XML 33 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Guarantor Financial Information (Tables) | 6 Months Ended
--- | ---
Jun. 29, 2013
Guarantor Financial Information [Abstract] |
Guarantor Financial Information Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheet As of June 29, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
ASSETS |  |  |  |  |
Total current assets | $ | 211,664 |  | $ | 510,553 |  | $ | 2,479 |  | $ | (401,726 | ) | $ | 322,970 |
Investment in subsidiaries | 1,550,047 |  | — |  | — |  | (1,550,047 | ) | — |
Property, plant and equipment, net | 161,850 |  | 317,117 |  | — |  | — |  | 478,967 |
Intangible assets, net | 15,485 |  | 310,021 |  | 259 |  | — |  | 325,765 |
Goodwill | 21,860 |  | 359,243 |  | 266 |  | — |  | 381,369 |
Investment in unconsolidated subsidiary | — |  | — |  | 104,297 |  | — |  | 104,297 |
Other assets | 25,263 |  | 3,194 |  | — |  | — |  | 28,457 |
| $ | 1,986,169 |  | $ | 1,500,128 |  | $ | 107,301 |  | $ | (1,951,773 | ) | $ | 1,641,825 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Total current liabilities | $ | 478,593 |  | $ | 58,319 |  | $ | (1,205 | ) | $ | (401,726 | ) | $ | 133,981 |
Long-term debt, net of current portion | 250,000 |  | 99 |  | — |  | — |  | 250,099 |
Other noncurrent liabilities | 59,300 |  | — |  | 169 |  | — |  | 59,469 |
Deferred income taxes | 71,166 |  | — |  | — |  | — |  | 71,166 |
Total liabilities | 859,059 |  | 58,418 |  | (1,036 | ) | (401,726 | ) | 514,715 |
Total stockholders’ equity | 1,127,110 |  | 1,441,710 |  | 108,337 |  | (1,550,047 | ) | 1,127,110 |
| $ | 1,986,169 |  | $ | 1,500,128 |  | $ | 107,301 |  | $ | (1,951,773 | ) | $ | 1,641,825 |
Condensed Consolidating Balance Sheet As of December 29, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
ASSETS |  |  |  |  |
Total current assets | $ | 174,576 |  | $ | 455,604 |  | $ | 3,037 |  | $ | (342,955 | ) | $ | 290,262 |
Investment in subsidiaries | 1,449,577 |  | — |  | — |  | (1,449,577 | ) | — |
Property, plant and equipment, net | 148,131 |  | 305,796 |  | — |  | — |  | 453,927 |
Intangible assets, net | 14,497 |  | 322,634 |  | 271 |  | — |  | 337,402 |
Goodwill | 21,860 |  | 359,243 |  | 266 |  | — |  | 381,369 |
Investment in unconsolidated subsidiary | — |  | — |  | 62,495 |  | — |  | 62,495 |
Other assets | 26,530 |  | 431 |  | — |  | — |  | 26,961 |
| $ | 1,835,171 |  | $ | 1,443,708 |  | $ | 66,069 |  | $ | (1,792,532 | ) | $ | 1,552,416 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Total current liabilities | $ | 414,755 |  | $ | 59,218 |  | $ | 666 |  | $ | (342,955 | ) | $ | 131,684 |
Long-term debt, net of current portion | 250,000 |  | 142 |  | — |  | — |  | 250,142 |
Other noncurrent liabilities | 61,365 |  | — |  | 174 |  | — |  | 61,539 |
Deferred income taxes | 46,615 |  | — |  | — |  | — |  | 46,615 |
Total liabilities | 772,735 |  | 59,360 |  | 840 |  | (342,955 | ) | 489,980 |
Total stockholders’ equity | 1,062,436 |  | 1,384,348 |  | 65,229 |  | (1,449,577 | ) | 1,062,436 |
| $ | 1,835,171 |  | $ | 1,443,708 |  | $ | 66,069 |  | $ | (1,792,532 | ) | $ | 1,552,416 |
Guarantor Financial Information Condensed Consolidating Statements Of Operations | Condensed Consolidating Statements of Operations For the three months ended June 29, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net sales | $ | 159,392 |  | $ | 309,689 |  | $ | 1,761 |  | $ | (47,249 | ) | $ | 423,593 |
