XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
Jun. 27, 2020
Mar. 28, 2020
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Sep. 26, 2020
Sep. 28, 2019
Income Statement [Abstract]                
Net sales $ 850,569     $ 842,049     $ 2,552,084 $ 2,504,477
Costs and expenses:                
Cost of sales and operating expenses 638,368     652,923     1,917,623 1,948,552
Loss (gain) on disposal of property, plant, equipment and other assets 122     (2,669)     210 (20,845)
Selling, general and administrative expenses 89,993     83,549     276,379 249,569
Depreciation and amortization 85,730     80,407     253,711 239,057
Total costs and expenses 814,213     814,210     2,447,923 2,416,333
Equity in net income of Diamond Green Diesel 91,099     32,020     252,411 94,390
Operating income 127,455     59,859     356,572 182,534
Other expense:                
Interest expense (18,793)     (19,359)     (55,803) (60,088)
Debt extinguishment costs 0     0     0 (12,126)
Foreign currency gain/(loss) (1,239)     466     (709) (654)
Other expense, net (1,912)     (2,614)     (5,278) (7,158)
Total other expense (21,944)     (21,507)     (61,790) (80,026)
Equity in net income/(loss) of other unconsolidated subsidiaries 906     (665)     2,467 (1,087)
Income before income taxes 106,417     37,687     297,249 101,421
Income tax expense 4,812     10,850     43,058 23,900
Net income 101,605 $ 66,495 $ 86,091 26,837 $ 31,044 $ 19,640 254,191 77,521
Net income attributable to noncontrolling interests (480)     (1,116)     (2,117) (7,530)
Net income attributable to Darling $ 101,125     $ 25,721     $ 252,074 $ 69,991
Basic income per share (in dollars per share) $ 0.62     $ 0.16     $ 1.55 $ 0.42
Diluted income per share (in dollars per share) $ 0.61     $ 0.15     $ 1.51 $ 0.42