0000769520-19-000012 | 10-Q | XBRL Viewer

Net interest expense and deferred financing amortization, net

^[1],[2]

139,607

111,310

240,668

198,302

21,968

10,404

42,488

19,227

Net Periodic Benefit Cost, Other Components

(7,297)

(9,116)

(15,058)

(18,821)

Other (income) expense, net

(520)

(542)

(1,933)

631

Earnings before income taxes

125,456

110,564

215,171

197,265

Provision for income taxes

33,246

26,576

53,948

47,857

Earnings Per Share, Basic

$ 92,210

$ 83,988

$ 161,223

$ 149,408

Net earnings per share:

$ 1.66

$ 1.51

$ 2.90

$ 2.69

Earnings Per Share, Diluted

$ 1.66

$ 1.51

$ 2.90

$ 2.69

Weighted average number of shares

Basic (in shares)

55,660,000

55,576,000

55,630,000

55,575,000

Dilutive common stock equivalents (in shares)

^[3]

Diluted (in shares)

55,660,000

55,576,000

55,630,000

55,575,000

Comprehensive income

$ 70,895

$ 58,824

$ 135,961

$ 143,727

[1]	Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2]	Restructuring expenses are allocated in operating income by segment. See note 17 for further details.
[3]	¹There were no anti-dilutive equity awards excluded from common stock equivalents for any period presented.

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)

Accumulated Defined Benefit Plans Adjustment

Interest Rate Swap

Retained Earnings

Interest Rate Swap

Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent

Balance, Beginning at Dec. 30, 2017

$ 1,361,148

$ 145

$ 374,922

$ (445,118)

$ 1,697,618

$ (266,419)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Cumulative Effect on Retained Earnings, Net of Tax | Accounting Standards Update 2018-02

149,408

^[1]

(1,132)

1,132

Cumulative Effect on Retained Earnings, Net of Tax | Accounting Standards Update 2014-09

^[2]

(4,405)

Change in unrecognized pension benefit costs, net of tax

(20,161)

6,499

Change in unrecognized pension benefit costs, net of tax | Accounting Standards Update 2018-02

5,367

7,981

Balance, Ending at Jun. 30, 2018

1,818

1,501,156

145

376,740

(445,118)

1,841,489

(272,100)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive income (loss), adopt of new accounting pronouncement | Accounting Standards Update 2018-02

^[3]

1,132

$ (487)

$ 1,619

Balance, Beginning at Mar. 31, 2018

1,440,659

145

375,067

(445,118)

1,757,501

(246,936)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

83,988

Change in unrecognized pension benefit costs, net of tax

(41,963)

13,754

3,045

Balance, Ending at Jun. 30, 2018

1,673

1,501,156

145

376,740

(445,118)

1,841,489

(272,100)

Balance, Beginning at Dec. 29, 2018

1,665,203

145

377,419

(445,118)

2,009,233

(276,476)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Cumulative Effect on Retained Earnings, Net of Tax | Accounting Standards Update 2018-02

161,223

(1,100)

Cumulative Effect on Retained Earnings, Net of Tax | Accounting Standards Update 2017-12

^[4]

(11)

Change in unrecognized pension benefit costs, net of tax

(1,762)

(9)

Unrealized gain on interest rate swaps, net of tax | Accounting Standards Update 2017-12

(23,491)

(23,502)

Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs

1,334

1,850

Purchase of treasury stock

(6,086)

Balance, Ending at Jun. 29, 2019

1,798,251

145

380,603

(451,204)

2,170,445

(301,738)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive income (loss), adopt of new accounting pronouncement

$ (500)

Other comprehensive income (loss), adopt of new accounting pronouncement | Accounting Standards Update 2018-02

$ 1,600

Balance, Beginning at Mar. 30, 2019

1,726,059

145

378,488

(450,386)

2,078,235

(280,423)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

92,210

Change in unrecognized pension benefit costs, net of tax

(12,445)

5,254

(14,124)

Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs

265

1,850

Purchase of treasury stock

(818)

Balance, Ending at Jun. 29, 2019

$ 1,798,251

$ 145

$ 380,603

$ (451,204)

$ 2,170,445

$ (301,738)

[1]	(1) As of December 31, 2017, the company adopted ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The adoption of this guidance resulted in the reclassification of $1.1 million, including $1.6 million related to interest rate swap and $(0.5) million related to pensions, of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings.
[2]	(2) As of December 31, 2017, the company adopted ASU No. 2014-09, Revenue from Contracts with Customers (ASC 606) using the modified retrospective method to contracts that were not completed as of December 30, 2017. The adoption of this guidance resulted in the recognition of $4.4 million as an adjustment to the opening balance of retained earnings.
[3]	As of December 31, 2017, the company adopted ASU 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". This guidance allowed for the reclassification of $1.1 million of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings.
[4]	(1) As of December 30, 2018, the company adopted ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" using the modified retrospective method. The adoption of this guidance resulted in the recognition of less than $0.1 million as an adjustment to the opening balance of retained earnings.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 29, 2019

Jun. 30, 2018

Jun. 29, 2019

Jun. 30, 2018

Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax

$ 1,081

$ 2,867

$ (71)

$ 1,110

Unrealized (loss) gain on interest rate swap, tax

$ (4,846)

$ 1,045

(8,023)

2,741

Accounting Standards Update 2018-02

Accounting Standards Update 2018-02 | Retained Earnings

^[1]

Accounting Standards Update 2014-09

$ 1,100

1,132

^[1]

Accounting Standards Update 2014-09 | Retained Earnings

^[2]

4,405

Summary of Significant Accounting Policies

^[2]

$ 4,405

[1]

(1) As of December 31, 2017, the company adopted ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The adoption of this guidance resulted in the reclassification of $1.1 million, including $1.6 million related to interest rate swap and $(0.5) million related to pensions, of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings.

[2]

(2) As of December 31, 2017, the company adopted ASU No. 2014-09, Revenue from Contracts with Customers (ASC 606) using the modified retrospective method to contracts that were not completed as of December 30, 2017. The adoption of this guidance resulted in the recognition of $4.4 million as an adjustment to the opening balance of retained earnings.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Cash flows from operating activities--
Net earnings	$ 161,223	$ 149,408
Adjustments to reconcile net earnings to net cash provided by operating activities--
Depreciation and amortization expense	50,135	38,622
Operating Lease Right of Use Asset Amortization	11,131	0
Non-cash share-based compensation	1,334	1,818
Deferred income taxes	10,057	5,573
Changes in assets and liabilities, net of acquisitions
Accounts receivable, net	934	(28,233)
Inventories, net	(65,154)	392
Prepaid expenses and other assets	(7,135)	(3,829)
Accounts payable	(4,561)	13,618
Accrued expenses and other liabilities	(56,374)	(30,734)
Net cash provided by operating activities	101,590	146,635
Cash flows from investing activities--
Additions to property and equipment	(21,630)	(24,208)
Purchase of tradename	0	(5,399)
Acquisitions, net of cash acquired	(167,089)	(1,144,541)
Net cash (used in) investing activities	(188,719)	(1,174,148)
Cash flows from financing activities--
Proceeds under Credit Facility	313,107	1,466,974
Repayments under Credit Facility	209,484	431,081
Net repayments under international credit facilities	254	(3,008)
Net repayments under other debt arrangement	(175)	(3)
Payments of deferred purchase price	(446)	0
Repurchase of treasury stock	(6,086)	0
Net cash (used in) provided by financing activities	97,170	1,032,882
Effect of exchange rates on cash and cash equivalents	(55)	(2,739)
Changes in cash and cash equivalents--
Net (decrease) increase in cash and cash equivalents	9,986	2,630
Cash and cash equivalents at beginning of year	71,701	89,654
Cash and cash equivalents at end of quarter	$ 81,687	$ 92,284

Summary of Significant Accounting Policies

6 Months Ended

Jun. 29, 2019

Accounting Policies [Abstract]


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 2018 Form 10-K. The company’s interim results are not necessarily indicative of future full year results for the fiscal year 2019.

In the opinion of management, the financial statements contain all adjustments, which are normal and recurring in nature, necessary to present fairly the financial position of the company as of June 29, 2019 and December 29, 2018, the results of operations for the three and six months ended June 29, 2019 and June 30, 2018, cash flows for the six months ended June 29, 2019 and June 30, 2018 and statement of stockholders' equity for the three and six months ended June 29, 2019 and June 30, 2018.

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 $0.3 million and $1.7 million for the three months period ended June 29, 2019 and June 30, 2018, respectively. Non-cash share-based compensation expense was $1.3 million and $1.8 million for the six months period ended June 29, 2019 and June 30, 2018, respectively.


C)	Income Taxes

A tax provision of $53.9 million, at an effective rate of 25.1%, was recorded during the six months period ended June 29, 2019, as compared to a $47.9 million tax provision at a 24.3% in the prior year period. In comparison to the prior year the effective rate increased primarily due to a tax benefit recorded in 2018 for enacted tax rate changes. The effective rates in 2019 and 2018 are higher than the federal tax rate of 21% primarily due to state taxes and foreign tax rate differentials.


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 on our own assumptions.

The company’s financial liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands):



	Fair Value Level 1		Fair Value Level 2		Fair Value Level 3		Total
As of June 29, 2019
Financial Assets:
Interest rate swaps	$	—	$	3,238	$	—	$	3,238

Financial Liabilities:
Interest rate swaps	$	—	$	25,402	$	—	$	25,402
Contingent consideration	$	—	$	—	$	8,536	$	8,536

As of December 29, 2018
Financial Assets:
Interest rate swaps	$	—	$	13,487	$	—	$	13,487

Financial Liabilities:
Interest rate swaps	$	—	$	4,125	$	—	$	4,125
Contingent consideration	$	—	$	—	$	3,566	$	3,566

The contingent consideration as of June 29, 2019 relates to the earnout provision recorded in conjunction with the acquisitions of Josper S.A. ("Josper") and Ss Brewtech. The contingent consideration as of December 29, 2018 relates to the earnout provision recorded in conjunction with the acquisition of Josper.

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 $42.0 million and $17.4 million for the six months ended June 29, 2019 and June 30, 2018, respectively. Cash payments totaling $41.3 million and $53.3 million were made for income taxes for the six months ended June 29, 2019 and June 30, 2018, respectively.

Acquisitions and Purchase Accounting

6 Months Ended

Jun. 29, 2019

Business Combinations [Abstract]

Business Combination Disclosure

Acquisitions and Purchase Accounting

The company operates in a highly fragmented industry and has completed numerous acquisitions over the past several years as a component of its growth strategy. The company has acquired industry leading brands and technologies to position itself as a leader in the commercial foodservice equipment, food processing equipment and residential kitchen equipment industries.

The company has accounted for all business combinations using the acquisition method to record a new cost basis for the assets acquired and liabilities assumed. For the company's acquisitions, goodwill is calculated as the difference between the acquisition fair value of the consideration transferred and the fair value of the net assets acquired, and represents future economic benefits, including synergies, and assembled workforce, that are expected to be achieved as a result of the acquisition. The results of operations are reflected in the consolidated financial statements of the company from the dates of acquisition.

The following represents the company's more significant acquisitions in 2019 and 2018. The company also made smaller acquisitions not listed below which are individually and collectively immaterial.

Hinds-Bock

On February 16, 2018, the company completed its acquisition of all of the capital stock of Hinds-Bock Corporation ("Hinds-Bock"), a leading manufacturer of solutions for filling and depositing bakery and food product located in Bothell, Washington, for a purchase price of $25.4 million, net of cash acquired. During the third quarter of 2018, the company finalized the working capital provision provided by the purchase agreement resulting in a refund from the seller of $0.4 million.

The final allocation of consideration paid for the Hinds-Bock acquisition is summarized as follows (in thousands):



	(as initially reported) February 16, 2018			Measurement Period Adjustments			(as adjusted) February 16, 2018
Cash	$	5		$	—		$	5
Current assets	5,301			(3		)	5,298
Property, plant and equipment	3,557			—			3,557
Goodwill	12,686			(1,166		)	11,520
Other intangibles	8,081			1,119			9,200
Long term deferred tax asset	—			115			115
Current liabilities	(3,800		)	(465		)	(4,265		)

Net assets acquired and liabilities assumed	$	25,830		$	(400	)	$	25,430

The goodwill and $4.9 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350 "Intangibles - Goodwill and Other". Other intangibles also include $3.7 million allocated to customer relationships and $0.6 million allocated to backlog, which are being amortized over periods of 6 years and 3 months, respectively. Goodwill and other intangibles of Hinds-Bock are allocated to the Food Processing Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes.

Ve.Ma.C

On April 3, 2018, the company completed its acquisition of all of the capital stock of Ve.Ma.C S.r.l. ("Ve.Ma.C"), a leading designer and manufacturer of handling, automation and robotics solutions for protein food processing lines located in Castelnuovo Rangone, Italy, for a purchase price of approximately $10.5 million, net of cash acquired. During the third quarter of 2018, the company finalized the working capital provision provided by the purchase agreement, resulting in no additional payment by either party.

The final allocation of consideration paid for the Ve.Ma.C acquisition is summarized as follows (in thousands):



	(as initially reported) April 3, 2018			Measurement Period Adjustments			(as adjusted) April 3, 2018
Cash	$	1,833		$	—		$	1,833
Current assets	10,722			—			10,722
Property, plant and equipment	389			—			389
Goodwill	7,278			(2,506		)	4,772
Other intangibles	2,584			3,776			6,360
Other assets	12			—			12
Current portion of long-term debt	(1,901		)	—			(1,901		)
Current liabilities	(8,076		)	(216		)	(8,292		)
Long term deferred tax liability	(340		)	(1,054		)	(1,394		)
Other non-current liabilities	(212		)	—			(212		)

Net assets acquired and liabilities assumed	$	12,289		$	—		$	12,289

The long term deferred tax liability amounted to $1.4 million. The net liability is comprised of $1.8 million of deferred tax liability related to the difference between the book and tax basis of identifiable intangible assets and $0.4 million of deferred tax asset related to the difference between the book and tax basis on identifiable tangible asset and liability accounts.

The goodwill and $2.1 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also include $2.6 million allocated to customer relationships and $1.6 million allocated to backlog, which are being amortized over periods of 6 years and up to 1 year, respectively. Goodwill and other intangibles of Ve.Ma.C are allocated to the Food Processing Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes.

Firex

On April 27, 2018, the company completed its acquisition of all of the capital stock of Firex S.r.l. ("Firex"), a leading manufacturer of steam cooking equipment for the commercial foodservice industry located in Sedico, Italy, for a purchase price of approximately $53.7 million, net of cash acquired. During the third quarter of 2018, the company finalized the working capital provision provided for by the purchase agreement resulting in a refund from the seller of $0.3 million.

The final allocation of consideration paid for the Firex acquisition is summarized as follows (in thousands):



	(as initially reported) April 27, 2018			Measurement Period Adjustments			(as adjusted) April 27, 2018
Cash	$	10,652		$	(37	)	$	10,615
Current assets	7,656			39			7,695
Property, plant and equipment	2,447			—			2,447
Goodwill	36,706			(1,424		)	35,282
Other intangibles	19,806			2,294			22,100
Current portion of long-term debt	(1,210		)	—			(1,210		)
Current liabilities	(4,099		)	(471		)	(4,570		)
Long term deferred tax liability	(4,995		)	(652		)	(5,647		)
Long-term debt	(1,069		)	—			(1,069		)
Other non-current liabilities	(1,318		)	—			(1,318		)

Net assets acquired and liabilities assumed	$	64,576		$	(251	)	$	64,325

The long term deferred tax liability amounted to $5.6 million. The net liability is comprised of $6.1 million of deferred tax liability related to the difference between the book and tax basis of identifiable intangible assets and $0.5 million of deferred tax asset related to the difference between the book and tax basis on identifiable tangible asset and liability accounts.

