XML 94 R84.htm IDEA: XBRL DOCUMENT v3.20.2
Guarantor Financial Information (Condensed Consolidated Statements of Operations) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Net sales $ 848,673 $ 827,324 $ 1,701,515 $ 1,662,428
Costs and expenses:        
Cost of sales and operating expenses 632,347 644,716 1,279,255 1,295,629
Loss (gain) on disposal of property, plant, equipment and other assets 27 (13,926) 88 (18,176)
Selling, general and administrative expenses 90,193 81,017 186,386 166,020
Depreciation and amortization 83,310 79,486 167,981 158,650
Total costs and expenses 805,877 791,293 1,633,710 1,602,123
Equity in net income of Diamond Green Diesel 63,492 38,093 161,312 62,370
Operating income 106,288 74,124 229,117 122,675
Interest expense (17,920) (20,853) (37,010) (40,729)
Foreign currency gain/(loss) (1,134) (388) 530 (1,120)
Other income/(expense), net (1,485) (2,019) (3,366) (4,544)
Equity in net income/(loss) of other unconsolidated subsidiaries 692 82 1,561 (422)
Earnings in investments in subsidiaries 0 0 0 0
Income before income taxes 86,441 38,820 190,832 63,734
Income tax expense 19,946 7,776 38,246 13,050
Net income attributable to noncontrolling interests (1,056) (4,786) (1,637) (6,414)
Net income attributable to Darling 65,439 26,258 150,949 44,270
Debt extinguishment costs 0 (12,126) 0 (12,126)
Parent [Member]        
Net sales 185,915 156,927 366,834 317,157
Costs and expenses:        
Cost of sales and operating expenses 140,742 125,586 284,884 253,910
Loss (gain) on disposal of property, plant, equipment and other assets 76 (26) 38 42
Selling, general and administrative expenses 44,937 40,570 93,011 87,993
Depreciation and amortization 16,989 14,224 34,261 28,597
Total costs and expenses 202,744 180,354 412,194 370,542
Equity in net income of Diamond Green Diesel 0 0 0 0
Operating income (16,829) (23,427) (45,360) (53,385)
Interest expense (12,451) (15,078) (26,226) (29,105)
Foreign currency gain/(loss) (184) 3 (510) (1)
Other income/(expense), net (1,200) (1,285) (2,740) (2,852)
Equity in net income/(loss) of other unconsolidated subsidiaries 0 (1,027) 0 (1,918)
Earnings in investments in subsidiaries 88,848 68,680 210,787 123,307
Income before income taxes 58,184 15,740 135,951 23,920
Income tax expense (7,255) (10,518) (14,998) (20,350)
Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Darling 65,439 26,258 150,949 44,270
Debt extinguishment costs   (12,126)   (12,126)
Guarantors [Member]        
Net sales 310,650 325,744 620,951 655,735
Costs and expenses:        
Cost of sales and operating expenses 245,968 268,582 492,288 540,253
Loss (gain) on disposal of property, plant, equipment and other assets (8) (511) 55 (4,988)
Selling, general and administrative expenses 11,024 10,776 23,541 22,723
Depreciation and amortization 26,223 25,165 52,816 51,277
Total costs and expenses 283,207 304,012 568,700 609,265
Equity in net income of Diamond Green Diesel 0 0 0 0
Operating income 27,443 21,732 52,251 46,470
Interest expense (44) (24) (102) (56)
Foreign currency gain/(loss) (1) 1 (25) 1
Other income/(expense), net (290) (764) (629) (1,976)
Equity in net income/(loss) of other unconsolidated subsidiaries 0 0 0 0
Earnings in investments in subsidiaries 0 0 0 0
Income before income taxes 27,108 20,945 51,495 44,439
Income tax expense 6,045 4,126 10,320 9,099
Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Darling 21,063 16,819 41,175 35,340
Debt extinguishment costs   0   0
Non-guarantors [Member]        
Net sales 404,358 399,339 809,383 803,250
Costs and expenses:        
Cost of sales and operating expenses 297,887 305,234 597,736 615,180
Loss (gain) on disposal of property, plant, equipment and other assets (41) (13,389) (5) (13,230)
Selling, general and administrative expenses 34,232 29,671 69,834 55,304
Depreciation and amortization 40,098 40,097 80,904 78,776
Total costs and expenses 372,176 361,613 748,469 736,030
Equity in net income of Diamond Green Diesel 63,492 38,093 161,312 62,370
Operating income 95,674 75,819 222,226 129,590
Interest expense (5,425) (5,751) (10,682) (11,568)
Foreign currency gain/(loss) (949) (392) 1,065 (1,120)
Other income/(expense), net 5 30 3 284
Equity in net income/(loss) of other unconsolidated subsidiaries 692 1,109 1,561 1,496
Earnings in investments in subsidiaries 0 0 0 0
Income before income taxes 89,997 70,815 214,173 118,682
Income tax expense 21,156 14,168 42,924 24,301
Net income attributable to noncontrolling interests (1,056) (4,786) (1,637) (6,414)
Net income attributable to Darling 67,785 51,861 169,612 87,967
Debt extinguishment costs   0   0
Eliminations [Member]        
Costs and expenses:        
Equity in net income of Diamond Green Diesel 0 0 0 0
Eliminations [Member]        
Net sales (52,250) (54,686) (95,653) (113,714)
Costs and expenses:        
Cost of sales and operating expenses (52,250) (54,686) (95,653) (113,714)
Loss (gain) on disposal of property, plant, equipment and other assets 0 0 0 0
Selling, general and administrative expenses 0 0 0 0
Depreciation and amortization 0 0 0 0
Total costs and expenses (52,250) (54,686) (95,653) (113,714)
Operating income 0 0 0 0
Interest expense 0 0 0 0
Foreign currency gain/(loss) 0 0 0 0
Other income/(expense), net 0 0 0 0
Equity in net income/(loss) of other unconsolidated subsidiaries 0 0 0 0
Earnings in investments in subsidiaries (88,848) (68,680) (210,787) (123,307)
Income before income taxes (88,848) (68,680) (210,787) (123,307)
Income tax expense 0 0 0 0
Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Darling $ (88,848) (68,680) $ (210,787) (123,307)
Debt extinguishment costs   $ 0   $ 0