falsedesktopDAR2020-09-26000091654020000027{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "\t(Mark One)\t\n☒\tQUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE\t\n\tSECURITIES EXCHANGE ACT OF 1934\t\n\tFor the quarterly period ended\tSeptember 26 2020\n\tOR\t\n☐\tTRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE\t\n\tSECURITIES EXCHANGE ACT OF 1934\t\n\tFor the transition period from _______ to _______\t\n", "q10k_tbl_1": "Large accelerated filer\t☒\tAccelerated filer\t☐\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\n\t\tEmerging growth company\t☐\nIf an emerging growth company indicate by check mark if the Registrant has elected not to use the extended transition period\t\t\t\nfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of Exchange Act.\t\t\t☐\n", "q10k_tbl_2": "\t\tPage No.\n\tPART I: FINANCIAL INFORMATION\t\nItem 1.\tFINANCIAL STATEMENTS\t\n\tConsolidated Balance Sheets\t3\n\tSeptember 26 2020 (unaudited) and December 28 2019\t\n\tConsolidated Statements of Operations (unaudited)\t4\n\tThree and Nine Months Ended September 26 2020 and September 28 2019\t\n\tConsolidated Statements of Comprehensive Income/(Loss) (unaudited)\t5\n\tThree and Nine Months Ended September 26 2020 and September 28 2019\t\n\tConsolidated Statement of Stockholders' Equity (unaudited)\t6\n\tNine Months Ended September 26 2020 and September 28 2019\t\n\tConsolidated Statements of Cash Flows (unaudited)\t8\n\tNine Months Ended September 26 2020 and September 28 2019\t\n\tNotes to Consolidated Financial Statements (unaudited)\t9\nItem 2.\tMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS\t43\nItem 3.\tQUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK\t64\nItem 4.\tCONTROLS AND PROCEDURES\t66\n\tPART II: OTHER INFORMATION\t\nItem 1.\tLEGAL PROCEEDINGS\t67\nItem 1A.\tRISK FACTORS\t67\nItem 6.\tEXHIBITS\t68\n\tSignatures\t69\n", "q10k_tbl_3": "\tSeptember 26 2020\tDecember 28 2019\nASSETS\t(unaudited)\t\nCurrent assets:\t\t\nCash and cash equivalents\t65845\t72935\nRestricted cash\t110\t110\nAccounts receivable less allowance for bad debts of $10491 at September 26 2020 and $8802 at December 28 2019\t373583\t406338\nInventories\t406805\t362957\nPrepaid expenses\t52359\t46599\nIncome taxes refundable\t3940\t3317\nOther current assets\t28532\t25032\nTotal current assets\t931174\t917288\nProperty plant and equipment less accumulated depreciation of $1604081 at September 26 2020 and $1438388 at December 28 2019\t1789172\t1802411\nIntangible assets less accumulated amortization of $532124 at September 26 2020 and $482442 at December 28 2019\t474793\t526394\nGoodwill\t1239343\t1223291\nInvestment in unconsolidated subsidiaries\t742875\t689354\nOperating lease right-of-use assets\t142269\t124726\nOther assets\t45598\t47400\nDeferred income taxes\t15762\t14394\n\t5380986\t5345258\nLIABILITIES AND STOCKHOLDERS' EQUITY\t\t\nCurrent liabilities:\t\t\nCurrent portion of long-term debt\t26185\t90996\nAccounts payable principally trade\t206998\t239252\nIncome taxes payable\t19013\t8895\nCurrent operating lease liabilities\t40973\t37805\nAccrued expenses\t330385\t311391\nTotal current liabilities\t623554\t688339\nLong-term debt net of current portion\t1448019\t1558429\nLong-term operating lease liabilities\t105821\t91424\nOther non-current liabilities\t102559\t115785\nDeferred income taxes\t265844\t247931\nTotal liabilities\t2545797\t2701908\nCommitments and contingencies\t\t\nStockholders' equity:\t\t\nCommon stock $0.01 par value; 250000000 shares authorized; 169578370 and 168620314 shares issued at September 26 2020 and at December 28 2019 respectively\t1696\t1686\nAdditional paid-in capital\t1589479\t1560897\nTreasury stock at cost; 7511271 and 4845203 shares at September 26 2020 and at December 28 2019 respectively\t(143826)\t(75022)\nAccumulated other comprehensive loss\t(325608)\t(321847)\nRetained earnings\t1652179\t1400105\nTotal Darling's stockholders' equity\t2773920\t2565819\nNoncontrolling interests\t61269\t77531\nTotal stockholders' equity\t2835189\t2643350\n\t5380986\t5345258\n", "q10k_tbl_4": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\nNet sales\t850569\t842049\t2552084\t2504477\nCosts and expenses:\t\t\t\t\nCost of sales and operating expenses\t638368\t652923\t1917623\t1948552\nLoss/(gain) on sale of assets\t122\t(2669)\t210\t(20845)\nSelling general and administrative expenses\t89993\t83549\t276379\t249569\nDepreciation and amortization\t85730\t80407\t253711\t239057\nTotal costs and expenses\t814213\t814210\t2447923\t2416333\nEquity in net income of Diamond Green Diesel\t91099\t32020\t252411\t94390\nOperating income\t127455\t59859\t356572\t182534\nOther expense:\t\t\t\t\nInterest expense\t(18793)\t(19359)\t(55803)\t(60088)\nDebt extinguishment costs\t0\t0\t0\t(12126)\nForeign currency gain/(loss)\t(1239)\t466\t(709)\t(654)\nOther expense net\t(1912)\t(2614)\t(5278)\t(7158)\nTotal other expense\t(21944)\t(21507)\t(61790)\t(80026)\nEquity in net income/(loss) of other unconsolidated subsidiaries\t906\t(665)\t2467\t(1087)\nIncome before income taxes\t106417\t37687\t297249\t101421\nIncome tax expense\t4812\t10850\t43058\t23900\nNet income\t101605\t26837\t254191\t77521\nNet income attributable to noncontrolling interests\t(480)\t(1116)\t(2117)\t(7530)\nNet income attributable to Darling\t101125\t25721\t252074\t69991\nBasic income per share\t0.62\t0.16\t1.55\t0.42\nDiluted income per share\t0.61\t0.15\t1.51\t0.42\n", "q10k_tbl_5": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\nNet income\t101605\t26837\t254191\t77521\nOther comprehensive income/(loss) net of tax:\t\t\t\t\nForeign currency translation\t37854\t(47626)\t(7243)\t(36186)\nPension adjustments\t648\t859\t1943\t2576\nCorn option derivative adjustments\t(2518)\t553\t(578)\t575\nHeating oil derivative adjustments\t1494\t(1683)\t3424\t450\nForeign exchange derivative adjustments\t1412\t(4944)\t(2060)\t(5430)\nTotal other comprehensive income/(loss) net of tax\t38890\t(52841)\t(4514)\t(38015)\nTotal comprehensive income/(loss)\t140495\t(26004)\t249677\t39506\nComprehensive income attributable to noncontrolling interests\t456\t1120\t1364\t7822\nComprehensive income/(loss) attributable to Darling\t140039\t(27124)\t248313\t31684\n", "q10k_tbl_6": "\tCommon Stock\t\t\t\t\t\t\t\t\n\tNumber of Outstanding Shares\t0.01 par Value\tAdditional Paid-In Capital\tTreasury Stock\tAccumulated Other Comprehensive Loss\tRetained Earnings\tStockholders' equity attributable to Darling\tNon-controlling Interests\tTotal Stockholders' Equity\nBalances at December 28 2019\t163775111\t1686\t1560897\t(75022)\t(321847)\t1400105\t2565819\t77531\t2643350\nNet income\t0\t0\t0\t0\t0\t85510\t85510\t581\t86091\nDeductions to noncontrolling interests\t0\t0\t3271\t0\t0\t0\t3271\t(13146)\t(9875)\nPension liability adjustments net of tax\t0\t0\t0\t0\t648\t0\t648\t0\t648\nHeating oil derivative adjustment net of tax\t0\t0\t0\t0\t10870\t0\t10870\t0\t10870\nCorn option derivative adjustment net of tax\t0\t0\t0\t0\t136\t0\t136\t0\t136\nForeign exchange derivative adjustment net of tax\t0\t0\t0\t0\t(9151)\t0\t(9151)\t0\t(9151)\nForeign currency translation adjustments\t0\t0\t0\t0\t(65147)\t0\t(65147)\t(89)\t(65236)\nIssuance of non-vested stock\t8000\t0\t40\t0\t0\t0\t40\t0\t40\nStock-based compensation\t0\t0\t10778\t0\t0\t0\t10778\t0\t10778\nTreasury stock\t(2372876)\t0\t0\t(60082)\t0\t0\t(60082)\t0\t(60082)\nIssuance of common stock\t447729\t5\t868\t0\t0\t0\t873\t0\t873\nBalances at March 28 2020\t161857964\t1691\t1575854\t(135104)\t(384491)\t1485615\t2543565\t64877\t2608442\nNet income\t0\t0\t0\t0\t0\t65439\t65439\t1056\t66495\nDeductions to noncontrolling interest\t0\t0\t0\t0\t0\t0\t0\t(299)\t(299)\nPension liability adjustments net of tax\t0\t0\t0\t0\t647\t0\t647\t0\t647\nHeating oil derivative adjustment net of tax\t0\t0\t0\t0\t(8940)\t0\t(8940)\t0\t(8940)\nCorn option derivative adjustment net of tax\t0\t0\t0\t0\t1804\t0\t1804\t0\t1804\nForeign exchange derivative adjustment net of tax\t0\t0\t0\t0\t5679\t0\t5679\t0\t5679\nForeign currency translation