The goodwill and $10.2 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also include $11.3 million allocated to customer relationships and $0.6 million allocated to backlog, which are being amortized over periods of 7 years and 3 months, respectively. Goodwill and other intangibles of Firex are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes.

Josper

On May 10, 2018, the company completed its acquisition of all of the issued share capital of Josper S.A. ("Josper"), a leading manufacturer of charcoal grill and oven cooking equipment for commercial foodservice and residential applications located in Pineda de Mar, Spain, for a purchase price of approximately $39.3 million, net of cash acquired. During the fourth quarter of 2018, the company finalized the working capital provision provided for by the purchase agreement resulting in a refund from the seller of $0.2 million.

The final allocation of consideration paid for the Josper acquisition is summarized as follows (in thousands):



	(as initially reported) May 10, 2018			Measurement Period Adjustments			(as adjusted) May 10, 2018
Cash	$	3,308		$	—		$	3,308
Current assets	6,579			13			6,592
Property, plant and equipment	4,739			—			4,739
Goodwill	27,140			(3,345		)	23,795
Other intangibles	13,136			4,754			17,890
Other assets	2			—			2
Current portion of long-term debt	(217		)	—			(217		)
Current liabilities	(5,146		)	(89		)	(5,235		)
Long-term debt	(1,608		)	—			(1,608		)
Long term deferred tax liability	(2,934		)	(1,579		)	(4,513		)
Other non-current liabilities	(2,169		)	—			(2,169		)

Consideration paid at closing	$	42,830		$	(246	)	$	42,584

Contingent consideration	3,454			—			3,454

Net assets acquired and liabilities assumed	$	46,284		$	(246	)	$	46,038

The long term deferred tax liability amounted to $4.5 million. The net liability is comprised of $4.4 million of deferred tax liability related to the difference between the book and tax basis of identifiable intangible assets and $0.1 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 $9.5 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also include $8.3 million allocated to customer relationships and $0.1 million allocated to backlog, which are being amortized over periods of 7 years and 3 months, respectively. Goodwill and other intangibles of Josper are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes.

The Josper purchase agreement includes an earnout provision providing for a contingent payment due to the sellers to the extent certain financial targets are exceeded. This earnout is payable in 2019, 2020 and 2021, if Josper exceeds certain earnings targets for the twelve months ended December 31, 2018, December 31, 2019 and December 31, 2020, respectively. The contractual obligation associated with this contingent earnout provision recognized on the acquisition date is $3.5 million.

Taylor

On June 22, 2018, the company completed its acquisition of all of the capital stock of the Taylor Company ("Taylor"), a world leader in beverage solutions, soft serve and ice cream dispensing equipment, frozen drink machines, and automated double-sided grills, located in Rockton, Illinois, for a purchase price of approximately $1.0 billion. During the fourth quarter of 2018, the company finalized the working capital provision provided for by the purchase agreement resulting in a refund from the seller of $11.5 million.

The final allocation of consideration paid for the Taylor acquisition is summarized as follows (in thousands):



	(as initially reported) June 22, 2018			Measurement Period Adjustments			(as adjusted) June 22, 2018
Cash	$	2,551		$	64		$	2,615
Current assets	71,162			(2,011		)	69,151
Property, plant and equipment	21,187			(556		)	20,631
Goodwill	491,339			(120,497		)	370,842
Other intangibles	484,210			119,550			603,760
Other assets	—			361			361
Long-term deferred tax asset	—			227			227
Current liabilities	(48,417		)	(4,099		)	(52,516		)
Other non-current liabilities	(8,161		)	(648		)	(8,809		)

Net assets acquired and liabilities assumed	$	1,013,871		$	(7,609	)	$	1,006,262

The goodwill and $304.7 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also include $290.9 million allocated to customer relationships, $1.7 million of existing developed oven technology, $4.4 million of equipment backlog, and $2.1 million of deferred service backlog, which are being amortized over periods up to 15 years, 5 years, 3 months, and 3 years, respectively. Goodwill and other intangibles of Taylor are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. A significant portion of the assets are expected to be deductible for tax purposes.

M-TEK

On October 1, 2018, the company completed its acquisition of all of the capital stock of the M-TEK Corporation ("M-TEK"), a leading manufacturer of Modified Atmospheric Packaging (MAP) systems located in Elgin, Illinois, for a purchase price of approximately $20.0 million. During the first quarter of 2019, the company finalized the working capital provision provided by the purchase agreement resulting in no adjustment to the purchase price.

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):



	(as initially reported) October 1, 2018			Preliminary Measurement Period Adjustments			(as adjusted) October 1, 2018
Current assets	$	2,745		$	—		$	2,745
Property, plant and equipment	2,497			—			2,497
Goodwill	11,610			(1,000		)	10,610
Other intangibles	3,294			1,000			4,294
Current liabilities	(144		)	—			(144		)

Net assets acquired and liabilities assumed	$	20,002		$	—		$	20,002

The goodwill and $1.0 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also include $2.7 million allocated to customer relationships, $0.3 million allocated to developed technology, and $0.3 million allocated to backlog, which are being amortized over periods of 5 years, 5 years and 3 months, respectively. Goodwill and other intangibles of M-TEK are allocated to the Food Processing Equipment Group for segment reporting purposes. These assets 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. Thus, the provisional measurements of fair value set forth above are subject to change. The company expects to complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date.

Crown

On December 3, 2018, the company completed its acquisition of all of the capital stock of the Crown Food Service Equipment, Ltd. ("Crown"), a leading design and manufacturer of steam cooking equipment for the commercial foodservice industry located in Toronto, Canada, for a purchase price of approximately $41.8 million, net of cash acquired. During the second quarter of 2019, the company finalized the working capital provision provided for by the purchase agreement resulting in a refund from the seller of $0.2 million.



	(as initially reported) December 3, 2018			Preliminary Measurement Period Adjustments			(as adjusted) December 3, 2018
Cash	$	495		$	—		$	495
Current assets	5,045			—			5,045
Property, plant and equipment	8,710			3,658			12,368
Goodwill	31,226			(4,805		)	26,421
Other intangibles	—			2,958			2,958
Current liabilities	(2,340		)	(281		)	(2,621		)
Long-term deferred tax liability	(668		)	(1,753		)	(2,421		)

Net assets acquired and liabilities assumed	$	42,468		$	(223	)	$	42,245

The long term deferred tax liability amounted to $2.4 million. The net deferred tax liability is comprised of $0.8 million of deferred tax liability related to the difference between the book and tax basis of identifiable intangible assets and $1.6 million of deferred tax liability related to the difference between the book and tax basis on identifiable tangible asset and liability accounts.

The goodwill and $3.0 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Goodwill and other intangibles of Crown are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. This asset is not expected to be deductible for tax purposes.

EVO

On December 31, 2018, the company completed its acquisition of all of the capital stock of EVO America, Inc. ("EVO"), a leading design and manufacturer of ventless cooking equipment for the commercial foodservice industry, located near Portland, Oregon, for a purchase price of approximately $12.3 million, net of cash acquired. During the second quarter of 2019, the company finalized the working capital provision provided for by the purchase agreement resulting in a refund from the seller of $0.1 million.



	(as initially reported) December 31, 2018			Preliminary Measurement Period Adjustments			(as adjusted) December 31, 2018
Cash	$	162		$	—		$	162
Current assets	1,490			—			1,490
Goodwill	6,896			(53		)	6,843
Other intangibles	5,081			—			5,081
Current liabilities	(518		)	—			(518		)
Long-term deferred tax liability	(540		)	—			(540		)
Other non-current liabilities	(12		)	—			(12		)

Net assets acquired and liabilities assumed	$	12,559		$	(53	)	$	12,506

The long term deferred tax liability amounted to $0.5 million. The net deferred tax liability is comprised of $0.6 million of deferred tax liability related to the difference between the book and tax basis on identifiable intangible asset and liability accounts and $0.1 million of deferred tax asset related to the difference between the book and tax basis on identifiable tangible asset and liability accounts.

The goodwill and $3.0 million of other intangibles associated with the trade name is subject to the non-amortization provisions of ASC 350. Other intangibles also include $1.9 million allocated to customer relationships and $0.2 million allocated to developed technology, which are being amortized over periods of 10 years and 7 years, respectively. Goodwill and other intangibles of EVO are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes.

Cooking Solutions Group

On April 1, 2019, the company completed its acquisition of all of the capital stock of Cooking Solutions Group, Inc. ("Cooking Solutions Group") from Standex International Corporation, which consists of the brands APW Wyott, Bakers Pride, BKI and Ultrafryer with locations in Texas, South Carolina and Mexico for a purchase price of approximately $106.1 million. The purchase price is subject to adjustment based upon a working capital provision provided by the purchase agreement. The company expects to finalize this in the third quarter of 2019.



	(as initially reported) April 1, 2019
Cash	$	843
Current assets	33,666
Property, plant and equipment	15,959
Goodwill	31,207
Other intangibles	53,450
Current liabilities	(15,130		)
Long-term deferred tax liability	(13,082		)

Net assets acquired and liabilities assumed	$	106,913

The long term deferred tax liability amounted to $13.1 million. The net deferred tax liability is comprised of $13.2 million of deferred tax liability related to the difference between the book and tax basis on identifiable intangible asset and liability accounts and $0.1 million of deferred tax asset related to the difference between the book and tax basis on identifiable tangible assets and liability accounts.

The goodwill and $27.1 million of other intangibles associated with the trade name is subject to the non-amortization provisions of ASC 350. Other intangibles also include $24.6 million allocated to customer relationships, $1.5 million allocated to developed technology and $0.3 million allocated to backlog, which are being amortized over periods of 7 years, 5 years and 3 months, respectively. Goodwill and other intangibles of Cooking Solutions Group are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes.

Powerhouse

On April 1, 2019, the company completed the acquisition of all of the capital stock of Powerhouse Dynamics, Inc. ("Powerhouse"), a leader in cloud-based IoT solutions for the foodservice industry located near Boston, Massachusetts, for a purchase price of approximately $11.0 million, net of cash acquired. The purchase price is subject to adjustment based upon a working capital provision provided by the purchase agreement. The company expects to finalize this in the third quarter of 2019.



	(as initially reported) April 1, 2019
Cash	$	24
Current assets	1,351
Property, plant and equipment	14
Goodwill	5,789
Other intangibles	5,060
Long-term deferred tax asset	1,673
Current liabilities	(2,624		)
Other non-current liabilities	(271		)

Net assets acquired and liabilities assumed	$	11,016

The long term deferred tax asset amounted to $1.7 million and is comprised of tax loss carryforwards.

The goodwill is subject to the non-amortization provisions of ASC 350. Other intangibles also include $2.2 million allocated to customer relationships and $2.8 million allocated to developed technology, which are being amortized over periods of 6 years, respectively. Goodwill and other intangibles of Powerhouse are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes.

Ss Brewtech

On June 15, 2019, the company completed the acquisition of substantially all of the assets of Ss Brewtech, a market leader in professional craft brewing and beverage equipment based in Santa Ana, California, for a purchase price of approximately $36.8 million, net of cash acquired. The purchase price is subject to adjustment based upon a working capital provision provided by the purchase agreement. The company expects to finalize this in the fourth quarter of 2019.



	(as initially reported) June 15, 2019
Cash	$	468
Current assets	3,936
Property, plant and equipment	30
Goodwill	26,528
Other intangibles	15,318
Long-term deferred tax asset	155
Current liabilities	(3,393		)
Other non-current liabilities	(5,768		)

Consideration paid at closing	$	37,274

Deferred payments	2,404
Contingent consideration	4,258

Net assets acquired and liabilities assumed	$	43,936

The goodwill and $9.2 million of other intangibles associated with the trade name is subject to the non-amortization provisions of ASC 350. Other intangibles also include $5.6 million allocated to customer relationships and $0.5 million allocated to developed technology, which are being amortized over periods of 7 years and 6 years, respectively. Goodwill and other intangibles of Brewtech are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes.

The Brewtech purchase agreement includes deferred payments and an earnout provision providing for a contingent payment due to the sellers to the extent certain financial targets are exceeded. The deferred payments are payable in 2020, 2021 and 2022. The contractual obligation associated with the deferred payments on the acquisition date is $2.4 million. The earnout is payable in 2023, if Brewtech exceeds certain sales and earnings targets for the cumulative twelve months ended December 31, 2020, December 31, 2021 and December 31, 2022, respectively. The contractual obligation associated with this contingent earnout provision recognized on the acquisition date is $4.3 million.

Pro Forma Financial Information

In accordance with ASC 805 “Business Combinations”, the following unaudited pro forma results of operations for the six months ended June 29, 2019 and June 30, 2018, assumes the 2018 acquisitions of Hinds-Bock, Ve.Ma.C, Josper, Firex, Taylor, M-TEK and Crown and the 2019 acquisitions of EVO, Cooking Solutions Group, Powerhouse and Ss Brewtech were completed on December 31, 2017 (first day of fiscal year 2018). The following pro forma results include adjustments to reflect additional interest expense to fund the acquisitions, amortization of intangibles associated with the acquisitions, and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data):



	Six Months Ended
	June 29, 2019		June 30, 2018
Net sales	$	1,480,397	$	1,494,792
Net earnings	160,996		127,715

Net earnings per share:
Basic	$	2.89	$	2.30
Diluted	2.89		2.30

The historical consolidated financial information of the Company and the acquisitions have been adjusted in the pro forma information to give effect to pro forma events that are (1) directly attributable to the transactions, (2) factually supportable and (3) expected to have a continuing impact on the combined results. Pro forma data may not be indicative of the results that would have been obtained had these acquisitions occurred at the beginning of the periods presented, nor is it intended to be a projection of future results. Additionally, the pro forma financial information does not reflect the costs which the company has incurred or may incur to integrate the acquired businesses.

Litigation Matters	6 Months Ended
Litigation Matters	Jun. 29, 2019
Notes To Financial Statements [Abstract]
Litigation Matters	Litigation Matters From time to time, the company is subject to proceedings, lawsuits and other claims related to products, suppliers, employees, customers and competitors. The company maintains insurance to partially cover product liability, workers compensation, property and casualty, and general liability matters. The company is required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of accrual required, if any, for these contingencies is made after assessment of each matter and the related insurance coverage. The required accrual may change in the future due to new developments or changes in approach such as a change in settlement strategy in dealing with these matters. The company does not believe that any pending litigation will have a material effect on its financial condition, results of operations or cash flows.

