XML 44 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Apr. 04, 2015
Mar. 29, 2014
Cash flows from operating activities:    
Net income/(loss) $ 1,824us-gaap_ProfitLoss $ (51,006)us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 66,398us-gaap_DepreciationAndAmortization 65,669us-gaap_DepreciationAndAmortization
Loss/(gain) on disposal of property, plant, equipment and other assets 47us-gaap_GainLossOnDispositionOfAssets1 (916)us-gaap_GainLossOnDispositionOfAssets1
Gain on insurance proceeds from insurance settlements (341)dar_GainLossonInsuranceProceedsfromInsuranceSettlements 0dar_GainLossonInsuranceProceedsfromInsuranceSettlements
Deferred taxes 503us-gaap_DeferredIncomeTaxExpenseBenefit (9,499)us-gaap_DeferredIncomeTaxExpenseBenefit
Increase/(decrease) in long-term pension liability 261dar_IncreaseDecreaseInLongTermPensionLiability (688)dar_IncreaseDecreaseInLongTermPensionLiability
Stock-based compensation expense 1,282us-gaap_ShareBasedCompensation 8,459us-gaap_ShareBasedCompensation
Write-off deferred loan costs 0us-gaap_GainsLossesOnExtinguishmentOfDebt 4,330us-gaap_GainsLossesOnExtinguishmentOfDebt
Deferred loan cost amortization 2,409us-gaap_AmortizationOfFinancingCosts 2,452us-gaap_AmortizationOfFinancingCosts
Equity in net (income)/loss of unconsolidated subsidiaries 1,808us-gaap_IncomeLossFromEquityMethodInvestments (5,077)us-gaap_IncomeLossFromEquityMethodInvestments
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable 12,269us-gaap_IncreaseDecreaseInAccountsReceivable 7,018us-gaap_IncreaseDecreaseInAccountsReceivable
Income taxes refundable/payable (1,857)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable (11,739)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Inventories and prepaid expenses (26,511)dar_IncreaseDecreaseinInventoriesandPrepaidExpenses 16,700dar_IncreaseDecreaseinInventoriesandPrepaidExpenses
Accounts payable and accrued expenses (19,985)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (63,824)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Other 21,133us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 7,617us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided/(used) by operating activities 59,240us-gaap_NetCashProvidedByUsedInOperatingActivities (30,504)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Capital expenditures (50,838)us-gaap_PaymentsToAcquireProductiveAssets (51,360)us-gaap_PaymentsToAcquireProductiveAssets
Acquisitions, net of cash acquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (2,081,690)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Gross proceeds from disposal of property, plant and equipment and other assets 534dar_GrossProceedsFromDisposalOfPropertyPlantAndEquipmentAndOtherAssets 1,324dar_GrossProceedsFromDisposalOfPropertyPlantAndEquipmentAndOtherAssets
Proceeds from insurance settlement 341us-gaap_ProceedsFromInsuranceSettlementInvestingActivities 0us-gaap_ProceedsFromInsuranceSettlementInvestingActivities
Payments related to routes and other intangibles (753)us-gaap_PaymentsToAcquireIntangibleAssets (6,812)us-gaap_PaymentsToAcquireIntangibleAssets
Net cash used by investing activities (50,716)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,138,538)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Proceeds from long-term debt 5,943us-gaap_ProceedsFromIssuanceOfLongTermDebt 1,797,509us-gaap_ProceedsFromIssuanceOfLongTermDebt
Payments on long-term debt (13,602)us-gaap_RepaymentsOfLongTermDebt (263,971)us-gaap_RepaymentsOfLongTermDebt
Borrowings from revolving credit facility 27,428us-gaap_ProceedsFromLongTermLinesOfCredit 223,310us-gaap_ProceedsFromLongTermLinesOfCredit
Payments on revolving credit facility (37,943)us-gaap_RepaymentsOfLongTermLinesOfCredit (273,474)us-gaap_RepaymentsOfLongTermLinesOfCredit
Net cash overdraft financing 31,162us-gaap_ProceedsFromRepaymentsOfBankOverdrafts 0us-gaap_ProceedsFromRepaymentsOfBankOverdrafts
Deferred loan costs 0us-gaap_PaymentsOfDebtIssuanceCosts (38,786)us-gaap_PaymentsOfDebtIssuanceCosts
Issuance of common stock 81us-gaap_ProceedsFromIssuanceOfCommonStock 2,504us-gaap_ProceedsFromIssuanceOfCommonStock
Minimum withholding taxes paid on stock awards (4,469)dar_MinimumWithholdingTaxesPaidOnStockAwards (4,709)dar_MinimumWithholdingTaxesPaidOnStockAwards
Excess tax benefits from stock-based compensation (35)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 960us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Distributions to noncontrolling interests (38)us-gaap_PaymentsToMinorityShareholders 0us-gaap_PaymentsToMinorityShareholders
Net cash provided by financing activities 8,527us-gaap_NetCashProvidedByUsedInFinancingActivities 1,443,343us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (13,704)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (1,736)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase/(decrease) in cash and cash equivalents 3,347us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (727,435)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 108,784us-gaap_CashAndCashEquivalentsAtCarryingValue 870,857us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 112,131us-gaap_CashAndCashEquivalentsAtCarryingValue 143,422us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Accrued capital expenditures 2,164us-gaap_CapitalExpendituresIncurredButNotYetPaid 1,437us-gaap_CapitalExpendituresIncurredButNotYetPaid
Cash paid during the period for:    
Interest, net of capitalized interest 26,118us-gaap_InterestPaidNet 35,472us-gaap_InterestPaidNet
Income taxes, net of refunds $ 5,149us-gaap_IncomeTaxesPaidNet $ 5,466us-gaap_IncomeTaxesPaidNet