Business Segments (Tables)

3 Months Ended

Mar. 30, 2024

Segment Reporting [Abstract]

Business Segments

Business Segments (in thousands):

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended March 30, 2024
Net Sales	$	889,848	$	391,282	$	139,169	$	—	$	1,420,299
Cost of sales and operating expenses	705,769		298,145		112,752		—		1,116,666
Gross Margin	184,079		93,137		26,417		—		303,633
Loss/(gain) on sale of assets	132		(294)		(412)		—		(574)
Selling, general and administrative expenses	77,138		31,744		8,745		21,516		139,143
Acquisition and integration costs	—		—		—		4,054		4,054
Change in fair value of contingent consideration	(25,249)		—		—		—		(25,249)
Depreciation and amortization	87,569		28,868		8,667		2,405		127,509
Equity in net income of Diamond Green Diesel	—		—		78,419		—		78,419
Segment operating income/(loss)	44,489		32,819		87,836		(27,975)		137,169
Equity in net income of other unconsolidated subsidiaries	2,310		—		—		—		2,310
Segment income/(loss)	46,799		32,819		87,836		(27,975)		139,479
Total other expense									(53,984)
Income before income taxes									$	85,495
Segment assets at March 30, 2024	$	4,552,622	$	2,490,351	$	2,679,811	$	1,219,985	$	10,942,769

	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Three Months Ended April 1, 2023
Net Sales	$	1,237,494	$	396,392	$	157,286	$	—	$	1,791,172
Cost of sales and operating expenses	950,072		290,115		126,786		—		1,366,973
Gross Margin	287,422		106,277		30,500		—		424,199
Loss/(gain) on sale of assets	(342)		(21)		36		—		(327)
Selling, general and administrative expenses	74,691		33,122		6,192		21,461		135,466
Restructuring and asset impairment charges	92		4,432		—		—		4,524
Acquisition and integration costs	—		—		—		7,022		7,022
Depreciation and amortization	90,320		14,473		8,393		2,820		116,006
Equity in net income of Diamond Green Diesel	—		—		94,337		—		94,337
Segment operating income/(loss)	122,661		54,271		110,216		(31,303)		255,845
Equity in net income of other unconsolidated subsidiaries	120		—		—		—		120
Segment income/(loss)	122,781		54,271		110,216		(31,303)		255,965
Total other expense									(39,136)
Income before income taxes									$	216,829
Segment assets at December 30, 2023	$	4,702,593	$	2,646,702	$	2,589,145	$	1,122,644	$	11,061,084