$MIDD
MIDDLEBY Corp Stock $midd

$midd Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000076952017000006 Filed on May 11, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$530.3M	$516.4M
YoY Change	2.7%	26.99%
Cost Of Revenue	$320.8M	$319.6M
YoY Change	0.4%	28.33%
Gross Profit	$209.5M	$196.8M
YoY Change	6.44%	24.89%
Gross Profit Margin	39.5%	38.11%
Selling, General & Admin	$115.0M	$109.8M
YoY Change	4.73%	27.1%
% of Gross Profit	54.9%	55.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$14.06M	$14.93M
YoY Change	-5.85%	32.92%
% of Gross Profit	6.71%	7.59%
Operating Expenses	$115.0M	$109.8M
YoY Change	4.73%	27.1%
Operating Profit	$92.74M	$86.38M
YoY Change	7.37%	29.73%
Interest Expense	-$5.800M	-$5.300M
YoY Change	9.43%	43.24%
% of Operating Profit	-6.25%	-6.14%
Other Income/Expense, Net	-$1.867M	$800.0K
YoY Change	-333.38%	-117.54%
Pretax Income	$93.41M	$81.90M
YoY Change	14.05%	40.55%
Income Tax	$22.71M	$27.36M
% Of Pretax Income	24.31%	33.41%
Net Earnings	$70.70M	$54.54M
YoY Change	29.64%	42.65%
Net Earnings / Revenue	13.33%	10.56%
Basic Earnings Per Share	$1.24	$0.96
Diluted Earnings Per Share	$1.24	$0.96
COMMON SHARES
Basic Shares Outstanding	57.10M shares	57.05M shares
Diluted Shares Outstanding	57.10M shares	57.05M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$76.60M	$55.70M
YoY Change	37.52%	2.58%
Cash & Equivalents	$76.58M	$55.68M
Short-Term Investments
Other Short-Term Assets	$57.20M	$101.7M
YoY Change	-43.76%	10.54%
Inventory	$396.2M	$367.6M
Prepaid Expenses
Receivables	$307.4M	$300.9M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$837.4M	$825.9M
YoY Change	1.39%	24.77%
LONG-TERM ASSETS
Property, Plant & Equipment	$224.8M	$199.1M
YoY Change	12.94%	40.12%
Goodwill	$1.099B	$984.0M
YoY Change	11.67%	20.11%
Intangibles	$691.5M	$734.8M
YoY Change	-5.89%	48.63%
Long-Term Investments
YoY Change
Other Assets	$43.57M	$23.29M
YoY Change	87.08%	8.82%
Total Long-Term Assets	$315.3M	$233.2M
YoY Change	35.19%	-14.97%
TOTAL ASSETS
Total Short-Term Assets	$837.4M	$825.9M
Total Long-Term Assets	$315.3M	$233.2M
Total Assets	$2.943B	$2.778B
YoY Change	5.94%	29.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$145.9M	$156.2M
YoY Change	-6.61%	40.16%
Accrued Expenses	$299.2M	$300.0M
YoY Change	-0.28%	40.59%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$4.860M	$57.05M
YoY Change	-91.48%	539.1%
Total Short-Term Liabilities	$449.9M	$513.2M
YoY Change	-12.34%	53.78%
LONG-TERM LIABILITIES
Long-Term Debt	$723.7M	$706.1M
YoY Change	2.5%	12.06%
Other Long-Term Liabilities	$37.42M	$30.28M
YoY Change	23.56%	-48.07%
Total Long-Term Liabilities	$761.2M	$736.4M
YoY Change	3.37%	6.96%
TOTAL LIABILITIES
Total Short-Term Liabilities	$449.9M	$513.2M
Total Long-Term Liabilities	$761.2M	$736.4M
Total Liabilities	$1.211B	$1.250B
YoY Change	-3.08%	22.25%
SHAREHOLDERS EQUITY
Retained Earnings	$1.470B	$1.170B
YoY Change	25.68%	21.62%
Common Stock	$144.0K	$144.0K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$229.9M	$205.3M
YoY Change	12.01%	2.2%
Treasury Stock Shares	4.862M shares	4.862M shares
Shareholders Equity	$1.324B	$1.224B
YoY Change
Total Liabilities & Shareholders Equity	$2.943B	$2.778B
YoY Change	5.94%	29.64%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	$70.70M	$54.54M
YoY Change	29.64%	42.65%
Depreciation, Depletion And Amortization	$14.06M	$14.93M
YoY Change	-5.85%	32.92%
Cash From Operating Activities	$46.88M	$14.51M
YoY Change	223.2%	-38.94%
INVESTING ACTIVITIES
Capital Expenditures	$8.276M	$7.693M
YoY Change	7.58%	25.76%
Acquisitions	$2.696M	$0.00
YoY Change
Other Investing Activities	-$2.700M	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$10.97M	-$7.693M
YoY Change	42.62%	-85.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$24.65M	$4.418M
YoY Change	457.83%	-8.64%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$28.94M	-$6.948M
YoY Change	316.54%	-117.59%
NET CHANGE
Cash From Operating Activities	$46.88M	$14.51M
Cash From Investing Activities	-$10.97M	-$7.693M
Cash From Financing Activities	-$28.94M	-$6.948M
Net Change In Cash	$6.967M	-$136.0K
YoY Change	-5222.79%	-101.28%
FREE CASH FLOW
Cash From Operating Activities	$46.88M	$14.51M
Capital Expenditures	$8.276M	$7.693M
Free Cash Flow	$38.60M	$6.812M
YoY Change	466.71%	-61.38%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-30
CY2017Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q2	dei	Amendment Flag AmendmentFlag	false
CY2017Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q2	dei	Document Period End Date DocumentPeriodEndDate	2017-04-01
CY2017Q2	dei	Document Type DocumentType	10-Q
CY2017Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000769520
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	57532017	shares
CY2017Q2	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q2	dei	Entity Registrant Name EntityRegistrantName	Middleby Corp
CY2016Q4	midd	Accrued Product Liability And Workers Compensation Liability Current AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent	11417000	USD
CY2017Q2	midd	Accrued Product Liability And Workers Compensation Liability Current AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent	11110000	USD
CY2016Q4	midd	Accrued Rebate Current AccruedRebateCurrent	49923000	USD
CY2017Q2	midd	Accrued Rebate Current AccruedRebateCurrent	23472000	USD
CY2016Q4	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	2295000	USD
CY2017Q2	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	3269000	USD
CY2016Q2	midd	Capital Expenditures Net CapitalExpendituresNet	7693000	USD
CY2017Q2	midd	Capital Expenditures Net CapitalExpendituresNet	8276000	USD
CY2017Q2	midd	Debt Instrument Interest Additional Interest Above Fed Funds Rate DebtInstrumentInterestAdditionalInterestAboveFedFundsRate	0.005
CY2017Q2	midd	Debt Instrument Interest Additional Interest Above Libor Rate Alternative DebtInstrumentInterestAdditionalInterestAboveLIBORRateAlternative	0.0025
CY2017Q2	midd	Debt Instrument Interest Additional Interest Above Libor Rate DebtInstrumentInterestAdditionalInterestAboveLiborRate	0.0125
