The Middleby Corporation (MIDD) 10-Q 12 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 02, 2022	May 06, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 2, 2022
Document Transition Report	false
Entity File Number	1-9973
Entity Registrant Name	THE MIDDLEBY CORPORATION
Entity Central Index Key	0000769520
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-3352497
Entity Address, Address Line One	1400 Toastmaster Drive,
Entity Address, City or Town	Elgin,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60120
City Area Code	(847)
Local Phone Number	741-3300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Title of 12(b) Security	Common Stock
Trading Symbol	MIDD
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		54,389,831
Entity Small Business	false
Entity Emerging Growth Company	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Current assets:
Cash and cash equivalents	$ 146,676	$ 180,362
Accounts receivable, net of reserve for doubtful accounts of $17,436 and $18,770	629,855	577,142
Inventories, net	924,763	837,418
Prepaid expenses and other	108,721	92,269
Prepaid Taxes	13,805	19,894
Total current assets	1,823,820	1,707,085
Property, plant and equipment, net of accumulated depreciation of $272,725 and $266,203	382,574	380,980
Goodwill	2,236,441	2,243,469
Other intangibles	1,835,157	1,875,377
Long-term deferred tax assets	30,621	33,194
Other assets	165,552	143,493
Total assets	6,474,165	6,383,598
Current liabilities:
Current maturities of long-term debt	27,693	27,293
Accounts payable	305,344	304,740
Accrued expenses	585,364	582,855
Total current liabilities	918,401	914,888
Long-term debt	2,570,132	2,387,001
Deferred Income Tax Liabilities, Net	200,500	186,935
Liability, Defined Benefit Pension Plan, Noncurrent	202,945	219,680
Other non-current liabilities	154,220	180,818
Stockholders' equity:
Preferred stock, $0.01 par value; nonvoting; 2,000,000 shares authorized; none issued	0	0
Common stock, $0.01 par value; 63,509,015 and 63,666,020 shares issued in 2022 and 2021, respectively	147	147
Cumulative Effect Period of Adoption ASU 2020-06, Paid-in capital	363,741	357,309
Treasury stock, at cost; 9,117,274 and 8,170,276 shares in 2022 and 2021	(736,412)	(566,399)
Cumulative Effect Period of Adoptions ASU 2020-06, Retained earnings	3,148,058	3,062,303
Accumulated other comprehensive loss	(347,567)	(359,084)
Total stockholders' equity	2,427,967	2,494,276
Total liabilities and stockholders' equity	$ 6,474,165	$ 6,383,598

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Accounts receivable, reserve for doubtful accounts	$ 17,436	$ 18,770
Property, plant and equipment, accumulated depreciation	272,725	266,203
Finite-Lived Intangible Assets, Accumulated Amortization	$ 475,930	$ 442,208
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 or Stated Value Per Share	$ 0.01	$ 0.01
Common stock, shares issued	63,509,015	63,666,020
Treasury stock, shares	9,117,274	8,170,276

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2022	Apr. 03, 2021
Revenue from Contract with Customer, Excluding Assessed Tax		$ 994,676	$ 758,058
Cost of sales		664,166	482,184
Gross profit		330,510	275,874
Selling, General and Administrative Expense		206,071	154,957
Restructuring Charges		1,875	794
Gain (Loss) on Disposition of Assets		0	(1,050)
Income from operations	[1],[2]	122,564	121,173	[3]
Net interest expense and deferred financing amortization, net		17,654	16,067
Net periodic pension benefit (other than service costs)		(11,516)	(11,373)
Other (income) expense, net		4,061	(1,691)
Earnings before income taxes		112,365	118,170
Provision for income taxes		26,610	28,907
Net earnings		$ 85,755	$ 89,263
Net earnings per share:
Earnings Per Share, Basic		$ 1.57	$ 1.62
Earnings Per Share, Diluted		$ 1.52	$ 1.59
Weighted average number of shares
Basic (in shares)		54,669,000	55,213,000
Dilutive common stock equivalents (in shares)		1,694,000	753,000
Diluted (in shares)		56,363,000	55,966,000
Comprehensive income		$ 97,272	$ 87,091
[1]	Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2]	Restructuring expenses are allocated in operating income by segment.
[3]	Gain on sale of plants are included in Commercial Foodservice.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY Statement - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (loss)
Balance, Beginning at Jan. 02, 2021	$ 1,976,649	$ 147	$ 433,308	$ (537,134)	$ 2,568,756	$ (488,428)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	89,263	0	0	0	89,263	0
Currency translation adjustment	(10,614)	0	0	0	0	(10,614)
Change in unrecognized pension benefit costs, net of tax	(3,970)	0	0	0	0	(3,970)
Unrealized gain (loss) on interest rate swamp, net of tax	12,412	0	0	0	0	12,412
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	0
Stock compensation	7,609	0	7,609	0	0	0
Purchase of treasury stock	(1,762)	0	0	(1,762)	0	0
Balance, Ending at Apr. 03, 2021	1,995,212	147	361,487	(538,896)	2,663,074	(490,600)
Balance, Beginning at Jan. 01, 2022	2,494,276	147	357,309	(566,399)	3,062,303	(359,084)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	85,755	0	0	0	85,755	0
Currency translation adjustment	(27,191)	0	0	0	0	(27,191)
Change in unrecognized pension benefit costs, net of tax	6,244	0	0	0	0	6,244
Unrealized gain (loss) on interest rate swamp, net of tax	31,116	0	0	0	0	31,116
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	1,348	0	0	0	0	1,348
Stock compensation	13,723	0	13,723	0	0	0
Purchase of treasury stock	(170,013)	0	0	(170,013)	0	0
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt	(7,291)	0	(7,291)	0	0	0
Balance, Ending at Apr. 02, 2022	$ 2,427,967	$ 147	$ 363,741	$ (736,412)	$ 3,148,058	$ (347,567)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Jan. 01, 2022
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	$ 987	$ (877)
Unrealized gain on interest rate swap, tax	10,892	$ 4,327
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment, Tax	449
Adjustments to Additional Paid in Capital, Purchase of Capped Calls, Tax	$ (2,364)
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, Retained Earnings			5,100
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings | Accounting Standards Update 2020-06
Cumulative Effect Period of Adoption of ASU 2020-06, tax impact			1,600
Cumulative Effect, Period of Adoption, Adjustment | Paid-in Capital | Accounting Standards Update 2020-06
Cumulative Effect Period of Adoption of ASU 2020-06, tax impact			$ 25,500

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Cash flows from operating activities--
Net earnings	$ 85,755	$ 89,263
Adjustments to reconcile net earnings to net cash provided by operating activities--
Depreciation and amortization expense	46,742	30,432
Non-cash share-based compensation	13,723	7,609
Deferred income taxes	8,586	1,913
Net periodic pension benefit (other than service costs)	(11,516)	(11,373)
Gain (Loss) on Disposition of Assets	0	(1,050)
Other Noncash Income (Expense)	(6,173)	0
Changes in assets and liabilities, net of acquisitions
Accounts receivable, net	(55,305)	(66,666)
Inventories, net	(88,474)	(33,266)
Prepaid expenses and other assets	(3,926)	27,407
Accounts payable	1,235	31,662
Accrued expenses and other liabilities	(5,991)	(16,236)
Net cash provided by operating activities	(15,344)	59,695
Cash flows from investing activities--
Additions to property and equipment	(14,497)	(8,725)
Proceeds from Sale of Property, Plant, and Equipment	0	3,354
Payments to Acquire Intangible Assets	(240)	0
Acquisitions, net of cash acquired	(9,389)	(1,667)
Net cash (used in) investing activities	(24,126)	(7,038)
Cash flows from financing activities--
Proceeds under Credit Facility	365,000	18,995
Repayments under Credit Facility	177,250	23,683
Premiums paid for capped call	(9,655)	0
Net proceeds (repayments) under international credit facilities	756	(1,757)
Repurchase of treasury stock	(170,013)	(1,762)
Payments of deferred purchase price	(117)	(78)
Net cash (used in) provided by financing activities	8,721	(8,285)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations	(2,937)	(3,144)
Changes in cash and cash equivalents--
Net (decrease) increase in cash and cash equivalents	(33,686)	41,228
Cash and cash equivalents at beginning of year	180,362	268,103
Cash and cash equivalents at end of quarter	$ 146,676	$ 309,331

