STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 28, 2014

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Loss

The following tables provide information regarding the changes in accumulated other comprehensive loss during 2014 and 2013:

	2014									2013
	Losses Related to Pension and Other Postretirement Benefits			Unrealized Holding Gains on Available-for-Sale Securities			Total			Losses Related to Pension and Other Postretirement Benefits			Unrealized Holding Gains on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	(45,797	)	$	62		$	(45,735	)	$	(68,511	)	$	—	$	(68,511	)
Other comprehensive income (loss) before reclassifications	(16,810		)	319			(16,491		)	21,713			62		21,775
Amounts reclassified from      accumulated other comprehensive      loss to net income	35			(350		)	(315		)	1,001			—		1,001
Net current year other      comprehensive income (loss)	(16,775		)	(31		)	(16,806		)	22,714			62		22,776
Balance, end of year	$	(62,572	)	$	31		$	(62,541	)	$	(45,797	)	$	62	$	(45,735	)

(a) All amounts are net of tax. Amounts in parentheses indicate debits.

Schedule of Reclassification from Accumulated Other Comprehensive Loss

Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss(a)							Affected Line Item in the Consolidated Statements of Operations
	2014			2013
	(In thousands)
Realized gain on sale of securities	$	562		$	—			Selling, general and administrative expense
Amortization of pension and other postretirement plan actuarial losses:
Union employees pension plan(b)	—			(36		)	(d)	Cost of goods sold
Legacy Gold Kist plans(c)	(56		)	(965		)	(d)	Selling, general and administrative expense
Total before tax	506			(1,001		)
Tax benefit (expense)	(191		)	—
Total reclassification for the period	$	315		$	(1,001	)

(a) Amounts in parentheses represent debits to results of operations.

(b) The Company sponsors the Union Plan, a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements.

(c) The Company sponsors the GK Pension Plan, a qualified defined benefit pension plan covering certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007, the SERP Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Directors’ Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors and the Retiree Life Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees (collectively, the “Legacy Gold Kist Plans”).

(d) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 12. Pension and Other Postretirement Benefits” to the Consolidated Financial Statements.

Condensed Unaudited Pro Forma Consolidated Balance Sheet

PILGRIM’S PRIDE CORPORATION

CONDENSED UNAUDITED PRO FORMA CONSOLIDATED BALANCE SHEET

	December 28, 2014		Special Cash Dividend				December 28, 2014
	(In thousands)
Cash and cash equivalents	$	576,143	$	1,196,000		(a)	$	267,786
			(1,500,000		)	(b)
			(4,357		)	(c)
Trade accounts and other receivables, less allowance for doubtful accounts	378,890		—				378,890
Inventories	790,305		—				790,305
Other	139,741		—				139,741
Total current assets	1,885,079		(308,357		)		1,576,722
Property, plant and equipment, net	1,182,795		—				1,182,795
Other	51,189		4,357			(c)	55,546
Total assets	$	3,119,063	$	(304,000	)		$	2,815,063
Total current liabilities	$	744,858	$	—			$	744,858
Long-term debt, less current maturities	3,980		1,196,000			(a)	1,199,980
Deferred tax liabilities	76,216		—				76,216
Other long-term liabilities	97,208		—				97,208
Total stockholders’ equity	2,196,801		(1,500,000		)	(b)	696,801
Total liabilities and stockholders' equity	$	3,119,063	$	(304,000	)		$	2,815,063