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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 126,502 $ 127,016
Restricted cash 292 315
Inventories 758,739 673,621
Prepaid expenses 105,657 85,665
Income taxes refundable 23,599 18,583
Other current assets 42,586 56,324
Total current assets 1,855,666 1,638,097
Property, plant and equipment, net 2,935,185 2,462,082
Intangible assets, net 1,075,892 865,122
Goodwill 2,484,502 1,970,377
Investment in unconsolidated subsidiaries 2,251,629 1,926,395
Operating right-of-use assets, net 205,539 186,141
Other assets 234,960 136,268
Deferred income taxes 17,711 17,888
Total assets 11,061,084 9,202,370
Current liabilities:    
Current portion of long-term debt 60,703 69,846
Accounts payable, principally trade 425,588 472,491
Income taxes payable 15,522 44,851
Operating lease liability, current 55,325 49,232
Accrued expenses 440,999 432,023
Total current liabilities 998,137 1,068,443
Long-term debt, net of current portion 4,366,370 3,314,969
Operating lease liability, non-current 154,903 141,703
Other noncurrent liabilities 349,809 298,933
Deferred income taxes 498,174 481,832
Total liabilities 6,367,393 5,305,880
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 250,000,000 shares authorized, 174,427,981 and 173,593,099 shares issued at December 30, 2023 and December 31, 2022, respectively 1,744 1,736
Additional paid-in capital 1,697,787 1,660,084
Treasury stock, at cost; 14,894,192 and 13,623,503 shares at December 30, 2023 and December 31, 2022, respectively (629,008) (554,451)
Accumulated other comprehensive loss (198,346) (383,874)
Retained earnings 3,733,254 3,085,528
Total Darling's stockholders’ equity 4,605,431 3,809,023
Noncontrolling interests 88,260 87,467
Total stockholders’ equity 4,693,691 3,896,490
Total liabilities and stockholders' equity 11,061,084 9,202,370
Nonrelated Party    
Current assets:    
Accounts receivable 626,008 559,695
Related Party    
Current assets:    
Accounts receivable $ 172,283 $ 116,878