XML 65 R56.htm IDEA: XBRL DOCUMENT v3.23.3
Acquisitions (Assets Acquired and Liabilities Assumed) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Aug. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Dec. 31, 2022
May 02, 2022
Business Acquisition [Line Items]                
Goodwill     $ 2,447,376   $ 2,447,376   $ 1,970,377  
Less contingent consideration     78,570   78,570   $ 169,903  
Cash paid for acquisition, net of cash acquired         1,093,183 $ 1,760,139    
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    
Acquisition and integration costs     3,430 $ 4,503 12,158 $ 13,634    
FASA Group                
Business Acquisition [Line Items]                
Accounts receivable   $ 76,640            
Inventories   43,058            
Other current assets   33,327            
Property, plant and equipment   224,384            
Identifiable intangible assets   119,477            
Goodwill   301,937            
Operating lease right-of-use assets   583            
Other assets   62,388            
Deferred tax asset   2,315            
Accounts payable   (15,920)            
Current portion of long-term debt   (18,680)            
Accrued expenses   (38,708)            
Long-term debt, net of current portion   (41,926)            
Long-term operating lease liabilities   (583)            
Deferred tax liability   (95,653)            
Other noncurrent liabilities   (503)            
Non-controlling interests   (21,704)            
Purchase price, net of cash acquired   630,432            
Less hold-back   21,705            
Less contingent consideration   82,984            
Cash paid for acquisition, net of cash acquired   $ 525,743            
Net sales     75,800   259,600      
Net income attributable to Darling     (3,500)   (1,700)      
Valley Proteins                
Business Acquisition [Line Items]                
Accounts receivable               $ 68,558
Inventories               58,246
Other current assets               13,825
Property, plant and equipment               409,405
Identifiable intangible assets               389,200
Goodwill               358,298
Operating lease right-of-use assets               16,380
Other assets               14,164
Deferred tax asset               1,075
Accounts payable               (47,615)
Current portion of long-term debt               (2,043)
Current operating lease liabilities               (4,779)
Accrued expenses               (66,034)
Long-term debt, net of current portion               (5,995)
Long-term operating lease liabilities               (11,601)
Other noncurrent liabilities               (19,436)
Purchase price, net of cash acquired               $ 1,171,648
Net sales     197,100   623,400      
Net income attributable to Darling     (11,300)   (7,700)      
Gelnex                
Business Acquisition [Line Items]                
Accounts receivable $ 81,025              
Inventories 141,066              
Other current assets 3,477              
Property, plant and equipment 143,509              
Identifiable intangible assets 350,500              
Goodwill 564,467              
Operating lease right-of-use assets 134              
Other assets 2,703              
Deferred tax asset 857              
Accounts payable (15,059)              
Current portion of long-term debt (44,692)              
Current operating lease liabilities (26)              
Accrued expenses (18,887)              
Long-term debt, net of current portion (1,407)              
Long-term operating lease liabilities (123)              
Deferred tax liability (10,298)              
Other noncurrent liabilities (19)              
Purchase price, net of cash acquired 1,197,227              
Less hold-back 104,145              
Cash paid for acquisition, net of cash acquired $ 1,093,082              
Net sales     88,800   180,000      
Net income attributable to Darling     1,100   (18,000)      
Acquisition and integration costs     $ 600   $ 6,500