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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Income Statement [Abstract]        
Net sales $ 2,843,085 $ 2,836,713 $ 5,567,760 $ 5,583,391
Cost of sales 2,475,221 2,562,491 4,980,957 5,021,504
Gross profit 367,864 274,222 586,803 561,887
Selling, general and administrative expense 88,357 87,975 170,281 173,258
Administrative restructuring activities (43) 1,135 (70) 1,924
Operating income 279,550 185,112 416,592 386,705
Interest expense, net of capitalized interest 33,594 40,267 67,156 90,567
Interest income (3,444) (4,834) (6,784) (6,424)
Foreign currency transaction loss 2,260 5,630 4,896 3,909
Miscellaneous, net 1,513 (817) 1,156 (2,434)
Income before income taxes 245,627 144,866 350,168 301,087
Income tax expense 75,547 38,522 95,963 75,519
Net income 170,080 106,344 254,205 225,568
Less: Net income (loss) attributable to noncontrolling interests 12 (197) 126 (391)
Net income attributable to Pilgrim’s Pride Corporation $ 170,068 $ 106,541 $ 254,079 $ 225,959
Weighted average shares of Pilgrim's Pride Corporation common stock outstanding:        
Basic (in shares) 249,400 248,981 249,283 248,909
Effect of dilutive common stock equivalents (in shares) 236 76 320 116
Diluted (in shares) 249,636 249,057 249,603 249,025
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ 0.68 $ 0.43 $ 1.02 $ 0.91
Diluted (in dollars per share) $ 0.68 $ 0.43 $ 1.02 $ 0.91