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Business Segments | 12 Months Ended
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Dec. 28, 2013
Segment Reporting [Abstract] |
BUSINESS SEGMENTS | BUSINESS SEGMENTS Effective January 2, 2011, as a result of the acquisition of Griffin, the Company's business operations were reorganized into two new segments, Rendering and Bakery, in order to better align its business with the underlying markets and customers that the Company serves. All historical periods have been restated for the changes to the segment reporting structure. The Company sells its products domestically and internationally. 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 $777.9 million, $809.7 million and $950.8 million of net sales for the year ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. Protein was approximately $552.9 million, $496.2 million and $447.7 million of net sales for the year ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. Rendering also provides grease trap servicing. Included in Rendering 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 by-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 Revenues (in thousands):
| Year Ended
| December 28, 2013 |  | December 29, 2012 |  | December 31, 2011
Rendering | $ | 1,457,609 |  |  | $ | 1,406,061 |  |  | $ | 1,501,280 |
Bakery | 265,941 |  |  | 295,368 |  |  | 295,969 |
Total | $ | 1,723,550 |  |  | $ | 1,701,429 |  |  | $ | 1,797,249 |
Business Segment Profit/(Loss) (in thousands):
| Year Ended
| December 28, 2013 |  | December 29, 2012 |  | December 31, 2011
Rendering | $ | 244,482 |  |  | $ | 267,511 |  |  | $ | 329,791 |
Bakery | 41,214 |  |  | 57,126 |  |  | 62,259 |
Corporate Activities | (138,621 | ) |  | (169,813 | ) |  | (185,469 | )
Interest expense | $ | (38,108 | ) |  | $ | (24,054 | ) |  | $ | (37,163 | )
Net income | $ | 108,967 |  |  | $ | 130,770 |  |  | $ | 169,418 |
Business Segment Assets (in thousands):
| December 28, 2013 |  | December 29, 2012
Rendering | $ | 1,884,010 |  |  | $ | 1,107,052 |
Bakery | 167,161 |  |  | 170,566 |
Corporate Activities | 1,192,962 |  |  | 274,798 |
Total | $ | 3,244,133 |  |  | $ | 1,552,416 |
Business Segment Property, Plant and Equipment (in thousands):
| December 28, 2013 |  | December 29, 2012 |  | December 31, 2011
Depreciation and amortization: |  |  |  |  |
Rendering | $ | 80,482 |  |  | $ | 66,964 |  |  | $ | 66,412 |
Bakery | 10,486 |  |  | 10,711 |  |  | 8,647 |
Corporate Activities | 7,819 |  |  | 7,696 |  |  | 3,850 |
Total | $ | 98,787 |  |  | $ | 85,371 |  |  | $ | 78,909 |
Capital expenditures: |  |  |  |  |
Rendering | $ | 75,612 |  |  | $ | 70,873 |  |  | $ | 51,888 |
Bakery | 9,166 |  |  | 13,537 |  |  | 6,247 |
Corporate Activities | 33,529 |  |  | 31,003 |  |  | 2,018 |
Total (a) | $ | 118,307 |  |  | $ | 115,413 |  |  | $ | 60,153 |
(a) | Excludes the capital assets acquired as part of the acquisition of assets related to the Terra Transaction and the Rothsay Acquisition in fiscal 2013 of approximately $167.0 million and the BioPur acquisition in fiscal 2012 of approximately $0.6 million.
Geographic Area Net Trade Revenues (in thousands):
| December 28, 2013 |  | December 29, 2012 |  | December 31, 2011
Domestic | $ | 1,683,078 |  |  | $ | 1,687,004 |  |  | $ | 1,769,765 |
Canada | 32,397 |  |  | — |  |  | — |
Mexico | 8,075 |  |  | 14,425 |  |  | 27,484 |
Total | $ | 1,723,550 |  |  | $ | 1,701,429 |  |  | $ | 1,797,249 |
The Company attributes revenues from external customers to individual foreign countries based on the origin of the Company's shipments. Prior to fiscal 2013, the Company did not have significant operations outside of the U.S. During fiscal 2013, the Company began operations in Canada through the acquisiton of Rothsay. Net sales and long-lived assets related to the Company's operations in the U.S. and Canada were as follows (in thousands):
| Fiscal Year 2013
| Sales |  | Long-Lived Assets
United States | $ | 1,691,153 |  |  | $ | 1,490,833 |
Canada | 32,397 |  |  | 625,797 |
Total | $ | 1,723,550 |  |  | $ | 2,116,630 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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