adjustments\t0\t0\t0\t0\t20779\t0\t20779\t(640)\t20139\nIssuance of non-vested stock\t0\t0\t55\t0\t0\t0\t55\t0\t55\nStock-based compensation\t0\t0\t4693\t0\t0\t0\t4693\t0\t4693\nTreasury stock\t(72540)\t0\t0\t(1572)\t0\t0\t(1572)\t0\t(1572)\nIssuance of common stock\t172852\t1\t1210\t0\t0\t0\t1211\t0\t1211\nBalances at June 27 2020\t161958276\t1692\t1581812\t(136676)\t(364522)\t1551054\t2633360\t64994\t2698354\nNet income\t0\t0\t0\t0\t0\t101125\t101125\t480\t101605\nDeductions to noncontrolling interest\t0\t0\t0\t0\t0\t0\t0\t(4181)\t(4181)\nPension liability adjustments net of tax\t0\t0\t0\t0\t648\t0\t648\t0\t648\nHeating oil derivative adjustment net of tax\t0\t0\t0\t0\t1494\t0\t1494\t0\t1494\nCorn option derivative adjustment net of tax\t0\t0\t0\t0\t(2518)\t0\t(2518)\t0\t(2518)\nForeign exchange derivative adjustment net of tax\t0\t0\t0\t0\t1412\t0\t1412\t0\t1412\nForeign currency translation adjustments\t0\t0\t0\t0\t37878\t0\t37878\t(24)\t37854\nIssuance of non-vested stock\t0\t0\t56\t0\t0\t0\t56\t0\t56\nStock-based compensation\t0\t0\t3580\t0\t0\t0\t3580\t0\t3580\nTreasury stock\t(220652)\t0\t0\t(7150)\t0\t0\t(7150)\t0\t(7150)\nIssuance of common stock\t329475\t4\t4031\t0\t0\t0\t4035\t0\t4035\nBalances at September 26 2020\t162067099\t1696\t1589479\t(143826)\t(325608)\t1652179\t2773920\t61269\t2835189\n", "q10k_tbl_7": "\tCommon Stock\t\t\t\t\t\t\t\t\n\tNumber of Outstanding Shares\t0.01 par Value\tAdditional Paid-In Capital\tTreasury Stock\tAccumulated Other Comprehensive Loss\tRetained Earnings\tStockholders' equity attributable to Darling\tNon-controlling Interests\tTotal Stockholders' Equity\nBalances at December 29 2018\t164660598\t1681\t1536157\t(47756)\t(304539)\t1087505\t2273048\t62773\t2335821\nNet income\t0\t0\t0\t0\t0\t18012\t18012\t1628\t19640\nPension liability adjustments net of tax\t0\t0\t0\t0\t858\t0\t858\t0\t858\nForeign exchange derivative adjustment net of tax\t0\t0\t0\t0\t(1937)\t0\t(1937)\t0\t(1937)\nForeign currency translation adjustments\t0\t0\t0\t0\t(6645)\t0\t(6645)\t1759\t(4886)\nStock-based compensation\t0\t0\t10403\t0\t0\t0\t10403\t0\t10403\nTreasury stock\t(223294)\t0\t0\t(5089)\t0\t0\t(5089)\t0\t(5089)\nIssuance of common stock\t311502\t3\t1886\t0\t0\t0\t1889\t0\t1889\nBalances at March 30 2019\t164748806\t1684\t1548446\t(52845)\t(312263)\t1105517\t2290539\t66160\t2356699\nNet income/(loss)\t0\t0\t0\t0\t0\t26258\t26258\t4786\t31044\nDeductions to noncontrolling interests\t0\t0\t0\t0\t0\t0\t0\t(5751)\t(5751)\nPension liability adjustments net of tax\t0\t0\t0\t0\t859\t0\t859\t0\t859\nHeating oil derivative adjustments net of tax\t0\t0\t0\t0\t2133\t0\t2133\t0\t2133\nCorn option derivative adjustment net of tax\t0\t0\t0\t0\t22\t0\t22\t0\t22\nForeign exchange derivative adjustment net of tax\t0\t0\t0\t0\t1451\t0\t1451\t0\t1451\nForeign currency translation adjustments\t0\t0\t0\t0\t17797\t0\t17797\t(1471)\t16326\nStock-based compensation\t0\t0\t3849\t0\t0\t0\t3849\t0\t3849\nTreasury stock\t(131)\t0\t0\t(3)\t0\t0\t(3)\t0\t(3)\nIssuance of common stock\t375\t0\t6\t0\t0\t0\t6\t0\t6\nBalances at June 29 2019\t164749050\t1684\t1552301\t(52848)\t(290001)\t1131775\t2342911\t63724\t2406635\nNet income/(loss)\t0\t0\t0\t0\t0\t25721\t25721\t1116\t26837\nDeductions to noncontrolling interests\t0\t0\t0\t0\t0\t0\t0\t(445)\t(445)\nPension liability adjustments net of tax\t0\t0\t0\t0\t859\t0\t859\t0\t859\nHeating oil derivative adjustments net of tax\t0\t0\t0\t0\t(1683)\t0\t(1683)\t0\t(1683)\nCorn option derivative adjustment net of tax\t0\t0\t0\t0\t553\t0\t553\t0\t553\nForeign exchange derivative adjustment net of tax\t0\t0\t0\t0\t(4944)\t0\t(4944)\t0\t(4944)\nForeign currency translation adjustments\t0\t0\t0\t0\t(47630)\t0\t(47630)\t4\t(47626)\nStock-based compensation\t0\t0\t4372\t0\t0\t0\t4372\t0\t4372\nTreasury stock\t(653931)\t0\t0\t(11785)\t0\t0\t(11785)\t0\t(11785)\nIssuance of common stock\t22955\t0\t119\t0\t0\t0\t119\t0\t119\nBalances at September 28 2019\t164118074\t1684\t1556792\t(64633)\t(342846)\t1157496\t2308493\t64399\t2372892\n", "q10k_tbl_8": "\tSeptember 26 2020\tSeptember 28 2019\nCash flows from operating activities:\t\t\nNet Income\t254191\t77521\nAdjustments to reconcile net income to net cash provided by operating activities:\t\t\nDepreciation and amortization\t253711\t239057\nLoss (gain) on disposal of property plant equipment and other assets\t210\t(20845)\nGain on insurance proceeds from insurance settlements\t0\t(1371)\nDeferred taxes\t13362\t(4765)\nIncrease (decrease) in long-term pension liability\t(7960)\t1122\nStock-based compensation expense\t19202\t18543\nWrite-off deferred loan costs\t2419\t4721\nDeferred loan cost amortization\t4242\t4435\nEquity in net income of Diamond Green Diesel and other unconsolidated subsidiaries\t(254878)\t(93303)\nDistributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries\t207165\t57118\nChanges in operating assets and liabilities net of effects from acquisitions:\t\t\nAccounts receivable\t36083\t20388\nIncome taxes refundable/payable\t8282\t8058\nInventories and prepaid expenses\t(43980)\t(34371)\nAccounts payable and accrued expenses\t(10832)\t(19799)\nOther\t(10804)\t6173\nNet cash provided by operating activities\t470413\t262682\nCash flows from investing activities:\t\t\nCapital expenditures\t(184919)\t(245092)\nAcquisitions net of cash acquired\t0\t(1431)\nInvestment in unconsolidated subsidiary\t0\t(2000)\nGross proceeds from disposal of property plant and equipment and other assets\t1291\t15402\nProceeds from insurance settlement\t0\t1371\nPayments related to routes and other intangibles\t(3712)\t(3150)\nNet cash used in investing activities\t(187340)\t(234900)\nCash flows from financing activities:\t\t\nProceeds from long-term debt\t24085\t511985\nPayments on long-term debt\t(171640)\t(566107)\nBorrowings from revolving credit facility\t390971\t325485\nPayments on revolving credit facility\t(415800)\t(332884)\nNet cash overdraft financing\t(33385)\t27858\nDeferred loan costs\t(3688)\t(7027)\nIssuance of common stock\t67\t39\nRepurchase of common stock\t(55044)\t(11740)\nMinimum withholding taxes paid on stock awards\t(7980)\t(3247)\nAcquisition of noncontrolling interest\t(8784)\t0\nDistributions to noncontrolling interests\t(6253)\t(4500)\nNet cash used in financing activities\t(287451)\t(60138)\nEffect of exchange rate changes on cash\t(2712)\t(5732)\nNet decrease in cash cash equivalents and restricted cash\t(7090)\t(38088)\nCash cash equivalents and restricted cash at beginning of period\t73045\t107369\nCash cash equivalents and restricted cash at end of period\t65955\t69281\nSupplemental disclosure of cash flow information:\t\t\nAccrued capital expenditures\t(2202)\t3978\nCash paid during the period for:\t\t\nInterest net of capitalized interest\t39481\t49727\nIncome taxes net of refunds\t24868\t21475\nNon-cash operating activities\t\t\nOperating lease right of use asset obtained in exchange for new lease liabilities\t44479\t16425\nNon-cash financing activities\t\t\nDebt issued for assets\t21\t0\n", "q10k_tbl_9": "\tNet Income per Common Share (in thousands except per share data)\t\t\t\t\t\n\tThree Months Ended\t\t\t\t\t\n\t\tSeptember 26 2020\t\t\tSeptember 28 2019\t\n\tIncome\tShares\tPer Share\tIncome\tShares\tPer Share\nBasic:\t\t\t\t\t\t\nNet Income attributable to Darling\t101125\t162264\t0.62\t25721\t164747\t0.16\nDiluted:\t\t\t\t\t\t\nEffect of dilutive securities:\t\t\t\t\t\t\nAdd: Option shares in the money and dilutive effect of non-vested stock awards\t\t6543\t\t\t5725\t\nLess: Pro forma treasury shares\t\t(1810)\t\t\t(2206)\t\nDiluted:\t\t\t\t\t\t\nNet income attributable to Darling\t101125\t166997\t0.61\t25721\t168266\t0.15\n", "q10k_tbl_10": "\tNet Income per Common Share (in thousands except per share data)\t\t\t\t\t\n\tNine Months Ended\t\t\t\t\t\n\t\tSeptember 26 2020\t\t\tSeptember 28 2019\t\n\tIncome\tShares\tPer Share\tIncome\tShares\tPer Share\nBasic:\t\t\t\t\t\t\nNet Income attributable to Darling\t252074\t162631\t1.55\t69991\t164846\t0.42\nDiluted:\t\t\t\t\t\t\nEffect of dilutive securities:\t\t\t\t\t\t\nAdd: Option shares in the money and dilutive