$MIDD
MIDDLEBY Corp

2022 Q2 Form 10-Q Financial Statement

#000076952022000008 Filed on May 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q2
Revenue $994.7M $758.1M
YoY Change 31.21% 60.61%
Cost Of Revenue $664.2M $482.2M
YoY Change 37.74% 51.23%
Gross Profit $330.5M $275.9M
YoY Change 19.8% 80.16%
Gross Profit Margin 33.23% 36.39%
Selling, General & Admin $206.1M $155.0M
YoY Change 32.99% 38.57%
% of Gross Profit 62.35% 56.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.74M $30.43M
YoY Change 53.59% 221.42%
% of Gross Profit 14.14% 11.03%
Operating Expenses $206.1M $155.0M
YoY Change 32.99% 38.57%
Operating Profit $122.6M $121.2M
YoY Change 1.15% 209.76%
Interest Expense -$17.65M -$16.10M
YoY Change 9.65% -26.15%
% of Operating Profit -14.4% -13.29%
Other Income/Expense, Net -$4.061M $1.691M
YoY Change -340.15% -542.67%
Pretax Income $112.4M $118.2M
YoY Change -4.91% 341.72%
Income Tax $26.60M $28.90M
% Of Pretax Income 23.67% 24.46%
Net Earnings $85.76M $89.26M
YoY Change -3.93% 321.81%
Net Earnings / Revenue 8.62% 11.78%
Basic Earnings Per Share $1.57 $1.62
Diluted Earnings Per Share $1.52 $1.59
COMMON SHARES
Basic Shares Outstanding 54.67M shares 55.21M shares
Diluted Shares Outstanding 56.36M shares 55.97M shares

Balance Sheet

Concept 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $146.7M $309.3M
YoY Change -52.58% -52.39%
Cash & Equivalents $146.7M $309.3M
Short-Term Investments
Other Short-Term Assets $88.51M $62.70M
YoY Change 41.17% 14.84%
Inventory $924.8M $574.3M
Prepaid Expenses
Receivables $629.9M $427.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.824B $1.393B
YoY Change 30.92% -15.63%
LONG-TERM ASSETS
Property, Plant & Equipment $382.6M $336.3M
YoY Change 13.77% -2.07%
Goodwill $2.236B $1.929B
YoY Change 15.96% 4.72%
Intangibles $1.835B $1.428B
YoY Change 28.49% -0.11%
Long-Term Investments
YoY Change
Other Assets $165.6M $129.4M
YoY Change 27.89% 11.79%
Total Long-Term Assets $4.650B $3.897B
YoY Change 19.34% 692.12%
TOTAL ASSETS
Total Short-Term Assets $1.824B $1.393B
Total Long-Term Assets $4.650B $3.897B
Total Assets $6.474B $5.290B
YoY Change 22.39% -2.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $305.3M $213.4M
YoY Change 43.06% 70.75%
Accrued Expenses $585.4M $479.9M
YoY Change 21.97% 34.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $27.69M $21.09M
YoY Change 31.29% -12.01%
Total Short-Term Liabilities $918.4M $714.4M
YoY Change 28.55% 41.6%
LONG-TERM LIABILITIES
Long-Term Debt $2.570B $1.801B
YoY Change 42.7% -24.1%
Other Long-Term Liabilities $154.2M $190.3M
YoY Change -18.95% -9.04%
Total Long-Term Liabilities $2.724B $1.991B
YoY Change 36.81% -22.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $918.4M $714.4M
Total Long-Term Liabilities $2.724B $1.991B
Total Liabilities $3.643B $2.706B
YoY Change 34.63% -12.34%
SHAREHOLDERS EQUITY
Retained Earnings $3.148B $2.663B
YoY Change 18.21% 8.41%
Common Stock $147.0K $147.0K
YoY Change 0.0% 1.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $736.4M $538.9M
YoY Change 36.65% 2.04%
Treasury Stock Shares 9.117M shares 8.024M shares
Shareholders Equity $2.428B $1.995B
YoY Change
Total Liabilities & Shareholders Equity $6.474B $5.290B
YoY Change 22.39% -2.3%

