease Information	Other Lease Information (in thousands, except lease term and discount rate) Twelve Months Ended January 2, 2021 Twelve Months Ended December 28, 2019 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 26,024 $ 24,794 Right-of-use assets obtained in exchange for lease obligations: Operating leases 25,433 25,306 January 2, 2021 December 28, 2019 Weighted-average remaining lease terms leases - Operating 6.0 years 6.3 years Weighted-average discount rate - Operating 3.0 % 3.4 %

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jan. 02, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table summarizes the results of operations for the company’s business segments( 1 ) (dollars in thousands): Commercial Food Residential Kitchen Corporate and Other (2) Total 2020 Net sales $ 1,510,279 $ 437,272 $ 565,706 $ — $ 2,513,257 Operating income (3,4) 239,625 78,008 67,046 (60,248) 324,431 Depreciation expense 21,768 5,507 11,691 120 39,086 Amortization expense (5) 51,985 7,319 9,657 2,485 71,446 Net capital expenditures 25,463 3,427 4,801 1,158 34,849 Total assets 3,249,441 617,171 1,221,229 114,633 5,202,474 Long-lived assets (6) 279,481 55,069 192,940 19,849 547,339 2019 Net sales $ 1,984,345 $ 400,951 $ 574,150 $ — $ 2,959,446 Operating income (3,4) 429,946 68,935 89,312 (74,150) 514,043 Depreciation expense 21,054 4,944 11,742 112 37,852 Amortization expense (5) 45,906 8,162 9,896 1,612 65,576 Net capital expenditures 29,353 6,683 9,168 1,405 46,609 Total assets 3,188,304 621,619 1,157,211 35,009 5,002,143 Long-lived assets (6) 261,466 57,403 176,834 4,116 499,819 2018 Net sales $ 1,729,814 $ 389,594 $ 603,523 $ — $ 2,722,931 Operating income (3) 393,380 62,435 53,959 (63,808) 445,966 Depreciation expense 17,374 5,207 12,838 363 35,782 Amortization expense (5) 35,224 7,527 17,226 1,479 61,456 Net capital expenditures 17,444 7,373 11,721 (498) 36,040 Total assets 2,906,373 513,189 1,089,103 41,116 4,549,781 Long-lived assets (6) 181,636 33,127 146,897 22,328 383,988 (1) Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. (2) Includes corporate and other general company assets and operations. (3) Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 13 for further details. (4) Gain on litigation settlement is included in Residential Kitchen and gain on sale of plant is included in Commercial Foodservice. (5) Includes amortization of deferred financing costs. (6) Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets.
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): 2020 2019 2018 United States and Canada $ 331,688 $ 305,207 $ 262,482 Asia 28,018 22,312 12,136 Europe and Middle East 181,242 165,781 108,001 Latin America 6,391 6,519 1,369 Total International 215,651 194,612 121,506 $ 547,339 $ 499,819 $ 383,988

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	12 Months Ended
	Jan. 02, 2021
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	A summary of the plans’ net periodic pension cost, benefit obligations, funded status, and net balance sheet position is as follows (dollars in thousands) Fiscal 2020 Fiscal 2019 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net Periodic Pension Cost (Benefit): Service cost $ — $ 2,581 $ — $ 2,457 Interest cost 1,043 25,966 1,253 33,490 Expected return on assets (999) (72,795) (868) (67,542) Amortization of net loss 763 3,449 664 721 Amortization of prior service cost — 2,577 — 2,560 Curtailment loss — 14,682 — 865 $ 807 $ (23,540) $ 1,049 $ (27,449) Change in Benefit Obligation: Benefit obligation – beginning of year $ 35,395 $ 1,501,616 $ 31,559 $ 1,377,575 Service cost — 2,581 — 2,457 Prior service cost — 2,309 — — Interest on benefit obligations 1,043 25,966 1,253 33,490 Member contributions — 312 — 313 Actuarial loss 4,146 186,945 4,173 102,377 Net benefit payments (1,687) (62,878) (1,590) (62,355) Curtailment loss — 14,682 — 865 Exchange effect — 73,041 — 46,894 Benefit obligation – end of year $ 38,897 $ 1,744,574 $ 35,395 $ 1,501,616 Change in Plan Assets: Plan assets at fair value – beginning of year $ 16,744 $ 1,231,181 $ 14,634 $ 1,141,381 Company contributions 1,587 5,745 1,191 5,934 Investment gain 811 69,824 2,509 107,368 Member contributions — 312 — 313 Benefit payments and plan expenses (1,687) (62,878) (1,590) (62,355) Exchange effect — 52,332 — 38,540 Plan assets at fair value – end of year $ 17,455 $ 1,296,516 $ 16,744 $ 1,231,181 Funded Status: Unfunded benefit obligation $ (21,442) $ (448,058) $ (18,651) $ (270,435) Amounts recognized in balance sheet at year end: Accrued pension benefits $ (21,442) $ (448,058) $ (18,651) $ (270,435) Fiscal 2020 Fiscal 2019 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Pre-tax components in accumulated other comprehensive income at period end: Net actuarial loss $ 10,424 $ 479,554 $ 6,853 $ 270,116 Pre-tax components recognized in other comprehensive income for the period: Current year actuarial loss $ 4,334 $ 211,494 $ 2,532 $ 69,228 Actuarial loss recognized (763) (3,841) (664) (798) Prior service cost — 3,335 — — Prior service cost recognized — (1,550) — (986) Total amount recognized $ 3,571 $ 209,438 $ 1,868 $ 67,444 Accumulated Benefit Obligation $ 38,897 $ 1,744,536 $ 35,395 $ 1,501,589 Salary growth rate n/a 0.8 % n/a 0.8 % Assumed discount rate 2.2 % 1.2 % 3.0 % 2.0 % Expected return on assets 6.0 % 6.2 % 6.0 % 6.2 %
Schedule of Allocation of Plan Assets	The assets of the plans were invested in the following classes of securities (none of which were securities of the company): U.S. Plans: Target Allocation Percentage of Plan Assets 2020 2019 Equity 48 % 48 % 51 % Fixed income 40 39 37 Money market 4 3 2 Other (real estate investment trusts & commodities contracts) 8 10 10 100 % 100 % 100 % Non-U.S. Plans: Target Allocation Percentage of Plan Assets 2020 2019 Equity 17 % 12 % 22 % Fixed income 38 57 39 Alternatives/Other 32 15 22 Real Estate 13 13 13 Cash and cash equivalents — 3 4 100 % 100 % 100 %
Pension Plans Fair Value Of Investments	The following tables summarize the basis used to measure the pension plans’ assets at fair value as of January 2, 2021and December 28, 2019 (in thousands): U.S. Plans: Fiscal 2020 Fiscal 2019 Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Net Asset Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Net Asset Value Short Term Investment Fund (a) $ 533 $ — $ 533 $ 347 $ — $ 347 Equity Securities: Large Cap 3,443 3,443 — 3,957 3,957 — Mid Cap 407 407 — 417 417 — Small Cap 489 489 — 418 418 — International 4,198 4,198 — 3,657 3,657 — Fixed Income: Government/Corporate 5,517 5,517 — 4,992 4,992 — High Yield 1,211 1,211 — 1,260 1,260 — Alternative: Global Real Estate Investment Trust 1,063 1,063 — 1,358 1,358 — Commodities Contracts 594 594 — 338 338 — Total $ 17,455 $ 16,922 $ 533 $ 16,744 $ 16,397 $ 347 (a) Represents collective short term investment fund, composed of high-grade money market instruments with short maturities. Non-U.S. Plans: Fiscal 2020 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 36,537 $ 9,653 $ 832 $ — $ 26,052 Equity Securities: UK 8,615 1,747 — — 6,868 International: Developed 110,718 3,076 — — 107,642 Emerging 34,417 418 — — 33,999 Unquoted/Private Equity 1,792 1 — — 1,791 Fixed Income: Government/Corporate: UK 264,703 16,330 — — 248,373 International 141,030 — — — 141,030 Index Linked 330,360 2,945 — — 327,415 Other 8,296 — — — 8,296 Convertible Bonds 214 — — — 214 Real Estate: Direct 156,588 — 156,588 — — Indirect 9,283 52 4,485 — 4,746 Hedge Fund Strategy: Equity Long/Short 44,097 — — — 44,097 Arbitrage & Event 16,594 — — — 16,594 Directional Trading & Fixed Income 9,721 — — — 9,721 Cash & Other 196,952 — — — 196,952 Direct Sourcing 2,397 — — — 2,397 Leveraged Loans 28,720 — — — 28,720 Alternative/Other (104,518) 5 — — (104,523) Total $ 1,296,516 $ 34,227 $ 161,905 $ — $ 1,100,384 Fiscal 2019 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 44,748 $ 18,142 $ 2,874 $ — $ 23,732 Equity Securities: UK 101,922 88,830 — — 13,092 International: Developed 165,709 13,170 — — 152,539 Emerging 11,653 650 — — 11,003 Unquoted/Private Equity 123 — — — 123 Fixed Income: Government/Corporate: UK 189,513 14,245 2,867 — 172,401 International 86,208 — — — 86,208 Index Linked 189,463 2,085 — — 187,378 Other 6,367 — — — 6,367 Convertible Bonds 177 — — — 177 Real Estate: Direct 154,494 — 154,494 — — Indirect 8,155 137 7,603 — 415 Hedge Fund Strategy: Equity Long/Short 21,683 — — — 21,683 Arbitrage & Event 29,284 — — — 29,284 Directional Trading & Fixed Income 9,361 — — — 9,361 Cash & Other 163,058 — — — 163,058 Direct Sourcing 2,269 — — — 2,269 Leveraged Loans 21,635 — — — 21,635 Alternative/Other 25,359 1 — — 25,358 Total $ 1,231,181 $ 137,260 $ 167,838 $ — $ 926,083
Schedule of Expected Benefit Payments	Estimated future benefit payments under the plans are as follows (dollars in thousands): U.S. Non-U.S. 2021 $ 1,794 $ 64,476 2022 1,789 64,905 2023 1,792 65,805 2024 1,807 65,551 2025 through 2030 11,446 402,537

