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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 01, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 126,032 $ 68,906
Restricted cash 102 166
Accounts receivable, less allowance for bad debts of $12,062 at October 1, 2022 and $8,196 at January 1, 2022 669,824 469,092
Inventories 641,980 457,465
Prepaid expenses 80,293 53,711
Income taxes refundable 17,504 1,075
Other current assets 26,301 38,599
Total current assets 1,562,036 1,089,014
Property, plant and equipment, less accumulated depreciation of $1,935,224 at October 1, 2022 and $1,855,420 at January 1, 2022 2,345,671 1,840,080
Intangible assets, less accumulated amortization of $586,934 at October 1, 2022 and $560,470 at January 1, 2022 873,613 397,801
Goodwill 1,900,267 1,219,116
Investment in unconsolidated subsidiaries 1,814,583 1,349,247
Operating lease right-of-use assets 175,117 155,464
Other assets 122,668 66,795
Deferred income taxes 14,799 16,211
Total assets 8,808,754 6,133,728
Current liabilities:    
Current portion of long-term debt 63,663 24,407
Accounts payable, principally trade 398,175 307,118
Income taxes payable 43,395 32,310
Current operating lease liabilities 44,040 38,168
Accrued expenses 478,710 350,681
Total current liabilities 1,027,983 752,684
Long-term debt, net of current portion 3,220,901 1,438,974
Long-term operating lease liabilities 133,184 120,314
Other non-current liabilities 296,066 111,029
Deferred income taxes 461,806 362,942
Total liabilities 5,139,940 2,785,943
Commitments and contingencies
Stockholders’ equity:    
     Common stock, $0.01 par value; 250,000,000 shares authorized; 173,521,983 and 171,734,603 shares issued at October 1, 2022 and January 1, 2022, respectively 1,735 1,717
Additional paid-in capital 1,652,453 1,627,816
     Treasury stock, at cost; 13,255,503 and 10,942,599 shares at        October 1, 2022 and January 1, 2022, respectively (529,905) (374,721)
Accumulated other comprehensive loss (473,139) (321,690)
Retained earnings 2,928,968 2,347,838
Total Darling's stockholders’ equity 3,580,112 3,280,960
Noncontrolling interests 88,702 66,825
Total stockholders' equity 3,668,814 3,347,785
Total liabilities and stockholders' equity $ 8,808,754 $ 6,133,728