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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 28, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 76,339 $ 72,935
Restricted cash 106 110
Accounts receivable, less allowance for bad debts of $9,606 at March 28, 2020 and $8,802 at December 28, 2019 397,700 406,338
Inventories 381,432 362,957
Prepaid expenses 45,107 46,599
Income taxes refundable 3,106 3,317
Other current assets 26,270 25,032
Total current assets 930,060 917,288
Property, plant and equipment, less accumulated depreciation of $1,480,244 at March 28, 2020 and $1,438,388 at December 28, 2019 1,764,120 1,802,411
Intangible assets, less accumulated amortization of $485,655 at March 28, 2020 and $482,442 at December 28, 2019 497,779 526,394
Goodwill 1,202,592 1,223,291
Investment in unconsolidated subsidiaries 802,184 689,354
Operating right-of-use assets, net 123,859 124,726
Other assets 42,653 47,400
Deferred income taxes 14,532 14,394
Total assets 5,377,779 5,345,258
Current liabilities:    
Current portion of long-term debt 86,397 90,996
Accounts payable, principally trade 211,596 239,252
Income taxes payable 8,593 8,895
Operating lease liability, current 37,472 37,805
Accrued expenses 307,688 311,391
Total current liabilities 651,746 688,339
Long-term debt, net of current portion 1,664,858 1,558,429
Operating lease liability, non-current 91,250 91,424
Other non-current liabilities 111,145 115,785
Deferred income taxes 250,338 247,931
Total liabilities 2,769,337 2,701,908
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 250,000,000 shares authorized; 169,076,043 and 168,620,314 shares issued at March 28, 2020 and at December 28, 2019, respectively 1,691 1,686
Additional paid-in capital 1,575,854 1,560,897
Treasury stock, at cost; 7,218,079 and 4,845,203 shares at March 28, 2020 and at December 28, 2019, respectively (135,104) (75,022)
Accumulated other comprehensive loss (384,491) (321,847)
Retained earnings 1,485,615 1,400,105
Total Darling's stockholders’ equity 2,543,565 2,565,819
Noncontrolling interests 64,877 77,531
Total stockholders' equity 2,608,442 2,643,350
Total liabilities and stockholders' equity $ 5,377,779 $ 5,345,258