Recently Issued Accounting Standards	6 Months Ended
Recently Issued Accounting Standards	Jun. 29, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards Accounting Pronouncements - Recently Adopted In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The amendments under this pronouncement change the way all leases with a duration of one year or more are treated. Under this guidance, lessees will be required to capitalize virtually all leases on the balance sheet as a right-of-use asset and an associated financing lease liability or operating lease liability. The company adopted this guidance on December 30, 2018 using the modified retrospective method. The company has elected the package of practical expedients to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs. The adoption of this guidance increased total assets and liabilities due to the recognition of right-of-use assets and lease liabilities amounting to approximately $85.0 million. For additional information related to the impact of adopting this guidance, see Note 14 of the Condensed Consolidated Financial Statements. In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities". The amendments in ASU-12 provide new guidance about income statement classification and eliminates the requirement to separately measure and report hedge ineffectiveness. The entire change in fair value for qualifying hedge instruments included in the effectiveness is recorded in other comprehensive income (OCI) and amounts deferred in OCI are reclassified to earnings in the same income statement line item in which the earnings effect of the hedged item is reported. The adoption of this guidance on December 30, 2018 did not have a material impact on the company's Condensed Consolidated Financial Statements. For additional information related to the impact of adopting this guidance, see Note 13 of the Condensed Consolidated Financial Statements. In June 2018, the FASB issued ASU 2018-07, "Improvements to Nonemployee Share-Based Payment Accounting". The amendments in ASU-08 simplify several aspects of the accounting for nonemployee share-based payment transactions resulting from expanding the scope of Topic 718, Compensation—Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. The adoption of this guidance on December 30, 2018 did not have an impact on the company's Condensed Consolidated Financial Statements. In August of 2018, the SEC published Final Rule Release No. 33-10532, "Disclosure Update and Simplification." This guidance streamlines disclosure requirements by removing certain redundant topics and is effective for quarterly and annual reports submitted after November 5, 2018. The adoption of this guidance on December 30, 2018 resulted in the presentation and expansion of the company's Condensed Consolidated Statements of Changes in Stockholders' Equity to display quarter-to-quarter details. Accounting Pronouncements - To be adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” and has since modified the standard with several ASUs (collectively, the “new credit loss standard”). The new credit loss standard requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount. The ASU is effective for annual reporting periods, and interim reporting periods, beginning after December 15, 2019. The company is in the process of assessing the impact on its receivables portfolio, control environment and impact the adoption of this ASU will have on the company's Condensed Consolidated Financial Statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment". The amendments in ASU-04 simplify the subsequent measurement of goodwill, by removing the second step of the goodwill impairment test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value. The new guidance does not amend the optional qualitative assessment of goodwill impairment. This ASU is effective for annual reporting periods, and interim reporting periods, beginning after December 15, 2019. Early adoption is permitted for testing dates after January 1, 2017. The company is evaluating the application of this ASU on the company's annual impairment test. The company does not expect the adoption of this ASU to have a material impact on its Condensed Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement". The amendments in ASU-13 remove, modify and add various disclosure requirements around the topic in order to clarify and improve the cost-benefit nature of disclosures. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2019 with early adoption permitted. The company does not expect the adoption of this ASU to have a material impact on its Condensed Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-14, "Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20)". The amendments in ASU-14 remove, modify and add various disclosure requirements around the topic in order to clarify and improve the cost-benefit nature of disclosures. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2020 with early adoption permitted. The amendments must be applied on a retrospective basis for all periods presented. The company is currently evaluating the impacts the adoption of this ASU will have on its Condensed Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-15, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40)". The amendments in ASU-15 align the requirements for capitalizing implementation costs in a service contract hosting arrangement with those of developing or obtaining internal-use software. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2019 with early adoption permitted. The company does not expect the adoption of this ASU to have a material impact on its Condensed Consolidated Financial Statements. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments, which clarifies that receivables arising from operating leases are not within the scope of the credit losses standard, but rather, should be accounted for in accordance with the lease standard. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2019 with early adoption permitted for those that have adopted ASU No. 2016-13. The company does not expect this ASU to have a material impact on its Condensed Consolidated Financial Statements.

Revenue Recognition (Notes)

6 Months Ended

Jun. 29, 2019

Revenue Recognition [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue Recognition

Disaggregation of Revenue

We disaggregate our net sales by reportable operating segment and geographical location as we believe it best depicts how the nature, timing and uncertainty of our net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under our long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes our net sales by reportable operating segment and geographical location (in thousands):



	Commercial Foodservice		Food Processing		Residential Kitchen		Total
Three Months Ended June 29, 2019
United States and Canada	$	357,718	$	58,100	$	100,472	$	516,290
Asia	52,031		8,054		1,467		61,552
Europe and Middle East	85,962		25,881		47,006		158,849
Latin America	17,568		5,818		927		24,313
Total	$	513,279	$	97,853	$	149,872	$	761,004

Six Months Ended June 29, 2019
United States and Canada	$	657,993	$	115,689	$	183,830	$	957,512
Asia	100,324		16,736		2,865		119,925
Europe and Middle East	175,858		46,499		97,621		319,978
Latin America	36,635		11,403		2,353		50,391
Total	$	970,810	$	190,327	$	286,669	$	1,447,806

Three Months Ended June 30, 2018
United States and Canada	$	289,523	$	59,306	$	103,420	$	452,249
Asia	37,959		11,723		2,060		51,742
Europe and Middle East	75,352		16,803		53,819		145,974
Latin America	11,283		5,817		1,063		18,163
Total	$	414,117	$	93,649	$	160,362	$	668,128

Six Months Ended June 30, 2018
United States and Canada	$	544,636	$	126,241	$	181,980	$	852,857
Asia	66,991		17,435		3,579		88,005
Europe and Middle East	141,963		25,535		108,874		276,372
Latin America	20,431		13,010		2,253		35,694
Total	$	774,021	$	182,221	$	296,686	$	1,252,928

Contract Balances

Contract assets primarily relate to the company's right to consideration for work completed but not billed at the reporting date and are recorded in prepaid expenses and other in the Condensed Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Accounts receivable are not considered contract assets under the revenue standard as contract assets are conditioned upon the company's future satisfaction of a performance obligation. Accounts receivable, in contracts, are unconditional rights to consideration.

Contract liabilities relate to advance consideration received from customers for which revenue has not been recognized. Current contract liabilities are recorded in accrued expenses in the Condensed Consolidated Balance Sheet. Non-current contract liabilities are recorded in other non-current liabilities in the Condensed Consolidated Balance Sheet. Contract liabilities are reduced when the associated revenue from the contract is recognized.

The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands):



	Jun 29, 2019		Dec 29, 2018
Contract assets	$	20,430	$	14,048
Contract liabilities	$	56,099	$	57,913
Non-current contract liabilities	$	13,065	$	12,170

During the six months period ended June 29, 2019, the company reclassified $7.1 million to receivables, which was included in the contract asset balance at the beginning of the period. During the six months period ended June 29, 2019, the company recognized revenue of $50.4 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 $52.9 million during the six months period ended June 29, 2019. Substantially, all of the company's outstanding performance obligations will be satisfied within 12 to 36 months. There were no contract asset impairments during the six months period ended June 29, 2019.

Other Comprehensive Income

6 Months Ended

Jun. 29, 2019

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Other Comprehensive Income

The company reports changes in equity during a period, except those resulting from investments by owners and distributions to owners, in accordance with ASC 220, "Comprehensive Income".

Changes in accumulated other comprehensive income⁽¹⁾ were as follows (in thousands):



	Currency Translation Adjustment			Pension Benefit Costs			Unrealized Gain/(Loss) Interest Rate Swap			Total
Balance as of December 29, 2018	$	(112,771	)	$	(170,938	)	$	7,233		$	(276,476	)
Other comprehensive income before reclassification	(1,762		)	(9		)	(25,041		)	(26,812		)
Amounts reclassified from accumulated other comprehensive income	—			—			1,550			1,550
Net current-period other comprehensive income	$	(1,762	)	$	(9	)	$	(23,491	)	$	(25,262	)
Balance as of June 29, 2019	$	(114,533	)	$	(170,947	)	$	(16,258	)	$	(301,738	)

Balance as of December 30, 2017	$	(69,721	)	$	(203,063	)	$	6,365		$	(266,419	)
Adoption of ASU 2018-02 ⁽²⁾	—			487			(1,619		)	(1,132		)
Other comprehensive income before reclassification	(20,161		)	6,012			9,364			(4,785		)
Amounts reclassified from accumulated other comprehensive income	—			—			236			236
Net current-period other comprehensive income	$	(20,161	)	$	6,499		$	7,981		$	(5,681	)
Balance as of June 30, 2018	$	(89,882	)	$	(196,564	)	$	14,346		$	(272,100	)

(1) As of June 29, 2019 pension and interest rate swap amounts are net of tax of $(36.8) million and $(5.5) million, respectively. During the six months ended June 29, 2019, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(0.1) million and $(8.0) million, respectively. As of June 30, 2018 pension and interest rate swap amounts are net of tax of $(42.0) million and $5.4 million, respectively. During the six months ended June 30, 2018, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $1.6 million and $1.1 million, respectively.

(2) As of December 31, 2017, the company adopted ASU 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". This guidance allowed for the reclassification of $1.1 million of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings.

Components of other comprehensive income were as follows (in thousands):



	Three Months Ended						Six Months Ended
	Jun 29, 2019			Jun 30, 2018			Jun 29, 2019			Jun 30, 2018
Net earnings	$	92,210		$	83,988		$	161,223		$	149,408
Currency translation adjustment	(12,445		)	(41,963		)	(1,762		)	(20,161		)
Pension liability adjustment, net of tax	5,254			13,754			(9		)	6,499
Unrealized gain on interest rate swaps, net of tax	(14,124		)	3,045			(23,491		)	7,981
Comprehensive income	$	70,895		$	58,824		$	135,961		$	143,727

Inventories

6 Months Ended

Jun. 29, 2019

Inventories

Inventories are composed of material, labor and overhead and are stated at the lower of cost or market. Costs for inventory have been determined using the first-in, first-out ("FIFO") method. The company estimates reserves for inventory obsolescence and shrinkage based on its judgment of future realization. Inventories at June 29, 2019 and December 29, 2018 are as follows (in thousands):



	Jun 29, 2019		Dec 29, 2018
Raw materials and parts	$	280,183	$	245,976
Work-in-process	61,538		51,164
Finished goods	270,138		224,670
	$	611,859	$	521,810

Goodwill

6 Months Ended

Jun. 29, 2019

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Goodwill

Changes in the carrying amount of goodwill for the six months ended June 29, 2019 are as follows (in thousands):



	Commercial Foodservice			Food Processing			Residential Kitchen			Total
Balance as of December 29, 2018	$	1,102,067		$	219,054		$	422,054		$	1,743,175
Goodwill acquired during the year	71,547			—			—			71,547
Measurement period adjustments to goodwill acquired in prior year	(27,863		)	(3,722		)	—			(31,585		)
Exchange effect	(484		)	(265		)	(616		)	(1,365		)
Balance as of June 29, 2019	$	1,145,267		$	215,067		$	421,438		$	1,781,772

Intangibles (Notes)

6 Months Ended

Jun. 29, 2019

Intangible Assets Disclosure [Text Block]

Intangibles

Intangible assets consist of the following (in thousands):



	June 29, 2019						December 29, 2018
	Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization			Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Customer lists	9.5	$	705,379	$	(252,831	)	9.5	$	644,145	$	(222,661	)
Backlog	2.0	27,797		(26,447		)	2.8	27,065		(24,755		)
Developed technology	4.8	28,879		(20,579		)	5.9	39,624		(20,998		)
		$	762,055	$	(299,857	)		$	710,834	$	(268,414	)
Indefinite-lived assets:
Trademarks and tradenames		$	980,557					$	918,604

The aggregate intangible amortization expense was $14.7 million and $9.8 million for the second quarter periods ended June 29, 2019 and June 30, 2018, respectively. The aggregate intangible amortization expense was $30.8 million and $21.3 million for the six months period ended June 29, 2019 and June 30, 2018, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands):



Twelve Month Period coinciding with the end of our Fiscal Second Quarter	Amortization Expense

2020	$	64,293
2021	61,657
2022	58,333
2023	52,828
2024	45,602
Thereafter	179,485
	$	462,198

Accrued Expenses

6 Months Ended

Jun. 29, 2019

Disclosure Accrued Expenses [Abstract]

Accrued Expenses

Accrued expenses consist of the following (in thousands):



	Jun 29, 2019		Dec 29, 2018
Accrued payroll and related expenses	$	69,470	$	74,952
Accrued warranty	67,947		59,451
Contract liabilities	56,099		57,913
Accrued customer rebates	35,329		45,740
Accrued short-term leases	21,143		—
Accrued sales and other tax	16,351		19,452
Accrued professional fees	15,504		17,313
Accrued product liability and workers compensation	14,630		16,284
Accrued agent commission	13,589		11,969
Other accrued expenses	58,668		64,372

	$	368,730	$	367,446

Warranty Costs

6 Months Ended

Jun. 29, 2019

Warranty Costs

In the normal course of business, the company issues product warranties for specific product lines and provides for the estimated future warranty cost in the period in which the sale is recorded. The estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Because warranty estimates are forecasts that are based on the best available information, actual claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable.

A rollforward of the warranty reserve is as follows (in thousands):



	Six Months Ended
	Jun 29, 2019
Balance as of December 29, 2018	$	59,451
Warranty reserve related to acquisitions	6,847
Warranty expense	33,333
Warranty claims	(31,684		)
Balance as of June 29, 2019	$	67,947

Financing Arrangements

6 Months Ended

Jun. 29, 2019

Financing Arrangements



	Jun 29, 2019		Dec 29, 2018
	(in thousands)
Senior secured revolving credit line	$	1,990,968	$	1,887,764
Foreign loans	4,455		4,166
Other debt arrangement	—		175
Total debt	$	1,995,423	$	1,892,105
Less: Current maturities of long-term debt	3,443		3,207
Long-term debt	$	1,991,980	$	1,888,898

On July 28, 2016, the company entered into an amended and restated five-year $2.5 billion multi-currency senior secured revolving credit agreement (the "Credit Facility"). On December 18, 2018, the company entered into an amendment to the Credit Facility, increasing the revolving commitments under the Credit Facility by $500.0 million to a total of $3.0 billion. As of June 29, 2019, the company had $2.0 billion of borrowings outstanding under the Credit Facility, including $1.9 billion of borrowings in U.S. Dollars and $64.5 million of borrowings denominated in Euro. The company also had $11.0 million in outstanding letters of credit as of June 29, 2019, which reduces the borrowing availability under the Credit Facility. Remaining borrowing availability under this facility was $1.0 billion at June 29, 2019.

At June 29, 2019, borrowings under the Credit Facility accrued interest at a rate of 1.625% above LIBOR per annum or 0.625% above the highest of the prime rate, the federal funds rate plus 0.50% and one month LIBOR plus 1.00%. The average interest rate per annum on the debt under the Credit Facility was equal to 3.93% at the end of the period. The interest rates on borrowings under the Credit Facility may be adjusted quarterly based on the company’s Funded Debt less Unrestricted Cash to Pro Forma EBITDA (the “Leverage Ratio”) on a rolling four-quarter basis. Additionally, a commitment fee based upon the Leverage Ratio is charged on the unused portion of the commitments under the Credit Facility. This variable commitment fee was equal to 0.25% per annum as of June 29, 2019.

In addition, the company has other international credit facilities to fund working capital needs outside the United States and the United Kingdom. At June 29, 2019, these foreign credit facilities amounted to $4.5 million in U.S. Dollars with a weighted average per annum interest rate of approximately 6.45%.

The company’s debt is reflected on the balance sheet at cost. The company believes its interest rate margins on its existing debt are consistent with current market conditions and therefore the carrying value of debt reflects the fair value. The interest rate margin is based on the company's Leverage Ratio.

The company estimated the fair value of its loans by calculating the upfront cash payment a market participant would require to assume the company’s obligations. The upfront cash payment is the amount that a market participant would be able to lend to achieve sufficient cash inflows to cover the cash outflows under the company’s senior secured revolving credit facility assuming the facility was outstanding in its entirety until maturity. Since the company maintains its borrowings under a revolving credit facility and there is no predetermined borrowing or repayment schedule, for purposes of this calculation the company calculated the fair value of its obligations assuming the current amount of debt at the end of the period was outstanding until the maturity of the company’s Credit Facility in July 2021. Although borrowings could be materially greater or less than the current amount of borrowings outstanding at the end of the period, it is not practical to estimate the amounts that may be outstanding during future periods. The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt is as follows (in thousands):



	Jun 29, 2019				Dec 29, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt	$	1,995,423	$	1,955,423	$	1,892,105	$	1,892,105

The company uses floating-to-fixed interest rate swap agreements to hedge variable interest rate risk associated with the Credit Facility. At June 29, 2019, the company had outstanding floating-to-fixed interest rate swaps totaling $51.0 million notional amount carrying an average interest rate of 1.27% maturing in less than 12 months and $948.0 million notional amount carrying an average interest rate of 2.22% that mature in more than 12 months but less than 72 months.

