XML 20 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Dec. 29, 2013
Income Statement [Abstract]      
Net sales $ 8,180,104 $ 8,583,365 $ 8,411,148
Cost of sales 6,925,727 7,189,370 7,565,709
Gross profit 1,254,377 1,393,995 845,439
Selling, general and administrative expense 203,881 188,594 180,915
Administrative restructuring charges 5,605 2,286 5,661
Operating income 1,044,891 1,203,115 658,863
Interest expense, net of capitalized interest 37,548 82,097 87,006
Interest income (3,673) (4,826) (2,125)
Foreign currency transaction losses 25,940 27,979 4,415
Miscellaneous, net (7,682) (4,526) (4,373)
Income before income taxes 992,758 1,102,391 573,940
Income tax expense 346,796 390,953 24,227
Net income 645,962 711,438 549,713
Less: Net income (loss) attributable to noncontrolling interest 48 (210) 158
Net income attributable to Pilgrim’s Pride Corporation $ 645,914 $ 711,648 $ 549,555
Weighted average shares of common stock outstanding:      
Basic (in shares) 258,442 258,974 258,826
Effect of dilutive common stock equivalents (in shares) 234 497 415
Diluted (in shares) 258,676 259,471 259,241
Net income attributable to Pilgrim's Pride Corporation per share of common stock outstanding:      
Basic (in dollars per share) $ 2.50 $ 2.75 $ 2.12
Diluted (in dollars per share) $ 2.50 $ 2.74 $ 2.12