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Comprehensive Income
 12 Months Ended
Dec. 28, 2019
Comprehensive Income [Abstract]  
COMPREHENSIVE INCOME COMPREHENSIVE INCOME/(LOSS)

The Company follows FASB authoritative guidance for reporting and presentation of comprehensive income or loss and its components.  Other comprehensive income (loss) is derived from adjustments that reflect pension adjustments, natural gas swap adjustments, corn option adjustments, foreign exchange forward and option adjustments and foreign currency translation adjustments. In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU amends Topic 220, Income Statement - Reporting Comprehensive Income, which allowed for a reclassification from accumulated other comprehensive income
to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The ASU is effective for fiscal years beginning after December 15, 2018; however, the Company elected to early adopt ASU No. 2018-02 during the quarter ended March 31, 2018. The adoption resulted in a $4.8 million reclassification from accumulated other comprehensive loss to retained earnings resulting from the Tax Cuts and Jobs Act.

In fiscal 2019, the Company's DGD Joint Venture entered into heating oil derivatives that were deemed to be cash flow hedges. As a result, the Company has accrued the other comprehensive income/(loss) portion belonging to Darling with an offset to the investment in DGD as required by FASB ASC Topic 323.

The components of other comprehensive income/(loss) and the related tax impacts for the years ended December 28, 2019, December 29, 2018 and December 30, 2017 are as follows (in thousands):
 
Before-Tax
 
Tax (Expense)
 
Net-of-Tax
 
Amount
 
or Benefit
 
Amount
Year Ended December 30, 2017
 
 
 
 
 
Defined Benefit Pension Plans
 
 
 
 
 
Actuarial (loss)/gain recognized
$
4,027

 
$
(1,264
)
 
$
2,763

Amortization of actuarial loss
4,786

 
(1,801
)
 
2,985

Amortization of prior service costs
35

 
(11
)
 
24

Amortization of settlement
42

 
(15
)
 
27

Other
30

 
—

 
30

Total defined benefit pension plans
8,920

 
(3,091
)
 
5,829

Natural gas swap derivatives
 
 
 
 
 
Gain/(loss) reclassified to net income
35

 
(14
)
 
21

Gain/(loss) recognized in other comprehensive income (loss)
(65
)
 
26

 
(39
)
Total natural gas derivatives
(30
)
 
12

 
(18
)
Corn option derivatives
 
 
 
 
 
Gain/(loss) reclassified to net income
(5,255
)
 
2,039

 
(3,216
)
Gain/(loss) recognized in other comprehensive income (loss)
3,494

 
(1,356
)
 
2,138

Total corn options
(1,761
)
 
683

 
(1,078
)
Foreign currency translation
 
 
 
 
 
Other comprehensive income
121,810

 
—

 
121,810

Other comprehensive income/(loss)
$
128,939

 
$
(2,396
)
 
$
126,543

Year Ended December 29, 2018
 
 
 
 
 
Defined Benefit Pension Plans
 
 
 
 
 
Actuarial (loss)/gain recognized
$
(7,901
)
 
$
2,015

 
$
(5,886
)
Amortization of actuarial loss
3,543

 
(910
)
 
2,633

Actuarial prior service cost recognized
(11
)
 
3

 
(8
)
Amortization of prior service costs
35

 
(9
)
 
26

Amortization of curtailment
498

 
—

 
498

Amortization of settlement
(3
)
 
1

 
(2
)
Other
9

 
—

 
9

Total defined benefit pension plans
(3,830
)
 
1,100

 
(2,730
)
Natural gas swap derivatives
 
 
 
 
 
Gain/(loss) reclassified to net income
14

 
(3
)
 
11

Gain/(loss) recognized in other comprehensive income (loss)
16

 
(4
)
 
12

Total natural gas derivatives
30

 
(7
)
 
23

Soybean meal option derivatives
 
 
 
 
 
Gain/(loss) reclassified to net income
(8
)
 
2

 
(6
)
Gain/(loss) recognized in other comprehensive income (loss)
8

 
(2
)
 
6

Total soybean meal derivatives
—

 
—

 
—

Corn option derivatives
 
 
 
 
 
Gain/(loss) reclassified to net income
(1,912
)
 
493

 
(1,419
)
Gain/(Loss) recognized in other comprehensive income
(361
)
 
93

 
(268
)
Total corn options
(2,273
)
 
586

 
(1,687
)
Foreign exchange derivatives
 
 
 
 
 
