MIDDLEBY Corp
For the period ended Dec 30, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity
| CommonStock | Paid-inCapital | TreasuryStock | RetainedEarnings | AccumulatedOtherComprehensiveIncome/(loss) | TotalStockholders'Equity | |
|---|---|---|---|---|---|---|
| Balance, January 2, 2021 | $147 | $433,308 | $(537,134) | $2,568,756 | $(488,428) | $1,976,649 |
| Net earnings | — | — | — | 488,492 | — | 488,492 |
| Adoption of ASU 2020-06 (1) | — | (79,430) | — | 5,055 | — | (74,375) |
| Currency translation adjustments | — | — | — | — | (47,693) | (47,693) |
| Change in unrecognized pension benefit costs, net of tax of $49,589 | — | — | — | — | 151,223 | 151,223 |
| Unrealized gain on interest rate swap, net of tax of $8,619 | — | — | — | — | 24,484 | 24,484 |
| Unrealized gain on certain investments, net of tax of $443 | — | — | — | — | 1,330 | 1,330 |
| Stock compensation | — | 42,330 | — | — | — | 42,330 |
| Stock issuance | — | 2,522 | — | — | — | 2,522 |
| Purchase of treasury stock | — | — | (29,265) | — | — | (29,265) |
| Purchase of capped calls, net of tax of $(13,132) | — | (41,421) | — | — | — | (41,421) |
| Balance, January 1, 2022 | $147 | $357,309 | $(566,399) | $3,062,303 | $(359,084) | $2,494,276 |
| Net earnings | — | — | — | 436,569 | — | 436,569 |
| Currency translation adjustments | — | — | — | — | (107,691) | (107,691) |
| Change in unrecognized pension benefit costs, net of tax of $37,475 | — | — | — | — | 127,995 | 127,995 |
| Unrealized gain on interest rate swap, net of tax of $21,337 | — | — | — | — | 61,638 | 61,638 |
| Unrealized loss on certain investments, net of tax of $(443) | — | — | — | — | (1,330) | (1,330) |
| Stock compensation | — | 58,368 | — | — | — | 58,368 |
| Purchase of treasury stock | — | — | (264,777) | — | — | (264,777) |
| Purchase of capped calls, net of tax of $(2,354) | — | (7,301) | — | — | — | (7,301) |
| Balance, December 31, 2022 | $147 | $408,376 | $(831,176) | $3,498,872 | $(278,472) | $2,797,747 |
| Net earnings | — | — | — | 400,882 | — | 400,882 |
| Currency translation adjustments | — | — | — | — | 59,855 | 59,855 |
| Change in unrecognized pension benefit costs, net of tax of $5,993 | — | — | — | — | 11,988 | 11,988 |
| Unrealized gain on interest rate swap, net of tax of $(5,637) | — | — | — | — | (16,569) | (16,569) |
| Stock compensation | — | 51,047 | — | — | — | 51,047 |
| Stock issuance | 1 | 19,793 | — | — | — | 19,794 |
| Purchase of treasury stock | — | — | (74,855) | — | — | (74,855) |
| Balance, December 30, 2023 | $148 | $479,216 | $(906,031) | $3,899,754 | $(223,198) | $3,249,889 |
(1) As of January 3, 2021 the company adopted ASU No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity using the modified retrospective method. The adoption of this guidance resulted in a $79.4 million reduction to paid-in capital, net of tax of $25.5 million, and the recognition of $5.1 million as an adjustment to the opening balance of retained earnings, net of tax of $1.6 million.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.