Business Segments (Tables)

3 Months Ended

Mar. 28, 2020

Segment Reporting [Abstract]

Business Segments

Business Segments (in thousands):

 

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate			Total
Three Months Ended March 28, 2020
Net Sales	$	512,625	$	270,294	$	69,923	$	—		$	852,842
Cost of sales and operating expenses	388,453		205,430		53,025		—			646,908
Gross Margin	124,172		64,864		16,898		—			205,934
Loss on sale of assets	50		2		9		—			61
Selling, general and administrative expense	53,947		25,476		1,654		15,116			96,193
Depreciation and amortization	53,521		20,305		8,092		2,753			84,671
Equity in net income of Diamond Green Diesel	—		—		97,820		—			97,820
Segment operating income/(loss)	16,654		19,081		104,963		(17,869		)	122,829
Equity in net income of other unconsolidated subsidiaries	869		—		—		—			869
Segment income/(loss)	17,523		19,081		104,963		(17,869		)	123,698
Total other expense										(19,307		)
Income before income taxes										$	104,391
Segment assets at March 28, 2020	$	2,613,292	$	1,314,436	$	1,181,241	$	268,810		$	5,377,779

	Feed Ingredients			Food Ingredients		Fuel Ingredients			Corporate			Total
Three Months Ended March 30, 2019
Net Sales	$	495,819		$	279,164	$	60,121		$	—		$	835,104
Cost of sales and operating expenses	386,859			214,004		50,050			—			650,913
Gross Margin	108,960			65,160		10,071			—			184,191
Loss/(gain) on sale of assets	(4,391		)	114		27			—			(4,250		)
Selling, general and administrative expense	48,831			21,887		(754		)	15,039			85,003
Depreciation and amortization	49,369			19,511		7,798			2,486			79,164
Equity in net income of Diamond Green Diesel	—			—		24,277			—			24,277
Segment operating income/(loss)	15,151			23,648		27,277			(17,525		)	48,551
Equity in net loss of other unconsolidated subsidiaries	(504		)	—		—			—			(504		)
Segment income/(loss)	14,647			23,648		27,277			(17,525		)	48,047
Total other expense												(23,133		)
Income before income taxes												$	24,914
Segment assets at December 28, 2019	$	2,653,363		$	1,345,526	$	1,087,701		$	258,668		$	5,345,258