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Middleby Corp – ‘10-Q’ for 9/29/12 – ‘EX-18.1’

On:  Thursday, 11/8/12, at 3:47pm ET   ·   For:  9/29/12   ·   Accession #:  1445305-12-3569   ·   File #:  1-09973

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/08/12  Middleby Corp                     10-Q        9/29/12   79:9.8M                                   Workiva Inc

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    508K 
 2: EX-18.1     Letter re: Change in Accounting Principles          HTML     25K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     31K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     31K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     26K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     26K 
53: R1          Document and Entity Information                     HTML     42K 
42: R2          Condensed Consolidated Balance Sheets               HTML    130K 
51: R3          Condensed Consolidated Balance Sheets               HTML     50K 
                (Parenthetical)                                                  
55: R4          Condensed Consolidated Statements of Comprehensive  HTML     96K 
                Income                                                           
73: R5          Condensed Consolidated Statements of Cash Flows     HTML    134K 
44: R6          Summary of Significant Accounting Policies          HTML     96K 
50: R7          Acquisitions and Purchase Accounting                HTML    256K 
38: R8          Litigation Matters                                  HTML     31K 
27: R9          Recently Issued Accounting Standards                HTML     32K 
74: R10         Other Comprehensive Income                          HTML     53K 
57: R11         Inventories                                         HTML     40K 
56: R12         Goodwill                                            HTML     41K 
62: R13         Accrued Expenses                                    HTML     40K 
63: R14         Warranty Costs                                      HTML     33K 
60: R15         Financing Arrangements                              HTML     81K 
64: R16         Financial Instruments                               HTML     82K 
52: R17         Segment Information                                 HTML    172K 
54: R18         Employee Retirement Plans                           HTML     38K 
59: R19         Subsequent Event                                    HTML     26K 
79: R20         Summary of Significant Accounting Policies          HTML     91K 
                (Policies)                                                       
69: R21         Summary of Significant Accounting Policies          HTML     77K 
                (Tables)                                                         
47: R22         Acquisitions and Purchase Accounting (Tables)       HTML    212K 
58: R23         Other Comprehensive Income (Tables)                 HTML     45K 
49: R24         Inventories (Tables)                                HTML     37K 
20: R25         Goodwill (Tables)                                   HTML     44K 
70: R26         Accrued Expenses (Tables)                           HTML     40K 
76: R27         Warranty Costs (Tables)                             HTML     31K 
32: R28         Financing Arrangements (Tables)                     HTML     70K 
31: R29         Financial Instruments (Tables)                      HTML     80K 
36: R30         Segment Information (Tables)                        HTML    170K 
37: R31         Summary of Significant Accounting Policies -        HTML     61K 
                Additional Information (Detail)                                  
39: R32         Summary of Tax Years that Remain Subject to         HTML     49K 
                Examination in Company Major Tax Jurisdictions                   
                (Detail)                                                         
18: R33         Financial Assets and Liabilities that are Measured  HTML     38K 
                At Fair Value and are Categorized Using Fair Value               
                Hierarchy (Detail)                                               
67: R34         Acquisitions and Purchase Accounting - Additional   HTML     98K 
                Information (Details)                                            
46: R35         Estimated Fair Values of Assets Acquired and        HTML     48K 
                Liabilities Assumed for Beech Acquisition                        
                (Details)                                                        
48: R36         Estimated Fair Values of Assets Acquired and        HTML     52K 
                Liabilities Assumed for Lincat Group Acquisition                 
                (Details)                                                        
23: R37         Estimated Fair Values of Assets Acquired and        HTML     73K 
                Liabilities Assumed for Danfotech Acquisition                    
                (Details)                                                        
78: R38         Estimated Fair Values of Assets Acquired and        HTML     43K 
                Liabilities Assumed for Maurer Acquisition                       
                (Details)                                                        
13: R39         Estimated Fair Values of Assets Acquired and        HTML     53K 
                Liabilities Assumed for Auto-Bake Acquisition                    
                (Details)                                                        
40: R40         Estimated Fair Values of Assets Acquired and        HTML     53K 
                Liabilities Assumed for Drake Acquisition                        
                (Details)                                                        
72: R41         Estimated Fair Values of Assets Acquired and        HTML     55K 
                Liabilities Assumed for Armor Inox Acquisition                   
                (Details)                                                        
22: R42         Estimated Fair Values of Assets Acquired and        HTML     43K 
                Liabilities Assumed for Baker Acquisition                        
                (Details)                                                        
30: R43         Acquisitions and Purchase Accounting Estimated      HTML     55K 
                Fair Values of Assets Acquired and Liabilities                   
                Assumed for Stewart Acquisition (Details)                        
                (Details)                                                        
35: R44         Components of Other Comprehensive Income (Details)  HTML     55K 
43: R45         Other Comprehensive Income - Additional             HTML     41K 
                Information (Details)                                            
17: R46         Inventories - Additional Information (Details)      HTML     28K 
26: R47         Inventories (Details)                               HTML     39K 
15: R48         Changes in Carrying Amount of Goodwill (Details)    HTML     41K 
71: R49         Accrued Expenses (Details)                          HTML     52K 
21: R50         Rollforward of Warranty Reserve (Details)           HTML     34K 
68: R51         Long-Term Debt (Details)                            HTML     38K 
24: R52         Financing Arrangements - Additional Information     HTML     74K 
                (Details)                                                        
41: R53         Carrying Value and Estimated Aggregate Fair Value   HTML     30K 
                of Debt (Details)                                                
14: R54         Interest Rate Swaps in Effect (Details)             HTML     46K 
16: R55         Forward and Option Purchase Contracts Outstanding   HTML     39K 
                (Details)                                                        
34: R56         Financial Instruments - Additional Information      HTML     33K 
                (Details)                                                        
19: R57         Summary of Fair Value of Interest Rate Swaps        HTML     26K 
                (Details)                                                        
75: R58         Impact on Earnings from Interest Rate Swaps         HTML     38K 
                (Details)                                                        
45: R59         Net Sales Summary (Details)                         HTML     34K 
61: R60         Summary of Results of Operations for Business       HTML     58K 
                Segments (Details)                                               
25: R61         Long-Lived Assets by Major Geographic Region        HTML     33K 
                (Details)                                                        
28: R62         Net Sales by Major Geographic Region (Details)      HTML     36K 
66: R63         Employee Retirement Plans - Additional Information  HTML     25K 
                (Details)                                                        
65: R64         Subsequent Event (Details)                          HTML     32K 
77: XML         IDEA XML File -- Filing Summary                      XML    118K 
29: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.60M 
 7: EX-101.INS  XBRL Instance -- midd-20120929                       XML   2.62M 
 9: EX-101.CAL  XBRL Calculations -- midd-20120929_cal               XML    221K 
10: EX-101.DEF  XBRL Definitions -- midd-20120929_def                XML    903K 
11: EX-101.LAB  XBRL Labels -- midd-20120929_lab                     XML   1.34M 
12: EX-101.PRE  XBRL Presentations -- midd-20120929_pre              XML    983K 
 8: EX-101.SCH  XBRL Schema -- midd-20120929                         XSD    194K 
33: ZIP         XBRL Zipped Folder -- 0001445305-12-003569-xbrl      Zip    224K 


