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Business Segments (Tables)

6 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Business Segments

Business Segments (in thousands):

			Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Three Months Ended July 3, 2021
Net Sales			$	771,932		$	317,031		$	109,706		$	—		$	1,198,669
Cost of sales and operating expenses			556,424			238,539			83,110			—			878,073
Gross Margin			215,508			78,492			26,596			—			320,596
Gain on sale of assets			(122)			(48)			(58)			—			(228)
Selling, general and administrative expenses			54,977			25,542			4,474			14,139			99,132
Depreciation and amortization			53,971			15,850			6,698			2,703			79,222
Equity in net income of Diamond Green Diesel			—			—			125,788			—			125,788
Segment operating income/(loss)			106,682			37,148			141,270			(16,842)			268,258
Equity in net income of other unconsolidated subsidiaries			1,940			—			—			—			1,940
Segment income/(loss)			108,622			37,148			141,270			(16,842)			270,198
Total other expense															(17,150)
Income before income taxes															$	253,048

			Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Three Months Ended June 27, 2020
Net Sales			$	503,690		$	278,934		$	66,049		$	—		$	848,673
Cost of sales and operating expenses			367,902			220,159			44,286			—			632,347
Gross Margin			135,788			58,775			21,763			—			216,326
Loss/(gain) on sale of assets			76			(48)			(1)			—			27
Selling, general and administrative expenses			50,484			22,564			3,953			13,192			90,193
Depreciation and amortization			52,683			19,972			7,980			2,675			83,310
Equity in net income of Diamond Green Diesel			—			—			63,492			—			63,492
Segment operating income/(loss)			32,545			16,287			73,323			(15,867)			106,288
Equity in net income of other unconsolidated subsidiaries			692			—			—			—			692
Segment income/(loss)			33,237			16,287			73,323			(15,867)			106,980
Total other expense															(20,539)
Income before income taxes															$	86,441

			Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Six Months Ended July 3, 2021
Net Sales			$	1,423,376		$	615,096		$	206,913		$	—		$	2,245,385
Cost of sales and operating expenses			1,031,005			464,952			154,900			—			1,650,857
Gross Margin			392,371			150,144			52,013			—			594,528
Loss/(gain) on sale of assets			(261)			7			(38)			—			(292)
Selling, general and administrative expenses			107,597			50,733			9,341			28,859			196,530
Restructuring and asset impairment charges			—			—			778			—			778
Depreciation and amortization			108,580			30,733			12,853			5,590			157,756
Equity in net income of Diamond Green Diesel			—			—			228,013			—			228,013
Segment operating income/(loss)			176,455			68,671			257,092			(34,449)			467,769
Equity in net income of other unconsolidated subsidiaries			2,552			—			—			—			2,552
Segment income/(loss)			179,007			68,671			257,092			(34,449)			470,321
Total other expense															(35,147)
Income before income taxes															$	435,174
Segment assets at July 3, 2021			$	2,748,192		$	1,253,856		$	1,348,148		$	483,127		$	5,833,323

			Feed Ingredients			Food Ingredients			Fuel Ingredients			Corporate			Total
Six Months Ended June 27, 2020
Net Sales			$	1,016,315		$	549,228		$	135,972		$	—		$	1,701,515
Cost of sales and operating expenses			756,355			425,589			97,311			—			1,279,255
Gross Margin			259,960			123,639			38,661			—			422,260
Loss/(gain) on sale of assets			126			(46)			8			—			88
Selling, general and administrative expenses			104,431			48,040			5,607			28,308			186,386
Depreciation and amortization			106,204			40,277			16,072			5,428			167,981
Equity in net income of Diamond Green Diesel			—			—			161,312			—			161,312
Segment operating income/(loss)			49,199			35,368			178,286			(33,736)			229,117
Equity in net income of other unconsolidated subsidiaries			1,561			—			—			—			1,561
Segment income/(loss)			50,760			35,368			178,286			(33,736)			230,678
Total other expense															(39,846)
Income before income taxes															$	190,832
Segment assets at January 2, 2021			$	2,708,922		$	1,335,769		$	1,160,132		$	408,508		$	5,613,331

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- 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=123359005&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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-Section 50
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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