Investment in Unconsolidated Subsidiary (Tables)

6 Months Ended

Jul. 02, 2022

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Selected financial information for the Company's DGD Joint Venture is as follows (in thousands):

(in thousands)	June 30, 2022		December 31, 2021
Assets:
Total current assets	$	1,065,686	$	686,294
Property, plant and equipment, net	3,131,430		2,710,747
Other assets	52,324		51,514
Total assets	$	4,249,440	$	3,448,555
Liabilities and members' equity:
Total current portion of long term debt	$	165,439	$	165,092
Total other current liabilities	333,651		295,860
Total long term debt	336,743		344,309
Total other long term liabilities	17,148		17,531
Total members' equity	3,396,459		2,625,763
Total liabilities and members' equity	$	4,249,440	$	3,448,555

	Three Months Ended				Six Months Ended
(in thousands)	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Revenues:
Operating revenues	$	1,455,886	$	571,859	$	2,436,578	$	1,003,492
Expenses:
Total costs and expenses less depreciation, amortization and accretion expense	1,274,665		307,857		2,082,237		523,091
Depreciation, amortization and accretion expense	31,317		11,995		57,809		23,682
Total costs and expenses	1,305,982		319,852		2,140,046		546,773
Operating income	149,904		252,007		296,532		456,719
Other income	722		353		711		411
Interest and debt expense, net	(3,266)		(784)		(6,275)		(1,104)
Net income	$	147,360	$	251,576	$	290,968	$	456,026