The Middleby Corporation (MIDD) 10-K28 Feb 242023 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 30, 2023	Feb. 26, 2024	Jul. 01, 2023
Cover [Abstract]
Document Fiscal Period Focus	FY
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 30, 2023
Document Transition Report	false
Entity File Number	1-9973
Entity Registrant Name	THE MIDDLEBY CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-3352497
Entity Address, Address Line One	1400 Toastmaster Drive,
Entity Address, City or Town	Elgin,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60120
City Area Code	(847)
Local Phone Number	741-3300
Title of 12(b) Security	Common stock,
Trading Symbol	MIDD
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 7,832,982,469
Entity Common Stock, Shares Outstanding		53,603,418
Entity Central Index Key	0000769520
Current Fiscal Year End Date	--12-30
Document Fiscal Year Focus	2023
Amendment Flag	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 30, 2023
Auditor [Line Items]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Chicago, Illinois

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 247,496	$ 162,001
Accounts Receivable, Net, Current	644,576	631,134
Inventory, Net	935,867	1,077,729
Prepaid expenses and other	112,690	125,640
Prepaid Taxes	25,230	9,492
Total current assets	1,965,859	2,005,996
Property, Plant and Equipment, Net	510,898	443,528
Goodwill	2,486,310	2,411,834
Other intangibles	1,693,076	1,794,232
Deferred Income Tax Assets, Net	7,945	6,738
Assets for Plan Benefits, Defined Benefit Plan	38,535	0
Other assets	204,069	212,538
Total Assets	6,906,692	6,874,866
Current liabilities:
Current maturities of long-term debt	44,822	45,583
Accounts payable	227,080	271,374
Accrued expenses	579,192	671,327
Total current liabilities	851,094	988,284
Long-term debt	2,380,373	2,676,741
Deferred Tax and Other Liabilities, Noncurrent	216,143	220,204
Liability, Defined Benefit Pension Plan, Noncurrent	12,128	14,948
Other non-current liabilities	197,065	176,942
Stockholders' equity:
Common Stock, Value, Issued	148	147
Paid-in capital	479,216	408,376
Treasury Stock, Value	906,031	831,176
Retained earnings	3,899,754	3,498,872
Accumulated other comprehensive loss	(223,198)	(278,472)
Total stockholders' equity	3,249,889	2,797,747
Total liabilities and stockholders' equity	$ 6,906,692	$ 6,874,866

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Allowance for Doubtful Accounts Receivable, Current	$ 23,464	$ 20,295
Less accumulated depreciation	(339,528)	(299,572)
Finite-Lived Intangible Assets, Accumulated Amortization	$ (574,079)	$ (503,034)
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares issued	63,942,340	63,508,855
Treasury Stock, Common, Shares	10,338,922	9,814,480

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands		12 Months Ended
		Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Net sales		$ 4,036,605	$ 4,032,853	$ 3,250,792
Cost of Sales		2,502,543	2,586,299	2,055,932
Gross profit		1,534,062	1,446,554	1,194,860
Selling, General and Administrative Expense		806,946	797,234	667,976
Restructuring Charges		14,134	9,716	7,655
Impairments		78,114	0	0
Merger termination fee		0	0	(110,000)
Gain on sale of plant		0	0	(763)
Income from operations	[1]	634,868	639,604	629,992
Net interest expense and deferred financing amortization, net		120,348	88,977	57,157
Net Periodic Benefit Cost, Other Than Service Cost & Curtailment		(9,071)	(42,681)	(45,066)
Other expense (income), net		4,213	28,893	(1,603)
Earnings before income taxes		519,378	564,415	619,504
Provision for income taxes		118,496	127,846	131,012
Net earnings		$ 400,882	$ 436,569	$ 488,492
Net earnings per share:
Basic (in usd per share)		$ 7.48	$ 8.07	$ 8.85
Diluted (in usd per share)		$ 7.41	$ 7.95	$ 8.62
Weighted average number of shares
Basic (in shares)		53,577,000	54,095,000	55,216,000
Dilutive common stock equivalents (in shares)		509,000	852,000	1,449,000
Diluted (in shares)		54,086,000	54,947,000	56,665,000

[1]Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Statement of Comprehensive Income [Abstract]
Net earnings	$ 400,882	$ 436,569	$ 488,492
Other comprehensive income:
Foreign currency translation adjustments	59,855	(107,691)	(47,693)
Pension liability adjustment, net of tax	11,988	127,995	151,223
Unrealized gain (loss) on interest rate swaps, net of tax	(16,569)	61,638	24,484
Unrealized (loss) gain on certain investments, net of tax	0	(1,330)	1,330
Other Comprehensive Income (Loss), Net of Tax	55,274	80,612	129,344
Comprehensive income	$ 456,156	$ 517,181	$ 617,836

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Treasury Stock, Common	Retained Earnings	Accumulated Other Comprehensive Income (loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU	$ (74,375)	$ 0	$ (79,430)	$ 0	$ 5,055	$ 0
Balance, Beginning at Jan. 02, 2021	1,976,649	147	433,308	(537,134)	2,568,756	(488,428)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	488,492	0	0	0	488,492	0
Currency translation adjustments	(47,693)	0	0	0	0	(47,693)
Change in unrecognized pension benefit costs, net of tax	151,223	0	0	0	0	151,223
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	24,484	0	0	0	0	24,484
Unrealized (loss) gain on certain investments, net of tax	1,330		0	0	0	1,330
Stock compensation	42,330	0	42,330	0	0	0
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	2,522	0	2,522	0	0	0
Purchase of treasury stock	(29,265)	0	0	(29,265)	0	0
Purchase of capped calls, net of tax	(41,421)	0	(41,421)	0	0	0
Balance, Ending at Jan. 01, 2022	2,494,276	147	357,309	(566,399)	3,062,303	(359,084)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Tax	8,619
Unrealized loss on interest rate swap, net of tax	443
Net earnings	436,569	0	0	0	436,569	0
Currency translation adjustments	(107,691)	0	0	0	0	(107,691)
Change in unrecognized pension benefit costs, net of tax	127,995	0	0	0	0	127,995
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	61,638	0	0	0	0	61,638
Unrealized (loss) gain on certain investments, net of tax	(1,330)	0	0	0	0	(1,330)
Stock compensation	58,368	0	58,368	0	0	0
Purchase of treasury stock	(264,777)	0	0	(264,777)	0	0
Purchase of capped calls, net of tax	7,301	0	7,301	0	0	0
Balance, Ending at Dec. 31, 2022	2,797,747	147	408,376	(831,176)	3,498,872	(278,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Tax	21,337
Unrealized loss on interest rate swap, net of tax	(443)
Net earnings	400,882	0	0	0	400,882	0
Currency translation adjustments	59,855	0	0	0	0	59,855
Change in unrecognized pension benefit costs, net of tax	11,988	0	0	0	0	11,988
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(16,569)	0	0	0	0	(16,569)
Unrealized (loss) gain on certain investments, net of tax	0
Stock compensation	51,047	0	51,047	0	0	0
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	19,794	1	19,793	0	0	0
Purchase of treasury stock	(74,855)	0	0	(74,855)	0	0
Balance, Ending at Dec. 30, 2023	3,249,889	$ 148	$ 479,216	$ (906,031)	$ 3,899,754	$ (223,198)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Tax	$ (5,637)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	$ (5,993)	$ (37,475)	$ (49,589)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Tax	$ (5,637)	21,337	8,619
Adjustments to Additional Paid in Capital, Purchase of Capped Calls, Tax		(2,354)	$ (13,132)
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2020-06
Cumulative Effect Period of Adoption, Additional Paid In Capital		79,400
Cumulative Effect Period of Adoption, Retained Earnings		5,100
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2020-06 \| Paid-in Capital
Cumulative effect Period of Adoption, tax impact		25,500
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2020-06 \| Retained Earnings
Cumulative effect Period of Adoption, tax impact		$ 1,600

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Cash flows from operating activities--
Net earnings	$ 400,882	$ 436,569	$ 488,492
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	132,604	138,061	125,243
Non-cash share-based compensation	51,047	58,368	42,330
Deferred income taxes	(2,405)	(6,642)	6,863
Net Periodic Benefit Cost, Other Components	(9,071)	(42,681)	(45,066)
Gain on sale of plant	0	0	(763)
Impairments	78,114	0	0
Non Cash Restructuring	0	0	1,924
Other Noncash Income (Expense)	1,529	(12,127)	(11,805)
Changes in assets and liabilities, net of acquisitions
Accounts receivable, net	(4,624)	(28,392)	(93,988)
Inventories, net	157,868	(196,313)	(198,264)
Prepaid expenses and other assets	(17,081)	(5,201)	10,853
Accounts payable	(49,369)	(47,742)	61,336
Accrued expenses and other liabilities	(110,704)	38,652	36,244
Net cash provided by operating activities	628,790	332,552	423,399
Cash flows from investing activities--
Additions to property and equipment	(85,179)	(67,289)	(46,551)
Proceeds from Sale of Property Held-for-sale	0	0	6,290
Payments to Acquire Intangible Assets	(1,805)	(2,233)	(5,000)
Payments to Acquire Businesses, Net of Cash Acquired	(68,758)	(278,797)	(963,600)
Net cash (used in) investing activities	(155,742)	(348,319)	(1,008,861)
Cash flows from financing activities--
Proceeds under Credit Facility	640,200	1,870,000	1,739,101
Repayments under Credit Facility	(948,496)	(1,555,250)	(1,135,058)
Payments for Premiums for Capped Call Confirmations, Debt Issuance	0	(9,655)	(54,553)
Net (repayments) proceeds under foreign bank loan	(166)	(24,470)	(2,030)
Payments of deferred purchase price	(7,701)	(7,930)	(5,861)
Repurchase of treasury stock	(74,565)	(264,777)	(29,265)
Payments of Debt Issuance Costs	0	0	(9,242)
Proceeds from (Payments for) Other Financing Activities	(211)	(287)	(303)
Net cash (used in) provided by financing activities	(390,939)	7,631	502,789
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations	3,386	(10,225)	(5,068)
Changes in cash and cash equivalents--
Net (decrease) increase in cash and cash equivalents	85,495	(18,361)	(87,741)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	247,496	162,001	180,362
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Stock Issued During Period, Value, Acquisitions	$ 19,794	$ 0	$ 2,522

Nature of Operations

Nature of Operations	12 Months Ended
Nature of Operations	Dec. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	NATURE OF OPERATIONS The Middleby Corporation (the "company") is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The company manufactures and assembles this equipment at forty-four U.S. and thirty-five international manufacturing facilities. The company operates in three business segments: 1) the Commercial Foodservice Equipment Group, 2) the Food Processing Equipment Group and 3) the Residential Kitchen Equipment Group. The Commercial Foodservice Equipment Group has a broad portfolio of foodservice equipment, which enable it to serve virtually any cooking, warming, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation. This equipment is used across all types of foodservice operations, including quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels and other institutions. The products offered by this group include conveyor ovens, combi-ovens, convection ovens, baking ovens, proofing ovens, deck ovens, speed cooking ovens, hydrovection ovens, ranges, fryers, rethermalizers, steam cooking equipment, food warming equipment, catering equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, coldrooms, ice machines, freezers, soft serve ice cream equipment, coffee and beverage dispensing equipment, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, IoT solutions and controls development and manufacturing. The Food Processing Equipment Group offers a broad portfolio of processing solutions for customers producing pre-cooked meat products, such as hot dogs, dinner sausages, poultry and lunchmeats and baked goods such as muffins, cookies and bread. Through its broad line of products, the company is able to deliver a wide array of cooking solutions to service a variety of food processing requirements demanded by its customers. The company can offer highly integrated solutions that provide a food processing operation a uniquely integrated solution providing for the highest level of food quality, product consistency, and reduced operating costs resulting from increased product yields, increased capacity and greater throughput and reduced labor costs through automation. The products offered by this group include a wide array of cooking and baking solutions, including batch ovens, baking ovens, proofing ovens, conveyor belt ovens, continuous processing ovens, frying systems and automated thermal processing systems. The company also provides a comprehensive portfolio of complementary food preparation equipment such as tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, blenders, battering equipment, breading equipment, seeding equipment, water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment, as well as a variety of automated loading and unloading systems, automated washing systems, auto-guided vehicles, food safety, food handling, freezing, defrosting and packaging equipment. This portfolio of equipment can be integrated to provide customers a highly efficient and customized solution. The Residential Kitchen Equipment Group has a broad portfolio of innovative and professional-style residential kitchen equipment. The products offered by this group include ranges, cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, beer dispensers, ventilation equipment, mixers, rotisseries and outdoor cooking equipment.

