2024 Q1 Form 10-K Financial Statement

#000076952024000004 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $926.9M $1.009B $4.037B
YoY Change 1.58% 24.17%
Cost Of Revenue $580.6M $621.8M $2.503B
YoY Change -0.93% 21.72%
Gross Profit $346.4M $386.8M $1.534B
YoY Change 5.9% 28.39%
Gross Profit Margin 37.37% 38.35% 38.0%
Selling, General & Admin $206.0M $191.6M $806.9M
YoY Change -4.78% 20.8%
% of Gross Profit 59.49% 49.53% 52.6%
Research & Development $53.10M
YoY Change 27.03%
% of Gross Profit 3.46%
Depreciation & Amortization $32.41M $33.55M $132.6M
YoY Change 253.9% 5.88%
% of Gross Profit 9.36% 8.67% 8.64%
Operating Expenses $206.0M $191.6M $860.0M
YoY Change -4.78% 21.17%
Operating Profit $137.1M $195.2M $634.9M
YoY Change 20.7% 0.77%
Interest Expense -$26.27M -$28.28M -$120.3M
YoY Change 17.49% 111.67%
% of Operating Profit -19.16% -14.49% -18.96%
Other Income/Expense, Net $300.0K $571.0K -$4.213M
YoY Change -106.69% -362.82%
Pretax Income $114.8M $86.93M $519.4M
YoY Change -37.49% -16.16%
Income Tax $28.30M $10.64M $118.5M
% Of Pretax Income 24.64% 12.23% 22.82%
Net Earnings $86.57M $76.29M $400.9M
YoY Change -26.9% -17.93%
Net Earnings / Revenue 9.34% 7.56% 9.93%
Basic Earnings Per Share $1.61 $7.48
Diluted Earnings Per Share $1.59 $1.42 $7.41
COMMON SHARES
Basic Shares Outstanding 53.60M shares 53.60M shares 53.58M shares
Diluted Shares Outstanding 54.39M shares 54.09M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $341.0M $247.5M $247.5M
YoY Change 70.78% 37.22%
Cash & Equivalents $341.0M $247.5M $247.5M
Short-Term Investments
Other Short-Term Assets $132.0M $137.9M $137.9M
YoY Change -7.73% 52.28%
Inventory $943.7M $935.9M $935.9M
Prepaid Expenses
Receivables $605.2M $644.6M $644.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.022B $1.966B $1.966B
YoY Change 0.79% 15.16%
LONG-TERM ASSETS
Property, Plant & Equipment $508.1M $510.9M $510.9M
YoY Change 20.51% 34.1%
Goodwill $2.473B $2.486B
YoY Change 8.69%
Intangibles $1.669B $1.693B
YoY Change -4.98%
Long-Term Investments
YoY Change
Other Assets $206.7M $204.1M $250.5M
YoY Change -0.85% 41.8%
Total Long-Term Assets $4.908B $4.941B $4.941B
YoY Change 4.65% 5.65%
TOTAL ASSETS
Total Short-Term Assets $2.022B $1.966B $1.966B
Total Long-Term Assets $4.908B $4.941B $4.941B
Total Assets $6.930B $6.907B $6.907B
YoY Change 3.52% 8.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $233.4M $227.1M $227.1M
YoY Change -13.05% -25.48%
Accrued Expenses $562.9M $579.2M $579.2M
YoY Change -8.35% 28.84%
Deferred Revenue $118.7M
YoY Change -36.13%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $44.54M $44.82M $44.82M
YoY Change 0.35% 64.23%
Total Short-Term Liabilities $840.9M $851.1M $851.1M
YoY Change -9.24% -6.97%
LONG-TERM LIABILITIES
Long-Term Debt $2.370B $2.380B $2.380B
YoY Change -11.62% -0.28%
Other Long-Term Liabilities $188.4M $197.1M $209.2M
YoY Change 17.61% -47.77%
Total Long-Term Liabilities $2.558B $2.577B $2.590B
YoY Change -9.91% -7.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $840.9M $851.1M $851.1M
Total Long-Term Liabilities $2.558B $2.577B $2.590B
Total Liabilities $3.399B $3.429B $3.657B
YoY Change -9.74% -5.98%
SHAREHOLDERS EQUITY
Retained Earnings $3.986B $3.900B
YoY Change 15.87%
Common Stock $148.0K $148.0K
YoY Change 0.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $923.0M $906.0M
YoY Change 12.4%
Treasury Stock Shares
Shareholders Equity $3.311B $3.250B $3.250B
YoY Change
Total Liabilities & Shareholders Equity $6.930B $6.907B $6.907B
YoY Change 3.52% 8.19%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $86.57M $76.29M $400.9M
YoY Change -26.9% -17.93%
Depreciation, Depletion And Amortization $32.41M $33.55M $132.6M
YoY Change 253.9% 5.88%
Cash From Operating Activities $140.9M $255.7M $628.8M
YoY Change 204.42% 48.51%
INVESTING ACTIVITIES
Capital Expenditures $13.74M $15.53M $85.18M
YoY Change -180.73% 82.98%
Acquisitions $2.266M $68.76M
YoY Change -92.86%
Other Investing Activities -$2.266M -$984.0K -$68.76M
YoY Change -99.25% -92.82%
Cash From Investing Activities -$16.09M -$16.52M -$155.7M
YoY Change -89.03% -84.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $74.57M
YoY Change 154.79%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$28.56M -165.2M -$390.9M
YoY Change -401.1% -177.75%
NET CHANGE
Cash From Operating Activities $140.9M 255.7M $628.8M
Cash From Investing Activities -$16.09M -16.52M -$155.7M
Cash From Financing Activities -$28.56M -165.2M -$390.9M
Net Change In Cash $93.52M 74.00M $85.50M
YoY Change -729.13% -197.44%
FREE CASH FLOW
Cash From Operating Activities $140.9M $255.7M $628.8M
Capital Expenditures $13.74M $15.53M $85.18M
Free Cash Flow $127.2M $240.2M $543.6M
YoY Change 132.63% 44.25%

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CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
49589000 usd
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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24484000 usd
CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
443000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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1330000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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42330000 usd
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CY2022 midd Adjustments To Additional Paid In Capital Purchase Of Capped Calls Tax
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-13132000 usd
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OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
37475000 usd
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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58368000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
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CY2022 midd Adjustments To Additional Paid In Capital Purchase Of Capped Calls Tax
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CY2022 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
59855000 usd
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
5993000 usd
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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51047000 usd
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AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
19794000 usd
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
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74855000 usd
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StockholdersEquity
