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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 127,016 $ 68,906
Restricted cash 315 166
       Accounts receivable, less allowance for bad debts of $11,889              at December 31, 2022 and $8,196 at January 1, 2022 676,573 469,092
Inventories 673,621 457,465
Prepaid expenses 85,665 53,711
Income taxes refundable 18,583 1,075
Other current assets 56,324 38,599
Total current assets 1,638,097 1,089,014
Property, plant and equipment, net 2,462,082 1,840,080
Intangible assets, net 865,122 397,801
Goodwill 1,970,377 1,219,116
Investment in unconsolidated subsidiaries 1,926,395 1,349,247
Operating right-of-use assets, net 186,141 155,464
Other assets 136,268 66,795
Deferred income taxes 17,888 16,211
Total assets 9,202,370 6,133,728
Current liabilities:    
Current portion of long-term debt 69,846 24,407
Accounts payable, principally trade 472,491 307,118
Income taxes payable 44,851 32,310
Operating lease liability, current 49,232 38,168
Accrued expenses 432,023 350,681
Total current liabilities 1,068,443 752,684
Long-term debt, net of current portion 3,314,969 1,438,974
Operating lease liability, non-current 141,703 120,314
Other noncurrent liabilities 298,933 111,029
Deferred income taxes 481,832 362,942
Total liabilities 5,305,880 2,785,943
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 250,000,000 shares authorized, 173,593,099 and 171,734,603 shares issued at December 31, 2022 and January 1, 2022, respectively 1,736 1,717
Additional paid-in capital 1,660,084 1,627,816
Treasury stock, at cost; 13,623,503 and 10,942,599 shares at December 31, 2022 and January 1, 2022, respectively (554,451) (374,721)
Accumulated other comprehensive loss (383,874) (321,690)
Retained earnings 3,085,528 2,347,838
Total Darling's stockholders’ equity 3,809,023 3,280,960
Noncontrolling interests 87,467 66,825
Total stockholders’ equity 3,896,490 3,347,785
Total liabilities and stockholders' equity $ 9,202,370 $ 6,133,728
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 250,000,000 250,000,000