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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Sep. 24, 2017
Sep. 25, 2016
Income Statement [Abstract]        
Net sales $ 2,793,885 $ 2,495,281 $ 8,025,511 $ 7,507,681
Cost of sales 2,315,301 2,242,221 6,815,701 6,632,568
Gross profit 478,584 253,060 1,209,810 875,113
Selling, general and administrative expense 102,191 75,933 284,009 229,786
Administrative restructuring charges 4,147 279 8,496 279
Operating income 372,246 176,848 917,305 645,048
Interest expense, net of capitalized interest 24,636 19,119 66,315 58,480
Interest income (2,128) (253) (3,600) (2,000)
Foreign currency transaction loss (gain) (888) 4,569 (2,500) (1,769)
Miscellaneous, net (1,083) (2,371) (5,198) (7,327)
Income before income taxes 351,709 155,784 862,288 597,664
Income tax expense 113,396 53,819 278,046 202,979
Net income 238,313 101,965 584,242 394,685
Less: Net income from Granite Holdings Sàrl prior to acquisition by Pilgrim's Pride Corporation 6,093 3,438 23,486 25,105
Less: Net income (loss) attributable to noncontrolling interests (460) (130) 514 (334)
Net income attributable to Pilgrim’s Pride Corporation $ 232,680 $ 98,657 $ 560,242 $ 369,914
Weighted average shares of Pilgrim's Pride Corporation common stock outstanding:        
Basic (in shares) 248,753 254,460 248,732 254,607
Effect of dilutive common stock equivalents (in shares) 235 460 230 430
Diluted (in shares) 248,988 254,920 248,962 255,037
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (usd per share) $ 0.94 $ 0.39 $ 2.25 $ 1.45
Diluted (usd per share) $ 0.93 $ 0.39 $ 2.25 $ 1.45