XML 58 R48.htm IDEA: XBRL DOCUMENT
v3.24.3

Business Segments (Tables) | 9 Months Ended
--- | ---
Sep. 28, 2024
Segment Reporting [Abstract] |
Business Segments | Business Segments (in thousands):
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Three Months Ended September 28, 2024 |  |  |  |  |
Total net sales | $ | 927,457 |  | $ | 357,292 |  | $ | 137,142 |  | $ | — |  | $ | 1,421,891 |
Cost of sales and operating expenses | 727,642 |  | 271,861 |  | 108,816 |  | — |  | 1,108,319 |
Gross margin | 199,815 |  | 85,431 |  | 28,326 |  | — |  | 313,572 |
Loss/(gain) on sale of assets | 204 |  | 49 |  | (2) |  | — |  | 251 |
Selling, general and administrative expenses | 67,445 |  | 28,351 |  | 7,757 |  | 12,164 |  | 115,717 |
Acquisition and integration costs | — |  | — |  | — |  | 218 |  | 218 |
Change in fair value of contingent consideration | 16,156 |  | — |  | — |  | — |  | 16,156 |
Depreciation and amortization | 85,480 |  | 26,743 |  | 9,297 |  | 2,033 |  | 123,553 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 2,430 |  | — |  | 2,430 |
Segment operating income/(loss) | 30,530 |  | 30,288 |  | 13,704 |  | (14,415) |  | 60,107 |
Equity in net income of other unconsolidated subsidiaries | 3,782 |  | — |  | — |  | — |  | 3,782 |
Segment income/(loss) | 34,312 |  | 30,288 |  | 13,704 |  | (14,415) |  | 63,889 |
Total other expense |  |  |  |  | (62,245) |
Income before income taxes |  |  |  |  | $ | 1,644 |
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Three Months Ended September 30, 2023 |  |  |  |  |
Total net sales | $ | 1,047,796 |  | $ | 455,744 |  | $ | 121,664 |  | $ | — |  | $ | 1,625,204 |
Cost of sales and operating expenses | 804,312 |  | 338,208 |  | 96,213 |  | — |  | 1,238,733 |
Gross margin | 243,484 |  | 117,536 |  | 25,451 |  | — |  | 386,471 |
Loss/(gain) on sale of assets | 833 |  | 117 |  | (21) |  | — |  | 929 |
Selling, general and administrative expenses | 80,985 |  | 31,463 |  | 5,666 |  | 19,583 |  | 137,697 |
Acquisition and integration costs | — |  | — |  | — |  | 3,430 |  | 3,430 |
Change in fair value of contingent consideration | (5,559) |  | — |  | — |  | — |  | (5,559) |
Depreciation and amortization | 88,954 |  | 25,418 |  | 9,026 |  | 2,596 |  | 125,994 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 54,389 |  | — |  | 54,389 |
Segment operating income/(loss) | 78,271 |  | 60,538 |  | 65,169 |  | (25,609) |  | 178,369 |
Equity in net income of other unconsolidated subsidiaries | 1,534 |  | — |  | — |  | — |  | 1,534 |
Segment income/(loss) | 79,805 |  | 60,538 |  | 65,169 |  | (25,609) |  | 179,903 |
Total other expense |  |  |  |  | (67,186) |
Income before income taxes |  |  |  |  | $ | 112,717 |
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Nine Months Ended September 28, 2024 |  |  |  |  |
Total net sales | $ | 2,751,452 |  | $ | 1,127,415 |  | $ | 418,615 |  | $ | — |  | $ | 4,297,482 |
Cost of sales and operating expenses | 2,171,282 |  | 846,766 |  | 335,358 |  | — |  | 3,353,406 |
Gross margin | 580,170 |  | 280,649 |  | 83,257 |  | — |  | 944,076 |
Loss/(gain) on sale of assets | 541 |  | (208) |  | (434) |  | — |  | (101) |
Selling, general and administrative expenses | 218,598 |  | 88,939 |  | 24,911 |  | 52,143 |  | 384,591 |
Acquisition and integration costs | — |  | — |  | — |  | 5,402 |  | 5,402 |
Change in fair value of contingent consideration | (42,215) |  | — |  | — |  | — |  | (42,215) |
Depreciation and amortization | 259,493 |  | 82,983 |  | 26,687 |  | 6,504 |  | 375,667 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 125,046 |  | — |  | 125,046 |
Segment operating income/(loss) | 143,753 |  | 108,935 |  | 157,139 |  | (64,049) |  | 345,778 |
Equity in net income of other unconsolidated subsidiaries | 9,109 |  | — |  | — |  | — |  | 9,109 |
Segment income/(loss) | 152,862 |  | 108,935 |  | 157,139 |  | (64,049) |  | 354,887 |
Total other expense |  |  |  |  | (185,609) |
Income before income taxes |  |  |  |  | $ | 169,278 |
Segment assets at September 28, 2024 | $ | 4,318,626 |  | $ | 2,219,932 |  | $ | 2,611,464 |  | $ | 1,422,697 |  | $ | 10,572,719 |
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Corporate | Total
Nine Months Ended September 30, 2023 |  |  |  |  |
Total net sales | $ | 3,426,950 |  | $ | 1,328,229 |  | $ | 418,818 |  | $ | — |  | $ | 5,173,997 |
Cost of sales and operating expenses | 2,630,797 |  | 999,418 |  | 335,193 |  | — |  | 3,965,408 |
Gross margin | 796,153 |  | 328,811 |  | 83,625 |  | — |  | 1,208,589 |
Loss/(gain) on sale of assets | 813 |  | 99 |  | (51) |  | — |  | 861 |
Selling, general and administrative expenses | 233,082 |  | 98,269 |  | 16,829 |  | 61,734 |  | 409,914 |
Restructuring and asset impairment charges | 92 |  | 5,328 |  | — |  | — |  | 5,420 |
Acquisition and integration costs | — |  | — |  | — |  | 12,158 |  | 12,158 |
Change in fair value of contingent consideration | (13,058) |  | — |  | — |  | — |  | (13,058) |
Depreciation and amortization | 261,849 |  | 68,336 |  | 25,986 |  | 7,915 |  | 364,086 |
Equity in net income of Diamond Green Diesel | — |  | — |  | 361,690 |  | — |  | 361,690 |
Segment operating income/(loss) | 313,375 |  | 156,779 |  | 402,551 |  | (81,807) |  | 790,898 |
Equity in net income of other unconsolidated subsidiaries | 3,503 |  | — |  | — |  | — |  | 3,503 |
Segment income/(loss) | 316,878 |  | 156,779 |  | 402,551 |  | (81,807) |  | 794,401 |
Total other expense |  |  |  |  | (168,946) |
Income before income taxes |  |  |  |  | $ | 625,455 |
Segment assets at December 30, 2023 | $ | 4,702,593 |  | $ | 2,646,702 |  | $ | 2,589,145 |  | $ | 1,122,644 |  | $ | 11,061,084 |

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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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