The company believes that its current capital resources, including cash and cash equivalents, cash expected to be generated from operations, funds available from its current lenders and access to the credit and capital markets will be sufficient to finance its operations, debt service obligations, capital expenditures, product development and expenditures for the foreseeable future.

The terms of the Credit Facility limit the ability of the company and its subsidiaries to, with certain exceptions: incur indebtedness; grant liens; engage in certain mergers, consolidations, acquisitions and dispositions; make restricted payments; enter into certain transactions with affiliates; and requires, among other things, the company to satisfy certain financial covenants: (i) a minimum Interest Coverage Ratio (as defined in the Credit Facility) of 3.00 to 1.00 and (ii) a maximum Leverage Ratio of Funded Debt less Unrestricted Cash to Pro Forma EBIDTA (each as defined in the Credit Facility) of 3.50 to 1.00, which may be adjusted to 4.00 to 1.00 for a four consecutive fiscal quarter period in connection with certain qualified acquisitions, subject to the terms and conditions contained in the Credit Facility. The Credit Facility is secured by substantially all of the assets of Middleby Marshall, the company and the company's domestic subsidiaries and is unconditionally guaranteed by, subject to certain exceptions, the company and certain of the company's direct and indirect material foreign and domestic subsidiaries. The Credit Facility contains certain customary events of default, including, but not limited to, the failure to make required payments; bankruptcy and other insolvency events; the failure to perform certain covenants; the material breach of a representation or warranty; non-payment of certain other indebtedness; the entry of undischarged judgments against the company or any subsidiary for the payment of material uninsured amounts; the invalidity of the company guarantee or any subsidiary guaranty; and a change of control of the company. At June 29, 2019, the company was in compliance with all covenants pursuant to its borrowing agreements.

Financial Instruments

6 Months Ended

Jun. 29, 2019

Lessee, Operating Leases [Text Block]

Financial Instruments

ASC 815 “Derivatives and Hedging” requires an entity to recognize all derivatives as either assets or liabilities and measure those instruments at fair value. Derivatives that do not qualify as a hedge must be adjusted to fair value in earnings. If a derivative does qualify as a hedge under ASC 815, changes in the fair value will either be offset against the change in the fair value of the hedged assets, liabilities or firm commitments or recognized in other accumulated comprehensive income until the hedged item is recognized in earnings.

On December 30, 2018, the company adopted the new accounting standard ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" using the modified retrospective method. Prior to the adoption of ASU 2017-12, the ineffective portion of a hedge's change in fair value was recognized in earnings. Upon adoption of ASU 2017-12, the company no longer recognizes hedge ineffectiveness in our Condensed Consolidated Statements of Comprehensive Income, but instead recognizes the entire change in the fair value of the hedge contract in other accumulated comprehensive income.

Foreign Exchange: The company uses foreign currency forward, foreign exchange swaps and option purchase and sales contracts to hedge its exposure to changes in foreign currency exchange rates. The company’s primary hedging activities are to mitigate its exposure to changes in exchange rates on intercompany and third party trade receivables and payables. The company does not currently enter into derivative financial instruments for speculative purposes. In managing its foreign currency exposures, the company identifies and aggregates naturally occurring offsetting positions and then hedges residual balance sheet exposures. The fair value of the forward and option contracts was a loss of $0.6 million at the end of the second quarter of 2019.

Interest Rate: The company has entered into interest rate swaps to fix the interest rate applicable to certain of its variable-rate debt. The agreements swap one-month LIBOR for fixed rates. The company has designated these swaps as cash flow hedges and all changes in fair value of the swaps are recognized in accumulated other comprehensive income. As of June 29, 2019, the fair value of these instruments was a liability of $22.2 million. The change in fair value of these swap agreements in the first six months of 2019 was a loss of $23.3 million, net of taxes.

The following table summarizes the company’s fair value of interest rate swaps (in thousands):



	Condensed Consolidated Balance Sheet Presentation	Jun 29, 2019		Dec 29, 2018
Fair value	Other assets	$	3,238	$	13,487
Fair value	Other non-current liabilities	$	25,402	$	4,125

The impact on earnings from interest rate swaps was as follows (in thousands):



		Three Months Ended						Six Months Ended
	Presentation of Gain/(loss)	Jun 29, 2019			Jun 30, 2018			Jun 29, 2019			Jun 30, 2018
Gain/(loss) recognized in accumulated other comprehensive income	Other comprehensive income	$	(18,187	)	$	4,338		$	(29,976	)	$	10,958
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	Interest expense	$	784		$	248		$	1,550		$	236
Gain/(loss) recognized in income (ineffective portion)	Other expense	$	—		$	(161	)	$	—		$	(113	)

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.

Leases (Notes)

6 Months Ended

Jun. 29, 2019

Leases [Abstract]

14)

Leases

Accounting Policy

On December 30, 2018, the company adopted the new accounting standard ASU No. 2016-02, "Leases" (ASC 842) using the modified retrospective method and elected to use the effective date as the date of initial application on transition. The company has elected the package of practical expedients to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs.

The adoption of ASC 842 represents a change in accounting principle that changes the way all leases with a duration of one year or more are treated. Under this guidance, lessees are required to capitalize virtually all leases on the balance sheet as a right-of-use asset and an associated financing lease liability or operating lease liability. The company determines if an arrangement is a lease at inception of a contract. Additionally, the guidance requires additional disclosure to enable users of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases.

The most material impact of the new standard is the recognition of new right-of-use (ROU) assets and lease liabilities on the Condensed Consolidated Balance Sheet for operating leases. Operating lease ROU assets are included in other assets and operating lease liabilities are included accrued expenses and other non-current liabilities. The lease liabilities are measured based upon the present value of minimum future payments and the ROU assets to be recognized will be equal to lease liabilities, adjusted for prepaid and accrued rent balances.

Leases

The company leases warehouse space, office facilities and equipment under operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The company's lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for these leases is recognized on a straight-line basis over the term of the lease. The company has operating lease costs of $7.8 million and $15.3 million for the three and six months ended June 29, 2019, respectively, including short-term lease expense and variable lease costs, which were immaterial in the quarter.



Leases (in thousands)	June 29, 2019
Operating lease right-of-use assets	$	85,954

Operating Lease Liability:
Current	$	21,143
Non-Current	63,534
Total Liability	$	84,677



Total Lease Commitments (in thousands)
	Operating Leases
Remainder of 2019	$	11,958
2020	20,987
2021	17,306
2022	13,854
2023	9,444
2024 and thereafter	18,926
Total future lease commitments	92,475
Less imputed interest	7,798
Total	$	84,677



Other Lease Information (in thousands, except lease term and discount rate)	Three Months Ended June 29, 2019		Six Months Ended June 29, 2019
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,238	$	12,300

			June 29, 2019
Weighted-average remaining lease terms - operating leases			5.5 years

Weighted-average discount rate - operating leases			3.4		%

Segment Information

6 Months Ended

Jun. 29, 2019

Employee Retirement Plans [Abstract]

Segment Information

The company operates in three reportable operating segments defined by management reporting structure and operating activities.

The Commercial Foodservice Equipment Group manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. This business segment has manufacturing facilities in Arkansas, California, Illinois, Massachusetts, Michigan, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, Washington, Australia, China, Denmark, Estonia, Italy, Mexico, the Philippines, Poland, Sweden and the United Kingdom. Principal product lines of this group include conveyor ovens, combi-ovens, convection ovens, baking ovens, proofing ovens, deck ovens, speed cooking ovens, hydrovection ovens, ranges, fryers, rethermalizers, steam cooking equipment, food warming equipment, catering equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, coldrooms, ice machines, freezers, and soft serve ice cream, coffee, and beverage dispensing equipment. These products are sold and marketed under the brand names: Anets, APW Wyott, Bakers Pride, Bear Varimixer, Beech, BKI, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, CTX, Carter-Hoffmann, Celfrost, Concordia, CookTek, Crown, Desmon, Doyon, Eswood, EVO, Firex, Follett, Frifri, Giga, Globe, Goldstein, Holman, Houno, IMC, Induc, Jade, JoeTap, Josper, L2F, Lang, Lincat, MagiKitch’n, Market Forge, Marsal, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco, QualServ, SiteSage, Southbend, Star, Sveba Dahlen, Ss Brewtech, Taylor, Toastmaster, TurboChef, Ultrafryer, Wells and Wunder-Bar.

The Food Processing Equipment Group manufactures preparation, cooking, packaging food handling and food safety equipment for the food processing industry. This business segment has manufacturing operations in Georgia, Illinois, Iowa, North Carolina, Oklahoma, Texas, Virginia, Washington, Wisconsin, Denmark, France, Germany, India and the United Kingdom. Principal product lines of this group include batch ovens, baking ovens, proofing ovens, conveyor belt ovens, continuous processing ovens, frying systems and automated thermal processing systems, grinders, slicers, reduction and emulsion systems, mixers, blenders, battering equipment, breading equipment, seeding equipment, water cutting systems, food presses, food suspension equipment, filling and depositing solutions, forming equipment, automated loading and unloading systems, food safety, food handling, freezing, defrosting and packaging equipment. These products are sold and marketed under the brand names: Alkar, Armor Inox, Auto-Bake, Baker Thermal Solutions, Burford, Cozzini, CVP Systems, Danfotech, Drake, Emico, Glimek, Hinds-Bock, Maurer-Atmos, MP Equipment, M-TEK, RapidPak, Scanico, Spooner Vicars, Stewart Systems, Thurne and Ve.Ma.C.

The Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market. This business segment has manufacturing facilities in California, Michigan, Mississippi, Oregon, Wisconsin, France, Ireland, Romania and the United Kingdom. Principal product lines of this group are ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, ventilation equipment and outdoor equipment. These products are sold and marketed under the brand names: AGA, AGA Cookshop, Brigade, EVO, Fired Earth, Heartland, La Cornue, Leisure Sinks, Lynx, Marvel, Mercury, Rangemaster, Rayburn, Redfyre, Sedona, Stanley, TurboChef, U-Line and Viking.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The chief operating decision maker evaluates individual segment performance based on operating income.

Net Sales Summary

(dollars in thousands)



	Three Months Ended								Six Months Ended
	Jun 29, 2019				Jun 30, 2018				Jun 29, 2019				Jun 30, 2018
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	513,279	67.4	%	$	414,117	62.0	%	$	970,810	67.1	%	$	774,021	61.8	%
Food Processing	97,853		12.9		93,649		14.0		190,327		13.1		182,221		14.5
Residential Kitchen	149,872		19.7		160,362		24.0		286,669		19.8		296,686		23.7
Total	$	761,004	100.0	%	$	668,128	100.0	%	$	1,447,806	100.0	%	$	1,252,928	100.0	%

The following table summarizes the results of operations for the company's business segments (in thousands):



	Commercial Foodservice		Food Processing		Residential Kitchen		Corporate and Other ⁽¹⁾			Total
Three Months Ended June 29, 2019
Net sales	$	513,279	$	97,853	$	149,872	$	—		$	761,004
Income (loss) from operations ⁽²⁾⁽³⁾	111,572		18,542		20,599		(11,106		)	139,607
Depreciation and amortization expense	16,410		2,423		5,336		452			24,621
Net capital expenditures	7,240		1,376		2,515		2,404			13,535

Six Months Ended June 29, 2019
Net sales	$	970,810	$	190,327	$	286,669	$	—		$	1,447,806
Income (loss) from operations ⁽²⁾⁽³⁾	208,383		31,128		39,370		(38,213		)	240,668
Depreciation and amortization expense	32,590		5,947		10,695		903			50,135
Net capital expenditures	13,213		2,077		3,936		2,404			21,630

Total assets	$	3,190,584	$	528,008	$	1,136,859	$	31,218		$	4,886,669

Three Months Ended June 30, 2018
Net sales	$	414,117	$	93,649	$	160,362	$	—		$	668,128
Income (loss) from operations ⁽²⁾⁽³⁾	100,008		14,648		16,520		(19,866		)	111,310
Depreciation and amortization expense	7,349		3,129		7,652		468			18,598
Net capital expenditures	2,929		460		2,744		1,418			7,551

Six Months Ended June 30, 2018
Net sales	$	774,021	$	182,221	$	296,686	$	—		$	1,252,928
Income (loss) from operations ⁽²⁾⁽³⁾	182,554		25,326		23,109		(32,687		)	198,302
Depreciation and amortization expense	15,349		7,176		15,161		936			38,622
Net capital expenditures	8,706		6,956		7,642		904			24,208

Total assets	$	2,889,677	$	497,439	$	1,133,356	$	81,731		$	4,602,203

(1)Includes corporate and other general company assets and operations.

(2)Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.

(3)Restructuring expenses are allocated in operating income by segment. See note 17 for further details.

Geographic Information

Long-lived assets, not including goodwill and other intangibles (in thousands):



	Jun 29, 2019		Jun 30, 2018
United States and Canada	$	280,360	$	262,382
Asia	14,219		12,575
Europe and Middle East	175,745		128,584
Latin America	6,895		679
Total international	$	196,859	$	141,838
	$	477,219	$	404,220

Employee Retirement Plans

6 Months Ended

Jun. 29, 2019

Employee Retirement Plans

(a)Pension Plans

U.S. Plans:

The company maintains a non-contributory defined benefit plan for its union employees at the Elgin, Illinois facility. Benefits are determined based upon retirement age and years of service with the company. This defined benefit plan was frozen on April 30, 2002, and no further benefits accrue to the participants beyond this date. Plan participants will receive or continue to receive payments for benefits earned on or prior to April 30, 2002 upon reaching retirement age.

The company maintains a non-contributory defined benefit plan for its employees at the Smithville, Tennessee facility, which was acquired as part of the Star acquisition. Benefits are determined based upon retirement age and years of service with the company. This defined benefit plan was frozen on April 1, 2008, and no further benefits accrue to the participants beyond this date. Plan participants will receive or continue to receive payments for benefits earned on or prior to April 1, 2008 upon reaching retirement age.

The company also maintains a retirement benefit agreement with its former Chairman ("Chairman Plan"). The retirement benefits are based upon a percentage of the former Chairman’s final base salary.

Non-U.S. Plans:

The company maintains a defined benefit plan for its employees at the Wrexham, the United Kingdom facility, which was acquired as part of the Lincat acquisition. Benefits are determined based upon retirement age and years of service with the company. This defined benefit plan was frozen on April 30, 2010 prior to Middleby’s acquisition of the company. No further benefits accrue to the participants beyond this date. Plan participants will receive or continue to receive payments for benefits earned on or prior to April 30, 2010 upon reaching retirement age.

The company maintains several pension plans related to AGA and its subsidiaries (collectively, the "AGA Group"), the most significant being the Aga Rangemaster Group Pension Scheme in the United Kingdom. Membership in the plan on a defined benefit basis of pension provision was closed to new entrants in 2001. The plan became open to new entrants on a defined contribution basis of pension provision in 2002, but was generally closed to new entrants on this basis during 2014.

The other, much smaller, defined benefit pension plans operating within the AGA Group cover employees in France, Ireland and the United Kingdom. All pension plan assets are held in separate trust funds although the net defined benefit pension obligations are included in the company's consolidated balance sheet.

