$MIDD
MIDDLEBY Corp Stock $midd

$midd Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000076952016000013 Filed on May 12, 2016

Income Statement

Concept	2016 Q2	2015 Q2	2014 Q3
Revenue	$516.4M	$406.6M	$404.3M
YoY Change	26.99%	-4.28%	12.3%
Cost Of Revenue	$319.6M	$249.0M	$241.9M
YoY Change	28.33%	-3.7%	10.68%
Gross Profit	$196.8M	$157.6M	$162.4M
YoY Change	24.89%	-5.18%	14.81%
Gross Profit Margin	38.11%	38.75%	40.16%
Selling, General & Admin	$109.8M	$86.38M	$82.43M
YoY Change	27.1%	-4.48%	11.47%
% of Gross Profit	55.8%	54.82%	50.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$14.93M	$11.23M	$10.62M
YoY Change	32.92%	4.07%	15.43%
% of Gross Profit	7.59%	7.13%	6.54%
Operating Expenses	$109.8M	$86.38M	$82.43M
YoY Change	27.1%	-4.48%	11.47%
Operating Profit	$86.38M	$66.58M	$86.47M
YoY Change	29.73%	-12.09%	28.12%
Interest Expense	-$5.300M	-$3.700M	-$3.900M
YoY Change	43.24%	-11.9%	-7.14%
% of Operating Profit	-6.14%	-5.56%	-4.51%
Other Income/Expense, Net	$800.0K	-$4.561M	-$993.0K
YoY Change	-117.54%	2238.97%	-28.77%
Pretax Income	$81.90M	$58.27M	$81.58M
YoY Change	40.55%	-18.36%	31.91%
Income Tax	$27.36M	$20.04M	$21.86M
% Of Pretax Income	33.41%	34.39%	26.8%
Net Earnings	$54.54M	$38.23M	$59.71M
YoY Change	42.65%	-21.02%	45.85%
Net Earnings / Revenue	10.56%	9.4%	14.77%
Basic Earnings Per Share	$0.96	$0.67	$1.05
Diluted Earnings Per Share	$0.96	$0.67	$1.05
COMMON SHARES
Basic Shares Outstanding	57.05M shares	56.92M shares	56.87M shares
Diluted Shares Outstanding	57.05M shares	56.92M shares	56.87M shares

Balance Sheet

Concept	2016 Q2	2015 Q2	2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$55.70M	$54.30M	$38.20M
YoY Change	2.58%	68.11%	29.93%
Cash & Equivalents	$55.68M	$54.26M	$54.26M
Short-Term Investments
Other Short-Term Assets	$101.7M	$92.00M	$75.50M
YoY Change	10.54%	3.02%	-5.15%
Inventory	$367.6M	$276.4M	$260.0M
Prepaid Expenses
Receivables	$300.9M	$239.3M	$228.5M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$825.9M	$662.0M	$602.1M
YoY Change	24.77%	8.29%	17.11%
LONG-TERM ASSETS
Property, Plant & Equipment	$199.1M	$142.1M	$128.6M
YoY Change	40.12%	8.73%	9.24%
Goodwill	$984.0M	$819.3M	$723.6M
YoY Change	20.11%	13.9%	13.83%
Intangibles	$734.8M	$494.4M	$437.7M
YoY Change	48.63%	11.99%	4.23%
Long-Term Investments
YoY Change
Other Assets	$23.29M	$21.40M	$18.94M
YoY Change	8.82%	6.89%	46.42%
Total Long-Term Assets	$233.2M	$274.3M	$150.4M
YoY Change	-14.97%	78.06%	15.11%
TOTAL ASSETS
Total Short-Term Assets	$825.9M	$662.0M	$602.1M
Total Long-Term Assets	$233.2M	$274.3M	$150.4M
Total Assets	$2.778B	$2.143B	$2.917B
YoY Change	29.64%	11.25%	71.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$156.2M	$111.4M	$101.7M
YoY Change	40.16%	5.79%	7.53%
Accrued Expenses	$300.0M	$213.4M	$219.4M
YoY Change	40.59%	5.34%	17.2%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$57.05M	$8.926M	$8.831M
YoY Change	539.1%	8.72%	1035.09%
Total Short-Term Liabilities	$513.2M	$333.7M	$329.9M
YoY Change	53.78%	5.58%	16.77%
LONG-TERM LIABILITIES
Long-Term Debt	$706.1M	$630.1M	$506.6M
YoY Change	12.06%	7.81%	-5.6%
Other Long-Term Liabilities	$30.28M	$58.31M	$45.99M
YoY Change	-48.07%	38.74%	-16.04%
Total Long-Term Liabilities	$736.4M	$688.4M	$552.5M
YoY Change	6.96%	9.88%	-6.57%
TOTAL LIABILITIES
Total Short-Term Liabilities	$513.2M	$333.7M	$329.9M
Total Long-Term Liabilities	$736.4M	$688.4M	$552.5M
Total Liabilities	$1.250B	$1.022B	$882.5M
YoY Change	22.25%	8.44%	0.98%
SHAREHOLDERS EQUITY
Retained Earnings	$1.170B	$961.9M	$871.9M
YoY Change	21.62%	18.43%	28.14%
Common Stock	$144.0K	$144.0K	$144.0K
YoY Change	0.0%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$205.3M	$200.9M	$196.0M
YoY Change	2.2%	2.47%	29.87%
Treasury Stock Shares	4.862M shares	4.862M shares	4.817M shares
Shareholders Equity	$1.224B	$1.028B	$963.0M
YoY Change
Total Liabilities & Shareholders Equity	$2.778B	$2.143B	$1.914B
YoY Change	29.64%	11.25%	12.55%

