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Revenue (Tables)

9 Months Ended

Sep. 29, 2018

Revenue from Contract with Customer [Abstract]

Schedule of impact of adopting Topic 606

The following table summarizes the impact of adopting Topic 606 on the Company's consolidated financial statements for the three and nine months ended September 29, 2018 (in thousands):

	Impact of changes in accounting policies
	As reported				Adjustments			Balances without adoption of Topic 606
Three Months Ended September 29, 2018
Net sales	$	812,576			39,763			$	852,339
Cost of sales and operating expenses	$	648,101			39,763			$	687,864
Nine Months Ended September 29, 2018
Net sales	$	2,534,596			131,399			$	2,665,995
Cost of sales and operating expenses	$	1,979,201			131,399			$	2,110,600

Disaggregation of Revenue

The following tables presents the Company revenues disaggregated by geographic area and major product types by reportable segment for the three and nine months ended September 29, 2018 and September 30, 2017 (in thousands):

	Three Months Ended September 29, 2018
	Feed Ingredients			Food Ingredients			Fuel Ingredients			Total
Geographic Area
North America	$	388,088		$	45,538		$	8,616		$	442,242
Europe	81,381			146,872			56,008			284,261
China	11,199			43,185			—			54,384
South America	—			11,579			—			11,579
Other	2,076			18,034			—			20,110
Net sales	$	482,744		$	265,208		$	64,624		$	812,576
Major product types
Fats	$	142,453		$	39,172		$	—		$	181,625
Used cooking oil	38,863			—			—			38,863
Proteins	216,316			—			—			216,316
Bakery	44,638			—			—			44,638
Other rendering	27,519			—			—			27,519
Food ingredients	—			206,504			—			206,504
Bioenergy	—			—			56,008			56,008
Biofuels	—			—			8,616			8,616
Other	12,955			19,532			—			32,487
Net sales	$	482,744		$	265,208		$	64,624		$	812,576

	Nine Months Ended September 29, 2018
	Feed Ingredients			Food Ingredients			Fuel Ingredients			Total
Geographic Area
North America	$	1,186,866		$	135,803		$	40,668		$	1,363,337
Europe	251,495			490,133			179,106			920,734
China	23,279			132,578			—			155,857
South America	—			35,839			—			35,839
Other	5,725			53,104			—			58,829
Net sales	$	1,467,365		$	847,457		$	219,774		$	2,534,596
Major product types
Fats	$	423,148		$	122,806		$	—		$	545,954
Used cooking oil	123,555			—			—			123,555
Proteins	641,178			—			—			641,178
Bakery	135,871			—			—			135,871
Other rendering	87,860			—			—			87,860
Food ingredients	—			657,793			—			657,793
Bioenergy	—			—			179,106			179,106
Biofuels	—			—			40,668			40,668
Other	55,753			66,858			—			122,611
Net sales	$	1,467,365		$	847,457		$	219,774		$	2,534,596

	Three Months Ended September 30, 2017 (a)
	Feed Ingredients			Food Ingredients			Fuel Ingredients			Total
Geographic Area Revenues
North America	$	431,844		$	50,446		$	13,621		$	495,911
Europe	129,737			172,160			48,235			350,132
China	11,552			41,967			—			53,519
South America	—			14,072			—			14,072
Other	2,410			20,218			—			22,628
Net sales	$	575,543		$	298,863		$	61,856		$	936,262
Major product types
Fats	$	166,197		$	47,889		$	—		$	214,086
Used cooking oil	46,578			—			—			46,578
Proteins	219,091			—			—			219,091
Bakery	51,840			—			—			51,840
Other rendering	68,243			—			—			68,243
Food ingredients	—			223,717			—			223,717
Bioenergy	—			—			48,235			48,235
Biofuels	—			—			13,621			13,621
Other	23,594			27,257			—			50,851
Net sales	$	575,543		$	298,863		$	61,856		$	936,262

	Nine Months Ended September 30, 2017 (b)
	Feed Ingredients			Food Ingredients			Fuel Ingredients			Total
Geographic Area Revenues
North America	$	1,270,244		$	145,009		$	32,570		$	1,447,823
Europe	377,589			479,070			156,348			1,013,007
China	23,496			124,850			—			148,346
South America	—			39,153			—			39,153
Other	5,957			55,416			—			61,373
Net sales	$	1,677,286		$	843,498		$	188,918		$	2,709,702
Major product types
Fats	$	484,437		$	132,349		$	—		$	616,786
Used cooking oil	136,081			—			—			136,081
Proteins	612,992			—			—			612,992
Bakery	159,528			—			—			159,528
Other rendering	215,398			—			—			215,398
Food ingredients	—			642,124			—			642,124
Bioenergy	—			—			156,348			156,348
Biofuels	—			—			32,570			32,570
Other	68,850			69,025			—			137,875
Net sales	$	1,677,286		$	843,498		$	188,918		$	2,709,702

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

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Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

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-URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305

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