SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 23, 2012

Guarantees [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEETS
September 23, 2012

			Subsidiary		Subsidiary		Eliminations/
	Parent		Guarantor		Non-Guarantors		Adjustments			Consolidation
	(In thousands)
Cash and cash equivalents	$	16,958	$	—	$	38,072	$	—		$	55,030
Restricted cash and cash equivalents		—		—		4,526		—			4,526
Investment in available-for-sale securities		—		—		—		—			—
Trade accounts and other receivables, less allowance for
doubtful accounts		319,616		2,034		46,204		—			367,854
Account receivable from JBS USA, LLC		8,170		—		—		—			8,170
Inventories		840,969		26,324		111,950		—			979,243
Income taxes receivable		58,344		—		7,187		(587	)		64,944
Current deferred tax assets		—		4,003		506		(4,509	)		—
Prepaid expenses and other current assets		32,307		152		22,425		—			54,884
Assets held for sale		12,891		—		15,935		—			28,826
Total current assets		1,289,255		32,513		246,805		(5,096	)		1,563,477
Investment in available-for-sale securities		—		—		—		—			—
Intercompany receivable		16,778		49,196		—		(65,974	)		—
Investment in subsidiaries		367,872		—		—		(367,872	)		—
Deferred tax assets		75,392		—		7		(4,300	)		71,099
Other long-lived assets		48,418		—		180,513		(180,000	)		48,931
Identified intangible assets, net		28,443		—		11,360		—			39,803
Property, plant and equipment, net		1,051,561		46,385		102,906		(3,888	)		1,196,964
Total assets	$	2,877,719	$	128,094	$	541,591	$	(627,130	)	$	2,920,274
Accounts payable	$	264,730	$	10,234	$	45,040	$	—		$	320,004
Account payable to JBS USA, LLC		6,280		—		—		—			6,280
Accrued expenses and other current liabilities		255,964		22,300		32,199		—			310,463
Income taxes payable		—		—		587		(587	)		—
Current deferred tax liabilities		82,823		—		1,005		(4,509	)		79,319
Current maturities of long-term debt		15,619		—		—		—			15,619
Total current liabilities		625,416		32,534		78,831		(5,096	)		731,685
Long-term debt, less current maturities		1,176,127		—		—		(25,000	)		1,151,127
Intercompany payable		—		—		65,974		(65,974	)		—
Deferred tax liabilities		—		4,003		297		(4,300	)		—
Other long-term liabilities		296,378		—		3,368		(155,000	)		144,746
Total liabilities		2,097,921		36,537		148,470		(255,370	)		2,027,558
Total Pilgrim’s Pride Corporation stockholders’
equity		779,798		91,557		390,073		(371,760	)		889,668
Noncontrolling interest		—		—		3,048		—			3,048
Total stockholders’ equity		779,798		91,557		393,121		(371,760	)		892,716
Total liabilities and stockholders’ equity	$	2,877,719	$	128,094	$	541,591	$	(627,130	)	$	2,920,274

