The Middleby Corporation (MIDD) 10-K 2 Mar 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jan. 01, 2022	Feb. 28, 2022	Jul. 03, 2021
Cover [Abstract]
Document Fiscal Period Focus	FY
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jan. 1, 2022
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			$ 9,526,285,074
Entity Common Stock, Shares Outstanding		54,661,085
Entity Central Index Key	0000769520
Current Fiscal Year End Date	--01-01
Document Fiscal Year Focus	2021
Amendment Flag	false
ICFR Auditor Attestation Flag	true

Audit Information

Audit Information	12 Months Ended
	Jan. 01, 2022
Auditor [Line Items]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Chicago, Illinois

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Current assets:
Cash and cash equivalents	$ 180,362	$ 268,103
Accounts Receivable, Net, Current	577,142	363,361
Inventory, Net	837,418	540,198
Prepaid expenses and other	92,269	81,049
Prepaid Taxes	19,894	17,782
Total current assets	1,707,085	1,270,493
Property, Plant and Equipment, Net	380,980	344,482
Goodwill	2,243,469	1,934,261
Other intangibles	1,875,377	1,450,381
Deferred Income Tax Assets, Net	33,194	76,052
Other assets	143,493	126,805
Total Assets	6,383,598	5,202,474
Current liabilities:
Current maturities of long-term debt	27,293	22,944
Accounts payable	304,740	182,773
Accrued expenses	582,855	494,541
Total current liabilities	914,888	700,258
Long-term debt	2,387,001	1,706,652
Deferred Tax and Other Liabilities, Noncurrent	186,935	147,224
Liability, Defined Benefit Pension Plan, Noncurrent	219,680	469,500
Other non-current liabilities	180,818	202,191
Stockholders' equity:
Common Stock, Value, Issued	147	147
Paid-in capital	357,309	433,308
Treasury Stock, Value	566,399	537,134
Retained earnings	3,062,303	2,568,756
Accumulated other comprehensive loss	(359,084)	(488,428)
Total stockholders' equity	2,494,276	1,976,649
Total liabilities and stockholders' equity	$ 6,383,598	$ 5,202,474

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Allowance for Doubtful Accounts Receivable, Current	$ 18,770	$ 19,225
Less accumulated depreciation	(266,203)	(229,871)
Finite-Lived Intangible Assets, Accumulated Amortization	$ (442,208)	$ (374,061)
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares issued	63,666,020	63,651,773
Treasury Stock, Shares	8,170,276	8,013,296

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands		12 Months Ended
		Jan. 01, 2022		Jan. 02, 2021		Dec. 28, 2019
Net sales		$ 3,250,792		$ 2,513,257		$ 2,959,446
Cost of Sales		2,055,932		1,631,209		1,855,949
Gross profit		1,194,860		882,048		1,103,497
Selling, General and Administrative Expense		667,976		531,897		593,813
Restructuring Charges		7,655		12,375		10,480
Merger termination fee		(110,000)		0		0
Gain (Loss) Related to Litigation Settlement		0		0		(14,839)
Gain (Loss) on Disposition of Assets		(763)		(1,982)		0
Impairments		0		15,327		0
Income from operations	[2]	629,992	[1],[3]	324,431	[1]	514,043
Net interest expense and deferred financing amortization, net		57,157		78,617		82,609
Net Periodic Benefit Cost, Other Than Service Cost & Curtailment		(45,066)		(39,996)		(29,722)
Curtailment loss		0		14,682		865
Other (income) expense, net		(1,603)		3,071		(2,328)
Earnings before income taxes		619,504		268,057		462,619
Provision for income taxes		131,012		60,763		110,379
Net earnings		$ 488,492		$ 207,294		$ 352,240
Net earnings per share:
Basic (in usd per share)		$ 8.85		$ 3.76		$ 6.33
Diluted (in usd per share)		$ 8.62		$ 3.76		$ 6.33
Weighted average number of shares
Basic (in shares)		55,216,000		55,093,000		55,647,000
Dilutive common stock equivalents (in shares)		1,449,000		43,000		9,000
Diluted (in shares)		56,665,000		55,136,000		55,656,000
[1]	Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021 and Gain on sale of plant is included in Commercial Foodservice for 2020.
[2]	Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details
[3]	Termination fee from Welbilt merger is included in Corporate and Other.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 488,492	$ 207,294	$ 352,240
Other comprehensive income:
Foreign currency translation adjustments	(47,693)	55,744	7,066
Pension liability adjustment, net of tax	151,223	(172,583)	(57,398)
Unrealized gain (loss) on interest rate swaps, net of tax	24,484	(20,656)	(24,125)
Unrealized gain on certain investments, net of tax	1,330	0	0
Other Comprehensive Income (Loss), Net of Tax	129,344	(137,495)	(74,457)
Comprehensive income	$ 617,836	$ 69,799	$ 277,783

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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU		$ (100)
Adoption of ASU | Accounting Standards Update 2017-12		0			$ 0		$ 0			$ 0		$ (11)	[1]		$ 11	[1]
Balance, Beginning at Dec. 29, 2018	$ 1,665,203			$ 145		$ 377,419			$ (445,118)		$ 2,009,233			$ (276,476)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	352,240			0		0			0		352,240			0
Currency translation adjustments	7,066			0		0			0		0			7,066
Change in unrecognized pension benefit costs, net of tax	(57,398)			0		0			0		0			(57,398)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(24,125)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | Accounting Standards Update 2017-12	(24,136)			0		0			0		0			(24,136)
Unrealized gain on certain investments, net of tax	0
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]
Net earnings	207,294			0		0			0		207,294			0
Currency translation adjustments	55,744			0		0			0		0			55,744
Change in unrecognized pension benefit costs, net of tax	(172,583)			0		0			0		0			(172,583)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(20,656)			0		0			0		0			(20,656)
Unrealized gain on certain investments, net of tax	0
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
Equity component of issuance of convertible notes	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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU | Accounting Standards Update 2020-06		$ (74,375)	[2]		$ 0		$ (79,430)	[2]		$ 0		$ 5,055	[2]		$ 0
Net earnings	488,492			0		0			0		488,492			0
Currency translation adjustments	(47,693)			0		0			0		0			(47,693)
Change in unrecognized pension benefit costs, net of tax	151,223			0		0			0		0			151,223
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	24,484			0		0			0		0			24,484
Unrealized gain on certain investments, net of tax	1,330			0		0			0		0			1,330
Stock compensation	42,330			0		42,330			0		0			0
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	2,522			0		2,522			0		0			0
Purchase of treasury stock	(29,265)			0		0			(29,265)		0			0
Purchase of capped calls	41,421			0		41,421			0		0			0
Balance, Ending at Jan. 01, 2022	$ 2,494,276			$ 147		$ 357,309			$ (566,399)		$ 3,062,303			$ (359,084)
[1]	As of December 30, 2018, the company adopted ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" using the modified retrospective method. The adoption of this guidance resulted in the recognition of less than $(0.1) million as an adjustment to the opening balance of retained earnings.
[2]	As of January 3, 2021 the company adopted ASU No. 2020-06, A ccounting for Convertible Instruments and Contracts in an Entity’s Own Equity using the modified retrospective method. The adoption of this guidance resulted in a $79.4 million reduction to paid-in capital, net of tax of $25.5 million, and the recognition of $5.1 million as an adjustment to the opening balance of retained earnings, net of tax of $1.6 million.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	$ (49,589)	$ 40,426	$ 11,914
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Tax	8,619	(7,147)	$ (8,516)
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment, Tax	443
Adjustments to Additional Paid in Capital, Purchase of Capped Calls, Tax	$ (13,132)
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2020-06
Cumulative Effect Period of Adoption, Additional Paid In Capital		79,400
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2020-06 | Paid-in Capital
Cumulative effect Period of Adoption, tax impact		25,500
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2020-06 | Retained Earnings
Cumulative effect Period of Adoption, tax impact		$ 1,600

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Cash flows from operating activities--
Net earnings	$ 488,492	$ 207,294	$ 352,240
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	125,243	110,532	103,428
Amortization of Debt Issuance Costs and Discounts	0	7,971	0
Non-cash share-based compensation	42,330	19,613	8,133
Deferred income taxes	6,863	16,421	22,212
Net Periodic Benefit Cost, Other Components	(45,066)	(25,314)	(28,857)
Gain (Loss) on Disposition of Assets	(763)	(1,982)	0
Gain (Loss) on Sale of Assets and Asset Impairment Charges	0	15,327	0
Non Cash Restructuring	1,924	0	0
Changes in assets and liabilities, net of acquisitions
Accounts receivable, net	(99,890)	90,399	(27,748)
Inventories, net	(204,167)	66,690	(28,288)
Prepaid expenses and other assets	10,853	782	5,067
Accounts payable	61,336	(3,015)	(29,396)
Accrued expenses and other liabilities	36,244	20,067	634
Net cash provided by operating activities	423,399	524,785	377,425
Cash flows from investing activities--
Additions to property and equipment	(46,551)	(34,849)	(46,609)
Proceeds from Sale of Property Held-for-sale	6,290	14,147	0
Payments to Acquire Intangible Assets	(5,000)	(7,052)	0
Payments to Acquire Businesses, Net of Cash Acquired	(963,600)	(79,003)	(281,058)
Net cash (used in) investing activities	(1,008,861)	(106,757)	(327,667)
Cash flows from financing activities--
Proceeds from (Repayments of) Lines of Credit	1,739,101	2,567,305	543,294
Deferred Income Tax Liabilities, Net	(1,135,058)	(3,345,770)	(560,363)
Proceeds from Convertible Debt	0	729,933	0
Payments for Premiums for Capped Call Confirmations, Debt Issuance	(54,553)	(104,650)	0
Net (repayments) proceeds under foreign bank loan	(2,030)	1,305	(405)
Repayments of Notes Payable	(303)	(45)	(179)
Proceeds from (Payments for) Other Financing Activities	(5,861)	(3,700)	(1,648)
Repurchase of treasury stock	(29,265)	(85,872)	(6,144)
Payments of Debt Issuance Costs	(9,242)	(10,974)	0
Net cash (used in) provided by financing activities	502,789	(252,468)	(25,445)
Effect of exchange rates on cash and cash equivalents	(5,068)	8,043	(1,514)
Net (decrease) increase in cash and cash equivalents	(87,741)	173,603	22,799
Changes in cash and cash equivalents--
Cash and cash equivalents at beginning of year	268,103	94,500	71,701
Cash and cash equivalents at end of quarter	180,362	268,103	94,500
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Stock Issued During Period, Value, Acquisitions	$ 2,522	$ 15,869	$ 0

Nature of Operations

Nature of Operations	12 Months Ended
	Jan. 01, 2022
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 thirty-nine U.S. and twenty-eight 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 tumblers, massagers, 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, beer dispensers, ventilation equipment, mixers, rotisseries and outdoor cooking equipment.

