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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2016
Dec. 27, 2015
Dec. 28, 2014
Cash flows from operating activities:      
Net income $ 439,729 $ 645,962 $ 711,438
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 180,515 158,975 155,824
Asset impairment 790 4,813 0
Foreign currency transaction losses 0 0 38,129
Accretion of bond discount 0 0 2,243
Gain on property disposals (7,660) (10,372) (1,407)
Loss on equity method investments 452 0 0
Share-based compensation 6,102 2,975 4,928
Deferred income tax expense (benefit) (3,424) 29,512 78,943
Changes in operating assets and liabilities:      
Restricted cash and cash equivalents (4,979) 0 0
Trade accounts and other receivables 35,617 61,294 (9,526)
Inventories (11,905) 57,078 10,638
Prepaid expenses and other current assets 18,146 19,840 (38,010)
Accounts payable and accrued expenses 38,427 61,882 44,833
Income taxes 74,597 (55,428) 74,705
Long-term pension and other postretirement obligations (10,165) (3,500) (5,784)
Other (759) 3,797 (262)
Cash provided by operating activities 755,483 976,828 1,066,692
Cash flows from investing activities:      
Acquisitions of property, plant and equipment (272,467) (175,764) (171,443)
Purchase of acquired business, net of cash acquired 0 (373,532) 0
Purchases of investment securities 0 0 (55,100)
Proceeds from sale or maturity of investment securities 0 0 152,050
Proceeds from property disposals 10,805 14,610 11,108
Cash used in investing activities (261,662) (534,686) (63,385)
Cash flows from financing activities:      
Proceeds from notes payable to bank 36,838 28,726 0
Payments on notes payable to bank (65,564) 0 0
Proceeds from revolving line of credit and long-term borrowings 579,876 1,680,000 0
Payments on revolving line of credit, long-term borrowings and capital lease obligations (556,658) (683,780) (910,234)
Proceeds from capital contribution under Tax Sharing Agreement between JBS USA Food Company Holdings and Pilgrim's Pride Corporation 3,690 0 3,849
Tax benefit related to share-based compensation 0 6,474 458
Capital contributions to subsidiary by noncontrolling stockholders 7,252 0 332
Payment of capitalized loan costs (693) (12,364) 0
Purchase of common stock under share repurchase program (117,884) (99,233) 0
Purchase of common stock from retirement plan participants (73) 0 0
Payment of special cash dividend (699,915) (1,498,470) 0
Cash used in financing activities (813,131) (578,647) (905,595)
Effect of exchange rate changes on cash and cash equivalents 0 0 (29,775)
Increase (decrease) in cash and cash equivalents (319,310) (136,505) 67,937
Cash and cash equivalents, beginning of period 439,638 576,143 508,206
Cash and cash equivalents, end of period 120,328 439,638 576,143
Supplemental Disclosure Information:      
Interest paid (net of amount capitalized) 41,774 24,210 71,558
Income taxes paid $ 152,884 $ 360,347 $ 257,152