The following table summarizes the company's net periodic pension benefit related to the AGA Group pension plans (in thousands):



	Three Months Ended						Six Months Ended
	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Net Periodic Pension Benefit:
Service cost	$	620		$	957		$	1,246		$	1,934
Interest cost	8,349			8,113			16,781			16,391
Expected return on assets	(16,832		)	(18,895		)	(33,830		)	(38,173		)
Amortization of net (gain) loss	156			1,012			313			2,044
Amortization of prior service cost (credit)	642			—			1,290			—
Curtailment loss (gain)	388			677			388			964
Pension settlement gain	—			(23		)	—			(47		)
	$	(6,677	)	$	(8,159	)	$	(13,812	)	$	(16,887	)

The pension costs for all other plans of the company were not material during the period. The service cost component is recognized within Selling, general and administrative expenses and the non-operating components of pension benefit are included within Net periodic pension benefit (other than service cost) in the Condensed Consolidated Statements of Comprehensive Income.

(b)Defined Contribution Plans

The company maintains two separate defined contribution savings plans covering all employees in the United States. These two plans separately cover the union employees at the Elgin, Illinois facility and all other remaining union and non-union employees in the United States. The company also maintains defined contribution plans for its United Kingdom based employees.

Restructuring (Notes)	6 Months Ended
Restructuring (Notes)	Jun. 29, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring Residential Kitchen Equipment Group: Since the 2015 acquisition of the AGA Group, the company undertook various acquisition integration initiatives including organizational restructuring, headcount reductions and consolidation and disposition of certain facilities and business operations, including the impairment of equipment and facilities. Most recently during 2018, the company undertook additional restructuring efforts related to Grange, a non-core business within the AGA Group, and elected to cease its operations. This process was largely completed in the fourth quarter of 2018. Related to the AGA Group, the company recorded additional expense primarily related to headcount reductions of $1.6 million and $1.7 million in the three and six months ended June 29, 2019, respectively. These expenses are reflected in restructuring expenses in the Condensed Consolidated Statements of Comprehensive Income. The cumulative expenses incurred to date for these initiatives is approximately $57.4 million. The primary realization of the cost savings began in 2017 and 2018 related to compensation and facility costs of approximately $20.0 million annually. At June 29, 2019, the restructuring obligations accrued for these initiatives are immaterial and will be completed by the end of fiscal year 2019. The restructuring expenses for the other segments of the company were not material during the period.

Subsequent Event (Notes)	6 Months Ended
Subsequent Event (Notes)	Jun. 29, 2019
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent Event On July 15, 2019, the company completed its acquisition of Packaging Progressions, Inc. ("Pacproinc") for a purchase price of approximately $74.0 million. Pacproinc is a market leader in automated packaging technologies for customers in the protein and bakery segments based in Souderton, Pennsylvania.

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 29, 2019
Accounting Policies [Abstract]
Basis of Presentation	A) Basis of Presentation The condensed consolidated financial statements have been prepared by The Middleby Corporation (the "company" or “Middleby”), pursuant to the rules and regulations of the Securities and Exchange Commission ("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 2018 Form 10-K. The company’s interim results are not necessarily indicative of future full year results for the fiscal year 2019. In the opinion of management, the financial statements contain all adjustments, which are normal and recurring in nature, necessary to present fairly the financial position of the company as of June 29, 2019 and December 29, 2018, the results of operations for the three and six months ended June 29, 2019 and June 30, 2018, cash flows for the six months ended June 29, 2019 and June 30, 2018 and statement of stockholders' equity for the three and six months ended June 29, 2019 and June 30, 2018.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses. Significant estimates and assumptions are used for, but are not limited to, allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves, non-cash share-based compensation and post-retirement obligations. Actual results could differ from the company's estimates.
Non-Cash Share-Based Compensation	B) Non-Cash Share-Based Compensation The company estimates the fair value of market-based stock awards and stock options at the time of grant and recognizes compensation cost over the vesting period of the awards and options. Non-cash share-based compensation expense was $0.3 million and $1.7 million for the three months period ended June 29, 2019 and June 30, 2018, respectively.
Income Tax Contingencies	C) Income Taxes A tax provision of $53.9 million, at an effective rate of 25.1%, was recorded during the six months period ended June 29, 2019, as compared to a $47.9 million tax provision at a 24.3% in the prior year period.
Fair Value Measures	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 on our own assumptions.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

Leases (Policies)	6 Months Ended
Leases (Policies)	Jun. 29, 2019
Leases [Abstract]
Lessee, Leases [Policy Text Block]	On December 30, 2018, the company adopted the new accounting standard ASU No. 2016-02, "Leases" (ASC 842) using the modified retrospective method and elected to use the effective date as the date of initial application on transition. The company has elected the package of practical expedients to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs. The adoption of ASC 842 represents a change in accounting principle that changes the way all leases with a duration of one year or more are treated. Under this guidance, lessees are required to capitalize virtually all leases on the balance sheet as a right-of-use asset and an associated financing lease liability or operating lease liability. The company determines if an arrangement is a lease at inception of a contract. Additionally, the guidance requires additional disclosure to enable users of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. The most material impact of the new standard is the recognition of new right-of-use (ROU) assets and lease liabilities on the Condensed Consolidated Balance Sheet for operating leases. Operating lease ROU assets are included in other assets and operating lease liabilities are included accrued expenses and other non-current liabilities. The lease liabilities are measured based upon the present value of minimum future payments and the ROU assets to be recognized will be equal to lease liabilities, adjusted for prepaid and accrued rent balances.

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 29, 2019

Accounting Policies [Abstract]

The company’s financial liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands):



	Fair Value Level 1		Fair Value Level 2		Fair Value Level 3		Total
As of June 29, 2019
Financial Assets:
Interest rate swaps	$	—	$	3,238	$	—	$	3,238

Financial Liabilities:
Interest rate swaps	$	—	$	25,402	$	—	$	25,402
Contingent consideration	$	—	$	—	$	8,536	$	8,536

As of December 29, 2018
Financial Assets:
Interest rate swaps	$	—	$	13,487	$	—	$	13,487

Financial Liabilities:
Interest rate swaps	$	—	$	4,125	$	—	$	4,125
Contingent consideration	$	—	$	—	$	3,566	$	3,566

Acquisitions and Purchase Accounting (Tables)

6 Months Ended

Jun. 29, 2019

Business Acquisition, Pro Forma Information [Table Text Block]

The following pro forma results include adjustments to reflect additional interest expense to fund the acquisitions, amortization of intangibles associated with the acquisitions, and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data):



	Six Months Ended
	June 29, 2019		June 30, 2018
Net sales	$	1,480,397	$	1,494,792
Net earnings	160,996		127,715

Net earnings per share:
Basic	$	2.89	$	2.30
Diluted	2.89		2.30

Hinds-Bock

The final allocation of consideration paid for the Hinds-Bock acquisition is summarized as follows (in thousands):



	(as initially reported) February 16, 2018			Measurement Period Adjustments			(as adjusted) February 16, 2018
Cash	$	5		$	—		$	5
Current assets	5,301			(3		)	5,298
Property, plant and equipment	3,557			—			3,557
Goodwill	12,686			(1,166		)	11,520
Other intangibles	8,081			1,119			9,200
Long term deferred tax asset	—			115			115
Current liabilities	(3,800		)	(465		)	(4,265		)

Net assets acquired and liabilities assumed	$	25,830		$	(400	)	$	25,430

VeMaC

The final allocation of consideration paid for the Ve.Ma.C acquisition is summarized as follows (in thousands):



	(as initially reported) April 3, 2018			Measurement Period Adjustments			(as adjusted) April 3, 2018
Cash	$	1,833		$	—		$	1,833
Current assets	10,722			—			10,722
Property, plant and equipment	389			—			389
Goodwill	7,278			(2,506		)	4,772
Other intangibles	2,584			3,776			6,360
Other assets	12			—			12
Current portion of long-term debt	(1,901		)	—			(1,901		)
Current liabilities	(8,076		)	(216		)	(8,292		)
Long term deferred tax liability	(340		)	(1,054		)	(1,394		)
Other non-current liabilities	(212		)	—			(212		)

Net assets acquired and liabilities assumed	$	12,289		$	—		$	12,289

Firex

The final allocation of consideration paid for the Firex acquisition is summarized as follows (in thousands):



	(as initially reported) April 27, 2018			Measurement Period Adjustments			(as adjusted) April 27, 2018
Cash	$	10,652		$	(37	)	$	10,615
Current assets	7,656			39			7,695
Property, plant and equipment	2,447			—			2,447
Goodwill	36,706			(1,424		)	35,282
Other intangibles	19,806			2,294			22,100
Current portion of long-term debt	(1,210		)	—			(1,210		)
Current liabilities	(4,099		)	(471		)	(4,570		)
Long term deferred tax liability	(4,995		)	(652		)	(5,647		)
Long-term debt	(1,069		)	—			(1,069		)
Other non-current liabilities	(1,318		)	—			(1,318		)

Net assets acquired and liabilities assumed	$	64,576		$	(251	)	$	64,325

Josper

(in thousands):



	(as initially reported) May 10, 2018			Measurement Period Adjustments			(as adjusted) May 10, 2018
Cash	$	3,308		$	—		$	3,308
Current assets	6,579			13			6,592
Property, plant and equipment	4,739			—			4,739
Goodwill	27,140			(3,345		)	23,795
Other intangibles	13,136			4,754			17,890
Other assets	2			—			2
Current portion of long-term debt	(217		)	—			(217		)
Current liabilities	(5,146		)	(89		)	(5,235		)
Long-term debt	(1,608		)	—			(1,608		)
Long term deferred tax liability	(2,934		)	(1,579		)	(4,513		)
Other non-current liabilities	(2,169		)	—			(2,169		)

Consideration paid at closing	$	42,830		$	(246	)	$	42,584

Contingent consideration	3,454			—			3,454

Net assets acquired and liabilities assumed	$	46,284		$	(246	)	$	46,038

Taylor

The final allocation of consideration paid for the Taylor acquisition is summarized as follows (in thousands):



	(as initially reported) June 22, 2018			Measurement Period Adjustments			(as adjusted) June 22, 2018
Cash	$	2,551		$	64		$	2,615
Current assets	71,162			(2,011		)	69,151
Property, plant and equipment	21,187			(556		)	20,631
Goodwill	491,339			(120,497		)	370,842
Other intangibles	484,210			119,550			603,760
Other assets	—			361			361
Long-term deferred tax asset	—			227			227
Current liabilities	(48,417		)	(4,099		)	(52,516		)
Other non-current liabilities	(8,161		)	(648		)	(8,809		)

Net assets acquired and liabilities assumed	$	1,013,871		$	(7,609	)	$	1,006,262

M-TEK



	(as initially reported) October 1, 2018			Preliminary Measurement Period Adjustments			(as adjusted) October 1, 2018
Current assets	$	2,745		$	—		$	2,745
Property, plant and equipment	2,497			—			2,497
Goodwill	11,610			(1,000		)	10,610
Other intangibles	3,294			1,000			4,294
Current liabilities	(144		)	—			(144		)

Net assets acquired and liabilities assumed	$	20,002		$	—		$	20,002

Crown



	(as initially reported) December 3, 2018			Preliminary Measurement Period Adjustments			(as adjusted) December 3, 2018
Cash	$	495		$	—		$	495
Current assets	5,045			—			5,045
Property, plant and equipment	8,710			3,658			12,368
Goodwill	31,226			(4,805		)	26,421
Other intangibles	—			2,958			2,958
Current liabilities	(2,340		)	(281		)	(2,621		)
Long-term deferred tax liability	(668		)	(1,753		)	(2,421		)

Net assets acquired and liabilities assumed	$	42,468		$	(223	)	$	42,245

EVO



	(as initially reported) December 31, 2018			Preliminary Measurement Period Adjustments			(as adjusted) December 31, 2018
Cash	$	162		$	—		$	162
Current assets	1,490			—			1,490
Goodwill	6,896			(53		)	6,843
Other intangibles	5,081			—			5,081
Current liabilities	(518		)	—			(518		)
Long-term deferred tax liability	(540		)	—			(540		)
Other non-current liabilities	(12		)	—			(12		)

Net assets acquired and liabilities assumed	$	12,559		$	(53	)	$	12,506

Cooking Solutions Group



	(as initially reported) April 1, 2019
Cash	$	843
Current assets	33,666
Property, plant and equipment	15,959
Goodwill	31,207
Other intangibles	53,450
Current liabilities	(15,130		)
Long-term deferred tax liability	(13,082		)

Net assets acquired and liabilities assumed	$	106,913

Powerhouse



	(as initially reported) April 1, 2019
Cash	$	24
Current assets	1,351
Property, plant and equipment	14
Goodwill	5,789
Other intangibles	5,060
Long-term deferred tax asset	1,673
Current liabilities	(2,624		)
Other non-current liabilities	(271		)

Net assets acquired and liabilities assumed	$	11,016

Brewtech

Disaggregation of Revenue [Table Text Block]



	(as initially reported) June 15, 2019
Cash	$	468
Current assets	3,936
Property, plant and equipment	30
Goodwill	26,528
Other intangibles	15,318
Long-term deferred tax asset	155
Current liabilities	(3,393		)
Other non-current liabilities	(5,768		)

Consideration paid at closing	$	37,274

Deferred payments	2,404
Contingent consideration	4,258

Net assets acquired and liabilities assumed	$	43,936

Revenue Recognition (Tables)

6 Months Ended

Jun. 29, 2019

Revenue Recognition [Abstract]

Disaggregation of Revenue



	Commercial Foodservice		Food Processing		Residential Kitchen		Total
Three Months Ended June 29, 2019
United States and Canada	$	357,718	$	58,100	$	100,472	$	516,290
Asia	52,031		8,054		1,467		61,552
Europe and Middle East	85,962		25,881		47,006		158,849
Latin America	17,568		5,818		927		24,313
Total	$	513,279	$	97,853	$	149,872	$	761,004

Six Months Ended June 29, 2019
United States and Canada	$	657,993	$	115,689	$	183,830	$	957,512
Asia	100,324		16,736		2,865		119,925
Europe and Middle East	175,858		46,499		97,621		319,978
Latin America	36,635		11,403		2,353		50,391
Total	$	970,810	$	190,327	$	286,669	$	1,447,806

Three Months Ended June 30, 2018
United States and Canada	$	289,523	$	59,306	$	103,420	$	452,249
Asia	37,959		11,723		2,060		51,742
Europe and Middle East	75,352		16,803		53,819		145,974
Latin America	11,283		5,817		1,063		18,163
Total	$	414,117	$	93,649	$	160,362	$	668,128

Six Months Ended June 30, 2018
United States and Canada	$	544,636	$	126,241	$	181,980	$	852,857
Asia	66,991		17,435		3,579		88,005
Europe and Middle East	141,963		25,535		108,874		276,372
Latin America	20,431		13,010		2,253		35,694
Total	$	774,021	$	182,221	$	296,686	$	1,252,928

Contract with Customer, Asset and Liability [Table Text Block]

The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands):



	Jun 29, 2019		Dec 29, 2018
Contract assets	$	20,430	$	14,048
Contract liabilities	$	56,099	$	57,913
Non-current contract liabilities	$	13,065	$	12,170

Other Comprehensive Income (Tables)

6 Months Ended

Jun. 29, 2019

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

Changes in accumulated other comprehensive income⁽¹⁾ were as follows (in thousands):



	Currency Translation Adjustment			Pension Benefit Costs			Unrealized Gain/(Loss) Interest Rate Swap			Total
Balance as of December 29, 2018	$	(112,771	)	$	(170,938	)	$	7,233		$	(276,476	)
Other comprehensive income before reclassification	(1,762		)	(9		)	(25,041		)	(26,812		)
Amounts reclassified from accumulated other comprehensive income	—			—			1,550			1,550
Net current-period other comprehensive income	$	(1,762	)	$	(9	)	$	(23,491	)	$	(25,262	)
Balance as of June 29, 2019	$	(114,533	)	$	(170,947	)	$	(16,258	)	$	(301,738	)