CONDENSED CONSOLIDATING BALANCE SHEETS
December 25, 2011

			Subsidiary		Subsidiary		Eliminations/
	Parent		Guarantor		Non-Guarantors		Adjustments			Consolidation
	(In thousands)
Cash and cash equivalents	$	13,733	$	30	$	27,846	$	—		$	41,609
Restricted cash and cash equivalents		—		—		7,680		—			7,680
Investment in available-for-sale securities		—		—		157		—			157
Trade accounts and other receivables, less allowance for
doubtful accounts		302,809		1,575		44,838		—			349,222
Account receivable from JBS USA, LLC		21,198		—		—		—			21,198
Inventories		766,227		21,144		91,723		—			879,094
Income taxes receivable		62,160		—		528		(3,621	)		59,067
Current deferred tax assets		—		4,003		1,478		(5,481	)		—
Prepaid expenses and other current assets		35,877		87		16,386		—			52,350
Assets held for sale		37,754		—		16,062		—			53,816
Total current assets		1,239,758		26,839		206,698		(9,102	)		1,464,193
Investment in available-for-sale securities		—		—		497		—			497
Intercompany receivable		50,064		33,978		—		(84,042	)		—
Investment in subsidiaries		304,395		—		—		(304,395	)		—
Deferred tax assets		75,392		—		7		(4,300	)		71,099
Other long-lived assets		57,460		—		180,461		(180,000	)		57,921
Identified intangible assets, net		31,384		—		12,699		—			44,083
Property, plant and equipment, net		1,090,376		49,336		105,928		(3,888	)		1,241,752
Total assets	$	2,848,829	$	110,153	$	506,290	$	(585,727	)	$	2,879,545
Accounts payable	$	270,538	$	13,033	$	45,293	$	—		$	328,864
Account payable to JBS USA, LLC		11,653		—		—		—			11,653
Accrued expenses and other current liabilities		226,016		17,193		38,588		—			281,797
Income taxes payable		—		—		3,621		(3,621	)		—
Current deferred tax liabilities		83,795		—		934		(5,481	)		79,248
Current maturities of long-term debt		15,611		—		—		—			15,611
Total current liabilities		607,613		30,226		88,436		(9,102	)		717,173
Long-term debt, less current maturities		1,433,001		—		—		(25,000	)		1,408,001
Note payable to JBS USA Holdings, Inc.		50,000		—		—		—			50,000
Intercompany payable		—		—		84,042		(84,042	)		—
Deferred tax liabilities		—		4,003		297		(4,300	)		—
Other long-term liabilities		289,697		—		11,675		(155,431	)		145,941
Total liabilities		2,380,311		34,229		184,450		(277,875	)		2,321,115
Total Pilgrim’s Pride Corporation stockholders’
equity		468,518		75,924		319,022		(307,852	)		555,612
Noncontrolling interest		—		—		2,818		—			2,818
Total stockholders’ equity		468,518		75,924		321,840		(307,852	)		558,430
Total liabilities and stockholders’ equity	$	2,848,829	$	110,153	$	506,290	$	(585,727	)	$	2,879,545

Schedule of Condensed Income Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Thirteen Weeks Ended September 23, 2012

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net sales	$	1,809,883		$	71,124		$	246,519		$	(59,048	)	$	2,068,478
Cost of sales		1,741,370			64,999			215,022			(59,048	)		1,962,343
Gross profit		68,513			6,125			31,497			—			106,135
Selling, general and administrative expense		37,172			—			4,610			—			41,782
Administrative restructuring charges		2,647			—			—			—			2,647
Operating income		28,694			6,125			26,887			—			61,706
Interest expense, net		25,464			—			(204	)		—			25,260
Interest income		(277	)		—			21			—			(256	)
Foreign currency transaction losses		(33	)		—			(7,668	)		—			(7,701	)
Miscellaneous, net		(348	)		(2	)		560			203			413
Income before income taxes		3,888			6,127			34,178			(203	)		43,990
Income tax expense (benefit)		(3,584	)		2,313			2,320			—			1,049
Income before equity in earnings of
consolidated subsidiaries		7,472			3,814			31,858			(203	)		42,941
Equity in earnings of consolidated subsidiaries		39,134			—			—			(39,134	)		—
Net income (loss)		46,606			3,814			31,858			(39,337	)		42,941
Less: Net loss attributable to noncontrolling interest		—			—			10			—			10
Net income (loss) attributable to Pilgrim’s Pride
Corporation	$	46,606		$	3,814		$	31,848		$	(39,337	)	$	42,931
Comprehensive income (loss)	$	41,479		$	3,814		$	31,858		$	(39,337	)	$	37,814
Comprehensive loss attributable to
noncontrolling interests		—			—			10			—			10
Comprehensive income (loss) attributable to
Pilgrim's Pride Corporation	$	41,479			3,814		$	31,848		$	(39,337	)	$	37,804

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Thirteen Weeks Ended September 25, 2011

