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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Net sales $ 1,421,891 $ 1,625,204 $ 4,297,482 $ 5,173,997
Costs and expenses:        
Cost of sales and operating expenses (excludes depreciation and amortization, shown separately below) 1,108,319 1,238,733 3,353,406 3,965,408
Loss/(gain) on sale of assets 251 929 (101) 861
Selling, general and administrative expenses 115,717 137,697 384,591 409,914
Restructuring and asset impairment charges 0 0 0 5,420
Acquisition and integration costs 218 3,430 5,402 12,158
Change in fair value of contingent consideration 16,156 (5,559) (42,215) (13,058)
Depreciation and amortization 123,553 125,994 375,667 364,086
Total costs and expenses 1,364,214 1,501,224 4,076,750 4,744,789
Equity in net income of Diamond Green Diesel 2,430 54,389 125,046 361,690
Operating income 60,107 178,369 345,778 790,898
Other expense:        
Interest expense (66,846) (70,278) (198,947) (190,770)
Foreign currency gain/(loss) (134) 845 515 8,339
Other income, net 4,735 2,247 12,823 13,485
Total other expense (62,245) (67,186) (185,609) (168,946)
Equity in net income of other unconsolidated subsidiaries 3,782 1,534 9,109 3,503
Income before income taxes 1,644 112,717 169,278 625,455
Income tax expense/(benefit) (17,471) (15,364) (12,790) 52,322
Net income 19,115 128,081 182,068 573,133
Net income attributable to noncontrolling interests (2,166) (3,055) (5,096) (9,923)
Net income attributable to Darling $ 16,949 $ 125,026 $ 176,972 $ 563,210
Basic income per share (in dollars per share) $ 0.11 $ 0.78 $ 1.11 $ 3.52
Diluted income per share (in dollars per share) $ 0.11 $ 0.77 $ 1.10 $ 3.47
Nonrelated Party        
Net sales $ 1,157,075 $ 1,348,602 $ 3,551,392 $ 4,233,769
Related Party        
Net sales $ 264,816 $ 276,602 $ 746,090 $ 940,228