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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 26, 2017
Mar. 27, 2016
Income Statement [Abstract]    
Net sales $ 2,020,492 $ 1,962,937
Cost of sales 1,805,287 1,725,375
Gross profit 215,205 237,562
Selling, general and administrative expense 62,853 48,788
Operating income 152,352 188,774
Interest expense, net of capitalized interest 12,386 12,033
Interest income (302) (693)
Foreign currency transaction loss (gain) 619 (235)
Miscellaneous, net (2,715) (2,946)
Income before income taxes 142,364 180,615
Income tax expense 47,901 62,604
Net income 94,463 118,011
Less: Net income (loss) attributable to noncontrolling interests 542 (360)
Net income attributable to Pilgrim’s Pride Corporation $ 93,921 $ 118,371
Weighted average shares of common stock outstanding:    
Basic (in shares) 248,692 254,807
Effect of dilutive common stock equivalents (in shares) 234 340
Diluted (in shares) 248,926 255,147
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:    
Basic (usd per share) $ 0.38 $ 0.46
Diluted (usd per share) $ 0.38 $ 0.46