Cashflow Statement

Concept	2016 Q2	2015 Q2	2014 Q3
OPERATING ACTIVITIES
Net Income	$54.54M	$38.23M	$59.71M
YoY Change	42.65%	-21.02%	45.85%
Depreciation, Depletion And Amortization	$14.93M	$11.23M	$10.62M
YoY Change	32.92%	4.07%	15.43%
Cash From Operating Activities	$14.51M	$23.76M	$102.7M
YoY Change	-38.94%	-68.45%	72.32%
INVESTING ACTIVITIES
Capital Expenditures	$7.693M	$6.117M	-$3.100M
YoY Change	25.76%	-260.97%	3.33%
Acquisitions	$0.00
YoY Change
Other Investing Activities	$0.00	-$46.50M	-$16.00M
YoY Change	-100.0%	210.0%	-242.86%
Cash From Investing Activities	-$7.693M	-$52.62M	-$19.10M
YoY Change	-85.38%	181.36%	-330.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$4.418M	$4.836M
YoY Change	-8.64%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$6.948M	$39.49M	-77.10M
YoY Change	-117.59%	-162.88%	4.47%
NET CHANGE
Cash From Operating Activities	$14.51M	$23.76M	102.7M
Cash From Investing Activities	-$7.693M	-$52.62M	-19.10M
Cash From Financing Activities	-$6.948M	$39.49M	-77.10M
Net Change In Cash	-$136.0K	$10.63M	6.500M
YoY Change	-101.28%	-271.45%	-210.17%
FREE CASH FLOW
Cash From Operating Activities	$14.51M	$23.76M	$102.7M
Capital Expenditures	$7.693M	$6.117M	-$3.100M
Free Cash Flow	$6.812M	$17.64M	$105.8M
YoY Change	-61.38%	-77.7%	69.01%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q2	midd	Capital Expenditures Net CapitalExpendituresNet	7693000	USD
CY2016Q2	midd	Debt Instrument Interest Additional Interest Above Libor Rate DebtInstrumentInterestAdditionalInterestAboveLiborRate	0.0150
CY2016Q1	midd	Accrued Rebate Current AccruedRebateCurrent	45154000	USD
CY2016Q2	midd	Accrued Rebate Current AccruedRebateCurrent	27258000	USD
CY2016Q1	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	6266000	USD
CY2016Q2	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	3707000	USD
CY2015Q2	midd	Capital Expenditures Net CapitalExpendituresNet	6117000	USD
CY2016Q2	dei	Amendment Flag AmendmentFlag	false
CY2016Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q2	dei	Document Period End Date DocumentPeriodEndDate	2016-04-02
CY2016Q2	dei	Document Type DocumentType	10-Q
CY2016Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000769520
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	57539766	shares
CY2016Q2	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016Q2	dei	Entity Registrant Name EntityRegistrantName	Middleby Corp
CY2016Q1	midd	Accrued Product Liability And Workers Compensation Liability Current AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent	11635000	USD
CY2016Q2	midd	Accrued Product Liability And Workers Compensation Liability Current AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent	11880000	USD
CY2016Q2	midd	Derivative Fixed Interest Rate Current DerivativeFixedInterestRateCurrent	0.0082
CY2016Q2	midd	Derivative Fixed Interest Rate Non Current DerivativeFixedInterestRateNonCurrent	0.0094
CY2016Q2	midd	Derivative Notional Amount Current DerivativeNotionalAmountCurrent	65000000	USD
CY2016Q2	midd	Derivative Notional Amount Non Current DerivativeNotionalAmountNonCurrent	110000000	USD
CY2016Q2	midd	Excess Tax Detriment Share Based Compensation Financing Activities ExcessTaxDetrimentShareBasedCompensationFinancingActivities	834000	USD
CY2016Q2	midd	Fixed Charge Coverage Ratio FixedChargeCoverageRatio	0
CY2016Q2	midd	Goodwill Translation Accounting Adjustments GoodwillTranslationAccountingAdjustments	476000	USD
CY2016Q2	midd	Line Of Credit Average Interest Rate LineOfCreditAverageInterestRate	0.0200
CY2016Q2	midd	Lineofcredit Currentand Noncurrent Foreign LineofcreditCurrentandNoncurrentForeign	7400000	USD
CY2016Q1	midd	Midd Accrued Product Recall Midd_AccruedProductRecall	7786000	USD
CY2016Q2	midd	Midd Accrued Product Recall Midd_AccruedProductRecall	7172000	USD
CY2016Q2	midd	Number Of Plans NumberOfPlans	2	plan
CY2015Q2	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
CY2016Q2	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
CY2016Q2	midd	Recognized Tax Expense RecognizedTaxExpense	900000	USD
CY2015Q2	midd	Repayments Of Proceeds From Revolving Credit Facilities RepaymentsOfProceedsFromRevolvingCreditFacilities	41500000	USD
CY2016Q2	midd	Repayments Of Proceeds From Revolving Credit Facilities RepaymentsOfProceedsFromRevolvingCreditFacilities	-28000000	USD
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	157758000	USD
CY2016Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	156175000	USD
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	282534000	USD
CY2016Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	300907000	USD
CY2016Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	320154000	USD
CY2016Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	300011000	USD
CY2016Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	7019000	USD
CY2016Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	8317000	USD
CY2016Q1	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	9948000	USD
CY2016Q2	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	9515000	USD
CY2016Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	82998000	USD
CY2016Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	85836000	USD
CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-76412000	USD
CY2016Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-73151000	USD
CY2016Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	328686000	USD
CY2016Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	332811000	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	9091000	USD
CY2016Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	9175000	USD
CY2014Q3	us-gaap	Assets Assets	2142836000	USD
CY2016Q1	us-gaap	Assets Assets	2761151000	USD
CY2016Q2	us-gaap	Assets Assets	2777944000	USD
CY2016Q1	us-gaap	Assets Current AssetsCurrent	795162000	USD
CY2016Q2	us-gaap	Assets Current AssetsCurrent	825947000	USD
CY2015Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	167193000	USD