effect of non-vested stock awards\t\t6391\t\t\t5885\t\nLess: Pro forma treasury shares\t\t(2048)\t\t\t(2278)\t\nDiluted:\t\t\t\t\t\t\nNet income attributable to Darling\t252074\t166974\t1.51\t69991\t168453\t0.42\n", "q10k_tbl_11": "(in thousands)\tSeptember 30 2020\tDecember 31 2019\nAssets:\t\t\nTotal current assets\t465669\t668026\nProperty plant and equipment net\t1039802\t713489\nOther assets\t32813\t30710\nTotal assets\t1538284\t1412225\nLiabilities and members' equity:\t\t\nTotal current portion of long term debt\t506\t341\nTotal other current liabilities\t98618\t75802\nTotal long term debt\t8839\t8742\nTotal other long term liabilities\t3875\t4422\nTotal members' equity\t1426446\t1322918\nTotal liabilities and members' equity\t1538284\t1412225\n", "q10k_tbl_12": "\tThree Months Ended\t\tNine Months Ended\t\n(in thousands)\tSeptember 30 2020\tSeptember 30 2019\tSeptember 30 2020\tSeptember 30 2019\nRevenues:\t\t\t\t\nOperating revenues\t346276\t262118\t1000717\t859647\nExpenses:\t\t\t\t\nTotal costs and expenses less depreciation amortization and accretion expense\t153406\t183022\t462364\t633109\nDepreciation amortization and accretion expense\t10772\t15242\t33660\t38574\nTotal costs and expenses\t164178\t198264\t496024\t671683\nOperating income\t182098\t63854\t504693\t187964\nOther income\t415\t506\t1076\t1781\nInterest and debt expense net\t(315)\t(320)\t(947)\t(965)\nNet income\t182198\t64040\t504822\t188780\n", "q10k_tbl_13": "\tSeptember 26 2020\tDecember 28 2019\nFinished product\t235134\t199799\nWork in process\t92201\t81841\nRaw material\t35039\t41964\nSupplies and other\t44431\t39353\n\t406805\t362957\n", "q10k_tbl_14": "\tSeptember 26 2020\tDecember 28 2019\nIndefinite Lived Intangible Assets\t\t\nTrade names\t53855\t52733\n\t53855\t52733\nFinite Lived Intangible Assets:\t\t\nRoutes\t375801\t382263\nPermits\t483444\t483593\nNon-compete agreements\t3163\t3840\nTrade names\t65670\t65670\nRoyalty consulting land use rights and leasehold\t24984\t20737\n\t953062\t956103\nAccumulated Amortization:\t\t\nRoutes\t(187162)\t(169050)\nPermits\t(298046)\t(272213)\nNon-compete agreements\t(2791)\t(3111)\nTrade names\t(37802)\t(32890)\nRoyalty consulting land use rights and leasehold\t(6323)\t(5178)\n\t(532124)\t(482442)\nTotal Intangible assets less accumulated amortization\t474793\t526394\n", "q10k_tbl_15": "\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tTotal\nBalance at December 28 2019\t\t\t\t\nGoodwill\t793457\t329654\t116555\t1239666\nAccumulated impairment losses\t(15914)\t(461)\t0\t(16375)\n\t777543\t329193\t116555\t1223291\nForeign currency translation\t3749\t9229\t3074\t16052\nBalance at September 26 2020\t\t\t\t\nGoodwill\t797206\t338883\t119629\t1255718\nAccumulated impairment losses\t(15914)\t(461)\t0\t(16375)\n\t781292\t338422\t119629\t1239343\n", "q10k_tbl_16": "\tSeptember 26 2020\tDecember 28 2019\nCompensation and benefits\t107986\t107324\nAccrued ad valorem and franchise taxes\t38533\t30231\nAccrued operating expenses\t62681\t67194\nOther accrued expense\t121185\t106642\n\t330385\t311391\n", "q10k_tbl_17": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\nOperating lease expense\t12401\t11589\t35696\t36417\nShort-term lease costs\t6904\t4903\t18729\t10653\nTotal lease cost\t19305\t16492\t54425\t47070\n", "q10k_tbl_18": "\tNine Months Ended\t\n\tSeptember 26 2020\tSeptember 28 2019\nCash paid for amounts included in the measurement of lease liabilities\t\t\nOperating cash flows from operating leases\t37654\t35325\n\tSeptember 26 2020\tDecember 28 2019\nOperating right-of-use assets net\t142269\t124726\nOperating lease liability current\t40973\t37805\nOperating lease liability non-current\t105821\t91424\nTotal operating lease liabilities\t146794\t129229\nWeighted average remaining lease term - operating leases\t6.30 years\t6.46 years\nWeighted average discount rate - operating leases\t4.22%\t4.55%\n", "q10k_tbl_19": "Period Ending Fiscal\tOperating Leases\tCapital Leases\n2020 (excluding the nine months ended September 26 2020)\t13724\t19\n2021\t41068\t16\n2022\t29886\t16\n2023\t25085\t10\n2024\t18797\t8\nThereafter\t33261\t1\n\t161821\t70\nLess amounts representing interest\t(15027)\t(5)\nLease obligations included in current and long-term liabilities\t146794\t65\n", "q10k_tbl_20": "\tSeptember 26 2020\tDecember 28 2019\nAmended Credit Agreement:\t\t\nRevolving Credit Facility\t15000\t39000\nTerm Loan B\t350000\t495000\nLess unamortized deferred loan costs\t(4689)\t(7696)\nCarrying value Term Loan B\t345311\t487304\n5.25% Senior Notes due 2027 with effective interest of 5.47%\t500000\t500000\nLess unamortized deferred loan costs\t(5943)\t(6494)\nCarrying value 5.25% Senior Notes due 2027\t494057\t493506\n3.625% Senior Notes due 2026 - Denominated in euro with effective interest of 3.83%\t598997\t574096\nLess unamortized deferred loan costs - Denominated in euro\t(6519)\t(6982)\nCarrying value 3.625% Senior Notes due 2026\t592478\t567114\nOther Notes and Obligations\t27358\t62501\n\t1474204\t1649425\nLess Current Maturities\t26185\t90996\n\t1448019\t1558429\n", "q10k_tbl_21": "\tThree Months Ended\t\t\t\t\t\n\tBefore-Tax\t\tTax (Expense)\t\tNet-of-Tax\t\n\tAmount\t\tor Benefit\t\tAmount\t\n\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\nDefined benefit pension plans\t\t\t\t\t\t\nAmortization of prior service (cost)/benefit\t9\t9\t(2)\t(2)\t7\t7\nAmortization of actuarial loss\t854\t1146\t(213)\t(294)\t641\t852\nTotal defined benefit pension plans\t863\t1155\t(215)\t(296)\t648\t859\nCorn option derivatives\t\t\t\t\t\t\nGain/(loss) reclassified to net income\t229\t206\t(57)\t(54)\t172\t152\nGain/(loss) activity recognized in other comprehensive income/(loss)\t(3588)\t542\t898\t(141)\t(2690)\t401\nTotal corn option derivatives\t(3359)\t748\t841\t(195)\t(2518)\t553\nHeating oil derivatives\t\t\t\t\t\t\nGain/(loss) activity recognized in other comprehensive income/(loss)\t1992\t(2268)\t(498)\t585\t1494\t(1683)\nTotal heating oil derivatives\t1992\t(2268)\t(498)\t585\t1494\t(1683)\nForeign exchange derivatives\t\t\t\t\t\t\nGain/(loss) reclassified to net income\t(5317)\t1178\t385\t(362)\t(4932)\t816\nGain/(loss) activity recognized in other comprehensive income/(loss)\t7486\t(8405)\t(1142)\t2645\t6344\t(5760)\nTotal foreign exchange derivatives\t2169\t(7227)\t(757)\t2283\t1412\t(4944)\nForeign currency translation\t39237\t(48954)\t(1383)\t1328\t37854\t(47626)\nOther comprehensive income/(loss)\t40902\t(56546)\t(2012)\t3705\t38890\t(52841)\n", "q10k_tbl_22": "\tNine Months Ended\t\t\t\t\t\n\tBefore-Tax\t\tTax (Expense)\t\tNet-of-Tax\t\n\tAmount\t\tor Benefit\t\tAmount\t\n\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\nDefined benefit pension plans\t\t\t\t\t\t\nAmortization of prior service (cost)/benefit\t25\t27\t(6)\t(7)\t19\t20\nAmortization of actuarial loss\t2562\t3439\t(638)\t(883)\t1924\t2556\nTotal defined benefit pension plans\t2587\t3466\t(644)\t(890)\t1943\t2576\nCorn option derivatives\t\t\t\t\t\t\nGain/(loss) reclassified to net income\t1168\t169\t(292)\t(44)\t876\t125\nGain/(loss) activity recognized in other comprehensive income/(loss)\t(1939)\t609\t485\t(159)\t(1454)\t450\nTotal corn option derivatives\t(771)\t778\t193\t(203)\t(578)\t575\nHeating oil derivatives\t\t\t\t\t\t\nGain/(loss) activity recognized in other comprehensive income/(loss)\t4565\t606\t(1141)\t(156)\t3424\t450\nTotal heating oil derivatives\t4565\t606\t(1141)\t(156)\t3424\t450\nForeign exchange derivatives\t\t\t\t\t\t\nGain/(loss) reclassified to net income\t(10564)\t1465\t1690\t(473)\t(8874)\t992\nGain/(loss) activity recognized in other comprehensive income/(loss)\t8112\t(9485)\t(1298)\t3063\t6814\t(6422)\nTotal foreign exchange derivatives\t(2452)\t(8020)\t392\t2590\t(2060)\t(5430)\nForeign currency translation\t(5798)\t(37695)\t(1445)\t1509\t(7243)\t(36186)\nOther comprehensive income/(loss)\t(1869)\t(40865)\t(2645)\t2850\t(4514)\t(38015)\n", "q10k_tbl_23": "\tThree Months Ended\t\tNine Months Ended\t\t\n\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\tStatement of Operations Classification\nDerivative