$MIDD
MIDDLEBY Corp Stock $midd

$midd Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000076952017000012 Filed on November 09, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q4
Revenue	$632.9M	$593.0M	$596.8M
YoY Change	6.04%	2.17%	32.92%
Cost Of Revenue	$392.7M	$364.5M	$342.5M
YoY Change	14.66%	5.06%	26.0%
Gross Profit	$240.2M	$228.5M	$239.2M
YoY Change	0.41%	-2.13%	34.99%
Gross Profit Margin	37.95%	38.53%	40.08%
Selling, General & Admin	$116.7M	$114.9M	$109.1M
YoY Change	6.93%	-0.3%	19.4%
% of Gross Profit	48.59%	50.26%	45.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$20.50M	$16.96M	$13.17M
YoY Change	55.67%	3.99%	11.38%
% of Gross Profit	8.54%	7.42%	5.51%
Operating Expenses	$116.8M	$114.9M	$109.1M
YoY Change	7.02%	-0.3%	19.4%
Operating Profit	$62.90M	$109.4M	$126.5M
YoY Change	-50.27%	-2.21%	58.06%
Interest Expense	-$8.000M	-$5.700M	-$6.400M
YoY Change	25.0%	-6.56%	52.38%
% of Operating Profit	-12.72%	-5.21%	-5.06%
Other Income/Expense, Net	$6.300M	$1.068M	-$3.152M
YoY Change	-299.87%	-72.17%	62.39%
Pretax Income	$61.20M	$112.8M	$111.8M
YoY Change	-45.28%	2.81%	51.42%
Income Tax	-$14.00M	$38.10M	$36.00M
% Of Pretax Income	-22.88%	33.79%	32.18%
Net Earnings	$75.19M	$74.67M	$80.94M
YoY Change	-7.1%	2.44%	65.77%
Net Earnings / Revenue	11.88%	12.59%	13.56%
Basic Earnings Per Share	$1.35	$1.31	$1.42
Diluted Earnings Per Share	$1.35	$1.31	$1.41
COMMON SHARES
Basic Shares Outstanding	55.91M shares	56.81M shares	57.02M shares
Diluted Shares Outstanding		56.81M shares	57.02M shares

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$89.70M	$64.90M	$61.80M
YoY Change	45.15%	-12.3%	12.16%
Cash & Equivalents	$89.65M	$81.73M	$68.49M
Short-Term Investments
Other Short-Term Assets	$89.20M	$70.40M	$53.70M
YoY Change	66.11%	29.65%	-45.32%
Inventory	$424.6M	$425.9M	$368.2M
Prepaid Expenses
Receivables	$328.4M	$336.8M	$325.9M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$931.9M	$901.5M	$811.7M
YoY Change	14.81%	7.97%	-1.46%
LONG-TERM ASSETS
Property, Plant & Equipment	$281.9M	$275.4M	$221.6M
YoY Change	27.23%	27.43%	5.57%
Goodwill	$1.265B	$1.159B	$1.093B
YoY Change	15.75%	10.14%	11.82%
Intangibles	$780.4M	$786.4M	$696.2M
YoY Change	12.1%	-0.83%	3.95%
Long-Term Investments
YoY Change
Other Assets	$36.11M	$34.02M	$43.27M
YoY Change	-16.56%	39.73%	101.66%
Total Long-Term Assets	$362.6M	$354.6M	$316.5M
YoY Change	14.55%	40.84%	31.83%
TOTAL ASSETS
Total Short-Term Assets	$931.9M	$901.5M	$811.7M
Total Long-Term Assets	$362.6M	$354.6M	$316.5M
Total Assets	$3.340B	$3.201B	$2.917B
YoY Change	14.49%	9.19%	7.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$146.3M	$144.5M	$146.9M
YoY Change	-0.4%	-8.63%	-19.17%
Accrued Expenses	$322.2M	$317.0M	$335.6M
YoY Change	-4.0%	3.75%	11.59%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$5.149M	$5.192M	$5.883M
YoY Change	-12.48%	-90.34%	-84.18%
Total Short-Term Liabilities	$473.7M	$466.6M	$488.4M
YoY Change	-3.02%	-9.81%	-6.02%
LONG-TERM LIABILITIES
Long-Term Debt	$1.024B	$945.5M	$726.2M
YoY Change	40.96%	9.62%	1.19%
Other Long-Term Liabilities	$58.85M	$44.16M	$36.42M
YoY Change	61.61%	35.94%	-85.68%
Total Long-Term Liabilities	$1.083B	$989.7M	$762.7M
YoY Change	41.95%	10.57%	-21.53%
TOTAL LIABILITIES
Total Short-Term Liabilities	$473.7M	$466.6M	$488.4M
Total Long-Term Liabilities	$1.083B	$989.7M	$762.7M
Total Liabilities	$1.556B	$1.456B	$1.251B
YoY Change	24.39%	3.11%	-16.13%
SHAREHOLDERS EQUITY
Retained Earnings	$1.698B	$1.622B	$1.399B
YoY Change	21.3%	30.56%	31.41%
Common Stock	$145.0K	$145.0K	$144.0K
YoY Change	0.69%	0.69%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$445.1M	$430.3M	$205.3M
YoY Change	116.83%	109.6%	2.2%
Treasury Stock Shares	6.889M shares	6.763B shares	4.906M shares
Shareholders Equity	$1.361B	$1.312B	$1.265B
YoY Change
Total Liabilities & Shareholders Equity	$3.340B	$3.201B	$2.917B
YoY Change	14.49%	9.19%	7.61%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q4
OPERATING ACTIVITIES
Net Income	$75.19M	$74.67M	$80.94M
YoY Change	-7.1%	2.44%	65.77%
Depreciation, Depletion And Amortization	$20.50M	$16.96M	$13.17M
YoY Change	55.67%	3.99%	11.38%
Cash From Operating Activities	$99.60M	$39.10M	$79.40M
YoY Change	25.44%	-51.85%	35.03%
INVESTING ACTIVITIES
Capital Expenditures	-$12.10M	-$23.40M	-$5.700M
YoY Change	112.28%	333.33%	-9.52%
Acquisitions
YoY Change
Other Investing Activities	-$145.8M	-$102.3M	$1.100M
YoY Change	-13354.55%	-51.75%	-100.59%
Cash From Investing Activities	-$157.9M	-$125.7M	-$4.600M
YoY Change	3332.61%	-42.18%	-97.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	64.60M	73.70M	-86.50M
YoY Change	-174.68%	-52.85%	-157.48%
NET CHANGE
Cash From Operating Activities	99.60M	39.10M	79.40M
Cash From Investing Activities	-157.9M	-125.7M	-4.600M
Cash From Financing Activities	64.60M	73.70M	-86.50M
Net Change In Cash	6.300M	-12.90M	-11.70M
YoY Change	-153.85%	-164.18%	-167.63%
FREE CASH FLOW
Cash From Operating Activities	$99.60M	$39.10M	$79.40M
Capital Expenditures	-$12.10M	-$23.40M	-$5.700M
Free Cash Flow	$111.7M	$62.50M	$85.10M
YoY Change	31.26%	-27.83%	30.72%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	midd	Debt Instrument Interest Coverage Ratio Range Low DebtInstrumentInterestCoverageRatioRangeLow	3.00
	midd	Debt Instrument Leverage Ratio Range High DebtInstrumentLeverageRatioRangeHigh	1.00
	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 Non Current DerivativeFixedInterestRateNonCurrent	0.0130
	midd	Debt Instrument Leverage Ratio Range Low DebtInstrumentLeverageRatioRangeLow	3.50
	midd	Capital Expenditures Net CapitalExpendituresNet	18799000	USD
CY2017Q3	midd	Capital Expenditures Net CapitalExpendituresNet	12144000	USD
	midd	Capital Expenditures Net CapitalExpendituresNet	42434000	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
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000769520
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	55912876	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	12138000	USD
CY2016Q4	midd	Accrued Rebate Current AccruedRebateCurrent	49923000	USD
CY2017Q3	midd	Accrued Rebate Current AccruedRebateCurrent	39110000	USD
CY2016Q4	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	2295000	USD
CY2017Q3	midd	Accured Restructuring Liabilities Current AccuredRestructuringLiabilitiesCurrent	3352000	USD
CY2017Q3	midd	Business Acquisition Deferred Payments BusinessAcquisitionDeferredPayments	1000000	USD
CY2016Q4	midd	Capital Expenditures Net CapitalExpendituresNet	5691000	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	27756000	USD
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	3.96
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	3.71
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	3.96
CY2017Q3	midd	Line Of Credit Average Interest Rate LineOfCreditAverageInterestRate	0.0233
CY2017Q3	midd	Lineof Credit Facility Amount Outstanding Gbp Borrowings LineofCreditFacilityAmountOutstandingGBPBorrowings	23200000	USD
CY2017Q3	midd	Lineof Credit Facility Outstanding Amount Usd Borrowings LineofCreditFacilityOutstandingAmountUSDBorrowings	921500000	USD
CY2017Q3	midd	Lineof Credit Facility Potential Additional Borrowing Capacity LineofCreditFacilityPotentialAdditionalBorrowingCapacity	3000000000	USD
CY2017Q3	midd	Lineofcredit Currentand Noncurrent Foreign LineofcreditCurrentandNoncurrentForeign	5900000	USD
CY2016Q4	midd	Midd Accrued Product Recall Midd_AccruedProductRecall	7003000	USD
CY2017Q3	midd	Midd Accrued Product Recall Midd_AccruedProductRecall	6046000	USD
	midd	Number Of Plans NumberOfPlans	2	plan
CY2016Q4	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	3900000	USD
	midd	Repayments Of Proceeds From Revolving Credit Facilities RepaymentsOfProceedsFromRevolvingCreditFacilities	100362000	USD
	midd	Repayments Of Proceeds From Revolving Credit Facilities RepaymentsOfProceedsFromRevolvingCreditFacilities	217299000	USD
CY2017Q3	midd	Stock Repurchase Program Cumulative Number Of Shares Repurchased StockRepurchaseProgramCumulativeNumberOfSharesRepurchased	3860996	shares
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	146921000	USD
CY2017Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	144474000	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	325868000	USD
CY2017Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	336805000	USD
CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	335605000	USD
CY2017Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	316983000	USD
CY2016Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	16605000	USD
CY2017Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	19116000	USD
CY2016Q4	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	12834000	USD
CY2017Q3	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	12528000	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	119435000	USD
CY2017Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	135922000	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	-254893000	USD
