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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 30, 2024
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 the same such amounts shown in the Consolidated Statement of Cash flows is as follows (in thousands):
|  | March 30, 2024 | December 30, 2023
Cash and cash equivalents |  | $ | 145,473 |  | $ | 126,502 |
Restricted cash |  | 4,086 |  | 292 |
Restricted cash included in other long-term assets |  | 143,076 |  | 137,656 |
Total cash, cash equivalents and restricted cash shown in the statement of cash flows |  | $ | 292,635 |  | $ | 264,450 |
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
|  |  | March 30, 2024 |  |  |  |  |  | April 1, 2023 |  |
| Income |  | Shares |  | Per Share |  | Income |  | Shares |  | Per Share
Basic: |  |  |  |  |  |  |  |  |  |  |
Net Income attributable to Darling | $ | 81,157 |  |  | 159,812 |  |  | $ | 0.51 |  |  | $ | 185,801 |  |  | 160,145 |  |  | $ | 1.16 |
Diluted: |  |  |  |  |  |  |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Add: Option shares in the money and dilutive effect of non-vested stock awards |  |  | 3,053 |  |  |  |  |  |  | 3,419 |  |  |
Less: Pro forma treasury shares |  |  | (960) |  |  |  |  |  |  | (747) |  |  |
Diluted: |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Darling | $ | 81,157 |  |  | 161,905 |  |  | $ | 0.50 |  |  | $ | 185,801 |  |  | 162,817 |  |  | $ | 1.14 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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