instruments\t\t\t\t\t\nForeign exchange contracts\t5317\t(1178)\t10564\t(1465)\tNet sales\nCorn option derivatives\t(229)\t(206)\t(1168)\t(169)\tCost of sales and operating expenses\n\t5088\t(1384)\t9396\t(1634)\tTotal before tax\n\t(328)\t416\t(1398)\t517\tIncome taxes\n\t4760\t(968)\t7998\t(1117)\tNet of tax\nDefined benefit pension plans\t\t\t\t\t\nAmortization of prior service cost\t(9)\t(9)\t(25)\t(27)\t(a)\nAmortization of actuarial loss\t(854)\t(1146)\t(2562)\t(3439)\t(a)\n\t(863)\t(1155)\t(2587)\t(3466)\tTotal before tax\n\t215\t296\t644\t890\tIncome taxes\n\t(648)\t(859)\t(1943)\t(2576)\tNet of tax\nTotal reclassifications\t4112\t(1827)\t6055\t(3693)\tNet of tax\n", "q10k_tbl_24": "\tNine Months Ended September 26 2020\t\t\t\n\tForeign Currency\tDerivative\tDefined Benefit\t\n\tTranslation\tInstruments\tPension Plans\tTotal\nAccumulated Other Comprehensive loss December 28 2019 attributable to Darling net of tax\t(282338)\t(5505)\t(34004)\t(321847)\nOther comprehensive income/(loss) before reclassifications\t(7243)\t8784\t0\t1541\nAmounts reclassified from accumulated other comprehensive loss\t0\t(7998)\t1943\t(6055)\nNet current-period other comprehensive income/(loss)\t(7243)\t786\t1943\t(4514)\nNoncontrolling interest\t(753)\t0\t0\t(753)\nAccumulated Other Comprehensive loss September 26 2020 attributable to Darling net of tax\t(288828)\t(4719)\t(32061)\t(325608)\n", "q10k_tbl_25": "\tPension Benefits\t\tPension Benefits\t\n\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\nService cost\t764\t664\t2268\t2025\nInterest cost\t1425\t1698\t4283\t5122\nExpected return on plan assets\t(2042)\t(1816)\t(6113)\t(5452)\nAmortization of prior service cost\t9\t9\t25\t27\nAmortization of net loss\t854\t1146\t2562\t3439\nNet pension cost\t1010\t1701\t3025\t5161\n", "q10k_tbl_26": "Functional Currency\t\tContract Currency\t\nType\tAmount\tType\tAmount\nBrazilian real\t25116\tEuro\t3970\nBrazilian real\t1380739\tU.S. dollar\t312563\nEuro\t44794\tU.S. dollar\t52350\nEuro\t39191\tPolish zloty\t175000\nEuro\t4962\tJapanese yen\t610249\nEuro\t9953\tChinese renminbi\t80042\nEuro\t15354\tAustralian dollar\t24850\nEuro\t4118\tBritish pound\t3730\nEuro\t33\tCanadian dollar\t50\nEuro\t4789\tBrazilian real\t30000\nPolish zloty\t19226\tEuro\t4295\nBritish pound\t77\tEuro\t84\nJapanese yen\t205545\tU.S. dollar\t1944\nU.S. dollar\t864\tJapanese yen\t90000\nU.S. dollar\t94415\tEuro\t80000\n", "q10k_tbl_27": "\t\tLoss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges\t\t\t\n\t\tThree Months Ended\t\tNine Months Ended\t\nDerivatives not designated as hedging instruments\tLocation\tSeptember 26 2020\tSeptember 28 2019\tSeptember 26 2020\tSeptember 28 2019\nForeign exchange\tForeign currency loss\t(1957)\t95\t(1995)\t1632\nForeign exchange\tNet sales\t(566)\t1244\t57\t1306\nForeign exchange\tCost of sales and operating expenses\t111\t(567)\t(946)\t(661)\nForeign exchange\tSelling general and administrative expense\t1187\t1915\t8091\t2437\nCorn options and futures\tNet sales\t(914)\t881\t876\t619\nCorn options and futures\tCost of sales and operating expenses\t754\t(2509)\t(2332)\t(1866)\nHeating oil swaps and options\tNet sales\t0\t0\t(38)\t0\nHeating Oil swaps and options\tCost of sales and operating expenses\t0\t0\t0\t(506)\nTotal\t\t(1385)\t1059\t3713\t2961\n", "q10k_tbl_28": "\t\tFair Value Measurements at September 26 2020 Using\t\t\n\t\tQuoted Prices in Active Markets for Identical Assets\tSignificant Other Observable Inputs\tSignificant Unobservable Inputs\n(In thousands of dollars)\tTotal\t(Level 1)\t(Level 2)\t(Level 3)\nAssets:\t\t\t\t\nDerivative instruments\t5535\t0\t5535\t0\nTotal Assets\t5535\t0\t5535\t0\nLiabilities:\t\t\t\t\nDerivative instruments\t7366\t0\t7366\t0\n5.25% Senior notes\t522400\t0\t522400\t0\n3.625% Senior notes\t605406\t0\t605406\t0\nTerm loan B\t348250\t0\t348250\t0\nRevolver debt\t14700\t0\t14700\t0\nTotal Liabilities\t1498122\t0\t1498122\t0\n", "q10k_tbl_29": "\t\tFair Value Measurements at December 28 2019 Using\t\t\n\t\tQuoted Prices in Active Markets for Identical Assets\tSignificant Other Observable Inputs\tSignificant Unobservable Inputs\n(In thousands of dollars)\tTotal\t(Level 1)\t(Level 2)\t(Level 3)\nAssets:\t\t\t\t\nDerivative instruments\t4140\t0\t4140\t0\nTotal Assets\t4140\t0\t4140\t0\nLiabilities:\t\t\t\t\nDerivative instruments\t1593\t0\t1593\t0\n5.25% Senior notes\t531850\t0\t531850\t0\n3.625% Senior notes\t605327\t0\t605327\t0\nTerm loan B\t497475\t0\t497475\t0\nRevolver debt\t38805\t0\t38805\t0\nTotal Liabilities\t1675050\t0\t1675050\t0\n", "q10k_tbl_30": "\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tCorporate\tTotal\nThree Months Ended September 26 2020\t\t\t\t\t\nNet Sales\t483025\t291842\t75702\t0\t850569\nCost of sales and operating expenses\t361576\t226745\t50047\t0\t638368\nGross Margin\t121449\t65097\t25655\t0\t212201\nLoss/(gain) on sale of assets\t167\t16\t(61)\t0\t122\nSelling general and administrative expenses\t49028\t23366\t5038\t12561\t89993\nDepreciation and amortization\t53764\t20648\t8633\t2685\t85730\nEquity in net income of Diamond Green Diesel\t0\t0\t91099\t0\t91099\nSegment operating income/(loss)\t18490\t21067\t103144\t(15246)\t127455\nEquity in net income of other unconsolidated subsidiaries\t906\t0\t0\t0\t906\nSegment income/(loss)\t19396\t21067\t103144\t(15246)\t128361\nTotal other expense\t\t\t\t\t(21944)\nIncome before income taxes\t\t\t\t\t106417\n", "q10k_tbl_31": "\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tCorporate\tTotal\nThree Months Ended September 28 2019\t\t\t\t\t\nNet Sales\t496978\t276467\t68604\t0\t842049\nCost of sales and operating expenses\t379792\t214643\t58488\t0\t652923\nGross Margin\t117186\t61824\t10116\t0\t189126\nLoss/(gain) on sale of assets\t(2429)\t(253)\t13\t0\t(2669)\nSelling general and administrative expenses\t47319\t22811\t912\t12507\t83549\nDepreciation and amortization\t50182\t19743\t7895\t2587\t80407\nEquity in net income of Diamond Green Diesel\t0\t0\t32020\t0\t32020\nSegment operating income/(loss)\t22114\t19523\t33316\t(15094)\t59859\nEquity in net loss of other unconsolidated subsidiaries\t(665)\t0\t0\t0\t(665)\nSegment income/(loss)\t21449\t19523\t33316\t(15094)\t59194\nTotal other expense\t\t\t\t\t(21507)\nIncome before income taxes\t\t\t\t\t37687\n", "q10k_tbl_32": "\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tCorporate\tTotal\nNine Months Ended September 26 2020\t\t\t\t\t\nNet Sales\t1499340\t841070\t211674\t0\t2552084\nCost of sales and operating expenses\t1117931\t652334\t147358\t0\t1917623\nGross Margin\t381409\t188736\t64316\t0\t634461\nLoss/(gain) on sale of assets\t293\t(30)\t(53)\t0\t210\nSelling general and administrative expense\t153459\t71406\t10645\t40869\t276379\nDepreciation and amortization\t159968\t60925\t24705\t8113\t253711\nEquity in net income of Diamond Green Diesel\t0\t0\t252411\t0\t252411\nSegment operating income/(loss)\t67689\t56435\t281430\t(48982)\t356572\nEquity in net income of other unconsolidated subsidiaries\t2467\t0\t0\t0\t2467\nSegment income/(loss)\t70156\t56435\t281430\t(48982)\t359039\nTotal other expense\t\t\t\t\t(61790)\nIncome before income taxes\t\t\t\t\t297249\nSegment assets at September 26 2020\t2604359\t1300097\t1117186\t359344\t5380986\n", "q10k_tbl_33": "\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tCorporate\tTotal\nNine Months Ended September 28 2019\t\t\t\t\t\nNet Sales\t1480244\t830466\t193767\t0\t2504477\nCost of sales and operating expenses\t1143606\t643091\t161855\t0\t1948552\nGross Margin\t336638\t187375\t31912\t0\t555925\nLoss/(gain) on sale of assets\t(7343)\t(13518)\t16\t0\t(20845)\nSelling general and administrative expense\t142615\t68129\t583\t38242\t249569\nDepreciation and amortization\t148271\t59115\t24055\t7616\t239057\nEquity in net income of Diamond Green Diesel\t0\t0\t94390\t0\t94390\nSegment operating income/(loss)\t53095\t73649\t101648\t(45858)\t182534\nEquity in net loss of other unconsolidated subsidiaries\t(1087)\t0\t0\t0\t(1087)\nSegment income/(loss)\t52008\t73649\t101648\t(45858)\t181447\nTotal other expense\t\t\t\t\t(80026)\nIncome