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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 3,074,928 $ 2,724,675
Cost of sales 2,897,829 2,505,736
Gross profit 177,099 218,939
Selling, general and administrative expense 92,713 81,924
Administrative restructuring activity 0 (27)
Operating income 84,386 137,042
Interest expense, net of capitalized interest 32,688 33,562
Interest income (1,690) (3,340)
Foreign currency transaction loss (gain) (18,385) 2,636
Miscellaneous, net (34,188) (357)
Income before income taxes 105,961 104,541
Income tax expense 38,512 20,416
Net income 67,449 84,125
Less: Net income attributable to noncontrolling interests 181 114
Net income attributable to Pilgrim’s Pride Corporation $ 67,268 $ 84,011
Weighted average shares of Pilgrim's Pride Corporation common stock outstanding:    
Basic (in shares) 249,347 249,167
Effect of dilutive common stock equivalents (in shares) 275 390
Diluted (in shares) 249,622 249,557
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:    
Basic (in dollars per share) $ 0.27 $ 0.34
Diluted (in dollars per share) $ 0.27 $ 0.34