$MIDD
MIDDLEBY Corp Stock $midd

$midd Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000076952016000016 Filed on August 11, 2016

Income Statement

Concept	2016 Q3	2015 Q3
Revenue	$580.5M	$436.3M
YoY Change	33.04%	7.92%
Cost Of Revenue	$347.0M	$263.4M
YoY Change	31.72%	8.88%
Gross Profit	$233.5M	$172.9M
YoY Change	35.06%	6.47%
Gross Profit Margin	40.23%	39.63%
Selling, General & Admin	$115.2M	$88.05M
YoY Change	30.83%	6.81%
% of Gross Profit	49.34%	50.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$16.31M	$10.93M
YoY Change	49.25%	2.9%
% of Gross Profit	6.98%	6.32%
Operating Expenses	$115.2M	$88.05M
YoY Change	30.83%	6.81%
Operating Profit	$111.9M	$83.36M
YoY Change	34.25%	-3.59%
Interest Expense	-$6.100M	-$4.000M
YoY Change	52.5%	2.56%
% of Operating Profit	-5.45%	-4.8%
Other Income/Expense, Net	$3.838M	$366.0K
YoY Change	948.63%	-136.86%
Pretax Income	$109.7M	$79.68M
YoY Change	37.67%	-2.33%
Income Tax	$36.80M	$25.41M
% Of Pretax Income	33.55%	31.89%
Net Earnings	$72.89M	$54.27M
YoY Change	34.32%	-9.12%
Net Earnings / Revenue	12.56%	12.44%
Basic Earnings Per Share	$1.28	$0.95
Diluted Earnings Per Share	$1.28	$0.95
COMMON SHARES
Basic Shares Outstanding	57.02M shares	56.96M shares
Diluted Shares Outstanding	57.02M shares	56.97M shares

Balance Sheet

Concept	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$74.00M	$38.60M
YoY Change	91.71%	1.05%
Cash & Equivalents	$74.03M	$61.78M
Short-Term Investments
Other Short-Term Assets	$54.30M	$83.50M
YoY Change	-34.97%	10.6%
Inventory	$389.9M	$291.9M
Prepaid Expenses
Receivables	$316.8M	$239.6M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$835.0M	$653.6M
YoY Change	27.75%	8.55%
LONG-TERM ASSETS
Property, Plant & Equipment	$216.1M	$148.8M
YoY Change	45.19%	15.72%
Goodwill	$1.052B	$833.4M
YoY Change	26.23%	15.17%
Intangibles	$792.9M	$494.3M
YoY Change	60.41%	12.93%
Long-Term Investments
YoY Change
Other Assets	$24.35M	$21.00M
YoY Change	15.95%	10.9%
Total Long-Term Assets	$251.8M	$174.6M
YoY Change	44.2%	16.09%
TOTAL ASSETS
Total Short-Term Assets	$835.0M	$653.6M
Total Long-Term Assets	$251.8M	$174.6M
Total Assets	$2.932B	$2.156B
YoY Change	35.98%	-26.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$158.1M	$109.9M
YoY Change	43.92%	8.05%
Accrued Expenses	$305.5M	$221.3M
YoY Change	38.08%	0.85%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$53.76M	$10.21M
YoY Change	426.49%	15.62%
Total Short-Term Liabilities	$517.4M	$341.3M
YoY Change	51.58%	3.47%
LONG-TERM LIABILITIES
Long-Term Debt	$862.6M	$564.1M
YoY Change	52.91%	11.36%
Other Long-Term Liabilities	$32.48M	$63.60M
YoY Change	-48.92%	38.27%
Total Long-Term Liabilities	$895.1M	$627.7M
YoY Change	42.59%	13.6%
TOTAL LIABILITIES
Total Short-Term Liabilities	$517.4M	$341.3M
Total Long-Term Liabilities	$895.1M	$627.7M
Total Liabilities	$1.412B	$969.0M
YoY Change	45.76%	9.81%
SHAREHOLDERS EQUITY
Retained Earnings	$1.243B	$1.016B
YoY Change	22.29%	16.54%
Common Stock	$144.0K	$144.0K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$205.3M	$200.9M
YoY Change	2.2%	2.47%
Treasury Stock Shares	4.862M shares	4.862M shares
Shareholders Equity	$1.285B	$1.095B
YoY Change
Total Liabilities & Shareholders Equity	$2.932B	$2.156B
YoY Change	35.98%	12.65%