Balance as of December 30, 2017	$	(69,721	)	$	(203,063	)	$	6,365		$	(266,419	)
Adoption of ASU 2018-02 ⁽²⁾	—			487			(1,619		)	(1,132		)
Other comprehensive income before reclassification	(20,161		)	6,012			9,364			(4,785		)
Amounts reclassified from accumulated other comprehensive income	—			—			236			236
Net current-period other comprehensive income	$	(20,161	)	$	6,499		$	7,981		$	(5,681	)
Balance as of June 30, 2018	$	(89,882	)	$	(196,564	)	$	14,346		$	(272,100	)

Schedule of Comprehensive Income (Loss)

Components of other comprehensive income were as follows (in thousands):



	Three Months Ended						Six Months Ended
	Jun 29, 2019			Jun 30, 2018			Jun 29, 2019			Jun 30, 2018
Net earnings	$	92,210		$	83,988		$	161,223		$	149,408
Currency translation adjustment	(12,445		)	(41,963		)	(1,762		)	(20,161		)
Pension liability adjustment, net of tax	5,254			13,754			(9		)	6,499
Unrealized gain on interest rate swaps, net of tax	(14,124		)	3,045			(23,491		)	7,981
Comprehensive income	$	70,895		$	58,824		$	135,961		$	143,727

Inventories (Tables)

6 Months Ended

Jun. 29, 2019

Schedule of Inventory, Current

Inventories at June 29, 2019 and December 29, 2018 are as follows (in thousands):



	Jun 29, 2019		Dec 29, 2018
Raw materials and parts	$	280,183	$	245,976
Work-in-process	61,538		51,164
Finished goods	270,138		224,670
	$	611,859	$	521,810

Goodwill (Tables)

6 Months Ended

Jun. 29, 2019

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill for the six months ended June 29, 2019 are as follows (in thousands):



	Commercial Foodservice			Food Processing			Residential Kitchen			Total
Balance as of December 29, 2018	$	1,102,067		$	219,054		$	422,054		$	1,743,175
Goodwill acquired during the year	71,547			—			—			71,547
Measurement period adjustments to goodwill acquired in prior year	(27,863		)	(3,722		)	—			(31,585		)
Exchange effect	(484		)	(265		)	(616		)	(1,365		)
Balance as of June 29, 2019	$	1,145,267		$	215,067		$	421,438		$	1,781,772

Intangibles (Tables)

6 Months Ended

Jun. 29, 2019

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 our Fiscal Second Quarter	Amortization Expense

2020	$	64,293
2021	61,657
2022	58,333
2023	52,828
2024	45,602
Thereafter	179,485
	$	462,198

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

Intangible assets consist of the following (in thousands):



	June 29, 2019						December 29, 2018
	Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization			Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Customer lists	9.5	$	705,379	$	(252,831	)	9.5	$	644,145	$	(222,661	)
Backlog	2.0	27,797		(26,447		)	2.8	27,065		(24,755		)
Developed technology	4.8	28,879		(20,579		)	5.9	39,624		(20,998		)
		$	762,055	$	(299,857	)		$	710,834	$	(268,414	)
Indefinite-lived assets:
Trademarks and tradenames		$	980,557					$	918,604

Accrued Expenses (Tables)

6 Months Ended

Jun. 29, 2019

Disclosure Accrued Expenses [Abstract]

Schedule of Accrued Liabilities

Accrued expenses consist of the following (in thousands):



	Jun 29, 2019		Dec 29, 2018
Accrued payroll and related expenses	$	69,470	$	74,952
Accrued warranty	67,947		59,451
Contract liabilities	56,099		57,913
Accrued customer rebates	35,329		45,740
Accrued short-term leases	21,143		—
Accrued sales and other tax	16,351		19,452
Accrued professional fees	15,504		17,313
Accrued product liability and workers compensation	14,630		16,284
Accrued agent commission	13,589		11,969
Other accrued expenses	58,668		64,372

	$	368,730	$	367,446

Warranty Costs (Tables)

6 Months Ended

Jun. 29, 2019

Product Warranty Table Disclosure

A rollforward of the warranty reserve is as follows (in thousands):



	Six Months Ended
	Jun 29, 2019
Balance as of December 29, 2018	$	59,451
Warranty reserve related to acquisitions	6,847
Warranty expense	33,333
Warranty claims	(31,684		)
Balance as of June 29, 2019	$	67,947

Financing Arrangements (Tables)

6 Months Ended

Jun. 29, 2019

Schedule of Long-term Debt Instruments



	Jun 29, 2019		Dec 29, 2018
	(in thousands)
Senior secured revolving credit line	$	1,990,968	$	1,887,764
Foreign loans	4,455		4,166
Other debt arrangement	—		175
Total debt	$	1,995,423	$	1,892,105
Less: Current maturities of long-term debt	3,443		3,207
Long-term debt	$	1,991,980	$	1,888,898

Carrying Value And Fair Value Of Long Term Debt, Disclosure

The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt is as follows (in thousands):



	Jun 29, 2019				Dec 29, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt	$	1,995,423	$	1,955,423	$	1,892,105	$	1,892,105

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Financial Instruments (Tables)

6 Months Ended

Jun. 29, 2019

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the company’s fair value of interest rate swaps (in thousands):



	Condensed Consolidated Balance Sheet Presentation	Jun 29, 2019		Dec 29, 2018
Fair value	Other assets	$	3,238	$	13,487
Fair value	Other non-current liabilities	$	25,402	$	4,125

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The impact on earnings from interest rate swaps was as follows (in thousands):



		Three Months Ended						Six Months Ended
	Presentation of Gain/(loss)	Jun 29, 2019			Jun 30, 2018			Jun 29, 2019			Jun 30, 2018
Gain/(loss) recognized in accumulated other comprehensive income	Other comprehensive income	$	(18,187	)	$	4,338		$	(29,976	)	$	10,958
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	Interest expense	$	784		$	248		$	1,550		$	236
Gain/(loss) recognized in income (ineffective portion)	Other expense	$	—		$	(161	)	$	—		$	(113	)

Leases (Tables)

6 Months Ended

Jun. 29, 2019

Leases [Abstract]

Operating Leases



Leases (in thousands)	June 29, 2019
Operating lease right-of-use assets	$	85,954

Operating Lease Liability:
Current	$	21,143
Non-Current	63,534
Total Liability	$	84,677

Total Lease Commitments



Total Lease Commitments (in thousands)
	Operating Leases
Remainder of 2019	$	11,958
2020	20,987
2021	17,306
2022	13,854
2023	9,444
2024 and thereafter	18,926
Total future lease commitments	92,475
Less imputed interest	7,798
Total	$	84,677

Other Lease Information



Other Lease Information (in thousands, except lease term and discount rate)	Three Months Ended June 29, 2019		Six Months Ended June 29, 2019
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,238	$	12,300

			June 29, 2019
Weighted-average remaining lease terms - operating leases			5.5 years

Weighted-average discount rate - operating leases			3.4		%

Segment Information (Tables)

6 Months Ended

Jun. 29, 2019

Net Sales Summary By Segment

Net Sales Summary

(dollars in thousands)



	Three Months Ended								Six Months Ended
	Jun 29, 2019				Jun 30, 2018				Jun 29, 2019				Jun 30, 2018
	Sales		Percent		Sales		Percent		Sales		Percent		Sales		Percent
Business Segments:
Commercial Foodservice	$	513,279	67.4	%	$	414,117	62.0	%	$	970,810	67.1	%	$	774,021	61.8	%
Food Processing	97,853		12.9		93,649		14.0		190,327		13.1		182,221		14.5
Residential Kitchen	149,872		19.7		160,362		24.0		286,669		19.8		296,686		23.7
Total	$	761,004	100.0	%	$	668,128	100.0	%	$	1,447,806	100.0	%	$	1,252,928	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 Foodservice		Food Processing		Residential Kitchen		Corporate and Other ⁽¹⁾			Total
Three Months Ended June 29, 2019
Net sales	$	513,279	$	97,853	$	149,872	$	—		$	761,004
Income (loss) from operations ⁽²⁾⁽³⁾	111,572		18,542		20,599		(11,106		)	139,607
Depreciation and amortization expense	16,410		2,423		5,336		452			24,621
Net capital expenditures	7,240		1,376		2,515		2,404			13,535

Six Months Ended June 29, 2019
Net sales	$	970,810	$	190,327	$	286,669	$	—		$	1,447,806
Income (loss) from operations ⁽²⁾⁽³⁾	208,383		31,128		39,370		(38,213		)	240,668
Depreciation and amortization expense	32,590		5,947		10,695		903			50,135
Net capital expenditures	13,213		2,077		3,936		2,404			21,630

Total assets	$	3,190,584	$	528,008	$	1,136,859	$	31,218		$	4,886,669

Three Months Ended June 30, 2018
Net sales	$	414,117	$	93,649	$	160,362	$	—		$	668,128
Income (loss) from operations ⁽²⁾⁽³⁾	100,008		14,648		16,520		(19,866		)	111,310
Depreciation and amortization expense	7,349		3,129		7,652		468			18,598
Net capital expenditures	2,929		460		2,744		1,418			7,551

Six Months Ended June 30, 2018
Net sales	$	774,021	$	182,221	$	296,686	$	—		$	1,252,928
Income (loss) from operations ⁽²⁾⁽³⁾	182,554		25,326		23,109		(32,687		)	198,302
Depreciation and amortization expense	15,349		7,176		15,161		936			38,622
Net capital expenditures	8,706		6,956		7,642		904			24,208

Total assets	$	2,889,677	$	497,439	$	1,133,356	$	81,731		$	4,602,203

(1)Includes corporate and other general company assets and operations.

Schedule of Entity-Wide Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country

Long-lived assets, not including goodwill and other intangibles (in thousands):



	Jun 29, 2019		Jun 30, 2018
United States and Canada	$	280,360	$	262,382
Asia	14,219		12,575
Europe and Middle East	175,745		128,584
Latin America	6,895		679
Total international	$	196,859	$	141,838
	$	477,219	$	404,220

Employee Retirement Plans (Tables)

6 Months Ended

Jun. 29, 2019

Employee Retirement Plans [Abstract]

Schedule of Costs of Retirement Plans [Table Text Block]

The following table summarizes the company's net periodic pension benefit related to the AGA Group pension plans (in thousands):



	Three Months Ended						Six Months Ended
	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Net Periodic Pension Benefit:
Service cost	$	620		$	957		$	1,246		$	1,934
Interest cost	8,349			8,113			16,781			16,391
Expected return on assets	(16,832		)	(18,895		)	(33,830		)	(38,173		)
Amortization of net (gain) loss	156			1,012			313			2,044
Amortization of prior service cost (credit)	642			—			1,290			—
Curtailment loss (gain)	388			677			388			964
Pension settlement gain	—			(23		)	—			(47		)
	$	(6,677	)	$	(8,159	)	$	(13,812	)	$	(16,887	)

Summary of Significant Accounting Policies Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Significant Accounting Policies [Line Items]
Non-cash share-based compensation expense	$ 300	$ 1,700	$ 1,334	$ 1,818
Provision for income taxes	$ 33,246	$ 26,576	$ 53,948	$ 47,857
Effective Income Tax Rate Reconciliation, Percent			25.10%	24.30%
Interest paid			$ 42,000	$ 17,400
Income tax payments			$ 41,300	$ 53,300

Financial Assets and Liabilities that are Measured At Fair Value and are Categorized Using Fair Value Hierarchy (Detail) - Fair Value, Measurements, Recurring - USD ($)	Jun. 29, 2019	Dec. 29, 2018
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets	$ 3,238,000	$ 13,487,000
Financial Liabilities	25,402,000	4,125,000
Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Liabilities	8,536,000	3,566,000
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 2 [Member] \| Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets	3,238,000	13,487,000
Financial Liabilities	25,402,000	4,125,000
Fair Value, Inputs, Level 2 [Member] \| Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial Assets		0
Financial Liabilities	0
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	$ 8,536,000	$ 3,566,000

Acquisitions and Purchase Accounting Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 167,089	$ 1,144,541

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - Hinds Bock (Details) - USD ($) $ in Thousands		6 Months Ended
	Feb. 16, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018	Apr. 03, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		1,781,772		$ 1,743,175
Hinds-Bock
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 25,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	5,298
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	3,557
Goodwill	11,520
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	9,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent	115
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,265)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	25,430
Business Combination, Provisional Information Adjustment, Working Capital	400
Customer Relationships \| Hinds-Bock
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	3,700
Backlog \| Hinds-Bock
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 600
Food Processing Group
Business Acquisition [Line Items]
Goodwill		$ 215,067		$ 219,054
Food Processing Group \| Customer Relationships \| Hinds-Bock
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years
Food Processing Group \| Backlog \| Hinds-Bock
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Trade Names \| Food Processing Group \| Hinds-Bock
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 4,900
Previously Reported \| Hinds-Bock
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	5,301
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	3,557
Goodwill	12,686
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	8,081
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(3,800)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	25,830
Scenario, Adjustment \| Hinds-Bock
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	(3)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	0
Goodwill	(1,166)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1,119
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent	115
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	$ (465)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net					$ (400)

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - Ve.Ma.C (Details) - USD ($) $ in Thousands		6 Months Ended
	Apr. 03, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		1,781,772		$ 1,743,175
VeMaC
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 1,833
Payments to Acquire Businesses, Net of Cash Acquired	10,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	10,722
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	389
Goodwill	4,772
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	6,360
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	12
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	(1,901)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(8,292)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(1,394)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(212)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	12,289
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	(1,800)
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	400
Food Processing Group
Business Acquisition [Line Items]
Goodwill		$ 215,067		$ 219,054
Food Processing Group \| Trade Names \| VeMaC
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,100
Customer Relationships \| Food Processing Group \| VeMaC
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 2,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years
Backlog \| Food Processing Group \| VeMaC
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	1 year
Previously Reported \| VeMaC
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 1,833
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	10,722
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	389
Goodwill	7,278
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,584
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	12
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	(1,901)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(8,076)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(340)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(212)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	12,289
Scenario, Adjustment \| VeMaC
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	0
Goodwill	(2,506)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	3,776
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(216)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(1,054)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 0

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed (Firex) (Details) - USD ($) $ in Thousands		6 Months Ended
	Apr. 27, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		1,781,772		$ 1,743,175
Firex
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 10,615
Payments to Acquire Businesses, Net of Cash Acquired	53,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	7,695
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	2,447
Goodwill	35,282
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	22,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	(1,210)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,570)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(5,647)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	(1,069)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(1,318)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	64,325
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	6,100
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	500
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill		$ 1,145,267		$ 1,102,067
Trade Names \| Commercial Foodservice Equipment Group \| Firex
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	10,200
Customer Relationships \| Commercial Foodservice Equipment Group \| Firex
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 11,300
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Backlog \| Commercial Foodservice Equipment Group \| Firex
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Scenario, Adjustment \| Firex
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ (37)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	39
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	0
Goodwill	(1,424)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,294
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(471)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(652)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	(251)
Previously Reported \| Firex
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	10,652
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	7,656
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	2,447
Goodwill	36,706
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	19,806
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	(1,210)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,099)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(4,995)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	(1,069)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(1,318)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	64,576
Business Combination, Provisional Information Adjustment, Working Capital	$ 300

