XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Statement of Comprehensive Income [Abstract]        
Net income $ 170,080 $ 106,344 $ 254,205 $ 225,568
Foreign currency translation adjustment        
Losses arising during the period (38,053) (92,696) (611) (40,131)
Income tax effect 0 1,661 0 1,624
Derivative financial instruments designated as cash flow hedges        
Gains (losses) arising during the period 1,298 (88) 400 (103)
Reclassification to net earnings of losses (gains) realized 48 222 (173) 472
Available-for-sale securities        
Gains arising during the period 172 858 194 1,232
Income tax effect (42) (209) (47) (300)
Reclassification to net earnings of gains realized (172) (727) (307) (899)
Income tax effect 42 177 76 219
Defined benefit plans        
Gains (losses) arising during the period (7,171) 693 (3,971) 6,592
Income tax effect 1,877 (171) 1,098 (1,605)
Reclassification to net earnings of losses realized 328 300 656 601
Income tax effect (80) (73) (160) (146)
Total other comprehensive loss, net of tax (41,753) (90,053) (2,845) (32,444)
Comprehensive income 128,327 16,291 251,360 193,124
Less: Comprehensive income (loss) attributable to noncontrolling interests 12 (197) 126 (391)
Comprehensive income attributable to Pilgrim's Pride Corporation $ 128,315 $ 16,488 $ 251,234 $ 193,515