XML 90 R79.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Business Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Dec. 30, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales $ 1,455,292 $ 1,757,621 $ 2,875,591 $ 3,548,793  
Cost of sales and operating expenses 1,128,421 1,359,702 2,245,087 2,726,675  
Gross margin     630,504 822,118  
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  
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  
Equity in net income of other unconsolidated subsidiaries 3,017 1,849 5,327 1,969  
Segment income/(loss)     290,998 614,498  
Total other expense (69,380) (62,624) (123,364) (101,760)  
Income before income taxes 82,139 295,909 167,634 512,738  
Segment Assets 10,620,649   10,620,649   $ 11,061,084
Operating Segments          
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 1,455,292 1,757,621      
Cost of sales and operating expenses 1,128,421 1,359,702      
Gross margin 326,871 397,919      
Gain on sale of assets 222 259      
Selling, general and administrative expenses 129,731 136,751      
Restructuring and asset impairment charges   896      
Acquisition and integration costs 1,130 1,706      
Change in fair value of contingent consideration (33,122) (7,499)      
Depreciation and amortization 124,605 122,086      
Equity in net income of Diamond Green Diesel 44,197 212,964      
Operating income 148,502 356,684      
Equity in net income of other unconsolidated subsidiaries 3,017 1,849      
Segment income/(loss) 151,519 358,533      
Feed Ingredients          
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 934,147 1,141,661 1,823,995 2,379,155  
Cost of sales and operating expenses 737,871 876,413 1,443,640 1,826,485  
Gross margin 196,276 265,248 380,355 552,670  
Gain on sale of assets 205 322 337 (20)  
Selling, general and administrative expenses 74,015 77,406 151,153 152,097  
Restructuring and asset impairment charges   0   92  
Acquisition and integration costs 0 0 0 0  
Change in fair value of contingent consideration (33,122) (7,499) (58,371) (7,499)  
Depreciation and amortization 86,444 82,575 174,013 172,895  
Equity in net income of Diamond Green Diesel 0 0 0 0  
Operating income 68,734 112,444 113,223 235,105  
Equity in net income of other unconsolidated subsidiaries 3,017 1,849 5,327 1,969  
Segment income/(loss) 71,751 114,293 118,550 237,074  
Segment Assets 4,367,740   4,367,740   4,702,593
Food Ingredients          
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 378,841 476,093 770,123 872,485  
Cost of sales and operating expenses 276,760 371,095 574,905 661,210  
Gross margin 102,081 104,998 195,218 211,275  
Gain on sale of assets 37 2 (257) (19)  
Selling, general and administrative expenses 28,844 33,684 60,588 66,806  
Restructuring and asset impairment charges   896   5,328  
Acquisition and integration costs 0 0 0 0  
Change in fair value of contingent consideration 0 0 0 0  
Depreciation and amortization 27,372 28,445 56,240 42,918  
Equity in net income of Diamond Green Diesel 0 0 0 0  
Operating income 45,828 41,971 78,647 96,242  
Equity in net income of other unconsolidated subsidiaries 0 0 0 0  
Segment income/(loss) 45,828 41,971 78,647 96,242  
Segment Assets 2,277,464   2,277,464   2,646,702
Fuel Ingredients          
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 142,304 139,867 281,473 297,153  
Cost of sales and operating expenses 113,790 112,194 226,542 238,980  
Gross margin 28,514 27,673 54,931 58,173  
Gain on sale of assets (20) (65) (432) (29)  
Selling, general and administrative expenses 8,409 4,971 17,154 11,163  
Restructuring and asset impairment charges   0   0  
Acquisition and integration costs 0 0 0 0  
Change in fair value of contingent consideration 0 0 0 0  
Depreciation and amortization 8,723 8,567 17,390 16,960  
Equity in net income of Diamond Green Diesel 44,197 212,964 122,616 307,301  
Operating income 55,599 227,164 143,435 337,380  
Equity in net income of other unconsolidated subsidiaries 0 0 0 0  
Segment income/(loss) 55,599 227,164 143,435 337,380  
Segment Assets 2,684,602   2,684,602   2,589,145
Corporate          
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 0 0 0 0  
Cost of sales and operating expenses 0 0 0 0  
Gross margin 0 0 0 0  
Gain on sale of assets 0 0 0 0  
Selling, general and administrative expenses 18,463 20,690 39,979 42,151  
Restructuring and asset impairment charges   0   0  
Acquisition and integration costs 1,130 1,706 5,184 8,728  
Change in fair value of contingent consideration 0 0 0 0  
Depreciation and amortization 2,066 2,499 4,471 5,319  
Equity in net income of Diamond Green Diesel 0 0 0 0  
Operating income (21,659) (24,895) (49,634) (56,198)  
Equity in net income of other unconsolidated subsidiaries 0 0 0 0  
Segment income/(loss) (21,659) $ (24,895) (49,634) $ (56,198)  
Segment Assets $ 1,290,843   $ 1,290,843   $ 1,122,644