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Business Segments (Tables)

6 Months Ended

Jul. 01, 2017

Segment Reporting [Abstract]

Business Segments

Business Segments (in thousands):

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Three Months Ended July 1, 2017
Net Sales	$	549,119		$	279,827		$	67,402		$	—		$	896,348
Cost of sales and operating expenses	422,236			223,830			54,698			—			700,764
Gross Margin	126,883			55,997			12,704			—			195,584
Selling, general and administrative expense	43,506			26,788			2,902			12,335			85,531
Depreciation and amortization	44,354			18,184			7,715			2,737			72,990
Segment operating income/(loss)	39,023			11,025			2,087			(15,072		)	37,063
Equity in net income of unconsolidated subsidiaries	131			—			8,129			—			8,260
Segment income/(loss)	39,154			11,025			10,216			(15,072		)	45,323
Total other expense													(27,253		)
Income before income taxes													$	18,070

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Three Months Ended July 2, 2016
Net Sales	$	542,955		$	272,120		$	62,266		$	—		$	877,341
Cost of sales and operating expenses	416,145			214,279			46,691			—			677,115
Gross Margin	126,810			57,841			15,575			—			200,226
Selling, general and administrative expense	43,319			20,455			1,804			10,580			76,158
Acquisition and integration costs	—			—			—			70			70
Depreciation and amortization	42,119			17,736			7,184			2,492			69,531
Segment operating income/(loss)	41,372			19,650			6,587			(13,142		)	54,467
Equity in net income of unconsolidated subsidiaries	224			—			13,628			—			13,852
Segment income/(loss)	41,596			19,650			20,215			(13,142		)	68,319
Total other expense													(26,345		)
Income before income taxes													$	41,974

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Six Months Ended July 1, 2017
Net Sales	$	1,101,743		$	547,615		$	127,062		$	—		$	1,776,420
Cost of sales and operating expenses	854,846			434,831			100,714			—			1,390,391
Gross Margin	246,897			112,784			26,348			—			386,029
Selling, general and administrative expense	88,973			51,847			6,193			26,435			173,448
Depreciation and amortization	88,073			35,785			14,560			5,686			144,104
Segment operating income/(loss)	69,851			25,152			5,595			(32,121		)	68,477
Equity in net income of unconsolidated subsidiaries	240			—			8,726			—			8,966
Segment income/(loss)	70,091			25,152			14,321			(32,121		)	77,443
Total other expense													(50,157		)
Income before income taxes													$	27,286
Segment assets at July 1, 2017	$	2,542,793		$	1,466,675		$	658,039		$	162,369		$	4,829,876

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Six Months Ended July 2, 2016
Net Sales	$	1,019,126		$	520,017		$	117,839		$	—		$	1,656,982
Cost of sales and operating expenses	788,802			399,833			87,373			—			1,276,008
Gross Margin	230,324			120,184			30,466			—			380,974
Selling, general and administrative expense	88,570			44,214			3,654			21,189			157,627
Acquisition and integration costs	—			—			—			401			401
Depreciation and amortization	86,496			34,440			14,103			6,748			141,787
Segment operating income/(loss)	55,258			41,530			12,709			(28,338		)	81,159
Equity in net income of unconsolidated subsidiaries	326			—			19,169			—			19,495
Segment income/(loss)	55,584			41,530			31,878			(28,338		)	100,654
Total other expense													(54,154		)
Income before income taxes													$	46,500
Segment assets at December 31, 2016	$	2,464,509		$	1,414,409		$	657,637		$	161,462		$	4,698,017

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: 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=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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