Quarterly Data (Unaudited) (Tab

Quarterly Data (Unaudited) (Tables)	12 Months Ended
	Jan. 02, 2021
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	1 st 2 nd 3 rd 4 th Total Year (dollars in thousands, except per share data) 2020 Net sales $ 677,459 $ 471,977 $ 634,525 $ 729,296 $ 2,513,257 Gross profit 250,190 153,126 222,749 255,983 882,048 Income from operations 105,414 39,118 86,672 93,227 324,431 Net earnings $ 73,779 $ 21,162 $ 60,516 $ 51,837 $ 207,294 Basic earnings per share (1) $ 1.33 $ 0.39 $ 1.10 $ 0.94 $ 3.76 Diluted earnings per share (1) $ 1.33 $ 0.39 $ 1.10 $ 0.94 $ 3.76 2019 Net sales $ 686,802 $ 761,004 $ 724,014 $ 787,626 $ 2,959,446 Gross profit 257,312 286,479 270,028 289,678 1,103,497 Income from operations 101,061 139,607 121,345 152,030 514,043 Net earnings $ 69,013 $ 92,210 $ 82,020 $ 108,997 $ 352,240 Basic earnings per share (1) $ 1.24 $ 1.66 $ 1.47 $ 1.96 $ 6.33 Diluted earnings per share (1) $ 1.24 $ 1.66 $ 1.47 $ 1.96 $ 6.33 (1) Sum of quarters may not equal the total for the year due to changes in the number of shares outstanding during the year.

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Jan. 02, 2021
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs [Table Text Block]	The costs and corresponding reserve balances for restructuring within the Residential Kitchen Equipment Group are summarized as follows (in thousands): Severance/Benefits Facilities/Operations Other Total Balance as of December 30, 2017 $ 3,698 $ 1,467 $ 157 $ 5,322 Expenses 6,367 3,771 5,001 15,139 Exchange Effect (49) (11) 23 (37) Payments (9,150) (5,171) (4,394) (18,715) Balance as of December 29, 2018 $ 866 $ 56 $ 787 $ 1,709 Expenses 3,766 684 (476) 3,974 Exchange Effect 24 (7) (55) (38) Payments/Utilization (3,990) (632) (256) (4,878) Balance as of December 28, 2019 $ 666 $ 101 $ — $ 767 Expenses 899 907 — 1,806 Exchange Effect — 26 — 26 Payments/Utilization (1,368) (922) — (2,290) Balance as of January 2, 2021 $ 197 $ 112 $ — $ 309

Nature of Operations (Details)

Nature of Operations (Details)	12 Months Ended
	Jan. 02, 2021segment
Regulatory Assets [Line Items]
Number of operating segments	3
United States
Regulatory Assets [Line Items]
Number of manufacturing plants	40
International
Regulatory Assets [Line Items]
Number of manufacturing plants	29

Acquisitions and Purchase Accou

Acquisitions and Purchase Accounting Acquisition and Purchase Accounting - Cooking Solutions Group (Details) - USD ($) $ in Thousands	Apr. 01, 2019	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 79,003	$ 281,058	$ 1,197,984
Goodwill		1,934,261	1,849,747	1,743,175
Standex
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, 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
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	11,600
Standex | Previously Reported
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
Standex | 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		$ 1,228,436	$ 1,153,552	$ 1,102,067
Commercial Foodservice Equipment Group | Trade Names | Standex
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 | Standex
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 | Standex
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_2

Acquisitions and Purchase Accounting Acquisition and Purchase Accounting - Other 2019 Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Business Acquisition [Line Items]
Goodwill	$ 1,934,261	$ 1,849,747	$ 1,743,175
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	22,445
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	8,754
Goodwill	88,721
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	75,382
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	(10,299)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	170,598
Business Combination, Deferred Payments, Liability	2,404
Business Combination, Contingent Consideration, Liability	7,858
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	180,860
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	1,000
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	2,716
Business Acquisition, Goodwill, Expected Tax Deductible Amount	77,900
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	64,800
Deferred Tax Assets, Tax Deferred Expense, Other	800
Business Combinations, Deferred Tax Assets, Operating Loss Carryforwards	2,900
2019 acquisitions | Previously Reported
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, 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
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	1,288
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	920
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(166)
Goodwill	(11,117)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	11,363
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	(4,129)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	(1,205)
Business Combination, Deferred Payments, Liability	0
Business Combination, Contingent Consideration, Liability	3,600
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	2,395
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	1,428
2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	14,647
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	29,996
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	2,773
Goodwill	56,773
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	63,201
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	6,121
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(42,001)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(21,902)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	109,485
Business Combination, Deferred Payments, Liability	8,666
Business Combination, Contingent Consideration, Liability	16,144
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	134,295
Business Acquisition, Goodwill, Expected Tax Deductible Amount	20,000
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	63,200
2020 Acquisitions | Previously Reported
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	14,647
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	43,670
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	3,014
Goodwill	55,335
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	63,201
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	6,121
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(54,478)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(21,902)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	109,485
Business Combination, Deferred Payments, Liability	8,666
Business Combination, Contingent Consideration, Liability	16,144
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	134,295
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	(13,674)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(241)
Goodwill	1,438
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	12,477
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
Customer Relationships | 2019 acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	27,900
Customer Relationships | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	14,000
Developed Technology Rights | 2019 acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	12,300
Developed Technology Rights | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	20,700
Backlog | 2019 acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1,400
Backlog | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 5,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Tradenames And Trademarks | 2019 acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 33,800
Tradenames And Trademarks | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	23,100
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	1,228,436	1,153,552	1,102,067
Commercial Foodservice Equipment Group | 2019 acquisitions
Business Acquisition [Line Items]
Goodwill	42,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	35,500
Commercial Foodservice Equipment Group | 2020 Acquisitions
Business Acquisition [Line Items]
Goodwill	56,800
Food Processing Group
Business Acquisition [Line Items]
Goodwill	255,798	257,679	219,054
Food Processing Group | 2019 acquisitions
Business Acquisition [Line Items]
Goodwill	34,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	30,100
Residential Kitchen
Business Acquisition [Line Items]
Goodwill	450,027	$ 438,516	$ 422,054
Residential Kitchen | 2019 acquisitions
Business Acquisition [Line Items]
Goodwill	11,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 9,800
Maximum | Customer Relationships | 2019 acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Maximum | Customer Relationships | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Maximum | Developed Technology Rights | 2019 acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
Maximum | Developed Technology Rights | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
Maximum | Backlog | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 months
Minimum | Customer Relationships | 2019 acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Minimum | Developed Technology Rights | 2019 acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Minimum | Developed Technology Rights | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Minimum | Backlog | 2019 acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months

