QUARTERLY RESULTS

12 Months Ended

Dec. 29, 2013

QUARTERLY RESULTS [Abstract]

QUARTERLY RESULTS

21.QUARTERLY RESULTS (UNAUDITED-SEE ACCOMPANYING ACCOUNTANTS' REPORT)

2013	First		Second		Third		Fourth(a)		Year
	(In thousands, except per share data)
Net sales	$	2,036,929	$	2,184,118	$	2,142,816	$	2,047,285	$	8,411,148
Gross profit		118,434		282,507		236,573		207,925		845,439
Net income attributable to PPC
common stockholders		54,582		190,704		160,917		143,352		549,555
Net income per share amounts -
basic and diluted		0.21		0.74		0.62		0.55		2.12
Number of days in quarter		91		91		91		91		364

(a) In the fourth quarter of 2013, the Company recognized expenses related to the shutdown of our Dallas plant of $.5 million and asset impairment charges of $.5 million.

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 (loss)		110,065		144,089		106,135		75,543		435,832
Net loss attributable to PPC
common stockholders		39,173		69,357		42,931		22,773		174,234
Net loss 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	(53,110	)	(46,228	)	(62,387	)	20,188		(141,537	)
Net income (loss) attributable to PPC
common stockholders	(120,760	)	(128,141	)	(162,516	)	(85,355	)	(496,772	)
Net income (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.