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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Sep. 27, 2015
Sep. 28, 2014
Income Statement [Abstract]        
Net sales $ 2,112,529 $ 2,268,048 $ 6,219,324 $ 6,472,929
Cost of sales 1,827,985 1,817,783 5,125,640 5,458,083
Gross profit 284,544 450,265 1,093,684 1,014,846
Selling, general and administrative expense 52,620 44,629 150,961 138,437
Administrative restructuring charges 792 135 5,605 2,286
Operating income 231,132 405,501 937,118 874,123
Interest expense, net of capitalized interest 10,501 11,372 26,870 45,407
Interest income (319) (1,171) (3,086) (2,974)
Foreign currency transaction loss 12,773 6,414 23,806 4,932
Miscellaneous, net (2,071) (610) (7,135) (2,609)
Income before income taxes 210,248 389,496 896,663 829,367
Income tax expense 73,153 133,693 313,751 284,932
Net income 137,095 255,803 582,912 544,435
Less: Net income (loss) attributable to noncontrolling interests 33 (181) 146 (26)
Net income attributable to Pilgrim’s Pride Corporation $ 137,062 $ 255,984 $ 582,766 $ 544,461
Weighted average shares of common stock outstanding:        
Basic (in shares) 259,280 258,999 259,540 258,966
Effect of dilutive common stock equivalents (in shares) 223 523 225 482
Diluted (in shares) 259,503 259,522 259,765 259,448
Net income attributable to Pilgrim's Pride Corporation per share of common stock outstanding:        
Basic (usd per share) $ 0.53 $ 0.99 $ 2.25 $ 2.10
Diluted (usd per share) $ 0.53 $ 0.99 $ 2.24 $ 2.10