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	355287000	USD
CY2017Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	374093000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	12600000	USD
CY2017Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	13594000	USD
CY2016Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5100000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	23100000	USD
CY2017Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9100000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	26500000	USD
CY2014Q3	us-gaap	Assets Assets	2915468000	USD
CY2016Q4	us-gaap	Assets Assets	2917136000	USD
CY2017Q3	us-gaap	Assets Assets	3201143000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	811699000	USD
CY2017Q3	us-gaap	Assets Current AssetsCurrent	901525000	USD
CY2015Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	274276000	USD
CY2017Q3	us-gaap	Assets Noncurrent AssetsNoncurrent	354612000	USD
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	3.71
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	211785000	USD
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	225987000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	1879104000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	1803636000	USD
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	61780000	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	81726000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	6252000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	13241000	USD
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	95000000000	shares
CY2017Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	95000000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	62445315000	shares
CY2017Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	62675917000	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	144000	USD
CY2017Q3	us-gaap	Common Stock Value CommonStockValue	145000	USD
CY2016Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	55345000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	167532000	USD
CY2017Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	84320000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	252372000	USD
CY2016Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	342496000	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1009032000	USD
CY2017Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	364524000	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1030106000	USD
CY2016Q4	us-gaap	Customer Deposits Current CustomerDepositsCurrent	41735000	USD
CY2017Q3	us-gaap	Customer Deposits Current CustomerDepositsCurrent	40039000	USD
CY2016Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	732126000	USD
CY2017Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	950708000	USD
CY2016Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	732126000	USD
CY2017Q3	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	950708000	USD
	us-gaap	Debt Instrument Interest Rate Increase Decrease DebtInstrumentInterestRateIncreaseDecrease	0.01
CY2016Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	51699000	USD
CY2017Q3	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	45225000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	19325000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	21369000	USD
CY2016Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	77760000	USD
CY2017Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	108190000	USD
CY2016Q4	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	322988000	USD
CY2017Q3	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	325127000	USD
CY2016Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	13169000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	44409000	USD
CY2017Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	16961000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	49276000	USD
CY2016Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.33
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.56
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.31
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.91
CY2016Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.33
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.56
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.31
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.91
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-2005000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	4748000	USD
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.330
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.308
CY2016Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	74505000	USD
CY2017Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	67859000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	-830000	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	195835000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	24318000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	33402000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	18919000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	21566000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	25054000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	27243000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	289449000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	346337000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	150502000	USD
CY2016Q4	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	0	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	-2894000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	1092722000	USD
CY2017Q3	us-gaap	Goodwill Goodwill	1158654000	USD
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	74543000	USD
	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	-36367000	USD
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	us-gaap	Gross Profit GrossProfit	672577000	USD
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	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	303438000	USD
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	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	322314000	USD
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	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	100158000	USD
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	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-8785000	USD
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	us-gaap	Operating Income Loss OperatingIncomeLoss	319727000	USD
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	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-40169000	USD
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	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	44897000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	505000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-4351000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	5664000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	14838000	USD
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	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	70000	USD
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	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-629000	USD
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CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	44159000	USD
