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CONSOLIDATED CONSOLIDATED AND COMBINED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 24, 2017
Sep. 30, 2018
Sep. 24, 2017
Income Statement [Abstract]        
Net sales $ 2,697,604 $ 2,793,885 $ 8,280,995 $ 8,025,511
Cost of sales 2,527,863 2,315,301 7,549,367 6,815,701
Gross profit 169,741 478,584 731,628 1,209,810
Selling, general and administrative expense 84,138 102,191 257,396 284,009
Administrative restructuring charges 257 4,147 2,181 8,496
Operating income 85,346 372,246 472,051 917,305
Interest expense, net of capitalized interest 35,334 24,636 125,901 66,315
Interest income (4,241) (2,128) (10,665) (3,600)
Foreign currency transaction gain (6,711) (888) (2,802) (2,500)
Miscellaneous, net 653 (1,083) (1,781) (5,198)
Income before income taxes 60,311 351,709 361,398 862,288
Income tax expense 30,848 113,396 106,367 278,046
Net income 29,463 238,313 255,031 584,242
Less: Net income from Granite Holdings Sàrl prior to acquisition by Pilgrim's Pride Corporation 0 6,093 0 23,486
Less: Net income (loss) attributable to noncontrolling interests 153 (460) (238) 514
Net income attributable to Pilgrim’s Pride Corporation $ 29,310 $ 232,680 $ 255,269 $ 560,242
Weighted average shares of Pilgrim's Pride Corporation common stock outstanding:        
Basic (in shares) 248,981 248,753 248,933 248,732
Effect of dilutive common stock equivalents (in shares) 198 235 143 230
Diluted (in shares) 249,179 248,988 249,076 248,962
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ 0.12 $ 0.94 $ 1.03 $ 2.25
Diluted (in dollars per share) $ 0.12 $ 0.93 $ 1.03 $ 2.25