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Apr. 02, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies a) Basis of Presentation The condensed consolidated financial statements have been prepared by The Middleby Corporation (the "company" or “Middleby”), pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The financial statements are unaudited and certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the company believes that the disclosures are adequate to make the information not misleading. These financial statements should be read in conjunction with the financial statements and related notes contained in the company's 2021 Form 10-K. The company’s interim results are not necessarily indicative of future full year results for the fiscal year 2022. In the opinion of management, the financial statements contain all adjustments, which are normal and recurring in nature, necessary to present fairly the financial position of the company as of April 2, 2022 and January 1, 2022, the results of operations for the three months ended April 2, 2022 and April 3, 2021, cash flows for the three months ended April 2, 2022 and April 3, 2021 and statement of stockholders' equity for the three months ended April 2, 2022 and April 3, 2021. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses. Significant estimates and assumptions are used for, but are not limited to, allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves, non-cash share-based compensation and post-retirement obligations. Actual results could differ from the company's estimates. b) Non-Cash Share-Based Compensation The company estimates the fair value of market-based stock awards and stock options at the time of grant and recognizes compensation cost over the vesting period of the awards and options. Non-cash share-based compensation expense was $13.7 million and $7.6 million for the three months period ended April 2, 2022 and April 3, 2021, respectively. c) Income Taxes A tax provision of $26.6 million, at an effective rate of 23.7%, was recorded during the three months period ended April 2, 2022, as compared to a $28.9 million tax provision at a 24.5% effective rate in the prior year period. The effective tax rate for the three months period ended April 2, 2022 is lower than the comparable year rate primarily due to excess tax benefits from share-based compensation award vesting. d) Fair Value Measures Accounting Standards Codification ("ASC") 820 "Fair Value Measurements and Disclosures" defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly. Level 3 – Unobservable inputs based the company's own assumptions. The company’s financial assets and liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands): Fair Value Fair Value Fair Value Total As of April 2, 2022 Financial Assets: Interest rate swaps $ — $ 26,124 $ — $ 26,124 Financial Liabilities: Interest rate swaps $ — $ 2,106 $ — $ 2,106 Contingent consideration $ — $ — $ 35,108 $ 35,108 Foreign exchange derivative contracts $ — $ 3,033 $ — $ 3,033 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 The contingent consideration as of April 2, 2022 and January 1, 2022, relates to the earnout provisions recorded in conjunction with various purchase agreements. The earnout provisions associated with these acquisitions are based upon performance measurements related to sales and earnings, as defined in the respective purchase agreement. On a quarterly basis, the company assesses the projected results for each acquired business in comparison to the earnout targets and adjusts the liability accordingly. e) Consolidated Statements of Cash Flows Cash paid for interest was $18.1 million and $16.6 million for the three months ended April 2, 2022 and April 3, 2021, respectively. Cash payments totaling $7.9 million and $12.8 million were made for income taxes for the three months ended April 2, 2022 and April 3, 2021, respectively. f) 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 vesting of restricted stock grants computed using the treasury method and amounted to 5,653 and 8,269 for the three months ended April 2, 2022, and April 3, 2021, respectively. For the three months ended April 2, 2022 and April 3, 2021, the average market price of the company's common stock exceeded the exercise price of the Convertible Notes (as defined below) resulting in 1,688,402 and 744,334 diluted common stock equivalents to be included in the diluted net earnings per share, respectively. There have been no conversions to date. See Note 12, Financing Arrangements for further details on the Convertible Notes. There were no anti-dilutive restricted stock grants excluded from common stock equivalents in any period presented.

Acquisitions and Purchase Accou

Acquisitions and Purchase Accounting	3 Months Ended
	Apr. 02, 2022
Business Combinations [Abstract]
Business Combination Disclosure	Acquisitions and Purchase Accounting The company accounts for all business combinations using the acquisition method to record a new cost basis for the assets acquired and liabilities assumed. The difference between the purchase price and the fair value of the assets acquired and liabilities assumed has been recorded as goodwill in the financial statements. The company recognizes identifiable intangible assets, primarily trade names and customer relationships, at their fair value using a discounted cash flow model. The significant assumptions used to estimate the value of the intangible assets include revenue growth rates, projected profit margins, discount rates, royalty rates, and customer attrition rates. These significant assumptions are forward-looking and could be affected by future economic and market conditions. The results of operations are reflected in the consolidated financial statements of the company from the dates of acquisition. The company completed no material acquisitions during the three months ended April 2, 2022. 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 23,762 328 24,090 Property, plant and equipment 17,058 (969) 16,089 Goodwill 142,741 (17,414) 125,327 Other intangibles 126,557 22,966 149,523 Other assets 26 173 199 Current liabilities (23,440) 591 (22,849) Long-term deferred tax liability (33,918) (5,482) (39,400) Other non-current liabilities (1,930) (193) (2,123) 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 $125.3 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 Masterbuilt Holdings, LLC, including its residential outdoor brands ("Kamado Joe and Masterbuilt"), a leader in outdoor residential cooking located in the Atlanta, Georgia area, for a purchase price of approximately $400.8 million, net of cash acquired. The purchase price was comprised of $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 as provided in the purchase agreement. The company expects to finalize this adjustment 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 Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 5,381 $ (70) $ 5,311 Current assets 137,826 (1,964) 135,862 Property, plant and equipment 7,773 — 7,773 Goodwill 110,052 4,746 114,798 Other intangibles 215,577 — 215,577 Other assets 2,143 — 2,143 Current liabilities (54,865) (2,747) (57,612) Long-term deferred tax liability (15,907) — (15,907) Other non-current liabilities (1,914) 35 (1,879) Net assets acquired and liabilities assumed $ 406,066 $ — $ 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 $114.8 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 76,077 726 76,803 Property, plant and equipment 19,561 (187) 19,374 Goodwill 85,270 9,514 94,784 Other intangibles 158,725 (9,193) 149,532 Other assets 2,101 31 2,132 Current liabilities (33,910) 144 (33,766) Long-term deferred tax asset (liability) (3,010) 3,381 371 Other non-current liabilities (7,092) (3,397) (10,489) Consideration paid at closing $ 304,136 $ 1,019 $ 305,155 Contingent consideration 9,404 — 9,404 Net assets acquired and liabilities assumed $ 313,540 $ 1,019 $ 314,559 The long-term deferred tax asset amounted to $0.4 million. The net deferred tax asset is comprised of $0.7 million of deferred tax asset related to tax loss carryforwards and $0.3 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 $30.0 million and other intangibles of $89.0 million are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. Goodwill of $64.8 million and other intangibles of $60.6 million are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. Of these assets, goodwill of $92.8 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 The following unaudited pro forma results of operations for the three months ended April 2, 2022 and April 3, 2021, assumes the 2021 and 2022 acquisitions described above were completed on January 3, 2021 (first day of fiscal year 2021). The pro forma results include adjustments to reflect amortization of intangibles associated with the acquisition and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): Three Months Ended April 2, 2022 April 3, 2021 Net sales $ 994,676 $ 887,876 Net earnings 112,840 66,300 Net earnings per share: Basic $ 2.06 $ 1.20 Diluted $ 2.00 $ 1.18 The historical consolidated financial information of the company and the acquisitions have been adjusted in the pro forma information to give effect to events that are (1) directly attributable to the transactions, (2) factually supportable and (3) expected to have a continuing impact on the combined results. Pro forma data may not be indicative of the results that would have been obtained had these acquisitions occurred at the beginning of the periods presented, nor is it intended to be a projection of future results. Additionally, the pro forma financial information does not reflect the costs which the company has incurred or may incur to integrate the acquired businesses.

Litigation Matters

Litigation Matters	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Litigation Matters	Litigation MattersFrom time to time, the company is subject to proceedings, lawsuits and other claims related to products, suppliers, employees, customers and competitors. The company maintains insurance to partially cover product liability, workers compensation, property and casualty, and general liability matters. The company is required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of accrual required, if any, for these contingencies is made after assessment of each matter and the related insurance coverage. The required accrual may change in the future due to new developments or changes in approach such as a change in settlement strategy in dealing with these matters. The company does not believe that any pending litigation will have a material effect on its financial condition, results of operations or cash flows.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	3 Months Ended
	Apr. 02, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards Accounting Pronouncements - Recently 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 adopted this standard in the first quarter of 2022 and it did not have a material impact on its Consolidated Financial Statements and disclosures. Accounting Pronouncements - To be adopted 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. In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this update eliminate the accounting guidance for troubled debt restructurings by creditors while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors made to borrowers experiencing financial difficulty. The amendments also require disclosure of current-period gross write-offs by year of origination for financing receivables. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The standard should be applied prospectively, and it allows for a modified retrospective transition method resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. The company is currently evaluating the impacts the adoption of this guidance will have on its Consolidated Financial Statements and disclosures. In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method. The new standard expands and clarifies the use of the portfolio layer method for fair value hedges of interest rate risk. The new standard allows non-prepayable financial assets to also be included in a closed portfolio hedged using the portfolio layer method. The standard is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The new guidance on hedging multiple layers in a closed portfolio should be applied prospectively and the guidance on the accounting for fair value basis adjustments should be applied on a modified retrospective basis. The company is currently evaluating the impacts the adoption of this guidance will have on its Consolidated Financial Statements and disclosures.

