XML 14 R3.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 27, 2022
Mar. 28, 2021
Income Statement [Abstract]    
Net sales $ 4,240,395 $ 3,273,425
Cost of sales 3,698,415 3,012,182
Gross profit 541,980 261,243
Selling, general and administrative expense 139,967 102,779
Operating income 402,013 158,464
Interest expense, net of capitalized interest 36,296 30,334
Interest income (1,274) (2,366)
Foreign currency transaction losses 11,536 2,514
Miscellaneous, net (324) (7,844)
Income before income taxes 355,779 135,826
Income tax expense 75,219 35,358
Net income 280,560 100,468
Less: Net income attributable to noncontrolling interests 122 260
Net income attributable to Pilgrim’s Pride Corporation $ 280,438 $ 100,208
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:    
Basic (in shares) 243,670 243,580
Effect of dilutive common stock equivalents (in shares) 630 278
Diluted (in shares) 244,300 243,858
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:    
Basic (in dollars per share) $ 1.15 $ 0.41
Diluted (in dollars per share) $ 1.15 $ 0.41