$MIDD
MIDDLEBY Corp

2021 Q2 Form 10-Q Financial Statement

#000076952021000010 Filed on May 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q1
Revenue $758.1M $677.5M
YoY Change 60.61% -1.36%
Cost Of Revenue $482.2M $427.3M
YoY Change 51.23% -0.52%
Gross Profit $275.9M $250.2M
YoY Change 80.16% -2.77%
Gross Profit Margin 36.39% 36.93%
Selling, General & Admin $155.0M $143.9M
YoY Change 38.57% -7.68%
% of Gross Profit 56.17% 57.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.43M $26.60M
YoY Change 221.42% 4.25%
% of Gross Profit 11.03% 10.63%
Operating Expenses $155.0M $143.9M
YoY Change 38.57% -7.68%
Operating Profit $121.2M $105.4M
YoY Change 209.76% 4.31%
Interest Expense -$16.10M -$15.70M
YoY Change -26.15% -23.41%
% of Operating Profit -13.29% -14.89%
Other Income/Expense, Net $1.691M -$3.326M
YoY Change -542.67% -335.39%
Pretax Income $118.2M $96.46M
YoY Change 341.72% 7.52%
Income Tax $28.90M $22.70M
% Of Pretax Income 24.46% 23.53%
Net Earnings $89.26M $73.78M
YoY Change 321.81% 6.91%
Net Earnings / Revenue 11.78% 10.89%
Basic Earnings Per Share $1.62 $1.33
Diluted Earnings Per Share $1.59 $1.33
COMMON SHARES
Basic Shares Outstanding 55.21M shares 55.40M shares
Diluted Shares Outstanding 55.97M shares 55.40M shares

Balance Sheet

Concept 2021 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $309.3M $381.0M
YoY Change -52.39% 369.21%
Cash & Equivalents $309.3M $381.0M
Short-Term Investments
Other Short-Term Assets $62.70M $54.00M
YoY Change 14.84% 23.01%
Inventory $574.3M $623.8M
Prepaid Expenses
Receivables $427.9M $425.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.393B $1.508B
YoY Change -15.63% 35.69%
LONG-TERM ASSETS
Property, Plant & Equipment $336.3M $345.8M
YoY Change -2.07% 8.68%
Goodwill $1.929B $1.836B
YoY Change 4.72% 5.58%
Intangibles $1.428B $1.434B
YoY Change -0.11% 4.58%
Long-Term Investments
YoY Change
Other Assets $129.4M $121.4M
YoY Change 11.79% 2.81%
Total Long-Term Assets $3.897B $500.4M
YoY Change 692.12% 7.18%
TOTAL ASSETS
Total Short-Term Assets $1.393B $1.508B
Total Long-Term Assets $3.897B $500.4M
Total Assets $5.290B $5.278B
YoY Change -2.3% 12.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $213.4M $191.7M
YoY Change 70.75% -1.64%
Accrued Expenses $479.9M $393.6M
YoY Change 34.96% 8.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $21.09M $21.93M
YoY Change -12.01% 626.98%
Total Short-Term Liabilities $714.4M $607.2M
YoY Change 41.6% 8.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.801B $2.177B
YoY Change -24.1% 15.24%
Other Long-Term Liabilities $190.3M $206.6M
YoY Change -9.04% 45.46%
Total Long-Term Liabilities $1.991B $2.384B
YoY Change -22.88% 17.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $714.4M $607.2M
Total Long-Term Liabilities $1.991B $2.384B
Total Liabilities $2.706B $2.991B
YoY Change -12.34% 15.35%
SHAREHOLDERS EQUITY
Retained Earnings $2.663B $2.435B
YoY Change 8.41% 17.18%
Common Stock $147.0K $145.0K
YoY Change 1.38% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $538.9M $525.9M
YoY Change 2.04% 16.76%
Treasury Stock Shares 8.024M shares 7.896M shares
Shareholders Equity $1.995B $1.895B
YoY Change
Total Liabilities & Shareholders Equity $5.290B $5.278B
YoY Change -2.3% 12.58%

