XML 40 R31.htm IDEA: XBRL DOCUMENT

Subsequent Events	6 Months Ended
Subsequent Events	Jul. 02, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Subsequent to July 2, 2022, the Company repurchased approximately $29.3 million, including commissions, of its common stock in the open market. On July 29, 2022, the DGD Joint Venture repaid all $50.0 million outstanding under the DGD Loan Agreement including the Company's full $25.0 million commitment together with interest. On August 1, 2022, the Company paid approximately R$2.9 billion Brazilian Real in cash (approximately $562.6 million USD at the exchange rate in effect on the closing date) for all the shares of the FASA Group, the largest independent rendering company in Brazil, subject to post closing adjustments and a contingent payment based on future earnings growth. The Company financed this transaction by borrowing approximately $515.0 million of revolver borrowings under the Company's Amended Credit Agreement with the remainder coming from cash on hand. On August 5, 2022, the Company received a dividend distribution of approximately $90.5 million from the DGD Joint Venture.