CY2017Q2	midd	Debt Instrument Interest Coverage Ratio Range High DebtInstrumentInterestCoverageRatioRangeHigh	1.0000
CY2017Q2	midd	Debt Instrument Interest Coverage Ratio Range Low DebtInstrumentInterestCoverageRatioRangeLow	3.00
CY2017Q2	midd	Debt Instrument Leverage Ratio Range High DebtInstrumentLeverageRatioRangeHigh	1.00
CY2017Q2	midd	Debt Instrument Leverage Ratio Range Low DebtInstrumentLeverageRatioRangeLow	3.50
CY2017Q2	midd	Debt Instrument Qualified Leverage Ratio Range High DebtInstrumentQualifiedLeverageRatioRangeHigh	1.00
CY2017Q2	midd	Debt Instrument Qualified Leverage Ratio Range Low DebtInstrumentQualifiedLeverageRatioRangeLow	4.00
CY2017Q2	midd	Derivative Fixed Interest Rate Current DerivativeFixedInterestRateCurrent	0.0094
CY2017Q2	midd	Derivative Fixed Interest Rate Non Current DerivativeFixedInterestRateNonCurrent	0.0130
CY2017Q2	midd	Derivative Notional Amount Current DerivativeNotionalAmountCurrent	110000000	USD
CY2017Q2	midd	Derivative Notional Amount Non Current DerivativeNotionalAmountNonCurrent	324000000	USD
CY2017Q2	midd	Goodwill Translation Accounting Adjustments GoodwillTranslationAccountingAdjustments	5384000	USD
CY2017Q2	midd	Line Of Credit Average Interest Rate LineOfCreditAverageInterestRate	0.0215
CY2017Q2	midd	Lineof Credit Facility Amount Outstanding Gbp Borrowings LineofCreditFacilityAmountOutstandingGBPBorrowings	42000000	USD
CY2017Q2	midd	Lineof Credit Facility Outstanding Amount Usd Borrowings LineofCreditFacilityOutstandingAmountUSDBorrowings	681000000	USD
CY2017Q2	midd	Lineof Credit Facility Potential Additional Borrowing Capacity LineofCreditFacilityPotentialAdditionalBorrowingCapacity	3000000000	USD
CY2017Q2	midd	Lineofcredit Currentand Noncurrent Foreign LineofcreditCurrentandNoncurrentForeign	5400000	USD
CY2016Q4	midd	Midd Accrued Product Recall Midd_AccruedProductRecall	7003000	USD
CY2017Q2	midd	Midd Accrued Product Recall Midd_AccruedProductRecall	6641000	USD
CY2017Q2	midd	Number Of Plans NumberOfPlans	2	plan
CY2016Q2	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
CY2017Q2	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
CY2017Q2	midd	Recognized Tax Expense RecognizedTaxExpense	1200000	USD
CY2016Q2	midd	Repayments Of Proceeds From Revolving Credit Facilities RepaymentsOfProceedsFromRevolvingCreditFacilities	-28000000	USD
CY2017Q2	midd	Repayments Of Proceeds From Revolving Credit Facilities RepaymentsOfProceedsFromRevolvingCreditFacilities	-3133000	USD
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	146921000	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	325868000	USD
CY2017Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	307439000	USD
CY2017Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	145851000	USD
CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	335605000	USD
CY2017Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	299185000	USD
CY2016Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	16605000	USD
CY2017Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	13852000	USD
CY2016Q4	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	12834000	USD
CY2017Q2	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	11191000	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	82998000	USD
CY2017Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	85836000	USD
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-284323000	USD
CY2017Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-275515000	USD
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	355287000	USD
CY2017Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	358837000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	9091000	USD
CY2017Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	9175000	USD
CY2016Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	8600000	USD
CY2017Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6800000	USD
CY2014Q3	us-gaap	Assets Assets	2777944000	USD
CY2016Q4	us-gaap	Assets Assets	2917136000	USD
CY2017Q2	us-gaap	Assets Assets	2943031000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	811699000	USD
CY2017Q2	us-gaap	Assets Current AssetsCurrent	837423000	USD
CY2015Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	233204000	USD
CY2017Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	315275000	USD
CY2016Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	1.01
CY2017Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	0.00
CY2016Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	1.01
CY2017Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	0.00
CY2016Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	57459000	USD
CY2017Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	0	USD
CY2016Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	552578000	USD
CY2017Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	0	USD
CY2017Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	15.0	USD
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	55681000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	55528000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	68485000	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	76576000	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	153000	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	8091000	USD
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	95000000	shares
CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	95000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	62088592	shares
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	62189296	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	144000	USD
CY2017Q2	us-gaap	Common Stock Value CommonStockValue	144000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	57799000	USD
CY2017Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	79510000	USD
CY2016Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	319582000	USD
CY2017Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	320847000	USD
CY2016Q4	us-gaap	Customer Deposits Current CustomerDepositsCurrent	41735000	USD