Cashflow Statement

Concept	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	$72.89M	$54.27M
YoY Change	34.32%	-9.12%
Depreciation, Depletion And Amortization	$16.31M	$10.93M
YoY Change	49.25%	2.9%
Cash From Operating Activities	$81.20M	$85.00M
YoY Change	-4.47%	-17.23%
INVESTING ACTIVITIES
Capital Expenditures	-$5.400M	-$5.600M
YoY Change	-3.57%	80.65%
Acquisitions
YoY Change
Other Investing Activities	-$212.0M	-$29.70M
YoY Change	613.8%	85.63%
Cash From Investing Activities	-$217.4M	-$35.30M
YoY Change	515.86%	84.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	156.3M	-64.90M
YoY Change	-340.83%	-15.82%
NET CHANGE
Cash From Operating Activities	81.20M	85.00M
Cash From Investing Activities	-217.4M	-35.30M
Cash From Financing Activities	156.3M	-64.90M
Net Change In Cash	20.10M	-15.20M
YoY Change	-232.24%	-333.85%
FREE CASH FLOW
Cash From Operating Activities	$81.20M	$85.00M
Capital Expenditures	-$5.400M	-$5.600M
Free Cash Flow	$86.60M	$90.60M
YoY Change	-4.42%	-14.37%

