Investment in Unconsolidated Subsidiary (Tables)

3 Months Ended

Mar. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Selected financial information for the Company's DGD Joint Venture is as follows:

(in thousands)	March 31, 2024		December 31, 2023
Assets:
Total current assets	$	1,814,038	$	1,877,430
Property, plant and equipment, net	3,870,508		3,838,800
Other assets	102,279		89,697
Total assets	$	5,786,825	$	5,805,927
Liabilities and members' equity:
Total current portion of long term debt	$	128,942	$	278,639
Total other current liabilities	302,519		417,918
Total long term debt	729,756		737,097
Total other long term liabilities	17,331		16,996
Total members' equity	4,608,277		4,355,277
Total liabilities and members' equity	$	5,786,825	$	5,805,927

	Three Months Ended
(in thousands)	March 31, 2024		March 31, 2023
Revenues:
Operating revenues	$	1,411,115	$	1,680,050
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense	1,159,356		1,421,404
Lower of cost or market (LCM) inventory valuation adjustment	21,638		—
Depreciation, amortization and accretion expense	65,290		58,607
Total costs and expenses	1,246,284		1,480,011
Operating income	164,831		200,039
Other income	3,220		2,041
Interest and debt expense, net	(11,242)		(13,406)
Income before income tax expense	156,809		188,674
Income tax benefit	(29)		—
Net income	$	156,838	$	188,674