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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Income Statement [Abstract]        
Net sales $ 3,075,121 $ 2,777,970 $ 8,974,072 $ 8,345,730
Cost of sales 2,761,279 2,495,773 8,363,272 7,476,731
Gross profit 313,842 282,197 610,800 868,999
Selling, general and administrative expense 219,554 94,032 404,837 264,313
Administrative restructuring activity 0 (20) 0 (90)
Operating income 94,288 188,185 205,963 604,776
Interest expense, net of capitalized interest 30,564 32,028 95,575 99,184
Interest income (1,763) (4,698) (4,611) (11,481)
Foreign currency transaction loss (gain) 9,092 3,027 (3,768) 7,923
Miscellaneous, net 360 1,367 (33,873) 2,521
Income before income taxes 56,035 156,461 152,640 506,629
Income tax expense 22,344 46,365 57,900 142,328
Net income 33,691 110,096 94,740 364,301
Less: Net income attributable to noncontrolling interests 245 331 62 457
Net income attributable to Pilgrim’s Pride Corporation $ 33,446 $ 109,765 $ 94,678 $ 363,844
Weighted average shares of Pilgrim's Pride Corporation common stock outstanding:        
Basic (in shares) 244,186 249,467 246,740 249,344
Effect of dilutive common stock equivalents (in shares) 190 262 158 308
Diluted (in shares) 244,376 249,729 246,898 249,652
Net income attributable to Pilgrim's Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ 0.14 $ 0.44 $ 0.38 $ 1.46
Diluted (in dollars per share) $ 0.14 $ 0.44 $ 0.38 $ 1.46