before income taxes\t\t\t\t\t101421\nSegment assets at December 28 2019\t2653363\t1345526\t1087701\t258668\t5345258\n", "q10k_tbl_34": "\tThree Months Ended September 26 2020\t\t\t\n\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tTotal\nGeographic Area\t\t\t\t\nNorth America\t390182\t66554\t5678\t462414\nEurope\t85803\t152372\t70024\t308199\nChina\t4310\t43491\t0\t47801\nSouth America\t0\t11711\t0\t11711\nOther\t2730\t17714\t0\t20444\nNet sales\t483025\t291842\t75702\t850569\nMajor product types\t\t\t\t\nFats\t153496\t35108\t0\t188604\nUsed cooking oil\t45659\t0\t0\t45659\nProteins\t190663\t0\t0\t190663\nBakery\t44402\t0\t0\t44402\nOther rendering\t39041\t0\t0\t39041\nFood ingredients\t0\t238651\t0\t238651\nBioenergy\t0\t0\t70024\t70024\nBiofuels\t0\t0\t5678\t5678\nOther\t9764\t18083\t0\t27847\nNet sales\t483025\t291842\t75702\t850569\n", "q10k_tbl_35": "\tNine Months Ended September 26 2020\t\t\t\n\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tTotal\nGeographic Area\t\t\t\t\nNorth America\t1236963\t171517\t12069\t1420549\nEurope\t244712\t468285\t199605\t912602\nChina\t10087\t128490\t0\t138577\nSouth America\t0\t24377\t0\t24377\nOther\t7578\t48401\t0\t55979\nNet sales\t1499340\t841070\t211674\t2552084\nMajor product types\t\t\t\t\nFats\t484287\t100423\t0\t584710\nUsed cooking oil\t132274\t0\t0\t132274\nProteins\t596784\t0\t0\t596784\nBakery\t129467\t0\t0\t129467\nOther rendering\t125669\t0\t0\t125669\nFood ingredients\t0\t676970\t0\t676970\nBioenergy\t0\t0\t199605\t199605\nBiofuels\t0\t0\t12069\t12069\nOther\t30859\t63677\t0\t94536\nNet sales\t1499340\t841070\t211674\t2552084\n", "q10k_tbl_36": "\tThree Months Ended September 28 2019\t\t\t\n\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tTotal\nGeographic Area Revenues\t\t\t\t\nNorth America\t411566\t53483\t11176\t476225\nEurope\t76526\t150647\t57428\t284601\nChina\t6413\t43447\t0\t49860\nSouth America\t0\t13154\t0\t13154\nOther\t2473\t15736\t0\t18209\nNet sales\t496978\t276467\t68604\t842049\nMajor product types\t\t\t\t\nFats\t150018\t33186\t0\t183204\nUsed cooking oil\t45793\t0\t0\t45793\nProteins\t196912\t0\t0\t196912\nBakery\t51570\t0\t0\t51570\nOther rendering\t40444\t0\t0\t40444\nFood ingredients\t0\t221091\t0\t221091\nBioenergy\t0\t0\t57428\t57428\nBiofuels\t0\t0\t11176\t11176\nOther\t12241\t22190\t0\t34431\nNet sales\t496978\t276467\t68604\t842049\n", "q10k_tbl_37": "\tNine Months Ended September 28 2019\t\t\t\n\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tTotal\nGeographic Area Revenues\t\t\t\t\nNorth America\t1223253\t157097\t26530\t1406880\nEurope\t235381\t450106\t167237\t852724\nChina\t14318\t133368\t0\t147686\nSouth America\t0\t37944\t0\t37944\nOther\t7292\t51951\t0\t59243\nNet sales\t1480244\t830466\t193767\t2504477\nMajor product types\t\t\t\t\nFats\t438436\t99109\t0\t537545\nUsed cooking oil\t136498\t0\t0\t136498\nProteins\t603110\t0\t0\t603110\nBakery\t141641\t0\t0\t141641\nOther rendering\t122581\t0\t0\t122581\nFood ingredients\t0\t666235\t0\t666235\nBioenergy\t0\t0\t167237\t167237\nBiofuels\t0\t0\t26530\t26530\nOther\t37978\t65122\t0\t103100\nNet sales\t1480244\t830466\t193767\t2504477\n", "q10k_tbl_38": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nASSETS\t\t\t\t\t\nCash and cash equivalents\t717\t24\t65104\t0\t65845\nRestricted cash\t103\t0\t7\t0\t110\nAccounts receivable\t39557\t738574\t732110\t(1136658)\t373583\nInventories\t22371\t96942\t287492\t0\t406805\nIncome taxes refundable\t1557\t0\t2383\t0\t3940\nPrepaid expenses\t27212\t2496\t22651\t0\t52359\nOther current assets\t3257\t(4072)\t34502\t(5155)\t28532\nTotal current assets\t94774\t833964\t1144249\t(1141813)\t931174\nInvestment in subsidiaries\t5739060\t1283699\t844045\t(7866804)\t0\nProperty plant and equipment net\t432303\t512587\t844282\t0\t1789172\nIntangible assets net\t40172\t148029\t286592\t0\t474793\nGoodwill\t49902\t490748\t698693\t0\t1239343\nInvestment in unconsolidated subsidiaries\t0\t0\t742875\t0\t742875\nOperating lease right-of-use asset\t85490\t30174\t26605\t0\t142269\nOther assets\t39192\t134\t99320\t(93048)\t45598\nDeferred taxes\t0\t0\t15762\t0\t15762\n\t6480893\t3299335\t4702423\t(9101665)\t5380986\nLIABILITIES AND STOCKHOLDERS' EQUITY\t\t\t\t\t\nCurrent portion of long-term debt\t6503\t11\t24826\t(5155)\t26185\nAccounts payable\t1166310\t26363\t150976\t(1136651)\t206998\nIncome taxes payable\t2118\t0\t16895\t0\t19013\nCurrent operating lease liability\t21679\t10752\t8542\t0\t40973\nAccrued expenses\t107147\t28786\t194459\t(7)\t330385\nTotal current liabilities\t1303757\t65912\t395698\t(1141813)\t623554\nLong-term debt net of current portion\t947431\t22\t593614\t(93048)\t1448019\nLong-term operating lease liability\t69276\t19158\t17387\t0\t105821\nOther noncurrent liabilities\t68474\t0\t34085\t0\t102559\nDeferred income taxes\t144236\t0\t121608\t0\t265844\nTotal liabilities\t2533174\t85092\t1162392\t(1234861)\t2545797\nTotal stockholders' equity\t3947719\t3214243\t3540031\t(7866804)\t2835189\n\t6480893\t3299335\t4702423\t(9101665)\t5380986\n", "q10k_tbl_39": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nASSETS\t\t\t\t\t\nCash and cash equivalents\t551\t26\t72358\t0\t72935\nRestricted cash\t103\t0\t7\t0\t110\nAccounts receivable\t51097\t702945\t518614\t(866318)\t406338\nInventories\t26893\t86609\t249455\t0\t362957\nIncome taxes refundable\t1106\t0\t2211\t0\t3317\nPrepaid expenses\t20888\t2241\t23470\t0\t46599\nOther current assets\t5399\t(2326)\t40872\t(18913)\t25032\nTotal current assets\t106037\t789495\t906987\t(885231)\t917288\nInvestment in subsidiaries\t5365956\t1366635\t844043\t(7576634)\t0\nProperty plant and equipment net\t434237\t524577\t843597\t0\t1802411\nIntangible assets net\t44404\t170581\t311409\t0\t526394\nGoodwill\t49902\t490748\t682641\t0\t1223291\nInvestment in unconsolidated subsidiaries\t0\t0\t689354\t0\t689354\nOperating lease right-of-use asset\t74005\t31243\t19478\t0\t124726\nOther assets\t35456\t134\t61974\t(50164)\t47400\nDeferred income taxes\t0\t0\t14394\t0\t14394\n\t6109997\t3373413\t4373877\t(8512029)\t5345258\nLIABILITIES AND STOCKHOLDERS' EQUITY\t\t\t\t\t\nCurrent portion of long-term debt\t40916\t10\t68983\t(18913)\t90996\nAccounts payable\t893490\t29535\t182484\t(866257)\t239252\nIncome taxes payable\t(10)\t0\t8905\t0\t8895\nCurrent operating lease liability\t20454\t10510\t6841\t0\t37805\nAccrued expenses\t116758\t32861\t161833\t(61)\t311391\nTotal current liabilities\t1071608\t72916\t429046\t(885231)\t688339\nLong-term debt net of current portion\t1040974\t30\t567589\t(50164)\t1558429\nLong-term operating lease liability\t58970\t20281\t12173\t0\t91424\nOther noncurrent liabilities\t80409\t0\t35376\t0\t115785\nDeferred income taxes\t122109\t0\t125822\t0\t247931\nTotal liabilities\t2374070\t93227\t1170006\t(935395)\t2701908\nTotal stockholders' equity\t3735927\t3280186\t3203871\t(7576634)\t2643350\n\t6109997\t3373413\t4373877\t(8512029)\t5345258\n", "q10k_tbl_40": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nNet sales\t173659\t309837\t416297\t(49224)\t850569\nCost and expenses:\t\t\t\t\t\nCost of sales and operating expenses\t134887\t249004\t303701\t(49224)\t638368\nLoss/(gain) on sale of assets\t89\t119\t(86)\t0\t122\nSelling general and administrative expenses\t42103\t11520\t36370\t0\t89993\nDepreciation and amortization\t17167\t26362\t42201\t0\t85730\nTotal costs and expenses\t194246\t287005\t382186\t(49224)\t814213\nEquity in net income of Diamond Green Diesel\t0\t0\t91099\t0\t91099\nOperating income/(loss)\t(20587)\t22832\t125210\t0\t127455\nInterest expense\t(13152)\t(37)\t(5604)\t0\t(18793)\nForeign currency gains/(losses)\t(93)\t3\t(1149)\t0\t(1239)\nOther expense net\t(1336)\t(562)\t(14)\t0\t(1912)\nEquity in net income of other unconsolidated subsidiaries\t0\t0\t906\t0\t906\nEarnings in investments in subsidiaries\t135357\t0\t0\t(135357)\t0\nIncome/(loss) before taxes\t100189\t22236\t119349\t(135357)\t106417\nIncome tax expense/(benefit)\t(936)\t360\t5388\t0\t4812\nNet income attributable to noncontrolling interests\t0\t0\t(480)\t0\t(480)\nNet income/(loss) attributable to