6. Investment in National Beef Packing Company, LLC (Tables)

6 Months Ended

Jun. 27, 2020

Equity Method Investments and Joint Ventures [Abstract]

Investment roll forward

Beginning Investment at December 28, 2019	$	131,786
Equity in net income for twenty-six week period		115,484
Distributions from National Beef Packing Company, LLC		(7,853	)
Ending Investment at June 27, 2020	$	239,417

Schedule of Operations for NBP

	13 weeks ended						26 weeks ended
	June 27, 2020			June 29, 2019			June 27, 2020			June 29, 2019
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales	$	2,677,697		$	2,113,648		$	4,863,046		$	3,940,720
Costs and expenses:
Cost of sales		1,947,262			1,890,238			3,995,881			3,591,638
Selling, general, and administrative expenses		20,859			22,425			39,233			39,395
Depreciation and amortization		26,795			29,722			53,323			57,617
Total costs and expenses		1,994,916			1,942,385			4,088,437			3,688,650
Operating income		682,781			171,263			774,609			252,070
Other income (expense):
Interest income		56			120			137			238
Interest expense		(2,323	)		(3,587	)		(6,571	)		(6,142	)
Income before taxes		680,514			167,796			768,175			246,166
Income tax expense		(1,250	)		(646	)		(2,004	)		(980	)
Net income	$	679,264		$	167,150		$	766,171		$	245,186
NBP's net income attributable to USPB	$	102,385		$	25,194		$	115,484		$	36,957