Business Segments (Tables)

6 Months Ended

Jun. 27, 2020

Segment Reporting [Abstract]

Business Segments

Business Segments (in thousands):

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended June 27, 2020
Net Sales	$	503,690	$	278,934	$	66,049	$	—	$	848,673
Cost of sales and operating expenses	367,902		220,159		44,286		—		632,347
Gross Margin	135,788		58,775		21,763		—		216,326
Loss/(gain) on sale of assets	76		(48)		(1)		—		27
Selling, general and administrative expenses	50,484		22,564		3,953		13,192		90,193
Depreciation and amortization	52,683		19,972		7,980		2,675		83,310
Equity in net income of Diamond Green Diesel	—		—		63,492		—		63,492
Segment operating income/(loss)	32,545		16,287		73,323		(15,867)		106,288
Equity in net income of other unconsolidated subsidiaries	692		—		—		—		692
Segment income/(loss)	33,237		16,287		73,323		(15,867)		106,980
Total other expense									(20,539)
Income before income taxes									$	86,441

	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
Equity in net income of Diamond Green Diesel	—		—		38,093		—		38,093
Segment operating income/(loss)	15,831		30,478		41,054		(13,239)		74,124
Equity in net Income of other unconsolidated subsidiaries	82		—		—		—		82
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
Six Months Ended June 27, 2020
Net Sales	$	1,016,315	$	549,228	$	135,972	$	—	$	1,701,515
Cost of sales and operating expenses	756,355		425,589		97,311		—		1,279,255
Gross Margin	259,960		123,639		38,661		—		422,260
Loss/(gain) on sale of assets	126		(46)		8		—		88
Selling, general and administrative expense	104,431		48,040		5,607		28,308		186,386
Depreciation and amortization	106,204		40,277		16,072		5,428		167,981
Equity in net income of Diamond Green Diesel	—		—		161,312		—		161,312
Segment operating income/(loss)	49,199		35,368		178,286		(33,736)		229,117
Equity in net income of other unconsolidated subsidiaries	1,561		—		—		—		1,561
Segment income/(loss)	50,760		35,368		178,286		(33,736)		230,678
Total other expense									(39,846)
Income before income taxes									$	190,832
Segment assets at June 27, 2020	$	2,600,884	$	1,325,739	$	1,090,623	$	309,908	$	5,327,154

	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
Equity in net income of Diamond Green Diesel	—		—		62,370		—		62,370
Segment operating income/(loss)	30,981		54,126		68,332		(30,764)		122,675
Equity in net loss of other unconsolidated subsidiaries	(422)		—		—		—		(422)
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 December 28, 2019	$	2,653,363	$	1,345,526	$	1,087,701	$	258,668	$	5,345,258