Acquisitions and Purchase Acc_3

Acquisitions and Purchase Accounting - Other 2020 Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Business Acquisition [Line Items]
Goodwill	$ 1,934,261	$ 1,849,747	$ 1,743,175
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	1,228,436	$ 1,153,552	$ 1,102,067
2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	14,647
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	29,996
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	2,773
Goodwill	56,773
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	63,201
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	6,121
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(42,001)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(123)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(21,902)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	109,485
Business Combination, Contingent Consideration, Liability	16,144
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	134,295
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	63,200
Business Acquisition, Goodwill, Expected Tax Deductible Amount	20,000
Business Combination, Deferred Payments, Liability	8,666
2020 Acquisitions | Previously Reported
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	14,647
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	43,670
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	3,014
Goodwill	55,335
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	63,201
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	6,121
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(54,478)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(123)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(21,902)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	109,485
Business Combination, Contingent Consideration, Liability	16,144
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	134,295
Business Combination, Deferred Payments, Liability	8,666
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	(13,674)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(241)
Goodwill	1,438
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	12,477
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	0
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, Contingent Consideration, Liability	0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	0
Business Combination, Deferred Payments, Liability	0
2020 Acquisitions | Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	56,800
2020 Acquisitions | Tradenames And Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	23,100
2020 Acquisitions | Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 14,000
2020 Acquisitions | Customer Relationships | Maximum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2020 Acquisitions | Developed Technology Rights
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 20,700
2020 Acquisitions | Developed Technology Rights | Maximum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
2020 Acquisitions | Developed Technology Rights | Minimum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2020 Acquisitions | Backlog
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 5,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
2020 Acquisitions | Backlog | Maximum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 months

Acquisitions and Purchase Acc_4

Acquisitions and Purchase Accounting - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net sales	$ 2,563,195	$ 3,119,550
Net earnings	$ 213,866	$ 338,343
Basic	$ 3.88	$ 6.08
Diluted	$ 3.88	$ 6.08

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - shares	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Accounting Policies [Abstract]
Weighted average number diluted shares outstanding (shares)	43,000	9,000	28,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($) $ in Thousands	Jan. 02, 2021	Dec. 28, 2019
Accounting Policies [Abstract]
Allowance for Doubtful Accounts Receivable, Current	$ 19,225	$ 14,886

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Inventories (Details) - USD ($) $ in Thousands	Jan. 02, 2021	Dec. 28, 2019
Accounting Policies [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 263,200	$ 277,394
Inventory, Work in Process, Net of Reserves	55,104	58,663
Inventory, Finished Goods, Net of Reserves	221,894	249,642
Inventory, Net	$ 540,198	$ 585,699

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Property Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Accounting Policies [Abstract]
Land	$ 40,707	$ 43,467
Building and improvements	245,435	229,025
Furniture and fixtures	68,063	67,992
Machinery and equipment	220,148	209,290
Property, pland and equipment, gross	574,353	549,774
Less accumulated depreciation	(229,871)	(197,629)
Property, plant and equipment, net	344,482	352,145
Depreciation	$ 39,086	$ 37,852	$ 35,782

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives (Details)	12 Months Ended
	Jan. 02, 2021
Minimum | Building and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Minimum | Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Minimum | Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Maximum | Building and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Maximum | Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	7 years
Maximum | Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Changes in the Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019
Goodwill [Roll Forward]
Goodwill, Impairment Loss	$ 0
Goodwill, Impaired, Accumulated Impairment Loss	0
Balance beginning of period	1,849,747	$ 1,743,175
Goodwill, Acquired During Period	56,773	134,455
Measurement period adjustments to goodwill acquired in prior year	(7,018)	(31,651)
Goodwill Translation Accounting Adjustments	(34,759)	(3,768)
Balance end of period	1,934,261	1,849,747
Commercial Foodservice Equipment Group
Goodwill [Roll Forward]
Balance beginning of period	1,153,552	1,102,067
Goodwill, Acquired During Period	56,773	81,339
Measurement period adjustments to goodwill acquired in prior year	(56)	(27,929)
Goodwill Translation Accounting Adjustments	(18,167)	1,925
Balance end of period	1,228,436	1,153,552
Food Processing Group
Goodwill [Roll Forward]
Balance beginning of period	257,679	219,054
Goodwill, Acquired During Period	0	43,613
Measurement period adjustments to goodwill acquired in prior year	(8,732)	(3,722)
Goodwill Translation Accounting Adjustments	(6,851)	1,266
Balance end of period	255,798	257,679
Residential Kitchen
Goodwill [Roll Forward]
Balance beginning of period	438,516	422,054
Goodwill, Acquired During Period	0	9,503
Measurement period adjustments to goodwill acquired in prior year	1,770	0
Goodwill Translation Accounting Adjustments	(9,741)	(6,959)
Balance end of period	$ 450,027	$ 438,516

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 826,924	$ 779,822
Finite-Lived Intangible Assets, Accumulated Amortization	(403,347)	(333,507)
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	11,600
Indefinite-Lived Intangible Assets, Carrying Value	90,000
Finite-Lived Intangible Assets, Amortization Expense	69,000	$ 64,000	$ 60,000
Commercial Foodservice Equipment Group
Finite-Lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	5,300
Food Processing Group
Finite-Lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	5,400
Residential Kitchen
Finite-Lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 900
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Estimated Weighted Avg Remaining LIfe	8 years 6 months	9 years 2 months 12 days
Gross Carrying amount	$ 735,264	$ 717,397
Finite-Lived Intangible Assets, Accumulated Amortization	$ (347,029)	$ (283,846)
Service Backlog
Finite-Lived Intangible Assets [Line Items]
Estimated Weighted Avg Remaining LIfe	3 months 18 days	1 year 3 months 18 days
Gross Carrying amount	$ 34,729	$ 29,426
Finite-Lived Intangible Assets, Accumulated Amortization	$ (31,924)	$ (28,283)
Developed Technology Rights
Finite-Lived Intangible Assets [Line Items]
Estimated Weighted Avg Remaining LIfe	10 years	5 years 2 months 12 days
Gross Carrying amount	$ 56,931	$ 32,999
Finite-Lived Intangible Assets, Accumulated Amortization	(24,394)	(21,378)
Tradenames And Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,026,804	$ 997,066
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	20.00%

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Estimated Future Amortization Expense of Intagible Assets (Details) $ in Thousands	Jan. 02, 2021USD ($)
Accounting Policies [Abstract]
2020	$ 68,413
2021	62,050
2022	56,058
2023	44,587
2024	38,226
2026 and thereafter	154,243
Future amortization expense, net	$ 423,577

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 02, 2021	Dec. 28, 2019
Accrued Expenses [Line Items]
Accrued payroll and related expenses	$ 93,926	$ 80,621
Contract liabilities	93,871	74,511
Accrued warranty	69,667	66,374
Accrued customer rebates	43,703	51,709
Accrued liabilities held for sale	22,313	0
Accrued sales and other tax	22,030	19,862
Accrued interest rate swaps	14,075	0
Accrued product liability and workers compensation	12,909	15,164
Accrued professional fees	12,133	13,368
Accrued agent commission	11,105	13,816
Accrued restructuring	2,686	1,121
Other accrued expenses	73,630	58,177
Accrued expenses	494,541	416,550
Accrued Liabilities
Accrued Expenses [Line Items]
Accrued short-term leases	$ 22,493	$ 21,827

Summary of Significant Accou_13

Summary of Significant Accounting Policies - Summary of Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	$ 400,919	$ 228,336
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	(37,548)	(16,892)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(49,961)	(105,705)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(488,428)	(350,933)	$ (276,476)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(155,252)	(75,052)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	17,757	584
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(137,495)	(74,457)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	(89,059)	(48,633)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	(13,120)	(5,973)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	(40,400)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	(7,100)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(49,961)	(105,705)	(112,771)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	55,744	7,066
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), before Reclassifications, before Tax	55,744	7,066
Accumulated Defined Benefit Plans Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(400,919)	(228,336)	(170,938)
Adoption of ASU 2017-12		500
Pension liability adjustment, net of tax	(174,826)	(59,238)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,243	1,840
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(172,583)	(57,398)
Interest Rate Swap | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(37,548)	(16,892)	$ 7,233
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(36,170)	(22,880)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	15,514	(1,256)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ (20,656)	(24,125)
Accounting Standards Update 2017-12
Accumulated Other Comprehensive Income (Loss) [Line Items]
Adoption of ASU 2017-12		11
Accounting Standards Update 2017-12 | Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Adoption of ASU 2017-12		0
Accounting Standards Update 2017-12 | Accumulated Defined Benefit Plans Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Adoption of ASU 2017-12		0
Accounting Standards Update 2017-12 | Interest Rate Swap | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Adoption of ASU 2017-12		$ 11