Cashflow Statement

Concept 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income $85.76M $89.26M
YoY Change -3.93% 321.81%
Depreciation, Depletion And Amortization $46.74M $30.43M
YoY Change 53.59% 221.42%
Cash From Operating Activities -$15.34M $59.70M
YoY Change -125.7% -23.17%
INVESTING ACTIVITIES
Capital Expenditures $14.50M $8.725M
YoY Change 66.15% -164.63%
Acquisitions $9.389M $1.667M
YoY Change 463.23%
Other Investing Activities -$9.389M $1.700M
YoY Change -652.29% -82.11%
Cash From Investing Activities -$24.13M -$7.038M
YoY Change 242.8% 75.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $170.0M $1.762M
YoY Change 9548.86%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $8.721M -$8.285M
YoY Change -205.26% -104.29%
NET CHANGE
Cash From Operating Activities -$15.34M $59.70M
Cash From Investing Activities -$24.13M -$7.038M
Cash From Financing Activities $8.721M -$8.285M
Net Change In Cash -$33.69M $41.23M
YoY Change -181.71% -84.55%
FREE CASH FLOW
Cash From Operating Activities -$15.34M $59.70M
Capital Expenditures $14.50M $8.725M
Free Cash Flow -$29.84M $50.97M
YoY Change -158.55% -44.11%

