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Business Segments (Tables)

9 Months Ended

Sep. 28, 2019

Segment Reporting [Abstract]

Business Segments

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Three Months Ended September 28, 2019
Net Sales	$	496,978		$	276,467		$	68,604		$	—		$	842,049
Cost of sales and operating expenses	379,792			214,643			58,488			—			652,923
Gross Margin	117,186			61,824			10,116			—			189,126
Loss/(gain) on sale of assets	(2,429		)	(253		)	13			—			(2,669		)
Selling, general and administrative expenses	47,319			22,811			912			12,507			83,549
Depreciation and amortization	50,182			19,743			7,895			2,587			80,407
Equity in net income of Diamond Green Diesel	—			—			32,020			—			32,020
Segment operating income/(loss)	22,114			19,523			33,316			(15,094		)	59,859
Equity in net loss of other unconsolidated subsidiaries	(665		)	—			—			—			(665		)
Segment income/(loss)	21,449			19,523			33,316			(15,094		)	59,194
Total other expense													(21,507		)
Income before income taxes													$	37,687

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Three Months Ended September 29, 2018
Net Sales	$	482,744		$	265,208		$	64,624		$	—		$	812,576
Cost of sales and operating expenses	383,739			210,730			53,460			—			647,929
Gross Margin	99,005			54,478			11,164			—			164,647
Loss/(gain) on sale of assets	107			(33		)	98			—			172
Selling, general and administrative expenses	39,702			21,843			(2,822		)	8,724			67,447
Depreciation and amortization	47,321			19,697			9,370			2,454			78,842
Equity in net loss of Diamond Green Diesel	—			—			(2,630		)	—			(2,630		)
Segment operating income/(loss)	11,875			12,971			1,888			(11,178		)	15,556
Equity in net loss of other unconsolidated subsidiaries	(162		)	—			—			—			(162		)
Segment income/(loss)	11,713			12,971			1,888			(11,178		)	15,394
Total other expense													(21,934		)
Loss before income taxes													$	(6,540	)

 

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Nine Months Ended September 28, 2019
Net Sales	$	1,480,244		$	830,466		$	193,767		$	—		$	2,504,477
Cost of sales and operating expenses	1,143,606			643,091			161,855			—			1,948,552
Gross Margin	336,638			187,375			31,912			—			555,925
Loss (gain) on sale of assets	(7,343		)	(13,518		)	16			—			(20,845		)
Selling, general and administrative expense	142,615			68,129			583			38,242			249,569
Depreciation and amortization	148,271			59,115			24,055			7,616			239,057
Equity in net income of Diamond Green Diesel	—			—			94,390			—			94,390
Segment operating income/(loss)	53,095			73,649			101,648			(45,858		)	182,534
Equity in net loss of other unconsolidated subsidiaries	(1,087		)	—			—			—			(1,087		)
Segment income/(loss)	52,008			73,649			101,648			(45,858		)	181,447
Total other expense													(80,026		)
Income before income taxes													$	101,421
Segment assets at September 28, 2019	$	2,592,298		$	1,307,422		$	789,692		$	255,487		$	4,944,899

	Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Nine Months Ended September 29, 2018
Net Sales	$	1,467,365		$	847,457		$	219,774		$	—		$	2,534,596
Cost of sales and operating expenses	1,123,196			684,962			170,571			—			1,978,729
Gross Margin	344,169			162,495			49,203			—			555,867
Loss (gain) on sale of assets	526			(244		)	190			—			472
Selling, general and administrative expense	131,914			67,894			(4,056		)	37,155			232,907
Restructuring and impairment charges	—			14,965			—			—			14,965
Depreciation and amortization	140,933			60,725			26,378			7,879			235,915
Equity in net income of Diamond Green Diesel	—			—			109,655			—			109,655
Segment operating income/(loss)	70,796			19,155			136,346			(45,034		)	181,263
Equity in net loss of other unconsolidated subsidiaries	(57		)	—			—			—			(57		)
Segment income/(loss)	70,739			19,155			136,346			(45,034		)	181,206
Total other expense													(113,414		)
Income before income taxes													$	67,792
Segment assets at December 29, 2018	$	2,566,106		$	1,401,291		$	761,817		$	160,140		$	4,889,354

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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