				Subsidiary		Subsidiary			Eliminations/
	Parent			Guarantor		Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net sales	$	1,536,794		$	110,438	$	309,764		$	(65,772	)	$	1,891,224
Cost of sales		1,583,838			105,531		330,014			(65,772	)		1,953,611
Operational restructuring charges		—			—		—			—			—
Gross profit (loss)		(47,044	)		4,907		(20,250	)		—			(62,387	)
Selling, general and administrative expense		45,240			—		5,957			—			51,197
Administrative restructuring charges		4,583			—		6,889			—			11,472
Operating income (loss)		(96,867	)		4,907		(33,096	)		—			(125,056	)
Interest expense, net		27,845			—		85			—			27,930
Interest income		—			—		(323	)		—			(323	)
Foreign currency transaction losses		114			—		13,811			—			13,925
Miscellaneous, net		25,645			1,125		(30,653	)		155			(3,728	)
Income (loss) before income taxes		(150,471	)		3,782		(16,016	)		(155	)		(162,860	)
Income tax expense (benefit)		(3,257	)		1,428		1,769			—			(60	)
Income (loss) before equity in earnings of
consolidated subsidiaries		(147,214	)		2,354		(17,785	)		(155	)		(162,800	)
Equity in earnings of consolidated subsidiaries		(12,217	)		—		—			12,217			—
Net income (loss)		(159,431	)		2,354		(17,785	)		12,062			(162,800	)
Less: Net income attributable to noncontrolling
interests		—			—		(284	)		—			(284	)
Net income (loss) attributable to Pilgrim’s
Pride Corporation	$	(159,431	)	$	2,354	$	(17,501	)	$	12,062		$	(162,516	)
Comprehensive income (loss)	$	(159,431	)	$	2,354	$	(17,785	)	$	12,062		$	(162,800	)
Comprehensive income attributable to
noncontrolling interests		—			—		(284	)		—			(284	)
Comprehensive income (loss) attributable to
Pilgrim's Pride Corporation	$	(159,431	)	$	2,354	$	(17,501	)	$	12,062		$	(162,516	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Thirty-Nine Weeks Ended September 23, 2012

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net sales	$	5,192,507		$	219,464		$	707,363		$	(187,614	)	$	5,931,720
Cost of sales		4,934,941			198,081			626,023			(187,614	)		5,571,431
Gross profit		257,566			21,383			81,340			—			360,289
Selling, general and administrative expense		116,726			—			14,751			—			131,477
Administrative restructuring charges		5,916			—			5			—			5,921
Operating income		134,924			21,383			66,584			—			222,891
Interest expense, net		78,234			—			196			—			78,430
Interest income		(293	)		—			(593	)		—			(886	)
Foreign currency transaction losses		15			—			(5,432	)		—			(5,417	)
Miscellaneous, net		(829	)		(13	)		160			410			(272	)
Income (loss) before income taxes		57,797			21,396			72,253			(410	)		151,036
Income tax expense (benefit)		(10,671	)		8,077			1,938			—			(656	)
Income (loss) before equity in earnings of
consolidated subsidiaries		68,468			13,319			70,315			(410	)		151,692
Equity in earnings of consolidated subsidiaries		86,879			—			—			(86,879	)		—
Net income (loss)		155,347			13,319			70,315			(87,289	)		151,692
Less: Net income attributable to noncontrolling
interest		—			—			230			—			230
Net income (loss) attributable to Pilgrim’s Pride
Corporation	$	155,347		$	13,319		$	70,085		$	(87,289	)	$	151,462
Comprehensive income (loss)	$	139,195		$	13,319		$	70,315		$	(87,289	)	$	135,540
Comprehensive income attributable to
noncontrolling interests		—			—			230			—			230
Comprehensive income (loss) attributable to
Pilgrim's Pride Corporation	$	139,195			13,319		$	70,085		$	(87,289	)	$	135,310

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Thirty-Nine Weeks Ended September 25, 2011

