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Other Comprehensive Income (Tables) | 9 Months Ended
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Oct. 02, 2021
Equity [Abstract] |
Schedule of Comprehensive Income (Loss) | The components of other comprehensive income/(loss) and the related tax impacts for the three and nine months ended October 2, 2021 and September 26, 2020 are as follows (in thousands):
| Three Months Ended
| Before-Tax | Tax (Expense) | Net-of-Tax
| Amount | or Benefit | Amount
| October 2, 2021 | September 26, 2020 | October 2, 2021 | September 26, 2020 | October 2, 2021 | September 26, 2020
Defined benefit pension plans |  |  |  |  |  |
Amortization of prior service (cost)/benefit | $ | 5 |  | $ | 9 |  | $ | (1) |  | $ | (2) |  | $ | 4 |  | $ | 7 |
Amortization of actuarial loss | 1,052 |  | 854 |  | (265) |  | (213) |  | 787 |  | 641 |
Total defined benefit pension plans | 1,057 |  | 863 |  | (266) |  | (215) |  | 791 |  | 648 |
Soybean meal option derivatives |  |  |  |  |  |
Reclassified to earnings | (19) |  | — |  | 5 |  | — |  | (14) |  | — |
Activity recognized in other comprehensive income/(loss) | (12) |  | — |  | 3 |  | — |  | (9) |  | — |
Total soybean meal option derivatives | (31) |  | — |  | 8 |  | — |  | (23) |  | — |
Corn option derivatives |  |  |  |  |  |
Reclassified to earnings | 4,217 |  | 229 |  | (1,072) |  | (57) |  | 3,145 |  | 172 |
Activity recognized in other comprehensive income/(loss) | 647 |  | (3,588) |  | (164) |  | 898 |  | 483 |  | (2,690) |
Total corn option derivatives | 4,864 |  | (3,359) |  | (1,236) |  | 841 |  | 3,628 |  | (2,518) |
Heating oil derivatives |  |  |  |  |  |
Activity recognized in other comprehensive income/(loss) | (8,699) |  | 1,992 |  | 2,209 |  | (498) |  | (6,490) |  | 1,494 |
Total heating oil derivatives | (8,699) |  | 1,992 |  | 2,209 |  | (498) |  | (6,490) |  | 1,494 |
Foreign exchange derivatives |  |  |  |  |  |
Reclassified to earnings | (1,889) |  | (5,317) |  | 565 |  | 385 |  | (1,324) |  | (4,932) |
Activity recognized in other comprehensive income/(loss) | (5,397) |  | 7,486 |  | 2,057 |  | (1,142) |  | (3,340) |  | 6,344 |
Total foreign exchange derivatives | (7,286) |  | 2,169 |  | 2,622 |  | (757) |  | (4,664) |  | 1,412 |
Foreign currency translation | (33,689) |  | 39,237 |  | 786 |  | (1,383) |  | (32,903) |  | 37,854 |
Other comprehensive income/(loss) | $ | (43,784) |  | $ | 40,902 |  | $ | 4,123 |  | $ | (2,012) |  | $ | (39,661) |  | $ | 38,890 |
| Nine Months Ended
| Before-Tax | Tax (Expense) | Net-of-Tax
| Amount | or Benefit | Amount
| October 2, 2021 | September 26, 2020 | October 2, 2021 | September 26, 2020 | October 2, 2021 | September 26, 2020
Defined benefit pension plans |  |  |  |  |  |
Amortization of prior service (cost)/benefit | $ | 16 |  | $ | 25 |  | $ | (4) |  | $ | (6) |  | $ | 12 |  | $ | 19 |
Amortization of actuarial loss | 3,157 |  | 2,562 |  | (794) |  | (638) |  | 2,363 |  | 1,924 |
Total defined benefit pension plans | 3,173 |  | 2,587 |  | (798) |  | (644) |  | 2,375 |  | 1,943 |
Soybean meal option derivatives |  |  |  |  |  |
Reclassified to earnings | (267) |  | — |  | 68 |  | — |  | (199) |  | — |
Activity recognized in other comprehensive income/(loss) | (131) |  | — |  | 33 |  | — |  | (98) |  | — |
Total soybean meal option derivatives | (398) |  | — |  | 101 |  | — |  | (297) |  | — |
Corn option derivatives |  |  |  |  |  |
Reclassified to earnings | 14,880 |  | 1,168 |  | (3,780) |  | (292) |  | 11,100 |  | 876 |
Activity recognized in other comprehensive income/(loss) | (11,566) |  | (1,939) |  | 2,938 |  | 485 |  | (8,628) |  | (1,454) |
Total corn option derivatives | 3,314 |  | (771) |  | (842) |  | 193 |  | 2,472 |  | (578) |
Heating oil derivatives |  |  |  |  |  |
Activity recognized in other comprehensive income/(loss) | (7,149) |  | 4,565 |  | 1,815 |  | (1,141) |  | (5,334) |  | 3,424 |
Total heating oil derivatives | (7,149) |  | 4,565 |  | 1,815 |  | (1,141) |  | (5,334) |  | 3,424 |
Foreign exchange derivatives |  |  |  |  |  |
Reclassified to earnings | (2,503) |  | (10,564) |  | 884 |  | 1,690 |  | (1,619) |  | (8,874) |
Activity recognized in other comprehensive income/(loss) | (4,482) |  | 8,112 |  | 1,582 |  | (1,298) |  | (2,900) |  | 6,814 |
Total foreign exchange derivatives | (6,985) |  | (2,452) |  | 2,466 |  | 392 |  | (4,519) |  | (2,060) |
Foreign currency translation | (50,866) |  | (5,798) |  | 2,125 |  | (1,445) |  | (48,741) |  | (7,243) |
Other comprehensive income/(loss) | $ | (58,911) |  | $ | (1,869) |  | $ | 4,867 |  | $ | (2,645) |  | $ | (54,044) |  | $ | (4,514) |
Reclassification out of Accumulated Other Comprehensive Income (Loss) | The following table presents the amounts reclassified out of each component of other comprehensive income/(loss), net of tax for the three and nine months ended October 2, 2021 and September 26, 2020 as follows (in thousands):
| Three Months Ended | Nine Months Ended |
| October 2, 2021 | September 26, 2020 | October 2, 2021 | September 26, 2020 | Statement of Operations Classification
Derivative instruments |  |  |  |  |
Soybean meal derivatives | $ | 19 |  | $ | — |  | $ | 267 |  | $ | — |  | Net sales
Foreign exchange contracts | 1,889 |  | 5,317 |  | 2,503 |  | 10,564 |  | Net sales
Corn option derivatives | (4,217) |  | (229) |  | (14,880) |  | (1,168) |  | Cost of sales and operating expenses
| (2,309) |  | 5,088 |  | (12,110) |  | 9,396 |  | Total before tax
| 502 |  | (328) |  | 2,828 |  | (1,398) |  | Income taxes
| (1,807) |  | 4,760 |  | (9,282) |  | 7,998 |  | Net of tax
Defined benefit pension plans |  |  |  |  |
Amortization of prior service cost | $ | (5) |  | $ | (9) |  | $ | (16) |  | $ | (25) |  | (a)
Amortization of actuarial loss | (1,052) |  | (854) |  | (3,157) |  | (2,562) |  | (a)
| (1,057) |  | (863) |  | (3,173) |  | (2,587) |  | Total before tax
| 266 |  | 215 |  | 798 |  | 644 |  | Income taxes
| (791) |  | (648) |  | (2,375) |  | (1,943) |  | Net of tax
Total reclassifications | $ | (2,598) |  | $ | 4,112 |  | $ | (11,657) |  | $ | 6,055 |  | Net of tax
(a)These items are included in the computation of net periodic pension cost. See Note 12 (Employee Benefit Plans) to the Company's Consolidated Financial Statement included herein for additional information.
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents changes in each component of accumulated other comprehensive income/(loss) as of October 2, 2021 as follows (in thousands):
|  | Nine Months Ended October 2, 2021
|  | Foreign Currency | Derivative | Defined Benefit |
|  | Translation | Instruments | Pension Plans | Total
Accumulated Other Comprehensive loss January 2, 2021, attributable to Darling, net of tax |  | $ | (210,902) |  | $ | (3,214) |  | $ | (38,317) |  | $ | (252,433) |
Other comprehensive loss before reclassifications |  | (48,741) |  | (16,960) |  | — |  | (65,701) |
Amounts reclassified from accumulated other comprehensive loss |  | — |  | 9,282 |  | 2,375 |  | 11,657 |
Net current-period other comprehensive income/(loss) |  | (48,741) |  | (7,678) |  | 2,375 |  | (54,044) |
Noncontrolling interest |  | 2,876 |  | — |  | — |  | 2,876 |
Accumulated Other Comprehensive loss October 2, 2021, attributable to Darling, net of tax |  | $ | (262,519) |  | $ | (10,892) |  | $ | (35,942) |  | $ | (309,353) |

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