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	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1486000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1068000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1101000	USD
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	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	224996000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	210921000	USD
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	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	18799000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	42434000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	10
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	10
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CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	42704000	USD
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CY2016Q4	us-gaap	Prepaid Taxes PrepaidTaxes	6399000	USD
CY2017Q3	us-gaap	Prepaid Taxes PrepaidTaxes	10512000	USD
	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-26000	USD
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	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-1062000	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	50098000	USD
	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	6474000	USD
CY2016Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	40851000	USD
CY2017Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	50098000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	38926000	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	41699000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	221571000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	275365000	USD
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-887000	USD
CY2016Q4	us-gaap	Restructuring Charges RestructuringCharges	1149000	USD
	us-gaap	Restructuring Charges RestructuringCharges	8145000	USD
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	us-gaap	Restructuring Charges RestructuringCharges	17437000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1399490000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1622432000	USD
CY2016Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	13565000	USD
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	us-gaap	Sales Revenue Net SalesRevenueNet	1671035000	USD
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet	593043000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	1702683000	USD
CY2016Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	109140000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	334131000	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	106044000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	325710000	USD
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	us-gaap	Share Based Compensation ShareBasedCompensation	17300000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	17346000	USD
CY2017Q3	us-gaap	Share Based Compensation ShareBasedCompensation	100000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	6500000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	6478000	USD
CY2017Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	1900000	USD
CY2017Q2	us-gaap	Stock Issued During Period Shares Acquisitions StockIssuedDuringPeriodSharesAcquisitions	106254	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
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CY2017Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	1680395	shares
CY2017Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	200400000	USD
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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
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	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
CY2016Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57022000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57032000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56810000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57070000	shares
CY2016Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57022000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57032000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	56810000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57070000	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%;text-align:left;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 surveyed businesses within each reporting segment to validate the various revenue streams and identify potential differences in the timing of revenue recognition, which could result from applying the requirements of the new standard. The company also conducted workshops and initiated contract reviews to further corroborate information about the nature, magnitude, and frequency of the underlying transactions identified during the surveys as having a potential impact on revenue recognition. Based on the results, the company is reviewing and revising its accounting policies and formulating plans to address any variations from current practices (including additional disclosure requirements). 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 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;"><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 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;">nine months period ended September 30, 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;">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 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 the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities". The amendments in ASU-12 provide new guidance about income statement classification and eliminates the requirement to separately measure and report hedge ineffectiveness. The entire change in fair value for qualifying hedge instruments included in the effectiveness will be recorded in other comprehensive income (OCI) and amounts deferred in OCI will be reclassified to earnings in the same income statement line item in which the earnings effect of the hedged item is reported. This ASU is effective for annual reporting periods, and interim periods with those reporting periods, beginning after December 15, 2018 with early adoption permitted. The company is currently evaluating the 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
0000769520-17-000012-index-headers.html	Edgar Link	pending
0000769520-17-000012-index.html	Edgar Link	pending
0000769520-17-000012.txt	Edgar Link	pending
0000769520-17-000012-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
midd-20170930.xml	Edgar Link	completed
midd-20170930.xsd	Edgar Link	pending
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midd-20170930_def.xml	Edgar Link	unprocessable
midd-20170930_lab.xml	Edgar Link	unprocessable
midd-20170930_pre.xml	Edgar Link	unprocessable
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middleby10-qq32017.htm	Edgar Link	pending
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2017 Q4 Form 10-Q Financial Statement

#000076952017000012 Filed on November 09, 2017

Income Statement

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$MIDD MIDDLEBY Corp Stock $midd

2017 Q4 Form 10-Q Financial Statement

#000076952017000012 Filed on November 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIDD
MIDDLEBY Corp Stock $midd