3249889000 usd
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NetIncomeLoss
400882000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
436569000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
488492000 usd
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DepreciationDepletionAndAmortization
132604000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
138061000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
125243000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
51047000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
58368000 usd
CY2022 us-gaap Share Based Compensation
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42330000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6863000 usd
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NetPeriodicBenefitCostOtherComponents
-9071000 usd
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NetPeriodicBenefitCostOtherComponents
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CY2022 midd Net Periodic Benefit Cost Other Components
NetPeriodicBenefitCostOtherComponents
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CY2023 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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78114000 usd
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AssetImpairmentCharges
0 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
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NonCashRestructuring
0 usd
CY2022 midd Non Cash Restructuring
NonCashRestructuring
0 usd
CY2022 midd Non Cash Restructuring
NonCashRestructuring
1924000 usd
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CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
12127000 usd
CY2022 us-gaap Other Noncash Income Expense
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11805000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
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4624000 usd
CY2022 us-gaap Increase Decrease In Inventories
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198264000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5201000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-49369000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
61336000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-110704000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
38652000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
36244000 usd
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628790000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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332552000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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423399000 usd
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
67289000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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46551000 usd
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0 usd
CY2022 us-gaap Proceeds From Sale Of Property Held For Sale
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0 usd
CY2022 us-gaap Proceeds From Sale Of Property Held For Sale
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6290000 usd
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1805000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2233000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5000000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
68758000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
278797000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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963600000 usd
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Long Term Lines Of Credit
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CY2022 us-gaap Repayments Of Lines Of Credit
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CY2022 midd Payments For Premiums For Capped Call Confirmations Debt Issuance
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9655000 usd
CY2022 midd Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
54553000 usd
CY2023 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
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CY2022 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
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CY2022 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-2030000 usd
CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
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7701000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
7930000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
5861000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
74565000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
264777000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
29265000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
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0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9242000 usd
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ProceedsFromPaymentsForOtherFinancingActivities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-303000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-390939000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7631000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
502789000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
3386000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
-10225000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
-5068000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
85495000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18361000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-87741000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
162001000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
247496000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
162001000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
180362000 usd
CY2023 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
19794000 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2522000 usd
CY2023 us-gaap Number Of Operating Segments
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3 segment
CY2023 us-gaap Deferred Policy Acquisition Costs Additions
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0 usd
CY2023 us-gaap Deferred Policy Acquisition Costs Period Increase Decrease
DeferredPolicyAcquisitionCostsPeriodIncreaseDecrease
1970000 usd
