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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Net sales $ 1,455,292 $ 1,757,621 $ 2,875,591 $ 3,548,793
Costs and expenses:        
Cost of sales and operating expenses 1,128,421 1,359,702 2,245,087 2,726,675
Loss/(gain) on sale of assets 222 259 (352) (68)
Selling, general and administrative expenses 129,731 136,751 268,874 272,217
Restructuring and asset impairment charges 0 896 0 5,420
Acquisition and integration costs 1,130 1,706 5,184 8,728
Change in fair value of contingent consideration (33,122) (7,499) (58,371) (7,499)
Depreciation and amortization 124,605 122,086 252,114 238,092
Total costs and expenses 1,350,987 1,613,901 2,712,536 3,243,565
Equity in net income of Diamond Green Diesel 44,197 212,964 122,616 307,301
Operating income 148,502 356,684 285,671 612,529
Other expense:        
Interest expense (69,225) (70,193) (132,101) (120,492)
Foreign currency gain 413 2,490 649 7,494
Other income/(expense), net (568) 5,079 8,088 11,238
Total other expense (69,380) (62,624) (123,364) (101,760)
Equity in net income of other unconsolidated subsidiaries 3,017 1,849 5,327 1,969
Income before income taxes 82,139 295,909 167,634 512,738
Income tax expense 774 40,712 4,681 67,686
Net income 81,365 255,197 162,953 445,052
Net income attributable to noncontrolling interests (2,499) (2,814) (2,930) (6,868)
Net income attributable to Darling $ 78,866 $ 252,383 $ 160,023 $ 438,184
Basic income per share (in dollars per share) $ 0.49 $ 1.58 $ 1.00 $ 2.74
Diluted income per share (in dollars per share) $ 0.49 $ 1.55 $ 0.99 $ 2.69