Gain/(Loss) recognized in other comprehensive income
1,637

 
(556
)
 
1,081

Total foreign exchange derivatives
1,637

 
(556
)
 
1,081

Foreign currency translation
(89,198
)
 
1,724

 
(87,474
)
Other comprehensive income/(loss)
$
(93,634
)
 
$
2,847

 
$
(90,787
)
Year Ended December 28, 2019
 
 
 
 
 
Defined Benefit Pension Plans
 
 
 
 
 
Actuarial (loss)/gain recognized
$
(2,202
)
 
$
211

 
$
(1,991
)

Amortization of actuarial loss
4,571

 
(1,143
)
 
3,428

Actuarial prior service cost recognized
9

 
(2
)
 
7

Amortization of prior service costs
34

 
(9
)
 
25

Amortization of settlement
66

 
(16
)
 
50

Other
16

 
—

 
16

Total defined benefit pension plans
2,494

 
(959
)
 
1,535

Heating oil swap derivatives
 
 
 
 
 
Gain/(loss) recognized in other comprehensive income (loss)
(4,188
)
 
1,047

 
(3,141
)
Total heating oil derivatives
(4,188
)
 
1,047

 
(3,141
)
Corn option derivatives
 
 
 
 
 
Gain/(loss) reclassified to net income
422

 
(106
)
 
316

Gain/(Loss) recognized in other comprehensive income
(51
)
 
13

 
(38
)
Total corn options
371

 
(93
)
 
278

Foreign exchange derivatives
 
 
 
 
 
Gain/(loss) reclassified to net income
1,345

 
(442
)
 
903

Gain/(Loss) recognized in other comprehensive income
(6,887
)
 
2,261

 
(4,626
)
Total foreign exchange derivatives
(5,542
)
 
1,819

 
(3,723
)
Foreign currency translation
(12,771
)
 
837

 
(11,934
)
Other comprehensive income/(loss)
$
(19,636
)
 
$
2,651

 
$
(16,985
)


 
Fiscal Year Ended
 
 
December 28, 2019
December 29, 2018
December 30, 2017
Statement of Operations Classification
Derivative instruments
 
 
 
 
Soybean meal option derivatives
$
—

$
8

$
—

Net sales
Foreign Exchange derivatives
(1,345
)
—

—

Net sales
Natural gas swap derivatives
—

(14
)
(35
)
Cost of sales and operating expenses
Corn option derivatives
(422
)
1,912

5,255

Cost of sales and operating expenses
 
(1,767
)
1,906

5,220

Total before tax
 
548

(492
)
(2,025
)
Income taxes
 
(1,219
)
1,414

3,195

Net of tax
Defined benefit pension plans
 
 
 
 
Amortization of prior service cost
$
(34
)
$
(35
)
$
(35
)
(a)
Amortization of actuarial loss
(4,571
)
(3,543
)
(4,786
)
(a)
Amortization of curtailment
—

(498
)
—

(a)
Amortization of settlement
(66
)
3

(42
)
(a)
 
(4,671
)
(4,073
)
(4,863
)
Total before tax
 
1,168

918

1,827

Income taxes
 
(3,503
)
(3,155
)
(3,036
)
Net of tax
Total reclassifications
$
(4,722
)
$
(1,741
)
$
159

Net of tax

(a)
These items are included in the computation of net periodic pension cost. See Note 15 Employee Benefit Plans for additional information.

The following table presents changes in each component of accumulated comprehensive income/(loss) as of December 28, 2019 as follows (in thousands):

 
 
Fiscal Year Ended December 28, 2019
 
 
Foreign Currency
Derivative
Defined Benefit
 
 
 
Translation
Instruments
Pension Plans
Total
Accumulated Other Comprehensive Income/(loss) December 29, 2018, attributable to Darling, net of tax
 
$
(270,081
)
$
1,081

$
(35,539
)
$
(304,539
)
Other comprehensive loss before reclassifications
 
(11,934
)
(7,805
)
(1,968
)
(21,707
)
Amounts reclassified from accumulated other comprehensive income
 
—

1,219

3,503

4,722

Net current-period other comprehensive income/(loss)
 
(11,934
)
(6,586
)
1,535

(16,985
)
Noncontrolling interest
 
323

—

—

323

Accumulated Other Comprehensive loss December 28, 2019, attributable to Darling, net of tax
 
$
(282,338
)
$
(5,505
)
$
(34,004
)
$
(321,847
)