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed - Josper (Details) - USD ($) $ in Thousands		6 Months Ended
	May 10, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		1,781,772		$ 1,743,175
Josper
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 3,308
Payments to Acquire Businesses, Net of Cash Acquired	39,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	6,592
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	4,739
Goodwill	23,795
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(17,890)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	(217)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(5,235)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	(1,608)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	4,513
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(2,169)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	42,584
Business Combination, Contingent Consideration, Liability	3,454
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	46,038
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	(4,400)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(100)
Business Combination, Provisional Information Adjustment, Working Capital	200
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill		$ 1,145,267		$ 1,102,067
Commercial Foodservice Equipment Group \| Trade Names \| Josper
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(9,500)
Backlog \| Commercial Foodservice Equipment Group \| Josper
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ (100)
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Customer Relationships \| Commercial Foodservice Equipment Group \| Josper
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ (8,300)
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Previously Reported \| Josper
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 3,308
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	6,579
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	4,739
Goodwill	27,140
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(13,136)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	(217)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(5,146)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	(1,608)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	2,934
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(2,169)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	42,830
Business Combination, Contingent Consideration, Liability	3,454
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	46,284
Scenario, Adjustment \| Josper
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	13
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	0
Goodwill	(3,345)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(4,754)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(89)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	1,579
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	(246)
Business Combination, Contingent Consideration, Liability	0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ (246)

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed - Taylor (Details) - USD ($) $ in Thousands		6 Months Ended
	Jun. 22, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		$ 1,781,772		$ 1,743,175
Current Fiscal Year End Date		--12-28
Taylor
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 1,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	2,615
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	69,151
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	20,631
Goodwill	370,842
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	603,760
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	361
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(52,516)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	227
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(8,809)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	(1,006,262)
Business Combination, Provisional Information Adjustment, Working Capital	11,500
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill		$ 1,145,267		$ 1,102,067
Commercial Foodservice Equipment Group \| Customer Relationships \| Taylor
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 290,900
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Commercial Foodservice Equipment Group \| Oven developed technology \| Taylor
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,700
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Commercial Foodservice Equipment Group \| Backlog \| Taylor
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 4,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years
Commercial Foodservice Equipment Group \| Order or Production Backlog \| Taylor
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 2,100
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Commercial Foodservice Equipment Group \| Trade Names \| Taylor
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 304,700
Previously Reported \| Taylor
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	2,551
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	71,162
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	21,187
Goodwill	491,339
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	484,210
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(48,417)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(8,161)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	1,013,871
Scenario, Adjustment \| Taylor
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	64
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	(2,011)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(556)
Goodwill	(120,497)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	119,550
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	361
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,099)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	227
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(648)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ (7,609)

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed - MTek (Details) - USD ($) $ in Thousands		6 Months Ended
	Oct. 01, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Current Fiscal Year End Date		--12-28
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		1,781,772		$ 1,743,175
M-TEK
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 20,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	4,294
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	2,745
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	2,497
Goodwill	10,610
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(144)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	20,002
Food Processing Group
Business Acquisition [Line Items]
Goodwill		$ 215,067		$ 219,054
Customer Relationships \| Food Processing Group \| M-TEK
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 2,700
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Developed Technology Rights \| Food Processing Group \| M-TEK
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 300
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Backlog \| Food Processing Group \| M-TEK
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 300
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
Previously Reported \| M-TEK
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 3,294
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	2,745
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	2,497
Goodwill	11,610
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(144)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	20,002
Scenario, Adjustment \| M-TEK
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	0
Goodwill	(1,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	0
Trade Names \| Food Processing Group \| M-TEK
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,000

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed - Crown (Details) - USD ($) $ in Thousands		6 Months Ended
	Dec. 03, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		1,781,772		$ 1,743,175
Crown
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 495
Payments to Acquire Businesses, Net of Cash Acquired	41,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	5,045
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	12,368
Goodwill	26,421
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(2,621)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(2,421)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	42,245
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	(800)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(1,600)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,958
Business Combination, Provisional Information Adjustment, Working Capital	200
Previously Reported \| Crown
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	495
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	5,045
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	8,710
Goodwill	31,226
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(2,340)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(668)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	42,468
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	0
Scenario, Adjustment \| Crown
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	3,658
Goodwill	(4,805)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(281)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(1,753)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	(223)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,958
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill		$ 1,145,267		$ 1,102,067
Trade Names \| Commercial Foodservice Equipment Group \| Crown
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 3,000

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed - EVO (Details) - USD ($) $ in Thousands		6 Months Ended
	Dec. 31, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		1,781,772		$ 1,743,175
EVO
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 12,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	162
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	1,490
Goodwill	6,843
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	5,081
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(518)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(540)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(12)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	12,506
Business Combination, Provisional Information Adjustment, Working Capital	100
Previously Reported \| EVO
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	162
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	1,490
Goodwill	6,896
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	5,081
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(518)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(540)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(12)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	12,559
Scenario, Adjustment \| EVO
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	0
Goodwill	(53)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	(53)
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill		$ 1,145,267		$ 1,102,067
Commercial Foodservice Equipment Group \| Trade Names \| EVO
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	3,000
Customer Relationships \| Commercial Foodservice Equipment Group \| EVO
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,900
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Developed Technology Rights \| Commercial Foodservice Equipment Group \| EVO
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 200
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years

Acquisitions and Purchase Accounting Estimated Fair Values of Assets Acquired and Liabilities Assumed - Cooking Solutions Group (Details) - USD ($) $ in Thousands		6 Months Ended
	Apr. 01, 2019	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		1,781,772		$ 1,743,175
Cooking Solutions Group
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 106,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(13,100)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	13,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	100
Previously Reported \| Cooking Solutions Group
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	843
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	33,666
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	15,959
Goodwill	31,207
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	53,450
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	15,130
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	13,082
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	106,913
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill		$ 1,145,267		$ 1,102,067
Trade Names \| Commercial Foodservice Equipment Group \| Cooking Solutions Group
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	27,100
Customer Relationships \| Commercial Foodservice Equipment Group \| Cooking Solutions Group
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 24,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Developed Technology Rights \| Commercial Foodservice Equipment Group \| Cooking Solutions Group
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,500
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Order or Production Backlog \| Commercial Foodservice Equipment Group \| Cooking Solutions Group
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 300
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed - Powerhouse (Details) - USD ($) $ in Thousands			6 Months Ended
	Apr. 01, 2019	Dec. 31, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ 167,089	$ 1,144,541
Goodwill			1,781,772		$ 1,743,175
Powerhouse
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 11,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent	1,700
Powerhouse \| Previously Reported
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	24
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	1,351
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	14
Goodwill	5,789
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	5,060
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	2,624
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent	1,673
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	271
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	11,016
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill			$ 1,145,267		$ 1,102,067
Customer Relationships \| Commercial Foodservice Equipment Group \| Powerhouse
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,200
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		6 years
Developed Technology Rights \| Commercial Foodservice Equipment Group \| Powerhouse
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 2,800

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed - Brewtech (Details) - USD ($) $ in Thousands		6 Months Ended
	Jun. 15, 2019	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 167,089	$ 1,144,541
Goodwill		$ 1,781,772		$ 1,743,175
Document Period End Date		Jun. 29, 2019
Brewtech
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 36,800
Business Combination, Deferred Payments, Liability	2,400
Business Combination, Contingent Consideration, Liability	4,300
Previously Reported \| Brewtech
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	468
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	3,936
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	30
Goodwill	26,528
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	15,318
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	3,393
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent	155
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	5,768
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	37,274
Business Combination, Deferred Payments, Liability	2,404
Business Combination, Contingent Consideration, Liability	4,258
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	43,936
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill		$ 1,145,267		$ 1,102,067
Trade Names \| Commercial Foodservice Equipment Group \| Brewtech
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	9,200
Customer Relationships \| Commercial Foodservice Equipment Group \| Brewtech
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 5,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Developed Technology Rights \| Commercial Foodservice Equipment Group \| Brewtech
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 500
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years

Acquisitions and Purchase Accounting Acquisitions and Purchase Accounting - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Business Combinations [Abstract]
Business Acquisition, Pro Forma Revenue	$ 1,480,397	$ 1,494,792
Business Acquisition, Pro Forma Net Income (Loss)	$ 160,996	$ 127,715
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 2.89	$ 2.30
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 2.89	$ 2.30

Recently Issued Accounting Standards Recently Issued Accounting Standards (Details) $ in Millions	6 Months Ended
	Jun. 29, 2019 USD ($)
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 85

Revenue Recognition Schedule of New Accounting Pronouncements and Changes in Accounting Principle (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Net, Current	$ 411,303	$ 398,660
Inventories, net	611,859	521,810
Prepaid expenses and other	62,941	50,940
Long-term deferred tax assets	28,370	32,188
Accrued expenses	368,730	367,446
Retained earnings	$ 2,170,445	$ 2,009,233

Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 761,004	$ 668,128	$ 1,447,806	$ 1,252,928
United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	516,290	452,249	957,512	852,857
Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	61,552	51,742	119,925	88,005
Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	158,849	145,974	319,978	276,372
Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	24,313	18,163	50,391	35,694
Commercial Foodservice Equipment Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	513,279	414,117	970,810	774,021
Commercial Foodservice Equipment Group \| United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	357,718	289,523	657,993	544,636
Commercial Foodservice Equipment Group \| Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	52,031	37,959	100,324	66,991
Commercial Foodservice Equipment Group \| Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	85,962	75,352	175,858	141,963
Commercial Foodservice Equipment Group \| Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	17,568	11,283	36,635	20,431
Residential Kitchen
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	149,872	160,362	286,669	296,686
Residential Kitchen \| United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	100,472	103,420	183,830	181,980
Residential Kitchen \| Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,467	2,060	2,865	3,579
Residential Kitchen \| Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	47,006	53,819	97,621	108,874
Residential Kitchen \| Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	927	1,063	2,353	2,253
Food Processing Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	97,853	93,649	190,327	182,221
Food Processing Group \| United States and Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	58,100	59,306	115,689	126,241
Food Processing Group \| Asia
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	8,054	11,723	16,736	17,435
Food Processing Group \| Europe and Middle East
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	25,881	16,803	46,499	25,535
Food Processing Group \| Latin America
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 5,818	$ 5,817	$ 11,403	$ 13,010

Revenue Recognition Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Dec. 29, 2018
Revenue Recognition [Abstract]
Contract with Customer, Asset, Net, Current	$ 20,430	$ 14,048
Contract liabilities	56,099	57,913
Contract with Customer, Liability, Noncurrent	13,065	$ 12,170
Contract with Customer, Asset, Reclassified to Receivable	7,100
Contract with Customer, Liability, Revenue Recognized	50,400
Increase (Decrease) in Deferred Revenue and Customer Advances and Deposits	$ 52,900

Other Comprehensive Income Changes in accumulated other comprehensive income (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 29, 2019

Jun. 30, 2018

Jun. 29, 2019

Jun. 30, 2018

Accumulated Other Comprehensive Income [Roll Forward]

Accumulated Other Comprehensive Income (Loss), Net of Tax

$ (276,476)

$ (266,419)

Other Comprehensive Income (Loss), before Reclassifications, Net of Tax

(26,812)

(4,785)

Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax

$ (5,254)

$ (13,754)

(6,499)

Reclassification from accumulated other comprehensive income, current period, net of tax

1,550

236

Other Comprehensive Income (Loss), before Reclassifications, before Tax

(25,262)

(5,681)

Accumulated Other Comprehensive Income (Loss), Net of Tax

(301,738)

(272,100)

(301,738)

(272,100)

Accumulated Other Comprehensive (income) Loss, Defined Benefit Plan, Tax

(36,800)

(42,000)

(36,800)

(42,000)

Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Tax

(5,500)

5,400

(5,500)

5,400

Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax

(100)

1,600

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax

(8,000)

1,100

Other than Temporary Impairment Loss, Investments, Portion in Other Comprehensive Loss, Tax, Attributable to Parent, Held-to-maturity Securities

(1,081)

(2,867)

(1,110)

Currency Translation Adjustment

(12,445)

(41,963)

(1,762)

(20,161)

Accumulated Translation Adjustment [Member]

Accumulated Other Comprehensive Income [Roll Forward]

Accumulated Other Comprehensive Income (Loss), Net of Tax

(112,771)

(69,721)

Reclassification from accumulated other comprehensive income, current period, net of tax

Other Comprehensive Income (Loss), before Reclassifications, before Tax

(1,762)

(20,161)

Accumulated Other Comprehensive Income (Loss), Net of Tax

(114,533)

(89,882)

(114,533)

(89,882)

Currency Translation Adjustment

(1,762)

(20,161)

Accumulated Defined Benefit Plans Adjustment

Accumulated Other Comprehensive Income/(Loss) [Line Items]

Other comprehensive income (loss), adopt of new accounting pronouncement

500

Accumulated Other Comprehensive Income [Roll Forward]

Accumulated Other Comprehensive Income (Loss), Net of Tax

(170,938)

(203,063)

Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax

(9)

6,012

Reclassification from accumulated other comprehensive income, current period, net of tax

Other Comprehensive Income (Loss), before Reclassifications, before Tax

(9)

6,499

Accumulated Other Comprehensive Income (Loss), Net of Tax

(170,947)

(196,564)

(170,947)

(196,564)

Interest Rate Swap | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent

Accumulated Other Comprehensive Income [Roll Forward]

Accumulated Other Comprehensive Income (Loss), Net of Tax

7,233

6,365

Other Comprehensive Income (Loss), before Reclassifications, Net of Tax

(25,041)

9,364

Reclassification from accumulated other comprehensive income, current period, net of tax

1,550

236

Other Comprehensive Income (Loss), before Reclassifications, before Tax

(23,491)

7,981

Accumulated Other Comprehensive Income (Loss), Net of Tax

$ (16,258)

14,346

$ (16,258)

14,346

Accounting Standards Update 2018-02

Accumulated Other Comprehensive Income/(Loss) [Line Items]

Other comprehensive income (loss), adopt of new accounting pronouncement

^[1]

(1,132)

Accumulated Other Comprehensive Income [Roll Forward]

Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax

(5,367)

Stranded Tax Effects Reclassified from OCI to Retained Earnings

$ 1,100

1,100

Accounting Standards Update 2018-02 | Accumulated Translation Adjustment [Member]

Accumulated Other Comprehensive Income/(Loss) [Line Items]

Other comprehensive income (loss), adopt of new accounting pronouncement

^[1]

Accounting Standards Update 2018-02 | Accumulated Defined Benefit Plans Adjustment

Accumulated Other Comprehensive Income/(Loss) [Line Items]

Other comprehensive income (loss), adopt of new accounting pronouncement

^[1]

487

Accounting Standards Update 2018-02 | Interest Rate Swap | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent

Accumulated Other Comprehensive Income/(Loss) [Line Items]

Other comprehensive income (loss), adopt of new accounting pronouncement

^[1]

$ (1,619)

[1]

As of December 31, 2017, the company adopted ASU 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". This guidance allowed for the reclassification of $1.1 million of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings.