CY2016Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	233204000	USD
CY2015Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	0.49
CY2016Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	0.96
CY2015Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	0.49
CY2016Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	0.96
CY2015Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	28091000	USD
CY2016Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	54538000	USD
CY2015Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	553114000	USD
CY2016Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	516355000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	43945000	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	54259000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	55528000	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	55681000	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	10314000	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	153000	USD
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	95000000	shares
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	95000000	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	62088592	shares
CY2016Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	62189296	shares
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	144000	USD
CY2016Q2	us-gaap	Common Stock Value CommonStockValue	144000	USD
CY2015Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	22082000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	57799000	USD
CY2015Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	249034000	USD
CY2016Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	319582000	USD
CY2016Q1	us-gaap	Customer Deposits Current CustomerDepositsCurrent	57595000	USD
CY2016Q2	us-gaap	Customer Deposits Current CustomerDepositsCurrent	56871000	USD
CY2016Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	766061000	USD
CY2016Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	763120000	USD
CY2016Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	766061000	USD
CY2016Q2	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	763120000	USD
CY2015Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2975000	USD
CY2016Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	9091000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	51723000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	51902000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	11438000	USD
CY2016Q2	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	10833000	USD
CY2016Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	113010000	USD
CY2016Q2	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	121675000	USD
CY2016Q1	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	207564000	USD
CY2016Q2	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	182343000	USD
CY2015Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11232000	USD
CY2016Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	14930000	USD
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.67
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.96
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.67
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.96
CY2015Q2	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-316000	USD
CY2016Q2	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	289000	USD
CY2016Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	65623000	USD
CY2016Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	64497000	USD
CY2015Q2	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	2402000	USD
CY2015Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	39273000	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	56103000	USD
CY2016Q1	us-gaap	Goodwill Goodwill	983339000	USD
CY2016Q2	us-gaap	Goodwill Goodwill	983998000	USD
CY2016Q2	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	USD
CY2016Q2	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	183000	USD
CY2015Q2	us-gaap	Gross Profit GrossProfit	157562000	USD
CY2016Q2	us-gaap	Gross Profit GrossProfit	196773000	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	58270000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	81899000	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	20039000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	27361000	USD
CY2015Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid	16100000	USD
CY2016Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid	12200000	USD
CY2015Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	8333000	USD
CY2016Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1240000	USD
CY2015Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	5209000	USD
CY2016Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	19576000	USD
CY2015Q2	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-21000000	USD
CY2016Q2	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-36555000	USD
CY2015Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	15023000	USD
CY2016Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	12802000	USD
CY2015Q2	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-2188000	USD
CY2016Q2	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1160000	USD
CY2016Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	749430000	USD
CY2016Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	734795000	USD
CY2015Q2	us-gaap	Interest And Debt Expense InterestAndDebtExpense	3749000	USD
CY2016Q2	us-gaap	Interest And Debt Expense InterestAndDebtExpense	5276000	USD
CY2015Q2	us-gaap	Interest Paid InterestPaid	3300000	USD
CY2016Q2	us-gaap	Interest Paid InterestPaid	4800000	USD
CY2016Q2	us-gaap	Interest Rate Derivative Liabilities At Fair Value InterestRateDerivativeLiabilitiesAtFairValue	600000	USD
CY2016Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	180262000	USD
CY2016Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	192432000	USD