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition (Notes)	3 Months Ended
	Apr. 02, 2022
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Recognition Disaggregation of Revenue The company disaggregates its net sales by reportable operating segment and geographical location as the company believes it best depicts how the nature, timing and uncertainty of its net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under the company's long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes the company's net sales by reportable operating segment and geographical location (in thousands): Commercial Food Processing Residential Kitchen Total Three Months Ended April 2, 2022 United States and Canada $ 374,909 $ 94,797 $ 229,599 $ 699,305 Asia 52,016 3,743 6,005 61,764 Europe and Middle East 100,291 14,200 93,583 208,074 Latin America 16,437 7,203 1,893 25,533 Total $ 543,653 $ 119,943 $ 331,080 $ 994,676 Three Months Ended April 3, 2021 United States and Canada $ 338,837 $ 79,650 $ 108,574 $ 527,061 Asia 49,719 4,003 3,032 56,754 Europe and Middle East 82,017 20,425 51,844 154,286 Latin America 10,582 8,416 959 19,957 Total $ 481,155 $ 112,494 $ 164,409 $ 758,058 Contract Balances Contract assets primarily relate to the company's right to consideration for work completed but not billed at the reporting date and are recorded in prepaid expenses and other in the Condensed Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Accounts receivable are not considered contract assets under the revenue standard as contract assets are conditioned upon the company's future satisfaction of a performance obligation. Accounts receivable, in contracts, are unconditional rights to consideration. Contract liabilities relate to advance consideration received from customers for which revenue has not been recognized. Current contract liabilities are recorded in accrued expenses in the Condensed Consolidated Balance Sheet. Non-current contract liabilities are recorded in other non-current liabilities in the Condensed Consolidated Balance Sheet. Contract liabilities are reduced when the associated revenue from the contract is recognized. The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands): Apr 2, 2022 Jan 1, 2022 Contract assets $ 34,012 $ 21,592 Contract liabilities $ 160,204 $ 133,315 Non-current contract liabilities $ 11,089 $ 11,602 During the three months period ended April 2, 2022, the company reclassified $4.8 million to receivables, which was included in the contract asset balance at the beginning of the period. During the three months period ended April 2, 2022, the company recognized revenue of $79.6 million which was included in the contract liability balance at the beginning of the period. Additions to contract liabilities representing amounts billed to clients in excess of revenue recognized to date were $119.9 million during the three months period ended April 2, 2022. Substantially, all of the company's outstanding performance obligations will be satisfied within 12 to 36 months. There were no contract asset impairments during the three months period ended April 2, 2022.

Other Comprehensive Income (Not

Other Comprehensive Income (Notes)	3 Months Ended
	Apr. 02, 2022
Disclosure Other Comprehensive Income Additional Information [Abstract]
Other Comprehensive Income	Other Comprehensive Income The company reports changes in equity during a period, except those resulting from investments by owners and distributions to owners, in accordance with ASC 220, "Comprehensive Income". Changes in accumulated other comprehensive income (1) were as follows (in thousands): Currency Translation Adjustment Pension Benefit Costs Unrealized Gain/(Loss) Interest Rate Swap Unrealized Gain Certain Investments Total Balance as of January 1, 2022 $ (97,654) $ (249,696) $ (13,064) $ 1,330 $ (359,084) Other comprehensive income before reclassification (27,191) 6,244 27,155 1,348 7,556 Amounts reclassified from accumulated other comprehensive income — — 3,961 — 3,961 Net current-period other comprehensive income $ (27,191) $ 6,244 $ 31,116 1,348 $ 11,517 Balance as of April 2, 2022 $ (124,845) $ (243,452) $ 18,052 2,678 $ (347,567) Balance as of January 2, 2021 $ (49,961) $ (400,919) $ (37,548) $ — $ (488,428) Other comprehensive income before reclassification (10,614) (3,970) 7,389 — (7,195) Amounts reclassified from accumulated other comprehensive income — — 5,023 — 5,023 Net current-period other comprehensive income $ (10,614) $ (3,970) $ 12,412 $ — $ (2,172) Balance as of April 3, 2021 $ (60,575) $ (404,889) $ (25,136) $ — $ (490,600) (1) As of April 2, 2022, pension, interest rate swap, and gain on investment amounts are net of tax of $(38.5) million, $6.4 million, and $0.9 million, respectively. During the three months ended April 2, 2022, the adjustments to pension, interest rate swap, and gain on investments were net of tax of $1.0 million, $10.9 million, and $0.5 million, respectively. As of April 3, 2021 pension and interest rate swap amounts are net of tax of $(90.0) million and $(8.8) million, respectively. During the three months ended April 3, 2021, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(0.9) million and $4.3 million, respectively. Components of other comprehensive income were as follows (in thousands): Three Months Ended Apr 2, 2022 Apr 3, 2021 Net earnings $ 85,755 $ 89,263 Currency translation adjustment (27,191) (10,614) Pension liability adjustment, net of tax 6,244 (3,970) Unrealized gain on interest rate swaps, net of tax 31,116 12,412 Unrealized gain on certain investments, net of tax 1,348 — Comprehensive income $ 97,272 $ 87,091

Inventories

Inventories	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Inventories	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 April 2, 2022 and January 1, 2022 are as follows (in thousands): Apr 2, 2022 Jan 1, 2022 Raw materials and parts $ 491,213 $ 421,361 Work-in-process 74,325 65,581 Finished goods 359,225 350,476 $ 924,763 $ 837,418

Goodwill

Goodwill	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Goodwill	Goodwill Changes in the carrying amount of goodwill for the three months ended April 2, 2022 are as follows (in thousands): Commercial Food Residential Kitchen Total Balance as of January 1, 2022 $ 1,285,087 $ 250,715 $ 707,667 $ 2,243,469 Goodwill acquired during the year 1,764 — — 1,764 Measurement period adjustments to 980 — 3,909 4,889 Exchange effect (3,014) (1,045) (9,622) (13,681) Balance as of April 2, 2022 $ 1,284,817 $ 249,670 $ 701,954 $ 2,236,441 The annual impairment assessment for goodwill and indefinite-lived intangible assets is performed as of the first day of the fourth quarter and since that assessment the company does not believe there are any indicators of impairment requiring subsequent analysis. This is supported by the review of order rates, backlog levels and financial performance across business segments.

Intangibles (Notes)

Intangibles (Notes)	3 Months Ended
	Apr. 02, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets Disclosure [Text Block]	Intangibles Intangible assets consist of the following (in thousands): April 2, 2022 January 1, 2022 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer lists 7.4 $ 863,339 $ (430,729) 7.6 $ 863,339 $ (411,327) Backlog 0.0 13,646 (13,646) 0.2 13,684 (929) Developed technology 8.7 73,701 (31,555) 8.9 73,461 (29,952) $ 950,686 $ (475,930) $ 950,484 $ (442,208) Indefinite-lived assets: Trademarks and tradenames $ 1,360,401 $ 1,367,101 The aggregate intangible amortization expense was $33.6 million and $18.8 million for the three months period ended April 2, 2022 and April 3, 2021, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands): Twelve Month Period coinciding with the end of the company's Fiscal First Quarter Amortization Expense 2023 $ 80,942 2024 74,658 2025 62,315 2026 57,876 2027 53,343 Thereafter 145,622 $ 474,756

Accrued Expenses

Accrued Expenses	3 Months Ended
	Apr. 02, 2022
Disclosure Accrued Expenses [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consist of the following (in thousands): Apr 2, 2022 Jan 1, 2022 Contract liabilities $ 160,204 $ 133,315 Accrued payroll and related expenses 111,943 115,762 Accrued warranty 79,660 80,215 Accrued customer rebates 40,250 72,451 Accrued short-term leases 22,007 22,753 Accrued contingent consideration 21,391 18,728 Accrued professional fees 20,647 19,292 Accrued sales and other tax 20,256 22,684 Accrued agent commission 15,520 13,670 Accrued product liability and workers compensation 11,722 10,952 Other accrued expenses 81,764 73,033 $ 585,364 $ 582,855

Warranty Costs

Warranty Costs	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Warranty Costs	Warranty Costs In the normal course of business, the company issues product warranties for specific product lines and provides for the estimated future warranty cost in the period in which the sale is recorded. The estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Because warranty estimates are forecasts that are based on the best available information, actual claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable. A rollforward of the warranty reserve is as follows (in thousands): Three Months Ended Apr 2, 2022 Balance as of January 1, 2022 $ 80,215 Warranty reserve related to acquisitions 436 Warranty expense 16,620 Warranty claims (17,611) Balance as of April 2, 2022 $ 79,660

