$MIDD
MIDDLEBY Corp Stock $midd

$midd Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000076952017000009 Filed on August 10, 2017

Income Statement

Concept	2016 Q3
Revenue	$580.5M
YoY Change	33.04%
Cost Of Revenue	$347.0M
YoY Change	31.72%
Gross Profit	$233.5M
YoY Change	35.06%
Gross Profit Margin	40.23%
Selling, General & Admin	$115.2M
YoY Change	30.83%
% of Gross Profit	49.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$16.31M
YoY Change	49.25%
% of Gross Profit	6.98%
Operating Expenses	$115.2M
YoY Change	30.83%
Operating Profit	$111.9M
YoY Change	34.25%
Interest Expense	-$6.100M
YoY Change	52.5%
% of Operating Profit	-5.45%
Other Income/Expense, Net	$3.838M
YoY Change	948.63%
Pretax Income	$109.7M
YoY Change	37.67%
Income Tax	$36.80M
% Of Pretax Income	33.55%
Net Earnings	$72.89M
YoY Change	34.32%
Net Earnings / Revenue	12.56%
Basic Earnings Per Share	$1.28
Diluted Earnings Per Share	$1.28
COMMON SHARES
Basic Shares Outstanding	57.02M shares
Diluted Shares Outstanding	57.02M shares

Balance Sheet

Concept	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$74.00M
YoY Change	91.71%
Cash & Equivalents	$74.03M
Short-Term Investments
Other Short-Term Assets	$54.30M
YoY Change	-34.97%
Inventory	$389.9M
Prepaid Expenses
Receivables	$316.8M
Other Receivables	$0.00
Total Short-Term Assets	$835.0M
YoY Change	27.75%
LONG-TERM ASSETS
Property, Plant & Equipment	$216.1M
YoY Change	45.19%
Goodwill	$1.052B
YoY Change	26.23%
Intangibles	$792.9M
YoY Change	60.41%
Long-Term Investments
YoY Change
Other Assets	$24.35M
YoY Change	15.95%
Total Long-Term Assets	$251.8M
YoY Change	44.2%
TOTAL ASSETS
Total Short-Term Assets	$835.0M
Total Long-Term Assets	$251.8M
Total Assets	$2.932B
YoY Change	35.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$158.1M
YoY Change	43.92%
Accrued Expenses	$305.5M
YoY Change	38.08%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00
YoY Change
Long-Term Debt Due	$53.76M
YoY Change	426.49%
Total Short-Term Liabilities	$517.4M
YoY Change	51.58%
LONG-TERM LIABILITIES
Long-Term Debt	$862.6M
YoY Change	52.91%
Other Long-Term Liabilities	$32.48M
YoY Change	-48.92%
Total Long-Term Liabilities	$895.1M
YoY Change	42.59%
TOTAL LIABILITIES
Total Short-Term Liabilities	$517.4M
Total Long-Term Liabilities	$895.1M
Total Liabilities	$1.412B
YoY Change	45.76%
SHAREHOLDERS EQUITY
Retained Earnings	$1.243B
YoY Change	22.29%
Common Stock	$144.0K
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$205.3M
YoY Change	2.2%
Treasury Stock Shares	4.862M shares
Shareholders Equity	$1.285B
YoY Change
Total Liabilities & Shareholders Equity	$2.932B
YoY Change	35.98%

Cashflow Statement

Concept	2016 Q3
OPERATING ACTIVITIES
Net Income	$72.89M
YoY Change	34.32%
Depreciation, Depletion And Amortization	$16.31M
YoY Change	49.25%
Cash From Operating Activities	$81.20M
YoY Change	-4.47%
INVESTING ACTIVITIES
Capital Expenditures	-$5.400M
YoY Change	-3.57%
Acquisitions
YoY Change
Other Investing Activities	-$212.0M
YoY Change	613.8%
Cash From Investing Activities	-$217.4M
YoY Change	515.86%
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
YoY Change	-340.83%
NET CHANGE
Cash From Operating Activities	81.20M
Cash From Investing Activities	-217.4M
Cash From Financing Activities	156.3M
Net Change In Cash	20.10M
YoY Change	-232.24%
FREE CASH FLOW
Cash From Operating Activities	$81.20M
Capital Expenditures	-$5.400M
Free Cash Flow	$86.60M
YoY Change	-4.42%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-07-01
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000769520
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	57610771	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Middleby Corp
CY2016Q4	midd	Accrued Product Liability And Workers Compensation Liability Current AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent	11417000	USD
CY2017Q3	midd	Accrued Product Liability And Workers Compensation Liability Current AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent	11557000	USD
CY2016Q4	midd	Accrued Rebate Current AccruedRebateCurrent	49923000	USD
CY2017Q3	midd	Accrued Rebate Current AccruedRebateCurrent	29972000	USD
CY2016Q4	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	2295000	USD
CY2017Q3	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	3945000	USD
CY2017Q3	midd	Business Acquisition Deferred Payments BusinessAcquisitionDeferredPayments	1000000	USD
CY2016Q3	midd	Capital Expenditures Net CapitalExpendituresNet	5415000	USD
	midd	Capital Expenditures Net CapitalExpendituresNet	13108000	USD
CY2017Q3	midd	Capital Expenditures Net CapitalExpendituresNet	23432000	USD
	midd	Capital Expenditures Net CapitalExpendituresNet	31708000	USD
	midd	Debt Instrument Interest Additional Interest Above Fed Funds Rate DebtInstrumentInterestAdditionalInterestAboveFedFundsRate	0.005
	midd	Debt Instrument Interest Additional Interest Above Libor Rate Alternative DebtInstrumentInterestAdditionalInterestAboveLIBORRateAlternative	0.0013
	midd	Debt Instrument Interest Additional Interest Above Libor Rate DebtInstrumentInterestAdditionalInterestAboveLiborRate	0.0113
	midd	Debt Instrument Interest Coverage Ratio Range High DebtInstrumentInterestCoverageRatioRangeHigh	1.00
	midd	Debt Instrument Interest Coverage Ratio Range Low DebtInstrumentInterestCoverageRatioRangeLow	3.00
	midd	Debt Instrument Leverage Ratio Range High DebtInstrumentLeverageRatioRangeHigh	1.00
	midd	Debt Instrument Leverage Ratio Range Low DebtInstrumentLeverageRatioRangeLow	3.50
	midd	Debt Instrument Qualified Leverage Ratio Range High DebtInstrumentQualifiedLeverageRatioRangeHigh	1.00
	midd	Debt Instrument Qualified Leverage Ratio Range Low DebtInstrumentQualifiedLeverageRatioRangeLow	4.00
CY2017Q3	midd	Derivative Fixed Interest Rate Current DerivativeFixedInterestRateCurrent	0.0098
CY2017Q3	midd	Derivative Fixed Interest Rate Non Current DerivativeFixedInterestRateNonCurrent	0.0130
CY2017Q3	midd	Derivative Notional Amount Current DerivativeNotionalAmountCurrent	85000000	USD
CY2017Q3	midd	Derivative Notional Amount Non Current DerivativeNotionalAmountNonCurrent	324000000	USD
	midd	Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount	7900000	USD
	midd	Goodwill Translation Accounting Adjustments GoodwillTranslationAccountingAdjustments	17268000	USD
CY2017Q3	midd	Line Of Credit Average Interest Rate LineOfCreditAverageInterestRate	0.0258
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	2.63
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	2.34
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	2.63
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.23
CY2017Q3	midd	Lineof Credit Facility Amount Outstanding Gbp Borrowings LineofCreditFacilityAmountOutstandingGBPBorrowings	31100000	USD
CY2017Q3	midd	Lineof Credit Facility Outstanding Amount Usd Borrowings LineofCreditFacilityOutstandingAmountUSDBorrowings	766500000	USD
CY2017Q3	midd	Lineof Credit Facility Potential Additional Borrowing Capacity LineofCreditFacilityPotentialAdditionalBorrowingCapacity	3000000000	USD
CY2017Q3	midd	Lineofcredit Currentand Noncurrent Foreign LineofcreditCurrentandNoncurrentForeign	5400000	USD
CY2016Q4	midd	Midd Accrued Product Recall Midd_AccruedProductRecall	7003000	USD
CY2017Q3	midd	Midd Accrued Product Recall Midd_AccruedProductRecall	6154000	USD
	midd	Number Of Plans NumberOfPlans	2	plan
CY2016Q3	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
CY2017Q3	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
	midd	Percentage Of Net Sales PercentageOfNetSales	1.000
CY2017Q3	midd	Recognized Tax Expense RecognizedTaxExpense	2700000	USD
	midd	Repayments Of Proceeds From Revolving Credit Facilities RepaymentsOfProceedsFromRevolvingCreditFacilities	128500000	USD
	midd	Repayments Of Proceeds From Revolving Credit Facilities RepaymentsOfProceedsFromRevolvingCreditFacilities	70548000	USD
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	146921000	USD
CY2017Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	148913000	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	325868000	USD
CY2017Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	327148000	USD
CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	335605000	USD
CY2017Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	290855000	USD
CY2016Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	16605000	USD
CY2017Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	13460000	USD
CY2016Q4	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	12834000	USD
CY2017Q3	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	11644000	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	82998000	USD
CY2017Q3	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
CY2017Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-264542000	USD
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	355287000	USD
CY2017Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	374121000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	9091000	USD
CY2017Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	9175000	USD
