XML 63 R53.htm IDEA: XBRL DOCUMENT v3.23.1
Acquisitions (Details)
€ in Thousands, $ in Thousands
1 Months Ended 3 Months Ended
Mar. 31, 2023
USD ($)
facilities
Mar. 31, 2023
BRL (R$)
Nov. 02, 2022
EUR (€)
Aug. 01, 2022
USD ($)
facilities
Aug. 01, 2022
BRL (R$)
May 02, 2022
USD ($)
facilities
Feb. 28, 2022
USD ($)
Apr. 01, 2023
USD ($)
Dec. 31, 2022
USD ($)
Apr. 02, 2022
USD ($)
Aug. 01, 2022
BRL (R$)
facilities
Feb. 25, 2022
USD ($)
Business Acquisition [Line Items]                        
Acquisition and integration costs               $ 7,022   $ 3,773    
Net sales               1,791,172   1,366,334    
Net income attributable to Darling               185,801   188,053    
Goodwill               2,587,587 $ 1,970,377      
South America                        
Business Acquisition [Line Items]                        
Net sales               104,323   $ 8,496    
Senior Secured Facilities | Term A-1 Facility                        
Business Acquisition [Line Items]                        
Line of credit outstanding               400,000        
Senior Secured Facilities | Term A-2 Facility                        
Business Acquisition [Line Items]                        
Line of credit outstanding               500,000        
Senior Secured Facilities | Revolving Credit Facility                        
Business Acquisition [Line Items]                        
Line of credit outstanding               515,000        
Senior Secured Facilities | Term A-4 Facility                        
Business Acquisition [Line Items]                        
Line of credit outstanding $ 500,000                      
Senior Secured Facilities | Term A-3 Facility                        
Business Acquisition [Line Items]                        
Line of credit outstanding 300,000                      
FASA Group                        
Business Acquisition [Line Items]                        
Property, plant and equipment       $ 223,329                
Other noncurrent liabilities       $ (503)                
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       11 years 4 months 24 days 11 years 4 months 24 days              
Payments to Acquire Businesses, Gross       $ 562,600 R$ 2,900,000,000              
Business Combination, Number of Facilities Acquired | facilities       14             14  
Business Combination, Purchase Price Adjustments                 7,100      
Net sales               93,500        
Net income attributable to Darling               4,500        
Business Combination, Number of Facilities Acquired Under Construction | facilities       2             2  
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low | R$                     R$ 0  
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | R$                     1,000,000,000  
Business Combination, Contingent Consideration, Liability       $ 168,100             R$ 867,500,000  
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Future Earnings Growth Period       3 years 3 years              
Goodwill       $ 377,789                
Goodwill, Purchase Accounting Adjustments               30,800        
Less hold-back       $ 21,705                
Foreign Currency Exchange Rate       5.16             5.16  
Increase in property, plant and equipment               80,400        
Decrease in intangible assets               38,900        
Increase in deferred tax liabilities               16,700        
Increase in other assets and liabilities               6,000        
FASA Group | Collection Routes [Member]                        
Business Acquisition [Line Items]                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles       $ 111,500                
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       12 years 12 years              
FASA Group | Trade Names [Member]                        
Business Acquisition [Line Items]                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles       $ 10,800                
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       5 years 5 years              
Valley Proteins                        
Business Acquisition [Line Items]                        
Property, plant and equipment           $ 409,405            
Other noncurrent liabilities           $ (19,436)            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life           15 years            
Payments to Acquire Businesses, Gross           $ 1,177,000            
Business Combination, Number of Facilities Acquired | facilities           18            
Business Combination, Purchase Price Adjustments               6,000        
Net sales               226,400        
Net income attributable to Darling               (500)        
Goodwill           $ 358,298            
Valley Proteins | Collection Routes [Member]                        
Business Acquisition [Line Items]                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles           $ 292,100            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life           15 years            
Valley Proteins | Permits [Member]                        
Business Acquisition [Line Items]                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles           $ 97,100            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life           15 years            
Valley Proteins | Other Intangible Assets                        
Business Acquisition [Line Items]                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles 284,000                      
Group Op de Beeck                        
Business Acquisition [Line Items]                        
Business Acquisition, Price of Acquisition                       $ 91,700
Business combination, consideration transferred             $ 71,300   75,500      
Property, plant and equipment                       28,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles                       27,200
Other noncurrent liabilities                       (9,400)
Business Combination, Purchase Price Adjustments                 $ 4,200      
Goodwill                       $ 29,600
Gelnex                        
Business Acquisition [Line Items]                        
Business combination, consideration transferred 1,100,000                      
Property, plant and equipment 127,769                      
Other noncurrent liabilities (19)                      
Acquisition and integration costs               $ 5,800        
Payments to Acquire Businesses, Gross | R$   R$ 4,300,000,000                    
Goodwill 626,202                      
Less hold-back 104,145                      
Business Acquisition, Goodwill, Expected Tax Deductible Amount 506,300                      
Business Combination, Price of Acquisition, Expected $ 1,200,000                      
Foreign Currency Exchange Rate 5.0812                      
Payments to Acquire Businesses, Partial Payment, US Dollar Equivalent to Brazilian Real $ 855,100                      
Payments to Acquire Businesses, Partial Payment $ 243,500                      
Gelnex | South America                        
Business Acquisition [Line Items]                        
Business Combination, Number of Facilities Acquired | facilities 5                      
Gelnex | UNITED STATES                        
Business Acquisition [Line Items]                        
Business Combination, Number of Facilities Acquired | facilities 1                      
Miropasz                        
Business Acquisition [Line Items]                        
Business Combination, Price of Acquisition, Expected | €     € 110,000