Financing Arrangements

Financing Arrangements	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Financing Arrangements	Financing Arrangements Apr 2, 2022 Jan 1, 2022 (in thousands) Senior secured revolving credit line $ 871,001 $ 683,175 Term loan facility 987,251 993,340 Convertible senior notes 735,234 734,417 Foreign loans 3,271 2,224 Other debt arrangement 1,068 1,138 Total debt 2,597,825 2,414,294 Less: Current maturities of long-term debt 27,693 27,293 Long-term debt $ 2,570,132 $ 2,387,001 Credit Facility As of April 2, 2022, the company had $1.9 billion of borrowings outstanding under the Credit Facility, including $1.0 billion outstanding under the term loan ($987 million, net of unamortized issuance fees). The company also had $2.2 million in outstanding letters of credit as of April 2, 2022, which reduces the borrowing availability under the Credit Facility. Remaining borrowing capacity under this facility was $2.6 billion at April 2, 2022. At April 2, 2022, borrowings under the Credit Facility accrued interest at a rate of 1.625% above LIBOR per annum or 0.625% above the highest of the prime rate, the federal funds rate plus 0.50% and one month LIBOR plus 1.00%. The 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 1.625% above LIBOR and the variable unused commitment fee will be at a minimum of 0.25%. The average interest rate per annum, inclusive of hedging instruments, on the debt under the Credit Facility was equal to 2.85% at the end of the period and the variable commitment fee was equal to 0.25% per annum as of April 2, 2022. The term loan facility had an average interest rate per annum, inclusive of hedging instruments, of 3.35% as of April 2, 2022. In addition, the company has international credit facilities to fund working capital needs outside the United States. At April 2, 2022, these foreign credit facilities amounted to $3.3 million in U.S. Dollars with a weighted average per annum interest rate of approximately 10.05%. 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): Apr 2, 2022 Jan 1, 2022 Carrying Value Fair Value Carrying Value Fair Value Total debt excluding convertible senior notes $ 1,862,591 $ 1,869,089 $ 1,679,877 $ 1,686,537 The company uses floating-to-fixed interest rate swap agreements to hedge variable interest rate risk associated with the Credit Facility. In February 2022, 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%. At April 2, 2022, the company had outstanding floating-to-fixed interest rate swaps totaling $129.0 million notional amount carrying an average interest rate of 1.71% maturing in less than 12 months and $1,048.0 million notional amount carrying an average interest rate of 1.79% that mature in more than 12 months but less than 70 months. At April 2, 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: Apr 2, 2022 Jan 1, 2022 (in thousands) Principal amounts: Principal $ 747,500 $ 747,500 Unamortized issuance costs (12,266) (13,083) Net carrying amount $ 735,234 $ 734,417 The following table summarizes total interest expense recognized related to the Convertible Notes: Three Months Ended Apr 2, 2022 Apr 3, 2021 Contractual interest expense $ 1,890 $ 1,890 Interest cost related to amortization of issuance costs 902 883 Total interest expense $ 2,792 $ 2,773 The estimated fair value of the Convertible Notes was $1.0 billion as of April 2, 2022 and was determined through consideration of quoted market prices. The fair value is classified as Level 2, as defined in Note 1(d), Fair Value Measurements , in these Notes to the Condensed Consolidated Financial Statement . The if-converted value of the Convertible Notes exceeded their respective principal value by $191.0 million as of April 2, 2022. Capped Call Transactions 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. The company entered into two tranches of privately negotiated Capped Call Transactions in December 2021 (the "2021 Capped Call Transactions") in the aggregate amount of $54.6 million. On March 15, 2022 , the company entered into an additional tranche of privately negotiated Capped Call Transactions (the "2022 Capped Call Transactions") in the amount of $9.7 million. The 2020, 2021, and 2022 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 2022 Capped Call Transactions have an initial cap price of $229.00 per share. 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.

Financial Instruments

Financial Instruments	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Financial Instruments	Financial Instruments Foreign Exchange : The company uses foreign currency forward, foreign exchange swaps and option purchase and sales contracts to hedge its exposure to changes in foreign currency exchange rates. The company’s primary hedging activities are to mitigate its exposure to changes in exchange rates on intercompany and third party trade receivables and payables. The company does not currently enter into derivative financial instruments for speculative purposes. In managing its foreign currency exposures, the company identifies and aggregates naturally occurring offsetting positions and then hedges residual balance sheet exposures. The notional amount of foreign currency contracts outstanding was $350.2 million and $350.5 million as of April 2, 2022 and January 1, 2022, respectively. The fair value of the forward and option contracts was a loss of $3.0 million at the end of the first quarter of 2022. 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. In February 2022, the company entered into an additional floating-to-fixed interest rate swap agreement that uses a daily Secured Overnight Financing Rate ("SOFR") in lieu of LIBOR. The company has designated these swaps as cash flow hedges and all changes in fair value of the swaps are recognized in accumulated other comprehensive income. As of April 2, 2022, the fair value of these instruments was a asset of $24.0 million. The change in fair value of these swap agreements in the first three months of 2022 was a gain of $31.1 million, net of taxes. The following table summarizes the company’s fair value of interest rate swaps (in thousands): Condensed Consolidated Apr 2, 2022 Jan 1, 2022 Fair value Prepaid expense and other $ 623 — Fair value Other assets $ 25,501 $ 3,645 Fair value Accrued expenses $ 67 $ 1,171 Fair value Other non-current liabilities $ 2,039 $ 20,464 The impact on earnings from interest rate swaps was as follows (in thousands): Three Months Ended Presentation of Gain/(loss) Apr 2, 2022 Apr 3, 2021 Gain/(loss) recognized in accumulated other comprehensive income Other comprehensive income $ 38,047 $ 11,716 Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (3,961) $ (5,023) Interest rate swaps are subject to default risk to the extent the counterparties are unable to satisfy their settlement obligations under the interest rate swap agreements. The company reviews the credit profile of the financial institutions that are counterparties to such swap agreements and assesses their creditworthiness prior to entering into the interest rate swap agreements and throughout the term. The interest rate swap agreements typically contain provisions that allow the counterparty to require early settlement in the event that the company becomes insolvent or is unable to maintain compliance with its covenants under its existing debt agreements.

Segment Information

Segment Information	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Segment Information	Segment Information The company operates in three reportable operating segments defined by management reporting structure and operating activities. The Commercial Foodservice Equipment Group 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. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The chief operating decision maker evaluates individual segment performance based on operating income. Net Sales Summary (dollars in thousands) Three Months Ended Apr 2, 2022 Apr 3, 2021 Sales Percent Sales Percent Business Segments: Commercial Foodservice $ 543,653 54.7 % $ 481,155 63.5 % Food Processing 119,943 12.0 112,494 14.8 Residential Kitchen 331,080 33.3 164,409 21.7 Total $ 994,676 100.0 % $ 758,058 100.0 % The following table summarizes the results of operations for the company's business segments (in thousands): Commercial Food Processing Residential Kitchen Corporate and Other (1) Total Three Months Ended April 2, 2022 Net sales $ 543,653 $ 119,943 $ 331,080 $ — $ 994,676 Income (loss) from operations (2, 3) 109,718 20,112 24,946 (32,212) 122,564 Depreciation expense 5,872 1,325 3,985 190 11,372 Amortization expense (5) 13,649 1,787 18,129 1,805 35,370 Net capital expenditures 5,564 3,087 5,541 305 14,497 Total assets $ 3,596,857 $ 654,766 $ 2,127,119 $ 95,423 $ 6,474,165 Three Months Ended April 3, 2021 Net sales $ 481,155 $ 112,494 $ 164,409 $ — $ 758,058 Income (loss) from operations (2, 3, 4) 96,316 19,662 29,856 (24,661) 121,173 Depreciation expense 5,793 1,315 2,774 255 10,137 Amortization expense (5) 15,204 1,843 1,772 1,476 20,295 Net capital expenditures 5,195 928 2,256 346 8,725 Total assets $ 3,283,354 $ 632,746 $ 1,213,045 $ 160,768 $ 5,289,913 (1) Includes corporate and other general company assets and operations. (2) Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. (3) Restructuring expenses are allocated in operating income by segment. (4) Gain on sale of plants are included in Commercial Foodservice. (5) Includes amortization of deferred financing costs and Convertible Notes issuance costs. Geographic Information Long-lived assets, not including goodwill and other intangibles (in thousands): Apr 2, 2022 Apr 3, 2021 United States and Canada $ 401,182 $ 332,387 Asia 19,626 18,747 Europe and Middle East 147,005 182,577 Latin America 10,934 6,155 Total international $ 177,565 $ 209,785 $ 578,747 $ 539,865

Employee Retirement Plans

Employee Retirement Plans	3 Months Ended
	Apr. 02, 2022
Employee Retirement Plans [Abstract]
Employee Retirement Plans	Employee Retirement Plans The following table summarizes the company's net periodic pension benefit related to the AGA Group pension plans (in thousands): Three Months Ended Apr 2, 2022 Apr 3, 2021 Net Periodic Pension Benefit: Service cost $ — $ 194 Interest cost 6,705 4,290 Expected return on assets (19,956) (19,531) Amortization of net loss (gain) 965 3,152 Amortization of prior service cost (credit) 696 716 $ (11,590) $ (11,179)

Share Repurchases (Notes)

Share Repurchases (Notes)	3 Months Ended
	Apr. 02, 2022
Text Block [Abstract]
Treasury Stock [Text Block]	Share RepurchasesIn 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 three months period ended April 2, 2022, the company repurchased 862,912 shares of its common stock under the program for $155.2 million, including applicable commissions, which represented an average price of $179.89. As of April 2, 2022, 2,027,577 shares had been purchased under the 2017 stock repurchase program and 472,423 shares remained 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 the three months period ended April 2, 2022, the company repurchased 84,086 shares of its common stock that were surrendered to the company for withholding taxes related to restricted stock vestings for $14.8 million. During the three months period ended April 3, 2021, the company repurchased 10,473 shares of its common stock that were surrendered to the company for withholding taxes related to restricted stock vestings for $1.8 million.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 02, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements have been prepared by The Middleby Corporation (the "company" or “Middleby”), pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The financial statements are unaudited and certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the company believes that the disclosures are adequate to make the information not misleading. These financial statements should be read in conjunction with the financial statements and related notes contained in the company's 2021 Form 10-K. The company’s interim results are not necessarily indicative of future full year results for the fiscal year 2022. In the opinion of management, the financial statements contain all adjustments, which are normal and recurring in nature, necessary to present fairly the financial position of the company as of April 2, 2022 and January 1, 2022, the results of operations for the three months ended April 2, 2022 and April 3, 2021, cash flows for the three months ended April 2, 2022 and April 3, 2021 and statement of stockholders' equity for the three months ended April 2, 2022 and April 3, 2021.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses. Significant estimates and assumptions are used for, but are not limited to, allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves, non-cash share-based compensation and post-retirement obligations. Actual results could differ from the company's estimates.
Non-Cash Share-Based Compensation	Non-Cash Share-Based CompensationThe company estimates the fair value of market-based stock awards and stock options at the time of grant and recognizes compensation cost over the vesting period of the awards and options.
Fair Value Measures	Fair Value Measures Accounting Standards Codification ("ASC") 820 "Fair Value Measurements and Disclosures" defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly. Level 3 – Unobservable inputs based the company's own assumptions.
Earnings Per Share, Policy	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.

