

	Year Ended December 31, 2016
	First Quarter (a)			Second Quarter (a)			Third Quarter			Fourth Quarter (b)
Net sales	$	779,641		$	877,341		$	853,856		$	887,277
Operating income	26,692			54,467			35,528			35,380
Income from operations before income taxes	4,526			41,974			28,146			47,893
Net income	2,663			33,991			28,890			41,680
Net (income)/loss attributable to minority interests	(1,584		)	(1,992		)	(196		)	(1,139		)
Net income/(loss) attributable to Darling	1,079			31,999			28,694			40,541
Basic earnings per share	0.01			0.19			0.17			0.25
Diluted earnings per share	0.01			0.19			0.17			0.25


(a)	Included in net income are $0.3 million in integration costs in the first quarter of fiscal 2016, $0.1 million in integration costs in the second quarter of fiscal 2016 primarily relating to the integration of the Company's Canadian subsidiary Rothsay (“Rothsay”).


(b)	Included in net income is approximately $5.6 million related to a recorded insurance settlement gain in the Netherlands relating to a December 2015 casualty fire.



	Year Ended January 2, 2016
	First Quarter (c)			Second Quarter (c), (d)			Third Quarter (c)			Fourth Quarter (c), (d)
Net sales	$	874,694		$	859,315		$	853,762		$	809,675
Operating income	31,825			39,292			38,808			32,719
Income from operations before income taxes	3,939			9,602			502			84,737
Net income	1,824			4,937			(7,357		)	85,875
Net (income)/loss attributable to minority interests	(1,715		)	(1,857		)	(1,730		)	(1,446		)
Net income/(loss) attributable to Darling	109			3,080			(9,087		)	84,429
Basic earnings per share	—			0.02			(0.06		)	0.51
Diluted earnings per share	—			0.02			(0.06		)	0.51


(c)	Included in net income are $5.3 million in integration costs in the first quarter of fiscal 2015, $1.2 million in integration costs in the second quarter of fiscal 2015, $1.3 million in integration costs in the third quarter of fiscal 2015 and $0.5 million in the fourth quarter of fiscal 2015 primarily relating to the integration of Darling Ingredients International and Rothsay.

(d)

Included in net income in the second quarter of fiscal 2015 is approximately $10.6 million for the write-off of deferred loan costs resulting from the payoff of the Euro Term Loan B. Additionally, included in net income for the fourth quarter of fiscal 2015 were the Company's portion of all blenders tax credit recorded by the DGD Joint Venture and the Company's other processing facilities, which amounted to approximately$85.4 million.