Facts In Submission

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CY2021Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
66666000 USD
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
88474000 USD
CY2021Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
33266000 USD
CY2022Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3926000 USD
CY2021Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-27407000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1235000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
31662000 USD
CY2022Q2 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-5991000 USD
CY2021Q2 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-16236000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15344000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
59695000 USD
CY2022Q2 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
365000000 USD
CY2021Q2 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
18995000 USD
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14497000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8725000 USD
CY2022Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2021Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3354000 USD
CY2022Q2 us-gaap Payments To Acquire Intangible Assets
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240000 USD
CY2021Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2022Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
9389000 USD
CY2021Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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1667000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
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-24126000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
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-7038000 USD
CY2022Q2 us-gaap Repayments Of Lines Of Credit
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177250000 USD
CY2021Q2 us-gaap Repayments Of Lines Of Credit
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23683000 USD
CY2022Q2 midd Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
9655000 USD
CY2021Q2 midd Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
0 USD
CY2022Q2 us-gaap Proceeds From Repayments Of Other Debt
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756000 USD
CY2021Q2 us-gaap Proceeds From Repayments Of Other Debt
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-1757000 USD
CY2022Q2 us-gaap Payments For Repurchase Of Common Stock
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170013000 USD
CY2021Q2 us-gaap Payments For Repurchase Of Common Stock
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1762000 USD
CY2022Q2 us-gaap Proceeds From Payments For Other Financing Activities
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-117000 USD
CY2021Q2 us-gaap Proceeds From Payments For Other Financing Activities
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-78000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
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8721000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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-2937000 USD
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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-3144000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-33686000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41228000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
180362000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
268103000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
146676000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
309331000 USD
CY2022Q2 us-gaap Use Of Estimates
UseOfEstimates
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.
CY2022Q2 us-gaap Share Based Compensation
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13700000 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
7600000 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
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26600000 USD
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.237
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
CY2022Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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2.06
CY2021Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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1.20
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18100000 USD
CY2021Q2 us-gaap Interest Paid
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16600000 USD
CY2022Q2 us-gaap Income Taxes Paid
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7900000 USD
CY2021Q2 us-gaap Income Taxes Paid
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12800000 USD
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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5653 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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8269 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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1688402 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
744334 shares
CY2022Q2 us-gaap Business Acquisitions Pro Forma Revenue
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994676000 USD
CY2021Q2 us-gaap Business Acquisitions Pro Forma Revenue
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887876000 USD
CY2022Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
112840000 USD
CY2021Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
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66300000 USD
CY2022Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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2.00
CY2021Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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1.18
CY2022Q2 us-gaap Contract With Customer Asset Reclassified To Receivable
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4800000 USD
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
79600000 USD
CY2022Q2 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.
CY2022Q1 us-gaap Contract With Customer Asset Net Current
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21592000 USD
CY2022Q2 us-gaap Contract With Customer Liability
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160204000 USD
CY2022Q1 us-gaap Contract With Customer Liability
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133315000 USD
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
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11089000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
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11602000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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994676000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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758058000 USD
CY2022Q2 us-gaap Contract With Customer Asset Net Current
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34012000 USD
CY2022Q2 midd Contract With Customer Liability Increase For Contract Acquired During The Period
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119900000 USD
CY2022Q2 us-gaap Capitalized Contract Cost Impairment Loss
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0 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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7556000 USD
CY2022Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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3961000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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11517000 USD
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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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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CY2021Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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5023000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
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-38500000 USD
CY2022Q2 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
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6400000 USD
CY2022Q2 midd Accumulated Other Comprehensive Income Loss Unrealized Gain Loss Certain Investments Tax
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900000 USD
CY2022Q2 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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1000000 USD
CY2022Q2 midd Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Tax
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10900000 USD
CY2022Q2 midd Other Comprehensive Income Loss Unrealized Gain Loss Certain Investments Tax
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500000 USD
CY2021Q2 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
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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 midd Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Tax
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4300000 USD
CY2022Q2 us-gaap Net Income Loss
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85755000 USD
CY2021Q2 us-gaap Net Income Loss
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89263000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-27191000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10614000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6244000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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3970000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
31116000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
12412000 USD
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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1348000 USD
CY2021Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
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97272000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
87091000 USD
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
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491213000 USD
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
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421361000 USD
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
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74325000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
65581000 USD
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
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359225000 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
350476000 USD
CY2022Q2 us-gaap Inventory Net
InventoryNet
924763000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
837418000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
2243469000 USD
CY2022Q2 us-gaap Goodwill Acquired During Period
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1764000 USD
CY2022Q2 us-gaap Goodwill Purchase Accounting Adjustments
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4889000 USD
CY2022Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-13681000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
2236441000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
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950686000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
475930000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
950484000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
442208000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
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33600000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18800000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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80942000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
74658000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
62315000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
57876000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
53343000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
145622000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
474756000 USD
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
160204000 USD
CY2022Q1 us-gaap Contract With Customer Liability
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133315000 USD
CY2022Q2 us-gaap Employee Related Liabilities Current
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111943000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
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115762000 USD
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
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79660000 USD
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
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80215000 USD
CY2022Q2 midd Accrued Rebate Current
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40250000 USD
CY2022Q1 midd Accrued Rebate Current
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72451000 USD
CY2022Q2 us-gaap Operating Lease Liability Current
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22007000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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22753000 USD
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
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21391000 USD
CY2022Q1 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
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18728000 USD
CY2022Q2 us-gaap Accrued Professional Fees Current
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20647000 USD
CY2022Q1 us-gaap Accrued Professional Fees Current
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19292000 USD
CY2022Q2 us-gaap Sales And Excise Tax Payable Current
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20256000 USD
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
22684000 USD
CY2022Q2 us-gaap Accrued Sales Commission Current
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15520000 USD
CY2022Q1 us-gaap Accrued Sales Commission Current
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13670000 USD
CY2022Q2 midd Accrued Product Liability And Workers Compensation Liability Current
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11722000 USD
CY2022Q1 midd Accrued Product Liability And Workers Compensation Liability Current
AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent
10952000 USD
CY2022Q2 us-gaap Other Accrued Liabilities Current
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81764000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
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73033000 USD
CY2022Q2 us-gaap Accrued Liabilities Current
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585364000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
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582855000 USD
CY2022Q1 us-gaap Product Warranty Accrual
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80215000 USD
CY2022Q2 us-gaap Product Warranty Accrual Additions From Business Acquisition
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436000 USD
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
16620000 USD
CY2022Q2 us-gaap Product Warranty Accrual Payments
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17611000 USD
CY2022Q2 us-gaap Product Warranty Accrual
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79660000 USD
CY2022Q2 midd Senior Secured Revolving Credit Line
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871001000 USD
CY2022Q1 midd Senior Secured Revolving Credit Line
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683175000 USD
CY2022Q2 midd Termloanfacility
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987251000 USD
CY2022Q1 midd Termloanfacility
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993340000 USD
CY2022Q2 us-gaap Convertible Long Term Notes Payable
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735234000 USD
CY2022Q1 us-gaap Convertible Long Term Notes Payable
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734417000 USD
CY2022Q2 us-gaap Other Long Term Debt
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1068000 USD
CY2022Q1 us-gaap Other Long Term Debt
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1138000 USD
CY2022Q2 us-gaap Debt Instrument Carrying Amount
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2597825000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
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2414294000 USD
CY2022Q2 us-gaap Long Term Debt Current
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27693000 USD
CY2022Q1 us-gaap Long Term Debt Current
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27293000 USD
CY2022Q2 us-gaap Long Term Debt Noncurrent
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2570132000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
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2387001000 USD
CY2022Q2 us-gaap Line Of Credit
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1900000000 USD
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CY2022Q2 midd Termloanfacility
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987000000 USD
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
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2200000 USD
CY2022Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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2600000000 USD
CY2022Q2 midd Debt Instrument Interest Additional Interest Above Libor Rate
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0.01625
CY2022Q2 midd Debt Instrument Interest Additional Interest Above Libor Rate Alternative
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0.00625
CY2022Q2 midd Debt Instrument Interest Additional Interest Above Fed Funds Rate
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0.0050
CY2022Q1 us-gaap Derivative Notional Amount
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375000000 USD
CY2022Q2 us-gaap Debt Instrument Interest Rate Increase Decrease
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CY2022Q2 midd Debt Instrument Interest Additional Interest Above Libor Rate Elevated Covenants
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0.01625
CY2022Q2 midd Line Of Credit Facility Commitment Fee Percentage Elevated Covenants
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0.0025
CY2022Q2 midd Line Of Credit Average Interest Rate
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CY2022Q2 us-gaap Line Of Credit Facility Commitment Fee Percentage
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CY2022Q2 midd Termloanfacilityaverageinterestrate
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CY2022Q2 midd Lineofcredit Currentand Noncurrent Foreign
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3300000 USD
CY2022Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
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0.1005
CY2022Q1 us-gaap Derivative Fixed Interest Rate
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CY2022Q2 midd Derivative Notional Amount Current
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129000000 USD
CY2022Q2 midd Derivative Fixed Interest Rate Current
DerivativeFixedInterestRateCurrent
0.0171
CY2022Q2 midd Derivative Notional Amount Non Current
DerivativeNotionalAmountNonCurrent
1048000000 USD
CY2022Q2 midd Derivative Fixed Interest Rate Non Current
DerivativeFixedInterestRateNonCurrent
0.0179
CY2022Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
735234000 USD
CY2022Q1 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
734417000 USD
CY2022Q2 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
DebtInstrumentConvertibleIfConvertedValueInExcessOfPrincipal
191000000 USD
CY2022Q2 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
24000000 USD
CY2022Q2 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-31100000 USD
CY2021Q2 us-gaap Depreciation
Depreciation
10137000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
994676000 USD
CY2022Q2 midd Percentage Of Net Sales
PercentageOfNetSales
1.000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
758058000 USD
CY2021Q2 midd Percentage Of Net Sales
PercentageOfNetSales
1.000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
994676000 USD
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
122564000 USD
CY2022Q2 us-gaap Depreciation
Depreciation
11372000 USD
CY2022Q2 midd Amortizationof Intangible Assetsand Debt Issuance Costs
AmortizationofIntangibleAssetsandDebtIssuanceCosts
35370000 USD
CY2022Q2 midd Capital Expenditures Net
CapitalExpendituresNet
14497000 USD
CY2022Q2 us-gaap Assets
Assets
6474165000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
758058000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
121173000 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
CY2022Q2 midd Assets Noncurrent Excluding Goodwill And Intangible Assets Net
AssetsNoncurrentExcludingGoodwillAndIntangibleAssetsNet
578747000 USD
CY2021Q2 midd Assets Noncurrent Excluding Goodwill And Intangible Assets Net
AssetsNoncurrentExcludingGoodwillAndIntangibleAssetsNet
539865000 USD
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
862912 shares
CY2022Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
179.89
CY2022Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
472423 shares

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