Acquisition and Purchase Accoun

Acquisition and Purchase Accounting	12 Months Ended
	Jan. 01, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition and Purchase Accounting [Text Block]	ACQUISITIONS AND PURCHASE ACCOUNTING The following represents the company's significant acquisitions in 2021 and 2020, the termination of a Merger Agreement, as well as summarized information on various acquisitions that were not individually material. Termination of Welbilt Merger On April 20, 2021, Middleby entered into a Merger Agreement with Welbilt, Inc. Following Welbilt's receipt of an alternative acquisition proposal, on July 13, 2021, Middleby announced that, under the terms of the Merger Agreement, it would not exercise its right to propose any modifications to the terms of the Merger Agreement and would allow the match period to expire. Accordingly, on July 14, 2021, Welbilt delivered to Middleby a written notice terminating the Merger Agreement and, concurrently with Middleby’s receipt of the termination fee of $110.0 million in cash from Welbilt, the Merger Agreement was terminated on July 14, 2021. The termination fee received is reflected in the Consolidated Statements of Comprehensive Earnings as the "merger termination fee" and $19.7 million of deal costs associated with the transaction are reflected in selling, general and administrative expenses in the Consolidated Statements of Comprehensive Earnings. 2020 Acquisitions During 2020, the company completed various acquisitions that were not individually material. The final allocation of consideration paid for the other 2020 acquisitions is summarized as follows (in thousands): Preliminary Opening Balance Sheet Measurement Adjusted Opening Balance Sheet Cash $ 14,647 $ — $ 14,647 Current assets 43,670 (13,390) 30,280 Property, plant and equipment 3,014 (349) 2,665 Goodwill 55,335 3,847 59,182 Other intangibles 63,201 625 63,826 Other assets 6,121 52 6,173 Current liabilities (54,478) 13,037 (41,441) Long-term deferred tax (liability) asset (123) 387 264 Other non-current liabilities (21,902) 791 (21,111) Consideration paid at closing $ 109,485 $ 5,000 $ 114,485 Deferred payments 8,666 (468) 8,198 Contingent consideration 16,144 (836) 15,308 Net assets acquired and liabilities assumed $ 134,295 $ 3,696 $ 137,991 The long-term deferred tax asset amounted to $0.3 million and is related to the difference between the book and tax basis on other assets and liability accounts. The goodwill and $15.7 million of other intangibles associated with the trade names are subject to the non-amortization provisions of ASC 350. Other intangibles also include $10.6 million allocated to customer relationships, $31.2 million allocated to developed technology and $6.3 million allocated to backlog, which are being amortized over periods of 6 to 9 years, 6 to 12 years, and 3 to 9 months, respectively. Goodwill of $59.2 million and other intangibles of $63.8 million from these acquisitions are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. Of these assets, goodwill of $24.4 million and intangibles of $63.5 million are expected to be deductible for tax purposes. Several purchase agreements include deferred payment and earnout provisions providing for contingent payments due to the sellers to the extent certain financial targets are exceeded. The deferred payments are payable between 2021 and 2022. The contractual obligations associated with the deferred payments on the acquisition dates amount to $8.2 million. The earnouts are payable between 2021 and 2023, if the company exceeds certain sales and earnings targets. The contractual obligations associated with the contingent earnout provisions recognized on the acquisition dates amount to $15.3 million. Novy Invest NV On July 12, 2021, the company completed its acquisition of all of the capital stock of Novy Invest NV ("Novy"), a leading manufacturer of premium residential ventilation hoods and cook tops located in Belgium, for a purchase price of approximately $250.9 million, net of cash acquired. The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair values of assets acquired and liabilities assumed (in thousands): Preliminary Opening Balance Sheet Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 16,152 $ — $ 16,152 Current assets 23,762 — 23,762 Property, plant and equipment 17,058 (969) 16,089 Goodwill 142,741 (17,109) 125,632 Other intangibles 126,557 22,966 149,523 Other assets 26 173 199 Current liabilities (23,440) 569 (22,871) Long-term deferred tax liability (33,918) (5,519) (39,437) Other non-current liabilities (1,930) (111) (2,041) Net assets acquired and liabilities assumed $ 267,008 $ — $ 267,008 The long-term deferred tax liability amounted to $39.4 million. The deferred tax liability is comprised of $37.4 million related to the difference between the book and tax basis of identifiable intangible assets and $2.0 million related to the difference between the book and tax basis on identifiable tangible asset and liability accounts. The goodwill and $105.7 million of other intangibles associated with the trade names are subject to the non-amortization provisions of ASC 350. Other intangibles also include $40.0 million allocated to customer relationships, $2.7 million allocated to developed technology and $1.1 million allocated to backlog, which are being amortized over periods of 7 years, 7 years, and 3 months, respectively. Goodwill of $125.6 million and other intangibles of $149.5 million from this acquisition are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. Goodwill and other intangibles are not expected to be deductible for tax purposes. The company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the company is waiting for additional information necessary to finalize those fair values for all acquisitions completed during 2021. The intangible assets are pending external valuation and are preliminarily valued using historical information from the Residential Kitchen Equipment Group and qualitative assessment of the business at acquisition date. Specifically, the company estimated the fair values of the intangible assets based on the percentage of purchase price assigned to similar intangible assets in previous acquisitions. Thus, the provisional measurements of fair values set forth above are subject to change. The company expects to complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. Kamado Joe and Masterbuilt On December 27, 2021, the company completed its acquisition of all of the member interests of Masterbuilt Holdings, LLC ("Kamado Joe and Masterbuilt") and their residential outdoor brands of Kamado Joe and Masterbuilt, a leader in outdoor residential cooking located in the Atlanta, Georgia area, for a purchase price of approximately $400.7 million, net of cash acquired. The purchase price included $403.6 million in cash and 12,921 shares of Middleby common stock valued at $2.5 million. The purchase price is subject to adjustment based upon a working capital provision provided by the purchase agreement. The company expects to finalize this in the second quarter of 2022. The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair values of assets acquired and liabilities assumed (in thousands): Preliminary Opening Balance Sheet Cash $ 5,381 Current assets 137,826 Property, plant and equipment 7,773 Goodwill 110,052 Other intangibles 215,577 Other assets 2,143 Current liabilities (54,865) Long-term deferred tax liability (15,907) Other non-current liabilities (1,914) Net assets acquired and liabilities assumed $ 406,066 The long-term deferred tax liability amounted to $15.9 million. The net deferred tax liability is comprised of $2.3 million of deferred tax asset related to tax loss carryforwards and $18.2 million of deferred tax liability related to the difference between the book and tax basis on identifiable tangible asset and liability accounts. The goodwill and $158.8 million of other intangibles associated with the trade names are subject to the non-amortization provisions of ASC 350. Other intangibles also include $50.3 million allocated to customer relationships and $6.5 million allocated to backlog, which are being amortized over periods of 7 years and 3 months, respectively. Goodwill of $110.1 million and other intangibles of $215.6 million of the company are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. Of these assets, goodwill of $71.7 million and intangibles of $164.3 million are expected to be deductible for tax purposes. The company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the company is waiting for additional information necessary to finalize those fair values for all acquisitions completed during 2021. The intangible assets are pending external valuation and are preliminarily valued using historical information from the Residential Kitchen Equipment Group and qualitative assessment of the business at acquisition date. Specifically, the company estimated the fair values of the intangible assets based on the percentage of purchase price assigned to similar intangible assets in previous acquisitions. Thus, the provisional measurements of fair values set forth above are subject to change. The company expects to complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. Other 2021 Acquisitions During the year ended January 1, 2022, the company completed various acquisitions that were not individually material. The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2021 acquisitions and are summarized as follows (in thousands): Preliminary Opening Balance Sheet Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 6,414 $ — $ 6,414 Current assets 76,077 223 76,300 Property, plant and equipment 19,561 (72) 19,489 Goodwill 85,270 9,065 94,335 Other intangibles 158,725 (9,193) 149,532 Other assets 2,101 31 2,132 Current liabilities (33,910) (38) (33,948) Long-term deferred tax liability (3,010) — (3,010) Other non-current liabilities (7,092) (16) (7,108) Consideration paid at closing $ 304,136 $ — $ 304,136 Contingent consideration 9,404 — 9,404 Net assets acquired and liabilities assumed $ 313,540 $ — $ 313,540 The long-term deferred tax liability amounted to $3.0 million. The net deferred tax liability is comprised of $0.6 million of deferred tax asset related to tax loss carryforwards and $3.6 million of deferred tax liability related to the difference between the book and tax basis on identifiable tangible asset and liability accounts. The goodwill and $97.1 million of other intangibles associated with the trade names are subject to the non-amortization provisions of ASC 350. Other intangibles also include $41.1 million allocated to customer relationships, $3.4 million allocated to developed technology, and $7.9 million allocated to backlog, which are being amortized over periods of 7 years, 7 years, and 3 months, respectively. Goodwill of $30.5 million and other intangibles of $89.0 million are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. Goodwill of $63.8 million and other intangibles of $60.5 million are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. Of these assets, goodwill of $92.3 million and intangibles of $148.4 million are expected to be deductible for tax purposes. One purchase agreement includes earnout provisions providing for contingent payments due to the sellers to the extent certain financial targets are exceeded and upon the achievement of product rollout targets. One earnout is payable upon the achievement of product rollout targets. The second earnout is payable during 2026 if the company exceeds certain earnings targets. The contractual obligation associated with the contingent earnout provisions recognized on the acquisition date amount to $9.4 million. The company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the company is waiting for additional information necessary to finalize those fair values for all acquisitions completed during 2021. Certain intangible assets are pending external valuation and are preliminarily valued using historical information from the Residential Kitchen Equipment Group and Commercial Foodservice Equipment Group and qualitative assessments of the individual businesses at acquisition date. Specifically, the company estimated the fair values of the intangible assets based on the percentage of purchase price assigned to similar intangible assets in previous acquisitions. Thus, the provisional measurements of fair values set forth above are subject to change. The company expects to complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. Pro Forma Financial Information In accordance with ASC 805 Business Combinations , the following unaudited pro forma results of operations for the twelve months ended January 1, 2022 and January 2, 2021, assumes the 2020 and 2021 acquisitions described above were completed on December 29, 2019 (first day of fiscal year 2020). The following pro forma results include adjustments to reflect amortization of intangibles associated with the acquisitions and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): Twelve Months Ended January 1, 2022 January 2, 2021 Net sales $ 3,732,010 $ 2,980,164 Net earnings 519,879 177,923 Net earnings per share: Basic $ 9.42 $ 3.23 Diluted $ 9.17 $ 3.23 The historical consolidated financial information of the Company and the acquisitions have been adjusted in the pro forma information to give effect to pro forma events that are (1) directly attributable to the transactions, (2) factually supportable and (3) expected to have a continuing impact on the combined results. Pro forma data may not be indicative of the results that would have been obtained had these acquisitions occurred at the beginning of the periods presented, nor is it intended to be a projection of future results. Additionally, the pro forma financial information does not reflect the costs which the company has incurred or may incur to integrate the acquired businesses.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jan. 01, 2022
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 2021, 2020, and 2019 ended on January 1, 2022, January 2, 2021 and December 28, 2019, respectively, and included 52, 53 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 $18.8 million and $19.2 million at January 1, 2022 and January 2, 2021, respectively. At January 1, 2022, 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 1, 2022 and January 2, 2021 are as follows (in thousands): 2021 2020 Raw materials and parts $ 421,361 $ 263,200 Work in process 65,581 55,104 Finished goods 350,476 221,894 $ 837,418 $ 540,198 (e) Property, Plant and Equipment Property, plant and equipment are carried at cost as follows (in thousands): 2021 2020 Land $ 54,477 $ 40,707 Building and improvements 270,812 245,435 Furniture and fixtures 56,706 68,063 Machinery and equipment 265,188 220,148 647,183 574,353 Less accumulated depreciation (266,203) (229,871) $ 380,980 $ 344,482 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 $42.7 million, $39.1 million and $37.9 million in fiscal 2021, 2020 and 2019, 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. Asset impairments are recorded at the amount by which the recorded value of an asset exceeds its fair value. (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 of the fiscal year 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 performed a qualitative assessment as of October 3, 2021 over all three reporting units and determined it is not more likely than not that the fair values of our reporting units are less than the carrying amounts and therefore quantitative analysis is not required. No impairment was recognized and 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 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 Goodwill acquired during the year 63,849 — 266,170 330,019 Measurement period adjustments to goodwill acquired in prior year 2,411 — — 2,411 Exchange effect (9,609) (5,083) (8,530) (23,222) Balance as of January 1, 2022 $ 1,285,087 $ 250,715 $ 707,667 $ 2,243,469 Intangible assets consist of the following (in thousands): January 1, 2022 January 2, 2021 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer relationships 7.6 $ 863,339 $ (411,327) 8.5 $ 735,264 $ (347,029) Backlog 0.2 13,684 (929) 0.3 5,443 (2,638) Developed technology 8.9 73,461 (29,952) 10.0 56,931 (24,394) $ 950,484 $ (442,208) $ 797,638 $ (374,061) Indefinite-lived intangible assets: Trademarks and trade names $ 1,367,101 $ 1,026,804 The company completed its annual impairment assessment for indefinite-lived intangible assets as of October 3, 2021. Based on this qualitative assessment, the company determined it is not more likely than not that the fair values of our reporting units are less than the carrying amounts and therefore a quantitative impairment analysis was not required. The estimates of future cash flows used in determining the fair value of goodwill and indefinite-lived 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 company continues to monitor the global impact of the COVID-19 pandemic to assess the outlook for demand of its products and the impact on its business and financial performance. The actual cash flows could differ materially from management's estimates due to changes in business conditions, operating performance and economic conditions. During 2020 testing, the company recorded impairment charges of $11.6 million associated with several trade names, 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. Definite-lived intangible assets are amortized over their estimated useful lives and tested for impairment in accordance with the methodology discussed above under "Property, Plant and Equipment." The aggregate intangible amortization expense was $75.8 million, $69.0 million and $64.0 million in 2021, 2020 and 2019, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands): 2022 $ 95,132 2023 76,386 2024 64,914 2025 58,553 2026 55,277 2027 and thereafter 158,014 $ 508,276 (g) Accrued Expenses Accrued expenses consist of the following at January 1, 2022 and January 2, 2021, respectively (in thousands): 2021 2020 Contract liabilities $ 133,315 $ 93,871 Accrued payroll and related expenses 115,762 93,926 Accrued warranty 80,215 69,667 Accrued customer rebates 72,451 43,703 Accrued short-term leases 22,753 22,493 Accrued sales and other tax 22,684 22,030 Accrued professional fees 19,292 12,133 Accrued agent commission 13,670 11,105 Accrued product liability and workers compensation 10,952 12,909 Accrued interest rate swaps 1,171 14,075 Accrued liabilities held for sale — 22,313 Other accrued expenses 90,590 76,316 $ 582,855 $ 494,541 (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): 2021 2020 Unrecognized pension benefit costs, net of tax of $(39,470) and $(89,059) $ (249,696) $ (400,919) Unrealized loss on interest rate swap, net of tax of $(4,501) and $(13,120) (13,064) (37,548) Unrealized gain on certain investments, net of tax of $433 and $— 1,330 — Currency translation adjustments (97,654) (49,961) $ (359,084) $ (488,428) 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 Unrealized Gain Certain Investments Total 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) Other comprehensive income before reclassification (47,693) 137,187 6,015 1,330 96,839 Amounts reclassified from accumulated other comprehensive income — 14,036 18,469 — 32,505 Net current-period other comprehensive income $ (47,693) $ 151,223 $ 24,484 $ 1,330 $ 129,344 Balance as of January 1, 2022 $ (97,654) $ (249,696) $ (13,064) $ 1,330 $ (359,084) (1) As of January 1, 2022 pension, unrealized gain/(loss) interest rate swap and gain on certain investments amounts are net of tax of $(39.5) million, $(4.5) million and $0.4 million, respectively. During the twelve months ended January 1, 2022, the adjustments to pension benefit costs unrealized gain/(loss) interest rate swap and gain on certain investments were net of tax of $49.6 million, $8.6 million and $0.4 million, respectively. (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 1, 2022 and January 2, 2021 are as follows (in thousands): Fair Value Fair Value Fair Value Total As of January 1, 2022 Financial Assets: Interest rate swaps $ — $ 3,645 $ — $ 3,645 Foreign exchange derivative contracts $ — $ 1,095 $ — $ 1,095 Financial Liabilities: Interest rate swaps $ — $ 21,635 $ — $ 21,635 Contingent consideration $ — $ — $ 34,983 $ 34,983 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 The contingent consideration, as of January 1, 2022 and January 2, 2021, 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 2021 the increase in contingent consideration was associated with 2021 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 gain of $0.3 million, loss of $2.9 million and a loss of $0.9 million in 2021, 2020 and 2019, 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 2021 and 2020 are as follows (in thousands): 2021 2020 Beginning balance $ 69,667 $ 66,374 Warranty reserve related to acquisitions 5,046 1,485 Warranty expense 68,199 58,047 Warranty claims paid (62,697) (56,239) Ending balance $ 80,215 $ 69,667 (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 $41.8 million, $35.3 million and $41.2 million in fiscal 2021, 2020 and 2019, respectively. (o) Non-Cash Share-Based Compensation The company's 2021 Stock Incentive Plan (the "2021 Plan"), allows for the granting of stock options, stock appreciation rights, restricted stock and restricted stock units, performance stock, phantom units and other equity-based awards. The company estimates the fair value of restricted stock grants, restricted stock units and performance stock at the time of grant and recognizes compensation costs over the vesting period of the grants. The expense, net of forfeitures, is recognized using the straight-line method. Non-cash share-based compensation expense is only recognized for those grants expected to vest. See Note 6, "Common and Preferred Stock," for further information on the company's share-based incentive plans. (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 approximately 1,449,000, 43,000, and 9,000 for fiscal 2021, 2020 and 2019, respectively. The company’s potentially dilutive securities consist of shares issuable on vesting of restricted stock grants computed using the treasury method and amounted to approximately 56,000 for fiscal 2021. During fiscal 2021, the average market price of the company's common stock exceeded the exercise price of the Convertible Notes resulting in approximately 1,393,000 diluted stock equivalents to be included in the diluted net earnings per share. There have been no conversions to date. 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 2021, 2020 or 2019. (q) Consolidated Statements of Cash Flows Cash paid for interest was $50.6 million, $65.6 million and $80.9 million in fiscal 2021, 2020 and 2019, respectively. Cash payments totaling $125.8 million, $41.2 million, and $91.5 million were made for income taxes during fiscal 2021, 2020 and 2019, respectively. (r) New Accounting Pronouncements Accounting Pronouncements - Recently Adopted 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 is 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. Effective January 3, 2021, the company early adopted ASU 2020-06 using the modified retrospective approach. Adoption of the new standard resulted in an increase to the opening balance of retained earnings of $5.1 million, a decrease to additional paid-in capital of $79.4 million, and an increase to convertible senior notes of $98.4 million. In addition, the company ceased recording non-cash interest expense associated with amortization of the debt discount and calculates earnings per share using the if-converted method to the extent those shares are not anti-dilutive. 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. The company adopted this guidance on January 3, 2021, and it did not have a material impact on the company's Consolidated Financial Statements upon adoption. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848)," which clarified that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition related to reference rate reform. The amendments in this update were effective immediately for all entities. The adoption of this guidance did not materially impact the company's Consolidated Financial Statements. Accounting Pronouncements - To be adopted On May 3, 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options. This new standard provides clarification and reduces diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (such as warrants) that remain equity classified after modification or exchange. This guidance is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The company is currently evaluating the impacts the adoption of this guidance will have on its Consolidated Financial Statements and disclosures. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832), Disclosures by Business Entities About Government Assistance, which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements, and any significant terms and conditions of the agreements, including commitments and contingencies. The new standard is effective for the company on January 2, 2022 and only impacts annual financial statement footnote disclosures. The company is currently evaluating the impacts the adoption of this guidance will have on its Consolidated Financial Statements and disclosures.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Jan. 01, 2022
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. 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. The company treats shipping and handling activities performed after the customer obtains control of the good as a contract fulfillment activity. 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 1, 2022 United States and Canada $ 1,435,120 $ 347,280 $ 454,375 $ 2,236,775 Asia 204,432 17,641 11,154 233,227 Europe and Middle East 344,273 77,671 265,508 687,452 Latin America 48,936 38,154 6,248 93,338 Total $ 2,032,761 $ 480,746 $ 737,285 $ 3,250,792 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 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 1, 2022 January 2, 2021 Contract assets $ 21,592 $ 20,328 Contract liabilities $ 133,315 $ 93,871 Non-current contract liabilities $ 11,602 $ 13,523

