Business Segments (Tables)

3 Months Ended

Apr. 01, 2023

Segment Reporting [Abstract]

Business Segments

Business Segments (in thousands):

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended April 1, 2023
Net Sales	$	1,237,494	$	396,392	$	157,286	$	—	$	1,791,172
Cost of sales and operating expenses	950,072		290,115		126,786		—		1,366,973
Gross Margin	287,422		106,277		30,500		—		424,199
Loss/(gain) on sale of assets	(342)		(21)		36		—		(327)
Selling, general and administrative expenses	74,691		33,122		6,192		21,461		135,466
Restructuring and asset impairment charges	92		4,432		—		—		4,524
Acquisition and integration costs	—		—		—		7,022		7,022
Depreciation and amortization	90,320		14,473		8,393		2,820		116,006
Equity in net income of Diamond Green Diesel	—		—		94,337		—		94,337
Segment operating income/(loss)	122,661		54,271		110,216		(31,303)		255,845
Equity in net income of other unconsolidated subsidiaries	120		—		—		—		120
Segment income/(loss)	122,781		54,271		110,216		(31,303)		255,965
Total other expense									(39,136)
Income before income taxes									$	216,829
Segment assets at April 1, 2023	$	4,807,542	$	2,593,490	$	2,505,583	$	954,517	$	10,861,132

	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 December 31, 2022	$	4,866,351	$	1,251,473	$	2,307,199	$	777,347	$	9,202,370