Business Segments (Tables)

6 Months Ended

Jun. 29, 2019

Segment Reporting [Abstract]

Business Segments

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Three Months Ended June 29, 2019
Net Sales	$	487,447		$	274,835		$	65,042		$	—		$	827,324
Cost of sales and operating expenses	376,955			214,444			53,317			—			644,716
Gross Margin	110,492			60,391			11,725			—			182,608
Gain on sale of assets	(524		)	(13,379		)	(23		)	—			(13,926		)
Selling, general and administrative expenses	46,465			23,431			425			10,696			81,017
Depreciation and amortization	48,720			19,861			8,362			2,543			79,486
Segment operating income/(loss)	15,831			30,478			2,961			(13,239		)	36,031
Equity in net income of unconsolidated subsidiaries	82			—			38,093			—			38,175
Segment income/(loss)	15,913			30,478			41,054			(13,239		)	74,206
Total other expense													(35,386		)
Income before income taxes													$	38,820

	Feed Ingredients		Food Ingredients			Fuel Ingredients		Corporate			Total
Three Months Ended June 30, 2018
Net Sales	$	498,823	$	276,729		$	71,094	$	—		$	846,646
Cost of sales and operating expenses	370,007		224,892			57,340		—			652,239
Gross Margin	128,816		51,837			13,754		—			194,407
Loss (gain) on sale of assets	782		(57		)	37		—			762
Selling, general and administrative expenses	43,947		22,190			164		12,257			78,558
Restructuring and impairment charges	—		14,965			—		—			14,965
Depreciation and amortization	46,823		20,388			8,537		2,706			78,454
Segment operating income/(loss)	37,264		(5,649		)	5,016		(14,963		)	21,668
Equity in net income of unconsolidated subsidiaries	150		—			15,086		—			15,236
Segment income/(loss)	37,414		(5,649		)	20,102		(14,963		)	36,904
Total other expense											(64,359		)
Loss before income taxes											$	(27,455	)

 

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Six Months Ended June 29, 2019
Net Sales	$	983,266		$	553,999		$	125,163		$	—		$	1,662,428
Cost of sales and operating expenses	763,814			428,448			103,367			—			1,295,629
Gross Margin	219,452			125,551			21,796			—			366,799
Loss (gain) on sale of assets	(4,914		)	(13,265		)	3			—			(18,176		)
Selling, general and administrative expense	95,296			45,318			(329		)	25,735			166,020
Depreciation and amortization	98,089			39,372			16,160			5,029			158,650
Segment operating income/(loss)	30,981			54,126			5,962			(30,764		)	60,305
Equity in net income/(loss) of unconsolidated subsidiaries	(422		)	—			62,370			—			61,948
Segment income/(loss)	30,559			54,126			68,332			(30,764		)	122,253
Total other expense													(58,519		)
Income before income taxes													$	63,734
Segment assets at June 29, 2019	$	2,601,181		$	1,372,184		$	813,368		$	249,863		$	5,036,596

	Feed Ingredients		Food Ingredients			Fuel Ingredients			Corporate			Total
Six Months Ended June 30, 2018
Net Sales	$	984,621	$	582,249		$	155,150		$	—		$	1,722,020
Cost of sales and operating expenses	739,456		474,233			117,111			—			1,330,800
Gross Margin	245,165		108,016			38,039			—			391,220
Loss (gain) on sale of assets	420		(212		)	92			—			300
Selling, general and administrative expense	92,212		46,051			(1,234		)	28,431			165,460
Restructuring and impairment charges	—		14,965			—			—			14,965
Depreciation and amortization	93,612		41,028			17,008			5,425			157,073
Segment operating income/(loss)	58,921		6,184			22,173			(33,856		)	53,422
Equity in net income of unconsolidated subsidiaries	105		—			112,285			—			112,390
Segment income/(loss)	59,026		6,184			134,458			(33,856		)	165,812
Total other expense												(91,480		)
Income before income taxes												$	74,332
Segment assets at December 29, 2018	$	2,566,106	$	1,401,291		$	761,817		$	160,140		$	4,889,354