Other Comprehensive Income Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Net earnings	$ 92,210	$ 83,988	$ 161,223	$ 149,408
Currency Translation Adjustment	(12,445)	(41,963)	(1,762)	(20,161)
Change in unrecognized pension benefit costs, net of tax	5,254	13,754	(9)	6,499
Unrealized gain on interest rate swaps, net of tax	(14,124)	3,045	(23,491)	7,981
Comprehensive income	$ 70,895	$ 58,824	$ 135,961	$ 143,727

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Inventories (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018
Inventory Disclosure [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 280,183	$ 245,976
Inventory, Work in Process, Net of Reserves	61,538	51,164
Inventory, Finished Goods, Net of Reserves	270,138	224,670
Inventories, net	$ 611,859	$ 521,810

Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 29, 2019 USD ($)
Goodwill [Line Items]
Balance beginning of period	$ 1,743,175
Goodwill acquired during the year	71,547
Measurement period adjustments to goodwill acquired in prior year	(31,585)
Exchange effect	(1,365)
Balance end of period	1,781,772
Commercial Foodservice Equipment Group
Goodwill [Line Items]
Balance beginning of period	1,102,067
Goodwill acquired during the year	71,547
Measurement period adjustments to goodwill acquired in prior year	(27,863)
Exchange effect	(484)
Balance end of period	1,145,267
Food Processing Group
Goodwill [Line Items]
Balance beginning of period	219,054
Goodwill acquired during the year	0
Measurement period adjustments to goodwill acquired in prior year	(3,722)
Exchange effect	(265)
Balance end of period	215,067
Residential Kitchen
Goodwill [Line Items]
Balance beginning of period	422,054
Goodwill acquired during the year	0
Measurement period adjustments to goodwill acquired in prior year	0
Exchange effect	(616)
Balance end of period	$ 421,438

Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Intangibles (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 64,293		$ 64,293
Amortization of Intangible Assets	14,700	$ 9,800	30,800	$ 21,300
Finite-Lived Intangible Assets, Gross	762,055		762,055		$ 710,834
Finite-Lived Intangible Assets, Accumulated Amortization	(299,857)		(299,857)		(268,414)
Finite-Lived Intangible Assets, Amortization Expense, Year Two	61,657		61,657
Finite-Lived Intangible Assets, Amortization Expense, Year Three	58,333		58,333
Finite-Lived Intangible Assets, Amortization Expense, Year Four	52,828		52,828
Finite-Lived Intangible Assets, Amortization Expense, Year Five	45,602		45,602
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	179,485		179,485
Finite-Lived Intangible Assets, Net	462,198		$ 462,198
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			9 years 6 months	9 years 6 months
Finite-Lived Intangible Assets, Gross	705,379		$ 705,379		644,145
Finite-Lived Intangible Assets, Accumulated Amortization	(252,831)		$ (252,831)		(222,661)
Backlog
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			2 years	2 years 9 months 18 days
Finite-Lived Intangible Assets, Gross	27,797		$ 27,797		27,065
Finite-Lived Intangible Assets, Accumulated Amortization	(26,447)		$ (26,447)		(24,755)
Developed Technology Rights
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			4 years 9 months 18 days	5 years 10 months 24 days
Finite-Lived Intangible Assets, Gross	28,879		$ 28,879		39,624
Finite-Lived Intangible Assets, Accumulated Amortization	(20,579)		(20,579)		(20,998)
Tradenames And Trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 980,557		$ 980,557		$ 918,604

Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018
Disclosure Accrued Expenses [Abstract]
Accrued payroll and related expenses	$ 69,470	$ 74,952
Accrued warranty	67,947	59,451
Contract liabilities	56,099	57,913
Accrued customer rebates	35,329	45,740
Accrued short-term leases	21,143	0
Accrued Product Liability And Workers Compensation Liability Current	14,630	16,284
Accrued professional services	15,504	17,313
Accrued sales and other tax	16,351	19,452
Accrued agent commission	13,589	11,969
Other accrued expenses	58,668	64,372
Accrued expenses	$ 368,730	$ 367,446

Rollforward of Warranty Reserve (Details) $ in Thousands	6 Months Ended
Rollforward of Warranty Reserve (Details) $ in Thousands	Jun. 29, 2019 USD ($)
Disclosure Rollforward Of Warranty Reserve [Abstract]
Beginning balance	$ 59,451
Warranty reserve related to acquisitions	6,847
Warranty expense	33,333
Warranty claims	(31,684)
Ending balance	$ 67,947

Long-Term Debt (Details) - USD ($) $ in Thousands	6 Months Ended
Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018
Debt Disclosure [Line Items]
Senior secured revolving credit line	$ 1,990,968	$ 1,887,764
Other Long-term Debt	0	175
Total debt	1,995,423	1,892,105
Less: Current maturities of long-term debt	3,443	3,207
Long-term debt	1,991,980	1,888,898
Line of Credit Facility, Maximum Borrowing Capacity	2,500,000
Line of Credit Facility, Increase (Decrease), Net	500,000
Line of Credit Facility, Potential Additional Borrowing Capacity	3,000,000
Line of Credit Facility, Outstanding Amount, USD Borrowings	1,900,000
Line of Credit Facility, Outstanding Amount, EUR Borrowings	64,500
Letters of Credit Outstanding, Amount	11,000
Line of Credit Facility, Remaining Borrowing Capacity	1,000,000
Line of credit, Current and Noncurrent, Foreign	$ 4,500
Line of Credit Facility, Interest Rate at Period End	6.45%
Foreign
Debt Disclosure [Line Items]
Foreign loans	$ 4,455	$ 4,166

Carrying Value and Estimated Aggregate Fair Value of Debt (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018
Disclosure Carrying Value And Estimated Aggregate Fair Value Of Debt [Abstract]
Fixed Interest Rate	2.22%
Derivative Notional Amount, NonCurrent	$ 948,000
Carrying Value	1,995,423	$ 1,892,105
Fair Value	$ 1,955,423	$ 1,892,105

Interest Rate Swaps in Effect (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Debt Disclosure [Line Items]
Fixed Interest Rate	2.22%		2.22%
Derivative Notional Amount, NonCurrent	$ 948,000		$ 948,000
Interest Rate Derivative Liabilities, at Fair Value	22,200		22,200
Foreign Exchange Forward
Debt Disclosure [Line Items]
Derivative, Fair Value, Net	(600)		(600)
Other Noncurrent Assets \| Interest Rate Swap
Debt Disclosure [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	3,238		3,238		$ 13,487
Other Comprehensive Income \| Interest Rate Swap
Debt Disclosure [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(18,187)	$ 4,338	(29,976)	$ 10,958
Interest Expense \| Interest Rate Swap
Debt Disclosure [Line Items]
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	784	248	1,550	236
Other Expense \| Interest Rate Swap
Debt Disclosure [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0	$ (161)	$ 0	$ (113)

Financing Arrangements Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Dec. 29, 2018
Debt Disclosure [Line Items]
Derivative Notional Amount, NonCurrent	$ 948,000
Fixed Interest Rate	2.22%
Debt Instrument, Interest Coverage Ratio Range, Low	300.00%
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,500,000
Credit facility, outstanding	1,990,968	$ 1,887,764
Letters of Credit Outstanding, Amount	11,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 1,000,000
Credit facility, additional interest rate above LIBOR	1.625%
Debt Instrument Interest Additional Interest Above Fed Funds Rate	0.50%
Debt Instrument, Interest Rate, Increase (Decrease)	1.00%
Debt Instrument Interest Additional Interest Above LIBOR Rate Alternative	0.625%
Credit facility, average interest rate	3.93%
Variable commitment fee	0.25%
Term loan, amount	$ 1,995,423	1,892,105
Line of Credit Facility, Interest Rate at Period End	6.45%
Line of credit, Current and Noncurrent, Foreign	$ 4,500
Debt Instrument, Interest Coverage Ratio Range, High	100.00%
Debt Instrument, Leverage Ratio Range, Low	350.00%
Debt Instrument, Leverage Ratio Range, High	100.00%
Debt Instrument, Qualified Leverage Ratio Range, Low	400.00%
Debt Instrument, Qualified Leverage Ratio Range, High	100.00%
Other Noncurrent Assets \| Interest Rate Swap
Debt Disclosure [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	$ 3,238	$ 13,487
maturity less than 12 months [Member]
Debt Disclosure [Line Items]
Derivative Notional Amount, NonCurrent	$ 51,000
Fixed Interest Rate	1.27%

Summary of Fair Value of Interest Rate Swaps (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018
Other Noncurrent Liabilities \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair value	$ (25,402)	$ (4,125)

Impact on Earnings from Interest Rate Swaps (Details) - Interest Rate Swap - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (18,187)	$ 4,338	$ (29,976)	$ 10,958
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	784	248	1,550	236
Other Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0	$ (161)	$ 0	$ (113)

Financial Instruments Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Dec. 29, 2018
Derivative [Line Items]
Fixed Interest Rate	2.22%
Fair value of interest rate swaps liability	$ 22,200
Loss in fair value of interest rate swaps	$ 23,300
maturity less than 12 months [Member]
Derivative [Line Items]
Fixed Interest Rate	1.27%
Foreign Exchange Forward
Derivative [Line Items]
Derivative, Fair Value, Net	$ (600)
Other Noncurrent Assets \| Interest Rate Swap
Derivative [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	$ 3,238	$ 13,487

Leases (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Leases (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Jun. 29, 2019	Dec. 29, 2018
Leases [Abstract]
Operating Lease, Cost	$ 7,800	$ 15,300
Operating Lease, Right-of-Use Asset	85,954	85,954
Operating Lease, Liability, Current	21,143	21,143	$ 0
Operating Lease, Liability, Noncurrent	63,534	63,534
Operating Lease, Liability	$ 84,677	$ 84,677

Leases Lease Commitments (Details) $ in Thousands	Jun. 29, 2019 USD ($)
Leases [Abstract]
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	$ 11,958
Lessee, Operating Lease, Liability, Payments, Due Year Two	20,987
Lessee, Operating Lease, Liability, Payments, Due Year Three	17,306
Lessee, Operating Lease, Liability, Payments, Due Year Four	13,854
Lessee, Operating Lease, Liability, Payments, Due Year Five	9,444
Lessee, Operating Lease, Liability, Payments, Due after Year Five	18,926
Lessee, Operating Lease, Liability, Payments, Due	92,475
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	7,798
Operating Lease, Liability	$ 84,677

Leases Other Lease Information (Details) $ in Thousands	3 Months Ended	6 Months Ended
Leases Other Lease Information (Details) $ in Thousands	Jun. 29, 2019 USD ($)	Jun. 29, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 6,238	$ 12,300
Weighted-average remaining lease terms - operating leases	5 years 6 months	5 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	3.40%	3.40%

Net Sales Summary (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 29, 2019

Jun. 30, 2018

Jun. 29, 2019

Jun. 30, 2018

Revenue from Contract with Customer, Excluding Assessed Tax

$ 761,004

$ 668,128

$ 1,447,806

$ 1,252,928

100.00%

^[1],[2]

$ 139,607

$ 111,310

$ 240,668

$ 198,302

24,621

18,598

50,135

38,622

Commercial Foodservice Equipment Group

13,535

7,551

21,630

24,208

Revenue from Contract with Customer, Excluding Assessed Tax

$ 513,279

$ 414,117

$ 970,810

$ 774,021

67.40%

62.00%

67.10%

61.80%

^[1],[2]

$ 111,572

$ 100,008

$ 208,383

$ 182,554

16,410

7,349

32,590

15,349

7,240

2,929

13,213

8,706

Food Processing Group

Revenue from Contract with Customer, Excluding Assessed Tax

$ 97,853

$ 93,649

$ 190,327

$ 182,221

12.90%

14.00%

13.10%

14.50%

^[1],[2]

$ 18,542

$ 14,648

$ 31,128

$ 25,326

2,423

3,129

5,947

7,176

1,376

460

2,077

6,956

Corporate and Other

Revenue from Contract with Customer, Excluding Assessed Tax

^[1],[2],[3]

(11,106)

(19,866)

(38,213)

(32,687)

^[3]

452

468

903

936

^[3]

2,404

1,418

2,404

904

Residential Kitchen

Revenue from Contract with Customer, Excluding Assessed Tax

$ 149,872

$ 160,362

$ 286,669

$ 296,686

19.70%

24.00%

19.80%

23.70%

^[1],[2]

$ 20,599

$ 16,520

$ 39,370

$ 23,109

5,336

7,652

10,695

15,161

2,515

2,744

3,936

7,642

United States and Canada

Revenue from Contract with Customer, Excluding Assessed Tax

516,290

452,249

957,512

852,857

United States and Canada | Commercial Foodservice Equipment Group

Revenue from Contract with Customer, Excluding Assessed Tax

357,718

289,523

657,993

544,636

United States and Canada | Food Processing Group

Revenue from Contract with Customer, Excluding Assessed Tax

58,100

59,306

115,689

126,241

United States and Canada | Residential Kitchen

Revenue from Contract with Customer, Excluding Assessed Tax

100,472

103,420

183,830

181,980

Asia

Revenue from Contract with Customer, Excluding Assessed Tax

61,552

51,742

119,925

88,005

Asia | Commercial Foodservice Equipment Group

Revenue from Contract with Customer, Excluding Assessed Tax

52,031

37,959

100,324

66,991

Asia | Food Processing Group

Revenue from Contract with Customer, Excluding Assessed Tax

8,054

11,723

16,736

17,435

Asia | Residential Kitchen

Revenue from Contract with Customer, Excluding Assessed Tax

1,467

2,060

2,865

3,579

Europe and Middle East

Revenue from Contract with Customer, Excluding Assessed Tax

158,849

145,974

319,978

276,372

Europe and Middle East | Commercial Foodservice Equipment Group

Revenue from Contract with Customer, Excluding Assessed Tax

85,962

75,352

175,858

141,963

Europe and Middle East | Food Processing Group

Revenue from Contract with Customer, Excluding Assessed Tax

25,881

16,803

46,499

25,535

Europe and Middle East | Residential Kitchen

Revenue from Contract with Customer, Excluding Assessed Tax

47,006

53,819

97,621

108,874

Latin America

Revenue from Contract with Customer, Excluding Assessed Tax

24,313

18,163

50,391

35,694

Latin America | Commercial Foodservice Equipment Group

Revenue from Contract with Customer, Excluding Assessed Tax

17,568

11,283

36,635

20,431

Latin America | Food Processing Group

Revenue from Contract with Customer, Excluding Assessed Tax

5,818

5,817

11,403

13,010

Latin America | Residential Kitchen

Revenue from Contract with Customer, Excluding Assessed Tax

$ 927

$ 1,063

$ 2,353

$ 2,253

[1]	Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2]	Restructuring expenses are allocated in operating income by segment. See note 17 for further details.
[3]	Includes corporate and other general company assets and operations.

Summary of Results of Operations for Business Segments (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 29, 2019

Jun. 30, 2018

Jun. 29, 2019

Jun. 30, 2018

Dec. 29, 2018

Revenue from Contract with Customer, Excluding Assessed Tax

$ 761,004

$ 668,128

$ 1,447,806

$ 1,252,928

^[1],[2]

139,607

111,310

240,668

198,302

24,621

18,598

50,135

38,622

13,535

7,551

21,630

24,208

Commercial Foodservice Equipment Group

4,886,669

4,602,203

4,886,669

4,602,203

$ 4,549,781

Revenue from Contract with Customer, Excluding Assessed Tax

513,279

414,117

970,810

774,021

^[1],[2]

111,572

100,008

208,383

182,554

16,410

7,349

32,590

15,349

7,240

2,929

13,213

8,706

3,190,584

2,889,677

3,190,584

2,889,677

Food Processing Group

Revenue from Contract with Customer, Excluding Assessed Tax

97,853

93,649

190,327

182,221

^[1],[2]

18,542

14,648

31,128

25,326

2,423

3,129

5,947

7,176

1,376

460

2,077

6,956

528,008

497,439

528,008

497,439

Residential Kitchen

Revenue from Contract with Customer, Excluding Assessed Tax

149,872

160,362

286,669

296,686

^[1],[2]

20,599

16,520

39,370

23,109

5,336

7,652

10,695

15,161

2,515

2,744

3,936

7,642

1,136,859

1,133,356

1,136,859

1,133,356

Corporate and Other

Revenue from Contract with Customer, Excluding Assessed Tax

^[1],[2],[3]

(11,106)

(19,866)

(38,213)

(32,687)

^[3]

452

468

903

936

^[3]

2,404

1,418

2,404

904

^[3]

$ 31,218

$ 81,731

$ 31,218

$ 81,731

[1]	Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2]	Restructuring expenses are allocated in operating income by segment. See note 17 for further details.
[3]	Includes corporate and other general company assets and operations.

Long-Lived Assets by Major Geographic Region (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Current Fiscal Year End Date	--12-28
Long-lived assets	$ 477,219	$ 404,220
United States and Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	280,360	262,382
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	14,219	12,575
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	175,745	128,584
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	6,895	679
Total International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 196,859	$ 141,838