Cashflow Statement

Concept 2021 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $89.26M $73.78M
YoY Change 321.81% 6.91%
Depreciation, Depletion And Amortization $30.43M $26.60M
YoY Change 221.42% 4.25%
Cash From Operating Activities $59.70M $87.14M
YoY Change -23.17% 156.68%
INVESTING ACTIVITIES
Capital Expenditures $8.725M $9.181M
YoY Change -164.63% 13.42%
Acquisitions $1.667M $30.04M
YoY Change 142.32%
Other Investing Activities $1.700M -$30.00M
YoY Change -82.11% 141.94%
Cash From Investing Activities -$7.038M -$39.22M
YoY Change 75.95% 91.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.762M $74.60M
YoY Change 1316.1%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.285M $245.1M
YoY Change -104.29% -6062.0%
NET CHANGE
Cash From Operating Activities $59.70M $87.14M
Cash From Investing Activities -$7.038M -$39.22M
Cash From Financing Activities -$8.285M $245.1M
Net Change In Cash $41.23M $286.5M
YoY Change -84.55% 2966.27%
FREE CASH FLOW
Cash From Operating Activities $59.70M $87.14M
Capital Expenditures $8.725M $9.181M
Free Cash Flow $50.97M $77.96M
YoY Change -44.11% 201.54%