Acquisition and Purchase Accoun

Acquisition and Purchase Accounting	12 Months Ended
Acquisition and Purchase Accounting	Dec. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisition and Purchase Accounting [Text Block]	ACQUISITIONS AND PURCHASE ACCOUNTING The following represents the company's significant acquisitions in 2023 and 2022, the termination of a Merger Agreement, as well as summarized information on various acquisitions that were not individually material. Termination of Welbilt Merger On April 20, 2021, Middleby entered into a Merger Agreement with Welbilt, Inc. Following Welbilt's receipt of an alternative acquisition proposal, on July 13, 2021, Middleby announced that, under the terms of the Merger Agreement, it would not exercise its right to propose any modifications to the terms of the Merger Agreement and would allow the match period to expire. Accordingly, on July 14, 2021, Welbilt delivered to Middleby a written notice terminating the Merger Agreement and, concurrently with Middleby’s receipt of the termination fee of $110.0 million in cash from Welbilt, the Merger Agreement was terminated on July 14, 2021. The termination fee received is reflected in the Consolidated Statements of Comprehensive Earnings as the "merger termination fee" and $19.7 million of deal costs associated with the transaction are reflected in selling, general and administrative expenses in the Consolidated Statements of Comprehensive Earnings. 2022 Acquisitions During 2022, the company completed various acquisitions that were not individually material. The final allocation of consideration paid for the other 2022 acquisitions is summarized as follows (in thousands): Preliminary Opening Balance Sheet Measurement Adjusted Opening Balance Sheet Cash $ 25,860 $ 159 $ 26,019 Current assets 115,264 (8,911) 106,353 Property, plant and equipment 44,598 615 45,213 Goodwill 139,633 11,358 150,991 Other intangibles 93,147 7,018 100,165 Long-term deferred tax asset 426 635 1,061 Other assets 1,420 3,414 4,834 Current portion of long-term debt (22,841) 2,043 (20,798) Current liabilities (57,158) (4,029) (61,187) Long term debt (5,646) (3,995) (9,641) Long-term deferred tax liability (23,137) 2,049 (21,088) Other non-current liabilities (19,061) (8,019) (27,080) Consideration paid at closing $ 292,505 $ 2,337 $ 294,842 Deferred payments — 1,970 1,970 Contingent consideration 19,105 3,969 23,074 Net assets acquired and liabilities assumed $ 311,610 $ 8,276 $ 319,886 The net long-term deferred tax liability amounted to $20.0 million. The net deferred tax liability is comprised of $20.8 million related to the difference between the book and tax basis of identifiable intangible assets and $0.8 million net deferred tax asset related to the difference between the book and tax basis on identifiable tangible asset and liability accounts. The goodwill and $46.0 million of other intangibles associated with the trade names are subject to the non-amortization provisions of ASC 350. Other intangibles also include $31.5 million allocated to customer relationships, $16.0 million allocated to developed technology, and $6.7 million allocated to backlog, which are being amortized over periods of 7 to 9 years, 5 to 11 years, and 3 to 12 months, respectively. Goodwill of $113.8 million and other intangibles of $63.8 million are allocated to the Food Processing Equipment Group for segment reporting purposes. Goodwill of $34.9 million and other intangibles of $35.6 million are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. Goodwill of $2.3 million and other intangibles of $0.8 million are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. Of these assets, goodwill of $21.5 million and intangibles of $11.9 million are expected to be deductible for tax purposes. Several purchase agreements include deferred payment and earnout provisions providing for a contingent payment due to the sellers for the achievement of certain targets. The deferred payments are payable between 2023 and 2024. The contractual obligations associated with the deferred payments on the acquisition date amounts to $2.0 million.Three earnouts are payable to the extent certain EBITDA targets are met with measurement dates ending between 2022 and 2025. One of these three earnouts is also payable yearly through 2027 based on product sales. One earnout is payable yearly through 2028 based on product sales. The contractual obligation associated with the contingent earnout provisions recognized on the acquisition date amount to $23.1 million. 2023 Acquisitions During 2023, the company completed various acquisitions that were not individually material. The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2023 acquisitions and are summarized as follows (in thousands): Preliminary Opening Balance Sheet Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 3,102 $ — $ 3,102 Current assets 9,964 188 10,152 Property, plant and equipment 21,954 (39) 21,915 Goodwill 38,422 2,726 41,148 Other intangibles 34,337 (722) 33,615 Other assets — 5 5 Current liabilities (3,774) (1,147) (4,921) Long-term deferred tax liability (958) 16 (942) Other non-current liabilities (12,099) (216) (12,315) Consideration paid at closing $ 90,948 $ 811 $ 91,759 Contingent consideration 14,743 216 14,959 Net assets acquired and liabilities assumed $ 105,691 $ 1,027 $ 106,718 The net long-term deferred tax liability amounted to $0.9 million. The net deferred tax liability is comprised of $0.3 million related to the difference between the book and tax basis of identifiable intangible assets and $0.6 million related to the difference between the book and tax basis on identifiable tangible asset and liability accounts. The goodwill and $17.9 million of other intangibles associated with the trade names are subject to the non-amortization provisions of ASC 350. Other intangibles also include $7.2 million allocated to customer relationships, $7.9 million allocated to developed technology, and $0.6 million allocated to backlog, which are being amortized over periods of 7 years, 7 to 12 years, and 9 months, respectively. Goodwill of $17.9 million and other intangibles of $7.8 million are allocated to the Food Processing Equipment Group for segment reporting purposes. Goodwill of $9.6 million and other intangibles of $14.1 million are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. Goodwill of $13.6 million and other intangibles of $11.7 million are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. Of these assets, goodwill of $39.5 million and intangibles of $32.2 million are expected to be deductible for tax purposes. Four purchase agreements include earnout provisions providing for a contingent payment due to the sellers for the achievement of certain targets. Four earnouts are payable to the extent certain sales and EBITDA targets are met with measurement dates ending between 2024 and 2026. One earnout is payable upon the achievement of certain product rollout targets specific to the year of measurement. The contractual obligation associated with the contingent earnout provisions recognized on the acquisition date amount to $15.0 million. The company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the company is waiting for additional information necessary to finalize those fair values for all acquisitions completed during 2023. Certain intangible assets are preliminarily valued using historical information from the Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment Group and qualitative assessments of the individual businesses at acquisition date. Specifically, the company estimated the fair values of the intangible assets based on the percentage of purchase price assigned to similar intangible assets in previous acquisitions. Thus, the provisional measurements of fair values set forth above are subject to change. The company expects to complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. Pro Forma Financial Information In accordance with ASC 805 Business Combinations , the following unaudited pro forma results of operations for the twelve months ended December 30, 2023 and December 31, 2022, assumes the 2022 and 2023 acquisitions described above were completed on January 2, 2022 (first day of fiscal year 2022). The following pro forma results include adjustments to reflect amortization of intangibles associated with the acquisitions and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): Twelve Months Ended December 30, 2023 December 31, 2022 Net sales $ 4,046,332 $ 4,160,826 Net earnings 403,484 426,167 Net earnings per share: Basic $ 7.53 $ 7.88 Diluted $ 7.46 $ 7.76 The historical consolidated financial information of the company and the acquisitions have been adjusted in the pro forma information to give effect to pro forma events that are (1) directly attributable to the transactions, (2) factually supportable and (3) expected to have a continuing impact on the combined results. Pro forma data may not be indicative of the results that would have been obtained had these acquisitions occurred at the beginning of the periods presented, nor is it intended to be a projection of future results. Additionally, the pro forma financial information does not reflect the costs which the company has incurred or may incur to integrate the acquired businesses.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation The consolidated financial statements include the accounts of the company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The company's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses as well as related disclosures. Significant items that are subject to such estimates and judgments include allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves and post-retirement obligations. On an ongoing basis, the company evaluates its estimates and assumptions based on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions. The company's fiscal year ends on the Saturday nearest December 31. Fiscal years 2023, 2022, and 2021 ended on December 30, 2023, December 31, 2022 and January 1, 2022, respectively, with each year including 52 weeks. Certain prior year amounts have been reclassified to be consistent with current year presentation. (b) Cash and Cash Equivalents The company considers all short-term investments with original maturities of three months or less when acquired to be cash equivalents. The company’s policy is to invest its excess cash in interest-bearing deposits with major banks that are subject to minimal credit and market risk. (c) Accounts Receivable Accounts receivable, as shown in the consolidated balance sheets, are net of allowances for doubtful accounts of $23.5 million and $20.3 million at December 30, 2023 and December 31, 2022, respectively. At December 30, 2023, all accounts receivable are expected to be collected within one year. (d) Inventories Inventories are composed of material, labor and overhead and are stated at the lower of cost or net realizable value. Costs for inventory have been determined using the first-in, first-out ("FIFO") method. The company estimates reserves for inventory obsolescence and shrinkage based on its judgment of future realization. Inventories at December 30, 2023 and December 31, 2022 are as follows (in thousands): 2023 2022 Raw materials and parts $ 495,488 $ 595,325 Work in process 80,102 86,083 Finished goods 360,277 396,321 $ 935,867 $ 1,077,729 (e) Property, Plant and Equipment Property, plant and equipment are carried at cost as follows (in thousands): 2023 2022 Land $ 73,060 $ 65,794 Building and improvements 346,527 306,004 Furniture and fixtures 69,438 59,438 Machinery and equipment 361,401 311,864 850,426 743,100 Less accumulated depreciation (339,528) (299,572) $ 510,898 $ 443,528 Property, plant and equipment are depreciated or amortized on a straight-line basis over their useful lives based on management's estimates of the period over which the assets will be utilized to benefit the operations of the company. The useful lives are estimated based on historical experience with similar assets, taking into account anticipated technological or other changes. The company periodically reviews these lives relative to physical factors, economic factors and industry trends. If there are changes in the planned use of property and equipment or if technological changes were to occur more rapidly than anticipated, the useful lives assigned to these assets may need to be shortened, resulting in the recognition of increased depreciation and amortization expense in future periods. Following is a summary of the estimated useful lives: Description Life Building and improvements 20 to 40 years Furniture and fixtures 3 to 7 years Machinery and equipment 3 to 10 years Depreciation expense amounted to $50.4 million, $44.2 million and $42.7 million in fiscal 2023, 2022 and 2021, respectively. Expenditures which significantly extend useful lives are capitalized. Maintenance and repairs are charged to expense as incurred. Asset impairments are recorded whenever events or changes in circumstances indicate that the recorded value of an asset is greater than the sum of its expected future undiscounted cash flows. Asset impairments are recorded at the amount by which the recorded value of an asset exceeds its fair value. (f) Goodwill and Other Intangibles The company’s business acquisitions result in the recognition of goodwill and other intangible assets, which are a significant portion of the company’s total assets. Goodwill represents the excess of acquisition costs over the fair value of the net tangible assets and identifiable intangible assets acquired in a business combination. Identifiable intangible assets are recognized separately from goodwill and include trademarks and trade names, technology, customer relationships and other specifically identifiable assets. Trademarks and trade names are deemed to be indefinite-lived. Goodwill and indefinite-lived intangible assets are not amortized but are subject to impairment testing. The company performs the annual impairment assessment for goodwill and indefinite-lived intangible assets as of first day of the fourth quarter of the fiscal year and more frequently if indicators of impairment exist. The goodwill impairment test is performed at the reporting unit level. The company initially performs a qualitative analysis to determine if it is more likely than not that the goodwill balance or indefinite-life intangible asset is impaired. In conducting a qualitative assessment, the company analyzes a variety of events or factors that may influence the fair value of the reporting unit or indefinite-life intangible, including, but not limited to: macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, share price and other relevant factors. If an indicator of impairment is determined from the qualitative analysis, then the company will perform a quantitative analysis. The fair value of each reporting unit is compared to its carrying value. If the fair value of the reporting unit is less than its carrying value, the resulting difference will be a charge to impairment of goodwill in the Consolidated Statements of Earnings in the period in which the determination is made. Fair value is determined using a combination of present value techniques and market prices of comparable businesses. The company performed a qualitative assessment as of October 1, 2023 over all three reporting units. As a result of the financial performance for the Residential Kitchen reporting unit, the company completed a quantitative analysis. The primary indicator of impairment was market conditions resulting in lower than expected revenue performance in the current year and forecasted revenues for future periods. The fair value of the reporting unit exceeded its carrying unit by more than 10% and no impairment of goodwill was recognized. The company believes the assumptions utilized within the qualitative analysis are reasonable and consistent with assumptions that would be used by other marketplace participants. Based on the qualitative assessment for all other reporting units it was determined there was no impairment of goodwill. The company has not recognized any goodwill impairments and therefore there are no accumulated impairment losses. Goodwill is allocated to the business segments as follows (in thousands): Commercial Food Residential Kitchen Total Balance as of January 1, 2022 $ 1,298,369 $ 237,433 $ 707,667 $ 2,243,469 Goodwill acquired during the year 30,107 112,254 2,266 144,627 Measurement period adjustments to goodwill acquired in prior year 923 — 75,344 76,267 Exchange effect (19,623) 616 (33,522) (52,529) Balance as of December 31, 2022 $ 1,309,776 $ 350,303 $ 751,755 $ 2,411,834 Goodwill acquired during the year 9,640 17,922 13,586 41,148 Measurement period adjustments to goodwill acquired in prior year 4,825 1,540 6,365 Exchange effect 4,815 5,452 16,696 26,963 Balance as of December 30, 2023 $ 1,329,056 $ 375,217 $ 782,037 $ 2,486,310 Intangible assets consist of the following (in thousands): December 30, 2023 December 31, 2022 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer relationships 7.0 $ 845,326 $ (529,533) 7.6 $ 839,811 $ (460,885) Backlog 0.0 — — 0.1 8,301 (6,352) Developed technology 8.3 98,593 (44,546) 8.3 79,763 (35,797) $ 943,919 $ (574,079) $ 927,875 $ (503,034) Indefinite-lived intangible assets: Trademarks and trade names $ 1,323,236 $ 1,369,391 The company completed its annual impairment assessment for indefinite-lived intangible assets as of October 1, 2023. We identified indicators of impairment with certain trademarks within the each of its reporting units based on the qualitative assessment. The primary indicator of impairment was market conditions resulting in lower than expected revenue performance in the current year and forecasted revenues for future periods. Based on the results of the quantitative assessments, the company recorded impairment charges of $78.1 million associated with several trademarks, of which $76.1 million was associated with the Residential Kitchen Equipment Group and $2.0 million with the Commercial Foodservice Equipment Group. The gross value of all trademarks tested was approximately $246.2 million, including the impaired trademarks. The fair values of the other trademarks tested with no impairment per the analyses, exceeded their carrying values by 10% or more. The Kamado Joe, Masterbuilt and Char-Griller trademarks within the Residential Kitchen Equipment Group were impaired based on the quantitative assessments. The fair value of trademarks were estimated to be $122.3 million as compared to the carrying value of $198.4 million and resulted in a $76.1 million indefinite-lived intangible asset impairment charge. The diminution in fair value for the trademarks was macroeconomic conditions such as higher inventory levels in the channel following periods of disruption in supply chain and inflationary pressures on the carrying costs of inventory levels in the retail industry. This led to lower than expected revenue in the current year and corresponding reductions of future revenue due to expectations for recovery in demand. The company estimated the fair value of the trademarks using a relief from royalty method under the income approach. In performing the quantitative analyses on these trademark, significant assumptions include revenue growth rates, assumed royalty rates and the discount rate. The company believes the assumptions utilized within the quantitative analysis are reasonable and consistent with assumptions that would be used by other marketplace participants. Collectively, for the Kamado Joe, Masterbuilt and Char-Griller trademarks, a 10.0% reduction in revenues would result in an impairment charge of approximately $11.3 million. A 50 basis point reduction of the royalty rates would result in an impairment charge of approximately $13.4 million. A 50 basis point increase in the discount rates would result in an impairment charge of approximately $7.5 million. The company performed a qualitative assessment as of October 1, 2023 for all other trademarks and trade names and determined it is more like than not that the fair value of its other indefinite-life intangible assets are greater than the carrying amounts. The company elected to perform a qualitative assessment on the other indefinite-life intangible assets noting no events that indicated that the fair value was less than the carrying value that would require a quantitative impairment assessment. The estimates of future cash flows used in determining the fair value of goodwill and indefinite-lived intangible assets involve significant management judgment and are based upon assumptions about expected future operating performance, economic conditions, market conditions and cost of capital. Inherent in estimating the future cash flows are uncertainties beyond our control, such as changes in capital markets. The company continues to monitor global and regional economic market conditions, channel inventory levels, and the underlying demand for its products to assess the impact on its business and financial performance. The actual cash flows could differ materially from management's estimates due to changes in business conditions, operating performance and economic conditions. Definite-lived intangible assets are amortized over their estimated useful lives and tested for impairment in accordance with the methodology discussed above under "Property, Plant and Equipment." The aggregate intangible amortization expense was $75.0 million, $86.3 million and $75.8 million in 2023, 2022 and 2021, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands): 2024 $ 63,606 2025 57,400 2026 54,208 2027 45,687 2028 39,380 2029 and thereafter 109,559 $ 369,840 (g) Accrued Expenses Accrued expenses consist of the following at December 30, 2023 and December 31, 2022, respectively (in thousands): 2023 2022 Contract liabilities $ 118,681 $ 185,824 Accrued payroll and related expenses 121,514 122,861 Accrued warranty 89,039 82,096 Accrued customer rebates 59,267 70,706 Accrued short-term leases 26,417 25,250 Accrued sales and other tax 24,568 24,044 Accrued professional fees 18,461 19,541 Accrued contingent consideration 17,791 20,529 Accrued agent commission 16,956 17,381 Accrued product liability and workers compensation 11,169 11,326 Other accrued expenses 75,329 91,769 $ 579,192 $ 671,327 (h) Litigation Matters From time to time, the company is subject to proceedings, lawsuits and other claims related to products, suppliers, employees, customers and competitors. The company maintains insurance to partially cover product liability, workers compensation, property and casualty, and general liability matters. The company is required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of accrual required, if any, for these contingencies is made after assessment of each matter and the related insurance coverage. The required accrual may change in the future due to new developments or changes in approach such as a change in settlement strategy in dealing with these matters. The company does not believe that any such matter will have a material adverse effect on its financial condition, results of operations or cash flows of the company. (i) Accumulated Other Comprehensive Income (Loss) The following table summarizes the components of accumulated other comprehensive income (loss) as reported in the consolidated balance sheets (in thousands): 2023 2022 Unrecognized pension benefit costs, net of tax of $3,998 and $(1,995) $ (109,713) $ (121,701) Unrealized gain on interest rate swap, net of tax of $11,198 and $16,836 32,005 48,574 Currency translation adjustments (145,490) (205,345) $ (223,198) $ (278,472) Changes in accumulated other comprehensive income (loss) (1) were as follows (in thousands): Currency Translation Adjustment Pension Benefit Costs Unrealized Gain/(Loss) Interest Rate Swap Unrealized Loss Certain Investments Total Balance as of January 1, 2022 $ (97,654) $ (249,696) $ (13,064) 1,330 $ (359,084) Other comprehensive income before reclassification (107,691) 117,840 58,135 (1,330) 66,954 Amounts reclassified from accumulated other comprehensive income — 10,155 3,503 — 13,658 Net current-period other comprehensive income $ (107,691) $ 127,995 $ 61,638 (1,330) $ 80,612 Balance as of December 31, 2022 $ (205,345) $ (121,701) $ 48,574 $ — $ (278,472) Other comprehensive income before reclassification 59,855 11,392 15,652 — 86,899 Amounts reclassified from accumulated other comprehensive income — 596 (32,221) — (31,625) Net current-period other comprehensive income $ 59,855 $ 11,988 $ (16,569) $ — $ 55,274 Balance as of December 30, 2023 $ (145,490) $ (109,713) $ 32,005 $ — $ (223,198) (1) As of December 30, 2023 pension and unrealized gain/(loss) interest rate swap amounts are net of tax of $4.0 million, and $11.2 million, respectively. During the twelve months ended December 30, 2023, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $6.0 million and $(5.6) million, respectively. (j) Fair Value Measures ASC 820 Fair Value Measurements and Disclosures defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels: Level 1 – Quoted prices in active markets for identical assets or liabilities Level 2 – Inputs, other than quoted prices in active markets, which are observable either directly or indirectly Level 3 – Unobservable inputs based on our own assumptions The company’s financial assets and liabilities that are measured at fair value are categorized using the fair value hierarchy at December 30, 2023 and December 31, 2022 are as follows (in thousands): Fair Value Fair Value Fair Value Total As of December 30, 2023 Financial Assets: Interest rate swaps $ — $ 42,779 $ — $ 42,779 Foreign exchange derivative contracts $ — $ 29 $ — $ 29 Financial Liabilities: Contingent consideration $ — $ — $ 51,538 $ 51,538 As of December 31, 2022 Financial Assets: Interest rate swaps $ — $ 64,985 $ — $ 64,985 Financial Liabilities: Contingent consideration $ — $ — $ 47,242 $ 47,242 Foreign exchange derivative contracts $ — $ 474 $ — $ 474 The contingent consideration, as of December 30, 2023 and December 31, 2022, relates to the earnout provisions recorded in conjunction with various purchase agreements. The earnout provisions associated with these acquisitions are based upon performance measurements related to sales and earnings, as defined in the respective purchase agreements. On a quarterly basis, the company assesses the projected results for each of the acquisitions in comparison to the earnout targets and adjusts the liability accordingly. Discount rates for valuing contingent consideration are determined based on the company rates and specific acquisition risk considerations. Changes in fair value associated with the earnout provisions are recognized in Selling, general and administrative expenses within the Consolidated Statements of Earnings. The following table represents changes in the fair value of the contingent consideration liabilities for the fiscal years 2023 and 2022: December 30, 2023 December 31, 2022 Beginning balance $ 47,242 $ 34,983 Payments of contingent consideration (6,871) (5,103) New contingent consideration 15,534 22,299 Changes in fair value (4,367) (4,937) Ending balance $ 51,538 $ 47,242 (k) Foreign Currency The income statements of the company’s foreign operations are translated at the monthly average rates. Assets and liabilities of the company’s foreign operations are translated at exchange rates at the balance sheet date. These translation adjustments are not included in determining net income for the period but are disclosed and accumulated in a separate component of stockholders’ equity. Exchange gains and losses on foreign currency transactions are included in determining net income for the period in which they occur. These transactions amounted to a loss of $8.7 million, loss of $28.1 million and a gain of $0.3 million in 2023, 2022 and 2021, respectively, and are included in other expense on the statements of earnings. (l) Shipping and Handling Costs Fees billed to the customer for shipping and handling are classified as a component of net revenues. Shipping and handling costs are included in cost of products sold. (m) Warranty Costs In the normal course of business, the company issues product warranties for specific product lines and provides for the estimated future warranty cost in the period in which the sale is recorded. The estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Because warranty estimates are forecasts that are based on the best available information, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable. A rollforward of the warranty reserve for the fiscal years 2023 and 2022 are as follows (in thousands): 2023 2022 Beginning balance $ 82,096 $ 80,215 Warranty reserve related to acquisitions 595 3,607 Warranty expense 89,122 70,774 Warranty claims paid (82,774) (72,500) Ending balance $ 89,039 $ 82,096 (n) Research and Development Costs Research and development costs, included in cost of sales in the consolidated statements of earnings, are charged to expense when incurred. These costs were $53.1 million, $48.9 million and $41.8 million in fiscal 2023, 2022 and 2021, respectively. (o) Non-Cash Share-Based Compensation The company's 2021 Stock Incentive Plan (the "2021 Plan"), allows for the granting of stock options, stock appreciation rights, restricted stock and restricted stock units, performance stock, phantom units and other equity-based awards. The company estimates the fair value of restricted stock grants, restricted stock units and performance stock units at the time of grant and recognizes compensation costs over the vesting period of the grants. The expense, net of forfeitures, is recognized using the straight-line method. Non-cash share-based compensation expense is only recognized for those grants expected to vest. See Note 6, "Common and Preferred Stock," for further information on the company's share-based incentive plans. (p) Earnings Per Share “Basic earnings per share” is calculated based upon the weighted average number of common shares actually outstanding, and “diluted earnings per share” is calculated based upon the weighted average number of common shares outstanding and other dilutive securities. The company’s potentially dilutive securities amounted to 509,000, 852,000 and 1,449,000 for fiscal 2023, 2022 and 2021, respectively. The company's potentially dilutive securities consist of shares issuable on vesting of restricted stock units computed using the treasury method and amounted to approximately 67,000, 73,000 and 56,000 for fiscal 2023, 2022 and 2021, respectively. During fiscal 2023 2022 and 2021, the average market price of the company's common stock exceeded the exercise price of the Convertible Notes (as defined below) resulting in approximately 442,000, 779,000 and 1,393,000 diluted common stock equivalents to be included in the diluted net earnings per share, respectively. There have been no material conversions to date. See Note 5, Financing Arrangements, in these Notes to the Consolidated Financial Statements for further details on the Convertible Notes. There were no anti-dilutive equity awards excluded from common stock equivalents for 2023, 2022 or 2021. (q) Consolidated Statements of Cash Flows Cash paid for interest was $119.2 million, $77.2 million and $50.6 million in fiscal 2023, 2022 and 2021, respectively. Cash payments totaling $139.7 million, $114.0 million, and $125.8 million were made for income taxes during fiscal 2023, 2022 and 2021, respectively. (r) New Accounting Pronouncements Accounting Pronouncements - Recently Adopted In March 2020, the Financial Accounting Standards Board (the " FASB") issued Accounting Standards Update ("ASU") 2 020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, which amends ASU 2020-04 and clarifies the scope and guidance of Topic 848 to allow for derivatives impacted by the rate reform to qualify for certain optional expedients and exceptions for contract modifications and hedge accounting. The guidance is optional and is effective for a limited period of time. In December 2022, the FASB also issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, to defer the sunset date of ASC 848 from December 31, 2022, to December 31, 2024. These new standards were effective upon issuance and generally can be applied to applicable contract modifications. All of the company's agreements previously utilizing LIBOR have transitioned to Secured Overnight Financing Rate ("SOFR") on or before July 1, 2023. These changes did not have a material impact on its Consolidated Financial Statements and disclosures. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The new accounting rules require entities to apply “Revenue from Contracts with Customers (Topic 606)” to recognize and measure contract assets and contract liabilities in a business combination. The new accounting rules were effective for the Company in the first quarter of 2023. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832), Disclosures by Business Entities About Government Assistance, which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements, and any significant terms and conditions of the agreements, including commitments and contingencies. The new standard is effective for the company as of January 1, 2023 and only impacts annual financial statement footnote disclosures. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this update eliminate the accounting guidance for troubled debt restructurings by creditors while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors made to borrowers experiencing financial difficulty. The amendments also require disclosure of current-period gross write-offs by year of origination for financing receivables. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The standard should be applied prospectively, and it allows for a modified retrospective transition method resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method. The new standard expands and clarifies the use of the portfolio layer method for fair value hedges of interest rate risk. The new standard allows non-prepayable financial assets to also be included in a closed portfolio hedged using the portfolio layer method. The standard is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The new guidance on hedging multiple layers in a closed portfolio should be applied prospectively and the guidance on the accounting for fair value basis adjustments should be applied on a modified retrospective basis. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. Accounting Pronouncements - To be adopted In March 2023, the FASB issued Accounting Standards Update ASU 2023-01, Leases (Topic 842): Common Control Arrangements. This ASU clarified the accounting for leasehold improvements for leases under common control. The guidance is effective for the company beginning on January 1, 2024. The company is currently evaluating the impact the adoption of this guidance will have on its Consolidated Financial Statements and disclosures. In November 2023, the FASB issued Accounting Standard Update ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendment requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker, as well as disclosure of the title and position of the Chief Operating Decision Maker (“CODM”). The guidance is effective for the company beginning on January 1, 2024. Early adoption is permitted. The company is currently evaluating the impact the adoption of this guidance will have on its Consolidated Financial Statements and disclosures. In December 2023, the FASB issued Accounting Standard Update ASU No. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands the disclosures required in an entity’s income tax rate reconciliation table. This ASU requires consistent categories and greater disaggregation of information presented in the effective tax rate reconciliation and requires disclosure of income taxes paid both domestic and foreign jurisdictions. The guidance is effective for the company beginning on January 1, 2025 and is required to be applied prospectively, with retrospective application to prior periods allowed. Early adoption is permitted. The company is currently evaluating the impact the adoption of this guidance will have on its Consolidated Financial Statements and disclosures.
Cash Flow, Supplemental Disclosures	Consolidated Statements of Cash Flows Cash paid for interest was $119.2 million, $77.2 million and $50.6 million in fiscal 2023, 2022 and 2021, respectively. Cash payments totaling $139.7 million, $114.0 million, and $125.8 million were made for income taxes during fiscal 2023, 2022 and 2021, respectively.

Revenue Recognition

Revenue Recognition	12 Months Ended
Revenue Recognition	Dec. 30, 2023
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE RECOGNITION Revenue is recognized when the control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and represents the unit of account. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The company’s contracts can have multiple performance obligations or just a single performance obligation. For contracts with multiple performance obligations, the contracts transaction price is allocated to each performance obligation using the company’s best estimate of the standalone selling price of each distinct good or service in the contract. As the company’s standard payment terms are less than one year, the company does not assess whether a contract has a significant financing component. The company treats shipping and handling activities performed after the customer obtains control of the good as a contract fulfillment activity. Sales, use and value added taxes assessed by governmental authorities are excluded from the measurement of the transaction price within the company’s contracts with its customers. The company generally expenses sales commissions when incurred because the amortization period would have been less than one year. These costs are recorded within selling, general and administrative expenses. Within the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups, the estimated standalone selling price of equipment is based on observable prices. Within the Food Processing Equipment Group, the company estimates the standalone selling price based on expected cost to manufacture the good or complete the service plus an appropriate profit margin. Control may pass to the customer over time or at a point in time. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under our long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. Installation services provided in connection with the delivery of the equipment are also generally recognized as those services are rendered. Over time transfer of control is measured using an appropriate input measure (e.g., costs incurred or direct labor hours incurred in relation to total estimate). These measures include forecasts based on the best information available and therefore reflect the company's judgment to faithfully depict the transfer of the goods. Contract Estimates Accounting for long-term contracts within the Food Processing Equipment group involves the use of various techniques to estimate total contract revenue and costs. For the company’s long-term contracts, estimated profit for the equipment performance obligations is recognized as the equipment is manufactured and assembled. Profit on the equipment performance obligations is estimated as the difference between the total estimated revenue and expected costs to complete a contract. Contract cost estimates are based on labor productivity and availability, the complexity of the work to be performed, the cost and availability of materials and labor, and the performance of subcontractors. The company does not disclose information about remaining performance obligations that have original expected durations of one year or less. Contracts within the Commercial Foodservice and Residential Foodservice Equipment groups may contain variable consideration in the form of volume rebate programs. The company’s estimate of variable consideration is based on its experience with similarly situated customers using the portfolio approach. Disaggregation of Revenue We disaggregate our net sales by reportable operating segment and geographical location as we believe it best depicts how the nature, timing and uncertainty of our net sales and cash flows are affected by economic factors. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under our long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. The following table summarizes our net sales by reportable operating segment and geographical location (in thousands): Commercial Food Processing Residential Kitchen Total Twelve Months Ended December 30, 2023 United States and Canada $ 1,828,416 $ 479,312 $ 513,333 $ 2,821,061 Asia 233,039 40,208 12,611 285,858 Europe and Middle East 369,823 145,293 258,201 773,317 Latin America 90,193 55,805 10,371 156,369 Total $ 2,521,471 $ 720,618 $ 794,516 $ 4,036,605 Twelve Months Ended December 31, 2022 United States and Canada $ 1,750,986 $ 426,124 $ 701,909 $ 2,879,019 Asia 212,182 20,306 32,121 264,609 Europe and Middle East 364,120 100,239 303,840 768,199 Latin America 67,474 43,300 10,252 121,026 Total $ 2,394,762 $ 589,969 $ 1,048,122 $ 4,032,853 Twelve Months Ended January 1, 2022 United States and Canada $ 1,417,506 $ 364,894 $ 454,375 $ 2,236,775 Asia 204,380 17,693 11,154 233,227 Europe and Middle East 344,242 77,702 265,508 687,452 Latin America 48,244 38,846 6,248 93,338 Total $ 2,014,372 $ 499,135 $ 737,285 $ 3,250,792 Contract Balances Contract assets primarily relate to the company's right to consideration for work completed but not billed at the reporting date and are recorded in prepaid expenses and other in the Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Contract liabilities relate to advance consideration received from customers for which revenue has not been recognized. Current contract liabilities are recorded in accrued expenses in the Consolidated Balance Sheet. Non-current contract liabilities are recorded in other non-current liabilities in the Consolidated Balance Sheet. Contract liabilities are reduced when the associated revenue from the contract is recognized. The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands): December 30, 2023 December 31, 2022 Contract assets $ 47,072 $ 40,438 Contract liabilities $ 118,681 $ 185,824 Non-current contract liabilities $ 15,721 $ 12,495 During the twelve months period ended December 30, 2023, the company reclassified $29.6 million to accounts receivable which was included in the contract asset balance at the beginning of the period. During the twelve months period ended December 30, 2023, the company recognized revenue of $161.7 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 $121.8 million during the twelve months period ended December 30, 2023. Substantially all of the company's outstanding performance obligations will be satisfied within 12 to 36 months. There were no contract asset impairments during twelve months period ended December 30, 2023.