‘EX-18.1’   —   Letter re: Change in Accounting Principles


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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  MIDD 9.29.2012 EX 18.1 Preferrability Letter  


Exhibit 18.1

November 8, 2012

The Board of Directors
The Middleby Corporation
1400 Toastmaster Drive
Elgin, Illinois 60120


Gentlemen:
Note 1 of Notes to the Consolidated Financial Statements of The Middleby Corporation (the Company) included in its Form 10-Q for the period ended September 29, 2012 describes a change in the method of accounting regarding the date of the Company's annual impairment assessment for goodwill and other indefinite-lived intangible assets from the last day of the fourth quarter to the first day of the fourth quarter. There are no authoritative criteria for determining which date is preferable based on the particular circumstances; however, we conclude that such change in the method of accounting is to an acceptable alternative method which, based on your business judgment to make this change and for the stated reasons, is preferable in your circumstances.
We have not conducted an audit in accordance with the standards of the Public Company Accounting Oversight Board (United States) of any financial statements of the Company as of any date or for any period, and therefore we do not express any opinion on any financial statements of the Middleby Corporation.

Very truly yours,
/s/ Ernst & Young LLP





Dates Referenced Herein

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/8/12None on these Dates
For Period end:9/29/12
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Filing Submission 0001445305-12-003569   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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