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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2016
Jun. 28, 2015
Jun. 26, 2016
Jun. 28, 2015
Income Statement [Abstract]        
Net sales $ 2,028,315 $ 2,053,876 $ 3,991,252 $ 4,106,795
Cost of sales 1,742,184 1,621,856 3,467,559 3,297,655
Gross profit 286,131 432,020 523,693 809,140
Selling, general and administrative expense 49,520 48,834 98,308 98,341
Administrative restructuring charges 0 4,813 0 4,813
Operating income 236,611 378,373 425,385 705,986
Interest expense, net of capitalized interest 11,548 11,514 23,581 16,369
Interest income (683) (1,277) (1,376) (2,767)
Foreign currency transaction loss (gain) (4,744) 2,059 (4,979) 11,033
Miscellaneous, net (950) (4,651) (3,896) (5,064)
Income before income taxes 231,440 370,728 412,055 686,415
Income tax expense 78,398 129,104 141,002 240,598
Net income 153,042 241,624 271,053 445,817
Less: Net income (loss) attributable to noncontrolling interests 156 135 (204) 113
Net income attributable to Pilgrim’s Pride Corporation $ 152,886 $ 241,489 $ 271,257 $ 445,704
Weighted average shares of common stock outstanding:        
Basic (in shares) 254,554 259,685 254,681 259,669
Effect of dilutive common stock equivalents (in shares) 390 212 364 226
Diluted (in shares) 254,944 259,897 255,045 259,895
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (usd per share) $ 0.60 $ 0.93 $ 1.07 $ 1.72
Diluted (usd per share) $ 0.60 $ 0.93 $ 1.06 $ 1.71