CY2017Q2	us-gaap	Customer Deposits Current CustomerDepositsCurrent	44909000	USD
CY2016Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	732126000	USD
CY2017Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	728605000	USD
CY2016Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	732126000	USD
CY2017Q2	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	728605000	USD
CY2017Q2	us-gaap	Debt Instrument Interest Rate Increase Decrease DebtInstrumentInterestRateIncreaseDecrease	0.0100
CY2016Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	9091000	USD
CY2017Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	15285000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	51699000	USD
CY2017Q2	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	46863000	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	77760000	USD
CY2017Q2	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	88217000	USD
CY2016Q4	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	322988000	USD
CY2017Q2	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	320021000	USD
CY2016Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	14930000	USD
CY2017Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	14057000	USD
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.96
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.24
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.96
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.24
CY2016Q2	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	289000	USD
CY2017Q2	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	1124000	USD
CY2016Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.334
CY2017Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.243
CY2016Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	74505000	USD
CY2017Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	64941000	USD
CY2016Q2	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	-834000	USD
CY2017Q2	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	0	USD
CY2016Q2	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	0	USD
CY2017Q2	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities		USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	168369000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	175415000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	13251000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	27352000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	13714000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	16732000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	18427000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	24558000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	289449000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	289449000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	114034000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	1092722000	USD
CY2017Q2	us-gaap	Goodwill Goodwill	1098843000	USD
CY2017Q2	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	737000	USD
CY2016Q2	us-gaap	Gross Profit GrossProfit	196773000	USD
CY2017Q2	us-gaap	Gross Profit GrossProfit	209450000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	81899000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	93407000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	27361000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	22705000	USD
CY2016Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid	12200000	USD
CY2017Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid	6200000	USD
CY2016Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1240000	USD
CY2017Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-2201000	USD
CY2016Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	19576000	USD
CY2017Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-19417000	USD
CY2016Q2	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-36555000	USD
CY2017Q2	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-42442000	USD
CY2016Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	12802000	USD
CY2017Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	24088000	USD
CY2016Q2	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1160000	USD
CY2017Q2	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	7400000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	696171000	USD
CY2017Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	691490000	USD
CY2016Q2	us-gaap	Interest And Debt Expense InterestAndDebtExpense	5276000	USD
CY2017Q2	us-gaap	Interest And Debt Expense InterestAndDebtExpense	5805000	USD
CY2016Q2	us-gaap	Interest Paid InterestPaid	4800000	USD
CY2017Q2	us-gaap	Interest Paid InterestPaid	5800000	USD
CY2017Q2	us-gaap	Interest Rate Derivative Liabilities At Fair Value InterestRateDerivativeLiabilitiesAtFairValue	9600000	USD
CY2016Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	177621000	USD
CY2017Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	194008000	USD
CY2016Q4	us-gaap	Inventory Gross InventoryGross	368243000	USD
CY2017Q2	us-gaap	Inventory Gross InventoryGross	396194000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	368243000	USD
CY2017Q2	us-gaap	Inventory Net InventoryNet	396194000	USD
CY2016Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	154647000	USD
CY2017Q2	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	161662000	USD
CY2016Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	35975000	USD
CY2017Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	40524000	USD
CY2017Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	10200000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2917136000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	488409000	USD
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	449896000	USD
CY2016Q4	us-gaap	Line Of Credit LineOfCredit	725500000	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2943031000	USD
CY2017Q2	us-gaap	Line Of Credit LineOfCredit	722987000	USD
