Business Segments (Tables)

3 Months Ended

Apr. 02, 2022

Segment Reporting [Abstract]

Business Segments

Business Segments (in thousands):

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended April 2, 2022
Net Sales	$	879,438	$	354,814	$	132,082	$	—	$	1,366,334
Cost of sales and operating expenses	645,523		270,312		104,742		—		1,020,577
Gross Margin	233,915		84,502		27,340		—		345,757
Gain on sale of assets	(341)		(9)		(39)		—		(389)
Selling, general and administrative expenses	56,209		26,844		3,920		15,059		102,032
Acquisition and integration costs	—		—		—		3,773		3,773
Depreciation and amortization	54,350		15,450		6,674		2,772		79,246
Equity in net income of Diamond Green Diesel	—		—		71,804		—		71,804
Segment operating income/(loss)	123,697		42,217		88,589		(21,604)		232,899
Equity in net income of other unconsolidated subsidiaries	1,360		—		—		—		1,360
Segment income/(loss)	125,057		42,217		88,589		(21,604)		234,259
Total other expense									(17,445)
Income before income taxes									$	216,814
Segment assets at April 2, 2022	$	2,751,078	$	1,262,887	$	1,982,190	$	619,461	$	6,615,616

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended April 3, 2021
Net Sales	$	651,444	$	298,065	$	97,207	$	—	$	1,046,716
Cost of sales and operating expenses	474,581		226,413		71,790		—		772,784
Gross Margin	176,863		71,652		25,417		—		273,932
Loss/(gain) on sale of assets	(139)		55		20		—		(64)
Selling, general and administrative expenses	52,620		25,191		4,867		14,720		97,398
Restructuring and impairment charges	—		—		778		—		778
Depreciation and amortization	54,609		14,883		6,155		2,887		78,534
Equity in net income of Diamond Green Diesel	—		—		102,225		—		102,225
Segment operating income/(loss)	69,773		31,523		115,822		(17,607)		199,511
Equity in net income of other unconsolidated subsidiaries	612		—		—		—		612
Segment income/(loss)	70,385		31,523		115,822		(17,607)		200,123
Total other expense									(17,997)
Income before income taxes									$	182,126
Segment assets at January 1, 2022	$	2,714,528	$	1,205,217	$	1,658,892	$	555,091	$	6,133,728