Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 29, 2025

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 29, 2025		December 28, 2024
Cash and cash equivalents	$	81,471	$	75,973
Restricted cash	39,872		37,579
Restricted cash included in other long-term assets	102,820		103,755
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	224,163	$	217,307

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/(Loss) per Common Share (in thousands, except per share data)
	Three Months Ended
			March 29, 2025					March 30, 2024
	Loss		Shares	Per Share		Income		Shares	Per Share
Basic:
Net income/(loss) attributable to Darling	$	(26,160)	158,677	$	(0.16)	$	81,157	159,812	$	0.51
Diluted:
Effect of dilutive securities:
Add: Option shares in the money and dilutive effect of non-vested stock awards			—					3,053
Less: Pro forma treasury shares			—					(960)
Diluted:
Net income/(loss) attributable to Darling	$	(26,160)	158,677	$	(0.16)	$	81,157	161,905	$	0.50