Investment in National Beef Packing Company, LLC (Tables)

9 Months Ended

Sep. 24, 2022

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investment roll forward

Investment at December 25, 2021	$	213,290
Equity in net income for thirteen-week period		62,606
Distributions		(52,755	)
Investment at March 26, 2022	$	223,141
Equity in net income for thirteen-week period		52,779
Distributions		(82,907	)
Investment at June 25, 2022	$	193,013
Equity in net income for thirteen-week period		44,509
Distributions		(27,318	)
Investment at September 24, 2022	$	210,204
Investment at December 26, 2020	$	131,494
Equity in net income for thirteen-week period		36,559
Distributions		(21,402	)
Investment at March 27, 2021	$	146,651
Equity in net income for thirteen-week period		103,198
Distributions		(61,157	)
Investment at June 26, 2021	$	188,692
Equity in net income for thirteen-week period		123,490
Distributions		(124,585	)
Investment at September 25, 2021	$	187,597

Schedule of Operations for NBP

	13 weeks ended						39 weeks ended
	September 24, 2022			September 25, 2021			September 24, 2022			September 25, 2021
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales	$	2,846,156		$	3,202,208		$	8,819,780		$	8,466,211
Costs and expenses:
Cost of sales		2,492,127			2,328,716			7,587,149			6,562,610
Selling, general, and administrative expenses		24,408			22,797			69,628			63,714
Depreciation and amortization		30,945			29,148			90,254			84,821
Total costs and expenses		2,547,480			2,380,661			7,747,031			6,711,145
Operating income		298,676			821,547			1,072,749			1,755,066
Other income (expense):
Interest income		23			–			90			99
Interest expense		(1,121	)		(1,563	)		(4,809	)		(6,359	)
Income before taxes		297,578			819,984			1,068,030			1,748,806
Income tax expense		(1,285	)		(698	)		(4,225	)		(2,314	)
Net income	$	296,293		$	819,286		$	1,063,805		$	1,746,492