XML 67 R54.htm IDEA: XBRL DOCUMENT v3.23.2
Acquisitions (Assets Acquired and Liabilities Assumed) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Aug. 01, 2022
May 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Dec. 31, 2022
Business Acquisition [Line Items]                
Goodwill       $ 2,566,169   $ 2,566,169   $ 1,970,377
Long-term contingent consideration (1)       87,329   87,329   $ 169,903
Cash paid for acquisition, net of cash acquired           1,079,083 $ 1,235,537  
Net sales       1,757,621 $ 1,650,188 3,548,793 3,016,522  
Net income attributable to Darling       252,383 201,996 438,184 390,049  
Acquisition and integration costs       1,706 $ 5,358 8,728 $ 9,131  
FASA Group                
Business Acquisition [Line Items]                
Accounts receivable   $ 76,640            
Inventories   43,058            
Other current assets   33,327            
Property, plant and equipment   224,384            
Identifiable intangible assets   119,477            
Goodwill   301,937            
Operating lease right-of-use assets   583            
Other assets   62,388            
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets   2,315            
Accounts payable   (15,920)            
Current portion of long-term debt   (18,680)            
Accrued expenses   (38,708)            
Long-term debt, net of current portion   (41,926)            
Long-term operating lease liabilities   (583)            
Deferred tax liability   (95,653)            
Other noncurrent liabilities   (503)            
Non-controlling interests   (21,704)            
Purchase price, net of cash acquired   630,432            
Less hold-back   21,705            
Long-term contingent consideration (1)   82,984            
Cash paid for acquisition, net of cash acquired   $ 525,743            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   11 years 4 months 24 days            
Net sales       90,300   183,800    
Net income attributable to Darling       (2,700)   1,800    
FASA Group | Collection Routes [Member]                
Business Acquisition [Line Items]                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles   $ 108,500            
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   12 years            
Valley Proteins                
Business Acquisition [Line Items]                
Accounts receivable     $ 68,558          
Inventories     58,246          
Other current assets     13,825          
Property, plant and equipment     409,405          
Identifiable intangible assets     389,200          
Goodwill     358,298          
Operating lease right-of-use assets     16,380          
Other assets     14,164          
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets     1,075          
Accounts payable     (47,615)          
Current portion of long-term debt     (2,043)          
Current operating lease liabilities     (4,779)          
Accrued expenses     (66,034)          
Long-term debt, net of current portion     (5,995)          
Long-term operating lease liabilities     (11,601)          
Other noncurrent liabilities     (19,436)          
Purchase price, net of cash acquired     $ 1,171,648          
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     15 years          
Net sales       199,900   426,300    
Net income attributable to Darling       4,100   3,600    
Valley Proteins | Collection Routes [Member]                
Business Acquisition [Line Items]                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles     $ 292,100          
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     15 years          
Gelnex                
Business Acquisition [Line Items]                
Accounts receivable $ 81,000              
Inventories 141,066              
Other current assets 3,502              
Property, plant and equipment 127,769              
Identifiable intangible assets 283,951              
Goodwill 630,669              
Operating lease right-of-use assets 134              
Other assets 2,703              
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets 857              
Accounts payable (15,059)              
Current portion of long-term debt (44,692)              
Current operating lease liabilities (26)              
Accrued expenses (18,888)              
Long-term debt, net of current portion (1,407)              
Long-term operating lease liabilities (123)              
Deferred tax liability (8,310)              
Other noncurrent liabilities (19)              
Purchase price, net of cash acquired 1,183,127              
Less hold-back 104,145              
Cash paid for acquisition, net of cash acquired $ 1,078,982              
Net sales       91,200   91,200    
Net income attributable to Darling       (19,100)   (19,100)    
Acquisition and integration costs       $ 100   $ 5,900