XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.19.2

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
--- | ---
Jun. 29, 2019
Accounting Policies [Abstract] |
Reconciliation of Cash, Cash Equivalents and Restricted Cash | The following table provides a reconciliation of cash, cash equivalents and restricted cash on the consolidated balance sheet that sum to the total of the same amounts shown in the consolidated statement of cash flows (in thousands):
|  | June 29, 2019 | December 29, 2018
Cash and cash equivalents |  | $ | 87,011 |  | $ | 107,262 |
Restricted cash |  | 103 |  | 107 |
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flow |  | $ | 87,114 |  | $ | 107,369 |
Net Income per Common Share | Basic income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares including non-vested and restricted shares outstanding during the period. Diluted income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares outstanding during the period increased by dilutive common equivalent shares determined using the treasury stock method.
| Net Income/(loss) per Common Share (in thousands, except per share data)
| Three Months Ended
|  |  | June 29, 2019 |  |  |  |  |  | June 30, 2018 |  |
| Income |  | Shares |  | Per Share |  | Loss |  | Shares |  | Per Share
Basic: |  |  |  |  |  |  |  |  |  |  |
Net Income (loss) attributable to Darling | $ | 26,258 |  |  | 164,935 |  |  | $ | 0.16 |  |  | $ | (30,420 | ) |  | 164,651 |  |  | $ | (0.18 | )
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Add: Option shares in the money and dilutive effect of non-vested stock awards |  |  |  | 5,801 |  |  |  |  |  |  |  |  | — |  |  |  |
Less: Pro forma treasury shares |  |  |  | (2,304 | ) |  |  |  |  |  |  |  | — |  |  |  |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Darling | $ | 26,258 |  |  | 168,432 |  |  | $ | 0.16 |  |  | $ | (30,420 | ) |  | 164,651 |  |  | $ | (0.18 | )
| Net Income per Common Share (in thousands, except per share data)
| Six Months Ended
|  |  | June 29, 2019 |  |  |  |  |  | June 30, 2018 |  |
| Income |  | Shares |  | Per Share |  | Income |  | Shares |  | Per Share
Basic: |  |  |  |  |  |  |  |  |  |  |
Net Income attributable to Darling | $ | 44,270 |  |  | 164,895 |  |  | $ | 0.27 |  |  | $ | 66,885 |  |  | 164,774 |  |  | $ | 0.41 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Add: Option shares in the money and dilutive effect of non-vested stock awards |  |  |  | 5,964 |  |  |  |  |  |  |  |  | 2,536 |  |  |  |
Less: Pro forma treasury shares |  |  |  | (2,313 | ) |  |  |  |  |  |  |  | (1,051 | ) |  |  |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Darling | $ | 44,270 |  |  | 168,546 |  |  | $ | 0.26 |  |  | $ | 66,885 |  |  | 166,259 |  |  | $ | 0.40 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI http://asc.fasb.org/topic&trid=2134446 + Details
Name: | us-gaap_CashFlowSupplementalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration