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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 2,824,023 $ 2,843,085 $ 5,898,951 $ 5,567,760
Cost of sales 2,704,164 2,475,221 5,601,993 4,980,957
Gross profit 119,859 367,864 296,958 586,803
Selling, general and administrative expense 92,570 88,357 185,283 170,281
Administrative restructuring activity 0 (43) 0 (70)
Operating income 27,289 279,550 111,675 416,592
Interest expense, net of capitalized interest 32,323 33,594 65,011 67,156
Interest income (1,158) (3,444) (2,848) (6,784)
Foreign currency transaction loss (gain) 5,525 2,260 (12,860) 4,896
Miscellaneous, net (45) 1,513 (34,233) 1,156
Income (loss) before income taxes (9,356) 245,627 96,605 350,168
Income tax expense (benefit) (2,956) 75,547 35,556 95,963
Net income (loss) (6,400) 170,080 61,049 254,205
Less: Net income (loss) attributable to noncontrolling interests (364) 12 (183) 126
Net income (loss) attributable to Pilgrim’s Pride Corporation $ (6,036) $ 170,068 $ 61,232 $ 254,079
Weighted average shares of Pilgrim's Pride Corporation common stock outstanding:        
Basic (in shares) 246,687 249,400 248,017 249,283
Effect of dilutive common stock equivalents (in shares) 331 236 291 320
Diluted (in shares) 247,018 249,636 248,308 249,603
Net income (loss) attributable to Pilgrim's Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ (0.02) $ 0.68 $ 0.25 $ 1.02
Diluted (in dollars per share) $ (0.02) $ 0.68 $ 0.25 $ 1.02