BUSINESS ACQUISITION (Tables)

3 Months Ended

Mar. 27, 2016

Schedule of Business Acquisitions, Consideration Paid

The following table summarizes the consideration paid for Tyson Mexico (in thousands):



Negotiated sales price	$	400,000
Working capital adjustment	(20,933		)
Final purchase price	$	379,067

Schedule of Business Acquisitions, Fair Values of Assets Acquired and Liabilities Assumed

The preliminary fair values recorded for the assets acquired and liabilities assumed for Tyson Mexico are as follows (in thousands):



Cash and cash equivalents	$	5,535
Trade accounts and other receivables	24,173
Inventories	68,130
Prepaid expenses and other current assets	7,661
Property, plant and equipment	157,752
Identifiable intangible assets	26,411
Other long-lived assets	199
Total assets acquired	289,861
Accounts payable	21,550
Other current liabilities	8,707
Long-term deferred tax liabilities	36,960
Other long-term liabilities	5,155
Total liabilities assumed	72,372
Total identifiable net assets	217,489
Goodwill	161,578
Total net assets	$	379,067

Schedule of Business Acquisitions, Goodwill

The Company recognized the following change in goodwill related to this acquisition during the thirteen weeks ended March 27, 2016 (in thousands):



Goodwill, beginning of period	$	156,565
Deferred tax impact related to customer relationship intangible assets	5,013
Goodwill, end of period	$	161,578

Schedule of Business Acquisitions, Pro Forma Information

The following unaudited pro forma information presents the combined financial results for the Company and Tyson Mexico as if the acquisition had been completed at the beginning of the Company’s prior year, December 29, 2014.



	Thirteen Weeks Ended March 29, 2015
	(In thousands, except per share amount)
Net sales	$	2,208,219
Net income attributable to Pilgrim's Pride Corporation	211,510
Net income attributable to Pilgrim's Pride Corporation per common share - diluted	0.81