Common and Preferred Stock

Common and Preferred Stock	12 Months Ended
Common and Preferred Stock	Dec. 30, 2023
Stockholders' Equity Note [Abstract]
Common and Preferred Stock	COMMON AND PREFERRED STOCK (a) Shares Authorized At December 30, 2023 and December 31, 2022, the company had 95,000,000 authorized shares of common stock and 2,000,000 authorized shares of non-voting preferred stock. (b) Treasury Stock In November 2017, the company's Board of Directors approved a stock repurchase program authorizing the company to repurchase in the aggregate up to 2,500,000 shares of its outstanding common stock. In May 2022, the company's Board of Directors approved the company to repurchase an additional 2,500,000 shares of its outstanding common stock under the current program. During 2022, the company repurchased 1,553,961 shares of its common stock under the program for $249.0 million, including applicable commissions, which represented an average price of $160.27. During 2023, the company repurchased 397,738 shares of its common stock under the program for $55.6 million, including applicable commissions and excise tax, which represented an average price of $139.68. As of December 30, 2023, 3,116,364 shares had been purchased under the 2017 stock repurchase program and 1,883,636 remain authorized for repurchase. The company also treats shares withheld for tax purposes on behalf of employees in connection with the vesting of restricted share grants as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. During 2022, the company repurchased 90,243 shares of its common stock that were surrendered to the company for withholding taxes related to restricted stock vestings for $15.8 million. During 2023, the company repurchased 126,704 shares of its common stock that were surrendered to the company for withholding taxes related to restricted stock vestings for $19.8 million. (c) Share-Based Awards The company maintains an incentive plan under which the company's Board of Directors grants share-based awards to key employees. On May 10, 2021, the 2021 Stock Incentive Plan (the "2021 Plan") was approved, which included a maximum amount of 1,350,000 shares allowed to be awarded plus the shares remaining for future grants under the 2011 Stock Incentive Plan (the "2011 Plan") as of the approval date and any shares outstanding that are subsequently forfeited or expired. Thus, no further shares are available to grant under the 2011 Plan and the maximum amount of shares available for future grants under the 2021 Plan as of December 30, 2023 is 987,922. Non-cash share-based compensation of $51.0 million, $58.4 million and $42.3 million was recognized for fiscal 2023, 2022 and 2021, respectively, associated with restricted share grants and restricted stock units. The company recorded a related tax benefit of $0.8 million, $1.3 million and less than $0.4 million in fiscal 2023, 2022 and 2021, respectively. Restricted share grants: The company has issued restricted share grant awards, which are generally time and performance based and were not subject to market conditions. The fair value of restricted share grants represents the closing share price of the company's stock as of the date of the grant and is recognized over the vesting period of the awards. The weighted average grant date fair value was $136.13, $188.31 and $181.31 per share for restricted share grants in fiscal 2023, 2022 and 2021 respectively, which represents the closing share price of the company’s stock as of the date of grant. The approximate fair value of restricted shares vested were $0.6 million, $29.1 million, $7.3 million for fiscal 2023, 2022 and 2021, respectively. A summary of the company’s nonvested restricted share grant activity and their corresponding fair value on the date of grant for fiscal year ended December 30, 2023 is as follows: Shares Weighted Nonvested shares at December 31, 2022 14,356 $ 134.43 Granted 2,080 136.13 Vested (3,840) 188.31 Forfeited (10,516) 114.34 Nonvested shares at December 30, 2023 2,080 $ 136.13 As of December 30, 2023, there was $0.1 million of total unrecognized compensation cost related to nonvested restricted share grant compensation arrangements, if all performance conditions are fully achieved. The remaining weighted average life is 0.3 years. Restricted stock units: During 2020, the company began granting restricted stock units, which entitle the holder to shares of common stock subject to time vesting and the achievement of certain market and performance goals. The fair value for time-based units are valued at the closing share price of the company’s stock as of the date of the grant and the fair value for performance units are based upon valuations using the Monte Carlo Methodology. Compensation expense is recognized over the performance measurement period of the units in accordance with ASC 718 Stock Compensation for awards with market and performance vesting conditions. Time vesting units vest equally over two or three years and performance units vest based on achievement of certain company performance criteria over the two or three year period, as set forth in the grant agreement ranging from 0 to 200% of the target shares granted. The weighted average grant date fair value was $147.13, $150.07 and $166.41 per share for restricted stock units in fiscal 2023, 2022 and 2021, respectively. The approximate fair value of restricted stock units vested were $30.1 million for fiscal 2023. A summary of the company’s nonvested restricted stock unit activity at target shares and their corresponding fair value on the date of grant for fiscal year ended December 30, 2023 is as follows: Units Weighted Nonvested shares at December 31, 2022 521,455 $ 157.55 Granted 333,031 147.13 Vested (194,690) 144.11 Forfeited (8,065) 158.33 Nonvested shares at December 30, 2023 651,731 $ 160.15 As of December 30, 2023, there was $70.8 million of total unrecognized compensation cost related to nonvested restricted stock unit compensation arrangements, if all performance conditions are fully achieved. The remaining weighted average life is 1.76 years.

Financial Instruments

Financial Instruments	12 Months Ended
Financial Instruments	Dec. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS Derivatives are measured at fair value and recognized as either assets or liabilities. Derivatives that do not qualify as a hedge must be adjusted to fair value in earnings. If a derivative does qualify, changes in the fair value will either be offset against the change in the fair value of the hedged assets, liabilities or firm commitments or recognized in other accumulated comprehensive income until the hedged item is recognized in earnings. (a) Foreign Exchange The company periodically enters into derivative instruments, principally forward contracts to reduce exposures pertaining to fluctuations in foreign exchange rates. The notional amount of foreign currency contracts outstanding was $253.1 million and $562.5 million as of December 30, 2023 and December 31, 2022, respectively. The fair value of these forward contracts was an unrealized gain of less than $0.1 million at the end of the year. (b) Interest Rate The company has entered into interest rate swaps to fix the interest rate applicable to certain of its variable-rate debt. Prior to July 1, 2023, the company amended its Credit Facility and the existing interest rate swap agreements to transition the interest reference rate from one-month LIBOR to one-month SOFR. There were no other changes to the company's Credit Facility or timing of cash flows. The amendment was entered into because the LIBOR rate historically used was no longer published after June 30, 2023. The company utilized expedients within ASC 848 to conclude that this amendment should be treated as a non-substantial modification of the existing contract, resulting in no impact to the company's consolidated financial statements. The company has designated these swaps as cash flow hedges and all changes in fair value of the swaps are recognized in accumulated other comprehensive income. The fair value of these instruments was an asset of $42.8 million and an asset of $65.0 million as of December 30, 2023 and December 31, 2022, respectively. The change in fair value of these swap agreements in 2023 was a loss of $16.5 million, net of taxes. A summary of the company’s interest rate swaps is as follows (in thousands): Twelve Months Ended Location Dec 30, 2023 Dec 31, 2022 Fair value Prepaid expenses $ 2,897 $ 6,805 Fair value Other assets $ 39,882 $ 58,180 Amount of gain/(loss) recognized in other comprehensive income Other comprehensive income $ 10,015 $ 79,472 Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ 32,221 $ (3,503) Interest rate swaps are subject to default risk to the extent the counterparty is unable to satisfy its settlement obligations under the interest rate swap agreements. The company reviews the credit profile of the financial institutions that are counterparties to such swap agreements and assesses their creditworthiness prior to entering into the interest rate swap agreements and throughout the term. The interest rate swap agreements typically contain provisions that allow the counterparty to require early settlement in the event that the company becomes insolvent or is unable to maintain compliance with its covenants under its existing debt agreement.

Lease Commitments

Lease Commitments	12 Months Ended
Lease Commitments	Dec. 30, 2023
Leases [Abstract]
Lessee, Operating Leases	LEASE COMMITMENTS Accounting Policy At the commencement date of a lease, the company recognizes a liability to make lease payments and an asset representing the right to use the underlying asset during the lease term. The lease liability is measured at the present value of lease payments over the lease term, including variable fees that are known or subject to a minimum floor. The lease liability includes lease component fees, while non-lease component fees are expensed as incurred for all asset classes. The company's lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. When a contract excludes an implicit rate, the company utilizes an incremental borrowing rate based on information available at the lease commencement date including lease term and geographic region. The initial valuation of the right-of-use (“ROU”) asset includes the initial measurement of the lease liability, lease payments made in advance of the lease commencement date and initial direct costs incurred by the company and excludes lease incentives. Operating lease ROU assets are included in other assets and operating lease liabilities are included in accrued expenses and other non-current liabilities. Leases with an initial term of 12 months or less are classified as short-term leases and are not recorded on the Consolidated Balance Sheets. The lease expense for short-term leases is recognized on a straight-line basis over the lease term. Leases The company leases warehouse space, office facilities and equipment under operating leases. The company has operating lease costs of $39.6 million, $35.7 million and $31.5 million in fiscal 2023, 2022 and 2021 respectively, including short-term lease expense and variable lease costs, which were immaterial in the year. Leases (in thousands) December 30, 2023 December 31, 2022 Operating lease right-of-use assets: Other assets $ 109,373 $ 102,314 Operating lease liabilities: Accrued expenses 26,417 25,250 Other non-current liabilities 87,550 80,242 Total Liability $ 113,967 $ 105,492 Total Lease Commitments (in thousands) Operating Leases 2024 $ 29,818 2025 25,794 2026 22,028 2027 16,381 2028 12,432 2029 and thereafter 19,028 Total future lease commitments 125,481 Less imputed interest 11,514 Total $ 113,967 Other Lease Information (in thousands, except lease term and discount rate) Twelve Months Ended December 30, 2023 Twelve Months Ended December 31, 2022 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 30,117 $ 28,104 Right-of-use assets obtained in exchange for lease obligations: Operating leases 28,524 20,725 December 30, 2023 December 31, 2022 Weighted-average remaining lease terms - Operating 5.2 years 5.5 years Weighted-average discount rate - Operating 3.6 % 2.9 %

Segment Information

Segment Information	12 Months Ended
Segment Information	Dec. 30, 2023
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The company operates in three reportable operating segments defined by management reporting structure and operating activities. The Commercial Foodservice Equipment Group manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. The Food Processing Equipment Group manufactures preparation, cooking, packaging food handling and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The chief operating decision maker evaluates individual segment performance based on operating income. Management believes that intersegment sales are made at established arm's length transfer prices. The following table summarizes the results of operations for the company’s business segments (1) (dollars in thousands): Commercial Food Residential Kitchen Corporate and Other (2) Total 2023 Net sales $ 2,521,471 $ 720,618 $ 794,516 $ — $ 4,036,605 Income (loss) from operations (3) 616,224 158,469 (12,450) (127,375) 634,868 Depreciation expense (4) 27,323 7,949 13,637 1,507 50,416 Amortization expense (5) 56,728 9,271 9,052 7,137 82,188 Net capital expenditures 39,272 14,999 25,960 4,948 85,179 Total assets 3,751,746 1,009,857 1,941,204 203,885 6,906,692 Long-lived assets (6) 340,375 98,920 227,131 95,021 761,447 2022 Net sales $ 2,394,762 $ 589,969 $ 1,048,122 $ — $ 4,032,853 Income (loss) from operations (3) 548,536 107,459 127,948 (144,339) 639,604 Depreciation expense (4) 24,299 6,045 13,596 679 44,619 Amortization expense (5) 54,872 14,034 17,376 7,159 93,441 Net capital expenditures 28,718 13,957 20,604 4,010 67,289 Total assets 3,788,245 983,797 1,972,351 130,473 6,874,866 Long-lived assets (6) 318,457 84,370 151,499 108,478 662,804 2021 Net sales $ 2,014,372 $ 499,135 $ 737,285 $ — $ 3,250,792 Income (loss) from operations (3,7,8) 421,717 95,818 124,701 (12,244) 629,992 Depreciation expense (4) 23,742 5,673 12,655 611 42,681 Amortization expense (5) 54,461 9,696 11,628 6,777 82,562 Net capital expenditures 26,022 9,596 9,232 1,701 46,551 Total assets 3,520,821 639,061 2,153,758 69,958 6,383,598 Long-lived assets (6) 291,320 56,207 169,028 41,112 557,667 (1) Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. (2) Includes corporate and other general company assets and operations. (3) Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details. (4) Includes depreciation on right of use assets. (5) Includes amortization of deferred financing costs and Convertible Notes issuance costs. (6) Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets. (7) Termination fee from Welbilt merger is included in Corporate and Other. (8) Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021. Geographic Information Long-lived assets, not including goodwill and other intangibles (in thousands): 2023 2022 2021 United States and Canada $ 502,479 $ 471,375 $ 379,431 Asia 40,849 35,965 17,818 Europe and Middle East 205,621 142,326 152,384 Latin America 12,498 13,138 8,034 Total International 258,968 191,429 178,236 $ 761,447 $ 662,804 $ 557,667

Employee Retirement Plans

Employee Retirement Plans	12 Months Ended
Employee Retirement Plans	Dec. 30, 2023
Retirement Benefits [Abstract]
Employee Retirement Plans	EMPLOYEE RETIREMENT PLANS (a) Pension Plans U.S. Plans: The company maintains a non-contributory defined benefit plan for its union employees at the Elgin, Illinois facility. Benefits are determined based upon retirement age and years of service with the company. This defined benefit plan was frozen on April 30, 2002, and no further benefits accrue to the participants beyond this date. Plan participants will receive or continue to receive payments for benefits earned on or prior to April 30, 2002 upon reaching retirement age. The company maintains a non-contributory defined benefit plan for its employees at the Smithville, Tennessee facility. Benefits are determined based upon retirement age and years of service with the company. This defined benefit plan was frozen on April 1, 2008, and no further benefits accrue to the participants beyond this date. Plan participants will receive or continue to receive payments for benefits earned on or prior to April 1, 2008 upon reaching retirement age. The company also maintains a retirement benefit agreement with its former Chairman ("Chairman Plan"). The retirement benefits are based upon a percentage of the former Chairman’s final base salary. Non-U.S. Plans: The company maintains a defined benefit plan for its employees at the Wrexham, the United Kingdom facility. Benefits are determined based upon retirement age and years of service with the company. This defined benefit plan was frozen on April 30, 2010 and no further benefits accrue to the participants beyond this date. Plan participants will receive or continue to receive payments for benefits earned on or prior to April 30, 2010 upon reaching retirement age. The company maintains several pension plans related to AGA and its subsidiaries (collectively, the "AGA Group"), the most significant being the Aga Rangemaster Group Pension Scheme in the United Kingdom. Membership in the plan on a defined benefit basis of pension provision was closed to new entrants in 2001. The plan became open to new entrants on a defined contribution basis of pension provision in 2002 but was generally closed to new entrants on this basis during 2014. In December 2020, it was agreed that the Group Pension Scheme will be closed to future pension accruals effective April 5, 2021. The other, much smaller, defined benefit pension plans operating within the AGA Group cover employees in France and the United Kingdom. All pension plan assets are held in separate trust funds although the net defined benefit pension obligations are included in the company's consolidated balance sheet. A summary of the plans’ net periodic pension cost, benefit obligations, funded status, and net balance sheet position is as follows (dollars in thousands) Fiscal 2023 Fiscal 2022 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net Periodic Pension Cost (Benefit): Interest cost 1,315 46,046 923 25,032 Expected return on assets (873) (58,766) (1,073) (74,581) Amortization of net loss 420 186 758 3,671 Amortization of prior service cost — 2,601 — 2,589 $ 862 $ (9,933) $ 608 $ (43,289) Change in Benefit Obligation: Benefit obligation – beginning of year $ 27,550 $ 946,153 $ 36,423 $ 1,544,147 Interest on benefit obligations 1,315 46,046 923 25,032 Actuarial loss (gain) 539 1,970 (8,060) (409,462) Net benefit payments (1,745) (59,018) (1,736) (59,682) Exchange effect — 53,955 — (153,882) Benefit obligation – end of year $ 27,659 $ 989,106 $ 27,550 $ 946,153 Change in Plan Assets: Plan assets at fair value – beginning of year $ 14,998 $ 943,757 $ 18,289 $ 1,342,601 Company contributions 1,114 6,012 1,173 5,442 Investment gain (loss) 1,384 81,945 (2,728) (207,270) Benefit payments and plan expenses (1,745) (59,018) (1,736) (59,682) Exchange effect — 54,725 — (137,334) Plan assets at fair value – end of year $ 15,751 $ 1,027,421 $ 14,998 $ 943,757 Funded Status: Unfunded benefit obligation $ (11,908) $ 38,315 $ (12,552) $ (2,396) Amounts recognized in balance sheet at year end: Accrued pension benefits $ (11,908) $ 38,315 $ (12,552) $ (2,396) Fiscal 2023 Fiscal 2022 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Pre-tax components in accumulated other comprehensive income at period end: Net actuarial loss $ 2,011 $ 103,705 $ 2,402 $ 121,292 Pre-tax components recognized in other comprehensive income for the period: Current year actuarial gain $ 28 $ (17,079) $ (4,259) $ (148,515) Actuarial loss recognized (420) (150) (758) (4,272) Prior service cost recognized — (360) — (7,666) Total amount recognized $ (392) $ (17,589) $ (5,017) $ (160,453) Accumulated Benefit Obligation $ 27,659 $ 989,081 $ 27,550 $ 946,136 Salary growth rate n/a 0.8 % n/a 0.8 % Assumed discount rate 4.8 % 4.6 % 4.9 % 4.8 % Expected return on assets 6.0 % 6.2 % 6.0 % 6.2 % The company has engaged non-affiliated third-party professional investment advisors to assist the company in developing its investment policy and establishing asset allocations. The company's overall investment objective is to provide a return, that along with company contributions, is expected to meet future benefit payments. Investment policy is established in consideration of anticipated future timing of benefit payments under the plans. The anticipated duration of the investment and the potential for investment losses during that period are carefully weighed against the potential for appreciation when making investment decisions. The company routinely monitors the performance of investments made under the plans and reviews investment policy in consideration of changes made to the plans or expected changes in the timing of future benefit payments. The assets of the plans were invested in the following classes of securities (none of which were securities of the company): U.S. Plans: Target Allocation Percentage of Plan Assets 2023 2022 Equity 48 % 43 % 45 % Fixed income 40 42 40 Money market 4 6 5 Other (real estate investment trusts & commodities contracts) 8 9 10 100 % 100 % 100 % Non-U.S. Plans: Target Allocation Percentage of Plan Assets 2023 2022 Equity 17 % 11 % 10 % Fixed income 38 69 55 Alternatives/Other 32 5 19 Real Estate 13 9 10 Cash and cash equivalents — 6 6 100 % 100 % 100 % In accordance with ASC 820 Fair Value Measurements and Disclosures , the company has measured its defined benefit pension plans at fair value. In accordance with ASU 2015-04, "Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets", the company has elected to measure the pension plan assets and obligations as of the calendar month end closest to the fiscal year end. The following tables summarize the basis used to measure the pension plans’ assets at fair value as of December 30, 2023 and December 31, 2022 (in thousands): U.S. Plans: Fiscal 2023 Fiscal 2022 Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Net Asset Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Net Asset Value Short Term Investment Fund (a) $ 920 $ — $ 920 $ 771 $ — $ 771 Equity Securities: Large Cap 2,862 2,862 — 2,818 2,818 — Mid Cap 373 373 — 555 555 — Small Cap 388 388 — 329 329 — International 3,218 3,218 — 3,002 3,002 — Fixed Income: Government/Corporate 4,776 4,776 — 4,973 4,973 — High Yield 1,063 1,063 — 1,041 1,041 — Other 705 705 — — — — Alternative: Global Real Estate Investment Trust 663 663 — 602 602 — Commodities Contracts 783 783 — 907 907 — Total $ 15,751 $ 14,831 $ 920 $ 14,998 $ 14,227 $ 771 (a) Represents collective short term investment fund, composed of high-grade money market instruments with short maturities. Non-U.S. Plans: Fiscal 2023 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 64,285 $ 10,175 $ 25,777 $ — $ 28,333 Equity Securities: UK 3,665 45 — — 3,620 International: Developed 89,498 1,738 — — 87,760 Emerging 20,698 168 — — 20,530 Unquoted/Private Equity 282 — — — 282 Fixed Income: Government/Corporate: UK 247,618 11,049 — — 236,569 International 133,279 — — — 133,279 Index Linked 322,408 2,088 — — 320,320 Other 3,222 — — — 3,222 Real Estate: Direct 91,993 — 91,993 — — Indirect 1,768 37 — — 1,731 Hedge Fund Strategy: Equity Long/Short 8,361 — — — 8,361 Arbitrage & Event 10,731 — — — 10,731 Directional Trading & Fixed Income 315 — — — 315 Cash & Other 162,812 — — — 162,812 Direct Sourcing 913 — — — 913 Leveraged Loans 14,475 — — — 14,475 Alternative/Other (148,902) 1,060 — — (149,962) Total $ 1,027,421 $ 26,360 $ 117,770 $ — $ 883,291 Fiscal 2022 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 52,041 $ 5,372 $ 7,372 $ — $ 39,297 Equity Securities: UK 3,677 68 — — 3,609 International: Developed 70,611 2,634 — — 67,977 Emerging 18,642 298 — — 18,344 Unquoted/Private Equity 2,083 — — — 2,083 Fixed Income: Government/Corporate: UK 191,868 8,933 — — 182,935 International 127,485 — — — 127,485 Index Linked 199,220 1,433 — — 197,787 Other 1,806 — — — 1,806 Real Estate: Direct 83,280 — 83,280 — — Indirect 5,073 58 — — 5,015 Hedge Fund Strategy: Equity Long/Short 30,266 — — — 30,266 Arbitrage & Event 22,398 — — — 22,398 Directional Trading & Fixed Income 6,099 — — — 6,099 Cash & Other 169,504 — — — 169,504 Direct Sourcing 4,014 — — — 4,014 Leveraged Loans 8,539 — — — 8,539 Alternative/Other (52,849) 1,583 — — (54,432) Total $ 943,757 $ 20,379 $ 90,652 $ — $ 832,726 The fair value of the Level 1 assets is based on observable, quoted market prices of the identical underlying security in an active market. The fair value of the Level 2 assets is primarily based on market observable inputs to quoted market prices, benchmark yields and broker/dealer quotes. Level 3 inputs, as applicable, represent unobservable inputs that reflect assumptions developed by management to measure assets at fair value. The expected return on assets is developed in consideration of the anticipated duration of investment period for assets held by the plan, the allocation of assets in the plan, and the historical returns for plan assets. Estimated future benefit payments under the plans are as follows (dollars in thousands): U.S. Non-U.S. 2024 $ 1,849 $ 58,680 2025 1,867 59,708 2026 1,906 59,409 2027 1,944 59,459 2028 through 2033 11,534 356,302 Expected contributions to the U.S. Plans and Non-U.S. Plans to be made in 2024 are $0.6 million and $5.8 million, respectively. (b) Defined Contribution Plans As of December 30, 2023, the company maintained two separate defined contribution 401(k) savings plans covering all employees in the United States. These two plans separately cover the union employees at the Elgin, Illinois facility and all other remaining union and non-union employees in the United States. The company also maintained defined contribution plans for its UK based employees.

