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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 87,011 $ 107,262
Restricted cash 103 107
Accounts receivable, net 357,671 385,737
Inventories 348,309 341,028
Prepaid expenses 44,363 35,247
Income taxes refundable 5,554 6,462
Other current assets 24,127 22,099
Total current assets 867,138 897,942
Property, plant and equipment, less accumulated depreciation of $1,343,741 at June 29, 2019 and $1,246,095 at December 29, 2018 1,722,296 1,687,858
Intangible assets, less accumulated amortization of $448,654 at June 29, 2019 and $423,575 at December 29, 2018 565,976 595,862
Goodwill 1,233,486 1,229,159
Investment in unconsolidated subsidiaries 458,032 410,177
Operating right-of-use assets, net 120,950 0
Other assets 54,353 53,375
Deferred income taxes 14,365 14,981
Total assets 5,036,596 4,889,354
Current liabilities:    
Current portion of long-term debt 35,877 7,492
Accounts payable, principally trade 208,901 219,479
Income taxes payable 10,291 4,043
Operating lease liability, current 36,703 0
Accrued expenses 274,534 309,484
Total current liabilities 566,306 540,498
Long-term debt, net of current portion 1,640,056 1,666,940
Operating lease liability, non-current 83,440 0
Other non-current liabilities 113,086 115,032
Deferred income taxes 227,073 231,063
Total liabilities 2,629,961 2,553,533
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 250,000,000 shares authorized; 168,410,054 and 168,098,177 shares issued at June 29, 2019 and at December 29, 2018, respectively 1,684 1,681
Additional paid-in capital 1,552,301 1,536,157
Treasury stock, at cost; 3,661,004 and 3,437,579 shares at June 29, 2019 and at December 29, 2018, respectively (52,848) (47,756)
Accumulated other comprehensive loss (290,001) (304,539)
Retained earnings 1,131,775 1,087,505
Total Darling's stockholders’ equity 2,342,911 2,273,048
Noncontrolling interests 63,724 62,773
Total stockholders' equity 2,406,635 2,335,821
Total liabilities and stockholders' equity $ 5,036,596 $ 4,889,354