EXIT OR DISPOSAL ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2013

EXIT OR DISPOSAL ACTIVITIES [Abstract]

Schedule of Exit or Disposal Efforts

Specific exit or disposal efforts that were ongoing during either the thirteen and twenty-six weeks ended June 30, 2013 or the thirteen and twenty-six weeks ended June 24, 2012 included the following:

			Administrative
	Facility Closures(a)		Integration (b)		Total
	(In thousands, except positions eliminated)
Earliest implementation date	October 2008		January 2010
Latest expected completion date	September 2014		September 2012
Positions eliminated		2,410		480		2,890
Costs incurred and expected to be incurred:
Employee-related costs	$	2,492	$	864	$	3,356
Asset impairment costs		13,249		36,896		50,145
Inventory valuation costs		344		-		344
Other exit or disposal costs		15,206		4,112		19,318
Total exit or disposal costs	$	31,291	$	41,872	$	73,163
Costs incurred since earliest implementation date:
Employee-related costs	$	2,492	$	864	$	3,356
Asset impairment costs		13,249		36,896		50,145
Inventory valuation costs		344		-		344
Other exit or disposal costs		13,186		4,112		17,298
Total exit or disposal costs	$	29,271	$	41,872	$	71,143

	Thirteen Weeks Ended June 30, 2013						Thirteen Weeks Ended June 24, 2012
			Administrative						Administrative
	Facility Closures		Integration		Total		Facility Closures		Integration		Total
	(In thousands)
Other exit or disposal costs		480		-		480		389		-		389
Total exit or disposal costs	$	480	$	-	$	480	$	389	$	-	$	389
	Twenty-Six Weeks Ended June 30, 2013						Twenty-Six Weeks Ended June 24, 2012
			Administrative						Administrative
	Facility Closures		Integration		Total		Facility Closures		Integration		Total
	(In thousands)
Employee-related costs	$	-	$	-	$	-	$	78	$	-	$	78
Asset impairment costs		-		-		-		960		382		1,342
Other exit or disposal costs		964		-		964		1,932		-		1,932
Total exit or disposal costs	$	964	$	-	$	964	$	2,970	$	382	$	3,352

(a)

Significant facilities closed included one processing plant in 2008, two processing plants in 2009, two processing plants in the transition period and one processing plant in 2011. The transition period began September 27, 2009 and ended December 27, 2009 and resulted from the Company's change in its fiscal year end from the Saturday nearest September 30 each year to the last Sunday in December of each year.

(b)

Company management implemented certain activities to integrate the administrative functions of the Company into those of JBS USA. These included the closures of administrative offices in Georgia and Texas.

Schedule of Exit or Disposal Cost Accounts Activity

The following table sets forth activity that was recorded through the Company's accrued exit or disposal cost accounts during the twenty-six weeks ended June 30, 2013 and June 24, 2012:

				Accrued
	Accrued			Inventory
	Severance			Charges			Total
	(In thousands)
Balance at December 30, 2012	$	-		$	808		$	808
Accruals		-			-			-
Payment/Disposal		-			-			-
Adjustments		-			-			-
Balance at June 30, 2013	$	-		$	808		$	808
Balance at December 25, 2011	$	90		$	793		$	883
Accruals		-			-			-
Payment/Disposal		(155	)		(136	)		(291	)
Adjustments		78			-			78
Balance at June 24, 2012	$	13		$	657		$	670

Schedule of Exit or Disposal Costs

Exit or disposal costs were included on the following lines in the accompanying Condensed Consolidated Statements of Income:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	June 30, 2013		June 24, 2012		June 30, 2013		June 24, 2012
				(In thousands)
Cost of sales	$	-	$	-	$	-	$	78
Administrative restructuring charges		480		389		964		3,274
Total exit or disposal costs	$	480	$	389	$	964	$	3,352

Schedule of Components of Administrative Restructuring Charges

Components of administrative restructuring charges are summarized below:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	June 30, 2013		June 24, 2012		June 30, 2013		June 24, 2012
				(In thousands)
Asset impairment costs (Note 6. Property, Plant and
Equipment)	$	-	$	-	$	-	$	1,342
Loss on egg sales and flock depletion expensed as
incurred		-		54		-		509
Other restructuring costs		480		335		964		1,423
Total administrative restructuring charges	$	480	$	389	$	964	$	3,274