Restructuring and Acquisition I

Restructuring and Acquisition Integration Initiatives	12 Months Ended
Restructuring and Acquisition Integration Initiatives	Dec. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	RESTRUCTURING AND ACQUISITION INTEGRATION INITIATIVES Residential Kitchen Equipment Group: During fiscal years 2023 and 2022, the company initiated cost reduction initiatives related to the Residential Kitchen Equipment Group including headcount reductions and facility consolidations. These actions resulted in expenses of $9.4 million and $5.1 million, in the twelve months ended December 30, 2023 and December 31, 2022, respectively. These actions are reflected in the restructuring expenses in the Consolidated Statements of Earnings. The primary realization of cost savings from the restructuring initiatives began in 2023 with expected annual savings of approximately $12.0 million. At December 30, 2023, the restructuring obligations accrued for these initiatives are immaterial and will be substantially complete by the end of fiscal year 2024.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 30, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts and Reserves	SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES FOR THE FISCAL YEARS ENDED DECEMBER 30, 2023, DECEMBER 31, 2022 AND January 1, 2022 (amounts in thousands) Balance Additions/ Other Adjustments (1) Write-Offs Balance Allowance for doubtful accounts; deducted from accounts receivable on the balance sheets- 2023 $ 20,295 $ 5,886 $ 973 $ (3,690) $ 23,464 2022 $ 18,770 $ 4,311 $ 776 $ (3,562) $ 20,295 2021 $ 19,225 $ 809 $ 554 $ (1,818) $ 18,770 (1) Amounts consist primarily of valuation allowances assumed from acquired companies. Balance Additions/ Write-Offs Balance Valuation allowance - Deferred tax assets 2023 $ 11,599 $ 4,150 $ — $ 15,749 2022 $ 10,222 $ 1,377 $ — $ 11,599 2021 $ 11,731 $ 1,138 $ (2,647) $ 10,222

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 30, 2023
Accounting Policies [Abstract]
Non-Cash Share-Based Compensation	Non-Cash Share-Based Compensation The company's 2021 Stock Incentive Plan (the "2021 Plan"), allows for the granting of stock options, stock appreciation rights, restricted stock and restricted stock units, performance stock, phantom units and other equity-based awards. The company estimates the fair value of restricted stock grants, restricted stock units and performance stock units at the time of grant and recognizes compensation costs over the vesting period of the grants. The expense, net of forfeitures, is recognized using the straight-line method. Non-cash share-based compensation expense is only recognized for those grants expected to vest. See Note 6, "Common and Preferred Stock," for further information on the company's share-based incentive plans.
Earnings Per Share	Earnings Per Share “Basic earnings per share” is calculated based upon the weighted average number of common shares actually outstanding, and “diluted earnings per share” is calculated based upon the weighted average number of common shares outstanding and other dilutive securities. The company’s potentially dilutive securities amounted to 509,000, 852,000 and 1,449,000 for fiscal 2023, 2022 and 2021, respectively. The company's potentially dilutive securities consist of shares issuable on vesting of restricted stock units computed using the treasury method and amounted to approximately 67,000, 73,000 and 56,000 for fiscal 2023, 2022 and 2021, respectively. During fiscal 2023 2022 and 2021, the average market price of the company's common stock exceeded the exercise price of the Convertible Notes (as defined below) resulting in approximately 442,000, 779,000 and 1,393,000 diluted common stock equivalents to be included in the diluted net earnings per share, respectively. There have been no material conversions to date. See Note 5, Financing Arrangements, in these Notes to the Consolidated Financial Statements for further details on the Convertible Notes. There were no anti-dilutive equity awards excluded from common stock equivalents for 2023, 2022 or 2021.
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of the company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The company's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses as well as related disclosures. Significant items that are subject to such estimates and judgments include allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves and post-retirement obligations. On an ongoing basis, the company evaluates its estimates and assumptions based on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions.
Fiscal Period	The company's fiscal year ends on the Saturday nearest December 31. Fiscal years 2023, 2022, and 2021 ended on December 30, 2023, December 31, 2022 and January 1, 2022, respectively, with each year including 52 weeks. Certain prior year amounts have been reclassified to be consistent with current year presentation.
Cash and Cash Equivalents	Cash and Cash Equivalents The company considers all short-term investments with original maturities of three months or less when acquired to be cash equivalents. The company’s policy is to invest its excess cash in interest-bearing deposits with major banks that are subject to minimal credit and market risk.
Accounts Receivable	Accounts Receivable Accounts receivable, as shown in the consolidated balance sheets, are net of allowances for doubtful accounts of $23.5 million and $20.3 million at December 30, 2023 and December 31, 2022, respectively. At December 30, 2023, all accounts receivable are expected to be collected within one year.
Inventories	InventoriesInventories are composed of material, labor and overhead and are stated at the lower of cost or net realizable value. Costs for inventory have been determined using the first-in, first-out ("FIFO") method. The company estimates reserves for inventory obsolescence and shrinkage based on its judgment of future realization.
Warranty Costs	Warranty Costs In the normal course of business, the company issues product warranties for specific product lines and provides for the estimated future warranty cost in the period in which the sale is recorded. The estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Because warranty estimates are forecasts that are based on the best available information, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable.
Shipping and Handling Costs	Shipping and Handling Costs Fees billed to the customer for shipping and handling are classified as a component of net revenues. Shipping and handling costs are included in cost of products sold.
Foreign Currency	Foreign Currency The income statements of the company’s foreign operations are translated at the monthly average rates. Assets and liabilities of the company’s foreign operations are translated at exchange rates at the balance sheet date. These translation adjustments are not included in determining net income for the period but are disclosed and accumulated in a separate component of stockholders’ equity. Exchange gains and losses on foreign currency transactions are included in determining net income for the period in which they occur. These transactions amounted to a loss of $8.7 million, loss of $28.1 million and a gain of $0.3 million in 2023, 2022 and 2021, respectively, and are included in other expense on the statements of earnings.
Fair Value Measures	Fair Value Measures ASC 820 Fair Value Measurements and Disclosures defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels: Level 1 – Quoted prices in active markets for identical assets or liabilities Level 2 – Inputs, other than quoted prices in active markets, which are observable either directly or indirectly Level 3 – Unobservable inputs based on our own assumptions
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 such matter will have a material adverse effect on its financial condition, results of operations or cash flows of the company.
Goodwill and Other Intangibles	Goodwill and Other Intangibles The company’s business acquisitions result in the recognition of goodwill and other intangible assets, which are a significant portion of the company’s total assets. Goodwill represents the excess of acquisition costs over the fair value of the net tangible assets and identifiable intangible assets acquired in a business combination. Identifiable intangible assets are recognized separately from goodwill and include trademarks and trade names, technology, customer relationships and other specifically identifiable assets. Trademarks and trade names are deemed to be indefinite-lived. Goodwill and indefinite-lived intangible assets are not amortized but are subject to impairment testing. The company performs the annual impairment assessment for goodwill and indefinite-lived intangible assets as of first day of the fourth quarter of the fiscal year and more frequently if indicators of impairment exist. The goodwill impairment test is performed at the reporting unit level. The company initially performs a qualitative analysis to determine if it is more likely than not that the goodwill balance or indefinite-life intangible asset is impaired. In conducting a qualitative assessment, the company analyzes a variety of events or factors that may influence the fair value of the reporting unit or indefinite-life intangible, including, but not limited to: macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, share price and other relevant factors. If an indicator of impairment is determined from the qualitative analysis, then the company will perform a quantitative analysis. The fair value of each reporting unit is compared to its carrying value. If the fair value of the reporting unit is less than its carrying value, the resulting difference will be a charge to impairment of goodwill in the Consolidated Statements of Earnings in the period in which the determination is made. Fair value is determined using a combination of present value techniques and market prices of comparable businesses.
Research and Development Costs	Research and Development Costs Research and development costs, included in cost of sales in the consolidated statements of earnings, are charged to expense when incurred. These costs were $53.1 million, $48.9 million and $41.8 million in fiscal 2023, 2022 and 2021, respectively.
New Accounting Pronouncements	New Accounting Pronouncements Accounting Pronouncements - Recently Adopted In March 2020, the Financial Accounting Standards Board (the " FASB") issued Accounting Standards Update ("ASU") 2 020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, which amends ASU 2020-04 and clarifies the scope and guidance of Topic 848 to allow for derivatives impacted by the rate reform to qualify for certain optional expedients and exceptions for contract modifications and hedge accounting. The guidance is optional and is effective for a limited period of time. In December 2022, the FASB also issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, to defer the sunset date of ASC 848 from December 31, 2022, to December 31, 2024. These new standards were effective upon issuance and generally can be applied to applicable contract modifications. All of the company's agreements previously utilizing LIBOR have transitioned to Secured Overnight Financing Rate ("SOFR") on or before July 1, 2023. These changes did not have a material impact on its Consolidated Financial Statements and disclosures. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The new accounting rules require entities to apply “Revenue from Contracts with Customers (Topic 606)” to recognize and measure contract assets and contract liabilities in a business combination. The new accounting rules were effective for the Company in the first quarter of 2023. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832), Disclosures by Business Entities About Government Assistance, which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements, and any significant terms and conditions of the agreements, including commitments and contingencies. The new standard is effective for the company as of January 1, 2023 and only impacts annual financial statement footnote disclosures. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this update eliminate the accounting guidance for troubled debt restructurings by creditors while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors made to borrowers experiencing financial difficulty. The amendments also require disclosure of current-period gross write-offs by year of origination for financing receivables. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The standard should be applied prospectively, and it allows for a modified retrospective transition method resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method. The new standard expands and clarifies the use of the portfolio layer method for fair value hedges of interest rate risk. The new standard allows non-prepayable financial assets to also be included in a closed portfolio hedged using the portfolio layer method. The standard is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The new guidance on hedging multiple layers in a closed portfolio should be applied prospectively and the guidance on the accounting for fair value basis adjustments should be applied on a modified retrospective basis. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. Accounting Pronouncements - To be adopted In March 2023, the FASB issued Accounting Standards Update ASU 2023-01, Leases (Topic 842): Common Control Arrangements. This ASU clarified the accounting for leasehold improvements for leases under common control. The guidance is effective for the company beginning on January 1, 2024. The company is currently evaluating the impact the adoption of this guidance will have on its Consolidated Financial Statements and disclosures. In November 2023, the FASB issued Accounting Standard Update ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendment requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker, as well as disclosure of the title and position of the Chief Operating Decision Maker (“CODM”). The guidance is effective for the company beginning on January 1, 2024. Early adoption is permitted. The company is currently evaluating the impact the adoption of this guidance will have on its Consolidated Financial Statements and disclosures. In December 2023, the FASB issued Accounting Standard Update ASU No. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands the disclosures required in an entity’s income tax rate reconciliation table. This ASU requires consistent categories and greater disaggregation of information presented in the effective tax rate reconciliation and requires disclosure of income taxes paid both domestic and foreign jurisdictions. The guidance is effective for the company beginning on January 1, 2025 and is required to be applied prospectively, with retrospective application to prior periods allowed. Early adoption is permitted. The company is currently evaluating the impact the adoption of this guidance will have on its Consolidated Financial Statements and disclosures.
Property, Plant and Equipment	Property, plant and equipment are depreciated or amortized on a straight-line basis over their useful lives based on management's estimates of the period over which the assets will be utilized to benefit the operations of the company. The useful lives are estimated based on historical experience with similar assets, taking into account anticipated technological or other changes. The company periodically reviews these lives relative to physical factors, economic factors and industry trends. If there are changes in the planned use of property and equipment or if technological changes were to occur more rapidly than anticipated, the useful lives assigned to these assets may need to be shortened, resulting in the recognition of increased depreciation and amortization expense in future periods. Following is a summary of the estimated useful lives: Description Life Building and improvements 20 to 40 years Furniture and fixtures 3 to 7 years Machinery and equipment 3 to 10 years

Revenue Recognition (Policies)

Revenue Recognition (Policies)	12 Months Ended
Revenue Recognition (Policies)	Dec. 30, 2023
Revenue Recognition [Abstract]
Revenue Recognition	Revenue is recognized when the control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and represents the unit of account. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The company’s contracts can have multiple performance obligations or just a single performance obligation. For contracts with multiple performance obligations, the contracts transaction price is allocated to each performance obligation using the company’s best estimate of the standalone selling price of each distinct good or service in the contract. As the company’s standard payment terms are less than one year, the company does not assess whether a contract has a significant financing component. The company treats shipping and handling activities performed after the customer obtains control of the good as a contract fulfillment activity. Sales, use and value added taxes assessed by governmental authorities are excluded from the measurement of the transaction price within the company’s contracts with its customers. The company generally expenses sales commissions when incurred because the amortization period would have been less than one year. These costs are recorded within selling, general and administrative expenses. Within the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups, the estimated standalone selling price of equipment is based on observable prices. Within the Food Processing Equipment Group, the company estimates the standalone selling price based on expected cost to manufacture the good or complete the service plus an appropriate profit margin. Control may pass to the customer over time or at a point in time. In general, the Commercial Foodservice Equipment and Residential Foodservice Equipment Groups recognize revenue at the point in time control transfers to their customers based on contractual shipping terms. Revenue from equipment sold under our long-term contracts within the Food Processing Equipment group is recognized over time as the equipment is manufactured and assembled. Installation services provided in connection with the delivery of the equipment are also generally recognized as those services are rendered. Over time transfer of control is measured using an appropriate input measure (e.g., costs incurred or direct labor hours incurred in relation to total estimate). These measures include forecasts based on the best information available and therefore reflect the company's judgment to faithfully depict the transfer of the goods. Contract Estimates Accounting for long-term contracts within the Food Processing Equipment group involves the use of various techniques to estimate total contract revenue and costs. For the company’s long-term contracts, estimated profit for the equipment performance obligations is recognized as the equipment is manufactured and assembled. Profit on the equipment performance obligations is estimated as the difference between the total estimated revenue and expected costs to complete a contract. Contract cost estimates are based on labor productivity and availability, the complexity of the work to be performed, the cost and availability of materials and labor, and the performance of subcontractors. The company does not disclose information about remaining performance obligations that have original expected durations of one year or less. Contracts within the Commercial Foodservice and Residential Foodservice Equipment groups may contain variable consideration in the form of volume rebate programs. The company’s estimate of variable consideration is based on its experience with similarly situated customers using the portfolio approach.

Leases Commitments (Policies)

Leases Commitments (Policies)	12 Months Ended
Leases Commitments (Policies)	Dec. 30, 2023
Leases [Abstract]
Lease commitments policy	Accounting Policy At the commencement date of a lease, the company recognizes a liability to make lease payments and an asset representing the right to use the underlying asset during the lease term. The lease liability is measured at the present value of lease payments over the lease term, including variable fees that are known or subject to a minimum floor. The lease liability includes lease component fees, while non-lease component fees are expensed as incurred for all asset classes. The company's lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. When a contract excludes an implicit rate, the company utilizes an incremental borrowing rate based on information available at the lease commencement date including lease term and geographic region. The initial valuation of the right-of-use (“ROU”) asset includes the initial measurement of the lease liability, lease payments made in advance of the lease commencement date and initial direct costs incurred by the company and excludes lease incentives. Operating lease ROU assets are included in other assets and operating lease liabilities are included in accrued expenses and other non-current liabilities.

Aqcuisitions and Purchase Accou

Aqcuisitions and Purchase Accounting (Tables)	12 Months Ended
Aqcuisitions and Purchase Accounting (Tables)	Dec. 30, 2023
Business Acquisition [Line Items]
Schedule of Business Acquisition Pro Forma Information	The following pro forma results include adjustments to reflect amortization of intangibles associated with the acquisitions and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): Twelve Months Ended December 30, 2023 December 31, 2022 Net sales $ 4,046,332 $ 4,160,826 Net earnings 403,484 426,167 Net earnings per share: Basic $ 7.53 $ 7.88 Diluted $ 7.46 $ 7.76
2022 Acquisitions
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The final allocation of consideration paid for the other 2022 acquisitions is summarized as follows (in thousands): Preliminary Opening Balance Sheet Measurement Adjusted Opening Balance Sheet Cash $ 25,860 $ 159 $ 26,019 Current assets 115,264 (8,911) 106,353 Property, plant and equipment 44,598 615 45,213 Goodwill 139,633 11,358 150,991 Other intangibles 93,147 7,018 100,165 Long-term deferred tax asset 426 635 1,061 Other assets 1,420 3,414 4,834 Current portion of long-term debt (22,841) 2,043 (20,798) Current liabilities (57,158) (4,029) (61,187) Long term debt (5,646) (3,995) (9,641) Long-term deferred tax liability (23,137) 2,049 (21,088) Other non-current liabilities (19,061) (8,019) (27,080) Consideration paid at closing $ 292,505 $ 2,337 $ 294,842 Deferred payments — 1,970 1,970 Contingent consideration 19,105 3,969 23,074 Net assets acquired and liabilities assumed $ 311,610 $ 8,276 $ 319,886
2023 Acquisitions
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2023 acquisitions and are summarized as follows (in thousands): Preliminary Opening Balance Sheet Preliminary Measurement Adjusted Opening Balance Sheet Cash $ 3,102 $ — $ 3,102 Current assets 9,964 188 10,152 Property, plant and equipment 21,954 (39) 21,915 Goodwill 38,422 2,726 41,148 Other intangibles 34,337 (722) 33,615 Other assets — 5 5 Current liabilities (3,774) (1,147) (4,921) Long-term deferred tax liability (958) 16 (942) Other non-current liabilities (12,099) (216) (12,315) Consideration paid at closing $ 90,948 $ 811 $ 91,759 Contingent consideration 14,743 216 14,959 Net assets acquired and liabilities assumed $ 105,691 $ 1,027 $ 106,718

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 30, 2023
Accounting Policies [Abstract]
Schedule of Inventory, Current	Inventories at December 30, 2023 and December 31, 2022 are as follows (in thousands): 2023 2022 Raw materials and parts $ 495,488 $ 595,325 Work in process 80,102 86,083 Finished goods 360,277 396,321 $ 935,867 $ 1,077,729
Property, Plant and Equipment	Property, plant and equipment are carried at cost as follows (in thousands): 2023 2022 Land $ 73,060 $ 65,794 Building and improvements 346,527 306,004 Furniture and fixtures 69,438 59,438 Machinery and equipment 361,401 311,864 850,426 743,100 Less accumulated depreciation (339,528) (299,572) $ 510,898 $ 443,528
Schedule Of Useful Lives For Property Plant Equipment	Following is a summary of the estimated useful lives: Description Life Building and improvements 20 to 40 years Furniture and fixtures 3 to 7 years Machinery and equipment 3 to 10 years
Schedule of Goodwill	Goodwill is allocated to the business segments as follows (in thousands): Commercial Food Residential Kitchen Total Balance as of January 1, 2022 $ 1,298,369 $ 237,433 $ 707,667 $ 2,243,469 Goodwill acquired during the year 30,107 112,254 2,266 144,627 Measurement period adjustments to goodwill acquired in prior year 923 — 75,344 76,267 Exchange effect (19,623) 616 (33,522) (52,529) Balance as of December 31, 2022 $ 1,309,776 $ 350,303 $ 751,755 $ 2,411,834 Goodwill acquired during the year 9,640 17,922 13,586 41,148 Measurement period adjustments to goodwill acquired in prior year 4,825 1,540 6,365 Exchange effect 4,815 5,452 16,696 26,963 Balance as of December 30, 2023 $ 1,329,056 $ 375,217 $ 782,037 $ 2,486,310
Schedule Of Intangible Assets By Major Class	Intangible assets consist of the following (in thousands): December 30, 2023 December 31, 2022 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer relationships 7.0 $ 845,326 $ (529,533) 7.6 $ 839,811 $ (460,885) Backlog 0.0 — — 0.1 8,301 (6,352) Developed technology 8.3 98,593 (44,546) 8.3 79,763 (35,797) $ 943,919 $ (574,079) $ 927,875 $ (503,034) Indefinite-lived intangible assets: Trademarks and trade names $ 1,323,236 $ 1,369,391
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization expense of intangible assets is as follows (in thousands): 2024 $ 63,606 2025 57,400 2026 54,208 2027 45,687 2028 39,380 2029 and thereafter 109,559 $ 369,840
Schedule of Accrued Liabilities	Accrued expenses consist of the following at December 30, 2023 and December 31, 2022, respectively (in thousands): 2023 2022 Contract liabilities $ 118,681 $ 185,824 Accrued payroll and related expenses 121,514 122,861 Accrued warranty 89,039 82,096 Accrued customer rebates 59,267 70,706 Accrued short-term leases 26,417 25,250 Accrued sales and other tax 24,568 24,044 Accrued professional fees 18,461 19,541 Accrued contingent consideration 17,791 20,529 Accrued agent commission 16,956 17,381 Accrued product liability and workers compensation 11,169 11,326 Other accrued expenses 75,329 91,769 $ 579,192 $ 671,327
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the components of accumulated other comprehensive income (loss) as reported in the consolidated balance sheets (in thousands): 2023 2022 Unrecognized pension benefit costs, net of tax of $3,998 and $(1,995) $ (109,713) $ (121,701) Unrealized gain on interest rate swap, net of tax of $11,198 and $16,836 32,005 48,574 Currency translation adjustments (145,490) (205,345) $ (223,198) $ (278,472) Changes in accumulated other comprehensive income (loss) (1) were as follows (in thousands): Currency Translation Adjustment Pension Benefit Costs Unrealized Gain/(Loss) Interest Rate Swap Unrealized Loss Certain Investments Total Balance as of January 1, 2022 $ (97,654) $ (249,696) $ (13,064) 1,330 $ (359,084) Other comprehensive income before reclassification (107,691) 117,840 58,135 (1,330) 66,954 Amounts reclassified from accumulated other comprehensive income — 10,155 3,503 — 13,658 Net current-period other comprehensive income $ (107,691) $ 127,995 $ 61,638 (1,330) $ 80,612 Balance as of December 31, 2022 $ (205,345) $ (121,701) $ 48,574 $ — $ (278,472) Other comprehensive income before reclassification 59,855 11,392 15,652 — 86,899 Amounts reclassified from accumulated other comprehensive income — 596 (32,221) — (31,625) Net current-period other comprehensive income $ 59,855 $ 11,988 $ (16,569) $ — $ 55,274 Balance as of December 30, 2023 $ (145,490) $ (109,713) $ 32,005 $ — $ (223,198)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The company’s financial assets and liabilities that are measured at fair value are categorized using the fair value hierarchy at December 30, 2023 and December 31, 2022 are as follows (in thousands): Fair Value Fair Value Fair Value Total As of December 30, 2023 Financial Assets: Interest rate swaps $ — $ 42,779 $ — $ 42,779 Foreign exchange derivative contracts $ — $ 29 $ — $ 29 Financial Liabilities: Contingent consideration $ — $ — $ 51,538 $ 51,538 As of December 31, 2022 Financial Assets: Interest rate swaps $ — $ 64,985 $ — $ 64,985 Financial Liabilities: Contingent consideration $ — $ — $ 47,242 $ 47,242 Foreign exchange derivative contracts $ — $ 474 $ — $ 474
Schedule of Product Warranty Liability	A rollforward of the warranty reserve for the fiscal years 2023 and 2022 are as follows (in thousands): 2023 2022 Beginning balance $ 82,096 $ 80,215 Warranty reserve related to acquisitions 595 3,607 Warranty expense 89,122 70,774 Warranty claims paid (82,774) (72,500) Ending balance $ 89,039 $ 82,096
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings	The following table represents changes in the fair value of the contingent consideration liabilities for the fiscal years 2023 and 2022: December 30, 2023 December 31, 2022 Beginning balance $ 47,242 $ 34,983 Payments of contingent consideration (6,871) (5,103) New contingent consideration 15,534 22,299 Changes in fair value (4,367) (4,937) Ending balance $ 51,538 $ 47,242

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
Revenue Recognition (Tables)	Dec. 30, 2023
Revenue Recognition [Abstract]
Disaggregation of Revenue	The following table summarizes our net sales by reportable operating segment and geographical location (in thousands): Commercial Food Processing Residential Kitchen Total Twelve Months Ended December 30, 2023 United States and Canada $ 1,828,416 $ 479,312 $ 513,333 $ 2,821,061 Asia 233,039 40,208 12,611 285,858 Europe and Middle East 369,823 145,293 258,201 773,317 Latin America 90,193 55,805 10,371 156,369 Total $ 2,521,471 $ 720,618 $ 794,516 $ 4,036,605 Twelve Months Ended December 31, 2022 United States and Canada $ 1,750,986 $ 426,124 $ 701,909 $ 2,879,019 Asia 212,182 20,306 32,121 264,609 Europe and Middle East 364,120 100,239 303,840 768,199 Latin America 67,474 43,300 10,252 121,026 Total $ 2,394,762 $ 589,969 $ 1,048,122 $ 4,032,853 Twelve Months Ended January 1, 2022 United States and Canada $ 1,417,506 $ 364,894 $ 454,375 $ 2,236,775 Asia 204,380 17,693 11,154 233,227 Europe and Middle East 344,242 77,702 265,508 687,452 Latin America 48,244 38,846 6,248 93,338 Total $ 2,014,372 $ 499,135 $ 737,285 $ 3,250,792
Contract with Customer, Asset and Liability	The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands): December 30, 2023 December 31, 2022 Contract assets $ 47,072 $ 40,438 Contract liabilities $ 118,681 $ 185,824 Non-current contract liabilities $ 15,721 $ 12,495

Financing Arrangements (Tables)

Financing Arrangements (Tables)	12 Months Ended
Financing Arrangements (Tables)	Dec. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	2023 2022 (in thousands) Senior secured revolving credit line $ — $ 251,805 Term loan facility 945,913 975,785 Delayed draw term loan facility 726,563 750,000 Convertible senior notes 741,501 737,918 Foreign loans 10,531 5,917 Other debt arrangement 687 899 Total debt 2,425,195 2,722,324 Less: Current maturities of long-term debt 44,822 45,583 Long-term debt $ 2,380,373 $ 2,676,741
Carrying Value And Fair Value Of Long Term Debt, Disclosure	The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt excluding the Convertible Notes is as follows (in thousands): Dec 30, 2023 Dec 31, 2022 Carrying Value Fair Value Carrying Value Fair Value Total debt excluding convertible senior notes $ 1,683,694 $ 1,687,781 $ 1,984,406 $ 1,989,871
Convertible Debt	The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes: Dec 30, 2023 Dec 31, 2022 (in thousands) Principal amounts: Principal $ 747,499 $ 747,499 Unamortized issuance costs (5,998) (9,581) Net carrying amount $ 741,501 $ 737,918
Schedule of Debt Instruments, Interest Expense	The following table summarizes total interest expense recognized related to the Convertible Notes: Twelve Months Ended Dec 30, 2023 Dec 31, 2022 Jan 1, 2022 Contractual interest expense $ 7,454 $ 7,475 $ 7,454 Interest cost related to amortization of debt issuance costs 3,583 3,587 3,484 Total interest expense $ 11,037 $ 11,062 $ 10,938
Schedule of Maturities of Long-term Debt	2024 $ 44,822 2025 785,304 2026 1,589,014 2027 755 2028 and thereafter 5,300 $ 2,425,195

Common and Preferred Stock (Tab

Common and Preferred Stock (Tables)	12 Months Ended
Common and Preferred Stock (Tables)	Dec. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	A summary of the company’s nonvested restricted share grant activity and their corresponding fair value on the date of grant for fiscal year ended December 30, 2023 is as follows: Shares Weighted Nonvested shares at December 31, 2022 14,356 $ 134.43 Granted 2,080 136.13 Vested (3,840) 188.31 Forfeited (10,516) 114.34 Nonvested shares at December 30, 2023 2,080 $ 136.13
Schedule of Unvested Restricted Stock Units Roll Forward	A summary of the company’s nonvested restricted stock unit activity at target shares and their corresponding fair value on the date of grant for fiscal year ended December 30, 2023 is as follows: Units Weighted Nonvested shares at December 31, 2022 521,455 $ 157.55 Granted 333,031 147.13 Vested (194,690) 144.11 Forfeited (8,065) 158.33 Nonvested shares at December 30, 2023 651,731 $ 160.15
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable	0.3 years

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Earnings Before Taxes	Earnings before taxes is summarized as follows (in thousands): 2023 2022 2021 Domestic $ 346,815 $ 383,813 $ 453,357 Foreign 172,563 180,602 166,147 Total $ 519,378 $ 564,415 $ 619,504
Schedule of Provision of Taxes	The provision for income taxes is summarized as follows (in thousands): 2023 2022 2021 Federal $ 67,023 $ 62,416 $ 84,689 State and local 15,934 23,892 24,363 Foreign 35,539 41,538 21,960 Total $ 118,496 $ 127,846 $ 131,012 Current $ 120,901 $ 134,488 $ 124,149 Deferred (2,405) (6,642) 6,863 Total $ 118,496 $ 127,846 $ 131,012
Schedule of Effective Income Tax Reconciliation	Reconciliation of the differences between income taxes computed at the federal statutory rate to the effective rate are as follows: 2023 2022 2021 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 3.1 3.3 3.1 Permanent differences 0.6 0.9 0.5 Foreign income tax rate at rates other than U.S. statutory 0.2 0.2 0.2 Deferred tax changes — — (2.2) Change in valuation allowances — — 0.4 Tax on unremitted earnings 0.4 0.3 0.4 Federal Refund — — (0.7) Internal restructuring — (2.3) — Other (2.5) (0.7) (1.6) Consolidated effective tax 22.8 % 22.7 % 21.1 %
Schedule of Deferred Assets and Liabilities	At December 30, 2023 and December 31, 2022, the company had recorded the following deferred tax assets and liabilities (in thousands): 2023 2022 Deferred tax assets: Compensation related $ 29,135 $ 26,273 Pension and post-retirement benefits 1,435 1,640 Inventory reserves 27,311 26,134 Accrued liabilities and reserves 22,017 21,743 Warranty reserves 20,956 17,593 Operating lease liability 22,096 19,890 Basis difference on affiliates 12,099 14,473 Capitalized R&D costs 39,585 19,381 Convertible debt 15,860 25,637 Net operating loss carryforwards 12,989 12,964 Other 22,871 14,879 Gross deferred tax assets 226,354 200,607 Valuation allowance (15,749) (11,599) Deferred tax assets $ 210,605 $ 189,008 Deferred tax liabilities: Intangible assets $ (310,847) $ (306,814) Depreciable assets (40,036) (32,267) Operating lease right-of-use assets (21,139) (19,240) Interest rate swaps (10,927) (16,836) Pension and post-retirement benefits (9,719) — Other (26,135) (27,317) Deferred tax liabilities $ (418,803) $ (402,474) Net deferred tax assets (liabilities) $ (208,198) $ (213,466) Long-term deferred asset 7,945 6,738 Long-term deferred liability (216,143) (220,204) Net deferred tax assets (liabilities) $ (208,198) $ (213,466)
Schedule of Unrecognized Tax Benefits	The following table summarizes the activity related to the unrecognized tax benefits for the fiscal years ended January 1, 2022, December 31, 2022 and December 30, 2023 (in thousands): Balance at January 1, 2022 $ 36,209 Increases to current year tax positions 2,195 Increase to prior year tax positions 534 Decrease to prior year tax positions (1,709) Settlements (1,974) Lapse of statute of limitations (1,607) Balance at December 31, 2022 $ 33,648 Increases to current year tax positions 2,126 Lapse of statute of limitations (1,852) Balance as of December 30, 2023 $ 33,922

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
Financial Instruments (Tables)	Dec. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	A summary of the company’s interest rate swaps is as follows (in thousands): Twelve Months Ended Location Dec 30, 2023 Dec 31, 2022 Fair value Prepaid expenses $ 2,897 $ 6,805 Fair value Other assets $ 39,882 $ 58,180 Amount of gain/(loss) recognized in other comprehensive income Other comprehensive income $ 10,015 $ 79,472 Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) Interest expense $ 32,221 $ (3,503)

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
Lease Commitments (Tables)	Dec. 30, 2023
Leases [Abstract]
Lease, Cost	Leases (in thousands) December 30, 2023 December 31, 2022 Operating lease right-of-use assets: Other assets $ 109,373 $ 102,314 Operating lease liabilities: Accrued expenses 26,417 25,250 Other non-current liabilities 87,550 80,242 Total Liability $ 113,967 $ 105,492
Lessee, Operating Lease, Liability, Maturity	Total Lease Commitments (in thousands) Operating Leases 2024 $ 29,818 2025 25,794 2026 22,028 2027 16,381 2028 12,432 2029 and thereafter 19,028 Total future lease commitments 125,481 Less imputed interest 11,514 Total $ 113,967
Other Lease Information	Other Lease Information (in thousands, except lease term and discount rate) Twelve Months Ended December 30, 2023 Twelve Months Ended December 31, 2022 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 30,117 $ 28,104 Right-of-use assets obtained in exchange for lease obligations: Operating leases 28,524 20,725 December 30, 2023 December 31, 2022 Weighted-average remaining lease terms - Operating 5.2 years 5.5 years Weighted-average discount rate - Operating 3.6 % 2.9 %

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
Segment Information (Tables)	Dec. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table summarizes the results of operations for the company’s business segments (1) (dollars in thousands): Commercial Food Residential Kitchen Corporate and Other (2) Total 2023 Net sales $ 2,521,471 $ 720,618 $ 794,516 $ — $ 4,036,605 Income (loss) from operations (3) 616,224 158,469 (12,450) (127,375) 634,868 Depreciation expense (4) 27,323 7,949 13,637 1,507 50,416 Amortization expense (5) 56,728 9,271 9,052 7,137 82,188 Net capital expenditures 39,272 14,999 25,960 4,948 85,179 Total assets 3,751,746 1,009,857 1,941,204 203,885 6,906,692 Long-lived assets (6) 340,375 98,920 227,131 95,021 761,447 2022 Net sales $ 2,394,762 $ 589,969 $ 1,048,122 $ — $ 4,032,853 Income (loss) from operations (3) 548,536 107,459 127,948 (144,339) 639,604 Depreciation expense (4) 24,299 6,045 13,596 679 44,619 Amortization expense (5) 54,872 14,034 17,376 7,159 93,441 Net capital expenditures 28,718 13,957 20,604 4,010 67,289 Total assets 3,788,245 983,797 1,972,351 130,473 6,874,866 Long-lived assets (6) 318,457 84,370 151,499 108,478 662,804 2021 Net sales $ 2,014,372 $ 499,135 $ 737,285 $ — $ 3,250,792 Income (loss) from operations (3,7,8) 421,717 95,818 124,701 (12,244) 629,992 Depreciation expense (4) 23,742 5,673 12,655 611 42,681 Amortization expense (5) 54,461 9,696 11,628 6,777 82,562 Net capital expenditures 26,022 9,596 9,232 1,701 46,551 Total assets 3,520,821 639,061 2,153,758 69,958 6,383,598 Long-lived assets (6) 291,320 56,207 169,028 41,112 557,667 (1) Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. (2) Includes corporate and other general company assets and operations. (3) Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details. (4) Includes depreciation on right of use assets. (5) Includes amortization of deferred financing costs and Convertible Notes issuance costs. (6) Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets. (7) Termination fee from Welbilt merger is included in Corporate and Other. (8) Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021.
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): 2023 2022 2021 United States and Canada $ 502,479 $ 471,375 $ 379,431 Asia 40,849 35,965 17,818 Europe and Middle East 205,621 142,326 152,384 Latin America 12,498 13,138 8,034 Total International 258,968 191,429 178,236 $ 761,447 $ 662,804 $ 557,667

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	12 Months Ended
Employee Retirement Plans (Tables)	Dec. 30, 2023
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	A summary of the plans’ net periodic pension cost, benefit obligations, funded status, and net balance sheet position is as follows (dollars in thousands) Fiscal 2023 Fiscal 2022 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Net Periodic Pension Cost (Benefit): Interest cost 1,315 46,046 923 25,032 Expected return on assets (873) (58,766) (1,073) (74,581) Amortization of net loss 420 186 758 3,671 Amortization of prior service cost — 2,601 — 2,589 $ 862 $ (9,933) $ 608 $ (43,289) Change in Benefit Obligation: Benefit obligation – beginning of year $ 27,550 $ 946,153 $ 36,423 $ 1,544,147 Interest on benefit obligations 1,315 46,046 923 25,032 Actuarial loss (gain) 539 1,970 (8,060) (409,462) Net benefit payments (1,745) (59,018) (1,736) (59,682) Exchange effect — 53,955 — (153,882) Benefit obligation – end of year $ 27,659 $ 989,106 $ 27,550 $ 946,153 Change in Plan Assets: Plan assets at fair value – beginning of year $ 14,998 $ 943,757 $ 18,289 $ 1,342,601 Company contributions 1,114 6,012 1,173 5,442 Investment gain (loss) 1,384 81,945 (2,728) (207,270) Benefit payments and plan expenses (1,745) (59,018) (1,736) (59,682) Exchange effect — 54,725 — (137,334) Plan assets at fair value – end of year $ 15,751 $ 1,027,421 $ 14,998 $ 943,757 Funded Status: Unfunded benefit obligation $ (11,908) $ 38,315 $ (12,552) $ (2,396) Amounts recognized in balance sheet at year end: Accrued pension benefits $ (11,908) $ 38,315 $ (12,552) $ (2,396) Fiscal 2023 Fiscal 2022 U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans Pre-tax components in accumulated other comprehensive income at period end: Net actuarial loss $ 2,011 $ 103,705 $ 2,402 $ 121,292 Pre-tax components recognized in other comprehensive income for the period: Current year actuarial gain $ 28 $ (17,079) $ (4,259) $ (148,515) Actuarial loss recognized (420) (150) (758) (4,272) Prior service cost recognized — (360) — (7,666) Total amount recognized $ (392) $ (17,589) $ (5,017) $ (160,453) Accumulated Benefit Obligation $ 27,659 $ 989,081 $ 27,550 $ 946,136 Salary growth rate n/a 0.8 % n/a 0.8 % Assumed discount rate 4.8 % 4.6 % 4.9 % 4.8 % Expected return on assets 6.0 % 6.2 % 6.0 % 6.2 %
Schedule of Allocation of Plan Assets	The assets of the plans were invested in the following classes of securities (none of which were securities of the company): U.S. Plans: Target Allocation Percentage of Plan Assets 2023 2022 Equity 48 % 43 % 45 % Fixed income 40 42 40 Money market 4 6 5 Other (real estate investment trusts & commodities contracts) 8 9 10 100 % 100 % 100 % Non-U.S. Plans: Target Allocation Percentage of Plan Assets 2023 2022 Equity 17 % 11 % 10 % Fixed income 38 69 55 Alternatives/Other 32 5 19 Real Estate 13 9 10 Cash and cash equivalents — 6 6 100 % 100 % 100 %
Pension Plans Fair Value Of Investments	The following tables summarize the basis used to measure the pension plans’ assets at fair value as of December 30, 2023 and December 31, 2022 (in thousands): U.S. Plans: Fiscal 2023 Fiscal 2022 Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Net Asset Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Net Asset Value Short Term Investment Fund (a) $ 920 $ — $ 920 $ 771 $ — $ 771 Equity Securities: Large Cap 2,862 2,862 — 2,818 2,818 — Mid Cap 373 373 — 555 555 — Small Cap 388 388 — 329 329 — International 3,218 3,218 — 3,002 3,002 — Fixed Income: Government/Corporate 4,776 4,776 — 4,973 4,973 — High Yield 1,063 1,063 — 1,041 1,041 — Other 705 705 — — — — Alternative: Global Real Estate Investment Trust 663 663 — 602 602 — Commodities Contracts 783 783 — 907 907 — Total $ 15,751 $ 14,831 $ 920 $ 14,998 $ 14,227 $ 771 (a) Represents collective short term investment fund, composed of high-grade money market instruments with short maturities. Non-U.S. Plans: Fiscal 2023 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 64,285 $ 10,175 $ 25,777 $ — $ 28,333 Equity Securities: UK 3,665 45 — — 3,620 International: Developed 89,498 1,738 — — 87,760 Emerging 20,698 168 — — 20,530 Unquoted/Private Equity 282 — — — 282 Fixed Income: Government/Corporate: UK 247,618 11,049 — — 236,569 International 133,279 — — — 133,279 Index Linked 322,408 2,088 — — 320,320 Other 3,222 — — — 3,222 Real Estate: Direct 91,993 — 91,993 — — Indirect 1,768 37 — — 1,731 Hedge Fund Strategy: Equity Long/Short 8,361 — — — 8,361 Arbitrage & Event 10,731 — — — 10,731 Directional Trading & Fixed Income 315 — — — 315 Cash & Other 162,812 — — — 162,812 Direct Sourcing 913 — — — 913 Leveraged Loans 14,475 — — — 14,475 Alternative/Other (148,902) 1,060 — — (149,962) Total $ 1,027,421 $ 26,360 $ 117,770 $ — $ 883,291 Fiscal 2022 Asset Category Total Quoted Prices Significant Significant Net Asset Value Cash and cash equivalents $ 52,041 $ 5,372 $ 7,372 $ — $ 39,297 Equity Securities: UK 3,677 68 — — 3,609 International: Developed 70,611 2,634 — — 67,977 Emerging 18,642 298 — — 18,344 Unquoted/Private Equity 2,083 — — — 2,083 Fixed Income: Government/Corporate: UK 191,868 8,933 — — 182,935 International 127,485 — — — 127,485 Index Linked 199,220 1,433 — — 197,787 Other 1,806 — — — 1,806 Real Estate: Direct 83,280 — 83,280 — — Indirect 5,073 58 — — 5,015 Hedge Fund Strategy: Equity Long/Short 30,266 — — — 30,266 Arbitrage & Event 22,398 — — — 22,398 Directional Trading & Fixed Income 6,099 — — — 6,099 Cash & Other 169,504 — — — 169,504 Direct Sourcing 4,014 — — — 4,014 Leveraged Loans 8,539 — — — 8,539 Alternative/Other (52,849) 1,583 — — (54,432) Total $ 943,757 $ 20,379 $ 90,652 $ — $ 832,726
Schedule of Expected Benefit Payments	Estimated future benefit payments under the plans are as follows (dollars in thousands): U.S. Non-U.S. 2024 $ 1,849 $ 58,680 2025 1,867 59,708 2026 1,906 59,409 2027 1,944 59,459 2028 through 2033 11,534 356,302

Nature of Operations (Details)

Nature of Operations (Details)	12 Months Ended
Nature of Operations (Details)	Dec. 30, 2023 segment
Regulatory Assets [Line Items]
Number of operating segments	3
United States
Regulatory Assets [Line Items]
Number of manufacturing plants	44
International
Regulatory Assets [Line Items]
Number of manufacturing plants	35

Termination of Welbilt Merger (

Termination of Welbilt Merger (Details) - USD ($) $ in Thousands		12 Months Ended
	Jul. 14, 2021	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Business Acquisition [Line Items]
Merger termination fee		$ 0	$ 0	$ 110,000
Welbilt
Business Acquisition [Line Items]
Merger termination fee	$ 110,000
Business Acquisition, Transaction Costs				$ 19,700

Acquisitions and Purchase Accou

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed -2022 Acquisiton s (Details) - USD ($)	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Business Acquisition [Line Items]
Goodwill	$ 2,486,310,000	$ 2,411,834,000	$ 2,243,469,000
Deferred Policy Acquisition Costs, Period Increase (Decrease)	1,970,000
Deferred Policy Acquisition Cost, Capitalization	0
Accrued contingent consideration	17,791,000	20,529,000
Food Processing Group
Business Acquisition [Line Items]
Goodwill	375,217,000	350,303,000	237,433,000
Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	1,329,056,000	1,309,776,000	1,298,369,000
Residential Kitchen
Business Acquisition [Line Items]
Goodwill	782,037,000	751,755,000	$ 707,667,000
2022 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	26,019,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	106,353,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	45,213,000
Goodwill	150,991,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	100,165,000
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	1,061,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	4,834,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-Term Debt	(20,798,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(61,187,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt	(9,641,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(21,088,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(27,080,000)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	294,842,000
Accrued contingent consideration	23,074,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	319,886,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(20,000,000)
Business Acquisition, Goodwill, Expected Tax Deductible Amount	21,500,000
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	11,900,000
2022 Acquisitions \| Food Processing Group
Business Acquisition [Line Items]
Goodwill	113,800,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	63,800,000
2022 Acquisitions \| Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	34,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	35,600,000
2022 Acquisitions \| Residential Kitchen
Business Acquisition [Line Items]
Goodwill	2,300,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	800,000
2022 Acquisitions \| Tradenames And Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	46,000,000
2022 Acquisitions \| Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 31,500,000
2022 Acquisitions \| Customer Relationships \| Minimum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2022 Acquisitions \| Customer Relationships \| Maximum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
2022 Acquisitions \| Developed Technology Rights
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 16,000,000
2022 Acquisitions \| Developed Technology Rights \| Minimum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
2022 Acquisitions \| Developed Technology Rights \| Maximum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	11 years
2022 Acquisitions \| Backlog
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 6,700,000
2022 Acquisitions \| Backlog \| Minimum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
2022 Acquisitions \| Backlog \| Maximum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 months
2022 Acquisitions \| Book and tax difference, identifiable intangible assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	$ 20,800,000
2022 Acquisitions \| Book and tax difference, identifiable tangible assets and liabilities
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(800,000)
2023 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	3,102,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	10,152,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	21,915,000
Goodwill	41,148,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	33,615,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	5,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,921,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(942,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(12,315,000)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	91,759,000
Accrued contingent consideration	14,959,000	$ 23,100,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	106,718,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(900,000)
Business Acquisition, Goodwill, Expected Tax Deductible Amount	39,500,000
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	32,200,000
2023 Acquisitions \| Food Processing Group
Business Acquisition [Line Items]
Goodwill	17,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	7,800,000
2023 Acquisitions \| Commercial Foodservice Equipment Group
Business Acquisition [Line Items]
Goodwill	9,600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	14,100,000
2023 Acquisitions \| Residential Kitchen
Business Acquisition [Line Items]
Goodwill	13,600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	11,700,000
2023 Acquisitions \| Tradenames And Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	17,900,000
2023 Acquisitions \| Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 7,200,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2023 Acquisitions \| Developed Technology Rights
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 7,900,000
2023 Acquisitions \| Developed Technology Rights \| Minimum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2023 Acquisitions \| Developed Technology Rights \| Maximum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
2023 Acquisitions \| Backlog
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 600,000
2023 Acquisitions \| Backlog \| Minimum
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 months
2023 Acquisitions \| Book and tax difference, identifiable intangible assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	$ 300,000
2023 Acquisitions \| Book and tax difference, identifiable tangible assets and liabilities
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	600,000
Previously Reported \| 2022 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	25,860,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	115,264,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	44,598,000
Goodwill	139,633,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	93,147,000
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	426,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	1,420,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-Term Debt	(22,841,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(57,158,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt	(5,646,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(23,137,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(19,061,000)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	292,505,000
Accrued contingent consideration	19,105,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	311,610,000
Previously Reported \| 2023 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	3,102,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	9,964,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	21,954,000
Goodwill	38,422,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	34,337,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(3,774,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(958,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(12,099,000)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	90,948,000
Accrued contingent consideration	14,743,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	105,691,000
Measurement period adjustment \| 2022 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	159,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	(8,911,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	615,000
Goodwill	11,358,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	7,018,000
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	635,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	3,414,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-Term Debt	2,043,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,029,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt	(3,995,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	2,049,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(8,019,000)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	2,337,000
Accrued contingent consideration	3,969,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	8,276,000
Measurement period adjustment \| 2023 Acquisitions
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	188,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(39,000)
Goodwill	2,726,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(722,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	5,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(1,147,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	16,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(216,000)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	811,000
Accrued contingent consideration	216,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	1,027,000
Scenario One
Business Acquisition [Line Items]
Deferred Policy Acquisition Costs, Period Increase (Decrease)	$ 1,970,000

