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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 27, 2016
Mar. 29, 2015
Income Statement [Abstract]    
Net sales $ 1,962,937 $ 2,052,919
Cost of sales 1,725,375 1,675,799
Gross profit 237,562 377,120
Selling, general and administrative expense 48,788 49,507
Operating income 188,774 327,613
Interest expense, net of capitalized interest 12,033 4,855
Interest income (693) (1,490)
Foreign currency transaction loss (gain) (235) 8,974
Miscellaneous, net (2,946) (413)
Income before income taxes 180,615 315,687
Income tax expense 62,604 111,494
Net income 118,011 204,193
Less: Net loss attributable to noncontrolling interests (360) (22)
Net income attributable to Pilgrim’s Pride Corporation $ 118,371 $ 204,215
Weighted average shares of common stock outstanding:    
Basic (in shares) 254,807 259,653
Effect of dilutive common stock equivalents (in shares) 340 276
Diluted (in shares) 255,147 259,929
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:    
Basic (usd per share) $ 0.46 $ 0.79
Diluted (usd per share) $ 0.46 $ 0.79