				Subsidiary		Subsidiary			Eliminations/
	Parent			Guarantor		Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Net sales	$	4,628,071		$	340,098	$	954,918		$	(216,697	)	$	5,706,390
Cost of sales		4,755,429			314,542		1,011,536			(216,697	)		5,864,810
Operational restructuring charges		3,305			—		—			—			3,305
Gross profit (loss)		(130,663	)		25,556		(56,618	)		—			(161,725	)
Selling, general and administrative expense		135,332			—		22,009			—			157,341
Administrative restructuring charges		4,583			—		6,889			—			11,472
Operating income (loss)		(270,578	)		25,556		(85,516	)		—			(330,538	)
Interest expense, net		82,344			—		519			—			82,863
Interest income		(354	)		—		(957	)		—			(1,311	)
Foreign currency transaction gains		(59	)		—		11,294			—			11,235
Miscellaneous, net		77,401			3,477		(87,701	)		587			(6,236	)
Income (loss) before income taxes		(429,910	)		22,079		(8,671	)		(587	)		(417,089	)
Income tax expense (benefit)		(19,229	)		8,335		4,432			—			(6,462	)
Income (loss) before equity in earnings of
consolidated subsidiaries		(410,681	)		13,744		(13,103	)		(587	)		(410,627	)
Equity in earnings of consolidated subsidiaries		685			—		—			(685	)		—
Net income (loss)		(409,996	)		13,744		(13,103	)		(1,272	)		(410,627	)
Less: Net income attributable to noncontrolling
interest		—			—		790			—			790
Net income (loss) attributable to Pilgrim’s Pride
Corporation	$	(409,996	)	$	13,744	$	(13,893	)	$	(1,272	)	$	(411,417	)
Comprehensive income (loss)	$	(411,851	)	$	13,744	$	(13,103	)	$	(1,272	)	$	(412,482	)
Comprehensive income attributable to
noncontrolling interests		—			—		790			—			790
Comprehensive income (loss) attributable to
Pilgrim's Pride Corporation	$	(411,851	)		13,744	$	(13,893	)	$	(1,272	)	$	(413,272	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Thirty-Nine Weeks Ended September 23, 2012

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Cash provided by operating activities	$	138,384		$	1,299		$	16,257		$	21		$	155,961
Cash flows from investing activities:
Acquisitions of property, plant and equipment		(53,577	)		(1,329	)		(7,204	)		—			(62,110	)
Purchases of investment securities		(73	)		—			(89	)		—			(162	)
Proceeds from sale or maturity of investment
securities		57			—			631			—			688
Proceeds from property sales and disposals		27,360			—			1,327			—			28,687
Cash used in investing activities		(26,233	)		(1,329	)		(5,335	)		—			(32,897	)
Cash flows from financing activities:
Payments on note payable to JBS USA Holdings, Inc.		(50,000	)		—			—			—			(50,000	)
Proceeds from long-term debt		595,800			—			—			—			595,800
Payments on long-term debt		(853,008	)		—			—			—			(853,008	)
Proceeds from sale of common stock		198,282			—			—			—			198,282
Other financing activities		—			—			21			(21	)		—
Cash provided by (used in) financing activities		(108,926	)		—			21			(21	)		(108,926	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(717	)		—			(717	)
Increase (decrease) in cash and cash equivalents		3,225			(30	)		10,226			—			13,421
Cash and cash equivalents, beginning of period		13,733			30			27,846			—			41,609
Cash and cash equivalents, end of period	$	16,958		$	—		$	38,072		$	—		$	55,030

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Thirty-Nine Weeks Ended September 25, 2011

				Subsidiary			Subsidiary			Eliminations/
	Parent			Guarantor			Non-Guarantors			Adjustments			Consolidation
	(In thousands)
Cash provided by (used in) operating activities	$	(127,437	)	$	8,249		$	(9,705	)	$	(587	)	$	(129,480	)
Cash flows from investing activities:
Acquisitions of property, plant and equipment		(106,526	)		(8,414	)		(6,929	)		—			(121,869	)
Purchases of investment securities		—			—			(4,536	)		—			(4,536	)
Proceeds from sale or maturity of investment securities		—			—			14,631			—			14,631
Proceeds from property sales and disposals		5,744			165			1,593			—			7,502
Cash used in investing activities		(100,782	)		(8,249	)		4,759			—			(104,272	)
Cash flows from financing activities:
Proceeds from long-term debt		804,689			—			—			—			804,689
Payments on long-term debt		(669,832	)		—			—			—			(669,832	)
Proceeds from note payable to JBS Holdings, Inc.		50,000			—			—			—			50,000
Purchase of remaining interest in subsidiary		(2,504	)		—			—			—			(2,504	)
Payment of capitalized loan costs		(4,395	)		—			—			—			(4,395	)
Other financing activities		—			—			(693	)		587			(106	)
Cash provided by (used in) financing activities		177,958			—			(693	)		587			177,852
Effect of exchange rate changes on cash and cash equivalents		—			—			(3,273	)		—			(3,273	)
Decrease in cash and cash equivalents		(50,261	)		—			(8,912	)		—			(59,173	)
Cash and cash equivalents, beginning of period		67,685			—			38,392			—			106,077
Cash and cash equivalents, end of period	$	17,424		$	—		$	29,480		$	—		$	46,904