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Revenue (Notes) | 12 Months Ended
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Dec. 28, 2024
Revenue from Contract with Customer [Abstract] |
Revenue | REVENUE The Company extends payment terms to its customers based on commercially acceptable practices. The term between invoicing and payment due date is not significant. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring finished products or performing services, which is generally based on executed agreement or purchase order. Most of the Company’s products are shipped based on the customer specifications. Customer returns are infrequent and not material to the Company. Adjustments to net sales for sales deductions are generally recognized in the same period as the sale or when known. Customers in certain industries or countries may be required to prepay prior to shipment in order to maintain payment protection. These represent short-term prepayment from customers and are not material to the Company. The Company elected to treat shipping and handling as fulfillment costs. Sales, value-add, and other taxes collected concurrently with revenue-producing activities are excluded from revenue and booked on a net basis. The following tables present the Company revenues disaggregated by geographic area and major product types by reportable segment for the years ended December 28, 2024, December 30, 2023 and December 31, 2022 (in thousands):
| Year Ended December 28, 2024
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Total
Geographic Area |  |  |  |
North America | $ | 2,847,178 |  | $ | 402,693 |  | $ | — |  | $ | 3,249,871 |
Europe | 414,839 |  | 661,756 |  | 550,465 |  | 1,627,060 |
China | 28,409 |  | 238,059 |  | — |  | 266,468 |
South America | 369,759 |  | 134,757 |  | — |  | 504,516 |
Other | 15,424 |  | 51,836 |  | — |  | 67,260 |
Total net sales | $ | 3,675,609 |  | $ | 1,489,101 |  | $ | 550,465 |  | $ | 5,715,175 |
Major product types |  |  |  |
Fats | $ | 1,303,828 |  | $ | 160,184 |  | $ | — |  | $ | 1,464,012 |
Used cooking oil | 351,309 |  | — |  | — |  | 351,309 |
Proteins | 1,484,581 |  | — |  | — |  | 1,484,581 |
Bakery | 190,462 |  | — |  | — |  | 190,462 |
Other rendering | 293,648 |  | — |  | — |  | 293,648 |
Food ingredients | — |  | 1,232,521 |  | — |  | 1,232,521 |
Bioenergy | — |  | — |  | 550,465 |  | 550,465 |
Other | 51,781 |  | 96,396 |  | — |  | 148,177 |
Total net sales | $ | 3,675,609 |  | $ | 1,489,101 |  | $ | 550,465 |  | $ | 5,715,175 |
| Year Ended December 30, 2023
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Total
Geographic Area |  |  |  |
North America | $ | 3,696,423 |  | $ | 469,289 |  | $ | — |  | $ | 4,165,712 |
Europe | 373,180 |  | 754,846 |  | 563,423 |  | 1,691,449 |
China | 27,433 |  | 281,139 |  | — |  | 308,572 |
South America | 362,657 |  | 171,425 |  | — |  | 534,082 |
Other | 12,899 |  | 75,366 |  | — |  | 88,265 |
Total net sales | $ | 4,472,592 |  | $ | 1,752,065 |  | $ | 563,423 |  | $ | 6,788,080 |
Major product types |  |  |  |
Fats | $ | 1,739,349 |  | $ | 164,730 |  | $ | — |  | $ | 1,904,079 |
Used cooking oil | 497,657 |  | — |  | — |  | 497,657 |
Proteins | 1,672,027 |  | — |  | — |  | 1,672,027 |
Bakery | 255,214 |  | — |  | — |  | 255,214 |
Other rendering | 243,525 |  | — |  | — |  | 243,525 |
Food ingredients | — |  | 1,476,875 |  | — |  | 1,476,875 |
Bioenergy | — |  | — |  | 563,423 |  | 563,423 |
Other | 64,820 |  | 110,460 |  | — |  | 175,280 |
Total net sales | $ | 4,472,592 |  | $ | 1,752,065 |  | $ | 563,423 |  | $ | 6,788,080 |
| Year Ended December 31, 2022
| Feed Ingredients | Food Ingredients | Fuel Ingredients | Total
Geographic Area |  |  |  |
North America | $ | 3,852,559 |  | $ | 369,499 |  | $ | — |  | $ | 4,222,058 |
Europe | 502,432 |  | 733,967 |  | 533,574 |  | 1,769,973 |
China | 25,100 |  | 259,584 |  | — |  | 284,684 |
South America | 146,682 |  | 40,661 |  | — |  | 187,343 |
Other | 12,227 |  | 55,919 |  | — |  | 68,146 |
Total net sales | $ | 4,539,000 |  | $ | 1,459,630 |  | $ | 533,574 |  | $ | 6,532,204 |
Major product types |  |  |  |
Fats | $ | 1,951,183 |  | $ | 205,674 |  | $ | — |  | $ | 2,156,857 |