CY2023 us-gaap Deferred Policy Acquisition Costs Period Increase Decrease
DeferredPolicyAcquisitionCostsPeriodIncreaseDecrease
2000000 usd
CY2023 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
4046332000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
4160826000 usd
CY2023 us-gaap Business Acquisitions Pro Forma Net Income Loss
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403484000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
426167000 usd
CY2023 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
7.53
CY2022 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
7.88
CY2023 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
7.46
CY2022 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
7.76
CY2023 us-gaap Fiscal Period
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The company's fiscal year ends on the Saturday nearest December 31. Fiscal years 2023, 2022, and 2021 ended on December 30, 2023, December 31, 2022 and January 1, 2022, respectively, with each year including 52 weeks.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to be consistent with current year presentation.</span></div>
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23500000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
20300000 usd
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495488000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
595325000 usd
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80102000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
86083000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
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360277000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
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396321000 usd
CY2023Q4 us-gaap Inventory Net
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935867000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
1077729000 usd
CY2023Q4 us-gaap Land
Land
73060000 usd
CY2022Q4 us-gaap Land
Land
65794000 usd
CY2023Q4 us-gaap Buildings And Improvements Gross
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346527000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
306004000 usd
CY2023Q4 us-gaap Furniture And Fixtures Gross
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69438000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
59438000 usd
CY2023Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
361401000 usd
CY2022Q4 us-gaap Machinery And Equipment Gross
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311864000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
850426000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
743100000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
339528000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
299572000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
510898000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
443528000 usd
CY2023 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
DepreciationExcludingLessorAssetUnderOperatingLease
50400000 usd
CY2022 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
DepreciationExcludingLessorAssetUnderOperatingLease
44200000 usd
CY2022 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
DepreciationExcludingLessorAssetUnderOperatingLease
42700000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2022Q1 us-gaap Goodwill
Goodwill
2243469000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
144627000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
76267000 usd
CY2022 midd Goodwill Translation Accounting Adjustments
GoodwillTranslationAccountingAdjustments
-52529000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
2411834000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
41148000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
6365000 usd
CY2023 midd Goodwill Translation Accounting Adjustments
GoodwillTranslationAccountingAdjustments
26963000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
2486310000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
943919000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
574079000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
927875000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
503034000 usd
CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
78100000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
75000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
86300000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
75800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
63606000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
57400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
54208000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
45687000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
39380000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
109559000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
369840000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
118681000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
185824000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
121514000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
122861000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
89039000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
82096000 usd
CY2023Q4 midd Accrued Rebate Current
AccruedRebateCurrent
59267000 usd
CY2022Q4 midd Accrued Rebate Current
AccruedRebateCurrent
70706000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26417000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
25250000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
24568000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
24044000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
18461000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
19541000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
17791000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
20529000 usd
CY2023Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
16956000 usd
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
17381000 usd
CY2023Q4 midd Accrued Product Liability And Workers Compensation Liability Current
AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent
11169000 usd
CY2022Q4 midd Accrued Product Liability And Workers Compensation Liability Current
AccruedProductLiabilityAndWorkersCompensationLiabilityCurrent
11326000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
75329000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
91769000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
579192000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
671327000 usd
CY2023Q4 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
AccumulatedOtherComprehensiveincomeLossDefinedBenefitPlanTax
-3998000 usd
CY2022Q4 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
AccumulatedOtherComprehensiveincomeLossDefinedBenefitPlanTax
1995000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
109713000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
121701000 usd
CY2023Q4 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesinNetGainLossfromCashFlowHedgesTax
11198000 usd
CY2022Q4 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesinNetGainLossfromCashFlowHedgesTax
16836000 usd
CY2023Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
32005000 usd
CY2022Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
48574000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-145490000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-205345000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-223198000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-278472000 usd
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-359084000 usd
CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
66954000 usd
CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
13658000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
80612000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-278472000 usd
CY2023 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
86899000 usd
CY2023 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-31625000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
55274000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-223198000 usd
CY2023Q4 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
AccumulatedOtherComprehensiveincomeLossDefinedBenefitPlanTax
-4000000 usd
CY2023Q4 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesinNetGainLossfromCashFlowHedgesTax
11200000 usd
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
6000000 usd
CY2023 midd Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossTax
-5600000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
82096000 usd
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
80215000 usd
CY2023 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
595000 usd
CY2022 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
3607000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
77200000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
50600000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
139700000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
114000000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
125800000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
47242000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
34983000 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-6871000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-5103000 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
15534000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
22299000 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-4367000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
51538000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
47242000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
8700000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-28100000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
300000 usd
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
89122000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
70774000 usd
CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
82774000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
72500000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
89039000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
82096000 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
53100000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
48900000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41800000 usd
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
509000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
852000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1449000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
67000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
73000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
56000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
442000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
779000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1393000 shares
CY2023 us-gaap Interest Paid Net
InterestPaidNet
119200000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4036605000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4032853000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3250792000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
47072000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
40438000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
118681000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
185824000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
15721000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
12495000 usd
CY2023 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
29600000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
161700000 usd
CY2023 midd Contract With Customer Liability Increase For Contract Acquired During The Period
ContractWithCustomerLiabilityIncreaseForContractAcquiredDuringThePeriod
121800000 usd
CY2023 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2023Q4 midd Senior Secured Revolving Credit Line
SeniorSecuredRevolvingCreditLine
0 usd
CY2022Q4 midd Senior Secured Revolving Credit Line
SeniorSecuredRevolvingCreditLine
251805000 usd
CY2023Q4 midd Termloanfacility
Termloanfacility
945913000 usd
CY2022Q4 midd Termloanfacility
Termloanfacility
975785000 usd
CY2023Q4 midd Delayed Draw Term Loan Facility
DelayedDrawTermLoanFacility
726563000 usd
CY2022Q4 midd Delayed Draw Term Loan Facility
DelayedDrawTermLoanFacility
750000000 usd
CY2023Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
741501000 usd
CY2022Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
737918000 usd
CY2023Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
687000 usd
CY2022Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
899000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2425195000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2722324000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