Financing Arragements

Financing Arragements	12 Months Ended
	Jan. 01, 2022
Debt Disclosure [Abstract]
Financing Arrangements	FINANCING ARRANGEMENTS 2021 2020 (in thousands) Senior secured revolving credit line $ 683,175 $ 755,000 Term loan facility 993,340 335,938 Convertible senior notes 734,417 632,847 Foreign loans 2,224 4,421 Other debt arrangement 1,138 1,390 Total debt 2,414,294 1,729,596 Less: Current maturities of long-term debt 27,293 22,944 Long-term debt $ 2,387,001 $ 1,706,652 On October 21, 2021, the company entered into an amended and restated five-year, $4.5 billion multi-currency senior secured credit agreement (the "Credit Facility") that amends and restates the company's pre-existing $3.1 billion credit facility which had an original maturity of January 31, 2025. The Credit Facility consists of (i) a $1 billion term loan facility, (ii) a $750 million delayed draw term loan facility, and (iii) a $2.75 billion multi-currency revolving credit facility, with the potential under certain circumstances, to increase the amount of the credit facility by the greater of $625 million and 100% of consolidated EBITDA for the most recently ended period of consecutive fiscal quarters (plus additional amounts, subject to compliance with a senior secured net leverage ratio), either by increasing the revolving commitment or by adding one or more revolver or term loan tranches. The Credit Facility matures on October 21, 2026, with the potential to extend the maturity date in one year increments with the consent of the extending lenders. The term facility will amortize in equal quarterly installments due on the last day of each fiscal quarter, commencing with the first full fiscal quarter after October 21, 2021, in an aggregate 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 October 21, 2026. The delayed draw term loan facility is available for borrowing within one year and will amortize in quarterly installments due on the last day of each fiscal quarter, commencing with the first full fiscal quarter after each delayed draw term loan borrowing in an amount equal to 0.625% of the original aggregate principal amount of such borrowing, with the balance, plus any accrued interest, due and payable on October 21, 2026. Fees associated with the amendment of the term loan facilities are 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 Credit Facility. 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 (the "2020 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. In December 2021, the company entered into two tranches of privately negotiated Capped Call Transactions (the "2021 Capped Call Transactions") in the aggregate amount of $54.6 million. The 2020 and 2021 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. Credit Facility As of January 1, 2022, the company had $1.7 billion of borrowings outstanding under the Credit Facility, including $1.0 billion outstanding under the term loan ($993 million, net of unamortized issuance fees). The company also had $2.7 million in outstanding letters of credit as of January 1, 2022, which reduces the borrowing availability under the Credit Facility. Remaining borrowing capacity under this facility was $2.8 billion at January 1, 2022. At January 1, 2022, borrowings under the Credit Facility accrued interest at a rate of 1.375% above LIBOR per annum or 0.375% 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. Borrowings under the Credit Facility will accrue interest at a minimum of 1.375% above LIBOR and the variable unused commitment fee will be at a minimum of 0.20%. The average interest rate per annum, inclusive of hedging instruments, on the debt under the Credit Facility was equal to 2.32% at the end of the period and the variable commitment fee was equal to 0.20% per annum as of January 1, 2022. The term loan facility had an average interest rate per annum, inclusive of hedging instruments, of 2.93% as of January 1, 2022. In addition, the company has international credit facilities to fund working capital needs outside the United States. At January 1, 2022, these foreign credit facilities amounted to $2.2 million in U.S. Dollars with a weighted average per annum interest rate of approximately 10.18%. 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 1, 2022 Jan 2, 2021 Carrying Value Fair Value Carrying Value Fair Value Total debt excluding convertible senior notes $ 1,679,877 $ 1,686,537 $ 1,096,749 $ 1,096,749 The company uses floating-to-fixed interest rate swap agreements to hedge variable interest rate risk associated with the Credit Facility. At January 1, 2022, the company had outstanding floating-to-fixed interest rate swaps totaling $94.0 million notional amount carrying an average interest rate of 1.45% maturing in less than 12 months and $708.0 million notional amount carrying an average interest rate of 1.98% that mature in more than 12 months but less than 63 months. In February 2022, subsequent to year end fiscal 2021, the company entered into an additional floating-to-fixed interest rate swap agreements totaling $375.0 million notional amount carrying an average interest rate of 1.50%. 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 Secured Leverage Ratio (as defined in the Credit Facility) of Funded Debt less Unrestricted Cash to Pro Forma EBITDA (each as defined in the Credit Facility) of 3.75 to 1.00, which may be adjusted to 4.25 to 1.00 for a four consecutive fiscal quarter period in connection with certain qualified acquisitions, subject to the terms and conditions contained in the Credit Facility. The Credit Facility is secured by substantially all of the assets of Middleby Marshall, the company and the company's domestic subsidiaries and is unconditionally guaranteed by, subject to certain exceptions, the company and certain of the company's direct and indirect material foreign and domestic subsidiaries. The Credit Facility contains certain customary events of default, including, but not limited to, the failure to make required payments; bankruptcy and other insolvency events; the failure to perform certain covenants; the material breach of a representation or warranty; non-payment of certain other indebtedness; the entry of undischarged judgments against the company or any subsidiary for the payment of material uninsured amounts; the invalidity of the company guarantee or any subsidiary guaranty; and a change of control of the company. At January 1, 2022, the company was in compliance with all covenants pursuant to its borrowing agreements. Convertible Notes The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes: Jan 1, 2022 Jan 2, 2021 (in thousands) Principal amounts: Principal $ 747,500 $ 747,500 Unamortized debt discount — (98,358) Unamortized issuance costs (13,083) (16,295) Net carrying amount $ 734,417 $ 632,847 The following table summarizes total interest expense recognized related to the Convertible Notes: Twelve Months Ended Jan 1, 2022 Jan 2, 2021 Contractual interest expense $ 7,454 $ 2,720 Interest cost related to amortization of the debt discount and issuance costs 3,484 7,971 Total interest expense $ 10,938 $ 10,691 The estimated fair value of the Convertible Notes was $1.2 billion as of January 1, 2022 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 $396.0 million as of January 1, 2022. 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. The company initially separated the Convertible Notes into liability and equity components. The equity component of the Convertible Notes of approximately $105.0 million was included in the additional paid-in capital and the resulting debt discount was being amortized to interest expense at an effective interest rate of 1.5%, which is no longer applicable upon adoption of ASU 2020-06 as discussed in Note 3 to the Consolidated Financial Statement. 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 2020 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. Under the 2021 Capped Call Transactions, the number of shares of common stock issuable at the conversion prices of $216.50 and $225.00 is expected to be 3.5 million shares and 3.3 million shares, respectively. During the twelve months period ended January 1, 2022, no Convertible Notes have been converted to date. 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 2020 Capped Call Transactions and 2021 Capped Call Transactions (collectively, 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 2020 Capped Call Transactions have an initial cap price of $207.93 per share of the company's common stock. The 2021 Capped Call Transactions have initial cap prices of $216.50 and $225.00 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): 2022 $ 27,293 2023 23,621 2024 23,634 2025 757,945 2026 and thereafter 1,581,801 $ 2,414,294

Common and Preferred Stock

Common and Preferred Stock	12 Months Ended
	Jan. 01, 2022
Stockholders' Equity Note [Abstract]
Common and Preferred Stock	COMMON AND PREFERRED STOCK (a) Shares Authorized At January 1, 2022 and January 2, 2021, 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. During 2021, the company repurchased 141,500 shares of its common stock under the program for $26.6 million, including applicable commissions, which represented an average price of $188.17. As of January 1, 2022, 1,164,665 shares had been purchased under the 2017 stock repurchase program and 1,335,335 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. During 2021, the company repurchased 15,480 shares of its common stock that were surrendered to the company for withholding taxes related to restricted stock vestings for $2.7 million. (c) Share-Based Awards The company maintains an incentive plan under which the company's Board of Directors grants share-based awards to key employees. On May 10, 2021, the 2021 Stock Incentive Plan (the "2021 Plan") was approved, which included a maximum amount of 1,350,000 shares allowed to be awarded plus the shares remaining for future grants under the 2011 Stock Incentive Plan (the "2011 Plan") as of the approval date and any shares outstanding that are subsequently forfeited or expired. Thus, no further shares are available to grant under the 2011 Plan and the maximum amount of shares available for future grants under the 2021 Plan as of January 1, 2022 is 1,642,966. Non-cash share-based compensation of $42.3 million, $19.6 million and $8.1 million was recognized for fiscal 2021, 2020 and 2019, respectively, associated with restricted share grants and restricted stock units. The company recorded a related tax benefit of $0.4 million, $2.7 million and less than $0.5 million in fiscal 2021, 2020 and 2019, respectively. Restricted share grants: The company has issued restricted share grant awards, which are generally time and performance based and were not subject to market conditions. The fair value of restricted share grants represents the closing share price of the company's stock as of the date of the grant and is recognized over the vesting period of the awards. The weighted average grant date fair value was $181.31, $57.74 and $113.26 per share for restricted share grants in fiscal 2021, 2020 and 2019 respectively, which represents the closing share price of the company’s stock as of the date of grant. The approximate fair value of restricted shares vested were $7.3 million, $44.8 million, $16.5 million for fiscal 2021, 2020 and 2019, respectively. A summary of the company’s nonvested restricted share grant activity and their corresponding fair value on the date of grant for fiscal year ended January 1, 2022 is as follows: Shares Weighted Nonvested shares at January 2, 2021 433,065 $ 112.54 Granted 4,399 181.31 Vested (43,485) 115.77 Forfeited (213,673) 112.49 Nonvested shares at January 1, 2022 180,306 $ 113.31 As of January 1, 2022, there was $3.7 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 0.34 years. Restricted stock units: During 2020, the company began granting 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. The fair value for time based units are valued at the closing share price of the company’s stock as of the date of the grant and the fair value for performance units are based upon valuations using the Monte Carlo Methodology. 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. Time vesting units vest equally over two or three years and performance units vest based on achievement of certain company performance criteria over the two or three year period, as set forth in the grant agreement ranging from 0 to 200% of the target shares granted. The weighted average grant date fair value was $166.41 and $134.25 per share for restricted stock units in fiscal 2021 and 2020, respectively. No restricted stock units have vested. A summary of the company’s nonvested restricted stock unit activity at target shares and their corresponding fair value on the date of grant for fiscal year ended January 1, 2022 is as follows: Units Weighted Nonvested shares at January 2, 2021 47,500 $ 134.25 Granted 287,624 166.41 Nonvested shares at January 1, 2022 335,124 $ 161.85 As of January 1, 2022, there was $66.2 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 1.74 years.

Income Taxes

Income Taxes	12 Months Ended
	Jan. 01, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Earnings before taxes is summarized as follows (in thousands): 2021 2020 2019 Domestic $ 453,357 $ 178,813 $ 336,688 Foreign 166,147 89,244 125,931 Total $ 619,504 $ 268,057 $ 462,619 The provision for income taxes is summarized as follows (in thousands): 2021 2020 2019 Federal $ 84,689 $ 36,908 $ 69,074 State and local 24,363 8,815 16,203 Foreign 21,960 15,040 25,102 Total $ 131,012 $ 60,763 $ 110,379 Current $ 124,149 $ 44,342 $ 88,167 Deferred 6,863 16,421 22,212 Total $ 131,012 $ 60,763 $ 110,379 Reconciliation of the differences between income taxes computed at the federal statutory rate to the effective rate are as follows: 2021 2020 2019 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 3.1 3.2 3.2 Permanent differences 0.5 (0.4) 0.6 Foreign income tax rate at rates other than U.S. statutory 0.2 0.5 0.2 Deferred tax changes (2.2) (0.7) — Tax refunds (0.7) — — Change in valuation allowances (1) 0.4 (0.1) 0.1 Tax on unremitted earnings 0.4 1.2 0.3 Other (1.6) (2.0) (1.5) Consolidated effective tax 21.1 % 22.7 % 23.9 % (1) Net of changes in related tax attributes. The company’s effective tax rate for 2021 was 21.1% as compared to 22.7% in 2020. The effective tax rate for 2021 reflects favorable tax adjustments for deferred tax rate changes, tax refunds and adjustments for the finalization of 2020 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. At January 1, 2022 and January 2, 2021, the company had recorded the following deferred tax assets and liabilities (in thousands): 2021 2020 Deferred tax assets: Compensation related $ 21,543 $ 12,328 Pension and post-retirement benefits 49,072 88,709 Inventory reserves 14,453 14,732 Accrued liabilities and reserves 17,088 22,049 Warranty reserves 19,286 17,890 Operating lease liability 18,643 16,180 Interest rate swaps 4,573 12,997 Convertible debt 37,034 — Net operating loss carryforwards 17,083 20,747 Other 12,695 17,187 Gross deferred tax assets 211,470 222,819 Valuation allowance (10,222) (11,731) Deferred tax assets $ 201,248 $ 211,088 Deferred tax liabilities: Intangible assets $ (273,974) $ (226,598) Depreciable assets (26,996) (26,916) Basis difference on affiliates (18,795) — Operating lease right-of-use assets (18,029) (15,921) Other (17,195) (12,825) Deferred tax liabilities $ (354,989) $ (282,260) Net deferred tax assets (liabilities) $ (153,741) $ (71,172) Long-term deferred asset 33,194 76,052 Long-term deferred liability (186,935) (147,224) Net deferred tax assets (liabilities) $ (153,741) $ (71,172) The company has recorded tax reserves on undistributed foreign earnings not permanently reinvested of $9.7 million and $7.5 million at January 1, 2022 and January 2, 2021, 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 $538.0 million on January 1, 2022. 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 $17.1 million as of January 1, 2022. These net operating losses are available to reduce future taxable earnings of certain domestic and foreign subsidiaries. United States federal loss carryforwards total $29.0 million of which $5.6 million will expire through 2036 and $23.4 million have no expiration date. State loss carryforwards total $34.2 million and expire through 2040 and international loss carryforwards total $44.7 million and expire through 2038; however, some have no expiration date. Of these carryforwards, $33.4 million are subject to full valuation allowance. As of January 1, 2022, the total amount of liability for unrecognized tax benefits related to federal, state and foreign taxes was approximately $36.2 million (of which $36.2 million would impact the effective tax rate if recognized) plus approximately $7.1 million of accrued interest and $6.0 million of penalties. The company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. Interest recognized in fiscal years 2021, 2020 and 2019 was $0.9 million, $0.8 million and $0.4 million, respectively. Penalties recognized in fiscal years 2021, 2020 and 2019 was $(1.0) million, $(0.2) million and $(0.9) 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 28, 2019, January 2, 2021 and January 1, 2022 (in thousands): Balance at December 28, 2019 $ 31,559 Increases to current year tax positions 3,657 Increase to prior year tax positions 183 Decrease to prior year tax positions (53) Settlements (533) Lapse of statute of limitations (4,484) Balance at January 2, 2021 $ 30,329 Increases to current year tax positions 1,760 Increase to prior year tax positions 6,796 Decrease to prior year tax positions (576) Settlements (1,180) Lapse of statute of limitations (920) Balance as of January 1, 2022 $ 36,209 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 $3.8 million of its remaining unrecognized tax benefits may be recognized by the end of 2022 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 2016 through the current year.

