XML 64 R55.htm IDEA: XBRL DOCUMENT v3.23.3
Acquisitions (Details)
€ in Thousands, $ in Thousands
1 Months Ended 3 Months Ended 9 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 ($)
facilities
Feb. 28, 2022
USD ($)
Sep. 30, 2023
USD ($)
Jul. 01, 2023
USD ($)
Oct. 01, 2022
USD ($)
Sep. 30, 2023
USD ($)
Oct. 01, 2022
USD ($)
Jul. 01, 2023
BRL (R$)
Dec. 31, 2022
USD ($)
Aug. 01, 2022
BRL (R$)
facilities
Feb. 25, 2022
USD ($)
Business Acquisition [Line Items]                                
Acquisition and integration costs               $ 3,430   $ 4,503 $ 12,158 $ 13,634        
Net sales               1,625,204   1,747,599 5,173,997 4,764,121        
Net income attributable to Darling               125,026   191,081 563,210 581,130        
Goodwill               2,447,376     2,447,376     $ 1,970,377    
Goodwill, Purchase Accounting Adjustments                     83,071          
South America                                
Business Acquisition [Line Items]                                
Net sales               127,440   $ 59,468 376,549 $ 80,832        
Senior Secured Facilities | Term A-1 Facility                                
Business Acquisition [Line Items]                                
Line of credit outstanding               400,000     400,000          
Senior Secured Facilities | Term A-2 Facility                                
Business Acquisition [Line Items]                                
Line of credit outstanding               500,000     500,000          
Senior Secured Facilities | Revolving Credit Facility                                
Business Acquisition [Line Items]                                
Line of credit outstanding               515,000     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       $ 224,384                        
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               75,800     259,600          
Net income attributable to Darling               (3,500)     (1,700)          
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         83,000       R$ 428,200,000   R$ 867,500,000  
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Future Earnings Growth Period       3 years 3 years                      
Goodwill       $ 301,937                        
Goodwill, Purchase Accounting Adjustments                 21,500              
Less hold-back       $ 21,705                        
Foreign Currency Exchange Rate       5.16                     5.16  
Increase in property, plant and equipment                 81,500              
Decrease in intangible assets                 41,700              
Increase in deferred tax liabilities                 16,000              
Increase in other assets and liabilities                 2,300              
FASA Group | Revision of Prior Period, Error Correction, Adjustment                                
Business Acquisition [Line Items]                                
Business Combination, Contingent Consideration, Liability       $ 85,100                        
Goodwill, Period Increase (Decrease)                 85,144              
FASA Group | Collection Routes [Member]                                
Business Acquisition [Line Items]                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles       $ 108,600                        
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       $ 10,900                        
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               197,100     623,400          
Net income attributable to Darling               (11,300)     (7,700)          
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                    
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 855,100 R$ 4,300,000,000                            
Property, plant and equipment 143,509                              
Other noncurrent liabilities $ (19)                              
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life 11 years 3 months 18 days 11 years 3 months 18 days                            
Acquisition and integration costs               600     6,500          
Payments to Acquire Businesses, Gross $ 1,100,000                              
Business Combination, Purchase Price Adjustments               14,100                
Net sales               88,800     180,000          
Net income attributable to Darling               1,100     $ (18,000)          
Goodwill 564,467                              
Goodwill, Purchase Accounting Adjustments               (75,800)                
Less hold-back 104,145                              
Business Acquisition, Goodwill, Expected Tax Deductible Amount 446,500                              
Business Combination, Price of Acquisition, Expected $ 1,200,000                              
Foreign Currency Exchange Rate 5.08                              
Increase in property, plant and equipment               15,700                
Decrease in intangible assets               (66,500)                
Increase in deferred tax liabilities               6,200                
Increase in other assets and liabilities               $ 200                
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                              
Gelnex | Trade Names [Member]                                
Business Acquisition [Line Items]                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles $ 8,000                              
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life 5 years 5 years                            
Gelnex | Customer Relationships                                
Business Acquisition [Line Items]                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles $ 342,500                              
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life 11 years 4 months 24 days 11 years 4 months 24 days                            
Miropasz                                
Business Acquisition [Line Items]                                
Business Combination, Price of Acquisition, Expected | €     € 110,000