Business Segments (Tables)

9 Months Ended

Oct. 02, 2021

Segment Reporting [Abstract]

Business Segments

Business Segments (in thousands):

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended October 2, 2021
Net Sales	$	769,626	$	311,856	$	104,434	$	—	$	1,185,916
Cost of sales and operating expenses	553,662		241,308		64,634		—		859,604
Gross Margin	215,964		70,548		39,800		—		326,312
Gain on sale of assets	(229)		(8)		(264)		—		(501)
Selling, general and administrative expenses	54,997		24,417		4,481		13,380		97,275
Depreciation and amortization	53,824		14,933		6,361		2,708		77,826
Equity in net income of Diamond Green Diesel	—		—		53,951		—		53,951
Segment operating income/(loss)	107,372		31,206		83,173		(16,088)		205,663
Equity in net income of other unconsolidated subsidiaries	1,647		—		—		—		1,647
Segment income/(loss)	109,019		31,206		83,173		(16,088)		207,310
Total other expense									(16,467)
Income before income taxes									$	190,843

	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
Nine Months Ended October 2, 2021
Net Sales	$	2,193,002	$	926,952	$	311,347	$	—	$	3,431,301
Cost of sales and operating expenses	1,584,667		706,260		219,534		—		2,510,461
Gross Margin	608,335		220,692		91,813		—		920,840
Gain on sale of assets	(490)		(1)		(302)		—		(793)
Selling, general and administrative expenses	162,594		75,150		13,822		42,239		293,805
Restructuring and asset impairment charges	—		—		778		—		778
Depreciation and amortization	162,404		45,666		19,214		8,298		235,582
Equity in net income of Diamond Green Diesel	—		—		281,964		—		281,964
Segment operating income/(loss)	283,827		99,877		340,265		(50,537)		673,432
Equity in net income of other unconsolidated subsidiaries	4,199		—		—		—		4,199
Segment income/(loss)	288,026		99,877		340,265		(50,537)		677,631
Total other expense									(51,614)
Income before income taxes									$	626,017
Segment assets at October 2, 2021	$	2,787,376	$	1,213,831	$	1,413,049	$	511,464	$	5,925,720

	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 expenses	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 January 2, 2021	$	2,708,922	$	1,335,769	$	1,160,132	$	408,508	$	5,613,331