Facts In Submission

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IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-16236000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-45864000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
59695000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
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87137000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8725000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9181000 USD
CY2021Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3354000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2021Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1667000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
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-7038000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-39222000 USD
CY2021Q2 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
18995000 USD
CY2020Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
2303953000 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
7600000 USD
CY2020Q1 us-gaap Repayments Of Lines Of Credit
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1977453000 USD
CY2021Q2 us-gaap Proceeds From Repayments Of Other Debt
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-1757000 USD
CY2020Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
786000 USD
CY2021Q2 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-78000 USD
CY2020Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-11000 USD
CY2021Q2 us-gaap Payments For Repurchase Of Common Stock
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1762000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
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74600000 USD
CY2021Q2 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2020Q1 us-gaap Payments Of Debt Issuance Costs
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7577000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
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-8285000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
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245098000 USD
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-3144000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-6470000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41228000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
286543000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
268103000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
94500000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
309331000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
381043000 USD
CY2021Q2 us-gaap Use Of Estimates
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Use of Estimates 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.
CY2020Q1 us-gaap Share Based Compensation
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4200000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28900000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.245
CY2020Q1 us-gaap Income Tax Expense Benefit
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22700000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.235
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2021Q2 us-gaap Interest Paid
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16600000 USD
CY2020Q1 us-gaap Interest Paid
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14100000 USD
CY2021Q2 us-gaap Income Taxes Paid
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12800000 USD
CY2020Q1 us-gaap Income Taxes Paid
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6200000 USD
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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8269 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2033 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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744334 shares
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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677459000 USD
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1267000 USD
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758058000 USD
CY2020Q1 us-gaap Business Acquisitions Pro Forma Revenue
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689593000 USD
CY2021Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
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91882000 USD
CY2020Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
67302000 USD
CY2021Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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1.66
CY2020Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.21
CY2021Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.64
CY2020Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.21
CY2021Q2 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
Litigation MattersFrom 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.
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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758058000 USD
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CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q2 us-gaap Contract With Customer Asset Net Current
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18899000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
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20328000 USD
CY2021Q2 us-gaap Contract With Customer Liability
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108766000 USD
CY2021Q1 us-gaap Contract With Customer Liability
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93871000 USD
CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
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13020000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
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13523000 USD
CY2021Q2 us-gaap Contract With Customer Asset Reclassified To Receivable
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8700000 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
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59100000 USD
CY2021Q2 midd Contract With Customer Liability Increase For Contract Acquired During The Period
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84300000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Impairment Loss
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0 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-7195000 USD
CY2021Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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5023000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-350933000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-60594000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q2 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
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-90000000.0 USD
CY2021Q2 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
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-8800000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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-900000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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4300000 USD
CY2020Q1 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
AccumulatedOtherComprehensiveincomeLossDefinedBenefitPlanTax
-45500000 USD
CY2020Q1 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesinNetGainLossfromCashFlowHedgesTax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
3100000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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-9300000 USD
CY2021Q2 us-gaap Net Income Loss
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89263000 USD
CY2020Q1 us-gaap Net Income Loss
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73779000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-10614000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-48916000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3970000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-14808000 USD
CY2021Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
12412000 USD
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-25219000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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87091000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
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14452000 USD
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
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292068000 USD
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
263200000 USD
CY2021Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
57537000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
55104000 USD
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
224672000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
1934261000 USD
CY2021Q2 us-gaap Goodwill Purchase Accounting Adjustments
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-247000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
221894000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
574277000 USD
CY2021Q1 us-gaap Inventory Net
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540198000 USD
CY2021Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-5370000 USD
CY2021Q2 us-gaap Goodwill
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1928644000 USD
CY2021Q2 midd Accrued Rebate Current
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30630000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
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826924000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
422169000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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826924000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
403347000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18800000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
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16900000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
65516000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
60567000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