Summary of Significant Accou_14

Summary of Significant Accounting Policies - Financial Assets and Liabilities that are Measured At Fair Value and are Categorized Using Fair Value Heirarchy (Details) - Fair Value, Measurements, Recurring - USD ($)	Jan. 02, 2021	Dec. 28, 2019
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets		$ 1,830,000
Financial Liabilities	$ 51,093,000	25,120,000
Interest Rate Swap | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets		0
Financial Liabilities	0	0
Interest Rate Swap | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets		1,830,000
Financial Liabilities	51,093,000	25,120,000
Interest Rate Swap | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets		0
Financial Liabilities	0	0
Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	25,558,000	6,697,000
Contingent Consideration | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	0	0
Contingent Consideration | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	0	0
Contingent Consideration | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	25,558,000	6,697,000
Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	2,191,000	901,000
Foreign Exchange Forward | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	0	0
Foreign Exchange Forward | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	2,191,000	901,000
Foreign Exchange Forward | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	$ 0	$ 0

Summary of Significant Accou_15

Summary of Significant Accounting Policies - Foreign Currency (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Accounting Policies [Abstract]
Foreign Currency Transaction Gain (Loss), before Tax	$ 2.9	$ 0.9	$ (2.6)

Summary of Significant Accou_16

Summary of Significant Accounting Policies - Rollforward of the Warranty Reserve (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 66,374	$ 59,451
Warranty reserve related to acquisitions	1,485	7,353
Warranty expense	58,047	68,842
Warranty claims paid	(56,239)	(69,272)
Ending balance	$ 69,667	$ 66,374

Summary of Significant Accou_17

Summary of Significant Accounting Policies - Research and Development Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Accounting Policies [Abstract]
Research and Development Expense	$ 35.3	$ 41.2	$ 35.3

Summary of Significant Accou_18

Summary of Significant Accounting Policies - Non-Cash Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation	$ 44,300
Share-based Compensation	19,613	$ 8,133	$ 2,497
Tax benefit	$ 2,700	$ 500	$ 100
Weighted average life	1 year 2 months 26 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	389,993	537,059
Fair value of grants issued during the period	$ 22,500	$ 60,800
Grant awards, fair value per share at date of grant (usd per share)	$ 57.74	$ 113.26
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation	$ 10,700
Restricted Stock Units, Outstanding, Weighted Average Remaining Contractual Terms	2 years 2 months 4 days
Grant awards, fair value per share at date of grant (usd per share)	$ 135.31

Summary of Significant Accou_19

Summary of Significant Accounting Policies - Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Accounting Policies [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities	$ 65.6	$ 80.9	$ 55.3
Income Taxes Paid	$ 41.2	$ 91.5	$ 79

Revenue Recognition Effect of A

Revenue Recognition Effect of Adopting ASC 606 (Details) - Cumulative Effect, Period of Adoption, Adjustment - USD ($) $ in Thousands		Dec. 29, 2018	Dec. 31, 2017
Effect of Adopting ASC 606 [Line Items]
Adoption of ASU		$ (100)	$ 1,100
Accounting Standards Update 2014-09
Effect of Adopting ASC 606 [Line Items]
Adoption of ASU	[1]		$ (4,405)
[1]	As of December 31, 2017, the company adopted ASU No. 2014-09, Revenue from Contracts with Customers (ASC 606) using the modified retrospective method to contracts that were not completed as of December 30, 2017. The adoption of this guidance resulted in the recognition of $(4.4) million as an adjustment to the opening balance of retained earnings.

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2021	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 729,296	$ 634,525	$ 471,977	$ 677,459	$ 787,626	$ 724,014	$ 761,004	$ 686,802	$ 2,513,257	$ 2,959,446	$ 2,722,931
United States And Canada
Disaggregation of Revenue [Line Items]
Net sales									1,752,778	1,944,101	1,806,428
Asia
Disaggregation of Revenue [Line Items]
Net sales									189,231	258,432	224,142
Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales									508,454	647,099	601,727
Latin America
Disaggregation of Revenue [Line Items]
Net sales									62,794	109,814	90,634
Commercial Foodservice Equipment Group
Disaggregation of Revenue [Line Items]
Net sales									1,510,279	1,984,345	1,729,814
Commercial Foodservice Equipment Group | United States And Canada
Disaggregation of Revenue [Line Items]
Net sales									1,067,872	1,334,776	1,176,006
Commercial Foodservice Equipment Group | Asia
Disaggregation of Revenue [Line Items]
Net sales									155,742	221,422	180,409
Commercial Foodservice Equipment Group | Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales									246,845	349,613	315,935
Commercial Foodservice Equipment Group | Latin America
Disaggregation of Revenue [Line Items]
Net sales									39,820	78,534	57,464
Food Processing Group
Disaggregation of Revenue [Line Items]
Net sales									437,272	400,951	389,594
Food Processing Group | United States And Canada
Disaggregation of Revenue [Line Items]
Net sales									311,042	246,572	263,743
Food Processing Group | Asia
Disaggregation of Revenue [Line Items]
Net sales									26,778	31,250	36,578
Food Processing Group | Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales									78,690	98,814	64,666
Food Processing Group | Latin America
Disaggregation of Revenue [Line Items]
Net sales									20,762	24,315	24,607
Residential Kitchen
Disaggregation of Revenue [Line Items]
Net sales									565,706	574,150	603,523
Residential Kitchen | United States And Canada
Disaggregation of Revenue [Line Items]
Net sales									373,864	362,753	366,679
Residential Kitchen | Asia
Disaggregation of Revenue [Line Items]
Net sales									6,711	5,760	7,155
Residential Kitchen | Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales									182,919	198,672	221,126
Residential Kitchen | Latin America
Disaggregation of Revenue [Line Items]
Net sales									$ 2,212	$ 6,965	$ 8,563

Revenue Recognition Contract wi

Revenue Recognition Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019
Revenue Recognition [Abstract]
Contract assets	$ 20,328	$ 22,675
Contract liabilities	93,871	74,511
Non-current contract liabilities	13,523	$ 12,870
Contract with Customer, Asset, Reclassified to Receivable	15,700
Contract with Customer, Liability, Revenue Recognized	67,400
Contract with Customer, Liability, Increase for Contract Acquired during the Period	87,200
Contract asset impairment	$ 0

Financing Arrangements - Schedu

Financing Arrangements - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jan. 02, 2021	Aug. 21, 2020	Jan. 31, 2020	Dec. 28, 2019
Debt Instrument [Line Items]
Senior secured revolving credit line	$ 755,000			$ 1,869,402
Term loan facility	335,938	$ 350,000	$ 750,000	0
Convertible Senior Notes	632,847			0
Other debt arrangement	1,390			116
Total debt	1,729,596			1,873,140
Less: Current maturities of long-term debt	22,944			2,894
Long-term debt	1,706,652			1,870,246
Foreign loans [Member]
Debt Instrument [Line Items]
Foreign loans	$ 4,421			$ 3,622

Financing Arrangements - Additi

Financing Arrangements - Additional Information (Details) - USD ($)	Aug. 21, 2020	Jan. 31, 2020	Jan. 02, 2021	Dec. 28, 2019
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 3,100,000,000		$ 3,500,000,000
Line of Credit Facility, Replace Facility			3,000,000,000
Term loan facility	350,000,000	$ 750,000,000	335,938,000	$ 0
Long-term Line of Credit, Revolving Credit Facility		2,750,000,000
Line of Credit Facility, Potential Additional Borrowing Capacity		$ 4,000,000,000
Term loan facility amortization rate		2.50%
Long-term line of credit			1,100,000,000
Letters of credit outstanding			10,900,000
Remaining borrowing capacity			2,000,000,000
Senior secured revolving credit line			$ 1,100,000,000
Credit facility, additional interest rate above LIBOR			2.00%
Debt Instrument Interest Additional Interest Above LIBOR Rate Alternative			1.00%
Debt Instrument Interest Additional Interest Above Fed Funds Rate			0.50%
Debt Instrument, Interest Rate, Increase (Decrease)			1.00%
Debt Instrument Interest Additional Interest Above LIBOR Rate, elevated covenants			2.00%
Line Of Credit Facility Commitment Fee Percentage, elevated covenants			0.35%
Credit facility, average interest rate			3.97%
Variable commitment fee			0.35%
Term loan facility average interest rate			3.25%
Line of credit, Current and Noncurrent, Foreign			$ 4,400,000
Interest rate at period end			5.91%
Derivative Notional Amount, Current			$ 260,000,000
Derivative Fixed Interest Rate, Current			2.36%
Derivative Notional Amount, NonCurrent			$ 802,000,000
Derivative Fixed Interest Rate, NonCurrent			1.92%
Debt Instrument, Interest Coverage Ratio Range, Low			300.00%
Debt Instrument, Interest Coverage Ratio Range, High			100.00%
Debt Instrument, Qualified Leverage Ratio Range, Low			550.00%
Debt Instrument, Leverage Ratio Range, Low			350.00%
Debt Instrument, Qualified Leverage Ratio Range, High			400.00%
Debt Instrument, Leverage Ratio Range, High			100.00%
Convertible Debt
Debt Instrument [Line Items]
Principal	$ 747,500,000		$ 747,500,000
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Proceeds from Debt, Net of Issuance Costs	$ 729,900,000
Debt Instrument, Capped Call Transaction, Net Cost	104,700,000
Term loan facility [Member]
Debt Instrument [Line Items]
Payment for Debt Extinguishment or Debt Prepayment Cost	$ 400,000,000

Financing Arrangements - Level

Financing Arrangements - Level 2 Measurements (Details) - USD ($) $ in Thousands	Jan. 02, 2021	Dec. 28, 2019
Debt Disclosure [Line Items]
Total debt	$ 1,729,596	$ 1,873,140
Debt excluding convertible senior notes
Debt Disclosure [Line Items]
Total debt	1,096,749	1,873,140
Fair Value	$ 1,096,749	$ 1,873,140

Convertible Notes (Details)

Convertible Notes (Details) - USD ($) $ in Thousands	Jan. 02, 2021	Aug. 21, 2020	Dec. 28, 2019
Debt Disclosure [Line Items]
Unamortized debt discount	$ (114,653)
Convertible Senior Notes	632,847		$ 0
Convertible Debt
Debt Disclosure [Line Items]
Principal	$ 747,500	$ 747,500

Convertible Debt Interest Expen

Convertible Debt Interest Expense (Details) - Convertible Debt $ in Thousands	12 Months Ended
	Jan. 02, 2021USD ($)
Debt Disclosure [Line Items]
Contractual interest expense	$ 2,720
Interest cost related to amortization of the debt discount and issuance costs	7,971
Total interest expense	$ 10,691

Convertible Debt Additional Inf

Convertible Debt Additional Information (Details) - USD ($)	Aug. 21, 2020	Jan. 02, 2021
Debt Disclosure [Line Items]
Debt Instrument, Convertible, If-converted Value in Excess of Principal		$ 1,700,000
Debt Instrument, Convertible, Carrying Amount of Equity Component		105,000,000
Debt Instrument, Convertible, Estimated Conversion Shares	5,800,000
Debt Instrument, Capped Call Transaction, Estimated Conversion Shares	3,600,000
Convertible Debt
Debt Disclosure [Line Items]
Interest cost related to amortization of the debt discount and issuance costs		$ 7,971,000
Debt Instrument, Interest Rate, Effective Percentage		4.70%
Debt Conversion, Converted Instrument, Shares Issued	7.7746
Debt Instrument Convertible Principal Amount Used in Conversion Rate	$ 1,000
Debt Instrument, Convertible, Conversion Price	$ 128.62
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100.00%
Debt Instrument, Capped Call Transaction Cap Price, Per Share	$ 207.93
Notes Payable, Fair Value Disclosure		$ 910,100,000
Convertible Debt | Scenario One
Debt Disclosure [Line Items]
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger	130.00%
Convertible Debt | Scenario Two
Debt Disclosure [Line Items]
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger	98.00%

Financing Arrangements - Sche_2

Financing Arrangements - Schedule of Future Aggregate Debt Payable (Details) $ in Thousands	Jan. 02, 2021USD ($)
Debt Disclosure [Abstract]
2020	$ 22,944
2021	19,261
2022	19,056
2023	19,069
2025 and thereafter	1,649,266
Total Debt Payable	$ 1,729,596

Common and Preferred Stock - Na

Common and Preferred Stock - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018	Nov. 07, 2017
Common Stock, Shares Authorized	95,000,000
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Stock Repurchased During Period, Shares	896,965
Treasury Stock Acquired, Average Cost Per Share	$ 77.70
Remaining number of shares authorized to be repurchased (shares)	1,476,835
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 44,800
Nonvested number of shares (shares)	95,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	95,000
Treasury Stock, Value, Acquired, Cost Method	$ 85,872	$ 6,144
2017 Program
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
Restricted Stock
Treasury Stock, Shares, Acquired	176,242
Nonvested number of shares (shares)	433,065	527,085	125,842
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	389,993	537,059
Treasury Stock, Value, Acquired, Cost Method	$ 16,200
Stock Incentive Plan 2011
Number of shares authorized (shares)	2,650,000
Number of shares granted, cumulative (shares)	2,137,168
Nonvested number of shares (shares)	433,065
Stock Incentive Plan 2011 | Restricted Stock
Number of shares granted, cumulative (shares)	2,042,168
IncreaseInAuthSharesDuring2017 | Stock Incentive Plan 2011
Number of shares authorized (shares)	1,000,000

Common and Preferred Stock - Su

Common and Preferred Stock - Summary of Nonvested Restricted Share Grant Activity Under 2011 Stock Incentive Plans and Related Information (Details) - $ / shares	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018	Nov. 07, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Shares	896,965
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted (shares)	95,000
Nonvested shares, ending balance (shares)	95,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Nonvested shares, beginning balance (shares)	527,085	125,842
Granted (shares)	389,993	537,059
Vested (shares)	(476,261)	(135,816)
Forfeited (shares)	(7,752)	0
Nonvested shares, ending balance (shares)	433,065	527,085
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Nonvested shares, beginning balance (usd per share)	$ 112.54	$ 112.60	$ 103.29
Granted (usd per share)	57.74	113.26
Vested (usd per share)	68.54	105.81
Forfeited (usd per share)	66.01	0
Nonvested shares, ending balance (usd per share)	$ 112.54	$ 112.60
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Nonvested shares, beginning balance (shares)	0
Granted (shares)	95,000
Vested (shares)	0
Forfeited (shares)	0
Nonvested shares, ending balance (shares)	95,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Nonvested shares, beginning balance (usd per share)	$ 135.31	$ 0
Granted (usd per share)	135.31
Vested (usd per share)	0
Forfeited (usd per share)	0
Nonvested shares, ending balance (usd per share)	$ 135.31	$ 0
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

Income Taxes - Summary of Earni

Income Taxes - Summary of Earnings Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Income Tax Disclosure [Abstract]
Domestic	$ 178,813	$ 336,688	$ 328,870
Foreign	89,244	125,931	94,643
Total	$ 268,057	$ 462,619	$ 423,513

Income Taxes - Summary of Provi

Income Taxes - Summary of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Income Tax Disclosure [Abstract]
Federal	$ 36,908	$ 69,074	$ 66,359
State and local	8,815	16,203	16,035
Foreign	15,040	25,102	23,967
Total	60,763	110,379	106,361
Current	44,342	88,167	85,872
Deferred	$ 16,421	$ 22,212	$ 20,489

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Differences Between Income Taxes Computed at the Federal Statutory Rate to the Effective Rate (Details)	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21.00%	21.00%	21.00%
State taxes, net of federal benefit	3.20%	3.20%	3.00%
Permanent differences	(0.40%)	0.60%	0.20%
Foreign income tax rate at rates other than U.S. statutory	0.50%	0.20%	1.30%
Deferred Tax Charges	(0.70%)	0.00%	0.20%
Effective Income Tax Rate Reconciliation, Tax Cuts and Jobs Act of 2017 transition tax	0.00%	0.00%	(0.10%)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	(0.10%)	0.10%	(0.50%)
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent	1.20%	0.30%	0.00%
Other	(2.00%)	(1.50%)	0.00%
Consolidated effective tax	22.70%	23.90%	25.10%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 02, 2021	Dec. 28, 2019
Deferred tax assets:
Compensation related	$ 12,328	$ 4,744
Pension and post-retirement benefits	88,709	48,716
Inventory reserves	14,732	15,166
Accrued liabilities and reserves	22,049	17,321
Warranty reserves	17,890	16,550
Operating lease liability	16,180	17,521
Interest Rate Swaps	12,997	6,075
Net operating loss carryforwards	20,747	17,873
Other	17,187	16,504
Gross deferred tax assets	222,819	160,470
Valuation allowance	(11,731)	(7,754)
Deferred tax assets	211,088	152,716
Deferred tax liabilities:
Intangible assets	(226,598)	(203,721)
Depreciable assets	(26,916)	(18,020)
Operating lease right-of-use assets	(15,921)	(17,542)
Other	(12,825)	(10,001)
Deferred Tax Liabilities, Gross	282,260	249,284
Deferred tax liabilities	(71,172)	(96,568)
Deferred Income Tax Assets, Net	76,052	36,932
Deferred Income Tax Liabilities, Net	$ (147,224)	$ (133,500)