CY2016Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9400000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	18000000	USD
CY2017Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	10500000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	17300000	USD
CY2014Q3	us-gaap	Assets Assets	2931670000	USD
CY2016Q4	us-gaap	Assets Assets	2917136000	USD
CY2017Q3	us-gaap	Assets Assets	3140535000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	811699000	USD
CY2017Q3	us-gaap	Assets Current AssetsCurrent	884319000	USD
CY2015Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	251786000	USD
CY2017Q3	us-gaap	Assets Noncurrent AssetsNoncurrent	346246000	USD
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	2.34
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	133583000	USD
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	150513000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	1212108000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	1153875000	USD
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	74031000	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
CY2017Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	64873000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	18503000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-3612000	USD
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	95000000	shares
CY2017Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	95000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	62088592	shares
CY2017Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	62189296	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	144000	USD
CY2017Q3	us-gaap	Common Stock Value CommonStockValue	145000	USD
CY2016Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	54388000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	112187000	USD
CY2017Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	88542000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	168052000	USD
CY2016Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	346954000	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	666536000	USD
CY2017Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	344735000	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	665582000	USD
CY2016Q4	us-gaap	Customer Deposits Current CustomerDepositsCurrent	41735000	USD
CY2017Q3	us-gaap	Customer Deposits Current CustomerDepositsCurrent	40394000	USD
CY2016Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	732126000	USD
CY2017Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	803274000	USD
CY2016Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	732126000	USD
CY2017Q3	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	803274000	USD
	us-gaap	Debt Instrument Interest Rate Increase Decrease DebtInstrumentInterestRateIncreaseDecrease	0.0100
CY2016Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	51699000	USD
CY2017Q3	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	46876000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	8593000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	17579000	USD
CY2016Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	77760000	USD
CY2017Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	102621000	USD
CY2016Q4	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	322988000	USD
CY2017Q3	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	323795000	USD
CY2016Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	16310000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	31240000	USD
CY2017Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	18258000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	32315000	USD
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.35
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.59
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.28
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.28
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.23
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.35
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.59
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-1444000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	2288000	USD
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.335
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.292
CY2016Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	74505000	USD
CY2017Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	62232000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	-833000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	0	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	168369000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	186606000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	27205000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	33436000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	18572000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	21282000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	23873000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	28033000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	289449000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	339007000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	152401000	USD
CY2016Q3	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	USD
CY2017Q3	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	12042000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	12042000	USD
	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	0	USD
	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-2929000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	1092722000	USD
CY2017Q3	us-gaap	Goodwill Goodwill	1134994000	USD
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	61371000	USD
	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	-36367000	USD
CY2016Q3	us-gaap	Gross Profit GrossProfit	233502000	USD
	us-gaap	Gross Profit GrossProfit	430275000	USD
CY2017Q3	us-gaap	Gross Profit GrossProfit	234608000	USD
	us-gaap	Gross Profit GrossProfit	444058000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	109692000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	191591000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	116132000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	209539000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	36801000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	64162000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	38563000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	61268000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	53600000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	75100000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	36000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-10832000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	16745000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-17257000	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-34098000	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-72897000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	23358000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	25607000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	8575000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	17442000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	696171000	USD
CY2017Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	774976000	USD
CY2016Q3	us-gaap	Interest And Debt Expense InterestAndDebtExpense	6059000	USD
	us-gaap	Interest And Debt Expense InterestAndDebtExpense	11335000	USD
CY2017Q3	us-gaap	Interest And Debt Expense InterestAndDebtExpense	5702000	USD
	us-gaap	Interest And Debt Expense InterestAndDebtExpense	11507000	USD
	us-gaap	Interest Paid InterestPaid	10300000	USD
	us-gaap	Interest Paid InterestPaid	11300000	USD
CY2017Q3	us-gaap	Interest Rate Derivative Liabilities At Fair Value InterestRateDerivativeLiabilitiesAtFairValue	7900000	USD
CY2016Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	177621000	USD
CY2017Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	196301000	USD
CY2016Q4	us-gaap	Inventory Gross InventoryGross	368243000	USD
CY2017Q3	us-gaap	Inventory Gross InventoryGross	421934000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	368243000	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	421934000	USD
CY2016Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	154647000	USD
CY2017Q3	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	187077000	USD
CY2016Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	35975000	USD
CY2017Q3	us-gaap	Inventory Work In Process InventoryWorkInProcess	38556000	USD
CY2017Q3	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	9100000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2917136000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3140535000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	488409000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	444628000	USD
CY2016Q4	us-gaap	Line Of Credit LineOfCredit	725500000	USD
CY2017Q3	us-gaap	Line Of Credit LineOfCredit	797647000	USD
	us-gaap	Line Of Credit Facility Commitment Fee Percentage LineOfCreditFacilityCommitmentFeePercentage	0.00150
CY2017Q3	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.0805
CY2017Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	2500000000	USD
CY2017Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	1700000000	USD
CY2016Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	5883000	USD
CY2017Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	4860000	USD
CY2016Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	726243000	USD
CY2017Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	798414000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	149397000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	44756000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-225132000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-136692000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	95682000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	86036000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	72891000	USD
	us-gaap	Net Income Loss NetIncomeLoss	127429000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	77569000	USD
	us-gaap	Net Income Loss NetIncomeLoss	148271000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	111913000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	198288000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	122136000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	223215000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	64872000	USD
CY2017Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	49439000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	43274000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	34584000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	19781000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	20587000	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
CY2017Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	18621000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	29456000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-1078000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-4856000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	6647000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	9174000	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
CY2017Q3	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-1001000	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-501000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	36418000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	43517000	USD
CY2016Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	213000	USD
CY2017Q3	us-gaap	Other Long Term Debt OtherLongTermDebt	195000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	3838000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	4638000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-302000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2169000	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Heldtomaturity Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentHeldtomaturitySecurities	39900000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4418000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	24645000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	212024000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	119262000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	13108000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	31708000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	42704000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	50798000	USD