Darling\t101125\t21876\t113481\t(135357)\t101125\n", "q10k_tbl_41": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nNet sales\t540493\t930788\t1225680\t(144877)\t2552084\nCost and expenses:\t\t\t\t\t\nCost of sales and operating expenses\t419771\t741292\t901437\t(144877)\t1917623\nLoss/(gain) on sale of assets\t127\t174\t(91)\t0\t210\nSelling general and administrative expenses\t135114\t35061\t106204\t0\t276379\nDepreciation and amortization\t51428\t79178\t123105\t0\t253711\nTotal costs and expenses\t606440\t855705\t1130655\t(144877)\t2447923\nEquity in net income of Diamond Green Diesel\t0\t0\t252411\t0\t252411\nOperating income/(loss)\t(65947)\t75083\t347436\t0\t356572\nInterest expense\t(39378)\t(139)\t(16286)\t0\t(55803)\nForeign currency losses\t(603)\t(22)\t(84)\t0\t(709)\nOther expense net\t(4076)\t(1191)\t(11)\t0\t(5278)\nEquity in net income of other unconsolidated subsidiaries\t0\t0\t2467\t0\t2467\nEarnings in investments in subsidiaries\t346144\t0\t0\t(346144)\t0\nIncome/(loss) before taxes\t236140\t73731\t333522\t(346144)\t297249\nIncome tax expense/(benefit)\t(15934)\t10680\t48312\t0\t43058\nNet income attributable to noncontrolling interests\t0\t0\t(2117)\t0\t(2117)\nNet income/(loss) attributable to Darling\t252074\t63051\t283093\t(346144)\t252074\n", "q10k_tbl_42": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nNet sales\t164488\t330655\t403749\t(56843)\t842049\nCost and expenses:\t\t\t\t\t\nCost of sales and operating expenses\t130498\t273238\t306030\t(56843)\t652923\nGain on sale of assets\t(86)\t(2343)\t(240)\t0\t(2669)\nSelling general and administrative expenses\t41225\t12319\t30005\t0\t83549\nDepreciation and amortization\t15071\t25317\t40019\t0\t80407\nTotal costs and expenses\t186708\t308531\t375814\t(56843)\t814210\nEquity in net income of Diamond Green Diesel\t0\t0\t32020\t0\t32020\nOperating income/(loss)\t(22220)\t22124\t59955\t0\t59859\nInterest expense\t(13862)\t(52)\t(5445)\t0\t(19359)\nForeign currency gains/(losses)\t(30)\t(4)\t500\t0\t466\nOther expense net\t(2026)\t(431)\t(157)\t0\t(2614)\nEquity in net income/(loss) of other unconsolidated subsidiaries\t(1172)\t0\t507\t0\t(665)\nEarnings in investments in subsidiaries\t52697\t0\t0\t(52697)\t0\nIncome/(loss) before taxes\t13387\t21637\t55360\t(52697)\t37687\nIncome tax expense/(benefit)\t(12334)\t6472\t16712\t0\t10850\nNet income attributable to noncontrolling interests\t0\t0\t(1116)\t0\t(1116)\nNet income/(loss) attributable to Darling\t25721\t15165\t37532\t(52697)\t25721\n", "q10k_tbl_43": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nNet sales\t481645\t986390\t1206999\t(170557)\t2504477\nCost and expenses:\t\t\t\t\t\nCost of sales and operating expenses\t384408\t813491\t921210\t(170557)\t1948552\nGain on sale of assets\t(44)\t(7331)\t(13470)\t0\t(20845)\nSelling general and administrative expenses\t129218\t35042\t85309\t0\t249569\nDepreciation and amortization\t43668\t76594\t118795\t0\t239057\nTotal costs and expenses\t557250\t917796\t1111844\t(170557)\t2416333\nEquity in net income of Diamond Green Diesel\t0\t0\t94390\t0\t94390\nOperating income/(loss)\t(75605)\t68594\t189545\t0\t182534\nInterest expense\t(42967)\t(108)\t(17013)\t0\t(60088)\nDebt extinguishment costs\t(12126)\t0\t0\t0\t(12126)\nForeign currency losses\t(31)\t(3)\t(620)\t0\t(654)\nOther income/(expense) net\t(4878)\t(2407)\t127\t0\t(7158)\nEquity in net income/(loss) of other unconsolidated subsidiaries\t(3090)\t0\t2003\t0\t(1087)\nEarnings in investments in subsidiaries\t176004\t0\t0\t(176004)\t0\nIncome/(loss) before taxes\t37307\t66076\t174042\t(176004)\t101421\nIncome tax expense/(benefit)\t(32684)\t15571\t41013\t0\t23900\nNet income attributable to noncontrolling interests\t0\t0\t(7530)\t0\t(7530)\nNet income/(loss) attributable to Darling\t69991\t50505\t125499\t(176004)\t69991\n", "q10k_tbl_44": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nNet income/(loss)\t101605\t21876\t113481\t(135357)\t101605\nOther comprehensive income/(loss) net of tax:\t\t\t\t\t\nForeign currency translation\t(732)\t0\t38586\t0\t37854\nPension adjustments\t518\t0\t130\t0\t648\nCorn option derivative adjustments\t(2518)\t0\t0\t0\t(2518)\nHeating oil derivative adjustments\t0\t0\t1494\t0\t1494\nForeign exchange derivative adjustments\t0\t0\t1412\t0\t1412\nTotal other comprehensive income/(loss) net of tax\t(2732)\t0\t41622\t0\t38890\nTotal comprehensive income/(loss)\t98873\t21876\t155103\t(135357)\t140495\nTotal comprehensive income attributable to noncontrolling interest\t0\t0\t456\t0\t456\nTotal comprehensive income/(loss) attributable to Darling\t98873\t21876\t154647\t(135357)\t140039\n", "q10k_tbl_45": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nNet income/(loss)\t254191\t63051\t283093\t(346144)\t254191\nOther comprehensive income/ (loss) net of tax:\t\t\t\t\t\nForeign currency translation\t(1445)\t(128994)\t123196\t0\t(7243)\nPension adjustments\t1554\t0\t389\t0\t1943\nCorn option derivative adjustments\t(578)\t0\t0\t0\t(578)\nHeating oil derivative adjustments\t0\t0\t3424\t0\t3424\nForeign exchange derivative adjustments\t0\t0\t(2060)\t0\t(2060)\nTotal other comprehensive income/(loss) net of tax\t(469)\t(128994)\t124949\t0\t(4514)\nTotal comprehensive income/(loss)\t253722\t(65943)\t408042\t(346144)\t249677\nTotal comprehensive income attributable to noncontrolling interest\t0\t0\t1364\t0\t1364\nTotal comprehensive income/(loss) attributable to Darling\t253722\t(65943)\t406678\t(346144)\t248313\n", "q10k_tbl_46": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nNet income/(loss)\t26837\t15165\t37532\t(52697)\t26837\nOther comprehensive income/(loss) net of tax:\t\t\t\t\t\nForeign currency translation\t1328\t0\t(48954)\t0\t(47626)\nPension adjustments\t767\t0\t92\t0\t859\nCorn option derivative adjustments\t553\t0\t0\t0\t553\nHeating oil derivative adjustments\t0\t0\t(1683)\t0\t(1683)\nForeign exchange derivative adjustment\t0\t0\t(4944)\t0\t(4944)\nTotal other comprehensive income/(loss) net of tax\t2648\t0\t(55489)\t0\t(52841)\nTotal comprehensive income/(loss)\t29485\t15165\t(17957)\t(52697)\t(26004)\nTotal comprehensive income attributable to noncontrolling interest\t0\t0\t1120\t0\t1120\nTotal comprehensive income/(loss) attributable to Darling\t29485\t15165\t(19077)\t(52697)\t(27124)\n", "q10k_tbl_47": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nNet income/(loss)\t77521\t50505\t125499\t(176004)\t77521\nOther comprehensive income/(loss) net of tax:\t\t\t\t\t\nForeign currency translation\t1509\t0\t(37695)\t0\t(36186)\nPension adjustments\t2300\t0\t276\t0\t2576\nCorn option derivative adjustments\t575\t0\t0\t0\t575\nHeating oil derivative adjustments\t0\t0\t450\t0\t450\nForeign exchange derivative adjustments\t0\t0\t(5430)\t0\t(5430)\nTotal other comprehensive income/(loss) net of tax\t4384\t0\t(42399)\t0\t(38015)\nTotal comprehensive income/(loss)\t81905\t50505\t83100\t(176004)\t39506\nTotal comprehensive income attributable to noncontrolling interest\t0\t0\t7822\t0\t7822\nTotal comprehensive income/(loss) attributable to Darling\t81905\t50505\t75278\t(176004)\t31684\n", "q10k_tbl_48": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nCash flows from operating activities:\t\t\t\t\t\nNet income/(loss)\t254191\t63051\t283093\t(346144)\t254191\nEarnings in investments in subsidiaries\t(346144)\t0\t0\t346144\t0\nOther operating cash flows\t357187\t(16471)\t(124494)\t0\t216222\nNet cash provided by operating activities\t265234\t46580\t158599\t0\t470413\nCash flows from investing activities:\t\t\t\t\t\nCapital expenditures\t(44730)\t(46848)\t(93341)\t0\t(184919)\nInvestment in subsidiaries and affiliates\t(18784)\t0\t0\t18784\t0\nNote receivable from affiliates\t42884\t0\t(42884)\t0\t0\nGross proceeds from sale of property plant and equipment and other assets\t30\t273\t988\t0\t1291\nPayments related to routes and other intangibles\t(3416)\t0\t(296)\t0\t(3712)\nNet cash provided/(used) in investing activities\t(24016)\t(46575)\t(135533)\t18784\t(187340)\nCash flows from financing activities:\t\t\t\t\t\nProceeds for long-term debt\t0\t0\t24085\t0\t24085\nPayments