Cost and expenses: |  |  |  |  |
Cost of sales and operating expenses | 124,146 |  | 231,381 |  | 1,644 |  | (47,249 | ) | 309,922 |
Selling, general and administrative expenses | 22,106 |  | 18,674 |  | 13 |  | — |  | 40,793 |
Depreciation and amortization | 5,817 |  | 16,253 |  | 6 |  | — |  | 22,076 |
Total costs and expenses | 152,069 |  | 266,308 |  | 1,663 |  | (47,249 | ) | 372,791 |
Operating income | 7,323 |  | 43,381 |  | 98 |  | — |  | 50,802 |
Interest expense | (5,666 | ) | (3 | ) | — |  | — |  | (5,669 | )
Other, net | (612 | ) | 212 |  | (18 | ) | — |  | (418 | )
Equity in net loss of unconsolidated subsidiary | — |  | — |  | (1,962 | ) | — |  | (1,962 | )
Earnings in investments in subsidiaries | 25,767 |  | — |  | — |  | (25,767 | ) | — |
Income/(loss) before taxes | 26,812 |  | 43,590 |  | (1,882 | ) | (25,767 | ) | 42,753 |
Income taxes (benefit) | 394 |  | 16,663 |  | (722 | ) | — |  | 16,335 |
Net income (loss) | $ | 26,418 |  | $ | 26,927 |  | $ | (1,160 | ) | $ | (25,767 | ) | $ | 26,418 |
Condensed Consolidating Statements of Operations For the six months ended June 29, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net sales | $ | 321,264 |  | $ | 629,100 |  | $ | 5,895 |  | $ | (87,244 | ) | $ | 869,015 |
Cost and expenses: |  |  |  |  |
Cost of sales and operating expenses | 248,250 |  | 465,902 |  | 5,700 |  | (87,244 | ) | 632,608 |
Selling, general and administrative expenses | 44,673 |  | 38,360 |  | 53 |  | — |  | 83,086 |
Depreciation and amortization | 11,955 |  | 31,976 |  | 12 |  | — |  | 43,943 |
Total costs and expenses | 304,878 |  | 536,238 |  | 5,765 |  | (87,244 | ) | 759,637 |
Operating income | 16,386 |  | 92,862 |  | 130 |  | — |  | 109,378 |
Interest expense | (11,287 | ) | (7 | ) | — |  | — |  | (11,294 | )
Other, net | 326 |  | 347 |  | (24 | ) | — |  | 649 |
Equity in net loss of unconsolidated subsidiary | — |  | — |  | (3,157 | ) | — |  | (3,157 | )
Earnings in investments in subsidiaries | 55,485 |  | — |  | — |  | (55,485 | ) | — |
Income/(loss) from operations before taxes | 60,910 |  | 93,202 |  | (3,051 | ) | (55,485 | ) | 95,576 |
Income taxes (benefit) | 2,087 |  | 35,840 |  | (1,174 | ) | — |  | 36,753 |
Net income (loss) | $ | 58,823 |  | $ | 57,362 |  | $ | (1,877 | ) | $ | (55,485 | ) | $ | 58,823 |
Condensed Consolidating Statements of Operations For the three months ended June 30, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net sales | $ | 184,570 |  | $ | 300,190 |  | $ | 3,721 |  | $ | (51,807 | ) | $ | 436,674 |
Cost and expenses: |  |  |  |  |
Cost of sales and operating expenses | 142,905 |  | 219,470 |  | 3,570 |  | (51,807 | ) | 314,138 |
Selling, general and administrative expenses | 18,927 |  | 17,933 |  | 34 |  | — |  | 36,894 |
Depreciation and amortization | 5,816 |  | 15,853 |  | 5 |  | — |  | 21,674 |
Total costs and expenses | 167,648 |  | 253,256 |  | 3,609 |  | (51,807 | ) | 372,706 |
Operating income | 16,922 |  | 46,934 |  | 112 |  | — |  | 63,968 |
Interest expense | (5,752 | ) | (1 | ) | — |  | — |  | (5,753 | )
Other, net | (588 | ) | 878 |  | (20 | ) | — |  | 270 |
Equity in net loss of unconsolidated subsidiary | — |  | — |  | (656 | ) | — |  | (656 | )
