XML 66 R114.htm IDEA: XBRL DOCUMENT v2.4.0.6
QUARTERLY RESULTS (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 30, 2012
Sep. 23, 2012
Jun. 26, 2012
Mar. 25, 2012
Dec. 25, 2011
Sep. 25, 2011
Jun. 26, 2011
Mar. 27, 2011
Dec. 26, 2010
Sep. 26, 2010
Jun. 27, 2010
Mar. 28, 2010
Dec. 30, 2012
Dec. 25, 2011
Dec. 26, 2010
Net sales $ 2,189,662 [1] $ 2,068,478 $ 1,974,469 $ 1,888,773 $ 1,829,308 [2] $ 1,891,224 $ 1,922,690 $ 1,892,476 $ 1,811,293 [3] $ 1,719,850 $ 1,707,568 $ 1,642,918 $ 8,121,382 $ 7,535,698 $ 6,881,629
Gross profit (loss) 75,543 [1] 106,135 144,089 110,065 20,188 [2] (62,387) (46,228) (53,110) 119,189 [3] 157,294 132,491 52,019 435,832 (141,537) 460,993
Net income attributable to PPC common stockholders $ 22,773 [1] $ 42,931 $ 69,357 $ 39,173 $ (85,355) [2] $ (162,516) $ (128,141) $ (120,760) $ 41,844 [3] $ 57,926 $ 32,918 $ (45,547) $ 174,234 $ (496,772) $ 87,141
Net loss per share amounts - basic and diluted (in dollars per share) $ 0.09 [1] $ 0.17 $ 0.27 $ 0.18 $ (0.38) [2] $ (0.72) $ (0.57) $ (0.54) $ 0.18 [3] $ 0.26 $ 0.15 $ (0.20) $ 0.70 $ (2.21) $ 0.39
Number of days in quarter 98 days [1] 91 days 91 days 91 days 91 days [2] 91 days 91 days 91 days 91 days [3] 91 days 91 days 91 days 371 days 364 days 364 days
[1] 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.
[2] 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.
[3] 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.