EXIT OR DISPOSAL ACTIVITIES (Tables)

12 Months Ended

Dec. 29, 2013

EXIT OR DISPOSAL ACTIVITIES [Abstract]

Schedule of Exit or Disposal Efforts

			JBS USA
	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	$	32,311	$	34,803
Asset impairment costs		25,018		38,514		63,532
Inventory valuation costs		344		-		344
Other exit or disposal costs		15,207		11,336		26,543
Total exit or disposal costs	$	43,061	$	82,161	$	125,222
Costs incurred since earliest implementation date:
Employee-related costs	$	2,492	$	32,311	$	34,803
Asset impairment costs		25,018		38,514		63,532
Inventory valuation costs		344		-		344
Other exit or disposal costs		14,241		11,336		25,577
Total exit or disposal costs	$	42,095	$	82,161	$	124,256

	2013						2012							2011
	Facility		JBS USA				Facility		JBS USA					Facility		JBS USA
	Closures(a)		Integration(b)		Total		Closures(a)		Integration(b)			Total		Closures(a)		Integration(b)		Total
	(In thousands)
Employee-related
costs	$	-	$	-	$	-	$	65	$	-		$	65	$	647	$	405	$	1,052
Asset impairment
costs		3,177		466		3,643		3,868		(1,098	)		2,770		9,203		13,693		22,896
Inventory
valuation costs		-		-		-		151		-			151		-		-		-
Other exit or
disposal costs		2,018		-		2,018		3,685		1,994			5,679		5,249		-		5,249
Total exit or
disposal costs	$	5,195	$	466	$	5,661	$	7,769	$	896		$	8,665	$	15,099	$	14,098	$	29,197

(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 Accrued Exit or Disposal Cost Accounts Activity

	Accrued			Inventory
	Severance			Reserves			Total
	(In thousands)
December 25, 2011	$	90		$	793		$	883
Accruals		65			151			216
Payment/Disposal	(155		)		(136	)		(291	)
December 30, 2012		-			808			808
Accruals		-			-			-
Payment/Disposal		-			(808	)		(808	)
December 29, 2013	$	-		$	-		$	-

Schedule of Exit or Disposal Costs

	2013		2012		2011
	(In thousands)
Cost of sales	$	-	$	216	$	-
Operational restructuring charges		-		-		1,958
Selling, general and administrative expense		-		-		328
Administrative restructuring charges		5,661		8,449		26,911
Total exit or disposal costs	$	5,661	$	8,665	$	29,197

Schedule of Components of Administrative Restructuring Charges

	2013		2012		2011
	(In thousands)
Operational restructuring charges:
Relocation charges expensed as incurred	$	-	$	-	$	-
Asset impairments (See "Note 8. Property, Plant and Equipment")		-		-		1,958
Loss on egg sales and flock depletion expensed as incurred		-		-		-
Total	$	-	$	-	$	1,958
Administrative restructuring charges:
Severance charges	$	-	$	-	$	724
Relocation charges expensed as incurred		-		-		-
Asset impairments (See "Note 8. Property, Plant and Equipment")		3,643		2,770		20,938
Loss on scrapped inventory expensed as incurred		-		-		-
Loss on egg sales and flock depletion expensed as incurred		-		509		2,390
Other restructuring costs		2,018		5,170		2,859
Total	$	5,661	$	8,449	$	26,911