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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Jun. 27, 2021
Jun. 28, 2020
Income Statement [Abstract]        
Net sales $ 3,637,698 $ 2,824,023 $ 6,911,123 $ 5,898,951
Cost of sales 3,257,457 2,704,164 6,269,639 5,601,993
Gross profit 380,241 119,859 641,484 296,958
Selling, general and administrative expense 503,372 92,570 606,151 185,283
Operating income (loss) (123,131) 27,289 35,333 111,675
Interest expense, net of capitalized interest 50,651 32,323 80,985 65,011
Interest income (842) (1,158) (3,208) (2,848)
Foreign currency transaction loss (gain) 4,145 5,525 6,659 (12,860)
Miscellaneous, net (770) (45) (8,614) (34,233)
Income (loss) before income taxes (176,315) (9,356) (40,489) 96,605
Income tax expense (benefit) (9,812) (2,956) 25,546 35,556
Net income (loss) (166,503) (6,400) (66,035) 61,049
Less: Net income (loss) attributable to noncontrolling interests 184 (364) 444 (183)
Net income (loss) attributable to Pilgrim’s Pride Corporation $ (166,687) $ (6,036) $ (66,479) $ 61,232
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:        
Basic (in shares) 243,675 246,687 243,627 248,017
Effect of dilutive common stock equivalents (in shares) 0 0 0 291
Diluted (in shares) 243,675 246,687 243,627 248,308
Net income (loss) attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ (0.68) $ (0.02) $ (0.27) $ 0.25
Diluted (in dollars per share) $ (0.68) $ (0.02) $ (0.27) $ 0.25