CY2017Q2	us-gaap	Line Of Credit Facility Commitment Fee Percentage LineOfCreditFacilityCommitmentFeePercentage	0.00200
CY2017Q2	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.0950
CY2017Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	2500000000	USD
CY2017Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	1800000000	USD
CY2016Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	5883000	USD
CY2017Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	4860000	USD
CY2016Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	726243000	USD
CY2017Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	723745000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6948000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-28941000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7693000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-10972000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	14505000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	46880000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	54538000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	70702000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	86375000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	101079000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	64872000	USD
CY2017Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	67593000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	43274000	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	43571000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	8808000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	9330000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-396000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	10835000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-3778000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	2527000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-121000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	500000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	36418000	USD
CY2017Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	37419000	USD
CY2016Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	213000	USD
CY2017Q2	us-gaap	Other Long Term Debt OtherLongTermDebt	205000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	800000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1867000	USD
CY2017Q2	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Heldtomaturity Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentHeldtomaturitySecurities	38500000	USD
CY2016Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4418000	USD
CY2017Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	24645000	USD
CY2016Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2017Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	2696000	USD
CY2016Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7693000	USD
CY2017Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	8276000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2017Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	42704000	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	49946000	USD
CY2016Q4	us-gaap	Prepaid Taxes PrepaidTaxes	6399000	USD
CY2017Q2	us-gaap	Prepaid Taxes PrepaidTaxes	7268000	USD
CY2017Q2	us-gaap	Proceeds And Excess Tax Benefit From Sharebased Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation	7900000	USD
CY2016Q2	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-9000	USD
CY2017Q2	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-8000	USD
CY2016Q2	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	26313000	USD
CY2017Q2	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-1155000	USD
CY2016Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	40851000	USD
CY2017Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	41383000	USD
CY2016Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	40851000	USD
CY2017Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	41383000	USD
CY2017Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	12911000	USD
CY2017Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	13443000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	221571000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	224841000	USD
CY2017Q2	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-522000	USD
CY2016Q2	us-gaap	Restructuring Charges RestructuringCharges	606000	USD
CY2017Q2	us-gaap	Restructuring Charges RestructuringCharges	1725000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1399490000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1470192000	USD
CY2016Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	13565000	USD
CY2017Q2	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	10824000	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	516355000	USD
CY2017Q2	us-gaap	Sales Revenue Net SalesRevenueNet	530297000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	109792000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	106646000	USD
CY2016Q2	us-gaap	Share Based Compensation ShareBasedCompensation	4959000	USD
CY2017Q2	us-gaap	Share Based Compensation ShareBasedCompensation	3550000	USD
CY2017Q2	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	2000000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1265318000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	1323733000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	4816912	shares
CY2017Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	4862264	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	205280000	USD
CY2017Q2	us-gaap	Treasury Stock Value TreasuryStockValue	229925000	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	20300000	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued	4900000	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits Interest On Income Taxes Accrued UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued	2700000	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	20000000	USD
