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Business Segments (Tables) | 3 Months Ended
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Apr. 03, 2021
Segment Reporting [Abstract] |
Business Segments | Business Segments (in thousands):
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Three Months Ended April 3, 2021 |  |  |  |  |
Net Sales | $ | 651,444 |  | $ | 298,065 |  | $ | 97,207 |  | $ | — |  | $ | 1,046,716 |
Cost of sales and operating expenses | 474,581 |  | 226,413 |  | 71,790 |  | — |  | 772,784 |
Gross Margin | 176,863 |  | 71,652 |  | 25,417 |  | — |  | 273,932 |
Loss/(gain) on sale of assets | (139) |  | 55 |  | 20 |  | — |  | (64) |
Selling, general and administrative expense | 52,620 |  | 25,191 |  | 4,867 |  | 14,720 |  | 97,398 |
Restructuring and asset impairment charges | — |  | — |  | 778 |  | — |  | 778 |
Depreciation and amortization | 54,609 |  | 14,883 |  | 6,155 |  | 2,887 |  | 78,534 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 102,225 |  | — |  | 102,225 |
Segment operating income/(loss) | 69,773 |  | 31,523 |  | 115,822 |  | (17,607) |  | 199,511 |
Equity in net income of other unconsolidated subsidiaries | 612 |  | — |  | — |  | — |  | 612 |
Segment income/(loss) | 70,385 |  | 31,523 |  | 115,822 |  | (17,607) |  | 200,123 |
Total other expense |  |  |  |  | (17,997) |
Income before income taxes |  |  |  |  | $ | 182,126 |
Segment assets at April 3, 2021 | $ | 2,708,035 |  | $ | 1,235,547 |  | $ | 1,229,461 |  | $ | 418,404 |  | $ | 5,591,447 |
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Three Months Ended March 28, 2020 |  |  |  |  |
Net Sales | $ | 512,625 |  | $ | 270,294 |  | $ | 69,923 |  | $ | — |  | $ | 852,842 |
Cost of sales and operating expenses | 388,453 |  | 205,430 |  | 53,025 |  | — |  | 646,908 |
Gross Margin | 124,172 |  | 64,864 |  | 16,898 |  | — |  | 205,934 |
Loss on sale of assets | 50 |  | 2 |  | 9 |  | — |  | 61 |
Selling, general and administrative expense | 53,947 |  | 25,476 |  | 1,654 |  | 15,116 |  | 96,193 |
Depreciation and amortization | 53,521 |  | 20,305 |  | 8,092 |  | 2,753 |  | 84,671 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 97,820 |  | — |  | 97,820 |
Segment operating income/(loss) | 16,654 |  | 19,081 |  | 104,963 |  | (17,869) |  | 122,829 |
Equity in net income of other unconsolidated subsidiaries | 869 |  | — |  | — |  | — |  | 869 |
Segment income/(loss) | 17,523 |  | 19,081 |  | 104,963 |  | (17,869) |  | 123,698 |
Total other expense |  |  |  |  | (19,307) |
Income before income taxes |  |  |  |  | $ | 104,391 |
Segment assets at January 2, 2021 | $ | 2,708,922 |  | $ | 1,335,769 |  | $ | 1,160,132 |  | $ | 408,508 |  | $ | 5,613,331 |

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