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Business Segments
 12 Months Ended
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