CY2016Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57051000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57103000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57051000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57103000	shares
CY2017Q2	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 will adopt this standard, as required, for fiscal year 2018 and expects to use the modified retrospective approach, with the cumulative effect, if any, recognized in the opening balance of retained earnings. The company is continuing to evaluate 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%;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 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 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;">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. 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;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 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;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 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. We adopted this guidance on January 1, 2017 and it 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;">In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Accounting". 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 adopted ASU No. 2016-09 effective January 1, 2017 on a prospective basis. The adoption of this guidance resulted in the recognition of excess tax benefits in the company's provision for income taxes within the Condensed Consolidated Statements of Comprehensive Income rather than paid-in-capital of approximately </font><font style="font-family:inherit;font-size:10pt;">$7.9 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three months period ended April 1, 2017</font><font style="font-family:inherit;font-size:10pt;">. Additionally, the company's Condensed Consolidated Statement of Cash Flows now presents excess tax benefits as an operating activity rather than a financing activity. </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 August 2016, the FASB issued ASU No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments". The amendments in ASU-15 address eight specific cash flow classification issues to reduce current and potential future diversity in practice. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2017. The company is evaluating the impact the application of this ASU will have, if any, on the company's 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 October 2016, the FASB issued ASU No. 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory". The amendments in ASU-16 prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer other than inventory until the asset has been sold to an outside party. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2017. 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;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 January 2017, the FASB issued ASU No. 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business". The amendments in ASU-01 clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of businesses. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2017. The company is evaluating the impact the application of this ASU. The company does not expect the adoption of this ASU to have a material impact on its financial position, results of operations or cash flows.</font></div><div style="line-height:120%;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 January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment". The amendments in ASU-04 simplify the subsequent measurement of goodwill, by removing the second step of the goodwill impairment test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value. The new guidance does not amend the optional qualitative assessment of goodwill impairment. This ASU is effective for annual reporting periods, and interim reporting periods, beginning after December 15, 2019. Early adoption is permitted for testing dates after January 1, 2017. The company is evaluating the application of this ASU on the company's annual impairment test. The company does not expect the adoption of this ASU to have a material impact on its 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;">In March 2017, the FASB issued ASU No. 2017-07, "Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost". The amendments in ASU-07 require that an employer report the service costs component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net periodic pension cost and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2017. Early adoption is permitted. Net income will not change as a result of the adoption of this standard. The company is currently evaluating the remaining impacts the ASU will have on its condensed consolidated financial statements.</font></div></div>
CY2017Q2	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>
CY2017Q2	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
0000769520-17-000006-index-headers.html	Edgar Link	pending
0000769520-17-000006-index.html	Edgar Link	pending
0000769520-17-000006.txt	Edgar Link	pending
0000769520-17-000006-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
midd-20170401.xml	Edgar Link	completed
midd-20170401.xsd	Edgar Link	pending
midd-20170401_cal.xml	Edgar Link	unprocessable
midd-20170401_def.xml	Edgar Link	unprocessable
midd-20170401_lab.xml	Edgar Link	unprocessable
midd-20170401_pre.xml	Edgar Link	unprocessable
midd-ex311x20174117x10q.htm	Edgar Link	pending
midd-ex312x20174117x10q.htm	Edgar Link	pending
midd-ex321x20174117x10q.htm	Edgar Link	pending
midd-ex322x20174117x10q.htm	Edgar Link	pending
middleby10-qq12017.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$MIDD
MIDDLEBY Corp Stock $midd

2017 Q2 Form 10-Q Financial Statement

#000076952017000006 Filed on May 11, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIDD MIDDLEBY Corp Stock $midd

2017 Q2 Form 10-Q Financial Statement

#000076952017000006 Filed on May 11, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIDD
MIDDLEBY Corp Stock $midd