XML 55 R68.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Details 1) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 25, 2012
Net sales $ 2,036,929 $ 1,888,773
Cost of sales 1,918,495 1,778,708
Gross profit 118,434 110,065
Selling, general and administrative expense 43,992 45,256
Administrative restructuring charges 484 2,885
Operating income 73,958 61,924
Interest expense, net 24,821 28,245
Interest income (216) (274)
Foreign currency transaction gains (7,624) (5,928)
Miscellaneous, net (5) (370)
Income (loss) before income taxes 56,982 40,251
Income tax expense (benefit) 2,754 653
Income (loss) before equity in earnings of consolidated subsidiaries 54,228 39,598
Equity in earnings of consolidated subsidiaries 0 0
Net income (loss) 54,228 39,598
Less: Net loss attributable to noncontrolling interest (354) 425
Net income (loss) attributable to Pilgrim's Pride Corporation 54,582 39,173
Parent Company [Member]
   
Net sales 1,769,794 1,639,563
Cost of sales 1,704,798 1,567,352
Gross profit 64,996 72,211
Selling, general and administrative expense 37,484 40,218
Administrative restructuring charges 484 2,880
Operating income 27,028 29,113
Interest expense, net 24,683 28,076
Interest income 3 9
Foreign currency transaction gains 10 (23)
Miscellaneous, net 1,715 118
Income (loss) before income taxes 4,073 1,141
Income tax expense (benefit) (5,871) (4,677)
Income (loss) before equity in earnings of consolidated subsidiaries 9,944 5,818
Equity in earnings of consolidated subsidiaries 38,954 33,640
Net income (loss) 48,898 39,458
Less: Net loss attributable to noncontrolling interest 0 0
Net income (loss) attributable to Pilgrim's Pride Corporation 48,898 39,458
Guarantor Subsidiaries [Member]
   
Net sales 75,660 76,486
Cost of sales 66,934 67,543
Gross profit 8,726 8,943
Selling, general and administrative expense 1,008 0
Administrative restructuring charges 0 0
Operating income 7,718 8,943
Interest expense, net 0 0
Interest income 0 0
Foreign currency transaction gains 0 0
Miscellaneous, net (1,221) 9
Income (loss) before income taxes 6,497 8,952
Income tax expense (benefit) 1,969 3,379
Income (loss) before equity in earnings of consolidated subsidiaries 4,528 5,573
Equity in earnings of consolidated subsidiaries 0 0
Net income (loss) 4,528 5,573
Less: Net loss attributable to noncontrolling interest 0 0
Net income (loss) attributable to Pilgrim's Pride Corporation 4,528 5,573
Non-Guarantor Subsidiaries [Member]
   
Net sales 259,199 233,289
Cost of sales 214,487 204,378
Gross profit 44,712 28,911
Selling, general and administrative expense 5,500 5,038
Administrative restructuring charges 0 5
Operating income 39,212 23,868
Interest expense, net 138 169
Interest income 213 265
Foreign currency transaction gains 7,614 5,951
Miscellaneous, net (530) 529
Income (loss) before income taxes 46,371 30,444
Income tax expense (benefit) 6,656 1,951
Income (loss) before equity in earnings of consolidated subsidiaries 39,715 28,493
Equity in earnings of consolidated subsidiaries 0 0
Net income (loss) 39,715 28,493
Less: Net loss attributable to noncontrolling interest (354) 425
Net income (loss) attributable to Pilgrim's Pride Corporation 40,069 28,068
Consolidation, Eliminations [Member]
   
Net sales (67,724) (60,565)
Cost of sales (67,724) (60,565)
Gross profit 0 0
Selling, general and administrative expense 0 0
Administrative restructuring charges 0 0
Operating income 0 0
Interest expense, net 0 0
Interest income 0 0
Foreign currency transaction gains 0 0
Miscellaneous, net 41 (286)
Income (loss) before income taxes 41 (286)
Income tax expense (benefit) 0 0
Income (loss) before equity in earnings of consolidated subsidiaries 41 (286)
Equity in earnings of consolidated subsidiaries (38,954) (33,640)
Net income (loss) (38,913) (33,926)
Less: Net loss attributable to noncontrolling interest 0 0
Net income (loss) attributable to Pilgrim's Pride Corporation $ (38,913) $ (33,926)