XML 54 R45.htm IDEA: XBRL DOCUMENT
v3.22.2

Business Segments (Tables) | 6 Months Ended
--- | ---
Jul. 02, 2022
Segment Reporting [Abstract] |
Business Segments | Business Segments (in thousands):
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Three Months Ended July 2, 2022 |  |  |  |  |
Net Sales | $ | 1,170,347 |  | $ | 369,181 |  | $ | 110,660 |  | $ | — |  | $ | 1,650,188 |
Cost of sales and operating expenses | 864,306 |  | 280,964 |  | 86,237 |  | — |  | 1,231,507 |
Gross Margin | 306,041 |  | 88,217 |  | 24,423 |  | — |  | 418,681 |
Gain on sale of assets | (964) |  | (73) |  | (18) |  | — |  | (1,055) |
Selling, general and administrative expenses | 64,863 |  | 22,855 |  | 4,277 |  | 15,781 |  | 107,776 |
Restructuring and asset impairment charges | 8,557 |  | — |  | — |  | — |  | 8,557 |
Acquisition and integration costs | — |  | — |  | — |  | 5,358 |  | 5,358 |
Depreciation and amortization | 68,938 |  | 14,449 |  | 6,936 |  | 2,790 |  | 93,113 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 73,680 |  | — |  | 73,680 |
Segment operating income/(loss) | 164,647 |  | 50,986 |  | 86,908 |  | (23,929) |  | 278,612 |
Equity in net income of other unconsolidated subsidiaries | 2,272 |  | — |  | — |  | — |  | 2,272 |
Segment income/(loss) | 166,919 |  | 50,986 |  | 86,908 |  | (23,929) |  | 280,884 |
Total other expense |  |  |  |  | (28,722) |
Income before income taxes |  |  |  |  | $ | 252,162 |
| 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
Six Months Ended July 2, 2022 |  |  |  |  |
Net Sales | $ | 2,049,785 |  | $ | 723,995 |  | $ | 242,742 |  | $ | — |  | $ | 3,016,522 |
Cost of sales and operating expenses | 1,509,829 |  | 551,276 |  | 190,979 |  | — |  | 2,252,084 |
Gross Margin | 539,956 |  | 172,719 |  | 51,763 |  | — |  | 764,438 |
Gain on sale of assets | (1,305) |  | (82) |  | (57) |  | — |  | (1,444) |
Selling, general and administrative expenses | 121,072 |  | 49,699 |  | 8,197 |  | 30,840 |  | 209,808 |
Restructuring and asset impairment charges | 8,557 |  | — |  | — |  | — |  | 8,557 |
Acquisition and integration costs | — |  | — |  | — |  | 9,131 |  | 9,131 |
Depreciation and amortization | 123,288 |  | 29,899 |  | 13,610 |  | 5,562 |  | 172,359 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 145,484 |  | — |  | 145,484 |
Segment operating income/(loss) | 288,344 |  | 93,203 |  | 175,497 |  | (45,533) |  | 511,511 |
Equity in net income of other unconsolidated subsidiaries | 3,632 |  | — |  | — |  | — |  | 3,632 |
Segment income/(loss) | 291,976 |  | 93,203 |  | 175,497 |  | (45,533) |  | 515,143 |
Total other expense |  |  |  |  | (46,167) |
Income before income taxes |  |  |  |  | $ | 468,976 |
Segment assets at July 2, 2022 | $ | 4,036,660 |  | $ | 1,189,677 |  | $ | 2,144,238 |  | $ | 656,111 |  | $ | 8,026,686 |
| 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 January 1, 2022 | $ | 2,714,528 |  | $ | 1,205,217 |  | $ | 1,658,892 |  | $ | 555,091 |  | $ | 6,133,728 |

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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration