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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Income Statement [Abstract]        
Net sales $ 2,053,876 $ 2,186,816 $ 4,106,795 $ 4,204,881
Cost of sales 1,621,856 1,837,341 3,297,655 3,640,300
Gross profit 432,020 349,475 809,140 564,581
Selling, general and administrative expense 48,834 48,607 98,341 93,808
Administrative restructuring charges 4,813 438 4,813 2,151
Operating income 378,373 300,430 705,986 468,622
Interest expense, net of capitalized interest 11,514 14,562 16,369 34,035
Interest income (1,277) (992) (2,767) (1,803)
Foreign currency transaction loss 2,059 (1,819) 11,033 (1,482)
Miscellaneous, net (4,651) (993) (5,064) (1,999)
Income before income taxes 370,728 289,672 686,415 439,871
Income tax expense 129,104 99,227 240,598 151,239
Net income 241,624 190,445 445,817 288,632
Less: Net income attributable to noncontrolling interests 135 85 113 155
Net income attributable to Pilgrim’s Pride Corporation $ 241,489 $ 190,360 $ 445,704 $ 288,477
Weighted average shares of common stock outstanding:        
Basic (in shares) 259,685 258,977 259,669 258,950
Effect of dilutive common stock equivalents (in shares) 212 597 226 560
Diluted (in shares) 259,897 259,574 259,895 259,510
Net income attributable to Pilgrim's Pride Corporation per share of common stock outstanding:        
Basic (usd per share) $ 0.93 $ 0.73 $ 1.72 $ 1.11
Diluted (usd per share) $ 0.93 $ 0.73 $ 1.71 $ 1.11