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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 03, 2021
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 71,199 $ 81,617
Restricted cash 177 103
Accounts receivable, less allowance for bad debts of $9,111 at April 3, 2021 and $10,815 at January 2, 2021 385,663 405,387
Inventories 420,659 405,922
Prepaid expenses 50,251 47,793
Income taxes refundable 3,274 3,883
Other current assets 9,544 42,289
Total current assets 940,767 986,994
Property, plant and equipment, less accumulated depreciation of $1,731,400 at April 3, 2021 and $1,702,123 at January 2, 2021 1,822,075 1,863,814
Intangible assets, less accumulated amortization of $569,477 at April 3, 2021 and $568,086 at January 2, 2021 452,539 473,680
Goodwill 1,241,242 1,260,240
Investment in unconsolidated subsidiaries 915,085 804,682
Operating right-of-use assets, net 145,238 146,563
Other assets 59,099 60,682
Deferred income taxes 15,402 16,676
Total assets 5,591,447 5,613,331
Current liabilities:    
Current portion of long-term debt 26,997 27,538
Accounts payable, principally trade 245,648 255,340
Income taxes payable 15,627 17,497
Operating lease liability, current 38,064 39,459
Accrued expenses 311,371 335,471
Total current liabilities 637,707 675,305
Long-term debt, net of current portion 1,417,534 1,480,531
Operating lease liability, non-current 108,777 109,707
Other non-current liabilities 115,799 117,371
Deferred income taxes 281,684 276,208
Total liabilities 2,561,501 2,659,122
Commitments and contingencies
Stockholders’ equity:    
     Common stock, $0.01 par value; 250,000,000 shares authorized; 171,519,389 and 169,880,238 shares issued at April 3, 2021 and January 2, 2021, respectively 1,715 1,699
Additional paid-in capital 1,611,845 1,597,429
     Treasury stock, at cost; 8,364,523 and 7,679,849 shares at        April 3, 2021 and January 2, 2021, respectively (199,851) (151,710)
Accumulated other comprehensive loss (295,796) (252,433)
Retained earnings 1,848,690 1,696,924
Total Darling's stockholders’ equity 2,966,603 2,891,909
Noncontrolling interests 63,343 62,300
Total stockholders' equity 3,029,946 2,954,209
Total liabilities and stockholders' equity $ 5,591,447 $ 5,613,331