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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2021
Sep. 27, 2020
Sep. 26, 2021
Sep. 27, 2020
Income Statement [Abstract]        
Net sales $ 3,827,566 $ 3,075,121 $ 10,738,689 $ 8,974,072
Cost of sales 3,455,723 2,761,279 9,725,362 8,363,272
Gross profit 371,843 313,842 1,013,327 610,800
Selling, general and administrative expense 251,066 219,554 857,217 404,837
Operating income 120,777 94,288 156,110 205,963
Interest expense, net of capitalized interest 29,833 30,564 110,818 95,575
Interest income (1,244) (1,763) (4,452) (4,611)
Foreign currency transaction loss (gain) 2,359 9,092 9,018 (3,768)
Miscellaneous, net (1,391) 360 (10,005) (33,873)
Income before income taxes 91,220 56,035 50,731 152,640
Income tax expense 30,385 22,344 55,931 57,900
Net income (loss) 60,835 33,691 (5,200) 94,740
Less: Net income attributable to noncontrolling interests 110 245 554 62
Net income (loss) attributable to Pilgrim’s Pride Corporation $ 60,725 $ 33,446 $ (5,754) $ 94,678
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:        
Basic (in shares) 243,675 244,186 243,643 246,740
Effect of dilutive common stock equivalents (in shares) 520 190 0 158
Diluted (in shares) 244,195 244,376 243,643 246,898
Net income (loss) attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ 0.25 $ 0.14 $ (0.02) $ 0.38
Diluted (in dollars per share) $ 0.25 $ 0.14 $ (0.02) $ 0.38