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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 28, 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):

		September 28, 2019			December 29, 2018
Cash and cash equivalents		$	69,122		$	107,262
Restricted cash		159			107
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flow		$	69,281		$	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
					September 28, 2019											September 29, 2018
	Income				Shares			Per Share				Loss				Shares			Per Share
Basic:
Net Income (loss) attributable to Darling	$	25,721			164,747			$	0.16			$	(6,037	)		164,656			$	(0.04	)
Diluted:
Effect of dilutive securities:
Add: Option shares in the money and dilutive effect of non-vested stock awards					5,725											—
Less: Pro forma treasury shares					(2,206	)										—
Diluted:
Net income (loss) attributable to Darling	$	25,721			168,266			$	0.15			$	(6,037	)		164,656			$	(0.04	)

	Net Income per Common Share (in thousands, except per share data)
	Nine Months Ended
					September 28, 2019											September 29, 2018
	Income				Shares			Per Share				Income				Shares			Per Share
Basic:
Net Income attributable to Darling	$	69,991			164,846			$	0.42			$	60,848			164,784			$	0.37
Diluted:
Effect of dilutive securities:
Add: Option shares in the money and dilutive effect of non-vested stock awards					5,885											1,690
Less: Pro forma treasury shares					(2,278	)										(700	)
Diluted:
Net income attributable to Darling	$	69,991			168,453			$	0.42			$	60,848			165,774			$	0.37

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- 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

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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
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