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Policies)	3 Months Ended
	Apr. 02, 2022
Revenue Recognition [Abstract]
Revenue [Policy Text Block]	The company disaggregates its net sales by reportable operating segment and geographical location as the company believes it best depicts how the nature, timing and uncertainty of its net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under the company's long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Apr. 02, 2022
Accounting Policies [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The company’s financial assets and liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands): Fair Value Fair Value Fair Value Total As of April 2, 2022 Financial Assets: Interest rate swaps $ — $ 26,124 $ — $ 26,124 Financial Liabilities: Interest rate swaps $ — $ 2,106 $ — $ 2,106 Contingent consideration $ — $ — $ 35,108 $ 35,108 Foreign exchange derivative contracts $ — $ 3,033 $ — $ 3,033 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

Acquisitions and Purchase Acc_2

Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables)	3 Months Ended
	Apr. 02, 2022
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Information	The pro forma results include adjustments to reflect amortization of intangibles associated with the acquisition and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): Three Months Ended April 2, 2022 April 3, 2021 Net sales $ 994,676 $ 887,876 Net earnings 112,840 66,300 Net earnings per share: Basic $ 2.06 $ 1.20 Diluted $ 2.00 $ 1.18
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 Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 5,381 $ (70) $ 5,311 Current assets 137,826 (1,964) 135,862 Property, plant and equipment 7,773 — 7,773 Goodwill 110,052 4,746 114,798 Other intangibles 215,577 — 215,577 Other assets 2,143 — 2,143 Current liabilities (54,865) (2,747) (57,612) Long-term deferred tax liability (15,907) — (15,907) Other non-current liabilities (1,914) 35 (1,879) Net assets acquired and liabilities assumed $ 406,066 $ — $ 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 76,077 726 76,803 Property, plant and equipment 19,561 (187) 19,374 Goodwill 85,270 9,514 94,784 Other intangibles 158,725 (9,193) 149,532 Other assets 2,101 31 2,132 Current liabilities (33,910) 144 (33,766) Long-term deferred tax asset (liability) (3,010) 3,381 371 Other non-current liabilities (7,092) (3,397) (10,489) Consideration paid at closing $ 304,136 $ 1,019 $ 305,155 Contingent consideration 9,404 — 9,404 Net assets acquired and liabilities assumed $ 313,540 $ 1,019 $ 314,559

Revenue Recognition Revenue R_3

Revenue Recognition Revenue Recognition (Tables)	3 Months Ended
	Apr. 02, 2022
Revenue Recognition [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table summarizes the company's net sales by reportable operating segment and geographical location (in thousands): Commercial Food Processing Residential Kitchen Total Three Months Ended April 2, 2022 United States and Canada $ 374,909 $ 94,797 $ 229,599 $ 699,305 Asia 52,016 3,743 6,005 61,764 Europe and Middle East 100,291 14,200 93,583 208,074 Latin America 16,437 7,203 1,893 25,533 Total $ 543,653 $ 119,943 $ 331,080 $ 994,676 Three Months Ended April 3, 2021 United States and Canada $ 338,837 $ 79,650 $ 108,574 $ 527,061 Asia 49,719 4,003 3,032 56,754 Europe and Middle East 82,017 20,425 51,844 154,286 Latin America 10,582 8,416 959 19,957 Total $ 481,155 $ 112,494 $ 164,409 $ 758,058
Contract with Customer, Asset and Liability [Table Text Block]	The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands): Apr 2, 2022 Jan 1, 2022 Contract assets $ 34,012 $ 21,592 Contract liabilities $ 160,204 $ 133,315 Non-current contract liabilities $ 11,089 $ 11,602

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	3 Months Ended
	Apr. 02, 2022
Disclosure Other Comprehensive Income Additional Information [Abstract]
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Changes in accumulated other comprehensive income (1) were as follows (in thousands): Currency Translation Adjustment Pension Benefit Costs Unrealized Gain/(Loss) Interest Rate Swap Unrealized Gain Certain Investments Total Balance as of January 1, 2022 $ (97,654) $ (249,696) $ (13,064) $ 1,330 $ (359,084) Other comprehensive income before reclassification (27,191) 6,244 27,155 1,348 7,556 Amounts reclassified from accumulated other comprehensive income — — 3,961 — 3,961 Net current-period other comprehensive income $ (27,191) $ 6,244 $ 31,116 1,348 $ 11,517 Balance as of April 2, 2022 $ (124,845) $ (243,452) $ 18,052 2,678 $ (347,567) Balance as of January 2, 2021 $ (49,961) $ (400,919) $ (37,548) $ — $ (488,428) Other comprehensive income before reclassification (10,614) (3,970) 7,389 — (7,195) Amounts reclassified from accumulated other comprehensive income — — 5,023 — 5,023 Net current-period other comprehensive income $ (10,614) $ (3,970) $ 12,412 $ — $ (2,172) Balance as of April 3, 2021 $ (60,575) $ (404,889) $ (25,136) $ — $ (490,600)
Schedule of Comprehensive Income (Loss)	Components of other comprehensive income were as follows (in thousands): Three Months Ended Apr 2, 2022 Apr 3, 2021 Net earnings $ 85,755 $ 89,263 Currency translation adjustment (27,191) (10,614) Pension liability adjustment, net of tax 6,244 (3,970) Unrealized gain on interest rate swaps, net of tax 31,116 12,412 Unrealized gain on certain investments, net of tax 1,348 — Comprehensive income $ 97,272 $ 87,091

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Schedule of Inventory, Current	Inventories at April 2, 2022 and January 1, 2022 are as follows (in thousands): Apr 2, 2022 Jan 1, 2022 Raw materials and parts $ 491,213 $ 421,361 Work-in-process 74,325 65,581 Finished goods 359,225 350,476 $ 924,763 $ 837,418

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the three months ended April 2, 2022 are as follows (in thousands): Commercial Food Residential Kitchen Total Balance as of January 1, 2022 $ 1,285,087 $ 250,715 $ 707,667 $ 2,243,469 Goodwill acquired during the year 1,764 — — 1,764 Measurement period adjustments to 980 — 3,909 4,889 Exchange effect (3,014) (1,045) (9,622) (13,681) Balance as of April 2, 2022 $ 1,284,817 $ 249,670 $ 701,954 $ 2,236,441 The annual impairment assessment for goodwill and indefinite-lived intangible assets is performed as of the first day of the fourth quarter and since that assessment the company does not believe there are any indicators of impairment requiring subsequent analysis. This is supported by the review of order rates, backlog levels and financial performance across business segments.

Intangibles (Tables)

Intangibles (Tables)	3 Months Ended
	Apr. 02, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Intangible assets consist of the following (in thousands): April 2, 2022 January 1, 2022 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer lists 7.4 $ 863,339 $ (430,729) 7.6 $ 863,339 $ (411,327) Backlog 0.0 13,646 (13,646) 0.2 13,684 (929) Developed technology 8.7 73,701 (31,555) 8.9 73,461 (29,952) $ 950,686 $ (475,930) $ 950,484 $ (442,208) Indefinite-lived assets: Trademarks and tradenames $ 1,360,401 $ 1,367,101
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The estimated future amortization expense of intangible assets is as follows (in thousands): Twelve Month Period coinciding with the end of the company's Fiscal First Quarter Amortization Expense 2023 $ 80,942 2024 74,658 2025 62,315 2026 57,876 2027 53,343 Thereafter 145,622 $ 474,756

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Apr. 02, 2022
Disclosure Accrued Expenses [Abstract]
Schedule of Accrued Liabilities	Accrued expenses consist of the following (in thousands): Apr 2, 2022 Jan 1, 2022 Contract liabilities $ 160,204 $ 133,315 Accrued payroll and related expenses 111,943 115,762 Accrued warranty 79,660 80,215 Accrued customer rebates 40,250 72,451 Accrued short-term leases 22,007 22,753 Accrued contingent consideration 21,391 18,728 Accrued professional fees 20,647 19,292 Accrued sales and other tax 20,256 22,684 Accrued agent commission 15,520 13,670 Accrued product liability and workers compensation 11,722 10,952 Other accrued expenses 81,764 73,033 $ 585,364 $ 582,855

Warranty Costs (Tables)

Warranty Costs (Tables)	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Product Warranty Table Disclosure	A rollforward of the warranty reserve is as follows (in thousands): Three Months Ended Apr 2, 2022 Balance as of January 1, 2022 $ 80,215 Warranty reserve related to acquisitions 436 Warranty expense 16,620 Warranty claims (17,611) Balance as of April 2, 2022 $ 79,660

Financing Arrangements (Tables)

Financing Arrangements (Tables)	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Schedule of Long-term Debt Instruments	Apr 2, 2022 Jan 1, 2022 (in thousands) Senior secured revolving credit line $ 871,001 $ 683,175 Term loan facility 987,251 993,340 Convertible senior notes 735,234 734,417 Foreign loans 3,271 2,224 Other debt arrangement 1,068 1,138 Total debt 2,597,825 2,414,294 Less: Current maturities of long-term debt 27,693 27,293 Long-term debt $ 2,570,132 $ 2,387,001
Carrying Value And Fair Value Of Long Term Debt, Disclosure	Apr 2, 2022 Jan 1, 2022 Carrying Value Fair Value Carrying Value Fair Value Total debt excluding convertible senior notes $ 1,862,591 $ 1,869,089 $ 1,679,877 $ 1,686,537
Convertible Debt	The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes: Apr 2, 2022 Jan 1, 2022 (in thousands) Principal amounts: Principal $ 747,500 $ 747,500 Unamortized issuance costs (12,266) (13,083) Net carrying amount $ 735,234 $ 734,417
Schedule of Debt Instruments, Interest Expense	The following table summarizes total interest expense recognized related to the Convertible Notes: Three Months Ended Apr 2, 2022 Apr 3, 2021 Contractual interest expense $ 1,890 $ 1,890 Interest cost related to amortization of issuance costs 902 883 Total interest expense $ 2,792 $ 2,773 The estimated fair value of the Convertible Notes was $1.0 billion as of April 2, 2022 and was determined through consideration of quoted market prices. The fair value is classified as Level 2, as defined in Note 1(d), Fair Value Measurements , in these Notes to the Condensed Consolidated Financial Statement . The if-converted value of the Convertible Notes exceeded their respective principal value by $191.0 million as of April 2, 2022.

