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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 24, 2012
Jun. 26, 2011
Jun. 24, 2012
Jun. 26, 2011
Net sales $ 1,974,469 $ 1,922,690 $ 3,863,242 $ 3,815,166
Cost of sales 1,830,380 1,966,961 3,609,088 3,911,199
Operational restructuring charges 0 1,957 0 3,305
Gross profit (loss) 144,089 (46,228) 254,154 (99,338)
Selling, general and administrative expense 44,439 51,628 89,695 104,876
Administrative restructuring charges 389 850 3,274 1,268
Operating income (loss) 99,261 (98,706) 161,185 (205,482)
Interest expense, net of capitalized interest 24,925 27,426 53,170 54,933
Interest income (356) (278) (630) (988)
Foreign currency transaction losses (gains) 8,212 44 2,284 (2,691)
Miscellaneous, net (315) (1,436) (685) (2,507)
Income (loss) before income taxes 66,795 (124,462) 107,046 (254,229)
Income tax expense (benefit) (2,358) 3,470 (1,705) (6,402)
Net income (loss) 69,153 (127,932) 108,751 (247,827)
Less: Net income (loss) attributable to noncontrolling interests (205) 209 220 1,074
Net income (loss) attributable to Pilgrim's Pride Corporation 69,358 (128,141) 108,531 (248,901)
Comprehensive income (loss) 57,708 (128,148) 97,726 (248,558)
Comprehensive income (loss) attributable to noncontrolling interests (205) 209 220 1,074
Comprehensive income (loss) attributable to Pilgrim's Pride Corporation $ 57,913 $ (128,357) $ 97,506 $ (249,632)
Weighted average shares of common stock outstanding:        
Basic (Note 13. Stockholders' Equity) (in shares) 258,726 224,996 241,144 224,996
Effect of common stock equivalents (in shares) 115 0 92 0
Diluted (in shares) 258,841 224,996 241,236 224,996
Net income (loss) per share of common stock outstanding:        
Basic (in dollars per share) $ 0.27 $ (0.57) $ 0.45 $ (1.11)
Diluted (in dollars per share) $ 0.27 $ (0.57) $ 0.45 $ (1.11)