Business Segments (Tables)

9 Months Ended

Sep. 26, 2020

Segment Reporting [Abstract]

Business Segments

Business Segments (in thousands):

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended September 26, 2020
Net Sales	$	483,025	$	291,842	$	75,702	$	—	$	850,569
Cost of sales and operating expenses	361,576		226,745		50,047		—		638,368
Gross Margin	121,449		65,097		25,655		—		212,201
Loss/(gain) on sale of assets	167		16		(61)		—		122
Selling, general and administrative expenses	49,028		23,366		5,038		12,561		89,993
Depreciation and amortization	53,764		20,648		8,633		2,685		85,730
Equity in net income of Diamond Green Diesel	—		—		91,099		—		91,099
Segment operating income/(loss)	18,490		21,067		103,144		(15,246)		127,455
Equity in net income of other unconsolidated subsidiaries	906		—		—		—		906
Segment income/(loss)	19,396		21,067		103,144		(15,246)		128,361
Total other expense									(21,944)
Income before income taxes									$	106,417

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended September 28, 2019
Net Sales	$	496,978	$	276,467	$	68,604	$	—	$	842,049
Cost of sales and operating expenses	379,792		214,643		58,488		—		652,923
Gross Margin	117,186		61,824		10,116		—		189,126
Loss/(gain) on sale of assets	(2,429)		(253)		13		—		(2,669)
Selling, general and administrative expenses	47,319		22,811		912		12,507		83,549
Depreciation and amortization	50,182		19,743		7,895		2,587		80,407
Equity in net income of Diamond Green Diesel	—		—		32,020		—		32,020
Segment operating income/(loss)	22,114		19,523		33,316		(15,094)		59,859
Equity in net loss of other unconsolidated subsidiaries	(665)		—		—		—		(665)
Segment income/(loss)	21,449		19,523		33,316		(15,094)		59,194
Total other expense									(21,507)
Income before income taxes									$	37,687

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Nine Months Ended September 26, 2020
Net Sales	$	1,499,340	$	841,070	$	211,674	$	—	$	2,552,084
Cost of sales and operating expenses	1,117,931		652,334		147,358		—		1,917,623
Gross Margin	381,409		188,736		64,316		—		634,461
Loss/(gain) on sale of assets	293		(30)		(53)		—		210
Selling, general and administrative expense	153,459		71,406		10,645		40,869		276,379
Depreciation and amortization	159,968		60,925		24,705		8,113		253,711
Equity in net income of Diamond Green Diesel	—		—		252,411		—		252,411
Segment operating income/(loss)	67,689		56,435		281,430		(48,982)		356,572
Equity in net income of other unconsolidated subsidiaries	2,467		—		—		—		2,467
Segment income/(loss)	70,156		56,435		281,430		(48,982)		359,039
Total other expense									(61,790)
Income before income taxes									$	297,249
Segment assets at September 26, 2020	$	2,604,359	$	1,300,097	$	1,117,186	$	359,344	$	5,380,986

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Nine Months Ended September 28, 2019
Net Sales	$	1,480,244	$	830,466	$	193,767	$	—	$	2,504,477
Cost of sales and operating expenses	1,143,606		643,091		161,855		—		1,948,552
Gross Margin	336,638		187,375		31,912		—		555,925
Loss/(gain) on sale of assets	(7,343)		(13,518)		16		—		(20,845)
Selling, general and administrative expense	142,615		68,129		583		38,242		249,569
Depreciation and amortization	148,271		59,115		24,055		7,616		239,057
Equity in net income of Diamond Green Diesel	—		—		94,390		—		94,390
Segment operating income/(loss)	53,095		73,649		101,648		(45,858)		182,534
Equity in net loss of other unconsolidated subsidiaries	(1,087)		—		—		—		(1,087)
Segment income/(loss)	52,008		73,649		101,648		(45,858)		181,447
Total other expense									(80,026)
Income before income taxes									$	101,421
Segment assets at December 28, 2019	$	2,653,363	$	1,345,526	$	1,087,701	$	258,668	$	5,345,258