XML 42 R32.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 27, 2020
Accounting Policies [Abstract]  
Net Income per Common Share Basic income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares including non-vested and restricted shares outstanding during the period.  Diluted income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares outstanding during the period increased by dilutive common equivalent shares determined using the treasury stock method.
Net Income per Common Share (in thousands, except per share data)
 Three Months Ended
June 27, 2020June 29, 2019
 IncomeSharesPer ShareIncomeSharesPer Share
Basic:      
Net Income attributable to Darling$65,439  162,154  $0.40  $26,258  164,935  $0.16  
Diluted:      
Effect of dilutive securities:      
Add: Option shares in the money and dilutive effect of non-vested stock awards 5,882    5,801   
Less: Pro forma treasury shares (2,037)   (2,304)  
Diluted:      
Net income attributable to Darling$65,439  165,999  $0.39  $26,258  168,432  $0.16  

Net Income per Common Share (in thousands, except per share data)
 Six Months Ended
June 27, 2020June 29, 2019
 IncomeSharesPer ShareIncomeSharesPer Share
Basic:      
Net Income attributable to Darling$150,949  162,814  $0.93  $44,270  164,895  $0.27  
Diluted:      
Effect of dilutive securities:      
Add: Option shares in the money and dilutive effect of non-vested stock awards 6,315    5,964   
Less: Pro forma treasury shares (2,166)   (2,313)  
Diluted:      
Net income attributable to Darling$150,949  166,963  $0.90  $44,270  168,546  $0.26