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Business Segments
 6 Months Ended
Jun. 29, 2013
Segment Reporting [Abstract]  
Business Segments
Business Segments

The Company sells its products domestically and internationally and operates within two industry segments: Rendering and Bakery. The measure of segment profit (loss) includes all revenues, operating expenses (excluding certain amortization of intangibles), and selling, general and administrative expenses incurred at all operating locations and excludes general corporate expenses.

Included in corporate activities are general corporate expenses and the amortization of intangibles. Assets of corporate activities include cash, unallocated prepaid expenses, deferred tax assets, prepaid pension, and miscellaneous other assets.

Rendering
Rendering operations process animal by-products and used cooking oil into fats (primarily BFT, PG and YG), protein (primarily MBM and PM (feed grade and pet food)) and hides. Fat was approximately $186.3 million and $226.1 million of net sales for the three months ended June 29, 2013 and June 30, 2012, respectively and approximately $385.5 million and $420.1 million of net sales for the six months ended June 29, 2013 and June 30, 2012, respectively. Protein was approximately $138.1 million and $121.3 million of net sales for the three months ended June 29, 2013 and June 30, 2012, respectively and approximately $277.0 million and $224.8 million of net sales for the six months ended June 29, 2013 and June 30, 2012, respectively. Rendering also provides grease trap servicing. Included in the Rendering Segment is the National Service Center (“NSC”). The NSC schedules services such as fat and bone and used cooking oil collection and trap cleaning for contracted customers using the Company's resources or third-party providers.

Bakery
Bakery products are collected from large commercial bakeries that produce a variety of products, including cookies, crackers, cereal, bread, dough, potato chips, pretzels, sweet goods and biscuits, among others. The Company processes the raw materials into BBP, including Cookie Meal®, an animal feed ingredient primarily used in poultry rations.

Business Segment Net Sales (in thousands):
 
 
Three Months Ended
Six Months Ended
 
June 29,
2013
June 30,
2012
June 29,
2013
June 30,
2012
Rendering
$
350,597

$
371,481

$
717,771

$
693,793

Bakery
72,996

65,193

151,244

129,989

Total
$
423,593

$
436,674

$
869,015

$
823,782



Business Segment Profit/(Loss) (in thousands):

 
 
Three Months Ended
Six Months Ended
 
June 29, 2013
June 30, 2012
June 29, 2013
June 30, 2012
Rendering
$
60,219

$
73,061

$
131,898

$
137,639

Bakery
13,743

13,093

28,183

24,145

Corporate Activities
(41,875
)
(44,176
)
(89,964
)
(84,310
)
Interest expense
(5,669
)
(5,753
)
(11,294
)
(12,678
)
Net Income
$
26,418

$
36,225

$
58,823

$
64,796


 
Business Segment Assets (in thousands):

 
 
June 29,
2013
December 29,
2012
Rendering
$
1,090,732

$
1,088,775

Bakery
170,188

170,566

Corporate Activities
380,905

293,075

Total
$
1,641,825

$
1,552,416