Income Taxes - Summary of Activ

Income Taxes - Summary of Activity Related to Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, Beginning Period	$ 31,559	$ 31,912
Increases to current year tax positions	3,657	4,216
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	183	254
Settlements and other adjustments	(586)
Lapse of statute of limitations	4,484	4,823
Balance, Ending Period	$ 30,329	$ 31,559

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Income Tax Disclosure [Abstract]
Permanently Reinvested Foreign Earnings	$ 7,500	$ 5,600
Deferred Tax Liabilities, Undistributed Foreign Earnings	433,000
Operating Loss Carryforwards	20,747	17,873
Deferred Tax Assets, Operating Loss Carryforwards	15,700
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	10,000
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	5,700
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	102,400
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	56,500
Deferred Tax Assets, Valuation Allowance	11,400
Unrecognized tax benefits rleated to federal, state and foreign taxes	30,329	31,559	$ 31,912
Unrecognized tax benefits related to federal, state and foreign taxes that would impact the effective tax rate if recognized	30,200
Unrecognized tax benefits, accured interest	6,300
Unrecognized tax benefits, penalties	7,000
Unrecognized tax benefits, interest recognized	800	400	600
Unrecognized tax benefits, penalties recognized	(200)	$ (900)	$ 600
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 4,400

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019
Derivatives, Fair Value [Line Items]
Interest rate derivative liabilities, at fair value	$ 51,100
Interest Rate Derivative Assets, at Fair Value		$ 23,300
Increase (decrease) in fair value of interest rate fair value hedging instruments	(20,700)
Accrued interest rate swaps	14,075	0
Interest Rate Swap | Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	0	1,830
Interest Rate Swap | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Interest Rate Cash Flow Hedge Liability at Fair Value	37,018	25,120
Foreign Exchange Forward
Derivatives, Fair Value [Line Items]
Fair value of forward contracts	(2,200)
Other Comprehensive Income (Loss) | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(43,317)	(31,396)
Interest Expense | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (15,514)	$ 1,256

Lease Commitments Operating Lea

Lease Commitments Operating Lease (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 31,200	$ 31,000	$ 30,200
Operating Lease, Right-of-Use Asset	97,193	96,655
Other Noncurrent Liabilities
Lessee, Lease, Description [Line Items]
Operating Lease, Liability, Noncurrent	76,529	75,018
Accrued Liabilities
Lessee, Lease, Description [Line Items]
Operating Lease, Liability, Current	22,493	21,827
Accrued Liabilities and Other Noncurrent Liabilities
Lessee, Lease, Description [Line Items]
Operating Lease, Liability	$ 99,022	$ 96,845

Lease Commitments Lease Commitm

Lease Commitments Lease Commitments (Details) $ in Thousands	Jan. 02, 2021USD ($)
Leases [Abstract]
2021	$ 24,675
2022	21,230
2023	16,650
2024	13,214
2025	9,315
2026 and thereafter	23,446
Total future lease commitments	108,530
Less imputed interest	$ 9,508

Lease Commitments Other Lease I

Lease Commitments Other Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019
Leases [Abstract]
Operating Lease, Payments	$ 26,024	$ 24,794
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 25,433	$ 25,306
Operating Lease, Weighted Average Remaining Lease Term	6 years	6 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	3.00%	3.40%

Segment Information Segment Inf

Segment Information Segment Information - Narrative (Details)	12 Months Ended
	Jan. 02, 2021segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Information - Results o

Segment Information - Results of Business Segments (Details) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Jan. 02, 2021	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Jan. 02, 2021		Dec. 28, 2019		Dec. 29, 2018
Segment Reporting Information [Line Items]
Net sales		$ 729,296	$ 634,525	$ 471,977	$ 677,459	$ 787,626	$ 724,014	$ 761,004	$ 686,802	$ 2,513,257		$ 2,959,446		$ 2,722,931
Operating Income (Loss)		93,227	$ 86,672	$ 39,118	$ 105,414	152,030	$ 121,345	$ 139,607	$ 101,061	324,431	[1],[2]	514,043	[1],[2]	445,966	[2]
Depreciation										39,086		37,852		35,782
Amortization expense (5)	[3]									71,446		65,576		61,456
Net capital expenditures										34,849		46,609		36,040
Total assets		5,202,474				5,002,143				5,202,474		5,002,143		4,549,781
Long-lived assets (6)	[4]	547,339				499,819				547,339		499,819		383,988
Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Net sales										1,510,279		1,984,345		1,729,814
Operating Income (Loss)	[2]									239,625	[1]	429,946	[1]	393,380
Depreciation										21,768		21,054		17,374
Amortization expense (5)	[3]									51,985		45,906		35,224
Net capital expenditures										25,463		29,353		17,444
Total assets		3,249,441				3,188,304				3,249,441		3,188,304		2,906,373
Long-lived assets (6)	[4]	279,481				261,466				279,481		261,466		181,636
Food Processing Group
Segment Reporting Information [Line Items]
Net sales										437,272		400,951		389,594
Operating Income (Loss)	[2]									78,008	[1]	68,935	[1]	62,435
Depreciation										5,507		4,944		5,207
Amortization expense (5)	[3]									7,319		8,162		7,527
Net capital expenditures										3,427		6,683		7,373
Total assets		617,171				621,619				617,171		621,619		513,189
Long-lived assets (6)	[4]	55,069				57,403				55,069		57,403		33,127
Residential Kitchen
Segment Reporting Information [Line Items]
Net sales										565,706		574,150		603,523
Operating Income (Loss)	[2]									67,046	[1]	89,312	[1]	53,959
Depreciation										11,691		11,742		12,838
Amortization expense (5)	[3]									9,657		9,896		17,226
Net capital expenditures										4,801		9,168		11,721
Total assets		1,221,229				1,157,211				1,221,229		1,157,211		1,089,103
Long-lived assets (6)	[4]	192,940				176,834				192,940		176,834		146,897
Corporate and Other
Segment Reporting Information [Line Items]
Net sales	[5]									0		0		0
Operating Income (Loss)	[2],[5]									(60,248)	[1]	(74,150)	[1]	(63,808)
Depreciation	[5]									120		112		363
Amortization expense (5)	[3],[5]									2,485		1,612		1,479
Net capital expenditures	[5]									1,158		1,405		(498)
Total assets	[5]	114,633				35,009				114,633		35,009		41,116
Long-lived assets (6)	[4],[5]	$ 19,849				$ 4,116				$ 19,849		$ 4,116		$ 22,328
[1]	Gain on litigation settlement is included in Residential Kitchen and gain on sale of plant is included in Commercial Foodservice.
[2]	Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 13 for further details.
[3]	Includes amortization of deferred financing costs
[4]	Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets.
[5]	Includes corporate and other general company assets and operations.

Segment Information - Long-live

Segment Information - Long-lived assets (Details) - USD ($) $ in Thousands		Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Segment Reporting Information [Line Items]
Long-lived assets (6)	[1]	$ 547,339	$ 499,819	$ 383,988
Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Long-lived assets (6)	[1]	279,481	261,466	181,636
United States And Canada
Segment Reporting Information [Line Items]
Long-lived assets (6)				262,482
Asia
Segment Reporting Information [Line Items]
Long-lived assets (6)				12,136
Europe And Middle East
Segment Reporting Information [Line Items]
Long-lived assets (6)				108,001
Latin America
Segment Reporting Information [Line Items]
Long-lived assets (6)				1,369
Total International
Segment Reporting Information [Line Items]
Long-lived assets (6)		215,651	194,612	$ 121,506
United States And Canada
Segment Reporting Information [Line Items]
Long-lived assets (6)		331,688	305,207
Asia
Segment Reporting Information [Line Items]
Long-lived assets (6)		28,018	22,312
Europe And Middle East
Segment Reporting Information [Line Items]
Long-lived assets (6)		181,242	165,781
Latin America
Segment Reporting Information [Line Items]
Long-lived assets (6)		$ 6,391	$ 6,519
[1]	Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets.