CY2016Q1	us-gaap	Inventory Gross InventoryGross	354150000	USD
CY2016Q2	us-gaap	Inventory Gross InventoryGross	367639000	USD
CY2016Q1	us-gaap	Inventory Net InventoryNet	354150000	USD
CY2016Q2	us-gaap	Inventory Net InventoryNet	367639000	USD
CY2016Q1	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	139117000	USD
CY2016Q2	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	141608000	USD
CY2016Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	34771000	USD
CY2016Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	33599000	USD
CY2016Q1	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	35600000	USD
CY2016Q2	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	37500000	USD
CY2016Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	6500000	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2761151000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2777944000	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	509971000	USD
CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	513232000	USD
CY2016Q1	us-gaap	Line Of Credit LineOfCredit	733000000	USD
CY2016Q2	us-gaap	Line Of Credit LineOfCredit	705000000	USD
CY2016Q2	us-gaap	Line Of Credit Facility Commitment Fee Percentage LineOfCreditFacilityCommitmentFeePercentage	0.0025
CY2016Q2	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.0792
CY2016Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1000000000	USD
CY2016Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	288500000	USD
CY2016Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	32059000	USD
CY2016Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	57046000	USD
CY2016Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	734002000	USD
CY2016Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	706074000	USD
CY2015Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	39489000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6948000	USD
CY2015Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-52615000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7693000	USD
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CY2016Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	14505000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	38231000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	54538000	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	66580000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	86375000	USD
CY2016Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	57690000	USD
CY2016Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	63257000	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	22032000	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	23290000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	3261000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	3457000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-15791000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-396000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-114000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	3778000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-472000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-121000	USD
CY2016Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	29774000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	30284000	USD
CY2016Q1	us-gaap	Other Long Term Debt OtherLongTermDebt	248000	USD
CY2016Q2	us-gaap	Other Long Term Debt OtherLongTermDebt	239000	USD
CY2015Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-4561000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	800000	USD
CY2015Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4836000	USD
CY2016Q2	us-gaap	Percentage Of Lifo Inventory PercentageOfLIFOInventory	0.102
CY2016Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4418000	USD
CY2015Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6117000	USD
CY2016Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7693000	USD
CY2016Q1	us-gaap	Percentage Of Lifo Inventory PercentageOfLIFOInventory	0.101
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2016Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	39801000	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	43604000	USD
CY2016Q1	us-gaap	Prepaid Taxes PrepaidTaxes	11426000	USD
CY2016Q2	us-gaap	Prepaid Taxes PrepaidTaxes	6214000	USD
CY2015Q2	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-9000	USD
CY2016Q2	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-9000	USD
CY2015Q2	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	432000	USD
CY2016Q2	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	26313000	USD
CY2016Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	37901000	USD
CY2016Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	37847000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	0	USD
CY2016Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	37901000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	37847000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	11589000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	11535000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	199750000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	199081000	USD
CY2016Q2	us-gaap	Ratio Of Indebtedness To Net Capital1 RatioOfIndebtednessToNetCapital1	0
CY2016Q2	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-196000	USD
CY2015Q2	us-gaap	Restructuring Charges RestructuringCharges	4600000	USD
CY2016Q2	us-gaap	Restructuring Charges RestructuringCharges	606000	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1115274000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1169812000	USD
CY2016Q1	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	13537000	USD
CY2016Q2	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	9690000	USD
CY2015Q2	us-gaap	Sales Revenue Net SalesRevenueNet	406596000	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	516355000	USD