on long-term debt\t(145003)\t(7)\t(26630)\t0\t(171640)\nBorrowings from revolving facilities\t248000\t0\t142971\t0\t390971\nPayments on revolving facilities\t(272000)\t0\t(143800)\t0\t(415800)\nNet cash overdraft financing\t(5417)\t0\t(27968)\t0\t(33385)\nDeferred loan costs\t(3688)\t0\t0\t0\t(3688)\nIssuances of common stock\t67\t0\t0\t0\t67\nRepurchase of treasury stock\t(55044)\t0\t0\t0\t(55044)\nContributions from parent\t0\t0\t18784\t(18784)\t0\nMinimum withholding taxes paid on stock awards\t(7967)\t0\t(13)\t0\t(7980)\nAcquisition of noncontrolling interest\t0\t0\t(8784)\t0\t(8784)\nDistributions to noncontrolling interests\t0\t0\t(6253)\t0\t(6253)\nNet cash used in financing activities\t(241052)\t(7)\t(27608)\t(18784)\t(287451)\nEffect of exchange rate changes on cash\t0\t0\t(2712)\t0\t(2712)\nNet increase/(decrease) in cash cash equivalents and restricted cash\t166\t(2)\t(7254)\t0\t(7090)\nCash cash equivalents and restricted cash at beginning of period\t654\t26\t72365\t0\t73045\nCash cash equivalents and restricted cash at end of period\t820\t24\t65111\t0\t65955\n", "q10k_tbl_49": "\tParent\tGuarantors\tNon-guarantors\tEliminations\tConsolidated\nCash flows from operating activities:\t\t\t\t\t\nNet income/(loss)\t77521\t50505\t125499\t(176004)\t77521\nEarnings in investments in subsidiaries\t(176004)\t0\t0\t176004\t0\nOther operating cash flows\t189575\t(2763)\t(1651)\t0\t185161\nNet cash provided by operating activities\t91092\t47742\t123848\t0\t262682\nCash flows from investing activities:\t\t\t\t\t\nCapital expenditures\t(88639)\t(61337)\t(95116)\t0\t(245092)\nAcquisitions\t(1157)\t0\t(274)\t0\t(1431)\nInvestment in subsidiaries and affiliates\t(2393)\t(393)\t0\t786\t(2000)\nNote receivable from affiliates\t38274\t0\t(38274)\t0\t0\nGross proceeds from sale of property plant and equipment and other assets\t380\t12223\t2799\t0\t15402\nProceeds from insurance settlements\t0\t1371\t0\t0\t1371\nPayments related to routes and other intangibles\t(131)\t0\t(3019)\t0\t(3150)\nNet cash provided/(used) in investing activities\t(53666)\t(48136)\t(133884)\t786\t(234900)\nCash flows from financing activities:\t\t\t\t\t\nProceeds for long-term debt\t500000\t0\t11985\t0\t511985\nPayments on long-term debt\t(545872)\t(5)\t(20230)\t0\t(566107)\nBorrowings from revolving credit facility\t176000\t0\t149485\t0\t325485\nPayments on revolving credit facility\t(152000)\t0\t(180884)\t0\t(332884)\nNet cash overdraft financing\t5951\t0\t21907\t0\t27858\nDeferred loan costs\t(7027)\t0\t0\t0\t(7027)\nIssuances of common stock\t39\t0\t0\t0\t39\nRepurchase of treasury stock\t(11740)\t0\t0\t0\t(11740)\nContributions from parent\t0\t393\t393\t(786)\t0\nMinimum withholding taxes paid on stock awards\t(3230)\t0\t(17)\t0\t(3247)\nDistributions to noncontrolling interests\t0\t0\t(4500)\t0\t(4500)\nNet cash provided/(used) in financing activities\t(37879)\t388\t(21861)\t(786)\t(60138)\nEffect of exchange rate changes on cash\t0\t0\t(5732)\t0\t(5732)\nNet decrease in cash cash equivalents and restricted cash\t(453)\t(6)\t(37629)\t0\t(38088)\nCash cash equivalents and restricted cash at beginning of period\t1098\t32\t106239\t0\t107369\nCash cash equivalents and restricted cash at end of period\t645\t26\t68610\t0\t69281\n", "q10k_tbl_50": "\tAvg. Price 3rd Quarter 2020\tAvg. Price 3rd Quarter 2019\tIncrease/(Decrease)\t% Increase/(Decrease)\nJacobsen:\t\t\t\t\nMBM (Illinois)\t 212.91/ton\t 216.29/ton\t (3.38)/ton\t(1.6)%\nFeed Grade PM (Mid-South)\t 226.07/ton\t 234.60/ton\t (8.53)/ton\t(3.6)%\nPet Food PM (Mid-South)\t 581.80/ton\t 411.77/ton\t 170.03/ton\t41.3%\nFeather meal (Mid-South)\t 267.91/ton\t 333.43/ton\t (65.52)/ton\t(19.7)%\nBFT (Chicago)\t 29.04/cwt\t 30.50/cwt\t (1.46)/cwt\t(4.8)%\nYG (Illinois)\t 19.48/cwt\t 24.53/cwt\t (5.05)/cwt\t(20.6)%\nCorn (Illinois)\t 3.55/bushel\t 4.16/bushel\t(0.61)/bushel\t(14.7)%\nReuters:\t\t\t\t\nPalm Oil (CIF Rotterdam)\t 690.00/MT\t 533.00/MT\t 157.00/MT\t29.5%\nSoy meal (CIF Rotterdam)\t 379.00/MT\t 339.00/MT\t 40.00/MT\t11.8%\n", "q10k_tbl_51": "\tAvg. Price 3rd Quarter 2020\tAvg. Price 2nd Quarter 2020\tIncrease/(Decrease)\t% Increase/(Decrease)\nJacobsen:\t\t\t\t\nMBM (Illinois)\t 212.91/ton\t 290.42/ton\t (77.51)/ton\t(26.7)%\nFeed Grade PM (Mid-South)\t 226.07/ton\t 269.07/ton\t (43.00)/ton\t(16.0)%\nPet Food PM (Mid-South)\t 581.80/ton\t 679.08/ton\t (97.28)/ton\t(14.3)%\nFeather meal (Mid-South)\t 267.91/ton\t 300.90/ton\t (32.99)/ton\t(11.0)%\nBFT (Chicago)\t 29.04/cwt\t 29.95/cwt\t (0.91)/cwt\t(3.0)%\nYG (Illinois)\t 19.48/cwt\t 20.18/cwt\t (0.70)/cwt\t(3.5)%\nCorn (Illinois)\t 3.55/bushel\t 3.26/bushel\t 0.29/bushel\t8.9%\nReuters:\t\t\t\t\nPalm Oil (CIF Rotterdam)\t 690.00/MT\t 562.00/MT\t 128.00/MT\t22.8%\nSoy meal (CIF Rotterdam)\t 379.00/MT\t 352.00/MT\t 27.00/MT\t7.7%\n", "q10k_tbl_52": "(in thousands except percentages)\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tCorporate\tTotal\nThree Months Ended September 26 2020\t\t\t\t\t\nNet Sales\t483025\t291842\t75702\t0\t850569\nCost of sales and operating expenses\t361576\t226745\t50047\t0\t638368\nGross Margin\t121449\t65097\t25655\t0\t212201\nGross Margin %\t25.1%\t22.3%\t33.9%\t-%\t24.9%\nLoss/(gain) on sale of assets\t167\t16\t(61)\t0\t122\nSelling general and administrative expenses\t49028\t23366\t5038\t12561\t89993\nDepreciation and amortization\t53764\t20648\t8633\t2685\t85730\nEquity in net income of Diamond Green Diesel\t0\t0\t91099\t0\t91099\nSegment operating income/(loss)\t18490\t21067\t103144\t(15246)\t127455\nEquity in net income of other unconsolidated subsidiaries\t906\t0\t0\t0\t906\nSegment income/(loss)\t19396\t21067\t103144\t(15246)\t128361\n", "q10k_tbl_53": "(in thousands except percentages)\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tCorporate\tTotal\nThree Months Ended September 28 2019\t\t\t\t\t\nNet Sales\t496978\t276467\t68604\t0\t842049\nCost of sales and operating expenses\t379792\t214643\t58488\t0\t652923\nGross Margin\t117186\t61824\t10116\t0\t189126\nGross Margin %\t23.6%\t22.4%\t14.7%\t-%\t22.5%\nLoss/(gain) on sale of assets\t(2429)\t(253)\t13\t0\t(2669)\nSelling general and administrative expenses\t47319\t22811\t912\t12507\t83549\nDepreciation and amortization\t50182\t19743\t7895\t2587\t80407\nEquity in net income of Diamond Green Diesel\t0\t0\t32020\t0\t32020\nSegment operating income/(loss)\t22114\t19523\t33316\t(15094)\t59859\nEquity in net loss of other unconsolidated subsidiaries\t(665)\t0\t0\t0\t(665)\nSegment income/(loss)\t21449\t19523\t33316\t(15094)\t59194\n", "q10k_tbl_54": "\tFats\tProteins\tOther Rendering\tTotal Rendering\tUsed Cooking Oil\tBakery\tOther\tTotal\nNet sales three months ended September 28 2019\t150.0\t196.9\t40.4\t387.3\t45.9\t51.6\t12.2\t497.0\nIncrease/(decrease) in sales volumes\t6.6\t(8.1)\t0\t(1.5)\t(3.8)\t(0.3)\t0\t(5.6)\nIncrease/(decrease) in finished product prices\t(4.1)\t(0.6)\t0\t(4.7)\t3.6\t(6.9)\t0\t(8.0)\nIncrease due to currency exchange rates\t1.0\t2.5\t0.8\t4.3\t0\t0\t0\t4.3\nOther change\t0\t0\t(2.2)\t(2.2)\t0\t0\t(2.5)\t(4.7)\nTotal change\t3.5\t(6.2)\t(1.4)\t(4.1)\t(0.2)\t(7.2)\t(2.5)\t(14.0)\nNet sales three months ended September 26 2020\t153.5\t190.7\t39.0\t383.2\t45.7\t44.4\t9.7\t483.0\n", "q10k_tbl_55": "\tThree Months Ended\t\n(dollars in thousands)\tSeptember 26 2020\tSeptember 28 2019\nNet income attributable to Darling\t101125\t25721\nDepreciation and amortization\t85730\t80407\nInterest expense\t18793\t19359\nIncome tax expense\t4812\t10850\nForeign currency loss/(gain)\t1239\t(466)\nOther expense net\t1912\t2614\nEquity in net income of Diamond Green Diesel\t(91099)\t(32020)\nEquity in net loss/(income) of unconsolidated subsidiaries\t(906)\t665\nNet income attributable to non-controlling interests\t480\t1116\nDarling's Adjusted EBITDA\t122086\t108246\nForeign currency exchange impact (1)\t(3702)\t0\nPro forma Adjusted EBITDA to Foreign Currency (Non-GAAP)\t118384\t108246\nDGD Joint Venture Adjusted EBITDA (Darling's Share)\t96435\t39548\nDarling plus Darling's share of DGD Joint Venture Adjusted EBITDA\t218521\t147794\n", "q10k_tbl_56": "\tAvg. Price