Earnings in investments in subsidiaries | 29,519 |  | — |  | — |  | (29,519 | ) | — |
Income/(loss) before taxes | 40,101 |  | 47,811 |  | (564 | ) | (29,519 | ) | 57,829 |
Income taxes | 3,876 |  | 17,938 |  | (210 | ) | — |  | 21,604 |
Net income (loss) | $ | 36,225 |  | $ | 29,873 |  | $ | (354 | ) | $ | (29,519 | ) | $ | 36,225 |
Condensed Consolidating Statements of Operations For the six months ended June 30, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net sales | $ | 337,558 |  | $ | 573,699 |  | $ | 6,275 |  | $ | (93,750 | ) | $ | 823,782 |
Cost and expenses: |  |  |  |  |
Cost of sales and operating expenses | 264,002 |  | 414,283 |  | 6,072 |  | (93,750 | ) | 590,607 |
Selling, general and administrative expenses | 39,712 |  | 34,478 |  | 73 |  | — |  | 74,263 |
Depreciation and amortization | 12,112 |  | 30,311 |  | 11 |  | — |  | 42,434 |
Total costs and expenses | 315,826 |  | 479,072 |  | 6,156 |  | (93,750 | ) | 707,304 |
Operating income | 21,732 |  | 94,627 |  | 119 |  | — |  | 116,478 |
Interest expense | (12,677 | ) | (1 | ) | — |  | — |  | (12,678 | )
Other, net | (1,230 | ) | 905 |  | (13 | ) | — |  | (338 | )
Equity in net loss of unconsolidated subsidiary | — |  | — |  | (892 | ) | — |  | (892 | )
Earnings in investments in subsidiaries | 59,851 |  | — |  | — |  | (59,851 | ) | — |
Income/(loss) from operations before taxes | 67,676 |  | 95,531 |  | (786 | ) | (59,851 | ) | 102,570 |
Income taxes (benefit) | 2,880 |  | 35,184 |  | (290 | ) | — |  | 37,774 |
Net income (loss) | $ | 64,796 |  | $ | 60,347 |  | $ | (496 | ) | $ | (59,851 | ) | $ | 64,796 |
Guarantor Financial Information Condensed Consolidating Statements of Comprehensive Income (Loss) | Condensed Consolidating Statements of Comprehensive Income (Loss) For the three months ended June 29, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net income | $ | 26,418 |  | $ | 26,927 |  | $ | (1,160 | ) | $ | (25,767 | ) | $ | 26,418 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Pension adjustments | 805 |  | — |  | — |  | — |  | 805 |
Natural gas swap derivative adjustments | (209 | ) | — |  | — |  | — |  | (209 | )
Corn option derivative adjustments | 358 |  | — |  | — |  | — |  | 358 |
Total other comprehensive income, net of tax | 954 |  | — |  | — |  | — |  | 954 |
Total comprehensive income (loss) | $ | 27,372 |  | $ | 26,927 |  | $ | (1,160 | ) | $ | (25,767 | ) | $ | 27,372 |
Condensed Consolidating Statements of Comprehensive Income (Loss) For the six months ended June 29, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net income | $ | 58,823 |  | $ | 57,362 |  | $ | (1,877 | ) | $ | (55,485 | ) | $ | 58,823 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Pension adjustments | 1,610 |  | — |  | — |  | — |  | 1,610 |
Natural gas swap derivative adjustments | (61 | ) | — |  | — |  | — |  | (61 | )
Corn option derivative adjustments | 1,307 |  | — |  | — |  | — |  | 1,307 |
Total other comprehensive income | 2,856 |  | — |  | — |  | — |  | 2,856 |
Total comprehensive income (loss) | $ | 61,679 |  | $ | 57,362 |  | $ | (1,877 | ) | $ | (55,485 | ) | $ | 61,679 |
Condensed Consolidating Statements of Comprehensive Income (Loss) For the three months ended June 30, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net income | $ | 36,225 |  | $ | 29,873 |  | $ | (354 | ) | $ | (29,519 | ) | $ | 36,225 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Pension adjustments | 742 |  | — |  | — |  | — |  | 742 |