Financial Instruments

Financial Instruments	12 Months Ended
	Jan. 01, 2022
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 notional amount of foreign currency contracts outstanding was $350.5 million and $155.6 million as of January 1, 2022 and January 2, 2021, respectively. The fair value of these forward contracts was an unrealized gain of $1.1 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 $18.0 million and $51.1 million as of January 1, 2022 and January 2, 2021, respectively. The change in fair value of these swap agreements in 2021 was a gain of $24.6 million, net of taxes. A summary of the company’s interest rate swaps is as follows (in thousands): Twelve Months Ended Location Jan 1, 2022 Jan 2, 2021 Fair value Other assets $ 3,645 $ — Fair value Accrued expenses $ 1,171 $ 14,075 Fair value Other non-current liabilities $ 20,464 $ 37,018 Amount of gain/(loss) recognized in other comprehensive income Other comprehensive income $ 14,634 $ (43,317) Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (18,469) $ (15,514) 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. 01, 2022
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 $31.5 million, $30.1 million and $30.6 million in fiscal 2021, 2020 and 2019 respectively, including short-term lease expense and variable lease costs, which were immaterial in the year. Leases (in thousands) January 1, 2022 January 2, 2021 Operating lease right-of-use assets: Other assets $ 93,388 $ 97,193 Operating lease liabilities: Accrued expenses 22,753 22,493 Other non-current liabilities 74,202 76,529 Total Liability $ 96,955 $ 99,022 Total Lease Commitments (in thousands) Operating Leases 2022 $ 24,903 2023 21,458 2024 17,588 2025 12,581 2026 10,122 2027 and thereafter 19,062 Total future lease commitments 105,714 Less imputed interest 8,759 Total $ 96,955 Other Lease Information (in thousands, except lease term and discount rate) Twelve Months Ended January 1, 2022 Twelve Months Ended January 2, 2021 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 25,957 $ 26,024 Right-of-use assets obtained in exchange for lease obligations: Operating leases 16,353 25,433 January 1, 2022 January 2, 2021 Weighted-average remaining lease terms - Operating 5.6 years 6.0 years Weighted-average discount rate - Operating 2.8 % 3.0 %

Segment Information

Segment Information	12 Months Ended
	Jan. 01, 2022
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. The Food Processing Equipment Group manufactures preparation, cooking, packaging food handling and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market. 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 2021 Net sales $ 2,032,761 $ 480,746 $ 737,285 $ — $ 3,250,792 Income (loss) from operations (3,4,7) 423,121 94,414 124,701 (12,244) 629,992 Depreciation expense 23,814 5,601 12,655 611 42,681 Amortization expense (5) 56,910 7,247 11,628 6,777 82,562 Net capital expenditures 26,507 9,111 9,232 1,701 46,551 Total assets 3,522,630 637,252 2,153,758 69,958 6,383,598 Long-lived assets (6) 292,593 54,934 169,028 41,112 557,667 2020 Net sales $ 1,510,279 $ 437,272 $ 565,706 $ — $ 2,513,257 Income (loss) from operations (3,7) 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 Income (loss) from operations (3,8) 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 (1) Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. (2) Includes corporate and other general company assets and operations. (3) Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details. (4) Termination fee from Welbilt merger is included in Corporate and Other. (5) Includes amortization of deferred financing costs and Convertible Notes issuance costs. (6) Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets. (7) Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021 and Gain on sale of plant is included in Commercial Foodservice for 2020. (8) Gain on litigation settlement is included in Residential Kitchen. Geographic Information Long-lived assets, not including goodwill and other intangibles (in thousands): 2021 2020 2019 United States and Canada $ 359,215 $ 331,688 $ 305,207 Asia 32,986 28,018 22,312 Europe and Middle East 157,432 181,242 165,781 Latin America 8,034 6,391 6,519 Total International 198,452 215,651 194,612 $ 557,667 $ 547,339 $ 499,819

Employee Retirement Plans

Employee Retirement Plans	12 Months Ended
	Jan. 01, 2022
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 was 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 2021 Fiscal 2020 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net Periodic Pension Cost (Benefit): Service cost $ — $ 773 $ — $ 2,581 Interest cost 841 17,340 1,043 25,966 Expected return on assets (1,029) (78,956) (999) (72,795) Amortization of net loss 1,118 12,741 763 3,449 Amortization of prior service cost — 2,879 — 2,577 Curtailment loss — — — 14,682 $ 930 $ (45,223) $ 807 $ (23,540) Change in Benefit Obligation: Benefit obligation – beginning of year $ 38,897 $ 1,744,574 $ 35,395 $ 1,501,616 Service cost — 773 — 2,581 Prior service cost — — — 2,309 Interest on benefit obligations 841 17,340 1,043 25,966 Member contributions — 81 — 312 Actuarial (gain) loss (1,617) (135,475) 4,146 186,945 Net benefit payments (1,698) (65,138) (1,687) (62,878) Curtailment loss — — — 14,682 Exchange effect — (18,008) — 73,041 Benefit obligation – end of year $ 36,423 $ 1,544,147 $ 38,897 $ 1,744,574 Change in Plan Assets: Plan assets at fair value – beginning of year $ 17,455 $ 1,296,516 $ 16,744 $ 1,231,181 Company contributions 1,233 4,890 1,587 5,745 Investment gain 1,299 123,708 811 69,824 Member contributions — 81 — 312 Benefit payments and plan expenses (1,698) (65,138) (1,687) (62,878) Exchange effect — (17,456) — 52,332 Plan assets at fair value – end of year $ 18,289 $ 1,342,601 $ 17,455 $ 1,296,516 Funded Status: Unfunded benefit obligation $ (18,134) $ (201,546) $ (21,442) $ (448,058) Amounts recognized in balance sheet at year end: Accrued pension benefits $ (18,134) $ (201,546) $ (21,442) $ (448,058) Fiscal 2021 Fiscal 2020 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 $ 7,419 $ 281,745 $ 10,424 $ 479,554 Pre-tax components recognized in other comprehensive income for the period: Current year actuarial (gain) loss $ (1,887) $ (181,518) $ 4,334 $ 211,494 Actuarial loss recognized (1,118) (12,832) (763) (3,841) Prior service cost — — — 3,335 Prior service cost recognized — (3,457) — (1,550) Total amount recognized $ (3,005) $ (197,807) $ 3,571 $ 209,438 Accumulated Benefit Obligation $ 36,423 $ 1,544,117 $ 38,897 $ 1,744,536 Salary growth rate n/a 0.8 % n/a 0.8 % Assumed discount rate 2.6 % 1.9 % 2.2 % 1.2 % 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 2021 2020 Equity 48 % 53 % 48 % Fixed income 40 36 39 Money market 4 1 3 Other (real estate investment trusts & commodities contracts) 8 10 10 100 % 100 % 100 % Non-U.S. Plans: Target Allocation Percentage of Plan Assets 2021 2020 Equity 17 % 11 % 12 % Fixed income 38 56 57 Alternatives/Other 32 15 15 Real Estate 13 15 13 Cash and cash equivalents — 3 3 100 % 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 1, 2022 and January 2, 2021 (in thousands): U.S. Plans: Fiscal 2021 Fiscal 2020 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) $ 274 $ — $ 274 $ 533 $ — $ 533 Equity Securities: Large Cap 3,928 3,928 — 3,443 3,443 — Mid Cap 413 413 — 407 407 — Small Cap 424 424 — 489 489 — International 4,918 4,918 — 4,198 4,198 — Fixed Income: Government/Corporate 5,137 5,137 — 5,517 5,517 — High Yield 1,383 1,383 — 1,211 1,211 — Alternative: Global Real Estate Investment Trust 758 758 — 1,063 1,063 — Commodities Contracts 1,054 1,054 — 594 594 — Total $ 18,289 $ 18,015 $ 274 $ 17,455 $ 16,922 $ 533 (a) Represents collective short term investment fund, composed of high-grade money market instruments with short maturities. Non-U.S. Plans: Fiscal 2021 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 51,780 $ 6,566 $ 5,092 $ — $ 40,122 Equity Securities: UK 6,470 1,878 — — 4,592 International: Developed 117,751 3,034 — — 114,717 Emerging 31,392 435 — — 30,957 Unquoted/Private Equity 2,195 1 — — 2,194 Fixed Income: Government/Corporate: UK 259,833 15,471 — — 244,362 International 114,973 — — — 114,973 Index Linked 364,666 2,138 — — 362,528 Other 7,811 — — — 7,811 Convertible Bonds 185 — — — 185 Real Estate: Direct 183,045 — 183,045 — — Indirect 8,030 80 3,038 — 4,912 Hedge Fund Strategy: Equity Long/Short 29,345 — — — 29,345 Arbitrage & Event 25,788 — — — 25,788 Directional Trading & Fixed Income 3,266 — — — 3,266 Cash & Other 196,930 — — — 196,930 Direct Sourcing 1,156 — — — 1,156 Leveraged Loans 30,224 — — — 30,224 Alternative/Other (92,239) 453 — — (92,692) Total $ 1,342,601 $ 30,056 $ 191,175 $ — $ 1,121,370 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 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. 2022 $ 1,798 $ 62,209 2023 1,802 63,462 2024 1,810 63,739 2025 1,831 64,817 2026 through 2031 11,597 388,203 Expected contributions to the U.S. Plans and Non-U.S. Plans to be made in 2022 are $0.4 million and $4.0 million, respectively. (b) Defined Contribution Plans As of January 1, 2022, 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.

Restructuring and Acquisition I

Restructuring and Acquisition Integration Initiatives	12 Months Ended
	Jan. 01, 2022
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 2021, 2020 and 2019, 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 $5.4 million, $10.1 million and $6.4 million in the twelve months ended January 1, 2022, January 2, 2021 and December 28, 2019 respectively, primarily for severance related to headcount reductions associated with COVID-19 pandemic and facility consolidations. These expenses are reflected in restructuring expenses in the Consolidated Statements of Earnings. The primary realization of cost savings from the restructuring initiatives began in 2020 with an expected annual savings of approximately $20.0 million. At January 1, 2022, the restructuring obligations accrued for these initiatives are immaterial and will be substantially complete by the end of fiscal year 2022. The restructuring expenses for the other segments of the company were not material during fiscal years 2021, 2020 and 2019. In December 2020, the company recorded an impairment of approximately $2.9 million associated to reflect the fair market value of assets held for sale of a non-core business within the Residential Kitchen Equipment Group. This charge was reflected in impairments in the Consolidated Statements of Earnings. As a result approximately $17.4 million of current assets have been classified as held for sale, within prepaid expenses and other current assets and approximately $22.3 million of liabilities have been classified as held for sale within accrued expenses on the Consolidated Balance Sheets. The sale was completed in January 2021.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Jan. 01, 2022
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 1, 2022, JANUARY 2, 2021 AND December 28, 2019 (amounts in thousands) Balance Additions/ Other Adjustments (1) Write-Offs Balance Allowance for doubtful accounts; deducted from accounts receivable on the balance sheets- 2021 $ 19,225 $ 809 $ 554 $ (1,818) $ 18,770 2020 $ 14,886 $ 6,868 $ 1,239 $ (3,768) $ 19,225 2019 $ 13,608 $ 1,941 $ 2,009 $ (2,672) $ 14,886 (1) Amounts consist primarily of valuation allowances assumed from acquired companies. Balance Additions/ Write-Offs Balance Valuation allowance - Deferred tax assets 2021 $ 11,731 $ 1,138 $ (2,647) $ 10,222 2020 $ 7,754 $ 3,977 $ — $ 11,731 2019 $ 26,023 $ 129 $ (18,398) $ 7,754

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jan. 01, 2022
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 2021, 2020, and 2019 ended on January 1, 2022, January 2, 2021 and December 28, 2019, respectively, and included 52, 53 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 $18.8 million and $19.2 million at January 1, 2022 and January 2, 2021, respectively. At January 1, 2022, 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 of the fiscal year 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	Non-Cash Share-Based CompensationThe company's 2021 Stock Incentive Plan (the "2021 Plan"), allows for the granting of stock options, stock appreciation rights, restricted stock and restricted stock units, performance stock, phantom units and other equity-based awards. The company estimates the fair value of restricted stock grants, restricted stock units and performance stock at the time of grant and recognizes compensation costs over the vesting period of the grants. The expense, net of forfeitures, is recognized using the straight-line method. Non-cash share-based compensation expense is only recognized for those grants expected to vest.
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 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 is 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. Effective January 3, 2021, the company early adopted ASU 2020-06 using the modified retrospective approach. Adoption of the new standard resulted in an increase to the opening balance of retained earnings of $5.1 million, a decrease to additional paid-in capital of $79.4 million, and an increase to convertible senior notes of $98.4 million. In addition, the company ceased recording non-cash interest expense associated with amortization of the debt discount and calculates earnings per share using the if-converted method to the extent those shares are not anti-dilutive. 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. The company adopted this guidance on January 3, 2021, and it did not have a material impact on the company's Consolidated Financial Statements upon adoption. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848)," which clarified that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition related to reference rate reform. The amendments in this update were effective immediately for all entities. The adoption of this guidance did not materially impact the company's Consolidated Financial Statements. Accounting Pronouncements - To be adopted On May 3, 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options. This new standard provides clarification and reduces diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (such as warrants) that remain equity classified after modification or exchange. This guidance is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The company is currently evaluating the impacts the adoption of this guidance will have on its Consolidated Financial Statements and disclosures. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832), Disclosures by Business Entities About Government Assistance, which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements, and any significant terms and conditions of the agreements, including commitments and contingencies. The new standard is effective for the company on January 2, 2022 and only impacts annual financial statement footnote disclosures. The company is currently evaluating the impacts the adoption of this guidance will have on its Consolidated Financial Statements and disclosures.

Revenue Recognition (Policies)

Revenue Recognition (Policies)	12 Months Ended
	Jan. 01, 2022
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. 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. The company treats shipping and handling activities performed after the customer obtains control of the good as a contract fulfillment activity. 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.

Leases Commitments (Policies)

Leases Commitments (Policies)	12 Months Ended
	Jan. 01, 2022
Leases [Abstract]
Lease commitments policy	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.

Aqcuisitions and Purchase Accou

Aqcuisitions and Purchase Accounting (Tables)	12 Months Ended
	Jan. 01, 2022
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 acquisitions and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): Twelve Months Ended January 1, 2022 January 2, 2021 Net sales $ 3,732,010 $ 2,980,164 Net earnings 519,879 177,923 Net earnings per share: Basic $ 9.42 $ 3.23 Diluted $ 9.17 $ 3.23
2020 Acquisitions
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The final allocation of consideration paid for the other 2020 acquisitions is summarized as follows (in thousands): Preliminary Opening Balance Sheet Measurement Adjusted Opening Balance Sheet Cash $ 14,647 $ — $ 14,647 Current assets 43,670 (13,390) 30,280 Property, plant and equipment 3,014 (349) 2,665 Goodwill 55,335 3,847 59,182 Other intangibles 63,201 625 63,826 Other assets 6,121 52 6,173 Current liabilities (54,478) 13,037 (41,441) Long-term deferred tax (liability) asset (123) 387 264 Other non-current liabilities (21,902) 791 (21,111) Consideration paid at closing $ 109,485 $ 5,000 $ 114,485 Deferred payments 8,666 (468) 8,198 Contingent consideration 16,144 (836) 15,308 Net assets acquired and liabilities assumed $ 134,295 $ 3,696 $ 137,991
Novy
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair values of assets acquired and liabilities assumed (in thousands): Preliminary Opening Balance Sheet Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 16,152 $ — $ 16,152 Current assets 23,762 — 23,762 Property, plant and equipment 17,058 (969) 16,089 Goodwill 142,741 (17,109) 125,632 Other intangibles 126,557 22,966 149,523 Other assets 26 173 199 Current liabilities (23,440) 569 (22,871) Long-term deferred tax liability (33,918) (5,519) (39,437) Other non-current liabilities (1,930) (111) (2,041) Net assets acquired and liabilities assumed $ 267,008 $ — $ 267,008
Kamado Joe and Masterbuilt
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair values of assets acquired and liabilities assumed (in thousands): Preliminary Opening Balance Sheet Cash $ 5,381 Current assets 137,826 Property, plant and equipment 7,773 Goodwill 110,052 Other intangibles 215,577 Other assets 2,143 Current liabilities (54,865) Long-term deferred tax liability (15,907) Other non-current liabilities (1,914) Net assets acquired and liabilities assumed $ 406,066
2021 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 other 2021 acquisitions and are summarized as follows (in thousands): Preliminary Opening Balance Sheet Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 6,414 $ — $ 6,414 Current assets 76,077 223 76,300 Property, plant and equipment 19,561 (72) 19,489 Goodwill 85,270 9,065 94,335 Other intangibles 158,725 (9,193) 149,532 Other assets 2,101 31 2,132 Current liabilities (33,910) (38) (33,948) Long-term deferred tax liability (3,010) — (3,010) Other non-current liabilities (7,092) (16) (7,108) Consideration paid at closing $ 304,136 $ — $ 304,136 Contingent consideration 9,404 — 9,404 Net assets acquired and liabilities assumed $ 313,540 $ — $ 313,540