44822000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
45583000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2380373000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2676741000 usd
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
4500000000 usd
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
3100000000 usd
CY2021Q4 midd Termloanfacility
Termloanfacility
1000000000 usd
CY2021Q4 midd Delayed Draw Term Loan Facility
DelayedDrawTermLoanFacility
750000000 usd
CY2021Q4 midd Longterm Lineof Credit Revolving Credit Facility
LongtermLineofCreditRevolvingCreditFacility
2750000000 usd
CY2023 midd Termloanfacilityamortizationrate
Termloanfacilityamortizationrate
0.0250
CY2021Q4 midd Delayed Draw Term Loan Facility Amortization Quarter Percent
DelayedDrawTermLoanFacilityAmortizationQuarterPercent
0.00625
CY2022Q4 midd Delayed Draw Term Loan Facility
DelayedDrawTermLoanFacility
750000000 usd
CY2023 midd Delayed Draw Term Loan Facility Amortization Quarter Percent
DelayedDrawTermLoanFacilityAmortizationQuarterPercent
0.00625
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
1700000000 usd
CY2023Q4 midd Term Loan Facility Gross
TermLoanFacilityGross
950000000 usd
CY2023Q4 midd Termloanfacility
Termloanfacility
946000000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1600000 usd
CY2023Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
2800000000 usd
CY2023 midd Debt Instrument Interest Additional Interest Above Sofr Rate
DebtInstrumentInterestAdditionalInterestAboveSOFRRate
0.01625
CY2023 midd Debt Instrument Interest Additional Interest Above Sofr Rate Alternative
DebtInstrumentInterestAdditionalInterestAboveSOFRRateAlternative
0.00625
CY2023 midd Debt Instrument Interest Additional Interest Above Fed Funds Rate
DebtInstrumentInterestAdditionalInterestAboveFedFundsRate
0.0050
CY2023 us-gaap Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
0.0100
CY2023 midd Debt Instrument Interest Additional Interest Above Libor Rate Elevated Covenants
DebtInstrumentInterestAdditionalInterestAboveLIBORRateElevatedCovenants
0.01625
CY2023 midd Line Of Credit Facility Commitment Fee Percentage Elevated Covenants
LineOfCreditFacilityCommitmentFeePercentageElevatedCovenants
0.0025
CY2023 midd Debt Instrument Interest Additional Interest Above Libor Rate Elevated Covenants
DebtInstrumentInterestAdditionalInterestAboveLIBORRateElevatedCovenants
0.01625
CY2023Q4 midd Line Of Credit Average Interest Rate
LineOfCreditAverageInterestRate
0.0522
CY2023 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0025
CY2023Q4 midd Termloanfacilityaverageinterestrate
Termloanfacilityaverageinterestrate
0.0522
CY2023Q4 midd Lineofcredit Currentand Noncurrent Foreign
LineofcreditCurrentandNoncurrentForeign
10500000 usd
CY2023Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0231
CY2023Q4 midd Derivative Notional Amount Current
DerivativeNotionalAmountCurrent
155000000 usd
CY2023Q4 midd Derivative Fixed Interest Rate Current
DerivativeFixedInterestRateCurrent
0.0181
CY2023Q4 midd Derivative Notional Amount Non Current
DerivativeNotionalAmountNonCurrent
695000000 usd
CY2023Q4 midd Derivative Fixed Interest Rate Non Current
DerivativeFixedInterestRateNonCurrent
0.0166
CY2023 midd Debt Instrument Interest Coverage Ratio Range Low
DebtInstrumentInterestCoverageRatioRangeLow
3.00
CY2023 midd Debt Instrument Interest Coverage Ratio Range High
DebtInstrumentInterestCoverageRatioRangeHigh
1.00
CY2023 midd Debt Instrument Qualified Leverage Ratio Range Low
DebtInstrumentQualifiedLeverageRatioRangeLow
3.75
CY2023 midd Debt Instrument Leverage Ratio Range High
DebtInstrumentLeverageRatioRangeHigh
1.00
CY2023 midd Debt Instrument Qualified Leverage Ratio Range High
DebtInstrumentQualifiedLeverageRatioRangeHigh
4.25
CY2023 midd Debt Instrument Leverage Ratio Range High
DebtInstrumentLeverageRatioRangeHigh
1.00
CY2023Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
741501000 usd
CY2022Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
737918000 usd
CY2023 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
DebtInstrumentConvertibleIfConvertedValueInExcessOfPrincipal
107800000 usd
CY2023Q4 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
105000000 usd
CY2020Q3 midd Debt Instrument Convertible Estimated Conversion Shares
DebtInstrumentConvertibleEstimatedConversionShares
5800000 shares
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
44822000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
785304000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1589014000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
755000 usd
CY2023Q4 midd Long Term Debt Maturities Repayments Of Principal In Year Five And Thereafter
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter
5300000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2425195000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
95000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
95000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1553961 shares
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
249000000 usd
CY2022 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
160.27
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
397738 shares
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
55600000 usd
CY2023 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
139.68
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
51000000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
58400000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
42300000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
800000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1300000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
600000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
29100000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
7300000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
100000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
346815000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
383813000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
453357000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
172563000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
180602000 usd
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CY2023 midd Number Of Plans
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Files In Submission

Name View Source Status
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