54282000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
41939000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
37501000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
144950000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
404755000 USD
CY2021Q2 us-gaap Contract With Customer Liability
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108766000 USD
CY2021Q1 us-gaap Contract With Customer Liability
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93871000 USD
CY2021Q2 us-gaap Employee Related Liabilities Current
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105085000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
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93926000 USD
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
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75094000 USD
CY2021Q1 us-gaap Product Warranty Accrual Classified Current
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69667000 USD
CY2021Q1 midd Accrued Rebate Current
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43703000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
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22041000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
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22493000 USD
CY2021Q2 us-gaap Sales And Excise Tax Payable Current
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16730000 USD
CY2021Q1 us-gaap Sales And Excise Tax Payable Current
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22030000 USD
CY2021Q2 us-gaap Accrued Professional Fees Current
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13782000 USD
CY2021Q1 us-gaap Accrued Professional Fees Current
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12133000 USD
CY2021Q2 midd Accrued Product Liability And Workers Compensation Liability Current
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12402000 USD
CY2021Q1 midd Accrued Product Liability And Workers Compensation Liability Current
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12909000 USD
CY2021Q2 us-gaap Accrued Sales Commission Current
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12215000 USD
CY2021Q1 us-gaap Accrued Sales Commission Current
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11105000 USD
CY2021Q2 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
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10672000 USD
CY2021Q1 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
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14075000 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
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0 USD
CY2021Q1 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
22313000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
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72496000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
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76316000 USD
CY2021Q2 us-gaap Accrued Liabilities Current
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479913000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
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494541000 USD
CY2021Q1 us-gaap Product Warranty Accrual
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69667000 USD
CY2021Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
20881000 USD
CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
15454000 USD
CY2021Q2 us-gaap Product Warranty Accrual
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75094000 USD
CY2021Q2 midd Senior Secured Revolving Credit Line
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755000000 USD
CY2021Q1 midd Senior Secured Revolving Credit Line
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755000000 USD
CY2021Q2 midd Termloanfacility
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331250000 USD
CY2021Q1 midd Termloanfacility
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335938000 USD
CY2021Q2 us-gaap Convertible Long Term Notes Payable
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732088000 USD
CY2021Q1 us-gaap Convertible Long Term Notes Payable
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632847000 USD
CY2021Q2 us-gaap Other Long Term Debt
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1312000 USD
CY2021Q1 us-gaap Other Long Term Debt
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1390000 USD
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1822133000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
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1729596000 USD
CY2021Q2 us-gaap Long Term Debt Current
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21093000 USD
CY2021Q1 us-gaap Long Term Debt Current
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22944000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
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1801040000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
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1706652000 USD
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3500000000 USD
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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3100000000 USD
CY2020Q3 midd Termloanfacility
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350000000 USD
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2750000000 USD
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755000000.0 USD
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331300000 USD
CY2021Q2 us-gaap Letters Of Credit Outstanding Amount
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2300000 USD
CY2021Q2 midd Debt Instrument Interest Additional Interest Above Libor Rate
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0.01625
CY2021Q2 midd Debt Instrument Interest Additional Interest Above Libor Rate Alternative
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CY2021Q2 midd Debt Instrument Interest Additional Interest Above Fed Funds Rate
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CY2021Q2 us-gaap Debt Instrument Interest Rate Increase Decrease
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CY2021Q2 midd Lineofcredit Currentand Noncurrent Foreign
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2500000 USD
CY2021Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
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0.0450
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260000000.0 USD
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0.0236
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802000000.0 USD
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CY2021Q2 midd Debt Instrument Interest Coverage Ratio Range Low
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CY2021Q2 midd Debt Instrument Qualified Leverage Ratio Range Low
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5.50
CY2021Q2 midd Debt Instrument Leverage Ratio Range High
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1.00
CY2021Q2 midd Debt Instrument Leverage Ratio Range Low
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CY2021Q2 midd Debt Instrument Leverage Ratio Range High
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1.00
CY2021Q2 midd Debt Instrument Qualified Leverage Ratio Range High
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4.00
CY2021Q2 midd Debt Instrument Leverage Ratio Range High
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1.00
CY2021Q2 us-gaap Convertible Long Term Notes Payable
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732088000 USD
CY2021Q1 us-gaap Convertible Long Term Notes Payable
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632847000 USD
CY2021Q2 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
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214200000 USD
CY2020Q3 midd Debt Instrument Convertible Estimated Conversion Shares
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5800000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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744334 shares
CY2020Q3 midd Debt Instrument Capped Call Transaction Estimated Conversion Shares
DebtInstrumentCappedCallTransactionEstimatedConversionShares
3600000 shares
CY2021Q2 us-gaap Interest Rate Derivative Liabilities At Fair Value
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34400000 USD
CY2021Q2 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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758058000 USD
CY2021Q2 midd Percentage Of Net Sales
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1.000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
677459000 USD
CY2020Q1 midd Percentage Of Net Sales
PercentageOfNetSales
1.000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
758058000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
121173000 USD
CY2021Q2 us-gaap Depreciation
Depreciation
10137000 USD
CY2021Q2 midd Amortizationof Intangible Assetsand Debt Issuance Costs
AmortizationofIntangibleAssetsandDebtIssuanceCosts
20295000 USD
CY2021Q2 midd Capital Expenditures Net
CapitalExpendituresNet
8725000 USD
CY2021Q2 us-gaap Assets
Assets
5289913000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
677459000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
105414000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
9230000 USD
CY2020Q1 midd Amortizationof Intangible Assetsand Debt Issuance Costs
AmortizationofIntangibleAssetsandDebtIssuanceCosts
17369000 USD
CY2020Q1 midd Capital Expenditures Net
CapitalExpendituresNet
9181000 USD
CY2020Q1 us-gaap Assets
Assets
5277979000 USD
CY2021Q2 midd Assets Noncurrent Excluding Goodwill And Intangible Assets Net
AssetsNoncurrentExcludingGoodwillAndIntangibleAssetsNet
539865000 USD
CY2020Q1 midd Assets Noncurrent Excluding Goodwill And Intangible Assets Net
AssetsNoncurrentExcludingGoodwillAndIntangibleAssetsNet
500391000 USD
CY2021Q2 midd Number Of Plans
NumberOfPlans
2 plan
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
896965 shares
CY2020Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
77.70
CY2021Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
1476835 shares

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