CY2015Q2	us-gaap	Selling Expense SellingExpense	47109000	USD
CY2016Q2	us-gaap	Selling Expense SellingExpense	53689000	USD
CY2015Q2	us-gaap	Share Based Compensation ShareBasedCompensation	2029000	USD
CY2016Q2	us-gaap	Share Based Compensation ShareBasedCompensation	4959000	USD
CY2016Q2	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	1800000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	1166830000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	1224336000	USD
CY2016Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	4816912	shares
CY2016Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	4862264	shares
CY2016Q1	us-gaap	Treasury Stock Value TreasuryStockValue	200862000	USD
CY2016Q2	us-gaap	Treasury Stock Value TreasuryStockValue	205280000	USD
CY2016Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	14400000	USD
CY2016Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued	3800000	USD
CY2016Q1	us-gaap	Unrecognized Tax Benefits Interest On Income Taxes Accrued UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued	1900000	USD
CY2016Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	14100000	USD
CY2015Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57051000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	56917000	shares
CY2016Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56918000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57051000	shares
CY2016Q2	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recently Issued Accounting Standards</font></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounts Standards Board ("FASB") issued ASU No. 2014-09, “Revenue from Contracts with Customers”. This update amends the current guidance on revenue recognition related to contracts with customers. Under ASU No. 2014-09, an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In early 2016, the FASB issued additional updates: ASU No. 2016-10, 2016-11 and 2016-12. These updates provide further guidance and clarification on specific items within the previously issued update. In July 2015, the FASB decided to delay the effective date of the new revenue standard to be effective for interim and annual periods beginning on or after December 15, 2017 for public companies. Companies may elect to adopt the standard at the original effective date for public entities, that is, for interim and annual periods beginning on or after December 15, 2016, but not earlier. The guidance can be applied using one of two retrospective application methods. The company is evaluating the impact the application of these ASU's will have, if any, on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2014, the FASB issued ASU No. 2014-12, “Compensation - Stock Compensation”. This update requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update is effective for annual and corresponding interim reporting periods beginning on or after December 15, 2015. Early adoption is permitted. The adoption of this guidance did not have an impact on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2015, the FASB issued ASU No. 2015-01, "Income Statement - Extraordinary and Unusual Items". This update eliminates the concept of extraordinary items from the current guidance. This update is effective for annual and corresponding interim reporting periods beginning after December 15, 2015. Early adoption is permitted provided the guidance is applied from the beginning of the fiscal year of adoption. Retrospective application is encouraged for all prior periods presented in the financial statements. The adoption of this guidance did not have an impact on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs", which requires debt issuance costs to be recorded as a direct reduction of the debt liability on the balance sheet rather than as an asset. The standard is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted. The new guidance will be applied retrospectively to each prior period presented. The adoption of this guidance did not have an impact on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-04, "Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets". This ASU is intended to provide a practical expedient for the measurement date of defined benefit plan assets and obligations. The practical expedient allows employers with fiscal year-end dates that do not fall on a calendar month-end (e.g., companies with a 52/53-week fiscal year) to measure pension and post-retirement benefit plan assets and obligations as of the calendar month-end date closest to the fiscal year-end. The FASB also provided a similar practical expedient for interim remeasurements for significant events. This ASU requires perspective application and is effective for annual reporting periods beginning after December 15, 2015 and interim periods within those fiscal years. Early adoption is permitted. The adoption of this guidance did not have an impact on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2015, the FASB issued ASU 2015-15, “Interest - Imputation of Interest” which relates to the presentation of debt issuance costs. This standard clarifies the guidance set forth in FASB ASU 2015-03, which required that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the debt liability rather than as an asset. The new pronouncement clarifies that debt issuance costs related to line-of-credit arrangements could continue to be presented as an asset and be subsequently amortized over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the arrangement. The company does not expect the adoption of this standard to have a material impact on its consolidated balance sheets.