Facts In Submission

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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-07-02
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000769520
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	57539766	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Middleby Corp
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CY2016Q1	midd	Accrued Rebate Current AccruedRebateCurrent	45154000	USD
CY2016Q3	midd	Accrued Rebate Current AccruedRebateCurrent	33351000	USD
CY2016Q1	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	6266000	USD
CY2016Q3	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	3319000	USD
CY2015Q3	midd	Capital Expenditures Net CapitalExpendituresNet	5567000	USD
	midd	Capital Expenditures Net CapitalExpendituresNet	11684000	USD
CY2016Q3	midd	Capital Expenditures Net CapitalExpendituresNet	5415000	USD
	midd	Capital Expenditures Net CapitalExpendituresNet	13108000	USD
	midd	Debt Instrument Interest Additional Interest Above Libor Rate DebtInstrumentInterestAdditionalInterestAboveLiborRate	0.0150
CY2016Q3	midd	Derivative Fixed Interest Rate Current DerivativeFixedInterestRateCurrent	0.0082
CY2016Q3	midd	Derivative Fixed Interest Rate Non Current DerivativeFixedInterestRateNonCurrent	0.0098
CY2016Q3	midd	Derivative Notional Amount Current DerivativeNotionalAmountCurrent	90000000	USD
CY2016Q3	midd	Derivative Notional Amount Non Current DerivativeNotionalAmountNonCurrent	85000000	USD
	midd	Excess Tax Detriment Share Based Compensation Financing Activities ExcessTaxDetrimentShareBasedCompensationFinancingActivities	833000	USD
CY2016Q3	midd	Fixed Charge Coverage Ratio FixedChargeCoverageRatio	0
	midd	Goodwill Translation Accounting Adjustments GoodwillTranslationAccountingAdjustments	-8860000	USD
CY2016Q3	midd	Line Of Credit Average Interest Rate LineOfCreditAverageInterestRate	0.0207
CY2016Q3	midd	Lineofcredit Currentand Noncurrent Foreign LineofcreditCurrentandNoncurrentForeign	7600000	USD
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	midd	Number Of Plans NumberOfPlans	2	plan
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	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
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	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
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CY2016Q3	us-gaap	Liabilities Current LiabilitiesCurrent	517392000	USD
CY2016Q1	us-gaap	Line Of Credit LineOfCredit	733000000	USD
CY2016Q3	us-gaap	Line Of Credit LineOfCredit	861500000	USD
	us-gaap	Line Of Credit Facility Commitment Fee Percentage LineOfCreditFacilityCommitmentFeePercentage	0.0025
CY2016Q3	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.0999
CY2016Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1250000000	USD
CY2016Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	382200000	USD
CY2016Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	32059000	USD
CY2016Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	53755000	USD
CY2016Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	734002000	USD
CY2016Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	862571000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-25429000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	149397000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-87876000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-225132000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	108760000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	95682000	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	54267000	USD
	us-gaap	Net Income Loss NetIncomeLoss	92498000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	72891000	USD
	us-gaap	Net Income Loss NetIncomeLoss	127429000	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	83360000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	149940000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	111913000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	198288000	USD
CY2016Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	57690000	USD
CY2016Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	55974000	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	22032000	USD
CY2016Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	24348000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-15242000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-15043000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	6669000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-9122000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-19579000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-19975000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	89000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-25000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-1078000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	302000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	4856000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-2000	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-123000	USD
CY2016Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	29774000	USD
CY2016Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	32483000	USD
CY2016Q1	us-gaap	Other Long Term Debt OtherLongTermDebt	248000	USD
CY2016Q3	us-gaap	Other Long Term Debt OtherLongTermDebt	230000	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	366000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-4195000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	3838000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	4638000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4836000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4418000	USD
CY2016Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	1000000	USD
CY2016Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	209100000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	76192000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	212024000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	11684000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	13108000	USD
CY2016Q1	us-gaap	Percentage Of Lifo Inventory PercentageOfLIFOInventory	0.101
CY2016Q3	us-gaap	Percentage Of Lifo Inventory PercentageOfLIFOInventory	0.106
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2016Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2016Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2016Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	39801000	USD
CY2016Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	46009000	USD
CY2016Q1	us-gaap	Prepaid Taxes PrepaidTaxes	11426000	USD
CY2016Q3	us-gaap	Prepaid Taxes PrepaidTaxes	8270000	USD
	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-18000	USD
	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-17000	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	1525000	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	26165000	USD
CY2016Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	37901000	USD
CY2016Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	37048000	USD
	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	0	USD
CY2016Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	37901000	USD
CY2016Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	37048000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	23721000	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	22868000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	199750000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	216097000	USD
CY2016Q3	us-gaap	Ratio Of Indebtedness To Net Capital1 RatioOfIndebtednessToNetCapital1	0
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-199000	USD
	us-gaap	Restructuring Charges RestructuringCharges	6077000	USD
	us-gaap	Restructuring Charges RestructuringCharges	6996000	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	580456000	USD
CY2015Q3	us-gaap	Sales Revenue Net SalesRevenueNet	436291000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	842887000	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1115274000	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1242703000	USD
CY2016Q1	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	13537000	USD
CY2016Q3	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	10048000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	1096811000	USD
CY2015Q3	us-gaap	Selling Expense SellingExpense	45332000	USD
	us-gaap	Selling Expense SellingExpense	92441000	USD
CY2016Q3	us-gaap	Selling Expense SellingExpense	58025000	USD
	us-gaap	Selling Expense SellingExpense	111714000	USD
CY2015Q3	us-gaap	Share Based Compensation ShareBasedCompensation	5370000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	7399000	USD
CY2016Q3	us-gaap	Share Based Compensation ShareBasedCompensation	6202000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	11160000	USD
CY2016Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	1600000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	1166830000	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	1284927000	USD
CY2016Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	4816912	shares
CY2016Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	4862264	shares
CY2016Q1	us-gaap	Treasury Stock Value TreasuryStockValue	200862000	USD
CY2016Q3	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
CY2015Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000	shares
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56965000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56941000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57022000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57037000	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	56963000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	56940000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57022000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57037000	shares
	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 which, for the company 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;">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. 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. 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 adoption of this guidance did not 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. 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;"><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 early adopted ASU 2015-17 effective April 3, 2016 on a prospective basis. Adoption of this ASU resulted in a reclassification of the company's net current deferred tax asset to the net non-current deferred tax liability in the company's Consolidated Balance Sheet as of July 2, 2016. No prior periods were retrospectively adjusted.</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 all 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>
	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>
	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
0000769520-16-000016-index-headers.html	Edgar Link	pending
0000769520-16-000016-index.html	Edgar Link	pending
0000769520-16-000016.txt	Edgar Link	pending
0000769520-16-000016-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
midd-20160702.xml	Edgar Link	completed
midd-20160702.xsd	Edgar Link	pending
midd-20160702_cal.xml	Edgar Link	unprocessable
midd-20160702_def.xml	Edgar Link	unprocessable
midd-20160702_lab.xml	Edgar Link	unprocessable
midd-20160702_pre.xml	Edgar Link	unprocessable
midd-ex311x2016070216x10q.htm	Edgar Link	pending
midd-ex312x2016070216x10q.htm	Edgar Link	pending
midd-ex321x2016070216x10q.htm	Edgar Link	pending
midd-ex322x2016070216x10q.htm	Edgar Link	pending
middleby10-qq22016.htm	Edgar Link	pending
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$MIDD
MIDDLEBY Corp Stock $midd

2016 Q3 Form 10-Q Financial Statement

#000076952016000016 Filed on August 11, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIDD MIDDLEBY Corp Stock $midd

2016 Q3 Form 10-Q Financial Statement

#000076952016000016 Filed on August 11, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIDD
MIDDLEBY Corp Stock $midd