First Nine Months 2020\tAvg. Price First Nine Months 2019\tIncrease/(Decrease)\t% Increase/(Decrease)\nJacobsen:\t\t\t\t\nMBM (Illinois)\t 246.81/ton\t 231.13/ton\t 15.68/ton\t6.8%\nFeed Grade PM (Mid-South)\t 240.29/ton\t 247.34/ton\t (7.05)/ton\t(2.9)%\nPet Food PM (Mid-South)\t 600.44/ton\t 560.27/ton\t 40.17/ton\t7.2%\nFeather meal (Mid-South)\t 283.77/ton\t 375.89/ton\t (92.12)/ton\t(24.5)%\nBFT (Chicago)\t 30.56/cwt\t 28.90/cwt\t 1.66/cwt\t5.7%\nYG (Illinois)\t 20.86/cwt\t 22.55/cwt\t (1.69)/cwt\t(7.5)%\nCorn (Illinois)\t 3.57/bushel\t 3.94/bushel\t (0.37)/bushel\t(9.4)%\nReuters:\t\t\t\t\nPalm Oil (CIF Rotterdam)\t 659.00/MT\t 533.00/MT\t 126.00/MT\t23.6%\nSoy meal (CIF Rotterdam)\t 363.00/MT\t 346.00/MT\t 17.00/MT\t4.9%\n", "q10k_tbl_57": "(in thousands except percentages)\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tCorporate\tTotal\nNine Months Ended September 26 2020\t\t\t\t\t\nNet Sales\t1499340\t841070\t211674\t0\t2552084\nCost of sales and operating expenses\t1117931\t652334\t147358\t0\t1917623\nGross Margin\t381409\t188736\t64316\t0\t634461\nGross Margin %\t25.4%\t22.4%\t30.4%\t-%\t24.9%\nLoss/(gain) on sale of assets\t293\t(30)\t(53)\t0\t210\nSelling general and administrative expenses\t153459\t71406\t10645\t40869\t276379\nDepreciation and amortization\t159968\t60925\t24705\t8113\t253711\nEquity in net income of Diamond Green Diesel\t0\t0\t252411\t0\t252411\nSegment operating income/(loss)\t67689\t56435\t281430\t(48982)\t356572\nEquity in net income of other unconsolidated subsidiaries\t2467\t0\t0\t0\t2467\nSegment income/(loss)\t70156\t56435\t281430\t(48982)\t359039\n", "q10k_tbl_58": "(in thousands except percentages)\tFeed Ingredients\tFood Ingredients\tFuel Ingredients\tCorporate\tTotal\nNine Months Ended September 28 2019\t\t\t\t\t\nNet Sales\t1480244\t830466\t193767\t0\t2504477\nCost of sales and operating expenses\t1143606\t643091\t161855\t0\t1948552\nGross Margin\t336638\t187375\t31912\t0\t555925\nGross Margin %\t22.7%\t22.6%\t16.5%\t-%\t22.2%\nLoss/(gain) on sale of assets\t(7343)\t(13518)\t16\t0\t(20845)\nSelling general and administrative expenses\t142615\t68129\t583\t38242\t249569\nDepreciation and amortization\t148271\t59115\t24055\t7616\t239057\nEquity in net income of Diamond Green Diesel\t0\t0\t94390\t0\t94390\nSegment operating income/(loss)\t53095\t73649\t101648\t(45858)\t182534\nEquity in net loss of other unconsolidated subsidiaries\t(1087)\t0\t0\t0\t(1087)\nSegment income/(loss)\t52008\t73649\t101648\t(45858)\t181447\n", "q10k_tbl_59": "\tFats\tProteins\tOther Rendering\tTotal Rendering\tUsed Cooking Oil\tBakery\tOther\tTotal\nNet sales nine months ended September 28 2019\t438.4\t603.1\t122.6\t1164.1\t136.5\t141.6\t38.0\t1480.2\nIncrease/(decrease) in sales volumes\t25.5\t(1.6)\t0\t23.9\t(9.9)\t(2.6)\t0\t11.4\nIncrease/(decrease) in finished product prices\t21.5\t(3.0)\t0\t18.5\t5.8\t(9.5)\t0\t14.8\nIncrease/(decrease) due to currency exchange rates\t(1.1)\t(1.7)\t0.6\t(2.2)\t(0.1)\t0\t0\t(2.3)\nOther change\t0\t0\t2.4\t2.4\t0\t0\t(7.2)\t(4.8)\nTotal change\t45.9\t(6.3)\t3.0\t42.6\t(4.2)\t(12.1)\t(7.2)\t19.1\nNet sales nine months ended September 26 2020\t484.3\t596.8\t125.6\t1206.7\t132.3\t129.5\t30.8\t1499.3\n", "q10k_tbl_60": "\tNine Months Ended\t\n(dollars in thousands)\tSeptember 26 2020\tSeptember 28 2019\nNet income attributable to Darling\t252074\t69991\nDepreciation and amortization\t253711\t239057\nInterest expense\t55803\t60088\nIncome tax expense\t43058\t23900\nForeign currency loss\t709\t654\nOther expense net\t5278\t7158\nDebt extinguishment costs\t0\t12126\nEquity in net income of Diamond Green Diesel\t(252411)\t(94390)\nEquity in net (income)/loss of unconsolidated subsidiaries\t(2467)\t1087\nNet income attributable to non-controlling interests\t2117\t7530\nDarling's Adjusted EBITDA\t357872\t327201\nForeign currency exchange impact (1)\t407\t0\nPro forma Adjusted EBITDA to Foreign Currency (Non-GAAP)\t358279\t327201\nDGD Joint Venture Adjusted EBITDA (Darling's Share)\t269177\t113270\nDarling plus Darling's share of DGD Joint Venture Adjusted EBITDA\t627049\t440471\n", "q10k_tbl_61": "Senior Notes:\t\n5.25 % Notes due 2027\t500000\nLess unamortized deferred loan costs\t(5943)\nCarrying value of 5.25% Notes due 2027\t494057\n3.625 % Notes due 2026 - Denominated in euros\t598997\nLess unamortized deferred loan costs\t(6519)\nCarrying value of 3.625% Notes due 2026\t592478\nAmended Credit Agreement:\t\nTerm Loan B\t350000\nLess unamortized deferred loan costs\t(4689)\nCarrying value of Term Loan B\t345311\nRevolving Credit Facility:\t\nMaximum availability\t1000000\nAncillary Facilities\t46812\nBorrowings outstanding\t15000\nLetters of credit issued\t3891\nAvailability\t934297\nOther Debt\t27358\n", "q10k_tbl_62": "Functional Currency\t\tContract Currency\t\tRange of\tU.S.\nType\tAmount\tType\tAmount\tHedge rates\tEquivalent\nBrazilian real\t25116\tEuro\t3970\t5.95 - 6.55\t4496\nBrazilian real\t1380739\tU.S. dollar\t312563\t3.35 - 6.25\t312563\nEuro\t44794\tU.S. dollar\t52350\t1.09 - 1.19\t52350\nEuro\t39191\tPolish zloty\t175000\t4.40 - 4.53\t45584\nEuro\t4962\tJapanese yen\t610249\t117.16 - 125.99\t5772\nEuro\t9953\tChinese renminbi\t80042\t8.02 - 8.18\t11576\nEuro\t15354\tAustralian dollar\t24850\t1.62\t17859\nEuro\t4118\tBritish pound\t3730\t0.84 - 0.92\t4790\nEuro\t33\tCanadian dollar\t50\t1.53\t38\nEuro\t4789\tBrazilian real\t30000\t6.26\t5570\nPolish zloty\t19226\tEuro\t4295\t4.46 - 4.48\t4917\nBritish pound\t77\tEuro\t84\t0.92\t98\nJapanese yen\t205545\tU.S. dollar\t1944\t104.57 - 107.16\t1944\nU.S. dollar\t864\tJapanese yen\t90000\t104.11\t864\nU.S. dollar\t94415\tEuro\t80000\t1.17 - 1.19\t94415\n\t\t\t\t\t562836\n", "q10k_tbl_63": "31.1\tCertification pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 of Randall C. Stuewe the Chief Executive Officer of the Company.\n31.2\tCertification pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 of Brad Phillips the Chief Financial Officer of the Company.\n32\tCertification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Randall C. Stuewe the Chief Executive Officer of the Company and of Brad Phillips the Chief Financial Officer of the Company.\n101\tInteractive Data Files Pursuant to Rule 405 of Regulation S-T: (i) Consolidated Balance Sheets as of September 26 2020 and December 28 2019; (ii) Consolidated Statements of Operations for the three and nine months ended September 26 2020 and September 28 2019; (iii) Consolidated Statements of Comprehensive Income/(Loss) for the three and nine months ended September 26 2020 and September 28 2019; (iv) Consolidated Statements of Stockholders' Equity for the nine months ended September 26 2020 and September 28 2019; (v) Consolidated Statements of Cash Flows for the nine months ended September 26 2020 and September 28 2019; (vi) Notes to the Consolidated Financial Statements.\n104\tCover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).\n"}{"bs": "q10k_tbl_3", "is": "q10k_tbl_4", "cf": "q10k_tbl_8"}None
QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended
September 26, 2020
OR
☐
TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______ to _______
Commission File Number 001-13323
DARLING INGREDIENTS INC.
(Exact name of registrant as specified in its charter)
Delaware
36-2495346
(State or other jurisdiction
(I.R.S. Employer
of incorporation or organization)
Identification Number)
5601 N MacArthur Blvd., Irving, Texas75038
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 717-0300
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock $0.01 par value per share
DAR
New York Stock Exchange
(“NYSE”)
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒ No ☐
Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files). Yes☒ No ☐
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of Exchange Act.
☐
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
There were 162,068,484 shares of common stock, $0.01 par value, outstanding at October 28, 2020.
DARLING INGREDIENTS INC. AND SUBSIDIARIES
FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 26, 2020