Used cooking oil | 519,119 |  | — |  | — |  | 519,119 |
Proteins | 1,476,553 |  | — |  | — |  | 1,476,553 |
Bakery | 333,442 |  | — |  | — |  | 333,442 |
Other rendering | 200,945 |  | — |  | — |  | 200,945 |
Food ingredients | — |  | 1,121,995 |  | — |  | 1,121,995 |
Bioenergy | — |  | — |  | 533,574 |  | 533,574 |
Other | 57,758 |  | 131,961 |  | — |  | 189,719 |
Total net sales | $ | 4,539,000 |  | $ | 1,459,630 |  | $ | 533,574 |  | $ | 6,532,204 |
Revenue from Contracts with Customers The Company has two primary revenue streams. Finished product revenues are recognized when control of the promised finished product is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for the finished product. Service revenues are recognized in net sales when the service occurs. Fats. Fats include the Company’s global activities related to the collection and processing of beef, poultry and pork animal by-products into finished products of non-food grade oils and food grade fats. Fats net sales are recognized when the Company ships the finished product to the customer and control has been transferred. Proteins. Proteins include the Company’s global activities related to the collection and processing of beef, poultry and pork animal by-products into finished products of protein meal. Proteins net sales are recognized when the Company ships the finished product to the customer and control has been transferred. Used Cooking Oil. Used cooking oil includes collection and processing of used cooking oil into finished products of non-food grade fats. Used cooking oil net sales are recognized when the Company ships the finished product to the customer and control has been transferred. Bakery. Bakery includes collection and processing of bakery residuals into finished product including Cookie Meal®, an animal feed ingredient primarily used in poultry and swine rations. Bakery net sales are recognized when the Company ships the finished product to the customer and control has been transferred. Other Rendering. Other rendering includes hides, pet food products, and service charges. Hides and pet food net sales are recognized when the Company ships the finished product to the customer and control has been transferred. Service revenues are recognized in net sales when the service has occurred. Food Ingredients. Food ingredients includes collection and processing of pigskin, hide, bone and fish into finished product. It also includes harvesting, sorting and selling of hog and sheep casings as well as harvesting, purchasing and processing of hog, sheep and beef meat for pet food industry. Collagen and CTH meat and casings net sales are recognized when the Company ships the finished product to the customer and control has been transferred. Bioenergy. Bioenergy includes Ecoson, which converts organic sludge and food waste into biogas and Rendac, which collects fallen stock and animal waste for a fee and processes these materials into fats and meals that can only be used as low grade energy or fuel for boilers and cement kilns. Net sales are recognized when the finished product is shipped to the customer and control has been transferred. Service revenues are recognized in net sales when the service has occurred. Other. Other includes grease trap collection and environmental services to food processors in the Feed Ingredients segment and Sonac Bone and Sonac Heparin in the Food Ingredients segment. Net sales are recognized when the Company ships the finished product to the customer and control has been transferred. Service revenues are recognized in net sales when the service has occurred. Long-Term Performance Obligations. The Company from time to time enters into long-term contracts to supply certain volumes of finished products to certain customers. Revenue recognized in fiscal 2024, 2023 and 2022 under these long-term supply contracts was approximately $156.3 million, $171.1 million and $168.4 million, respectively, with the remaining performance obligations to be recognized in future periods (generally 3 years) of approximately $610.7 million.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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