Employee Retirement Plans Summa

Employee Retirement Plans Summary of the Plans' Net Periodic Pension Cost, Benefit Obligations, Funded Status, and Net Balance Sheet Position (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
Net Periodic Pension Cost:
Curtailment loss	$ (14,682)	$ (865)	$ (906)
Change in Benefit Obligation:
Curtailment loss	14,682
Amounts recognized in balance sheet at year end:
Accrued pension benefits	(469,500)	(289,086)
Non US Plans
Net Periodic Pension Cost:
Service cost	2,581	2,457
Interest cost	25,966	33,490
Expected return on assets	(72,795)	(67,542)
Amortization of net loss	(3,449)	(721)
Amortization of prior service cost	2,577	2,560
Curtailment loss	(14,682)	(865)
Defined Benefit Plan, Net Periodic Benefit Cost	(23,540)	(27,449)
Change in Benefit Obligation:
Benefit obligation – beginning of year	1,501,616	1,377,575
Service cost	2,581	2,457
Prior service cost	2,309	0
Interest cost	25,966	33,490
Member contributions	312	313
Actuarial loss	186,945	102,377
Net benefit payments	(62,878)	(62,355)
Curtailment loss		865
Exchange effect	73,041	46,894
Benefit obligation – end of year	1,744,574	1,501,616	1,377,575
Change in Plan Assets:
Plan assets at fair value – beginning of year	1,231,181	1,141,381
Company contributions	5,745	5,934
Investment gain	69,824	107,368
Member contributions	312	313
Benefit payments and plan expenses	(62,878)	(62,355)
Exchange effect	52,332	38,540
Plan assets at fair value – end of year	1,296,516	1,231,181	1,141,381
Funded Status:
Unfunded benefit obligation	(448,058)	(270,435)
Amounts recognized in balance sheet at year end:
Accrued pension benefits	(448,058)	(270,435)
Pre-tax components in accumulated other comprehensive income at period end:
Net actuarial loss	479,554	270,116
Current year actuarial loss	211,494	69,228
Actuarial loss recognized	(3,841)	(798)
Prior service cost	3,335	0
Prior service cost recognized	(1,550)	(986)
Total amount recognized	(209,438)	(67,444)
Accumulated Benefit Obligation	$ 1,744,536	$ 1,501,589
Salary growth rate	0.80%	0.80%
Assumed discount rate	1.20%	2.00%
Expected return on assets	6.20%	6.20%
USPlans
Net Periodic Pension Cost:
Service cost	$ 0	$ 0
Interest cost	1,043	1,253
Expected return on assets	(999)	(868)
Amortization of net loss	(763)	(664)
Amortization of prior service cost	0	0
Curtailment loss	0	0
Defined Benefit Plan, Net Periodic Benefit Cost	807	1,049
Change in Benefit Obligation:
Benefit obligation – beginning of year	35,395	31,559
Service cost	0	0
Prior service cost	0	0
Interest cost	1,043	1,253
Member contributions	0	0
Actuarial loss	4,146	4,173
Net benefit payments	(1,687)	(1,590)
Curtailment loss	0	0
Exchange effect	0	0
Benefit obligation – end of year	38,897	35,395	31,559
Change in Plan Assets:
Plan assets at fair value – beginning of year	16,744	14,634
Company contributions	1,587	1,191
Investment gain	811	2,509
Member contributions	0	0
Benefit payments and plan expenses	(1,687)	(1,590)
Exchange effect	0	0
Plan assets at fair value – end of year	17,455	16,744	$ 14,634
Funded Status:
Unfunded benefit obligation	(21,442)	(18,651)
Amounts recognized in balance sheet at year end:
Accrued pension benefits	(21,442)	(18,651)
Pre-tax components in accumulated other comprehensive income at period end:
Net actuarial loss	10,424	6,853
Current year actuarial loss	4,334	2,532
Actuarial loss recognized	(763)	(664)
Prior service cost	0	0
Prior service cost recognized	0	0
Total amount recognized	(3,571)	(1,868)
Accumulated Benefit Obligation	$ 38,897	$ 35,395
Assumed discount rate	2.20%	3.00%
Expected return on assets	6.00%	6.00%

Employee Retirement Plans Sum_2

Employee Retirement Plans Summary classes of security by percentage (Details)	Jan. 02, 2021	Dec. 28, 2019
USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100.00%	100.00%
Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100.00%	100.00%
Equity Securities [Member] | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	48.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	48.00%	51.00%
Equity Securities [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	17.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	12.00%	22.00%
Fixed Income Securities [Member] | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	40.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	39.00%	37.00%
Fixed Income Securities [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	38.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	57.00%	39.00%
Money Market Instruments [Member] | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	4.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	3.00%	2.00%
Money Market Instruments [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	32.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	15.00%	22.00%
Other (real estate & commodities) [Member] | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	8.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	10.00%	10.00%
Other (real estate & commodities) [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	13.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	13.00%	13.00%
Cash and Cash Equivalents | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	3.00%	4.00%

Employee Retirement Plans Sum_3

Employee Retirement Plans Summary of the Basis Used to Measure Pension Plans' Assets at Fair Value (Details) - USD ($) $ in Thousands		Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		$ 17,455	$ 16,744	$ 14,634
Defined Benefit Plan, Net Asset Value of Plan Assets		533	347
Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,296,516	1,231,181	$ 1,141,381
Defined Benefit Plan, Net Asset Value of Plan Assets		1,100,384	926,083
Short Term Investment Fund | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	[1]	533	347
Defined Benefit Plan, Net Asset Value of Plan Assets	[1]	533	347
Real Estate Funds | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,063	1,358
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Hedge Funds, Multi-strategy | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		44,097	21,683
Defined Benefit Plan, Net Asset Value of Plan Assets		44,097	21,683
Leveraged Loans | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		28,720	21,635
Defined Benefit Plan, Net Asset Value of Plan Assets		28,720	21,635
Alternative Investment [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		(104,518)	25,359
Defined Benefit Plan, Net Asset Value of Plan Assets		(104,523)	25,358
U S Large Cap | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,443	3,957
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
U S Mid Cap | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		407	417
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
U S Small Cap | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		489	418
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
International Equity Securities | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		4,198	3,657
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Government/Corporate | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		5,517	4,992
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
High Yield Fixed Income | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,211	1,260
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Commodities Contracts | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		594	338
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Cash and Cash Equivalents | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		36,537	44,748
Defined Benefit Plan, Net Asset Value of Plan Assets		26,052	23,732
Equity Securities, U K Market | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		8,615	101,922
Defined Benefit Plan, Net Asset Value of Plan Assets		6,868	13,092
Equity Securities, International, Developed | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		110,718	165,709
Defined Benefit Plan, Net Asset Value of Plan Assets		107,642	152,539
Equity Securities, international, Emerging | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		34,417	11,653
Defined Benefit Plan, Net Asset Value of Plan Assets		33,999	11,003
Equity Securities, Unquoted Private Equity | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,792	123
Defined Benefit Plan, Net Asset Value of Plan Assets		1,791	123
Fixed Income, Government/Corporate, U K | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		264,703	189,513
Defined Benefit Plan, Net Asset Value of Plan Assets		248,373	172,401
Fixed Income, Government/Corporate, International | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		141,030	86,208
Defined Benefit Plan, Net Asset Value of Plan Assets		141,030	86,208
Fixed Income, Government/Corporate, Index Linked | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		330,360	189,463
Defined Benefit Plan, Net Asset Value of Plan Assets		327,415	187,378
Fixed Income, Government/Corporate, Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		8,296	6,367
Defined Benefit Plan, Net Asset Value of Plan Assets		8,296	6,367
Fixed Income,Convertible Bonds | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		214	177
Defined Benefit Plan, Net Asset Value of Plan Assets		214	177
Real Estate Funds, Direct | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		156,588	154,494
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Real Estate Funds,Indirect | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		9,283	8,155
Defined Benefit Plan, Net Asset Value of Plan Assets		4,746	415
Hedge Fund, Arbitrage&Event | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		16,594	29,284
Defined Benefit Plan, Net Asset Value of Plan Assets		16,594	29,284
Hedge Fund, Directional Trading&Fixed Income | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		9,721	9,361
Defined Benefit Plan, Net Asset Value of Plan Assets		9,721	9,361
Hedge Fund, Cash & Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		196,952	163,058
Defined Benefit Plan, Net Asset Value of Plan Assets		196,952	163,058
Hedge Fund, Direct Sourcing | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		2,397	2,269
Defined Benefit Plan, Net Asset Value of Plan Assets		2,397	2,269
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		16,922	16,397
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		34,227	137,260
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short Term Investment Fund | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	[1]	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Real Estate Funds | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,063	1,358
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Hedge Funds, Multi-strategy | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Leveraged Loans | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Alternative Investment [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		5	1
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U S Large Cap | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,443	3,957
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U S Mid Cap | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		407	417
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U S Small Cap | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		489	418
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | International Equity Securities | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		4,198	3,657
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Government/Corporate | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		5,517	4,992
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | High Yield Fixed Income | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,211	1,260
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commodities Contracts | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		594	338
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Cash and Cash Equivalents | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		9,653	18,142
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities, U K Market | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,747	88,830
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities, International, Developed | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,076	13,170
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities, international, Emerging | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		418	650
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities, Unquoted Private Equity | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Income, Government/Corporate, U K | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		16,330	14,245
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Income, Government/Corporate, International | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Income, Government/Corporate, Index Linked | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		2,945	2,085
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Income, Government/Corporate, Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Income,Convertible Bonds | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Real Estate Funds, Direct | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Real Estate Funds,Indirect | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		52	137
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Hedge Fund, Arbitrage&Event | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Hedge Fund, Directional Trading&Fixed Income | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Hedge Fund, Cash & Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Hedge Fund, Direct Sourcing | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		161,905	167,838
Significant Observable Inputs (Level 2) | Hedge Funds, Multi-strategy | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Leveraged Loans | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Alternative Investment [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Cash and Cash Equivalents | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		832	2,874
Significant Observable Inputs (Level 2) | Equity Securities, U K Market | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Equity Securities, International, Developed | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Equity Securities, international, Emerging | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Equity Securities, Unquoted Private Equity | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Fixed Income, Government/Corporate, U K | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	2,867
Significant Observable Inputs (Level 2) | Fixed Income, Government/Corporate, International | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Fixed Income, Government/Corporate, Index Linked | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Fixed Income, Government/Corporate, Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Fixed Income,Convertible Bonds | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Real Estate Funds, Direct | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		156,588	154,494
Significant Observable Inputs (Level 2) | Real Estate Funds,Indirect | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		4,485	7,603
Significant Observable Inputs (Level 2) | Hedge Fund, Arbitrage&Event | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Hedge Fund, Directional Trading&Fixed Income | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Hedge Fund, Cash & Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) | Hedge Fund, Direct Sourcing | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Hedge Funds, Multi-strategy | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Leveraged Loans | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Alternative Investment [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Cash and Cash Equivalents | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Equity Securities, U K Market | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Equity Securities, International, Developed | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Equity Securities, international, Emerging | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Equity Securities, Unquoted Private Equity | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Fixed Income, Government/Corporate, U K | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Fixed Income, Government/Corporate, International | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Fixed Income, Government/Corporate, Index Linked | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Fixed Income, Government/Corporate, Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Fixed Income,Convertible Bonds | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Real Estate Funds, Direct | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Real Estate Funds,Indirect | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Hedge Fund, Arbitrage&Event | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Hedge Fund, Directional Trading&Fixed Income | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Hedge Fund, Cash & Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) | Hedge Fund, Direct Sourcing | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		$ 0	$ 0
[1]	Represents collective short term investment fund, composed of high-grade money market instruments with short maturities.