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jan. 01, 2022
Accounting Policies [Abstract]
Schedule of Inventory, Current	Inventories at January 1, 2022 and January 2, 2021 are as follows (in thousands): 2021 2020 Raw materials and parts $ 421,361 $ 263,200 Work in process 65,581 55,104 Finished goods 350,476 221,894 $ 837,418 $ 540,198
Property, Plant and Equipment	Property, plant and equipment are carried at cost as follows (in thousands): 2021 2020 Land $ 54,477 $ 40,707 Building and improvements 270,812 245,435 Furniture and fixtures 56,706 68,063 Machinery and equipment 265,188 220,148 647,183 574,353 Less accumulated depreciation (266,203) (229,871) $ 380,980 $ 344,482
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 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 Goodwill acquired during the year 63,849 — 266,170 330,019 Measurement period adjustments to goodwill acquired in prior year 2,411 — — 2,411 Exchange effect (9,609) (5,083) (8,530) (23,222) Balance as of January 1, 2022 $ 1,285,087 $ 250,715 $ 707,667 $ 2,243,469
Schedule Of Intangible Assets By Major Class	Intangible assets consist of the following (in thousands): January 1, 2022 January 2, 2021 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer relationships 7.6 $ 863,339 $ (411,327) 8.5 $ 735,264 $ (347,029) Backlog 0.2 13,684 (929) 0.3 5,443 (2,638) Developed technology 8.9 73,461 (29,952) 10.0 56,931 (24,394) $ 950,484 $ (442,208) $ 797,638 $ (374,061) Indefinite-lived intangible assets: Trademarks and trade names $ 1,367,101 $ 1,026,804
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization expense of intangible assets is as follows (in thousands): 2022 $ 95,132 2023 76,386 2024 64,914 2025 58,553 2026 55,277 2027 and thereafter 158,014 $ 508,276
Schedule of Accrued Liabilities	Accrued expenses consist of the following at January 1, 2022 and January 2, 2021, respectively (in thousands): 2021 2020 Contract liabilities $ 133,315 $ 93,871 Accrued payroll and related expenses 115,762 93,926 Accrued warranty 80,215 69,667 Accrued customer rebates 72,451 43,703 Accrued short-term leases 22,753 22,493 Accrued sales and other tax 22,684 22,030 Accrued professional fees 19,292 12,133 Accrued agent commission 13,670 11,105 Accrued product liability and workers compensation 10,952 12,909 Accrued interest rate swaps 1,171 14,075 Accrued liabilities held for sale — 22,313 Other accrued expenses 90,590 76,316 $ 582,855 $ 494,541
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): 2021 2020 Unrecognized pension benefit costs, net of tax of $(39,470) and $(89,059) $ (249,696) $ (400,919) Unrealized loss on interest rate swap, net of tax of $(4,501) and $(13,120) (13,064) (37,548) Unrealized gain on certain investments, net of tax of $433 and $— 1,330 — Currency translation adjustments (97,654) (49,961) $ (359,084) $ (488,428) 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 Unrealized Gain Certain Investments Total 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) Other comprehensive income before reclassification (47,693) 137,187 6,015 1,330 96,839 Amounts reclassified from accumulated other comprehensive income — 14,036 18,469 — 32,505 Net current-period other comprehensive income $ (47,693) $ 151,223 $ 24,484 $ 1,330 $ 129,344 Balance as of January 1, 2022 $ (97,654) $ (249,696) $ (13,064) $ 1,330 $ (359,084)
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 1, 2022 and January 2, 2021 are as follows (in thousands): Fair Value Fair Value Fair Value Total As of January 1, 2022 Financial Assets: Interest rate swaps $ — $ 3,645 $ — $ 3,645 Foreign exchange derivative contracts $ — $ 1,095 $ — $ 1,095 Financial Liabilities: Interest rate swaps $ — $ 21,635 $ — $ 21,635 Contingent consideration $ — $ — $ 34,983 $ 34,983 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
Schedule of Product Warranty Liability	A rollforward of the warranty reserve for the fiscal years 2021 and 2020 are as follows (in thousands): 2021 2020 Beginning balance $ 69,667 $ 66,374 Warranty reserve related to acquisitions 5,046 1,485 Warranty expense 68,199 58,047 Warranty claims paid (62,697) (56,239) Ending balance $ 80,215 $ 69,667

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Jan. 01, 2022
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 1, 2022 United States and Canada $ 1,435,120 $ 347,280 $ 454,375 $ 2,236,775 Asia 204,432 17,641 11,154 233,227 Europe and Middle East 344,273 77,671 265,508 687,452 Latin America 48,936 38,154 6,248 93,338 Total $ 2,032,761 $ 480,746 $ 737,285 $ 3,250,792 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
Contract with Customer, Asset and Liability	The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands): January 1, 2022 January 2, 2021 Contract assets $ 21,592 $ 20,328 Contract liabilities $ 133,315 $ 93,871 Non-current contract liabilities $ 11,602 $ 13,523

Financing Arrangements (Tables)

Financing Arrangements (Tables)	12 Months Ended
	Jan. 01, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	2021 2020 (in thousands) Senior secured revolving credit line $ 683,175 $ 755,000 Term loan facility 993,340 335,938 Convertible senior notes 734,417 632,847 Foreign loans 2,224 4,421 Other debt arrangement 1,138 1,390 Total debt 2,414,294 1,729,596 Less: Current maturities of long-term debt 27,293 22,944 Long-term debt $ 2,387,001 $ 1,706,652
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 1, 2022 Jan 2, 2021 Carrying Value Fair Value Carrying Value Fair Value Total debt excluding convertible senior notes $ 1,679,877 $ 1,686,537 $ 1,096,749 $ 1,096,749
Convertible Debt	The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes: Jan 1, 2022 Jan 2, 2021 (in thousands) Principal amounts: Principal $ 747,500 $ 747,500 Unamortized debt discount — (98,358) Unamortized issuance costs (13,083) (16,295) Net carrying amount $ 734,417 $ 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 1, 2022 Jan 2, 2021 Contractual interest expense $ 7,454 $ 2,720 Interest cost related to amortization of the debt discount and issuance costs 3,484 7,971 Total interest expense $ 10,938 $ 10,691
Schedule of Maturities of Long-term Debt	2022 $ 27,293 2023 23,621 2024 23,634 2025 757,945 2026 and thereafter 1,581,801 $ 2,414,294

Common and Preferred Stock (Tab

Common and Preferred Stock (Tables)	12 Months Ended
	Jan. 01, 2022
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 year ended January 1, 2022 is as follows: Shares Weighted Nonvested shares at January 2, 2021 433,065 $ 112.54 Granted 4,399 181.31 Vested (43,485) 115.77 Forfeited (213,673) 112.49 Nonvested shares at January 1, 2022 180,306 $ 113.31
Schedule of Unvested Restricted Stock Units Roll Forward	A summary of the company’s nonvested restricted stock unit activity at target shares and their corresponding fair value on the date of grant for fiscal year ended January 1, 2022 is as follows: Units Weighted Nonvested shares at January 2, 2021 47,500 $ 134.25 Granted 287,624 166.41 Nonvested shares at January 1, 2022 335,124 $ 161.85

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jan. 01, 2022
Income Tax Disclosure [Abstract]
Schedule of Earnings Before Taxes	Earnings before taxes is summarized as follows (in thousands): 2021 2020 2019 Domestic $ 453,357 $ 178,813 $ 336,688 Foreign 166,147 89,244 125,931 Total $ 619,504 $ 268,057 $ 462,619
Schedule of Provision of Taxes	The provision for income taxes is summarized as follows (in thousands): 2021 2020 2019 Federal $ 84,689 $ 36,908 $ 69,074 State and local 24,363 8,815 16,203 Foreign 21,960 15,040 25,102 Total $ 131,012 $ 60,763 $ 110,379 Current $ 124,149 $ 44,342 $ 88,167 Deferred 6,863 16,421 22,212 Total $ 131,012 $ 60,763 $ 110,379
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: 2021 2020 2019 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 3.1 3.2 3.2 Permanent differences 0.5 (0.4) 0.6 Foreign income tax rate at rates other than U.S. statutory 0.2 0.5 0.2 Deferred tax changes (2.2) (0.7) — Tax refunds (0.7) — — Change in valuation allowances (1) 0.4 (0.1) 0.1 Tax on unremitted earnings 0.4 1.2 0.3 Other (1.6) (2.0) (1.5) Consolidated effective tax 21.1 % 22.7 % 23.9 %
Schedule of Deferred Assets and Liabilities	At January 1, 2022 and January 2, 2021, the company had recorded the following deferred tax assets and liabilities (in thousands): 2021 2020 Deferred tax assets: Compensation related $ 21,543 $ 12,328 Pension and post-retirement benefits 49,072 88,709 Inventory reserves 14,453 14,732 Accrued liabilities and reserves 17,088 22,049 Warranty reserves 19,286 17,890 Operating lease liability 18,643 16,180 Interest rate swaps 4,573 12,997 Convertible debt 37,034 — Net operating loss carryforwards 17,083 20,747 Other 12,695 17,187 Gross deferred tax assets 211,470 222,819 Valuation allowance (10,222) (11,731) Deferred tax assets $ 201,248 $ 211,088 Deferred tax liabilities: Intangible assets $ (273,974) $ (226,598) Depreciable assets (26,996) (26,916) Basis difference on affiliates (18,795) — Operating lease right-of-use assets (18,029) (15,921) Other (17,195) (12,825) Deferred tax liabilities $ (354,989) $ (282,260) Net deferred tax assets (liabilities) $ (153,741) $ (71,172) Long-term deferred asset 33,194 76,052 Long-term deferred liability (186,935) (147,224) Net deferred tax assets (liabilities) $ (153,741) $ (71,172)
Schedule of Unrecognized Tax Benefits	The following table summarizes the activity related to the unrecognized tax benefits for the fiscal years ended December 28, 2019, January 2, 2021 and January 1, 2022 (in thousands): Balance at December 28, 2019 $ 31,559 Increases to current year tax positions 3,657 Increase to prior year tax positions 183 Decrease to prior year tax positions (53) Settlements (533) Lapse of statute of limitations (4,484) Balance at January 2, 2021 $ 30,329 Increases to current year tax positions 1,760 Increase to prior year tax positions 6,796 Decrease to prior year tax positions (576) Settlements (1,180) Lapse of statute of limitations (920) Balance as of January 1, 2022 $ 36,209

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Jan. 01, 2022
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 1, 2022 Jan 2, 2021 Fair value Other assets $ 3,645 $ — Fair value Accrued expenses $ 1,171 $ 14,075 Fair value Other non-current liabilities $ 20,464 $ 37,018 Amount of gain/(loss) recognized in other comprehensive income Other comprehensive income $ 14,634 $ (43,317) Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (18,469) $ (15,514)

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Jan. 01, 2022
Leases [Abstract]
Lease, Cost	Leases (in thousands) January 1, 2022 January 2, 2021 Operating lease right-of-use assets: Other assets $ 93,388 $ 97,193 Operating lease liabilities: Accrued expenses 22,753 22,493 Other non-current liabilities 74,202 76,529 Total Liability $ 96,955 $ 99,022
Lessee, Operating Lease, Liability, Maturity	Total Lease Commitments (in thousands) Operating Leases 2022 $ 24,903 2023 21,458 2024 17,588 2025 12,581 2026 10,122 2027 and thereafter 19,062 Total future lease commitments 105,714 Less imputed interest 8,759 Total $ 96,955
Other Lease Information	Other Lease Information (in thousands, except lease term and discount rate) Twelve Months Ended January 1, 2022 Twelve Months Ended January 2, 2021 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 25,957 $ 26,024 Right-of-use assets obtained in exchange for lease obligations: Operating leases 16,353 25,433 January 1, 2022 January 2, 2021 Weighted-average remaining lease terms - Operating 5.6 years 6.0 years Weighted-average discount rate - Operating 2.8 % 3.0 %

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jan. 01, 2022
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 2021 Net sales $ 2,032,761 $ 480,746 $ 737,285 $ — $ 3,250,792 Income (loss) from operations (3,4,7) 423,121 94,414 124,701 (12,244) 629,992 Depreciation expense 23,814 5,601 12,655 611 42,681 Amortization expense (5) 56,910 7,247 11,628 6,777 82,562 Net capital expenditures 26,507 9,111 9,232 1,701 46,551 Total assets 3,522,630 637,252 2,153,758 69,958 6,383,598 Long-lived assets (6) 292,593 54,934 169,028 41,112 557,667 2020 Net sales $ 1,510,279 $ 437,272 $ 565,706 $ — $ 2,513,257 Income (loss) from operations (3,7) 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 Income (loss) from operations (3,8) 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 (1) Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. (2) Includes corporate and other general company assets and operations. (3) Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details. (4) Termination fee from Welbilt merger is included in Corporate and Other. (5) Includes amortization of deferred financing costs and Convertible Notes issuance costs. (6) Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets. (7) Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021 and Gain on sale of plant is included in Commercial Foodservice for 2020. (8) Gain on litigation settlement is included in Residential Kitchen.
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): 2021 2020 2019 United States and Canada $ 359,215 $ 331,688 $ 305,207 Asia 32,986 28,018 22,312 Europe and Middle East 157,432 181,242 165,781 Latin America 8,034 6,391 6,519 Total International 198,452 215,651 194,612 $ 557,667 $ 547,339 $ 499,819