Natural gas swap derivative adjustments | 314 |  | — |  | — |  | — |  | 314 |
Interest rate swap derivative adjustment | 17 |  | — |  | — |  | — |  | 17 |
Total other comprehensive income, net of tax | 1,073 |  | — |  | — |  | — |  | 1,073 |
Total comprehensive income (loss) | $ | 37,298 |  | $ | 29,873 |  | $ | (354 | ) | $ | (29,519 | ) | $ | 37,298 |
Condensed Consolidating Statements of Comprehensive Income (Loss) For the six months ended June 30, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net income | $ | 64,796 |  | $ | 60,347 |  | $ | (496 | ) | $ | (59,851 | ) | $ | 64,796 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Pension adjustments | 1,484 |  | — |  | — |  | — |  | 1,484 |
Natural gas swap derivative adjustments | 321 |  | — |  | — |  | — |  | 321 |
Interest rate swap derivative adjustment | 159 |  | — |  | — |  | — |  | 159 |
Total other comprehensive income | 1,964 |  | — |  | — |  | — |  | 1,964 |
Total comprehensive income (loss) | $ | 66,760 |  | $ | 60,347 |  | $ | (496 | ) | $ | (59,851 | ) | $ | 66,760 |
Guarantor Financial Information Condensed Consolidating Statements Of Cash Flows | Condensed Consolidating Statements of Cash Flows For the six months ended June 29, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 58,823 |  | $ | 57,362 |  | $ | (1,877 | ) | $ | (55,485 | ) | $ | 58,823 |
Earnings in investments in subsidiaries | (55,485 | ) | — |  | — |  | 55,485 |  | — |
Other operating cash flows | 98,273 |  | (29,858 | ) | 1,942 |  | — |  | 70,357 |
Net cash provided by operating activities | 101,611 |  | 27,504 |  | 65 |  | — |  | 129,180 |
Cash flows from investing activities: |  |  |  |  |
Capital expenditures | (24,344 | ) | (30,345 | ) | — |  | — |  | (54,689 | )
Investment in subsidiaries and affiliates | (44,985 | ) | — |  | (44,959 | ) | 44,985 |  | (44,959 | )
Gross proceeds from sale of property, plant and equipment and other assets | 744 |  | 548 |  | — |  | — |  | 1,292 |
Proceeds from insurance settlements | 1,531 |  | 450 |  | — |  | — |  | 1,981 |
Payments related to routes and other intangibles | (649 | ) | — |  | — |  | — |  | (649 | )
Net cash used in investing activities | (67,703 | ) | (29,347 | ) | (44,959 | ) | 44,985 |  | (97,024 | )
Cash flows from financing activities: |  |  |  |  |
Payments on long-term debt | — |  | (40 | ) | — |  | — |  | (40 | )
Issuances of common stock | 32 |  | — |  | — |  | — |  | 32 |
Contributions from parent | — |  | — |  | 44,985 |  | (44,985 | ) | — |
Minimum withholding taxes paid on stock awards | (2,529 | ) | — |  | — |  | — |  | (2,529 | )
Excess tax benefits from stock-based compensation | 703 |  | — |  | — |  | — |  | 703 |
Net cash used in financing activities | (1,794 | ) | (40 | ) | 44,985 |  | (44,985 | ) | (1,834 | )
Net increase/(decrease) in cash and cash equivalents | 32,114 |  | (1,883 | ) | 91 |  | — |  | 30,322 |
Cash and cash equivalents at beginning of year | 96,945 |  | 5,577 |  | 727 |  | — |  | 103,249 |
Cash and cash equivalents at end of year | $ | 129,059 |  | $ | 3,694 |  | $ | 818 |  | $ | — |  | $ | 133,571 |