Acquisitions and Purchase Acc_2

Acquisitions and Purchase Accounting Estimated Fair Value of Assets Acquired and Liabilities Assumed - 2023 Acquisition (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	$ 2,486,310	$ 2,411,834	$ 2,243,469
Accrued contingent consideration	17,791	20,529
Food Processing Group
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	375,217	350,303	237,433
Commercial Foodservice Equipment Group
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	1,329,056	1,309,776	1,298,369
Residential Kitchen
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	782,037	751,755	$ 707,667
2023 Acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	3,102
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	10,152
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	21,915
Goodwill	41,148
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	33,615
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,921)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(942)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(12,315)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	91,759
Accrued contingent consideration	14,959	$ 23,100
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	106,718
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(900)
Business Acquisition, Goodwill, Expected Tax Deductible Amount	39,500
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	32,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	5
2023 Acquisitions \| Food Processing Group
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	17,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	7,800
2023 Acquisitions \| Commercial Foodservice Equipment Group
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	9,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	14,100
2023 Acquisitions \| Residential Kitchen
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	13,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	11,700
2023 Acquisitions \| Customer Relationships
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 7,200
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2023 Acquisitions \| Developed Technology Rights
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 7,900
2023 Acquisitions \| Developed Technology Rights \| Minimum
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2023 Acquisitions \| Developed Technology Rights \| Maximum
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
2023 Acquisitions \| Backlog
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 600
2023 Acquisitions \| Backlog \| Minimum
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 months
2023 Acquisitions \| Tradenames And Trademarks
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 17,900
2023 Acquisitions \| Book and tax difference, identifiable intangible assets
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	300
2023 Acquisitions \| Book and tax difference, identifiable tangible assets and liabilities
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	600
2022 Acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	26,019
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	106,353
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	45,213
Goodwill	150,991
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	100,165
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(61,187)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(21,088)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(27,080)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	294,842
Accrued contingent consideration	23,074
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	319,886
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(20,000)
Business Acquisition, Goodwill, Expected Tax Deductible Amount	21,500
Business Combination, Intangible Assets, Other than Goodwill, Expected Tax Deductible Amount	11,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	4,834
2022 Acquisitions \| Food Processing Group
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	113,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	63,800
2022 Acquisitions \| Commercial Foodservice Equipment Group
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	34,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	35,600
2022 Acquisitions \| Residential Kitchen
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill	2,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	800
2022 Acquisitions \| Customer Relationships
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 31,500
2022 Acquisitions \| Customer Relationships \| Minimum
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
2022 Acquisitions \| Customer Relationships \| Maximum
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
2022 Acquisitions \| Developed Technology Rights
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 16,000
2022 Acquisitions \| Developed Technology Rights \| Minimum
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
2022 Acquisitions \| Developed Technology Rights \| Maximum
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	11 years
2022 Acquisitions \| Backlog
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 6,700
2022 Acquisitions \| Backlog \| Minimum
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 months
2022 Acquisitions \| Backlog \| Maximum
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 months
2022 Acquisitions \| Tradenames And Trademarks
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 46,000
2022 Acquisitions \| Book and tax difference, identifiable intangible assets
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	20,800
2022 Acquisitions \| Book and tax difference, identifiable tangible assets and liabilities
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net	(800)
Previously Reported \| 2023 Acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	3,102
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	9,964
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	21,954
Goodwill	38,422
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	34,337
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(3,774)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(958)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(12,099)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	90,948
Accrued contingent consideration	14,743
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	105,691
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	0
Previously Reported \| 2022 Acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	25,860
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	115,264
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	44,598
Goodwill	139,633
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	93,147
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(57,158)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(23,137)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(19,061)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	292,505
Accrued contingent consideration	19,105
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	311,610
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	1,420
Measurement period adjustment \| 2023 Acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [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	188
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	(39)
Goodwill	2,726
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	(722)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(1,147)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	16
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(216)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	811
Accrued contingent consideration	216
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	1,027
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	5
Measurement period adjustment \| 2022 Acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	159
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	(8,911)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	615
Goodwill	11,358
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	7,018
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,029)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	2,049
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(8,019)
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Initial Consideration, Net	2,337
Accrued contingent consideration	3,969
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	8,276
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	$ 3,414

Acquisitions and Purchase Acc_3

Acquisitions and Purchase Accounting - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net sales	$ 4,046,332	$ 4,160,826
Net earnings	$ 403,484	$ 426,167
Basic	$ 7.53	$ 7.88
Diluted	$ 7.46	$ 7.76

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Allowance for Doubtful Accounts Receivable, Current	$ 23,464	$ 20,295

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Inventories (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 495,488	$ 595,325
Inventory, Work in Process, Net of Reserves	80,102	86,083
Inventory, Finished Goods, Net of Reserves	360,277	396,321
Inventory, Net	$ 935,867	$ 1,077,729

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Property Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Accounting Policies [Abstract]
Land	$ 73,060	$ 65,794
Building and improvements	346,527	306,004
Furniture and fixtures	69,438	59,438
Machinery and equipment	361,401	311,864
Property, pland and equipment, gross	850,426	743,100
Less accumulated depreciation	(339,528)	(299,572)
Property, plant and equipment, net	510,898	443,528
Depreciation, Excluding Lessor Asset under Operating Lease	$ 50,400	$ 44,200	$ 42,700

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives (Details)	Dec. 30, 2023
Minimum \| Building and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Minimum \| Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Minimum \| Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Maximum \| Building and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Maximum \| Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	7 years
Maximum \| Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Changes in the Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Goodwill [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss	$ 0
Goodwill [Roll Forward]
Balance beginning of period	2,411,834	$ 2,243,469
Goodwill, Acquired During Period	41,148	144,627
Measurement period adjustments to goodwill acquired in prior year	6,365	76,267
Exchange effect	(26,963)	52,529
Balance end of period	2,486,310	2,411,834
Commercial Foodservice Equipment Group
Goodwill [Roll Forward]
Balance beginning of period	1,309,776	1,298,369
Goodwill, Acquired During Period	9,640	30,107
Measurement period adjustments to goodwill acquired in prior year	4,825	923
Exchange effect	(4,815)	19,623
Balance end of period	1,329,056	1,309,776
Food Processing Group
Goodwill [Roll Forward]
Balance beginning of period	350,303	237,433
Goodwill, Acquired During Period	17,922	112,254
Measurement period adjustments to goodwill acquired in prior year	1,540	0
Exchange effect	(5,452)	(616)
Balance end of period	375,217	350,303
Residential Kitchen
Goodwill [Roll Forward]
Balance beginning of period	751,755	707,667
Goodwill, Acquired During Period	13,586	2,266
Measurement period adjustments to goodwill acquired in prior year		75,344
Exchange effect	(16,696)	33,522
Balance end of period	$ 782,037	$ 751,755

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 943,919	$ 927,875
Finite-Lived Intangible Assets, Accumulated Amortization	(574,079)	(503,034)
Finite-Lived Intangible Assets, Amortization Expense	75,000	$ 86,300	$ 75,800
Goodwill and Intangible Asset Impairment	$ 78,100
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation The consolidated financial statements include the accounts of the company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The company's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses as well as related disclosures. Significant items that are subject to such estimates and judgments include allowances for doubtful accounts, reserves for excess and obsolete inventories, long-lived and intangible assets, warranty reserves, insurance reserves, income tax reserves and post-retirement obligations. On an ongoing basis, the company evaluates its estimates and assumptions based on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions. The company's fiscal year ends on the Saturday nearest December 31. Fiscal years 2023, 2022, and 2021 ended on December 30, 2023, December 31, 2022 and January 1, 2022, respectively, with each year including 52 weeks. Certain prior year amounts have been reclassified to be consistent with current year presentation. (b) Cash and Cash Equivalents The company considers all short-term investments with original maturities of three months or less when acquired to be cash equivalents. The company’s policy is to invest its excess cash in interest-bearing deposits with major banks that are subject to minimal credit and market risk. (c) Accounts Receivable Accounts receivable, as shown in the consolidated balance sheets, are net of allowances for doubtful accounts of $23.5 million and $20.3 million at December 30, 2023 and December 31, 2022, respectively. At December 30, 2023, all accounts receivable are expected to be collected within one year. (d) Inventories Inventories are composed of material, labor and overhead and are stated at the lower of cost or net realizable value. Costs for inventory have been determined using the first-in, first-out ("FIFO") method. The company estimates reserves for inventory obsolescence and shrinkage based on its judgment of future realization. Inventories at December 30, 2023 and December 31, 2022 are as follows (in thousands): 2023 2022 Raw materials and parts $ 495,488 $ 595,325 Work in process 80,102 86,083 Finished goods 360,277 396,321 $ 935,867 $ 1,077,729 (e) Property, Plant and Equipment Property, plant and equipment are carried at cost as follows (in thousands): 2023 2022 Land $ 73,060 $ 65,794 Building and improvements 346,527 306,004 Furniture and fixtures 69,438 59,438 Machinery and equipment 361,401 311,864 850,426 743,100 Less accumulated depreciation (339,528) (299,572) $ 510,898 $ 443,528 Property, plant and equipment are depreciated or amortized on a straight-line basis over their useful lives based on management's estimates of the period over which the assets will be utilized to benefit the operations of the company. The useful lives are estimated based on historical experience with similar assets, taking into account anticipated technological or other changes. The company periodically reviews these lives relative to physical factors, economic factors and industry trends. If there are changes in the planned use of property and equipment or if technological changes were to occur more rapidly than anticipated, the useful lives assigned to these assets may need to be shortened, resulting in the recognition of increased depreciation and amortization expense in future periods. Following is a summary of the estimated useful lives: Description Life Building and improvements 20 to 40 years Furniture and fixtures 3 to 7 years Machinery and equipment 3 to 10 years Depreciation expense amounted to $50.4 million, $44.2 million and $42.7 million in fiscal 2023, 2022 and 2021, respectively. Expenditures which significantly extend useful lives are capitalized. Maintenance and repairs are charged to expense as incurred. Asset impairments are recorded whenever events or changes in circumstances indicate that the recorded value of an asset is greater than the sum of its expected future undiscounted cash flows. Asset impairments are recorded at the amount by which the recorded value of an asset exceeds its fair value. (f) Goodwill and Other Intangibles The company’s business acquisitions result in the recognition of goodwill and other intangible assets, which are a significant portion of the company’s total assets. Goodwill represents the excess of acquisition costs over the fair value of the net tangible assets and identifiable intangible assets acquired in a business combination. Identifiable intangible assets are recognized separately from goodwill and include trademarks and trade names, technology, customer relationships and other specifically identifiable assets. Trademarks and trade names are deemed to be indefinite-lived. Goodwill and indefinite-lived intangible assets are not amortized but are subject to impairment testing. The company performs the annual impairment assessment for goodwill and indefinite-lived intangible assets as of first day of the fourth quarter of the fiscal year and more frequently if indicators of impairment exist. The goodwill impairment test is performed at the reporting unit level. The company initially performs a qualitative analysis to determine if it is more likely than not that the goodwill balance or indefinite-life intangible asset is impaired. In conducting a qualitative assessment, the company analyzes a variety of events or factors that may influence the fair value of the reporting unit or indefinite-life intangible, including, but not limited to: macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, share price and other relevant factors. If an indicator of impairment is determined from the qualitative analysis, then the company will perform a quantitative analysis. The fair value of each reporting unit is compared to its carrying value. If the fair value of the reporting unit is less than its carrying value, the resulting difference will be a charge to impairment of goodwill in the Consolidated Statements of Earnings in the period in which the determination is made. Fair value is determined using a combination of present value techniques and market prices of comparable businesses. The company performed a qualitative assessment as of October 1, 2023 over all three reporting units. As a result of the financial performance for the Residential Kitchen reporting unit, the company completed a quantitative analysis. The primary indicator of impairment was market conditions resulting in lower than expected revenue performance in the current year and forecasted revenues for future periods. The fair value of the reporting unit exceeded its carrying unit by more than 10% and no impairment of goodwill was recognized. The company believes the assumptions utilized within the qualitative analysis are reasonable and consistent with assumptions that would be used by other marketplace participants. Based on the qualitative assessment for all other reporting units it was determined there was no impairment of goodwill. The company has not recognized any goodwill impairments and therefore there are no accumulated impairment losses. Goodwill is allocated to the business segments as follows (in thousands): Commercial Food Residential Kitchen Total Balance as of January 1, 2022 $ 1,298,369 $ 237,433 $ 707,667 $ 2,243,469 Goodwill acquired during the year 30,107 112,254 2,266 144,627 Measurement period adjustments to goodwill acquired in prior year 923 — 75,344 76,267 Exchange effect (19,623) 616 (33,522) (52,529) Balance as of December 31, 2022 $ 1,309,776 $ 350,303 $ 751,755 $ 2,411,834 Goodwill acquired during the year 9,640 17,922 13,586 41,148 Measurement period adjustments to goodwill acquired in prior year 4,825 1,540 6,365 Exchange effect 4,815 5,452 16,696 26,963 Balance as of December 30, 2023 $ 1,329,056 $ 375,217 $ 782,037 $ 2,486,310 Intangible assets consist of the following (in thousands): December 30, 2023 December 31, 2022 Estimated Gross Accumulated Estimated Gross Accumulated Amortized intangible assets: Customer relationships 7.0 $ 845,326 $ (529,533) 7.6 $ 839,811 $ (460,885) Backlog 0.0 — — 0.1 8,301 (6,352) Developed technology 8.3 98,593 (44,546) 8.3 79,763 (35,797) $ 943,919 $ (574,079) $ 927,875 $ (503,034) Indefinite-lived intangible assets: Trademarks and trade names $ 1,323,236 $ 1,369,391 The company completed its annual impairment assessment for indefinite-lived intangible assets as of October 1, 2023. We identified indicators of impairment with certain trademarks within the each of its reporting units based on the qualitative assessment. The primary indicator of impairment was market conditions resulting in lower than expected revenue performance in the current year and forecasted revenues for future periods. Based on the results of the quantitative assessments, the company recorded impairment charges of $78.1 million associated with several trademarks, of which $76.1 million was associated with the Residential Kitchen Equipment Group and $2.0 million with the Commercial Foodservice Equipment Group. The gross value of all trademarks tested was approximately $246.2 million, including the impaired trademarks. The fair values of the other trademarks tested with no impairment per the analyses, exceeded their carrying values by 10% or more. The Kamado Joe, Masterbuilt and Char-Griller trademarks within the Residential Kitchen Equipment Group were impaired based on the quantitative assessments. The fair value of trademarks were estimated to be $122.3 million as compared to the carrying value of $198.4 million and resulted in a $76.1 million indefinite-lived intangible asset impairment charge. The diminution in fair value for the trademarks was macroeconomic conditions such as higher inventory levels in the channel following periods of disruption in supply chain and inflationary pressures on the carrying costs of inventory levels in the retail industry. This led to lower than expected revenue in the current year and corresponding reductions of future revenue due to expectations for recovery in demand. The company estimated the fair value of the trademarks using a relief from royalty method under the income approach. In performing the quantitative analyses on these trademark, significant assumptions include revenue growth rates, assumed royalty rates and the discount rate. The company believes the assumptions utilized within the quantitative analysis are reasonable and consistent with assumptions that would be used by other marketplace participants. Collectively, for the Kamado Joe, Masterbuilt and Char-Griller trademarks, a 10.0% reduction in revenues would result in an impairment charge of approximately $11.3 million. A 50 basis point reduction of the royalty rates would result in an impairment charge of approximately $13.4 million. A 50 basis point increase in the discount rates would result in an impairment charge of approximately $7.5 million. The company performed a qualitative assessment as of October 1, 2023 for all other trademarks and trade names and determined it is more like than not that the fair value of its other indefinite-life intangible assets are greater than the carrying amounts. The company elected to perform a qualitative assessment on the other indefinite-life intangible assets noting no events that indicated that the fair value was less than the carrying value that would require a quantitative impairment assessment. The estimates of future cash flows used in determining the fair value of goodwill and indefinite-lived intangible assets involve significant management judgment and are based upon assumptions about expected future operating performance, economic conditions, market conditions and cost of capital. Inherent in estimating the future cash flows are uncertainties beyond our control, such as changes in capital markets. The company continues to monitor global and regional economic market conditions, channel inventory levels, and the underlying demand for its products to assess the impact on its business and financial performance. The actual cash flows could differ materially from management's estimates due to changes in business conditions, operating performance and economic conditions. Definite-lived intangible assets are amortized over their estimated useful lives and tested for impairment in accordance with the methodology discussed above under "Property, Plant and Equipment." The aggregate intangible amortization expense was $75.0 million, $86.3 million and $75.8 million in 2023, 2022 and 2021, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands): 2024 $ 63,606 2025 57,400 2026 54,208 2027 45,687 2028 39,380 2029 and thereafter 109,559 $ 369,840 (g) Accrued Expenses Accrued expenses consist of the following at December 30, 2023 and December 31, 2022, respectively (in thousands): 2023 2022 Contract liabilities $ 118,681 $ 185,824 Accrued payroll and related expenses 121,514 122,861 Accrued warranty 89,039 82,096 Accrued customer rebates 59,267 70,706 Accrued short-term leases 26,417 25,250 Accrued sales and other tax 24,568 24,044 Accrued professional fees 18,461 19,541 Accrued contingent consideration 17,791 20,529 Accrued agent commission 16,956 17,381 Accrued product liability and workers compensation 11,169 11,326 Other accrued expenses 75,329 91,769 $ 579,192 $ 671,327 (h) Litigation Matters From time to time, the company is subject to proceedings, lawsuits and other claims related to products, suppliers, employees, customers and competitors. The company maintains insurance to partially cover product liability, workers compensation, property and casualty, and general liability matters. The company is required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of accrual required, if any, for these contingencies is made after assessment of each matter and the related insurance coverage. The required accrual may change in the future due to new developments or changes in approach such as a change in settlement strategy in dealing with these matters. The company does not believe that any such matter will have a material adverse effect on its financial condition, results of operations or cash flows of the company. (i) Accumulated Other Comprehensive Income (Loss) The following table summarizes the components of accumulated other comprehensive income (loss) as reported in the consolidated balance sheets (in thousands): 2023 2022 Unrecognized pension benefit costs, net of tax of $3,998 and $(1,995) $ (109,713) $ (121,701) Unrealized gain on interest rate swap, net of tax of $11,198 and $16,836 32,005 48,574 Currency translation adjustments (145,490) (205,345) $ (223,198) $ (278,472) Changes in accumulated other comprehensive income (loss) (1) were as follows (in thousands): Currency Translation Adjustment Pension Benefit Costs Unrealized Gain/(Loss) Interest Rate Swap Unrealized Loss Certain Investments Total Balance as of January 1, 2022 $ (97,654) $ (249,696) $ (13,064) 1,330 $ (359,084) Other comprehensive income before reclassification (107,691) 117,840 58,135 (1,330) 66,954 Amounts reclassified from accumulated other comprehensive income — 10,155 3,503 — 13,658 Net current-period other comprehensive income $ (107,691) $ 127,995 $ 61,638 (1,330) $ 80,612 Balance as of December 31, 2022 $ (205,345) $ (121,701) $ 48,574 $ — $ (278,472) Other comprehensive income before reclassification 59,855 11,392 15,652 — 86,899 Amounts reclassified from accumulated other comprehensive income — 596 (32,221) — (31,625) Net current-period other comprehensive income $ 59,855 $ 11,988 $ (16,569) $ — $ 55,274 Balance as of December 30, 2023 $ (145,490) $ (109,713) $ 32,005 $ — $ (223,198) (1) As of December 30, 2023 pension and unrealized gain/(loss) interest rate swap amounts are net of tax of $4.0 million, and $11.2 million, respectively. During the twelve months ended December 30, 2023, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $6.0 million and $(5.6) million, respectively. (j) Fair Value Measures ASC 820 Fair Value Measurements and Disclosures defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels: Level 1 – Quoted prices in active markets for identical assets or liabilities Level 2 – Inputs, other than quoted prices in active markets, which are observable either directly or indirectly Level 3 – Unobservable inputs based on our own assumptions The company’s financial assets and liabilities that are measured at fair value are categorized using the fair value hierarchy at December 30, 2023 and December 31, 2022 are as follows (in thousands): Fair Value Fair Value Fair Value Total As of December 30, 2023 Financial Assets: Interest rate swaps $ — $ 42,779 $ — $ 42,779 Foreign exchange derivative contracts $ — $ 29 $ — $ 29 Financial Liabilities: Contingent consideration $ — $ — $ 51,538 $ 51,538 As of December 31, 2022 Financial Assets: Interest rate swaps $ — $ 64,985 $ — $ 64,985 Financial Liabilities: Contingent consideration $ — $ — $ 47,242 $ 47,242 Foreign exchange derivative contracts $ — $ 474 $ — $ 474 The contingent consideration, as of December 30, 2023 and December 31, 2022, relates to the earnout provisions recorded in conjunction with various purchase agreements. The earnout provisions associated with these acquisitions are based upon performance measurements related to sales and earnings, as defined in the respective purchase agreements. On a quarterly basis, the company assesses the projected results for each of the acquisitions in comparison to the earnout targets and adjusts the liability accordingly. Discount rates for valuing contingent consideration are determined based on the company rates and specific acquisition risk considerations. Changes in fair value associated with the earnout provisions are recognized in Selling, general and administrative expenses within the Consolidated Statements of Earnings. The following table represents changes in the fair value of the contingent consideration liabilities for the fiscal years 2023 and 2022: December 30, 2023 December 31, 2022 Beginning balance $ 47,242 $ 34,983 Payments of contingent consideration (6,871) (5,103) New contingent consideration 15,534 22,299 Changes in fair value (4,367) (4,937) Ending balance $ 51,538 $ 47,242 (k) Foreign Currency The income statements of the company’s foreign operations are translated at the monthly average rates. Assets and liabilities of the company’s foreign operations are translated at exchange rates at the balance sheet date. These translation adjustments are not included in determining net income for the period but are disclosed and accumulated in a separate component of stockholders’ equity. Exchange gains and losses on foreign currency transactions are included in determining net income for the period in which they occur. These transactions amounted to a loss of $8.7 million, loss of $28.1 million and a gain of $0.3 million in 2023, 2022 and 2021, respectively, and are included in other expense on the statements of earnings. (l) Shipping and Handling Costs Fees billed to the customer for shipping and handling are classified as a component of net revenues. Shipping and handling costs are included in cost of products sold. (m) Warranty Costs In the normal course of business, the company issues product warranties for specific product lines and provides for the estimated future warranty cost in the period in which the sale is recorded. The estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Because warranty estimates are forecasts that are based on the best available information, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable. A rollforward of the warranty reserve for the fiscal years 2023 and 2022 are as follows (in thousands): 2023 2022 Beginning balance $ 82,096 $ 80,215 Warranty reserve related to acquisitions 595 3,607 Warranty expense 89,122 70,774 Warranty claims paid (82,774) (72,500) Ending balance $ 89,039 $ 82,096 (n) Research and Development Costs Research and development costs, included in cost of sales in the consolidated statements of earnings, are charged to expense when incurred. These costs were $53.1 million, $48.9 million and $41.8 million in fiscal 2023, 2022 and 2021, respectively. (o) Non-Cash Share-Based Compensation The company's 2021 Stock Incentive Plan (the "2021 Plan"), allows for the granting of stock options, stock appreciation rights, restricted stock and restricted stock units, performance stock, phantom units and other equity-based awards. The company estimates the fair value of restricted stock grants, restricted stock units and performance stock units at the time of grant and recognizes compensation costs over the vesting period of the grants. The expense, net of forfeitures, is recognized using the straight-line method. Non-cash share-based compensation expense is only recognized for those grants expected to vest. See Note 6, "Common and Preferred Stock," for further information on the company's share-based incentive plans. (p) Earnings Per Share “Basic earnings per share” is calculated based upon the weighted average number of common shares actually outstanding, and “diluted earnings per share” is calculated based upon the weighted average number of common shares outstanding and other dilutive securities. The company’s potentially dilutive securities amounted to 509,000, 852,000 and 1,449,000 for fiscal 2023, 2022 and 2021, respectively. The company's potentially dilutive securities consist of shares issuable on vesting of restricted stock units computed using the treasury method and amounted to approximately 67,000, 73,000 and 56,000 for fiscal 2023, 2022 and 2021, respectively. During fiscal 2023 2022 and 2021, the average market price of the company's common stock exceeded the exercise price of the Convertible Notes (as defined below) resulting in approximately 442,000, 779,000 and 1,393,000 diluted common stock equivalents to be included in the diluted net earnings per share, respectively. There have been no material conversions to date. See Note 5, Financing Arrangements, in these Notes to the Consolidated Financial Statements for further details on the Convertible Notes. There were no anti-dilutive equity awards excluded from common stock equivalents for 2023, 2022 or 2021. (q) Consolidated Statements of Cash Flows Cash paid for interest was $119.2 million, $77.2 million and $50.6 million in fiscal 2023, 2022 and 2021, respectively. Cash payments totaling $139.7 million, $114.0 million, and $125.8 million were made for income taxes during fiscal 2023, 2022 and 2021, respectively. (r) New Accounting Pronouncements Accounting Pronouncements - Recently Adopted In March 2020, the Financial Accounting Standards Board (the " FASB") issued Accounting Standards Update ("ASU") 2 020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, which amends ASU 2020-04 and clarifies the scope and guidance of Topic 848 to allow for derivatives impacted by the rate reform to qualify for certain optional expedients and exceptions for contract modifications and hedge accounting. The guidance is optional and is effective for a limited period of time. In December 2022, the FASB also issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, to defer the sunset date of ASC 848 from December 31, 2022, to December 31, 2024. These new standards were effective upon issuance and generally can be applied to applicable contract modifications. All of the company's agreements previously utilizing LIBOR have transitioned to Secured Overnight Financing Rate ("SOFR") on or before July 1, 2023. These changes did not have a material impact on its Consolidated Financial Statements and disclosures. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The new accounting rules require entities to apply “Revenue from Contracts with Customers (Topic 606)” to recognize and measure contract assets and contract liabilities in a business combination. The new accounting rules were effective for the Company in the first quarter of 2023. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832), Disclosures by Business Entities About Government Assistance, which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements, and any significant terms and conditions of the agreements, including commitments and contingencies. The new standard is effective for the company as of January 1, 2023 and only impacts annual financial statement footnote disclosures. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this update eliminate the accounting guidance for troubled debt restructurings by creditors while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors made to borrowers experiencing financial difficulty. The amendments also require disclosure of current-period gross write-offs by year of origination for financing receivables. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The standard should be applied prospectively, and it allows for a modified retrospective transition method resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method. The new standard expands and clarifies the use of the portfolio layer method for fair value hedges of interest rate risk. The new standard allows non-prepayable financial assets to also be included in a closed portfolio hedged using the portfolio layer method. The standard is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The new guidance on hedging multiple layers in a closed portfolio should be applied prospectively and the guidance on the accounting for fair value basis adjustments should be applied on a modified retrospective basis. The company adopted this standard in the first quarter of 2023 and it did not have a material impact on its Consolidated Financial Statements and disclosures. Accounting Pronouncements - To be adopted In March 2023, the FASB issued Accounting Standards Update ASU 2023-01, Leases (Topic 842): Common Control Arrangements. This ASU clarified the accounting for leasehold improvements for leases under common control. The guidance is effective for the company beginning on January 1, 2024. The company is currently evaluating the impact the adoption of this guidance will have on its Consolidated Financial Statements and disclosures. In November 2023, the FASB issued Accounting Standard Update ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendment requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker, as well as disclosure of the title and position of the Chief Operating Decision Maker (“CODM”). The guidance is effective for the company beginning on January 1, 2024. Early adoption is permitted. The company is currently evaluating the impact the adoption of this guidance will have on its Consolidated Financial Statements and disclosures. In December 2023, the FASB issued Accounting Standard Update ASU No. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands the disclosures required in an entity’s income tax rate reconciliation table. This ASU requires consistent categories and greater disaggregation of information presented in the effective tax rate reconciliation and requires disclosure of income taxes paid both domestic and foreign jurisdictions. The guidance is effective for the company beginning on January 1, 2025 and is required to be applied prospectively, with retrospective application to prior periods allowed. Early adoption is permitted. The company is currently evaluating the impact the adoption of this guidance will have on its Consolidated Financial Statements and disclosures.
Commercial Foodservice Equipment Group
Finite-Lived Intangible Assets [Line Items]
Goodwill and Intangible Asset Impairment	$ 2,000
Residential Kitchen
Finite-Lived Intangible Assets [Line Items]
Goodwill and Intangible Asset Impairment	$ 76,100
Scenario One
Finite-Lived Intangible Assets [Line Items]
Impaired Intangible Asset, Facts and Circumstances Leading to Impairment	11.3 million
Scenario Two
Finite-Lived Intangible Assets [Line Items]
Impaired Intangible Asset, Facts and Circumstances Leading to Impairment	13.4 million
Scenario Three
Finite-Lived Intangible Assets [Line Items]
Impaired Intangible Asset, Facts and Circumstances Leading to Impairment	7.5 million
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Estimated Weighted Avg Remaining LIfe	7 years	7 years 7 months 6 days
Gross Carrying amount	$ 845,326	$ 839,811
Finite-Lived Intangible Assets, Accumulated Amortization	$ (529,533)	$ (460,885)
Service Backlog
Finite-Lived Intangible Assets [Line Items]
Estimated Weighted Avg Remaining LIfe	0 years	1 month 6 days
Gross Carrying amount	$ 0	$ 8,301
Finite-Lived Intangible Assets, Accumulated Amortization	$ 0	$ (6,352)
Developed Technology Rights
Finite-Lived Intangible Assets [Line Items]
Estimated Weighted Avg Remaining LIfe	8 years 3 months 18 days	8 years 3 months 18 days
Gross Carrying amount	$ 98,593	$ 79,763
Finite-Lived Intangible Assets, Accumulated Amortization	(44,546)	(35,797)
Tradenames And Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,323,236	$ 1,369,391
Tradenames And Trademarks \| Tradenames And Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	246,200
Tradenames And Trademarks \| Scenario One
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	122,300
Tradenames And Trademarks \| Scenario Two
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 198,400

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Dec. 30, 2023 USD ($)
Accounting Policies [Abstract]
2024	$ 63,606
2025	57,400
2026	54,208
2027	45,687
2028	39,380
2029 and thereafter	109,559
Future amortization expense, net	$ 369,840

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Accrued Expenses [Line Items]
Contract liabilities	$ 118,681	$ 185,824
Accrued payroll and related expenses	121,514	122,861
Accrued warranty	89,039	82,096
Accrued customer rebates	59,267	70,706
Accrued short-term leases	26,417	25,250
Accrued sales and other tax	24,568	24,044
Accrued contingent consideration	17,791	20,529
Accrued professional fees	18,461	19,541
Accrued agent commission	16,956	17,381
Accrued product liability and workers compensation	11,169	11,326
Other accrued expenses	75,329	91,769
Accrued expenses	$ 579,192	$ 671,327
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Summary of Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrecognized pension benefit costs, net of tax	$ 109,713	$ 121,701
Unrealized loss on interest rate swap, net of tax	32,005	48,574
Currency translation adjustments	(145,490)	(205,345)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(223,198)	(278,472)	$ (359,084)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(86,899)	(66,954)
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	(31,625)	13,658
Other Comprehensive Income (Loss), Net of Tax	55,274	80,612	129,344
Accumulated Foreign Currency Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(145,490)	(205,345)	(97,654)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(59,855)	107,691
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	0	0
Other Comprehensive Income (Loss), Net of Tax	59,855	(107,691)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(109,713)	(121,701)	(249,696)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	11,392	117,840
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	596	10,155
Other Comprehensive Income (Loss), Net of Tax	11,988	127,995
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent \| Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	32,005	48,574	(13,064)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(15,652)	(58,135)
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	(32,221)	3,503
Other Comprehensive Income (Loss), Net of Tax	(16,569)	61,638
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	0	0	$ 1,330
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	1,330
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	0	0
Other Comprehensive Income (Loss), Net of Tax	$ 0	$ (1,330)

Summary of Significant Accou_13

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Income (Loss), Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Unrecognized pension benefit costs, Tax	$ (3,998)	$ 1,995
Unrealized loss on interest rate swap, tax	11,198	$ 16,836
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	$ 6,000

Summary of Significant Accou_14

Summary of Significant Accounting Policies - Financial Assets and Liabilities that are Measured At Fair Value and are Categorized Using Fair Value Heirarchy (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	$ 47,242	$ 34,983
Payments of contingent consideration	(6,871)	(5,103)
New contingent consideration	15,534	22,299
Changes in fair value	(4,367)
Ending balance	51,538	$ 47,242
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]
Fair Value, Measurements, Recurring \| Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	42,779	$ 64,985
Fair Value, Measurements, Recurring \| Interest Rate Swap \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0	0
Fair Value, Measurements, Recurring \| Interest Rate Swap \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	42,779	64,985
Fair Value, Measurements, Recurring \| Interest Rate Swap \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0	0
Fair Value, Measurements, Recurring \| Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	51,538	47,242
Fair Value, Measurements, Recurring \| Contingent Consideration \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	0	0
Fair Value, Measurements, Recurring \| Contingent Consideration \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	0	0
Fair Value, Measurements, Recurring \| Contingent Consideration \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities	51,538	47,242
Fair Value, Measurements, Recurring \| Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	29
Financial Liabilities		474
Fair Value, Measurements, Recurring \| Foreign Exchange Forward \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	0
Financial Liabilities		0
Fair Value, Measurements, Recurring \| Foreign Exchange Forward \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	29	474
Fair Value, Measurements, Recurring \| Foreign Exchange Forward \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Assets	$ 0
Financial Liabilities		$ 0

Summary of Significant Accou_15

Summary of Significant Accounting Policies - Foreign Currency (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Accounting Policies [Abstract]
Foreign Currency Transaction Gain (Loss), before Tax	$ 8.7	$ (28.1)	$ 0.3

Summary of Significant Accou_16

Summary of Significant Accounting Policies - Rollforward of the Warranty Reserve (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 82,096	$ 80,215
Warranty reserve related to acquisitions	595	3,607
Warranty expense	89,122	70,774
Warranty claims paid	(82,774)	(72,500)
Ending balance	$ 89,039	$ 82,096

Summary of Significant Accou_17

Summary of Significant Accounting Policies - Research and Development Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Accounting Policies [Abstract]
Research and Development Expense	$ 53.1	$ 48.9	$ 41.8

Summary of Significant Accou_18

Summary of Significant Accounting Policies - Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Accounting Policies [Abstract]
Weighted average number diluted shares outstanding (shares)	509,000	852,000	1,449,000
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	67,000	73,000	56,000
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	442,000	779,000	1,393,000

Summary of Significant Accou_19

Summary of Significant Accounting Policies - Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Accounting Policies [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities	$ 119.2	$ 77.2	$ 50.6
Income Taxes Paid	$ 139.7	$ 114	$ 125.8

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 4,036,605	$ 4,032,853	$ 3,250,792
United States And Canada
Disaggregation of Revenue [Line Items]
Net sales	2,821,061	2,879,019	2,236,775
Asia
Disaggregation of Revenue [Line Items]
Net sales	285,858	264,609	233,227
Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales	773,317	768,199	687,452
Latin America
Disaggregation of Revenue [Line Items]
Net sales	156,369	121,026	93,338
Commercial Foodservice Equipment Group
Disaggregation of Revenue [Line Items]
Net sales	2,521,471	2,394,762	2,014,372
Commercial Foodservice Equipment Group \| United States And Canada
Disaggregation of Revenue [Line Items]
Net sales	1,828,416	1,750,986	1,417,506
Commercial Foodservice Equipment Group \| Asia
Disaggregation of Revenue [Line Items]
Net sales	233,039	212,182	204,380
Commercial Foodservice Equipment Group \| Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales	369,823	364,120	344,242
Commercial Foodservice Equipment Group \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	90,193	67,474	48,244
Food Processing Group
Disaggregation of Revenue [Line Items]
Net sales	720,618	589,969	499,135
Food Processing Group \| United States And Canada
Disaggregation of Revenue [Line Items]
Net sales	479,312	426,124	364,894
Food Processing Group \| Asia
Disaggregation of Revenue [Line Items]
Net sales	40,208	20,306	17,693
Food Processing Group \| Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales	145,293	100,239	77,702
Food Processing Group \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	55,805	43,300	38,846
Residential Kitchen
Disaggregation of Revenue [Line Items]
Net sales	794,516	1,048,122	737,285
Residential Kitchen \| United States And Canada
Disaggregation of Revenue [Line Items]
Net sales	513,333	701,909	454,375
Residential Kitchen \| Asia
Disaggregation of Revenue [Line Items]
Net sales	12,611	32,121	11,154
Residential Kitchen \| Europe And Middle East
Disaggregation of Revenue [Line Items]
Net sales	258,201	303,840	265,508
Residential Kitchen \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	$ 10,371	$ 10,252	$ 6,248

Revenue Recognition Contract wi

Revenue Recognition Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Revenue Recognition [Abstract]
Contract assets	$ 47,072	$ 40,438
Contract liabilities	118,681	185,824
Non-current contract liabilities	15,721	$ 12,495
Contract with Customer, Asset, Reclassified to Receivable	29,600
Contract with Customer, Liability, Revenue Recognized	161,700
Contract with Customer, Liability, Increase for Contract Acquired during the Period	121,800
Contract asset impairment	$ 0

Financing Arrangements - Schedu

Financing Arrangements - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022	Oct. 21, 2021
Debt Instrument [Line Items]
Senior secured revolving credit line	$ 0	$ 251,805
Term loan facility	945,913	975,785	$ 1,000,000
Delayed draw term loan facility	726,563	750,000	$ 750,000
Convertible Senior Notes	741,501	737,918
Other debt arrangement	687	899
Total debt	2,425,195	2,722,324
Less: Current maturities of long-term debt	44,822	45,583
Long-term debt	2,380,373	2,676,741
Foreign loans [Member]
Debt Instrument [Line Items]
Foreign loans	$ 10,531	$ 5,917

Credit Facility (Details)

Credit Facility (Details) - USD ($) $ in Thousands		12 Months Ended
Credit Facility (Details) - USD ($) $ in Thousands	Oct. 21, 2021	Dec. 30, 2023	Dec. 31, 2022	Aug. 21, 2020
Debt Disclosure [Line Items]
Maximum borrowing capacity	$ 4,500,000			$ 3,100,000
Long-term Line of Credit, Revolving Credit Facility	2,750,000
Term loan facility	1,000,000	$ 945,913	$ 975,785
Delayed draw term loan facility	$ 750,000	$ 726,563	$ 750,000
Term loan facility amortization rate		2.50%
Delayed draw term loan facility, amortization quarter percent	0.625%	0.625%
Long-term line of credit		$ 1,700,000
Term loan facility, gross		950,000
Letters of credit outstanding		1,600
Remaining borrowing capacity		$ 2,800,000
Debt Instrument Interest Additional Interest Above Fed Funds Rate		0.50%
Debt Instrument, Interest Rate, Increase (Decrease)		1%
Debt Instrument Interest Additional Interest Above LIBOR Rate, elevated covenants		1.625%
Line Of Credit Facility Commitment Fee Percentage, elevated covenants		0.25%
Credit facility, average interest rate		5.22%
Variable commitment fee		0.25%
Term loan facility average interest rate		5.22%
Line of credit, Current and Noncurrent, Foreign		$ 10,500
Interest rate at period end		2.31%
Derivative Notional Amount, Current		$ 155,000
Derivative Fixed Interest Rate, Current		1.81%
Derivative Notional Amount, NonCurrent		$ 695,000
Derivative Fixed Interest Rate, NonCurrent		1.66%
Debt Instrument, Interest Coverage Ratio Range, Low		300%
Debt Instrument, Interest Coverage Ratio Range, High		100%
Debt Instrument, Qualified Leverage Ratio Range, Low		375%
Debt Instrument, Qualified Leverage Ratio Range, High		425%
Debt Instrument, Leverage Ratio Range, High		100%
Debt Instrument Interest Additional Interest Above SOFR Rate		1.625%
Debt Instrument Interest Additional Interest Above SOFR Rate Alternative		0.625%
Revolving Credit Facility
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.10%
dollar amount
Debt Disclosure [Line Items]
Maximum borrowing capacity	$ 625,000
Line of Credit Facility, Potential Increase, Percentage	100%
Scenario One
Debt Disclosure [Line Items]
Delayed draw term loan facility		$ 727,000

Financing Arrangements - Level

Financing Arrangements - Level 2 Measurements (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Debt Disclosure [Line Items]
Total debt	$ 2,425,195	$ 2,722,324
Debt excluding convertible senior notes
Debt Disclosure [Line Items]
Total debt	1,683,694	1,984,406
Fair Value	$ 1,687,781	$ 1,989,871

Convertible Notes (Details)

Convertible Notes (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022	Aug. 21, 2020
Debt Disclosure [Line Items]
Convertible Senior Notes	$ 741,501	$ 737,918
Convertible Debt
Debt Disclosure [Line Items]
Principal	747,499	747,499	$ 747,500
Unamortized Debt Issuance Expense	$ (5,998)	$ (9,581)

Convertible Debt Interest Expen

Convertible Debt Interest Expense (Details) - Convertible Debt - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Debt Disclosure [Line Items]
Contractual interest expense	$ 7,454	$ 7,475	$ 7,454
Interest cost related to amortization of debt issuance costs	3,583	3,587	3,484
Total interest expense	$ 11,037	$ 11,062	$ 10,938

Convertible Debt Additional Inf

Convertible Debt Additional Information (Details) - USD ($)		12 Months Ended
Convertible Debt Additional Information (Details) - USD ($)	Aug. 21, 2020	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022	Mar. 22, 2022	Dec. 22, 2021	Dec. 16, 2021
Debt Disclosure [Line Items]
Debt Instrument, Convertible, Carrying Amount of Equity Component		$ 105,000,000
Debt Instrument, Convertible, Estimated Conversion Shares	5,800,000
Payments for Premiums for Capped Call Confirmations, Debt Issuance		0	$ 9,655,000	$ 54,553,000
Debt Instrument, Convertible, If-converted Value in Excess of Principal		107,800,000
2020 Capped Call Transaction
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction, Estimated Conversion Shares	3,600,000
2021 Capped Call Transaction One
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction, Estimated Conversion Shares							3,500,000
Payments for Premiums for Capped Call Confirmations, Debt Issuance				$ 54,600,000
2021 Capped Call Transaction Two
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction, Estimated Conversion Shares						3,300,000
2022 Capped Call Transaction
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction, Estimated Conversion Shares					3,300,000
Payments for Premiums for Capped Call Confirmations, Debt Issuance			$ 9,700,000
Convertible Debt
Debt Disclosure [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1%
Debt Instrument, Capped Call Transaction, Net Cost	$ 104,700,000
Debt Conversion, Converted Instrument, Shares Issued	7.7746
Debt Instrument Convertible Principal Amount Used in Conversion Rate	$ 1,000
Debt Instrument, Convertible, Conversion Price	$ 128.62
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100%
Proceeds from Debt, Net of Issuance Costs	$ 729,900,000
Notes Payable, Fair Value Disclosure		$ 914,000,000
Debt Instrument, Interest Rate, Effective Percentage		1.50%
Convertible Debt \| 2020 Capped Call Transaction
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction Cap Price, Per Share	$ 207.93
Convertible Debt \| 2021 Capped Call Transaction One
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction Cap Price, Per Share							$ 216.50
Convertible Debt \| 2021 Capped Call Transaction Two
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction Cap Price, Per Share						$ 225
Convertible Debt \| 2022 Capped Call Transaction
Debt Disclosure [Line Items]
Debt Instrument, Capped Call Transaction Cap Price, Per Share					$ 229
Convertible Debt \| Scenario One
Debt Disclosure [Line Items]
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger	130%
Convertible Debt \| Scenario Two
Debt Disclosure [Line Items]
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger	98%

Financing Arrangements - Sche_2

Financing Arrangements - Schedule of Future Aggregate Debt Payable (Details) $ in Thousands	Dec. 30, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 44,822
2025	785,304
2026	1,589,014
2027	755
2028 and thereafter	5,300
Total Debt Payable	$ 2,425,195

Common and Preferred Stock - Na

Common and Preferred Stock - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022	May 13, 2022	Nov. 07, 2017
Common Stock, Shares Authorized	95,000,000	95,000,000
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Stock Repurchased During Period, Shares	397,738	1,553,961
Stock Repurchased During Period, Value	$ 55,600	$ 249,000
Treasury Stock Acquired, Average Cost Per Share	$ 139.68	$ 160.27
Treasury Stock, Value, Acquired, Cost Method	$ 74,855	$ 264,777	$ 29,265
Share-based Compensation	51,047	58,368	42,330
Tax benefit	800	1,300	400
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	600	$ 29,100	$ 7,300
Total unrecognized compensation	$ 100
2017 Program
Stock Repurchase Program, Number of Shares Authorized to be Repurchased				2,500,000	2,500,000
Share Repurchase Program, Number of Shares Repurchased	3,116,364
Remaining number of shares authorized to be repurchased (shares)	1,883,636
Restricted Stock
Treasury Stock, Shares, Acquired	126,704	90,243
Treasury Stock, Value, Acquired, Cost Method	$ 19,800	$ 15,800
Grant awards, fair value per share at date of grant (usd per share)	$ 136.13	$ 188.31	$ 181.31
Restricted Stock Units (RSUs)
Grant awards, fair value per share at date of grant (usd per share)	$ 147.13	$ 150.07	$ 166.41
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 30,100
Total unrecognized compensation	$ 70,800
Restricted Stock Units, Outstanding, Weighted Average Remaining Contractual Terms	1 year 9 months 3 days
Stock Incentive Plan 2021
Number of shares authorized (shares)	987,922
IncreaseInAuthSharesDuring2017 \| Stock Incentive Plan 2021
Number of shares authorized (shares)	1,350,000

Common and Preferred Stock - Su

Common and Preferred Stock - Summary of Nonvested Restricted Share Grant Activity Under 2011 Stock Incentive Plans and Related Information (Details) - $ / shares	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Nonvested shares, beginning balance (shares)	14,356
Granted (shares)	2,080
Vested (shares)	(3,840)
Forfeited (shares)	(10,516)
Nonvested shares, ending balance (shares)	2,080	14,356
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Nonvested shares, beginning balance (usd per share)	$ 136.13	$ 134.43
Granted (usd per share)	136.13	188.31	$ 181.31
Vested (usd per share)	188.31
Forfeited (usd per share)	114.34
Nonvested shares, ending balance (usd per share)	$ 136.13	$ 134.43
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Nonvested shares, beginning balance (shares)	521,455
Granted (shares)	333,031
Vested (shares)	(194,690)
Forfeited (shares)	(8,065)
Nonvested shares, ending balance (shares)	651,731	521,455
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Nonvested shares, beginning balance (usd per share)	$ 160.15	$ 157.55
Granted (usd per share)	147.13	150.07	$ 166.41
Vested (usd per share)	144.11
Forfeited (usd per share)	158.33
Nonvested shares, ending balance (usd per share)	$ 160.15	$ 157.55