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	12 Months Ended
	Jan. 01, 2022
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 2021 Fiscal 2020 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net Periodic Pension Cost (Benefit): Service cost $ — $ 773 $ — $ 2,581 Interest cost 841 17,340 1,043 25,966 Expected return on assets (1,029) (78,956) (999) (72,795) Amortization of net loss 1,118 12,741 763 3,449 Amortization of prior service cost — 2,879 — 2,577 Curtailment loss — — — 14,682 $ 930 $ (45,223) $ 807 $ (23,540) Change in Benefit Obligation: Benefit obligation – beginning of year $ 38,897 $ 1,744,574 $ 35,395 $ 1,501,616 Service cost — 773 — 2,581 Prior service cost — — — 2,309 Interest on benefit obligations 841 17,340 1,043 25,966 Member contributions — 81 — 312 Actuarial (gain) loss (1,617) (135,475) 4,146 186,945 Net benefit payments (1,698) (65,138) (1,687) (62,878) Curtailment loss — — — 14,682 Exchange effect — (18,008) — 73,041 Benefit obligation – end of year $ 36,423 $ 1,544,147 $ 38,897 $ 1,744,574 Change in Plan Assets: Plan assets at fair value – beginning of year $ 17,455 $ 1,296,516 $ 16,744 $ 1,231,181 Company contributions 1,233 4,890 1,587 5,745 Investment gain 1,299 123,708 811 69,824 Member contributions — 81 — 312 Benefit payments and plan expenses (1,698) (65,138) (1,687) (62,878) Exchange effect — (17,456) — 52,332 Plan assets at fair value – end of year $ 18,289 $ 1,342,601 $ 17,455 $ 1,296,516 Funded Status: Unfunded benefit obligation $ (18,134) $ (201,546) $ (21,442) $ (448,058) Amounts recognized in balance sheet at year end: Accrued pension benefits $ (18,134) $ (201,546) $ (21,442) $ (448,058) Fiscal 2021 Fiscal 2020 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 $ 7,419 $ 281,745 $ 10,424 $ 479,554 Pre-tax components recognized in other comprehensive income for the period: Current year actuarial (gain) loss $ (1,887) $ (181,518) $ 4,334 $ 211,494 Actuarial loss recognized (1,118) (12,832) (763) (3,841) Prior service cost — — — 3,335 Prior service cost recognized — (3,457) — (1,550) Total amount recognized $ (3,005) $ (197,807) $ 3,571 $ 209,438 Accumulated Benefit Obligation $ 36,423 $ 1,544,117 $ 38,897 $ 1,744,536 Salary growth rate n/a 0.8 % n/a 0.8 % Assumed discount rate 2.6 % 1.9 % 2.2 % 1.2 % 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 2021 2020 Equity 48 % 53 % 48 % Fixed income 40 36 39 Money market 4 1 3 Other (real estate investment trusts & commodities contracts) 8 10 10 100 % 100 % 100 % Non-U.S. Plans: Target Allocation Percentage of Plan Assets 2021 2020 Equity 17 % 11 % 12 % Fixed income 38 56 57 Alternatives/Other 32 15 15 Real Estate 13 15 13 Cash and cash equivalents — 3 3 100 % 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 1, 2022 and January 2, 2021 (in thousands): U.S. Plans: Fiscal 2021 Fiscal 2020 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) $ 274 $ — $ 274 $ 533 $ — $ 533 Equity Securities: Large Cap 3,928 3,928 — 3,443 3,443 — Mid Cap 413 413 — 407 407 — Small Cap 424 424 — 489 489 — International 4,918 4,918 — 4,198 4,198 — Fixed Income: Government/Corporate 5,137 5,137 — 5,517 5,517 — High Yield 1,383 1,383 — 1,211 1,211 — Alternative: Global Real Estate Investment Trust 758 758 — 1,063 1,063 — Commodities Contracts 1,054 1,054 — 594 594 — Total $ 18,289 $ 18,015 $ 274 $ 17,455 $ 16,922 $ 533 (a) Represents collective short term investment fund, composed of high-grade money market instruments with short maturities. Non-U.S. Plans: Fiscal 2021 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 51,780 $ 6,566 $ 5,092 $ — $ 40,122 Equity Securities: UK 6,470 1,878 — — 4,592 International: Developed 117,751 3,034 — — 114,717 Emerging 31,392 435 — — 30,957 Unquoted/Private Equity 2,195 1 — — 2,194 Fixed Income: Government/Corporate: UK 259,833 15,471 — — 244,362 International 114,973 — — — 114,973 Index Linked 364,666 2,138 — — 362,528 Other 7,811 — — — 7,811 Convertible Bonds 185 — — — 185 Real Estate: Direct 183,045 — 183,045 — — Indirect 8,030 80 3,038 — 4,912 Hedge Fund Strategy: Equity Long/Short 29,345 — — — 29,345 Arbitrage & Event 25,788 — — — 25,788 Directional Trading & Fixed Income 3,266 — — — 3,266 Cash & Other 196,930 — — — 196,930 Direct Sourcing 1,156 — — — 1,156 Leveraged Loans 30,224 — — — 30,224 Alternative/Other (92,239) 453 — — (92,692) Total $ 1,342,601 $ 30,056 $ 191,175 $ — $ 1,121,370 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
Schedule of Expected Benefit Payments	Estimated future benefit payments under the plans are as follows (dollars in thousands): U.S. Non-U.S. 2022 $ 1,798 $ 62,209 2023 1,802 63,462 2024 1,810 63,739 2025 1,831 64,817 2026 through 2031 11,597 388,203

Nature of Operations (Details)

Nature of Operations (Details)	12 Months Ended
	Jan. 01, 2022segment
Regulatory Assets [Line Items]
Number of operating segments	3
United States
Regulatory Assets [Line Items]
Number of manufacturing plants	39
International
Regulatory Assets [Line Items]
Number of manufacturing plants	28

Termination of Welbilt Merger (

Termination of Welbilt Merger (Details) - USD ($) $ in Millions	Jul. 14, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Business Acquisition [Line Items]
Merger termination fee		$ 110	$ 0	$ 0
Welbilt
Business Acquisition [Line Items]
Merger termination fee	$ 110
Business Acquisition, Transaction Costs		$ 19.7

Acquisitions and Purchase Accou

Acquisitions and Purchase Accounting Acquisition and Purchase Accounting - Other 2020 Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Business Acquisition [Line Items]
Goodwill	$ 2,243,469	$ 1,934,261	$ 1,849,747
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	30,280
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	2,665
Goodwill	59,182
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	63,826
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	6,173
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(41,441)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(264)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(21,111)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	114,485
Business Combination, Deferred Payments, Liability	8,198
Business Combination, Contingent Consideration, Liability	15,308
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	137,991
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	300
Business Acquisition, Goodwill, Expected Tax Deductible Amount	24,400
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	63,500
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, 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	(13,390)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(349)
Goodwill	3,847
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	625
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	52
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	13,037
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(387)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	791
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	5,000
Business Combination, Deferred Payments, Liability	(468)
Business Combination, Contingent Consideration, Liability	(836)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	3,696
Tradenames And Trademarks | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	15,700
Customer Relationships | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	10,600
Developed Technology Rights | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	31,200
Backlog | 2020 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	6,300
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	1,285,087	$ 1,228,436	$ 1,153,552
Commercial Foodservice Equipment Group | 2020 Acquisitions
Business Acquisition [Line Items]
Goodwill	59,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 63,800
Minimum | Customer Relationships | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years
Minimum | Developed Technology Rights | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years
Minimum | Backlog | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Maximum | Customer Relationships | 2020 Acquisitions
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 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

Acquisitions and Purchase Acc_2

Acquisitions and Purchase Accounting Estimated Fair Values of Asset Acquired and Liabilities Assumed - Novy (Details) - USD ($)	Jul. 12, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 963,600,000	$ 79,003,000	$ 281,058,000
Goodwill		2,243,469,000	1,934,261,000	1,849,747,000
Residential Kitchen
Business Acquisition [Line Items]
Goodwill		$ 707,667,000	$ 450,027,000	$ 438,516,000
Novy
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 250,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	16,152,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	23,762,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	16,089,000
Goodwill	125,632,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	149,523,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	199,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(22,871,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(39,437,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(2,041,000)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	267,008,000
Novy | Residential Kitchen
Business Acquisition [Line Items]
Goodwill	125,600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	149,500,000
Novy | Tradenames And Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	105,700,000
Novy | Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 40,000,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Novy | Developed Technology Rights
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 2,700,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Novy | Backlog
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,100,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Novy | Book and tax difference, identifiable intangible assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	$ 37,400,000
Novy | Book and tax difference, identifiable tangible assets and liabilities
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	2,000,000
Novy | Previously Reported
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	16,152,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	23,762,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	17,058,000
Goodwill	142,741,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	126,557,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	26,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(23,440,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(33,918,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(1,930,000)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	267,008,000
Novy | 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	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(969,000)
Goodwill	(17,109,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	22,966,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	173,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	569,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(5,519,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(111,000)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 0

Acquisitions and Purchase Acc_3

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - Kamado Joe and Masterbuilt (Details) - USD ($) $ in Thousands	Dec. 27, 2021	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 963,600	$ 79,003	$ 281,058
Stock Issued During Period, Value, Acquisitions		2,522	15,869	0
Goodwill		2,243,469	1,934,261	1,849,747
Residential Kitchen
Business Acquisition [Line Items]
Goodwill		$ 707,667	$ 450,027	$ 438,516
Kamado Joe and Masterbuilt
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 400,700
Payments to Acquire Businesses, Gross	$ 403,600
Stock Issued During Period, Shares, Acquisitions	12,921
Stock Issued During Period, Value, Acquisitions	$ 2,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	15,900
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	164,300
Business Acquisition, Goodwill, Expected Tax Deductible Amount	71,700
Kamado Joe and Masterbuilt | Residential Kitchen
Business Acquisition [Line Items]
Goodwill	110,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	215,600
Kamado Joe and Masterbuilt | Tradenames And Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	158,800
Kamado Joe and Masterbuilt | Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 50,300
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Kamado Joe and Masterbuilt | Backlog
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 6,500
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Kamado Joe and Masterbuilt | Tax loss carryforwards
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	$ (2,300)
Kamado Joe and Masterbuilt | Book and tax difference, identifiable intangible assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	18,200
Previously Reported | Kamado Joe and Masterbuilt
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	5,381
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	137,826
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	7,773
Goodwill	110,052
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	215,577
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	2,143
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(54,865)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(15,907)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(1,914)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 406,066

Acquisitions and Purchase Acc_4

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - 2021 Acquisition (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Business Acquisition [Line Items]
Goodwill	$ 2,243,469	$ 1,934,261	$ 1,849,747
Residential Kitchen
Business Acquisition [Line Items]
Goodwill	707,667	450,027	438,516
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	1,285,087	$ 1,228,436	$ 1,153,552
2021 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	6,414
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	76,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	19,489
Goodwill	94,335
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	149,532
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	2,132
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(33,948)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(3,010)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(7,108)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	304,136
Business Combination, Contingent Consideration, Liability	9,404
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	313,540
Business Acquisition, Goodwill, Expected Tax Deductible Amount	92,300
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	148,400
2021 Acquisitions | Residential Kitchen
Business Acquisition [Line Items]
Goodwill	30,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	89,000
2021 Acquisitions | Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	63,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	60,500
2021 Acquisitions | Tradenames And Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	97,100
2021 Acquisitions | Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 41,100
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2021 Acquisitions | Developed Technology Rights
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 3,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2021 Acquisitions | Backlog
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 7,900
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
2021 Acquisitions | Tax loss carryforwards
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	$ (600)
2021 Acquisitions | Book and tax difference, identifiable intangible assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	3,600
Previously Reported | 2021 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	6,414
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	76,077
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	19,561
Goodwill	85,270
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	158,725
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	2,101
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(33,910)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(3,010)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(7,092)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	304,136
Business Combination, Contingent Consideration, Liability	9,404
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	313,540
Measurement period adjustment | 2021 Acquisitions
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	223
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(72)
Goodwill	9,065
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(9,193)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	31
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(38)
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	(16)
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

Acquisitions and Purchase Acc_5

Acquisitions and Purchase Accounting - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net sales	$ 3,732,010	$ 2,980,164
Net earnings	$ 519,879	$ 177,923
Basic	$ 9.42	$ 3.23
Diluted	$ 9.17	$ 3.23

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Accounting Policies [Abstract]
Allowance for Doubtful Accounts Receivable, Current	$ 18,770	$ 19,225

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Inventories (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Accounting Policies [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 421,361	$ 263,200
Inventory, Work in Process, Net of Reserves	65,581	55,104
Inventory, Finished Goods, Net of Reserves	350,476	221,894
Inventory, Net	$ 837,418	$ 540,198

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Property Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Accounting Policies [Abstract]
Land	$ 54,477	$ 40,707
Building and improvements	270,812	245,435
Furniture and fixtures	56,706	68,063
Machinery and equipment	265,188	220,148
Property, pland and equipment, gross	647,183	574,353
Less accumulated depreciation	(266,203)	(229,871)
Property, plant and equipment, net	380,980	344,482
Depreciation	$ 42,681	$ 39,086	$ 37,852

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives (Details)	12 Months Ended
	Jan. 01, 2022
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_8

Summary of Significant Accounting Policies - Changes in the Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Goodwill [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss	$ 0
Goodwill [Roll Forward]
Balance beginning of period	1,934,261	$ 1,849,747
Goodwill, Acquired During Period	330,019	56,773
Measurement period adjustments to goodwill acquired in prior year	2,411	(7,018)
Goodwill Translation Accounting Adjustments	23,222	(34,759)
Balance end of period	2,243,469	1,934,261
Commercial Foodservice Equipment Group
Goodwill [Roll Forward]
Balance beginning of period	1,228,436	1,153,552
Goodwill, Acquired During Period	63,849	56,773
Measurement period adjustments to goodwill acquired in prior year	2,411	(56)
Goodwill Translation Accounting Adjustments	9,609	(18,167)
Balance end of period	1,285,087	1,228,436
Food Processing Group
Goodwill [Roll Forward]
Balance beginning of period	255,798	257,679
Goodwill, Acquired During Period	0	0
Measurement period adjustments to goodwill acquired in prior year	0	(8,732)
Goodwill Translation Accounting Adjustments	5,083	(6,851)
Balance end of period	250,715	255,798
Residential Kitchen
Goodwill [Roll Forward]
Balance beginning of period	450,027	438,516
Goodwill, Acquired During Period	266,170	0
Measurement period adjustments to goodwill acquired in prior year	0	1,770
Goodwill Translation Accounting Adjustments	8,530	(9,741)
Balance end of period	$ 707,667	$ 450,027

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 950,484	$ 797,638
Finite-Lived Intangible Assets, Accumulated Amortization	(442,208)	(374,061)
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		11,600
Finite-Lived Intangible Assets, Amortization Expense	$ 75,800	69,000	$ 64,000
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	7 years 7 months 6 days	8 years 6 months
Gross Carrying amount	$ 863,339	$ 735,264
Finite-Lived Intangible Assets, Accumulated Amortization	$ (411,327)	$ (347,029)
Service Backlog
Finite-Lived Intangible Assets [Line Items]
Estimated Weighted Avg Remaining LIfe	2 months 12 days	3 months 18 days
Gross Carrying amount	$ 13,684	$ 5,443
Finite-Lived Intangible Assets, Accumulated Amortization	$ (929)	$ (2,638)
Developed Technology Rights
Finite-Lived Intangible Assets [Line Items]
Estimated Weighted Avg Remaining LIfe	8 years 10 months 24 days	10 years
Gross Carrying amount	$ 73,461	$ 56,931
Finite-Lived Intangible Assets, Accumulated Amortization	(29,952)	(24,394)
Tradenames And Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,367,101	$ 1,026,804

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Jan. 01, 2022USD ($)
Accounting Policies [Abstract]
2022	$ 95,132
2023	76,386
2024	64,914
2025	58,553
2026	55,277
2027 and thereafter	158,014
Future amortization expense, net	$ 508,276

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Accrued Expenses [Line Items]
Contract liabilities	$ 133,315	$ 93,871
Accrued payroll and related expenses	115,762	93,926
Accrued warranty	80,215	69,667
Accrued customer rebates	72,451	43,703
Accrued short-term leases	22,753	22,493
Accrued sales and other tax	22,684	22,030
Accrued professional fees	19,292	12,133
Accrued agent commission	13,670	11,105
Accrued product liability and workers compensation	10,952	12,909
Accrued interest rate swaps	1,171	14,075
Accrued liabilities held for sale	0	22,313
Other accrued expenses	90,590	76,316
Accrued expenses	$ 582,855	$ 494,541
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Summary of Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrecognized pension benefit costs, net of tax	$ 249,696	$ 400,919
Unrealized loss on interest rate swap, net of tax	(13,064)	(37,548)
Unrealized gain on certain investments, net of tax	1,330	0
Currency translation adjustments	(97,654)	(49,961)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(359,084)	(488,428)	$ (350,933)
Accumulated Foreign Currency Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(97,654)	(49,961)	(105,705)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(249,696)	(400,919)	(228,336)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent | Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(13,064)	(37,548)	(16,892)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ 1,330	$ 0	$ 0

Summary of Significant Accou_13

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Income (Loss), Tax (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrecognized pension benefit costs, Tax	$ 39,470	$ (89,059)
Unrealized loss on interest rate swap, tax	(4,501)	(13,120)
Unrealized gain on certain investments, Tax	$ 433	$ 0

Summary of Significant Accou_14

Summary of Significant Accounting Policies - Changes in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (359,084)	$ (488,428)	$ (350,933)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(96,839)	155,252
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	32,505	17,757
Other Comprehensive Income (Loss), Net of Tax	129,344	(137,495)	(74,457)
Unrecognized pension benefit costs, Tax	(39,470)	89,059
Unrealized loss on interest rate swap, tax	(4,501)	(13,120)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) Certain Investments, tax	400
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	49,600
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Tax	8,619	(7,147)	(8,516)
Other Comprehensive Income (Loss), Unrealized Gain (loss) Certain Investments, Tax	400
Accumulated Foreign Currency Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(97,654)	(49,961)	(105,705)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	47,693	(55,744)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	(47,693)	55,744
Accumulated Defined Benefit Plans Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(249,696)	(400,919)	(228,336)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	137,187	(174,826)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	14,036	2,243
Other Comprehensive Income (Loss), Net of Tax	151,223	(172,583)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent | Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(13,064)	(37,548)	(16,892)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(6,015)	36,170
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	18,469	15,514
Other Comprehensive Income (Loss), Net of Tax	24,484	(20,656)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	1,330	0	$ 0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(1,330)	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	$ 1,330	$ 0