Condensed Consolidating Statements of Cash Flows For the six months ended June 30, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 64,796 |  | $ | 60,347 |  | $ | (496 | ) | $ | (59,851 | ) | $ | 64,796 |
Earnings in investments in subsidiaries | (59,851 | ) | — |  | — |  | 59,851 |  | — |
Other operating cash flows | 108,858 |  | (30,770 | ) | (924 | ) | — |  | 77,164 |
Net cash provided by operating activities | 113,803 |  | 29,577 |  | (1,420 | ) | — |  | 141,960 |
Cash flows from investing activities: |  |  |  |  |
Capital expenditures | (23,682 | ) | (29,814 | ) | — |  | — |  | (53,496 | )
Acquisitions | (2,000 | ) | — |  | — |  | — |  | (2,000 | )
Investment in subsidiaries and affiliates | (25,542 | ) | — |  | (25,518 | ) | 25,542 |  | (25,518 | )
Gross proceeds from sale of property, plant and equipment and other assets | 1,214 |  | 1,302 |  | — |  | — |  | 2,516 |
Proceeds from insurance settlements | — |  | 900 |  | — |  | — |  | 900 |
Net cash used in investing activities | (50,010 | ) | (27,612 | ) | (25,518 | ) | 25,542 |  | (77,598 | )
Cash flows from financing activities: |  |  |  |  |
Payments on long-term debt | (30,000 | ) | (5 | ) | — |  | — |  | (30,005 | )
Issuances of common stock | 64 |  | — |  | — |  | — |  | 64 |
Contributions from parent | — |  | — |  | 25,542 |  | (25,542 | ) | — |
Minimum withholding taxes paid on stock awards | (2,214 | ) | — |  | — |  | — |  | (2,214 | )
Excess tax benefits from stock-based compensation | 1,111 |  | — |  | — |  | — |  | 1,111 |
Net cash used in financing activities | (31,039 | ) | (5 | ) | 25,542 |  | (25,542 | ) | (31,044 | )
Net increase/(decrease) in cash and cash equivalents | 32,754 |  | 1,960 |  | (1,396 | ) | — |  | 33,318 |
Cash and cash equivalents at beginning of year | 35,207 |  | 1,773 |  | 1,956 |  | — |  | 38,936 |
Cash and cash equivalents at end of year | $ | 67,961 |  | $ | 3,733 |  | $ | 560 |  | $ | — |  | $ | 72,254 |

X
- Details
Name: | dar_GuarantorFinancialInformationAbstract
Namespace Prefix: | dar_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Guarantor Financial Information Condensed Consolidating Balance Sheet [Table Text Block] + References No definition available. + Details
Name: | dar_GuarantorFinancialInformationCondensedConsolidatingBalanceSheetTableTextBlock
Namespace Prefix: | dar_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Guarantor Financial Information Condensed Consolidating Statements Of Cash Flows [Table Text Block] + References No definition available. + Details
Name: | dar_GuarantorFinancialInformationCondensedConsolidatingStatementsOfCashFlowsTableTextBlock
Namespace Prefix: | dar_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Guarantor Financial Information Condensed Consolidating Statements of Comprehensive Income (Loss) [Table Text Block] + References No definition available. + Details
Name: | dar_GuarantorFinancialInformationCondensedConsolidatingStatementsOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | dar_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Guarantor Financial Information Condensed Consolidating Statements Of Operations [Table Text Block] + References No definition available. + Details
Name: | dar_GuarantorFinancialInformationCondensedConsolidatingStatementsOfOperationsTableTextBlock
Namespace Prefix: | dar_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration