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v3.22.1

Business Segments (Tables) | 3 Months Ended
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Apr. 02, 2022
Segment Reporting [Abstract] |
Business Segments | Business Segments (in thousands):
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Three Months Ended April 2, 2022 |  |  |  |  |
Net Sales | $ | 879,438 |  | $ | 354,814 |  | $ | 132,082 |  | $ | — |  | $ | 1,366,334 |
Cost of sales and operating expenses | 645,523 |  | 270,312 |  | 104,742 |  | — |  | 1,020,577 |
Gross Margin | 233,915 |  | 84,502 |  | 27,340 |  | — |  | 345,757 |
Gain on sale of assets | (341) |  | (9) |  | (39) |  | — |  | (389) |
Selling, general and administrative expenses | 56,209 |  | 26,844 |  | 3,920 |  | 15,059 |  | 102,032 |
Acquisition and integration costs | — |  | — |  | — |  | 3,773 |  | 3,773 |
Depreciation and amortization | 54,350 |  | 15,450 |  | 6,674 |  | 2,772 |  | 79,246 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 71,804 |  | — |  | 71,804 |
Segment operating income/(loss) | 123,697 |  | 42,217 |  | 88,589 |  | (21,604) |  | 232,899 |
Equity in net income of other unconsolidated subsidiaries | 1,360 |  | — |  | — |  | — |  | 1,360 |
Segment income/(loss) | 125,057 |  | 42,217 |  | 88,589 |  | (21,604) |  | 234,259 |
Total other expense |  |  |  |  | (17,445) |
Income before income taxes |  |  |  |  | $ | 216,814 |
Segment assets at April 2, 2022 | $ | 2,751,078 |  | $ | 1,262,887 |  | $ | 1,982,190 |  | $ | 619,461 |  | $ | 6,615,616 |
| 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 expenses | 52,620 |  | 25,191 |  | 4,867 |  | 14,720 |  | 97,398 |
Restructuring and 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 January 1, 2022 | $ | 2,714,528 |  | $ | 1,205,217 |  | $ | 1,658,892 |  | $ | 555,091 |  | $ | 6,133,728 |

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