Summary of Significant Accou_15

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. 01, 2022	Jan. 02, 2021
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	$ 3,645,000
Financial Liabilities	21,635,000	$ 51,093,000
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	3,645,000
Financial Liabilities	21,635,000	51,093,000
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	34,983,000	25,558,000
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	34,983,000	25,558,000
Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	1,095,000
Financial Liabilities		2,191,000
Foreign Exchange Forward | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0
Financial Liabilities		0
Foreign Exchange Forward | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	1,095,000
Financial Liabilities		2,191,000
Foreign Exchange Forward | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	$ 0
Financial Liabilities		$ 0

Summary of Significant Accou_16

Summary of Significant Accounting Policies - Foreign Currency (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Accounting Policies [Abstract]
Foreign Currency Transaction Gain (Loss), before Tax	$ 0.3	$ 2.9	$ (0.9)

Summary of Significant Accou_17

Summary of Significant Accounting Policies - Rollforward of the Warranty Reserve (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 69,667	$ 66,374
Warranty reserve related to acquisitions	5,046	1,485
Warranty expense	68,199	58,047
Warranty claims paid	(62,697)	(56,239)
Ending balance	$ 80,215	$ 69,667

Summary of Significant Accou_18

Summary of Significant Accounting Policies - Research and Development Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Accounting Policies [Abstract]
Research and Development Expense	$ 41.8	$ 35.3	$ 41.2

Summary of Significant Accou_19

Summary of Significant Accounting Policies - Earnings Per Share (Details) - shares	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Accounting Policies [Abstract]
Weighted average number diluted shares outstanding (shares)	1,449,000	43,000	9,000
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	56,000
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	1,393,000

Summary of Significant Accou_20

Summary of Significant Accounting Policies - Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Accounting Policies [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities	$ 50.6	$ 65.6	$ 80.9
Income Taxes Paid	$ 125.8	$ 41.2	$ 91.5

Summary of Significant Accou_21

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt discount	$ 0	$ 98,358
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2020-06
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect Period of Adoption, Retained Earnings		5,100
Cumulative Effect Period of Adoption, Additional Paid In Capital		79,400
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2020-06 | Convertible Debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt discount		$ 98,400

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 3,250,792	$ 2,513,257	$ 2,959,446
United States And Canada
Disaggregation of Revenue [Line Items]
Net sales	2,236,775	1,752,778	1,944,101
Asia
Disaggregation of Revenue [Line Items]
Net sales	233,227	189,231	258,432
Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales	687,452	508,454	647,099
Latin America
Disaggregation of Revenue [Line Items]
Net sales	93,338	62,794	109,814
Commercial Foodservice Equipment Group
Disaggregation of Revenue [Line Items]
Net sales	2,032,761	1,510,279	1,984,345
Commercial Foodservice Equipment Group | United States And Canada
Disaggregation of Revenue [Line Items]
Net sales	1,435,120	1,067,872	1,334,776
Commercial Foodservice Equipment Group | Asia
Disaggregation of Revenue [Line Items]
Net sales	204,432	155,742	221,422
Commercial Foodservice Equipment Group | Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales	344,273	246,845	349,613
Commercial Foodservice Equipment Group | Latin America
Disaggregation of Revenue [Line Items]
Net sales	48,936	39,820	78,534
Food Processing Group
Disaggregation of Revenue [Line Items]
Net sales	480,746	437,272	400,951
Food Processing Group | United States And Canada
Disaggregation of Revenue [Line Items]
Net sales	347,280	311,042	246,572
Food Processing Group | Asia
Disaggregation of Revenue [Line Items]
Net sales	17,641	26,778	31,250
Food Processing Group | Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales	77,671	78,690	98,814
Food Processing Group | Latin America
Disaggregation of Revenue [Line Items]
Net sales	38,154	20,762	24,315
Residential Kitchen
Disaggregation of Revenue [Line Items]
Net sales	737,285	565,706	574,150
Residential Kitchen | United States And Canada
Disaggregation of Revenue [Line Items]
Net sales	454,375	373,864	362,753
Residential Kitchen | Asia
Disaggregation of Revenue [Line Items]
Net sales	11,154	6,711	5,760
Residential Kitchen | Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales	265,508	182,919	198,672
Residential Kitchen | Latin America
Disaggregation of Revenue [Line Items]
Net sales	$ 6,248	$ 2,212	$ 6,965

Revenue Recognition Contract wi

Revenue Recognition Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Revenue Recognition [Abstract]
Contract assets	$ 21,592	$ 20,328
Contract liabilities	133,315	93,871
Non-current contract liabilities	11,602	$ 13,523
Contract with Customer, Asset, Reclassified to Receivable	16,300
Contract with Customer, Liability, Revenue Recognized	77,300
Contract with Customer, Liability, Increase for Contract Acquired during the Period	129,000
Contract asset impairment	$ 0

Financing Arrangements - Schedu

Financing Arrangements - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Oct. 21, 2021	Jan. 02, 2021
Debt Instrument [Line Items]
Senior secured revolving credit line	$ 683,175		$ 755,000
Term loan facility	993,340	$ 1,000,000	335,938
Convertible Senior Notes	734,417		632,847
Other debt arrangement	1,138		1,390
Total debt	2,414,294		1,729,596
Less: Current maturities of long-term debt	27,293		22,944
Long-term debt	2,387,001		1,706,652
Foreign loans [Member]
Debt Instrument [Line Items]
Foreign loans	$ 2,224		$ 4,421

Financing Arrangements - Additi

Financing Arrangements - Additional Information (Details) - USD ($)	Oct. 21, 2021	Aug. 21, 2020	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 4,500,000,000	$ 3,100,000,000
Term loan facility	1,000,000,000		$ 993,340,000	$ 335,938,000
Delayed draw term loan facility	750,000,000
Long-term Line of Credit, Revolving Credit Facility	$ 2,750,000,000
Term loan facility amortization rate			2.50%
Delayed draw term loan facility, amortization quarter percent	0.625%
Payments for Premiums for Capped Call Confirmations, Debt Issuance			$ 54,553,000	104,650,000	$ 0
2021 Capped Call Transaction One
Debt Instrument [Line Items]
Payments for Premiums for Capped Call Confirmations, Debt Issuance			54,600,000
dollar amount
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 625,000,000
Line of Credit Facility, Potential Increase, Percentage	100.00%
Convertible Debt
Debt Instrument [Line Items]
Principal		$ 747,500,000	$ 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

Credit Facility (Details)

Credit Facility (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Oct. 21, 2021	Jan. 02, 2021
Debt Disclosure [Line Items]
Long-term line of credit	$ 1,700,000
Term loan facility, gross	1,000,000
Term loan facility	993,340	$ 1,000,000	$ 335,938
Letters of credit outstanding	2,700
Remaining borrowing capacity	$ 2,800,000
Credit facility, additional interest rate above LIBOR	1.375%
Debt Instrument Interest Additional Interest Above LIBOR Rate Alternative	0.375%
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	1.375%
Line Of Credit Facility Commitment Fee Percentage, elevated covenants	0.20%
Credit facility, average interest rate	2.32%
Variable commitment fee	0.20%
Term loan facility average interest rate	2.93%
Line of credit, Current and Noncurrent, Foreign	$ 2,200
Interest rate at period end	10.18%
Derivative Notional Amount, Current	$ 94,000
Derivative Fixed Interest Rate, Current	1.45%
Derivative Notional Amount, NonCurrent	$ 708,000
Derivative Fixed Interest Rate, NonCurrent	1.98%
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	375.00%
Debt Instrument, Qualified Leverage Ratio Range, High	425.00%
Debt Instrument, Leverage Ratio Range, High	100.00%

Subsequent Event - Capped Call

Subsequent Event - Capped Call (Details) - Subsequent Event $ in Millions	Feb. 11, 2022USD ($)
Subsequent Event [Line Items]
Derivative, Notional Amount	$ 375
Derivative, Fixed Interest Rate	1.50%

Financing Arrangements - Level

Financing Arrangements - Level 2 Measurements (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Debt Disclosure [Line Items]
Total debt	$ 2,414,294	$ 1,729,596
Debt excluding convertible senior notes
Debt Disclosure [Line Items]
Total debt	1,679,877	1,096,749
Fair Value	$ 1,686,537	$ 1,096,749

Convertible Notes (Details)

Convertible Notes (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021	Aug. 21, 2020
Debt Disclosure [Line Items]
Unamortized debt discount	$ 0	$ (98,358)
Convertible Senior Notes	734,417	632,847
Convertible Debt
Debt Disclosure [Line Items]
Principal	747,500	747,500	$ 747,500
Unamortized Debt Issuance Expense	$ (13,083)	$ (16,295)

Convertible Debt Interest Expen

Convertible Debt Interest Expense (Details) - Convertible Debt - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Debt Disclosure [Line Items]
Contractual interest expense	$ 7,454	$ 2,720
Interest cost related to amortization of the debt discount and issuance costs	3,484	7,971
Total interest expense	$ 10,938	$ 10,691

Convertible Debt Additional Inf

Convertible Debt Additional Information (Details) - USD ($)	Aug. 21, 2020	Jan. 01, 2022	Dec. 22, 2021	Dec. 16, 2021
Debt Disclosure [Line Items]
Debt Instrument, Convertible, If-converted Value in Excess of Principal		$ 396,000,000
Debt Instrument, Convertible, Carrying Amount of Equity Component		105,000,000
Debt Instrument, Convertible, Estimated Conversion Shares	5,800,000
2020 Capped Call Transaction
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction, Estimated Conversion Shares	3,600,000
2021 Capped Call Transaction One
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction, Estimated Conversion Shares				3,500,000
2021 Capped Call Transaction Two
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction, Estimated Conversion Shares			3,300,000
Convertible Debt
Debt Disclosure [Line Items]
Notes Payable, Fair Value Disclosure		$ 1,200,000,000
Debt Instrument, Interest Rate, Effective Percentage		1.50%
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%
Convertible Debt | 2020 Capped Call Transaction
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction Cap Price, Per Share	$ 207.93
Convertible Debt | 2021 Capped Call Transaction One
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction Cap Price, Per Share				$ 216.50
Convertible Debt | 2021 Capped Call Transaction Two
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction Cap Price, Per Share			$ 225
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. 01, 2022USD ($)
Debt Disclosure [Abstract]
2022	$ 27,293
2023	23,621
2024	23,634
2025	757,945
2026 and thereafter	1,581,801
Total Debt Payable	$ 2,414,294

Common and Preferred Stock - Na

Common and Preferred Stock - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019	Nov. 07, 2017
Common Stock, Shares Authorized	95,000,000	95,000,000
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Stock Repurchased During Period, Shares	141,500	896,965
Treasury Stock Acquired, Average Cost Per Share	$ 188.17	$ 77.70
Remaining number of shares authorized to be repurchased (shares)	1,335,335
Treasury Stock, Value, Acquired, Cost Method	$ 29,265	$ 85,872	$ 6,144
Share-based Compensation	42,330	19,613	8,133
Tax benefit	400	2,700	500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	7,300	44,800	$ 16,500
Total unrecognized compensation	$ 3,700
Weighted average life	4 months 2 days
2017 Program
Stock Repurchase Program, Number of Shares Authorized to be Repurchased				2,500,000
Stock Repurchased During Period, Value	$ 26,600	$ 69,700
Share Repurchase Program, Number of Shares Repurchased	1,164,665
Restricted Stock
Treasury Stock, Shares, Acquired	15,480	176,242
Treasury Stock, Value, Acquired, Cost Method	$ 2,700	$ 16,200
Grant awards, fair value per share at date of grant (usd per share)	$ 181.31	$ 57.74	$ 113.26
Restricted Stock Units (RSUs)
Grant awards, fair value per share at date of grant (usd per share)	$ 166.41	$ 134.25
Total unrecognized compensation	$ 66,200
Restricted Stock Units, Outstanding, Weighted Average Remaining Contractual Terms	1 year 8 months 26 days
Stock Incentive Plan 2021
Number of shares authorized (shares)	1,642,966
IncreaseInAuthSharesDuring2017 | Stock Incentive Plan 2021
Number of shares authorized (shares)	1,350,000

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. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Nonvested shares, beginning balance (shares)	433,065
Granted (shares)	4,399
Vested (shares)	(43,485)
Forfeited (shares)	(213,673)
Nonvested shares, ending balance (shares)	180,306	433,065
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Nonvested shares, beginning balance (usd per share)	$ 113.31	$ 112.54
Granted (usd per share)	181.31	57.74	$ 113.26
Vested (usd per share)	115.77
Forfeited (usd per share)	112.49
Nonvested shares, ending balance (usd per share)	$ 113.31	$ 112.54
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Nonvested shares, beginning balance (shares)	47,500
Granted (shares)	287,624
Nonvested shares, ending balance (shares)	335,124	47,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Nonvested shares, beginning balance (usd per share)	$ 161.85	$ 134.25
Granted (usd per share)	166.41	134.25
Nonvested shares, ending balance (usd per share)	$ 161.85	$ 134.25

Income Taxes - Summary of Earni

Income Taxes - Summary of Earnings Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Income Tax Disclosure [Abstract]
Domestic	$ 453,357	$ 178,813	$ 336,688
Foreign	166,147	89,244	125,931
Total	$ 619,504	$ 268,057	$ 462,619

Income Taxes - Summary of Provi

Income Taxes - Summary of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Income Tax Disclosure [Abstract]
Federal	$ 84,689	$ 36,908	$ 69,074
State and local	24,363	8,815	16,203
Foreign	21,960	15,040	25,102
Total	131,012	60,763	110,379
Current	124,149	44,342	88,167
Deferred	$ 6,863	$ 16,421	$ 22,212

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. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21.00%	21.00%	21.00%
State taxes, net of federal benefit	3.10%	3.20%	3.20%
Permanent differences	0.50%	(0.40%)	0.60%
Foreign income tax rate at rates other than U.S. statutory	0.20%	0.50%	0.20%
Deferred tax changes	(2.20%)	(0.70%)	0.00%
Effective Income Tax Rate Reconciliation, Tax Settlement, Percent	(0.70%)	0.00%	0.00%
Change in valuation allowances (1)	0.40%	(0.10%)	0.10%
Tax on unremitted earnings	0.40%	1.20%	0.30%
Other	(1.60%)	(2.00%)	(1.50%)
Consolidated effective tax	21.10%	22.70%	23.90%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Deferred tax assets:
Compensation related	$ 21,543	$ 12,328
Pension and post-retirement benefits	49,072	88,709
Inventory reserves	14,453	14,732
Accrued liabilities and reserves	17,088	22,049
Warranty reserves	19,286	17,890
Operating lease liability	18,643	16,180
Interest Rate Swaps	4,573	12,997
Convertible debt	37,034	0
Net operating loss carryforwards	17,083	20,747
Other	12,695	17,187
Gross deferred tax assets	211,470	222,819
Valuation allowance	(10,222)	(11,731)
Deferred tax assets	201,248	211,088
Deferred tax liabilities:
Intangible assets	(273,974)	(226,598)
Depreciable assets	(26,996)	(26,916)
Basis difference on affiliates	(18,795)	0
Operating lease right-of-use assets	(18,029)	(15,921)
Other	(17,195)	(12,825)
Deferred Tax Liabilities, Gross	354,989	282,260
Deferred Tax Liabilities, Net	(153,741)	(71,172)
Deferred Income Tax Assets, Net	33,194	76,052
Deferred Income Tax Liabilities, Net	$ (186,935)	$ (147,224)

Income Taxes - Summary of Activ

Income Taxes - Summary of Activity Related to Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, Beginning Period	$ 30,329	$ 31,559
Increases to current year tax positions	1,760	3,657
Increase to prior year tax positions	6,796	183
Decrease to prior year tax positions	(576)	(53)
Settlements	(1,180)	(533)
Lapse of statute of limitations	920	4,484
Balance, Ending Period	$ 36,209	$ 30,329