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory,” which is intended to simplify the subsequent measurement of inventories by replacing the current lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined by methods other than last-in first-out and the retail inventory method. Application of the standard, which should be applied prospectively, is required for the annual and interim periods beginning after December 15, 2016. Early adoption is permitted. The company is evaluating the impact the application of this ASU will have, if any, on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments”, which eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively.  Instead, acquirers must recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date.  The ASU is effective for public business entities for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted. The adoption of this guidance did not have an impact on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2015, the FASB issued ASU 2015-17 "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes". The amendments in ASU 2015-17 simplify the accounting for, and presentation of, deferred taxes by eliminating the need to separately classify the current amount of deferred tax assets or liabilities. Instead, aggregated deferred tax assets and liabilities are classified and reported as non-current assets or liabilities. The update is effective for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2016. Early adoption is permitted for financial statements that have not been issued. The company is evaluating the impact the application of this ASU will have, if any, on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)". The amendments under this pronouncement will change the way all leases with a duration of one year of more are treated. Under this guidance, lessees will be required to capitalize virtually all leases on the balance sheet as a right-of-use asset and an associated financing lease liability or capital lease liability. The right-of-use asset represents the lessee’s right to use, or control the use of, a specified asset for the specified lease term. The lease liability represents the lessee’s obligation to make lease payments arising from the lease, measured on a discounted basis. Based on certain characteristics, leases are classified as financing leases or operating leases. Financing lease liabilities, those that contain provisions similar to capitalized leases, are amortized like capital leases are under current accounting, as amortization expense and interest expense in the statement of operations. Operating lease liabilities are amortized on a straight-line basis over the life of the lease as lease expense in the statement of operations. This update is effective for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2018. The company is currently evaluating the impact this standard will have on its policies and procedures pertaining to its existing and future lease arrangements, disclosure requirements and on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-05, "Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships". The amendments in ASU 2016-05 clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument under Topic 815 does not, in and of itself, require dedesignation of the hedging relationship provided that ll other hedge accounting criteria continue to be met. The amendments in this update may be applied on either a prospective basis or a modified retrospective basis. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2016. The company is evaluating the impact the application of this ASU will have, if any, on the company's financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issues ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718)". The amendments in ASU-09 simplify the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2016. The company is evaluating the impact the application of this ASU will have, if any, on the company's financial position, results of operations or cash flows.</font></div></div>
CY2016Q2	us-gaap	Loss Contingency Disclosures LossContingencyDisclosures	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Litigation Matters</font></div><div style="line-height:120%;padding-top:12px;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time, the company is subject to proceedings, lawsuits and other claims related to products, suppliers, employees, customers and competitors. The company maintains insurance to partially cover product liability, workers compensation, property and casualty, and general liability matters.  The company is required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses.  A determination of the amount of accrual required, if any, for these contingencies is made after assessment of each matter and the related insurance coverage.  The required accrual may change in the future due to new developments or changes in approach such as a change in settlement strategy in dealing with these matters.  The company does not believe that any pending litigation will have a material effect on its financial condition, results of operations or cash flows.</font></div></div>
CY2016Q2	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates </font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses. Significant estimates and assumptions are used for, but are not limited to, allowances for doubtful accounts, reserves for excess and obsolete inventories, long lived and intangible assets, warranty reserves, insurance reserves, income tax reserves and post-retirement obligations. Actual results could differ from the company's estimates. </font></div></div>

Files In Submission

Name	View Source	Status
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$MIDD
MIDDLEBY Corp Stock $midd

2016 Q2 Form 10-Q Financial Statement

#000076952016000013 Filed on May 12, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIDD MIDDLEBY Corp Stock $midd

2016 Q2 Form 10-Q Financial Statement

#000076952016000013 Filed on May 12, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIDD
MIDDLEBY Corp Stock $midd