Employee Retirement Plans Estim

Employee Retirement Plans Estimated Future Benefit Payments under the Plans (Details) $ in Thousands	Jan. 02, 2021USD ($)
USPlans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2021	$ 1,794
2022	1,789
2023	1,792
2024	1,807
2025 through 2030	11,446
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	600
Non US Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2021	64,476
2022	64,905
2023	65,805
2024	65,551
2025 through 2030	402,537
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 4,700

Employee Retirement Plans - Add

Employee Retirement Plans - Additional Information (Details)	12 Months Ended
	Jan. 02, 2021plan
Retirement Benefits [Abstract]
Number of defined contribution 401K savings plans	2

Quarterly Data (Unaudited) (Det

Quarterly Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Jan. 02, 2021		Sep. 26, 2020		Jun. 27, 2020		Mar. 28, 2020		Dec. 28, 2019		Sep. 28, 2019		Jun. 29, 2019		Mar. 30, 2019		Jan. 02, 2021		Dec. 28, 2019		Dec. 29, 2018
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 729,296		$ 634,525		$ 471,977		$ 677,459		$ 787,626		$ 724,014		$ 761,004		$ 686,802		$ 2,513,257		$ 2,959,446		$ 2,722,931
Gross Profit	255,983		222,749		153,126		250,190		289,678		270,028		286,479		257,312		882,048		1,103,497		1,004,140
Income from operations	93,227		86,672		39,118		105,414		152,030		121,345		139,607		101,061		324,431	[1],[2]	514,043	[1],[2]	445,966	[2]
Net earnings	$ 51,837		$ 60,516		$ 21,162		$ 73,779		$ 108,997		$ 82,020		$ 92,210		$ 69,013		$ 207,294		$ 352,240		$ 317,152
Basic earnings per share (usd per share)	$ 0.94	[3]	$ 1.10	[3]	$ 0.39	[3]	$ 1.33	[3]	$ 1.96	[3]	$ 1.47	[3]	$ 1.66	[3]	$ 1.24	[3]	$ 3.76		$ 6.33	[3]	$ 5.71
Diluted earnings per share (usd per share)	$ 0.94	[3]	$ 1.10	[3]	$ 0.39	[3]	$ 1.33	[3]	$ 1.96	[3]	$ 1.47	[3]	$ 1.66	[3]	$ 1.24	[3]	$ 3.76		$ 6.33	[3]	$ 5.70
[1]	Gain on litigation settlement is included in Residential Kitchen and gain on sale of plant is included in Commercial Foodservice.
[2]	Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 13 for further details.
[3]	Sum of quarters may not equal the total for the year due to changes in the number of shares outstanding during the year.

Restructuring Restructuring Cha

Restructuring Restructuring Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018	Dec. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 12,375	$ 10,480	$ 19,332
Impairment of Long-Lived Assets to be Disposed of	2,900
Disposal Group, Including Discontinued Operation, Assets	17,400
Accrued liabilities held for sale	22,313	0
Commercial Foodservice Equipment Group
Restructuring Cost and Reserve [Line Items]
Effects on Future Earnings, Restructuring	20,000
Facility Closing
Restructuring Cost and Reserve [Line Items]
Payments for Restructuring		632	5,171
Other Restructuring
Restructuring Cost and Reserve [Line Items]
Payments for Restructuring		256
Commercial Foodservice Equipment Group
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	10,100	6,400	3,500
Residential Kitchen
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	200	1,700
Residential Kitchen | Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	197	666	866	$ 3,698
Restructuring Charges	899	3,766	6,367
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	0	24	(49)
Payments for Restructuring	1,368	3,990	9,150
Residential Kitchen | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	112	101	56	1,467
Restructuring Charges	907	684	3,771
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	26	(7)	(11)
Payments for Restructuring	922
Residential Kitchen | Other Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0	0	787	157
Restructuring Charges	0	(476)	5,001
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	0	(55)	23
Payments for Restructuring	0		4,394
Residential Kitchen | Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	309	767	1,709	$ 5,322
Restructuring Charges	1,806	3,974	15,139
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	26	(38)	(37)
Payments for Restructuring	2,290	4,878	18,715
Residential Kitchen | AGA Group
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 1,600	$ 2,300	$ 15,100

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2021	Dec. 28, 2019	Dec. 29, 2018
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance Beginning Of Period	$ 14,886	$ 13,608	$ 13,182
Additions/ (Recoveries) Charged to Expense	6,868	1,941	3,160
Other Adjustments (1)	1,239	2,009	1,121
Write-Offs During the Period	(3,768)	(2,672)	(3,855)
Balance At End Of Period	19,225	14,886	13,608
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance Beginning Of Period	7,754	26,023	23,190
Additions/ (Recoveries) Charged to Expense	3,977	129	2,833
Write-Offs During the Period	0	(18,398)	0
Balance At End Of Period	$ 11,731	$ 7,754	$ 26,023

Uncategorized Items - midd-2021

Label	Element	Value
Accounting Standards Update 2018-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	$ 0	[1]
Accounting Standards Update 2018-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Treasury Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0	[1]
Accounting Standards Update 2018-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	(1,132,000)	[1]
Accounting Standards Update 2018-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | AOCI Attributable to Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1,132,000	[1]
Accounting Standards Update 2018-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Additional Paid-in Capital [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0	[1]
Accounting Standards Update 2018-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0	[1]
Accounting Standards Update 2014-09 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Treasury Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0	[2]
Accounting Standards Update 2014-09 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	(4,405,000)	[2]
Accounting Standards Update 2014-09 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | AOCI Attributable to Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0	[2]
Accounting Standards Update 2014-09 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Additional Paid-in Capital [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0	[2]
Accounting Standards Update 2014-09 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	$ 0	[2]
[1]	As of December 31, 2017, the company adopted ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . The adoption of this guidance resulted in the reclassification of $1.1 million, including $1.6 million related to interest rate swap and $(0.5) million related to pensions, of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings.
[2]	As of December 31, 2017, the company adopted ASU No. 2014-09, Revenue from Contracts with Customers (ASC 606) using the modified retrospective method to contracts that were not completed as of December 30, 2017. The adoption of this guidance resulted in the recognition of $(4.4) million as an adjustment to the opening balance of retained earnings.