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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Oct. 01, 2022

Accounting Policies [Abstract]

Restrictions on Cash and Cash Equivalents

A reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of same such amounts shown in the Consolidated Statement of Cash flows is as follows (in thousands):

						October 1, 2022			January 1, 2022
Cash and cash equivalents						$	126,032		$	68,906
Restricted cash						102			166
Restricted cash included in other long-term assets						21,223			—
Total cash, cash equivalents and restricted cash shown in the statement of cash flows						$	147,357		$	69,072

Net Income per Common Share

Basic income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares including non-vested and restricted shares outstanding during the period.  Diluted income per common share is computed by dividing net income attributable to Darling by the weighted average number of common shares outstanding during the period increased by dilutive common equivalent shares determined using the treasury stock method.

			Net Income per Common Share (in thousands, except per share data)
			Three Months Ended
									October 1, 2022																		October 2, 2021
			Income						Shares						Per Share						Income						Shares						Per Share
Basic:
Net Income attributable to Darling			$	191,081					160,587						$	1.19					$	146,812					162,166						$	0.91
Diluted:
Effect of dilutive securities:
Add: Option shares in the money and dilutive effect of non-vested stock awards									3,755																		5,403
Less: Pro forma treasury shares									(707)																		(799)
Diluted:
Net income attributable to Darling			$	191,081					163,635						$	1.17					$	146,812					166,770						$	0.88

			Net Income per Common Share (in thousands, except per share data)
			Nine Months Ended
									October 1, 2022																		October 2, 2021
			Income						Shares						Per Share						Income						Shares						Per Share
Basic:
Net Income attributable to Darling			$	581,130					161,205						$	3.60					$	495,160					162,707						$	3.04
Diluted:
Effect of dilutive securities:
Add: Option shares in the money and dilutive effect of non-vested stock awards									3,837																		5,512
Less: Pro forma treasury shares									(715)																		(845)
Diluted:
Net income attributable to Darling			$	581,130					164,327						$	3.54					$	495,160					167,374						$	2.96

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=126999549&loc=SL98516268-108586

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910

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