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the company’s fair value of interest rate swaps (in thousands): Condensed Consolidated Apr 2, 2022 Jan 1, 2022 Fair value Prepaid expense and other $ 623 — Fair value Other assets $ 25,501 $ 3,645 Fair value Accrued expenses $ 67 $ 1,171 Fair value Other non-current liabilities $ 2,039 $ 20,464
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The impact on earnings from interest rate swaps was as follows (in thousands): Three Months Ended Presentation of Gain/(loss) Apr 2, 2022 Apr 3, 2021 Gain/(loss) recognized in accumulated other comprehensive income Other comprehensive income $ 38,047 $ 11,716 Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ (3,961) $ (5,023)

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Apr. 02, 2022
Notes To Financial Statements [Abstract]
Net Sales Summary By Segment	Net Sales Summary (dollars in thousands) Three Months Ended Apr 2, 2022 Apr 3, 2021 Sales Percent Sales Percent Business Segments: Commercial Foodservice $ 543,653 54.7 % $ 481,155 63.5 % Food Processing 119,943 12.0 112,494 14.8 Residential Kitchen 331,080 33.3 164,409 21.7 Total $ 994,676 100.0 % $ 758,058 100.0 %
Schedule of Segment Reporting Information, by Segment	The following table summarizes the results of operations for the company's business segments (in thousands): Commercial Food Processing Residential Kitchen Corporate and Other (1) Total Three Months Ended April 2, 2022 Net sales $ 543,653 $ 119,943 $ 331,080 $ — $ 994,676 Income (loss) from operations (2, 3) 109,718 20,112 24,946 (32,212) 122,564 Depreciation expense 5,872 1,325 3,985 190 11,372 Amortization expense (5) 13,649 1,787 18,129 1,805 35,370 Net capital expenditures 5,564 3,087 5,541 305 14,497 Total assets $ 3,596,857 $ 654,766 $ 2,127,119 $ 95,423 $ 6,474,165 Three Months Ended April 3, 2021 Net sales $ 481,155 $ 112,494 $ 164,409 $ — $ 758,058 Income (loss) from operations (2, 3, 4) 96,316 19,662 29,856 (24,661) 121,173 Depreciation expense 5,793 1,315 2,774 255 10,137 Amortization expense (5) 15,204 1,843 1,772 1,476 20,295 Net capital expenditures 5,195 928 2,256 346 8,725 Total assets $ 3,283,354 $ 632,746 $ 1,213,045 $ 160,768 $ 5,289,913 (1) Includes corporate and other general company assets and operations. (2) Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
Schedule of Entity-Wide Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country	Long-lived assets, not including goodwill and other intangibles (in thousands): Apr 2, 2022 Apr 3, 2021 United States and Canada $ 401,182 $ 332,387 Asia 19,626 18,747 Europe and Middle East 147,005 182,577 Latin America 10,934 6,155 Total international $ 177,565 $ 209,785 $ 578,747 $ 539,865

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	3 Months Ended
	Apr. 02, 2022
Employee Retirement Plans [Abstract]
Schedule of Costs of Retirement Plans [Table Text Block]	The following table summarizes the company's net periodic pension benefit related to the AGA Group pension plans (in thousands): Three Months Ended Apr 2, 2022 Apr 3, 2021 Net Periodic Pension Benefit: Service cost $ — $ 194 Interest cost 6,705 4,290 Expected return on assets (19,956) (19,531) Amortization of net loss (gain) 965 3,152 Amortization of prior service cost (credit) 696 716 $ (11,590) $ (11,179)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Accounting Policies [Abstract]
Non-cash share-based compensation expense	$ 13,723	$ 7,609
Provision for income taxes	$ 26,610	$ 28,907
Effective Income Tax Rate Reconciliation, Percent	23.70%	24.50%
Interest paid	$ 18,100	$ 16,600
Income tax payments	$ 7,900	$ 12,800
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	5,653	8,269
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	1,688,402	744,334

Financial Assets and Liabilitie

Financial Assets and Liabilities that are Measured At Fair Value and are Categorized Using Fair Value Hierarchy (Detail) - Fair Value, Measurements, Recurring - USD ($)	Apr. 02, 2022	Jan. 01, 2022
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets	$ 26,124,000	$ 3,645,000
Financial Liabilities	2,106,000	21,635,000
Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	35,108,000	34,983,000
Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets		1,095,000
Financial Liabilities	3,033,000
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets	0	0
Financial Liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets		0
Financial Liabilities	0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets	26,124,000	3,645,000
Financial Liabilities	2,106,000	21,635,000
Fair Value, Inputs, Level 2 [Member] | Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	0	0
Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets		1,095,000
Financial Liabilities	3,033,000
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets	0	0
Financial Liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	35,108,000	34,983,000
Fair Value, Inputs, Level 3 [Member] | Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets		$ 0
Financial Liabilities	$ 0

Acquisitions and Purchase Acc_3

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - Novy Acquisition (Details) - USD ($)	Jul. 12, 2021	Apr. 02, 2022	Apr. 03, 2021	Jan. 01, 2022
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 9,389,000	$ 1,667,000
Goodwill		2,236,441,000		$ 2,243,469,000
Residential Kitchen
Business Acquisition [Line Items]
Goodwill		$ 701,954,000		$ 707,667,000
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	24,090,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	16,089,000
Goodwill	125,327,000
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	(22,849,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(39,400,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(2,123,000)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	267,008,000
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 | Residential Kitchen
Business Acquisition [Line Items]
Goodwill	125,300,000
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
Initial accounting | Novy
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
Measurement period adjustment | Novy
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	328,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(969,000)
Goodwill	(17,414,000)
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	591,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(5,482,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(193,000)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 0

Acquisitions and Purchase Acc_4

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - Kamado Joe and Masterbuilt (Details) - USD ($) $ in Thousands	Dec. 27, 2021	Apr. 02, 2022	Apr. 03, 2021	Jan. 01, 2022
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 9,389	$ 1,667
Goodwill		2,236,441		$ 2,243,469
Residential Kitchen
Business Acquisition [Line Items]
Goodwill		$ 701,954		$ 707,667
Kamado Joe and Masterbuilt
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 400,800
Payments to Acquire Businesses, Gross	$ 403,600
Stock Issued During Period, Shares, Acquisitions	12,921
Stock issuance related to acquisition	$ 2,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	5,311
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	135,862
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	7,773
Goodwill	114,798
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	(57,612)
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	(1,879)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	406,066
Business Acquisition, Goodwill, Expected Tax Deductible Amount	71,700
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	164,300
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
Kamado Joe and Masterbuilt | Residential Kitchen
Business Acquisition [Line Items]
Goodwill	114,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	215,600
Initial accounting | 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
Measurement period adjustment | Kamado Joe and Masterbuilt
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	(70)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	(1,964)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	0
Goodwill	4,746
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(2,747)
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	35
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 0

Acquisitions and Purchase Acc_5

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Labilities Assumed - 2021 Acquisitions (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Jan. 01, 2022
Business Acquisition [Line Items]
Goodwill	$ 2,236,441	$ 2,243,469
Residential Kitchen
Business Acquisition [Line Items]
Goodwill	701,954	707,667
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	1,284,817	$ 1,285,087
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	76,803
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	19,374
Goodwill	94,784
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	(33,766)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	371
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(10,489)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	305,155
Business Combination, Contingent Consideration, Liability	9,404
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	314,559
Business Acquisition, Goodwill, Expected Tax Deductible Amount	92,800
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	148,400
2021 Acquisitions | Residential Kitchen
Business Acquisition [Line Items]
Goodwill	30,000
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	64,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	60,600
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	$ (700)
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	300
Initial accounting | 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	726
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(187)
Goodwill	9,514
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	144
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	3,381
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(3,397)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	1,019
Business Combination, Contingent Consideration, Liability	0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 1,019

Acquisitions and Purchase Acc_6

Acquisitions and Purchase Accounting Acquisitions and Purchase Accounting - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Business Combinations [Abstract]
Business Acquisition, Pro Forma Revenue	$ 994,676	$ 887,876
Business Acquisition, Pro Forma Net Income (Loss)	$ 112,840	$ 66,300
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 2.06	$ 1.20
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 2	$ 1.18

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 994,676	$ 758,058
United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	699,305	527,061
Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	61,764	56,754
Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	208,074	154,286
Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	25,533	19,957
Commercial Foodservice Equipment Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	543,653	481,155
Commercial Foodservice Equipment Group | United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	374,909	338,837
Commercial Foodservice Equipment Group | Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	52,016	49,719
Commercial Foodservice Equipment Group | Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	100,291	82,017
Commercial Foodservice Equipment Group | Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	16,437	10,582
Food Processing Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	119,943	112,494
Food Processing Group | United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	94,797	79,650
Food Processing Group | Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	3,743	4,003
Food Processing Group | Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	14,200	20,425
Food Processing Group | Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	7,203	8,416
Residential Kitchen
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	331,080	164,409
Residential Kitchen | United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	229,599	108,574
Residential Kitchen | Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	6,005	3,032
Residential Kitchen | Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	93,583	51,844
Residential Kitchen | Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 1,893	$ 959

Revenue Recognition Contract wi

Revenue Recognition Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Jan. 01, 2022
Revenue Recognition [Abstract]
Contract with Customer, Asset, Net, Current	$ 34,012	$ 21,592
Contract liabilities	160,204	133,315
Contract with Customer, Liability, Noncurrent	11,089	$ 11,602
Contract with Customer, Asset, Reclassified to Receivable	4,800
Contract with Customer, Liability, Revenue Recognized	79,600
Contract with Customer, Liability, Increase for Contract Acquired during the Period	119,900
Capitalized Contract Cost, Impairment Loss	$ 0

Changes in accumulated other co

Changes in accumulated other comprehensive income (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Accumulated Other Comprehensive Income [Roll Forward]
Beginning of Period	$ (359,084)	$ (488,428)
Other comprehensive income before reclassification	7,556	(7,195)
Amounts reclassified from accumulated other comprehensive income	3,961	5,023
Net current-period other comprehensive income	11,517	(2,172)
End of Period	(347,567)	(490,600)
Accumulated Other Comprehensive (income) Loss, Defined Benefit Plan, Tax	(38,500)	(90,000)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Tax	6,400	(8,800)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) Certain Investments, tax	900
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	1,000	(900)
Unrealized gain on interest rate swap, tax	10,892	4,327
Other Comprehensive Income (Loss), Unrealized Gain (loss) Certain Investments, Tax	500
Accumulated Translation Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning of Period	(97,654)	(49,961)
Other comprehensive income before reclassification	(27,191)	(10,614)
Amounts reclassified from accumulated other comprehensive income	0	0
Net current-period other comprehensive income	(27,191)	(10,614)
End of Period	(124,845)	(60,575)
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning of Period	(249,696)	(400,919)
Other comprehensive income before reclassification	(6,244)	3,970
Amounts reclassified from accumulated other comprehensive income	0	0
Net current-period other comprehensive income	6,244	(3,970)
End of Period	(243,452)	(404,889)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent | Interest Rate Swap
Accumulated Other Comprehensive Income [Roll Forward]
Beginning of Period	(13,064)	(37,548)
Other comprehensive income before reclassification	27,155	7,389
Amounts reclassified from accumulated other comprehensive income	3,961	5,023
Net current-period other comprehensive income	31,116	12,412
End of Period	18,052	(25,136)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent
Accumulated Other Comprehensive Income [Roll Forward]
Beginning of Period	1,330	0
Other comprehensive income before reclassification	1,348	0
Amounts reclassified from accumulated other comprehensive income	0	0
Net current-period other comprehensive income	1,348	0
End of Period	$ 2,678	$ 0

Components of Other Comprehensi

Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Disclosure Other Comprehensive Income Additional Information [Abstract]
Net earnings	$ 85,755	$ 89,263
Currency Translation Adjustment	(27,191)	(10,614)
Change in unrecognized pension benefit costs, net of tax	6,244	(3,970)
Unrealized gain (loss) on interest rate swamp, net of tax	31,116	12,412
Comprehensive income	97,272	87,091
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	$ 1,348	$ 0

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Notes To Financial Statements [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 491,213	$ 421,361
Inventory, Work in Process, Net of Reserves	74,325	65,581
Inventory, Finished Goods, Net of Reserves	359,225	350,476
Inventories, net	$ 924,763	$ 837,418

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2022USD ($)
Goodwill [Line Items]
Balance beginning of period	$ 2,243,469
Goodwill acquired during the year	1,764
Measurement period adjustments to goodwill acquired in prior year	4,889
Goodwill, Foreign Currency Translation Gain (Loss)	(13,681)
Balance end of period	2,236,441
Commercial Foodservice Equipment Group
Goodwill [Line Items]
Balance beginning of period	1,285,087
Goodwill acquired during the year	1,764
Measurement period adjustments to goodwill acquired in prior year	980
Goodwill, Foreign Currency Translation Gain (Loss)	(3,014)
Balance end of period	1,284,817
Food Processing Group
Goodwill [Line Items]
Balance beginning of period	250,715
Goodwill acquired during the year	0
Measurement period adjustments to goodwill acquired in prior year	0
Goodwill, Foreign Currency Translation Gain (Loss)	(1,045)
Balance end of period	249,670
Residential Kitchen
Goodwill [Line Items]
Balance beginning of period	707,667
Goodwill acquired during the year	0
Measurement period adjustments to goodwill acquired in prior year	3,909
Goodwill, Foreign Currency Translation Gain (Loss)	(9,622)
Balance end of period	$ 701,954

Intangibles (Details)

Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Jan. 01, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 950,686		$ 950,484
Finite-Lived Intangible Assets, Accumulated Amortization	(475,930)		$ (442,208)
Amortization of Intangible Assets	33,600	$ 18,800
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	80,942
Finite-Lived Intangible Assets, Amortization Expense, Year Two	74,658
Finite-Lived Intangible Assets, Amortization Expense, Year Three	62,315
Finite-Lived Intangible Assets, Amortization Expense, Year Four	57,876
Finite-Lived Intangible Assets, Amortization Expense, Year Five	53,343
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	145,622
Finite-Lived Intangible Assets, Net	$ 474,756
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years 4 months 24 days		7 years 7 months 6 days
Finite-Lived Intangible Assets, Gross	$ 863,339		$ 863,339
Finite-Lived Intangible Assets, Accumulated Amortization	$ (430,729)		$ (411,327)
Backlog
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	0 years		2 months 12 days
Finite-Lived Intangible Assets, Gross	$ 13,646		$ 13,684
Finite-Lived Intangible Assets, Accumulated Amortization	$ (13,646)		$ (929)
Developed Technology Rights
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	8 years 8 months 12 days		8 years 10 months 24 days
Finite-Lived Intangible Assets, Gross	$ 73,701		$ 73,461
Finite-Lived Intangible Assets, Accumulated Amortization	(31,555)		(29,952)
Tradenames And Trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 1,360,401		$ 1,367,101

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Disclosure Accrued Expenses [Abstract]
Contract liabilities	$ 160,204	$ 133,315
Accrued payroll and related expenses	111,943	115,762
Accrued warranty	79,660	80,215
Accrued customer rebates	40,250	72,451
Accrued short-term leases	22,007	22,753
Accrued professional services	20,647	19,292
Accrued sales and other tax	20,256	22,684
Accrued agent commission	15,520	13,670
Accrued Product Liability And Workers Compensation Liability Current	11,722	10,952
Disposal Group, Including Discontinued Operation, Accrued Liabilities	21,391	18,728
Other accrued expenses	81,764	73,033
Accrued expenses	$ 585,364	$ 582,855

Rollforward of Warranty Reserve

Rollforward of Warranty Reserve (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2022USD ($)
Disclosure Rollforward Of Warranty Reserve [Abstract]
Beginning balance	$ 80,215
Warranty reserve related to acquisitions	436
Warranty expense	16,620
Warranty claims	(17,611)
Ending balance	$ 79,660

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Debt Disclosure [Line Items]
Senior secured revolving credit line	$ 871,001	$ 683,175
Term loan facility	987,251	993,340
Convertible senior notes	735,234	734,417
Other Long-term Debt	1,068	1,138
Total debt	2,597,825	2,414,294
Less: Current maturities of long-term debt	27,693	27,293
Long-term debt	2,570,132	2,387,001
Foreign
Debt Disclosure [Line Items]
Foreign loans	$ 3,271	$ 2,224

Financing Arrangements Addition

Financing Arrangements Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Jan. 01, 2022
Debt Disclosure [Line Items]
Term loan facility	$ 987,251	$ 993,340
Credit facility, outstanding	1,900,000
Letters of Credit Outstanding, Amount	$ 2,200
Credit facility, additional interest rate above LIBOR	1.625%
Debt Instrument Interest Additional Interest Above LIBOR Rate Alternative	0.625%
Debt Instrument Interest Additional Interest Above Fed Funds Rate	0.50%
Debt Instrument, Interest Rate, Increase (Decrease)	1.00%
Credit facility, average interest rate	2.85%
Variable commitment fee	0.25%
Term loan facility average interest rate	3.35%
Line of credit, Current and Noncurrent, Foreign	$ 3,300
Line of Credit Facility, Interest Rate at Period End	10.05%
Derivative Notional Amount, Current	$ 129,000
Derivative Notional Amount, NonCurrent	$ 1,048,000
Derivative Fixed Interest Rate, Current	1.71%
Term loan facility, gross	$ 1,000,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 2,600,000
Debt Instrument Interest Additional Interest Above LIBOR Rate, elevated covenants	1.625%
Line Of Credit Facility Commitment Fee Percentage, elevated covenants	0.25%
Convertible Debt
Debt Disclosure [Line Items]
Debt Instrument, Face Amount	$ 747,500	$ 747,500