Income Taxes - Summary of Earni

Income Taxes - Summary of Earnings Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Income Tax Disclosure [Abstract]
Domestic	$ 346,815	$ 383,813	$ 453,357
Foreign	172,563	180,602	166,147
Total	$ 519,378	$ 564,415	$ 619,504

Income Taxes - Summary of Provi

Income Taxes - Summary of Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Income Tax Disclosure [Abstract]
Federal	$ 67,023,000	$ 62,416,000	$ 84,689,000
State and local	15,934,000	23,892,000	24,363,000
Foreign	35,539,000	41,538,000	21,960,000
Total	118,496,000	127,846,000	131,012,000
Current	120,901,000	134,488,000	124,149,000
Deferred	(2,405,000)	(6,642,000)	6,863,000
Income Tax Contingency [Line Items]
Provision for income taxes	118,496,000	127,846,000	$ 131,012,000
Tax Adjustments, Settlements, and Unusual Provisions	$ 7,000,000	$ 13

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Differences Between Income Taxes Computed at the Federal Statutory Rate to the Effective Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21%	21%	21%
State taxes, net of federal benefit	3.10%	3.30%	3.10%
Permanent differences	0.60%	0.90%	0.50%
Foreign income tax rate at rates other than U.S. statutory	0.20%	0.20%	0.20%
Deferred tax changes	0%	0%	(2.20%)
Change in valuation allowances	0%	0%	0.40%
Tax on unremitted earnings	0.40%	0.30%	0.40%
Federal Refund	0%	0%	(0.70%)
Internal restructuring	0%	(2.30%)	0%
Other	(2.50%)	(0.70%)	(1.60%)
Consolidated effective tax	22.80%	22.70%	21.10%
Provision for income taxes	$ 118,496	$ 127,846	$ 131,012

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Deferred tax assets:
Compensation related	$ 29,135	$ 26,273
Pension and post-retirement benefits	1,435	1,640
Inventory reserves	27,311	26,134
Accrued liabilities and reserves	22,017	21,743
Warranty reserves	20,956	17,593
Operating lease liability	22,096	19,890
Basis difference on affiliates	12,099	14,473
Deferred Tax Assets, Tax Credit Carryforwards, Research	39,585	19,381
Convertible debt	15,860	25,637
Net operating loss carryforwards	12,989	12,964
Other	22,871	14,879
Gross deferred tax assets	226,354	200,607
Valuation allowance	(15,749)	(11,599)
Deferred tax assets	210,605	189,008
Deferred tax liabilities:
Intangible assets	(310,847)	(306,814)
Depreciable assets	(40,036)	(32,267)
Operating lease right-of-use assets	(21,139)	(19,240)
Interest rate swaps	(10,927)	(16,836)
Deferred Tax and Other Liabilities, Noncurrent	9,719
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities		0
Other	(26,135)	(27,317)
Deferred Tax Liabilities, Gross	418,803	402,474
Deferred Tax Liabilities, Net	(208,198)	(213,466)
Deferred Income Tax Assets, Net	7,945	6,738
Deferred Income Tax Liabilities, Net	(216,143)	$ (220,204)
Income Tax Contingency [Line Items]
Deferred Tax and Other Liabilities, Noncurrent	$ 9,719

Income Taxes - Summary of Activ

Income Taxes - Summary of Activity Related to Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, Beginning Period	$ 33,648	$ 36,209
Increases to current year tax positions	2,126	2,195
Increase to prior year tax positions		534
Decrease to prior year tax positions		(1,709)
Settlements		(1,974)
Lapse of statute of limitations	1,852	1,607
Balance, Ending Period	$ 33,922	$ 33,648

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Income Tax Disclosure [Abstract]
Permanently Reinvested Foreign Earnings	$ 12,000	$ 10,000
Deferred Tax Liabilities, Undistributed Foreign Earnings	757,000
Operating Loss Carryforwards	12,989	12,964
Deferred Tax Assets, Operating Loss Carryforwards	9,600
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	3,100
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	6,500
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	12,500
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	47,800
Deferred Tax Assets, Valuation Allowance	38,400
Unrecognized tax benefits rleated to federal, state and foreign taxes	33,922	33,648	$ 36,209
Unrecognized tax benefits related to federal, state and foreign taxes that would impact the effective tax rate if recognized	33,900
Unrecognized tax benefits, accured interest	9,400
Unrecognized tax benefits, penalties	7,000
Unrecognized tax benefits, interest recognized	1,400	600	900
Unrecognized tax benefits, penalties recognized	0	$ 200	$ 1,000
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 4,900

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Interest rate derivative liabilities, at fair value	$ 42,800	$ 65,000
Increase (decrease) in fair value of interest rate fair value hedging instruments	(16,500)
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	(31,625)	13,658
Interest Rate Swap \| Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	39,882	58,180
Interest Rate Swap \| Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	2,897	6,805
Foreign Exchange Forward
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	253,100	562,500
Fair value of forward contracts	(100)
Other Comprehensive Income (Loss) \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Amount of gain/(loss) recognized in other comprehensive income	10,015	79,472
Interest Expense \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	$ 32,221	$ (3,503)

Lease Commitments Operating Lea

Lease Commitments Operating Lease (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 39,600	$ 35,700	$ 31,500
Operating Lease, Right-of-Use Asset	109,373	102,314
Operating Lease, Liability, Current	26,417	25,250
Operating Lease, Liability, Noncurrent	87,550	80,242
Operating Lease, Liability	$ 113,967	$ 105,492
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities	Other non-current liabilities

Lease Commitments Lease Commitm

Lease Commitments Lease Commitments (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Leases [Abstract]
2024	$ 29,818
2025	25,794
2026	22,028
2027	16,381
2028	12,432
2029 and thereafter	19,028
Total future lease commitments	125,481
Less imputed interest	11,514
Operating Lease, Liability	$ 113,967	$ 105,492

Lease Commitments Other Lease I

Lease Commitments Other Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating Lease, Payments	$ 30,117	$ 28,104
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 28,524	$ 20,725
Operating Lease, Weighted Average Remaining Lease Term	5 years 2 months 12 days	5 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	3.60%	2.90%

Segment Information Segment Inf

Segment Information Segment Information - Narrative (Details)	12 Months Ended
	Dec. 30, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Information - Results o

Segment Information - Results of Business Segments (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 30, 2023	Dec. 31, 2022		Jan. 01, 2022
Segment Reporting Information [Line Items]
Net sales		$ 4,036,605	$ 4,032,853		$ 3,250,792
Operating Income (Loss)	[1]	634,868	639,604		629,992
Depreciation	[2]	50,416	44,619		42,681
Amortization expense		82,188	93,441		82,562
Net capital expenditures		85,179	67,289		46,551
Total assets		6,906,692	6,874,866		6,383,598
Long-lived assets	[3]	761,447	662,804		557,667
Commercial Foodservice Equipment Group
Segment Reporting Information [Line Items]
Net sales		2,521,471	2,394,762		2,014,372
Operating Income (Loss)	[1]	616,224	548,536		421,717	[4]
Depreciation	[2]	27,323	24,299		23,742
Amortization expense		56,728	54,872		54,461
Net capital expenditures		39,272	28,718		26,022
Total assets		3,751,746	3,788,245		3,520,821
Long-lived assets	[3]	340,375	318,457		291,320
Food Processing Group
Segment Reporting Information [Line Items]
Net sales		720,618	589,969		499,135
Operating Income (Loss)	[1]	158,469	107,459		95,818
Depreciation	[2]	7,949	6,045		5,673
Amortization expense		9,271	14,034		9,696
Net capital expenditures		14,999	13,957		9,596
Total assets		1,009,857	983,797		639,061
Long-lived assets	[3]	98,920	84,370		56,207
Residential Kitchen
Segment Reporting Information [Line Items]
Net sales		794,516	1,048,122		737,285
Operating Income (Loss)	[1]	(12,450)	127,948		124,701	[4]
Depreciation	[2]	13,637	13,596		12,655
Amortization expense		9,052	17,376		11,628
Net capital expenditures		25,960	20,604		9,232
Total assets		1,941,204	1,972,351		2,153,758
Long-lived assets	[3]	227,131	151,499		169,028
Corporate and Other
Segment Reporting Information [Line Items]
Net sales	[5]	0	0		0
Operating Income (Loss)	[1],[5],[6]	(127,375)	(144,339)	[7]	(12,244)	[7]
Depreciation	[2],[5]	1,507	679		611
Amortization expense	[5],[6],[8]	7,137	7,159		6,777
Net capital expenditures	[5]	4,948	4,010		1,701
Total assets	[5]	203,885	130,473		69,958
Long-lived assets	[3],[5]	$ 95,021	$ 108,478		$ 41,112

[1]Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details[2] Includes depreciation on right of use assets. Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets. Gain on sale of plant is included in Commercial Foodservice and Residential Kitchen for 2021. Includes corporate and other general company assets and operations. Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations. Termination fee from Welbilt merger is included in Corporate and Other. Includes amortization of deferred financing costs and Convertible Notes issuance costs.

Segment Information - Long-live

Segment Information - Long-lived assets (Details) - USD ($) $ in Thousands		Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Segment Reporting Information [Line Items]
Long-lived assets	[1]	$ 761,447	$ 662,804	$ 557,667
United States And Canada
Segment Reporting Information [Line Items]
Long-lived assets		502,479	471,375	379,431
Asia
Segment Reporting Information [Line Items]
Long-lived assets		40,849	35,965	17,818
Europe And Middle East
Segment Reporting Information [Line Items]
Long-lived assets		205,621	142,326	152,384
Latin America
Segment Reporting Information [Line Items]
Long-lived assets		12,498	13,138	8,034
Total International
Segment Reporting Information [Line Items]
Long-lived assets		$ 258,968	$ 191,429	$ 178,236

[1] Long-lived assets consist of property, plant and equipment, long-term deferred tax assets and other assets.

Employee Retirement Plans Summa

Employee Retirement Plans Summary of the Plans' Net Periodic Pension Cost, Benefit Obligations, Funded Status, and Net Balance Sheet Position (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Amounts recognized in balance sheet at year end:
Liability, Defined Benefit Pension Plan, Noncurrent	$ 12,128	$ 14,948
Non US Plans
Net Periodic Pension Cost:
Interest cost	46,046	25,032
Expected return on assets	(58,766)	(74,581)
Amortization of net loss	(186)	(3,671)
Amortization of prior service cost	2,601	2,589
Defined Benefit Plan, Net Periodic Benefit Cost	(9,933)	(43,289)
Change in Benefit Obligation:
Benefit obligation – beginning of year	946,153	1,544,147
Interest cost	46,046	25,032
Actuarial loss (gain)	1,970	(409,462)
Net benefit payments	(59,018)	(59,682)
Exchange effect	53,955	(153,882)
Benefit obligation – end of year	989,106	946,153
Change in Plan Assets:
Plan assets at fair value – beginning of year	943,757	1,342,601
Company contributions	6,012	5,442
Investment gain (loss)	81,945	(207,270)
Benefit payments and plan expenses	(59,018)	(59,682)
Exchange effect	54,725	(137,334)
Plan assets at fair value – end of year	1,027,421	943,757
Funded Status:
Unfunded benefit obligation	38,315	2,396
Amounts recognized in balance sheet at year end:
Liability, Defined Benefit Pension Plan, Noncurrent	38,315	2,396
Pre-tax components in accumulated other comprehensive income at period end:
Net actuarial loss	103,705	121,292
Current year actuarial gain	(17,079)	(148,515)
Actuarial loss recognized	(150)	(4,272)
Prior service cost recognized	(360)	(7,666)
Total amount recognized	17,589	160,453
Accumulated Benefit Obligation	$ 989,081	$ 946,136
Salary growth rate	0.80%	0.80%
Assumed discount rate	4.60%	4.80%
Expected return on assets	6.20%	6.20%
USPlans
Net Periodic Pension Cost:
Interest cost	$ 1,315	$ 923
Expected return on assets	(873)	(1,073)
Amortization of net loss	(420)	(758)
Amortization of prior service cost	0	0
Defined Benefit Plan, Net Periodic Benefit Cost	862	608
Change in Benefit Obligation:
Benefit obligation – beginning of year	27,550	36,423
Interest cost	1,315	923
Actuarial loss (gain)	539	(8,060)
Net benefit payments	(1,745)	(1,736)
Exchange effect	0	0
Benefit obligation – end of year	27,659	27,550
Change in Plan Assets:
Plan assets at fair value – beginning of year	14,998	18,289
Company contributions	1,114	1,173
Investment gain (loss)	1,384	(2,728)
Benefit payments and plan expenses	(1,745)	(1,736)
Exchange effect	0	0
Plan assets at fair value – end of year	15,751	14,998
Funded Status:
Unfunded benefit obligation	11,908	12,552
Amounts recognized in balance sheet at year end:
Liability, Defined Benefit Pension Plan, Noncurrent	11,908	12,552
Pre-tax components in accumulated other comprehensive income at period end:
Net actuarial loss	2,011	2,402
Current year actuarial gain	28	(4,259)
Actuarial loss recognized	(420)	(758)
Prior service cost recognized	0	0
Total amount recognized	392	5,017
Accumulated Benefit Obligation	$ 27,659	$ 27,550
Assumed discount rate	4.80%	4.90%
Expected return on assets	6%	6%

Employee Retirement Plans Sum_2

Employee Retirement Plans Summary classes of security by percentage (Details)	Dec. 30, 2023	Dec. 31, 2022
USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100%	100%
Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100%	100%
Equity Securities [Member] \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	48%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	43%	45%
Equity Securities [Member] \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	17%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	11%	10%
Fixed Income Securities [Member] \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	40%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	42%	40%
Fixed Income Securities [Member] \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	38%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	69%	55%
Money Market Instruments [Member] \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	4%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	6%	5%
Money Market Instruments [Member] \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	32%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	5%	19%
Other (real estate & commodities) [Member] \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	8%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	9%	10%
Other (real estate & commodities) [Member] \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	13%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	9%	10%
Cash and Cash Equivalents \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	6%	6%

Employee Retirement Plans Sum_3

Employee Retirement Plans Summary of the Basis Used to Measure Pension Plans' Assets at Fair Value (Details) - USD ($)		Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		$ 15,751,000	$ 14,998,000	$ 18,289,000
Defined Benefit Plan, Net Asset Value of Plan Assets		920,000	771,000
Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,027,421,000	943,757,000	$ 1,342,601,000
Defined Benefit Plan, Net Asset Value of Plan Assets		883,291,000	832,726,000
Short Term Investment Fund \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	[1]	920,000	771,000
Defined Benefit Plan, Net Asset Value of Plan Assets	[1]	920,000	771,000
Real Estate Funds \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		663,000	602,000
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Hedge Funds, Multi-strategy \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		8,361,000	30,266,000
Defined Benefit Plan, Net Asset Value of Plan Assets		8,361,000	30,266,000
Leveraged Loans \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		14,475,000	8,539,000
Defined Benefit Plan, Net Asset Value of Plan Assets		14,475,000	8,539,000
Alternative Investment [Member] \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		(148,902,000)	(52,849,000)
Defined Benefit Plan, Net Asset Value of Plan Assets		(149,962,000)	(54,432,000)
U S Large Cap \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		2,862,000	2,818,000
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
U S Mid Cap \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		373,000	555,000
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
U S Small Cap \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		388,000	329,000
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
International Equity Securities \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,218,000	3,002,000
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Government/Corporate \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		4,776,000	4,973,000
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
High Yield Fixed Income \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,063,000	1,041,000
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Commodities Contracts \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		783,000	907,000
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Cash and Cash Equivalents \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		64,285,000	52,041,000
Defined Benefit Plan, Net Asset Value of Plan Assets		28,333,000	39,297,000
Equity Securities, U K Market \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,665,000	3,677,000
Defined Benefit Plan, Net Asset Value of Plan Assets		3,620,000	3,609,000
Equity Securities, International, Developed \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		89,498,000	70,611,000
Defined Benefit Plan, Net Asset Value of Plan Assets		87,760,000	67,977,000
Equity Securities, international, Emerging \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		20,698,000	18,642,000
Defined Benefit Plan, Net Asset Value of Plan Assets		20,530,000	18,344,000
Equity Securities, Unquoted Private Equity \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		282,000	2,083,000
Defined Benefit Plan, Net Asset Value of Plan Assets		282,000	2,083,000
Fixed Income, Government/Corporate, U K \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		247,618,000	191,868,000
Defined Benefit Plan, Net Asset Value of Plan Assets		236,569,000	182,935,000
Fixed Income, Government/Corporate, International \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		133,279,000	127,485,000
Defined Benefit Plan, Net Asset Value of Plan Assets		133,279,000	127,485,000
Fixed Income, Government/Corporate, Index Linked \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		322,408,000	199,220,000
Defined Benefit Plan, Net Asset Value of Plan Assets		320,320,000	197,787,000
Fixed Income, Government/Corporate, Other \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,222,000	1,806,000
Defined Benefit Plan, Net Asset Value of Plan Assets		3,222,000	1,806,000
Real Estate Funds, Direct \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		91,993,000	83,280,000
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Real Estate Funds,Indirect \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,768,000	5,073,000
Defined Benefit Plan, Net Asset Value of Plan Assets		1,731,000	5,015,000
Hedge Fund, Arbitrage&Event \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		10,731,000	22,398,000
Defined Benefit Plan, Net Asset Value of Plan Assets		10,731,000	22,398,000
Hedge Fund, Directional Trading&Fixed Income \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		315,000	6,099,000
Defined Benefit Plan, Net Asset Value of Plan Assets		315,000	6,099,000
Hedge Fund, Cash & Other \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		162,812,000	169,504,000
Defined Benefit Plan, Net Asset Value of Plan Assets		162,812,000	169,504,000
Hedge Fund, Direct Sourcing \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		913,000	4,014,000
Defined Benefit Plan, Net Asset Value of Plan Assets		913,000	4,014,000
Other Debt Obligations \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		705,000	0
Defined Benefit Plan, Net Asset Value of Plan Assets		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		14,831,000	14,227,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		26,360,000	20,379,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Short Term Investment Fund \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	[1]	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Real Estate Funds \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		663,000	602,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Hedge Funds, Multi-strategy \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Leveraged Loans \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Alternative Investment [Member] \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,060,000	1,583,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| U S Large Cap \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		2,862,000	2,818,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| U S Mid Cap \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		373,000	555,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| U S Small Cap \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		388,000	329,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| International Equity Securities \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		3,218,000	3,002,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Government/Corporate \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		4,776,000	4,973,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| High Yield Fixed Income \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,063,000	1,041,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Commodities Contracts \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		783,000	907,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Cash and Cash Equivalents \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		10,175,000	5,372,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Equity Securities, U K Market \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		45,000	68,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Equity Securities, International, Developed \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		1,738,000	2,634,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Equity Securities, international, Emerging \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		168,000	298,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Equity Securities, Unquoted Private Equity \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Fixed Income, Government/Corporate, U K \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		11,049,000	8,933,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Fixed Income, Government/Corporate, International \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Fixed Income, Government/Corporate, Index Linked \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		2,088,000	1,433,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Fixed Income, Government/Corporate, Other \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Real Estate Funds, Direct \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Real Estate Funds,Indirect \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		37,000	58,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Hedge Fund, Arbitrage&Event \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Hedge Fund, Directional Trading&Fixed Income \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Hedge Fund, Cash & Other \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Hedge Fund, Direct Sourcing \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Other Debt Obligations \| USPlans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		705,000	0
Significant Observable Inputs (Level 2) \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		117,770,000	90,652,000
Significant Observable Inputs (Level 2) \| Hedge Funds, Multi-strategy \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Leveraged Loans \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Alternative Investment [Member] \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Cash and Cash Equivalents \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		25,777,000	7,372,000
Significant Observable Inputs (Level 2) \| Equity Securities, U K Market \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Equity Securities, International, Developed \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Equity Securities, international, Emerging \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Equity Securities, Unquoted Private Equity \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Fixed Income, Government/Corporate, U K \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Fixed Income, Government/Corporate, International \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Fixed Income, Government/Corporate, Index Linked \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Fixed Income, Government/Corporate, Other \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Real Estate Funds, Direct \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		91,993,000	83,280,000
Significant Observable Inputs (Level 2) \| Real Estate Funds,Indirect \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Hedge Fund, Arbitrage&Event \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Hedge Fund, Directional Trading&Fixed Income \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Hedge Fund, Cash & Other \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Observable Inputs (Level 2) \| Hedge Fund, Direct Sourcing \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Hedge Funds, Multi-strategy \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Leveraged Loans \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Alternative Investment [Member] \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Cash and Cash Equivalents \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Equity Securities, U K Market \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Equity Securities, International, Developed \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Equity Securities, international, Emerging \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Equity Securities, Unquoted Private Equity \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Fixed Income, Government/Corporate, U K \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Fixed Income, Government/Corporate, International \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Fixed Income, Government/Corporate, Index Linked \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Fixed Income, Government/Corporate, Other \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Real Estate Funds, Direct \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Real Estate Funds,Indirect \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Hedge Fund, Arbitrage&Event \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Hedge Fund, Directional Trading&Fixed Income \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Hedge Fund, Cash & Other \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		0	0
Significant Unobservable Inputs (Level 3) \| Hedge Fund, Direct Sourcing \| Non US Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount		$ 0	$ 0

[1] Represents collective short term investment fund, composed of high-grade money market instruments with short maturities.

Employee Retirement Plans Estim

Employee Retirement Plans Estimated Future Benefit Payments under the Plans (Details) $ in Thousands	Dec. 30, 2023 USD ($)
USPlans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2024	$ 1,849
2025	1,867
2026	1,906
2027	1,944
2028 through 2033	11,534
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	600
Non US Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2024	58,680
2025	59,708
2026	59,409
2027	59,459
2028 through 2033	356,302
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 5,800

Employee Retirement Plans - Add

Employee Retirement Plans - Additional Information (Details)	12 Months Ended
	Dec. 30, 2023 plan
Retirement Benefits [Abstract]
Number of defined contribution 401K savings plans	2

Restructuring Restructuring Cha

Restructuring Restructuring Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 14,134	$ 9,716	$ 7,655
Residential Kitchen
Restructuring Cost and Reserve [Line Items]
Effects on Future Earnings, Restructuring	12,000
Residential Kitchen
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 9,400	$ 5,100

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance Beginning Of Period	$ 20,295	$ 18,770	$ 19,225
Additions/ (Recoveries) Charged to Expense	5,886	4,311	809
Other Adjustments (1)	973	776	554
Write-Offs During the Period	(3,690)	(3,562)	(1,818)
Balance At End Of Period	23,464	20,295	18,770
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance Beginning Of Period	11,599	10,222	11,731
Additions/ (Recoveries) Charged to Expense	4,150	1,377	1,138
Write-Offs During the Period	0	0	(2,647)
Balance At End Of Period	$ 15,749	$ 11,599	$ 10,222

Uncategorized Items - midd-2023

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 268,103,000