QUARTERLY RESULTS

12 Months Ended

Dec. 30, 2012

Quarterly Results (Unaudited) [Abstract]

Quarterly Financial Information [Text Block]

24. QUARTERLY RESULTS (UNAUDITED-SEE ACCOMPANYING ACCOUNTANTS’ REPORT)

2012	First		Second		Third		Fourth(a)		Year
	(In thousands, except per share data)
Net sales	$	1,888,773	$	1,974,469	$	2,068,478	$	2,189,662	$	8,121,382
Gross profit		110,065		144,089		106,135		75,543		435,832
Net income attributable to PPC
common stockholders		39,173		69,357		42,931		22,773		174,234
Net income per share amounts -
basic and diluted		0.18		0.27		0.17		0.09		0.70
Number of days in quarter		91		91		91		98		371

(a) In the fourth quarter of 2012, the Company recognized expenses related to the shutdown of our Dallas plant of $1.1 million and asset impairment charges of $1.4 million.

2011	First			Second			Third			Fourth(a)			Year
	(In thousands, except per share data)
Net sales	$	1,892,476		$	1,922,690		$	1,891,224		$	1,829,308		$	7,535,698
Gross profit (loss)		(53,110	)		(46,228	)		(62,387	)		20,188			(141,537	)
Net loss attributable to PPC
common stockholders		(120,760	)		(128,141	)		(162,516	)		(85,355	)		(496,772	)
Net loss per share amounts -
basic and diluted		(0.54	)		(0.57	)		(0.72	)		(0.38	)		(2.21	)
Number of days in quarter		91			91			91			91			364

(a) In the fourth quarter of 2011, the Company recognized restructuring charges of $14.6 million, asset impairment charges of $11.3 million and net gains on derivative financial instruments of $3.1 million.

2010	First			Second		Third		Fourth(a)		Year
		(In thousands, except per share data)
Net sales	$	1,642,918		$	1,707,568	$	1,719,850	$	1,811,293	$	6,881,629
Gross profit		52,019			132,491		157,294		119,189		460,993
Net income (loss) attributable to PPC
common stockholders		(45,547	)		32,918		57,926		41,844		87,141
Net income (loss) per share amounts -
basic and diluted		(0.20	)		0.15		0.26		0.18		0.39
Number of days in quarter		91			91		91		91		364

(a) In the fourth quarter of 2010, the Company recognized restructuring charges of $4.9 million, asset impairment charges of $11.2 million and net gains on derivative financial instruments of $62.8 million.