CY2016Q4	us-gaap	Prepaid Taxes PrepaidTaxes	6399000	USD
CY2017Q3	us-gaap	Prepaid Taxes PrepaidTaxes	19566000	USD
	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-17000	USD
	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-17000	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	26165000	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-1130000	USD
	us-gaap	Proceeds From Sale Of Property Held For Sale ProceedsFromSaleOfPropertyHeldForSale	0	USD
	us-gaap	Proceeds From Sale Of Property Held For Sale ProceedsFromSaleOfPropertyHeldForSale	14278000	USD
CY2016Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	40851000	USD
CY2017Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	48965000	USD
	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	6288000	USD
CY2016Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	40851000	USD
CY2017Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	48965000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	25785000	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	27611000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	221571000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	264786000	USD
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-806000	USD
CY2016Q3	us-gaap	Restructuring Charges RestructuringCharges	6390000	USD
	us-gaap	Restructuring Charges RestructuringCharges	6996000	USD
CY2017Q3	us-gaap	Restructuring Charges RestructuringCharges	11494000	USD
	us-gaap	Restructuring Charges RestructuringCharges	13219000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1399490000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1547761000	USD
CY2016Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	13565000	USD
CY2017Q3	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	13093000	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	580456000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	1096811000	USD
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet	579343000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	1109640000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	115199000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	224991000	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	113020000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	219666000	USD
CY2016Q3	us-gaap	Share Based Compensation ShareBasedCompensation	6200000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	11160000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	11200000	USD
CY2017Q3	us-gaap	Share Based Compensation ShareBasedCompensation	3000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	6505000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	6500000	USD
CY2017Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	2400000	USD
CY2017Q2	us-gaap	Stock Issued During Period Shares Acquisitions StockIssuedDuringPeriodSharesAcquisitions	106000	shares
	us-gaap	Stock Issued During Period Shares Acquisitions StockIssuedDuringPeriodSharesAcquisitions	0	shares
CY2017Q2	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	12300000	USD
	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	12330000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1265318000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	1427560000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	4816912	shares
CY2017Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	4862264	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	205280000	USD
CY2017Q3	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
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
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	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
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57299000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57201000	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
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57299000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57201000	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. The guidance can be applied using one of two retrospective application methods. The company established a global steering committee with a project plan to analyze the impact of this standard. The company has begun surveying the businesses within each reporting segment, identifying the various revenue streams, initiating contract reviews and reviewing current accounting policies and practices to identify potential differences that would result from the application of the standard. 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;">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. 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 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;">six months period ended July 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;">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 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 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>
	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, non-cash share-based compensation and post-retirement obligations. Actual results could differ from the company's estimates. </font></div></div>

Files In Submission

Name	View Source	Status
0000769520-17-000009-index-headers.html	Edgar Link	pending
0000769520-17-000009-index.html	Edgar Link	pending
0000769520-17-000009.txt	Edgar Link	pending
0000769520-17-000009-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
midd-20170701.xml	Edgar Link	completed
midd-20170701.xsd	Edgar Link	pending
midd-20170701_cal.xml	Edgar Link	unprocessable
midd-20170701_def.xml	Edgar Link	unprocessable
midd-20170701_lab.xml	Edgar Link	unprocessable
midd-20170701_pre.xml	Edgar Link	unprocessable
midd-ex311x20177117x10q.htm	Edgar Link	pending
midd-ex312x20177117x10q.htm	Edgar Link	pending
midd-ex321x20177117x10q.htm	Edgar Link	pending
midd-ex322x20177117x10q.htm	Edgar Link	pending
middleby10-qq22017.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
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

2016 Q3 Form 10-Q Financial Statement

#000076952017000009 Filed on August 10, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIDD MIDDLEBY Corp Stock $midd

2016 Q3 Form 10-Q Financial Statement

#000076952017000009 Filed on August 10, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIDD
MIDDLEBY Corp Stock $midd