QUARTERLY RESULTS (UNAUDITED)

12 Months Ended

Dec. 27, 2015

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)

2015	First		Second(a)		Third(b)		Fourth(b)		Year
	(In thousands, except per share data)
Net sales	$	2,052,919	$	2,053,876	$	2,112,529	$	1,960,780	$	8,180,104
Gross profit	377,120		432,020		284,544		160,693		1,254,377
Net income attributable to PPC     common stockholders	204,215		241,489		137,062		63,148		645,914
Net income per share amounts -     basic	0.79		0.93		0.53		0.25		2.50
Net income per share amounts -    diluted	0.79		0.93		0.53		0.25		2.50
Number of days in quarter	91		91		91		91		364

2014	First		Second		Third		Fourth		Year
	(In thousands, except per share data)
Net sales	$	2,018,065	$	2,186,817	$	2,268,048	$	2,110,435	$	8,583,365
Gross profit (loss)	215,106		349,476		450,265		379,148		1,393,995
Net income attributable to PPC common stockholders	98,117		190,360		255,983		167,188		711,648
Net income per share amounts - basic	0.38		0.74		0.99		0.65		2.75
Net income per share amounts - diluted	0.38		0.73		0.99		0.64		2.74
Number of days in quarter	91		91		91		91		364

2013	First		Second		Third		Fourth(b)		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 second quarter of 2015, the Company recognized impairment charges of $4.8 million related to our Dallas, Texas and Bossier City, Louisiana plants held for sale.

(b) On June 29, 2015, the Company acquired, indirectly through certain of its Mexican subsidiaries, 100% of the equity of Tyson Mexico from Tyson Foods, Inc. and certain of its subsidiaries. The results of operations of the acquired business since June 29, 2015 are included in the Company’s Consolidated Statements of Operations. Net sales generated by the acquired business during the third and fourth quarters of 2015 were $128.9 million and $121.7 million, respectively. The acquired business incurred net losses of $2.9 million and $10.8 million during the third and fourth quarters of 2015, respectively.

(c) In the fourth quarter of 2013, the Company recognized expenses related to the shutdown of our Dallas, Texas plant of $0.5 million and asset impairment charges of $0.5 million.