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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 99,460 $ 68,906
Restricted cash 100 166
Accounts receivable, less allowance for bad debts of $9,161 at April 2, 2022 and $8,196 at January 1, 2022 517,783 469,092
Inventories 491,694 457,465
Prepaid expenses 60,562 53,711
Income taxes refundable 25,047 1,075
Other current assets 64,387 38,599
Total current assets 1,259,033 1,089,014
Property, plant and equipment, less accumulated depreciation of $1,894,760 at April 2, 2022 and $1,855,420 at January 1, 2022 1,867,880 1,840,080
Intangible assets, less accumulated amortization of $576,357 at April 2, 2022 and $560,470 at January 1, 2022 409,627 397,801
Goodwill 1,236,524 1,219,116
Investment in unconsolidated subsidiaries 1,563,840 1,349,247
Operating lease right-of-use assets 165,128 155,464
Other assets 97,709 66,795
Deferred income taxes 15,875 16,211
Total assets 6,615,616 6,133,728
Current liabilities:    
Current portion of long-term debt 35,337 24,407
Accounts payable, principally trade 351,253 307,118
Income taxes payable 25,117 32,310
Current operating lease liabilities 41,649 38,168
Accrued expenses 360,058 350,681
Total current liabilities 813,414 752,684
Long-term debt, net of current portion 1,677,925 1,438,974
Long-term operating lease liabilities 125,242 120,314
Other non-current liabilities 109,647 111,029
Deferred income taxes 393,738 362,942
Total liabilities 3,119,966 2,785,943
Commitments and contingencies
Stockholders’ equity:    
     Common stock, $0.01 par value; 250,000,000 shares authorized; 173,384,469 and 171,734,603 shares issued at April 2, 2022 and January 1, 2022, respectively 1,734 1,717
Additional paid-in capital 1,637,930 1,627,816
     Treasury stock, at cost; 11,880,712 and 10,942,599 shares at        April 2, 2022 and January 1, 2022, respectively (438,906) (374,721)
Accumulated other comprehensive loss (311,369) (321,690)
Retained earnings 2,535,891 2,347,838
Total Darling's stockholders’ equity 3,425,280 3,280,960
Noncontrolling interests 70,370 66,825
Total stockholders' equity 3,495,650 3,347,785
Total liabilities and stockholders' equity $ 6,615,616 $ 6,133,728