Carrying Value and Estimated Ag

Carrying Value and Estimated Aggregate Fair Value of Debt (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Feb. 11, 2022	Jan. 01, 2022
Debt Disclosure [Line Items]
Carrying Value	$ 2,597,825		$ 2,414,294
Derivative, Fixed Interest Rate		1.50%
Derivative, Notional Amount		$ 375,000
Derivative Fixed Interest Rate, Noncurrent	1.79%
Debt excluding convertible senior notes
Debt Disclosure [Line Items]
Carrying Value	$ 1,862,591		1,679,877
Fair Value	$ 1,869,089		$ 1,686,537

Convertible Debt (Details)

Convertible Debt (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Debt Disclosure [Line Items]
Convertible senior notes	$ 735,234	$ 734,417
Convertible Debt
Debt Disclosure [Line Items]
Debt Instrument, Face Amount	747,500	747,500
Unamortized Debt Issuance Expense	$ (12,266)	$ (13,083)

Convertible Debt Interest Expen

Convertible Debt Interest Expense (Details) - Convertible Debt - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Debt Disclosure [Line Items]
Interest Expense, Debt, Excluding Amortization	$ 1,890	$ 1,890
Amortization of Debt Discount (Premium)	902	883
Interest Expense	$ 2,792	$ 2,773

Convertible Debt Additional Inf

Convertible Debt Additional Information (Details) $ in Millions	3 Months Ended
	Apr. 02, 2022USD ($)
Debt Disclosure [Line Items]
Debt Instrument, Convertible, If-converted Value in Excess of Principal	$ 191
Convertible Debt
Debt Disclosure [Line Items]
Notes Payable, Fair Value Disclosure	$ 1,000

Capped Call Information (Detail

Capped Call Information (Details) - USD ($)	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Mar. 22, 2022	Dec. 22, 2021	Dec. 16, 2021	Aug. 21, 2020
Debt Disclosure [Line Items]
Premiums paid for capped call	$ 9,655,000	$ 0
2021 Capped Call Transaction One
Debt Disclosure [Line Items]
Premiums paid for capped call	54,600,000
2022 Capped Call Transaction
Debt Disclosure [Line Items]
Premiums paid for capped call	$ 9,700,000
Convertible Debt
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction, Net Cost						$ 104,700,000
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 | 2022 Capped Call Transaction
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction Cap Price, Per Share			$ 229
Convertible Debt | 2021 Capped Call Transaction Two
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction Cap Price, Per Share				$ 225

Summary of Fair Value of Intere

Summary of Fair Value of Interest Rate Swaps (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Feb. 11, 2022	Jan. 01, 2022
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount		$ 375,000
Foreign Exchange Forward
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 350,200		$ 350,500
Prepaid Expenses and Other Current Assets | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	623		0
Other Noncurrent Assets | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	25,501		3,645
Accrued Liabilities | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Liability at Fair Value	67		1,171
Other Noncurrent Liabilities | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair value	$ (2,039)		$ (20,464)

Impact on Earnings from Interes

Impact on Earnings from Interest Rate Swaps (Details) - Interest Rate Swap - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ 38,047	$ 11,716
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	$ (3,961)	$ (5,023)

Financial Instruments Additiona

Financial Instruments Additional Information (Details) $ in Millions	3 Months Ended
	Apr. 02, 2022USD ($)
Derivative [Line Items]
Fair value of interest rate swaps liability	$ 24
Loss in fair value of interest rate swaps	31.1
Foreign Exchange Forward
Derivative [Line Items]
Derivative, Fair Value, Net	$ (3)

Net Sales Summary (Details)

Net Sales Summary (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2022	Apr. 03, 2021
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 994,676	$ 758,058
Percent		100.00%	100.00%
Income from operations	[1],[2]	$ 122,564	$ 121,173	[3]
Depreciation and amortization expense		46,742	30,432
Capital Expenditures Net		14,497	8,725
Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 543,653	$ 481,155
Percent		54.70%	63.50%
Income from operations	[1],[2]	$ 109,718	$ 96,316	[3]
Capital Expenditures Net		5,564	5,195
Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 119,943	$ 112,494
Percent		12.00%	14.80%
Income from operations	[1],[2]	$ 20,112	$ 19,662
Capital Expenditures Net		3,087	928
Corporate and Other
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		0	0
Income from operations	[1],[2],[4]	(32,212)	(24,661)
Capital Expenditures Net	[4]	305	346
Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 331,080	$ 164,409
Percent		33.30%	21.70%
Income from operations	[1],[2]	$ 24,946	$ 29,856
Capital Expenditures Net		5,541	2,256
United States and Canada
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		699,305	527,061
United States and Canada | Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		374,909	338,837
United States and Canada | Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		94,797	79,650
United States and Canada | Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		229,599	108,574
Asia
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		61,764	56,754
Asia | Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		52,016	49,719
Asia | Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		3,743	4,003
Asia | Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		6,005	3,032
Europe and Middle East
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		208,074	154,286
Europe and Middle East | Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		100,291	82,017
Europe and Middle East | Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		14,200	20,425
Europe and Middle East | Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		93,583	51,844
Latin America
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		25,533	19,957
Latin America | Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		16,437	10,582
Latin America | Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		7,203	8,416
Latin America | Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 1,893	$ 959
[1]	Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2]	Restructuring expenses are allocated in operating income by segment.
[3]	Gain on sale of plants are included in Commercial Foodservice.
[4]	Includes corporate and other general company assets and operations.

Summary of Results of Operation

Summary of Results of Operations for Business Segments (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 02, 2022	Apr. 03, 2021		Jan. 01, 2022
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		$ 994,676	$ 758,058
Income from operations	[1],[2]	122,564	121,173	[3]
Depreciation		11,372	10,137
Amortization of Intangible Assets and Debt Issuance Costs	[4]	35,370	20,295
Capital Expenditures Net		14,497	8,725
Total assets		6,474,165	5,289,913		$ 6,383,598
Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		543,653	481,155
Income from operations	[1],[2]	109,718	96,316	[3]
Depreciation		5,872	5,793
Amortization of Intangible Assets and Debt Issuance Costs		13,649	15,204
Capital Expenditures Net		5,564	5,195
Total assets		3,596,857	3,283,354
Food Processing Group
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		119,943	112,494
Income from operations	[1],[2]	20,112	19,662
Depreciation		1,325	1,315
Amortization of Intangible Assets and Debt Issuance Costs		1,787	1,843
Capital Expenditures Net		3,087	928
Total assets		654,766	632,746
Residential Kitchen
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		331,080	164,409
Income from operations	[1],[2]	24,946	29,856
Depreciation		3,985	2,774
Amortization of Intangible Assets and Debt Issuance Costs		18,129	1,772
Capital Expenditures Net		5,541	2,256
Total assets		2,127,119	1,213,045
Corporate and Other
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		0	0
Income from operations	[1],[2],[5]	(32,212)	(24,661)
Depreciation	[5]	190	255
Amortization of Intangible Assets and Debt Issuance Costs	[4],[5]	1,805	1,476
Capital Expenditures Net	[5]	305	346
Total assets	[5]	$ 95,423	$ 160,768
[1]	Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2]	Restructuring expenses are allocated in operating income by segment.
[3]	Gain on sale of plants are included in Commercial Foodservice.
[4]	Includes amortization of deferred financing costs and Convertible Notes issuance costs
[5]	Includes corporate and other general company assets and operations.

Long-Lived Assets by Major Geog

Long-Lived Assets by Major Geographic Region (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Apr. 03, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 578,747	$ 539,865
United States and Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	401,182	332,387
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	19,626	18,747
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	147,005	182,577
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	10,934	6,155
Total International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 177,565	$ 209,785

Employee Retirement Plans Addit

Employee Retirement Plans Additional Information (Details) - Non-US Plans - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0	$ 194
Interest cost	6,705	4,290
Expected return on assets	(19,956)	(19,531)
Amortization of net loss (gain)	965	3,152
Amortization of prior service cost (credit)	696	716
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ (11,590)	$ (11,179)

Share Repurchases (Details)

Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Nov. 07, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Shares	862,912
Treasury Stock Acquired, Average Cost Per Share	$ 179.89
Treasury Stock, Value, Acquired, Cost Method	$ 170,013	$ 1,762
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	472,423
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Value, Acquired, Cost Method	$ 14,800	$ 1,800
Treasury Stock, Shares, Acquired	84,086	10,473
2017 Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased			2,500,000
Stock Repurchased During Period, Value	$ 155,200
Share Repurchase Program, Number of Shares Repurchased	2,027,577

Uncategorized Items - midd-2022

Label	Element	Value
Accounting Standards Update 2020-06 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	$ (74,375,000)
Accounting Standards Update 2020-06 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0
Accounting Standards Update 2020-06 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Treasury Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0
Accounting Standards Update 2020-06 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5,055,000
Accounting Standards Update 2020-06 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Additional Paid-in Capital [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	(79,430,000)
Accounting Standards Update 2020-06 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | AOCI Attributable to Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	$ 0