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Income Tax Disclosure [Abstract]
Permanently Reinvested Foreign Earnings	$ 9,700	$ 7,500
Deferred Tax Liabilities, Undistributed Foreign Earnings	538,000
Operating Loss Carryforwards	17,083	20,747
Deferred Tax Assets, Operating Loss Carryforwards	29,000
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	5,600
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	23,400
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	34,200
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	44,700
Deferred Tax Assets, Valuation Allowance	33,400
Unrecognized tax benefits rleated to federal, state and foreign taxes	36,209	30,329	$ 31,559
Unrecognized tax benefits related to federal, state and foreign taxes that would impact the effective tax rate if recognized	36,200
Unrecognized tax benefits, accured interest	7,100
Unrecognized tax benefits, penalties	6,000
Unrecognized tax benefits, interest recognized	900	800	400
Unrecognized tax benefits, penalties recognized	(1,000)	$ (200)	$ (900)
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 3,800

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Derivatives, Fair Value [Line Items]
Interest rate derivative liabilities, at fair value	$ 18,000	$ 51,100
Increase (decrease) in fair value of interest rate fair value hedging instruments	(24,600)
Accrued interest rate swaps	1,171	14,075
Interest Rate Swap | Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	3,645	0
Interest Rate Swap | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Interest Rate Cash Flow Hedge Liability at Fair Value	20,464	37,018
Foreign Exchange Forward
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	350,500	155,600
Fair value of forward contracts	(1,100)
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	14,634	(43,317)
Interest Expense | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (18,469)	$ (15,514)

Lease Commitments Operating Lea

Lease Commitments Operating Lease (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 31,500	$ 30,100	$ 30,600
Operating Lease, Right-of-Use Asset	93,388	97,193
Operating Lease, Liability, Current	22,753	22,493
Operating Lease, Liability, Noncurrent	74,202	76,529
Operating Lease, Liability	$ 96,955	$ 99,022
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities	Other non-current liabilities

Lease Commitments Lease Commitm

Lease Commitments Lease Commitments (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
Leases [Abstract]
2022	$ 24,903
2023	21,458
2024	17,588
2025	12,581
2026	10,122
2027 and thereafter	19,062
Total future lease commitments	105,714
Less imputed interest	8,759
Operating Lease, Liability	$ 96,955	$ 99,022

Lease Commitments Other Lease I

Lease Commitments Other Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Leases [Abstract]
Operating Lease, Payments	$ 25,957	$ 26,024
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 16,353	$ 25,433
Operating Lease, Weighted Average Remaining Lease Term	5 years 7 months 6 days	6 years
Operating Lease, Weighted Average Discount Rate, Percent	2.80%	3.00%

Segment Information Segment Inf

Segment Information Segment Information - Narrative (Details)	12 Months Ended
	Jan. 01, 2022segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Information - Results o

Segment Information - Results of Business Segments (Details) - USD ($) $ in Thousands		12 Months Ended
		Jan. 01, 2022		Jan. 02, 2021		Dec. 28, 2019
Segment Reporting Information [Line Items]
Net sales		$ 3,250,792		$ 2,513,257		$ 2,959,446
Operating Income (Loss)	[2]	629,992	[1],[3]	324,431	[1]	514,043
Depreciation		42,681		39,086		37,852
Amortization expense (5)	[4]	82,562		71,446		65,576
Net capital expenditures		46,551		34,849		46,609
Total assets		6,383,598		5,202,474		5,002,143
Long-lived assets (6)	[5]	557,667		547,339		499,819
Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Net sales		2,032,761		1,510,279		1,984,345
Operating Income (Loss)	[2]	423,121	[1]	239,625	[1]	429,946
Depreciation		23,814		21,768		21,054
Amortization expense (5)		56,910		51,985		45,906
Net capital expenditures		26,507		25,463		29,353
Total assets		3,522,630		3,249,441		3,188,304
Long-lived assets (6)	[5]	292,593		279,481		261,466
Food Processing Group
Segment Reporting Information [Line Items]
Net sales		480,746		437,272		400,951
Operating Income (Loss)	[2]	94,414		78,008		68,935
Depreciation		5,601		5,507		4,944
Amortization expense (5)		7,247		7,319		8,162
Net capital expenditures		9,111		3,427		6,683
Total assets		637,252		617,171		621,619
Long-lived assets (6)	[5]	54,934		55,069		57,403
Residential Kitchen
Segment Reporting Information [Line Items]
Net sales		737,285		565,706		574,150
Operating Income (Loss)	[2]	124,701	[1]	67,046		89,312	[6]
Depreciation		12,655		11,691		11,742
Amortization expense (5)		11,628		9,657		9,896
Net capital expenditures		9,232		4,801		9,168
Total assets		2,153,758		1,221,229		1,157,211
Long-lived assets (6)	[5]	169,028		192,940		176,834
Corporate and Other
Segment Reporting Information [Line Items]
Net sales	[7]	0		0		0
Operating Income (Loss)	[2],[7]	(12,244)	[3]	(60,248)		(74,150)
Depreciation	[7]	611		120		112
Amortization expense (5)	[4],[7]	6,777		2,485		1,612
Net capital expenditures	[7]	1,701		1,158		1,405
Total assets	[7]	69,958		114,633		35,009
Long-lived assets (6)	[5],[7]	$ 41,112		$ 19,849		$ 4,116
[1]	Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021 and Gain on sale of plant is included in Commercial Foodservice for 2020.
[2]	Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details
[3]	Termination fee from Welbilt merger is included in Corporate and Other.
[4]	Includes amortization of deferred financing costs and Convertible Notes issuance costs.
[5]	Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets.
[6]	Gain on litigation settlement is included in Residential Kitchen.
[7]	Includes corporate and other general company assets and operations.

Segment Information - Long-live

Segment Information - Long-lived assets (Details) - USD ($) $ in Thousands		Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Segment Reporting Information [Line Items]
Long-lived assets (6)	[1]	$ 557,667	$ 547,339	$ 499,819
United States And Canada
Segment Reporting Information [Line Items]
Long-lived assets (6)		359,215	331,688	305,207
Asia
Segment Reporting Information [Line Items]
Long-lived assets (6)		32,986	28,018	22,312
Europe And Middle East
Segment Reporting Information [Line Items]
Long-lived assets (6)		157,432	181,242	165,781
Latin America
Segment Reporting Information [Line Items]
Long-lived assets (6)		8,034	6,391	6,519
Total International
Segment Reporting Information [Line Items]
Long-lived assets (6)		$ 198,452	$ 215,651	$ 194,612
[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. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Net Periodic Pension Cost:
Curtailment loss	$ 0	$ (14,682)	$ (865)
Change in Benefit Obligation:
Curtailment loss	0
Amounts recognized in balance sheet at year end:
Accrued pension benefits	(219,680)	(469,500)
Non US Plans
Net Periodic Pension Cost:
Service cost	773	2,581
Interest cost	17,340	25,966
Expected return on assets	(78,956)	(72,795)
Amortization of net loss	(12,741)	(3,449)
Amortization of prior service cost	2,879	2,577
Curtailment loss	0	(14,682)
Defined Benefit Plan, Net Periodic Benefit Cost	(45,223)	(23,540)
Change in Benefit Obligation:
Benefit obligation – beginning of year	1,744,574	1,501,616
Service cost	773	2,581
Prior service cost	0	2,309
Interest cost	17,340	25,966
Member contributions	81	312
Actuarial (gain) loss	(135,475)	186,945
Net benefit payments	(65,138)	(62,878)
Curtailment loss		14,682
Exchange effect	(18,008)	73,041
Benefit obligation – end of year	1,544,147	1,744,574	1,501,616
Change in Plan Assets:
Plan assets at fair value – beginning of year	1,296,516	1,231,181
Company contributions	4,890	5,745
Investment gain	123,708	69,824
Member contributions	81	312
Benefit payments and plan expenses	(65,138)	(62,878)
Exchange effect	(17,456)	52,332
Plan assets at fair value – end of year	1,342,601	1,296,516	1,231,181
Funded Status:
Unfunded benefit obligation	(201,546)	(448,058)
Amounts recognized in balance sheet at year end:
Accrued pension benefits	(201,546)	(448,058)
Pre-tax components in accumulated other comprehensive income at period end:
Net actuarial loss	281,745	479,554
Current year actuarial (gain) loss	(181,518)	211,494
Actuarial loss recognized	(12,832)	(3,841)
Prior service cost	0	3,335
Prior service cost recognized	(3,457)	(1,550)
Total amount recognized	197,807	(209,438)
Accumulated Benefit Obligation	$ 1,544,117	$ 1,744,536
Salary growth rate	0.80%	0.80%
Assumed discount rate	1.90%	1.20%
Expected return on assets	6.20%	6.20%
USPlans
Net Periodic Pension Cost:
Service cost	$ 0	$ 0
Interest cost	841	1,043
Expected return on assets	(1,029)	(999)
Amortization of net loss	(1,118)	(763)
Amortization of prior service cost	0	0
Curtailment loss	0	0
Defined Benefit Plan, Net Periodic Benefit Cost	930	807
Change in Benefit Obligation:
Benefit obligation – beginning of year	38,897	35,395
Service cost	0	0
Prior service cost	0	0
Interest cost	841	1,043
Member contributions	0	0
Actuarial (gain) loss	(1,617)	4,146
Net benefit payments	(1,698)	(1,687)
Curtailment loss	0	0
Exchange effect	0	0
Benefit obligation – end of year	36,423	38,897	35,395
Change in Plan Assets:
Plan assets at fair value – beginning of year	17,455	16,744
Company contributions	1,233	1,587
Investment gain	1,299	811
Member contributions	0	0
Benefit payments and plan expenses	(1,698)	(1,687)
Exchange effect	0	0
Plan assets at fair value – end of year	18,289	17,455	$ 16,744
Funded Status:
Unfunded benefit obligation	(18,134)	(21,442)
Amounts recognized in balance sheet at year end:
Accrued pension benefits	(18,134)	(21,442)
Pre-tax components in accumulated other comprehensive income at period end:
Net actuarial loss	7,419	10,424
Current year actuarial (gain) loss	(1,887)	4,334
Actuarial loss recognized	(1,118)	(763)
Prior service cost	0	0
Prior service cost recognized	0	0
Total amount recognized	3,005	(3,571)
Accumulated Benefit Obligation	$ 36,423	$ 38,897
Assumed discount rate	2.60%	2.20%
Expected return on assets	6.00%	6.00%

Employee Retirement Plans Sum_2

Employee Retirement Plans Summary classes of security by percentage (Details)	Jan. 01, 2022	Jan. 02, 2021
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	53.00%	48.00%
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	11.00%	12.00%
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	36.00%	39.00%
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	56.00%	57.00%
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	1.00%	3.00%
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%	15.00%
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	15.00%	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%	3.00%

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. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		$ 18,289	$ 17,455	$ 16,744
Defined Benefit Plan, Net Asset Value of Plan Assets		274	533
Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,342,601	1,296,516	$ 1,231,181
Defined Benefit Plan, Net Asset Value of Plan Assets		1,121,370	1,100,384
Short Term Investment Fund | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	[1]	274	533
Defined Benefit Plan, Net Asset Value of Plan Assets	[1]	274	533
Real Estate Funds | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		758	1,063
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		29,345	44,097
Defined Benefit Plan, Net Asset Value of Plan Assets		29,345	44,097
Leveraged Loans | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		30,224	28,720
Defined Benefit Plan, Net Asset Value of Plan Assets		30,224	28,720
Alternative Investment [Member] | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		(92,239)	(104,518)
Defined Benefit Plan, Net Asset Value of Plan Assets		(92,692)	(104,523)
U S Large Cap | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,928	3,443
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		413	407
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		424	489
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		4,918	4,198
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		5,137	5,517
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		1,383	1,211
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		1,054	594
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		51,780	36,537
Defined Benefit Plan, Net Asset Value of Plan Assets		40,122	26,052
Equity Securities, U K Market | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		6,470	8,615
Defined Benefit Plan, Net Asset Value of Plan Assets		4,592	6,868
Equity Securities, International, Developed | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		117,751	110,718
Defined Benefit Plan, Net Asset Value of Plan Assets		114,717	107,642
Equity Securities, international, Emerging | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		31,392	34,417
Defined Benefit Plan, Net Asset Value of Plan Assets		30,957	33,999
Equity Securities, Unquoted Private Equity | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		2,195	1,792
Defined Benefit Plan, Net Asset Value of Plan Assets		2,194	1,791
Fixed Income, Government/Corporate, U K | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		259,833	264,703
Defined Benefit Plan, Net Asset Value of Plan Assets		244,362	248,373
Fixed Income, Government/Corporate, International | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		114,973	141,030
Defined Benefit Plan, Net Asset Value of Plan Assets		114,973	141,030
Fixed Income, Government/Corporate, Index Linked | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		364,666	330,360
Defined Benefit Plan, Net Asset Value of Plan Assets		362,528	327,415
Fixed Income, Government/Corporate, Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		7,811	8,296
Defined Benefit Plan, Net Asset Value of Plan Assets		7,811	8,296
Fixed Income,Convertible Bonds | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		185	214
Defined Benefit Plan, Net Asset Value of Plan Assets		185	214
Real Estate Funds, Direct | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		183,045	156,588
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		8,030	9,283
Defined Benefit Plan, Net Asset Value of Plan Assets		4,912	4,746
Hedge Fund, Arbitrage&Event | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		25,788	16,594
Defined Benefit Plan, Net Asset Value of Plan Assets		25,788	16,594
Hedge Fund, Directional Trading&Fixed Income | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,266	9,721
Defined Benefit Plan, Net Asset Value of Plan Assets		3,266	9,721
Hedge Fund, Cash & Other | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		196,930	196,952
Defined Benefit Plan, Net Asset Value of Plan Assets		196,930	196,952
Hedge Fund, Direct Sourcing | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,156	2,397
Defined Benefit Plan, Net Asset Value of Plan Assets		1,156	2,397
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		18,015	16,922
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		30,056	34,227
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		758	1,063
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		453	5
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		3,928	3,443
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		413	407
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		424	489
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		4,918	4,198
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		5,137	5,517
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		1,383	1,211
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		1,054	594
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		6,566	9,653
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		1,878	1,747
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		3,034	3,076
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		435	418
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	1
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		15,471	16,330
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		2,138	2,945
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		80	52
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		191,175	161,905
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		5,092	832
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	0
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		183,045	156,588
Significant Observable Inputs (Level 2) | Real Estate Funds,Indirect | Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,038	4,485
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. 01, 2022USD ($)
USPlans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2022	$ 1,798
2023	1,802
2024	1,810
2025	1,831
2026 through 2031	11,597
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	400
Non US Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2022	62,209
2023	63,462
2024	63,739
2025	64,817
2026 through 2031	388,203
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 4,000

Employee Retirement Plans - Add

Employee Retirement Plans - Additional Information (Details)	12 Months Ended
	Jan. 01, 2022plan
Retirement Benefits [Abstract]
Number of defined contribution 401K savings plans	2

Restructuring Restructuring Cha

Restructuring Restructuring Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 7,655	$ 12,375	$ 10,480
Impairment of Long-Lived Assets to be Disposed of		2,900
Disposal Group, Including Discontinued Operation, Assets		17,400
Accrued liabilities held for sale	0	22,313
Commercial Foodservice Equipment Group
Restructuring Cost and Reserve [Line Items]
Effects on Future Earnings, Restructuring	20,000
Commercial Foodservice Equipment Group
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 5,400	$ 10,100	$ 6,400

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance Beginning Of Period	$ 19,225	$ 14,886	$ 13,608
Additions/ (Recoveries) Charged to Expense	809	6,868	1,941
Other Adjustments (1)	554	1,239	2,009
Write-Offs During the Period	(1,818)	(3,768)	(2,672)
Balance At End Of Period	18,770	19,225	14,886
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	11,731	7,754	26,023
Additions/ (Recoveries) Charged to Expense	1,138	3,977	129
Write-Offs During the Period	(2,647)	0	(18,398)
Balance At End Of Period	$ 10,222	$ 11,731	$ 7,754