XML 52 R35.htm IDEA: XBRL DOCUMENT
v2.4.0.8

STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended
--- | ---
Mar. 30, 2014
STOCKHOLDERS' EQUITY [Abstract] |
Schedule of Changes in Unrealized Actuarial Losses |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Thirteen Weeks
|  |  |  |  |  |  |  |  |  |  |  |  |  | Ended
|  | Thirteen Weeks Ended March 30, 2014(a) |  | March 31, 2013(a)
|  | Losses Related to |  | Unrealized |  |  |  |  |  | Losses Related to
|  | Pension and Other |  | Holding Gains on |  |  |  |  |  | Pension and Other
|  | Postretirement |  | Available-for-Sale |  |  |  |  |  | Postretirement
|  | Benefits |  | Securities |  | Total |  | Benefits
|  | (In thousands)
Balance, beginning of period |  | $ | (45,797 | ) |  | $ | 62 |  |  | $ | (45,735 | ) |  | $ | (68,511 | )
Other comprehensive income (loss) before |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
reclassifications |  |  | (5,795 | ) |  |  | (11 | ) |  |  | (5,806 | ) |  |  | 10,160 |
Amounts reclassified from accumulated other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
comprehensive loss to net income |  |  | 9 |  |  |  | (25 | ) |  |  | (16 | ) |  |  | 250 |
Net current period other comprehensive income (loss) |  |  | (5,786 | ) |  |  | (36 | ) |  |  | (5,822 | ) |  |  | 10,410 |
Balance, end of period |  | $ | (51,583 | ) |  | $ | 26 |  |  | $ | (51,557 | ) |  | $ | (58,101 | )
(a) All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive loss.
Schedule of Reclassification from Accumulated Other Comprehensive Loss |
|  | Amount Reclassified from Accumulated |  |
|  | Other Comprehensive Loss(a) |  |
|  | Thirteen Weeks |  | Thirteen Weeks |  |
Details about Accumulated Other Comprehensive |  | Ended March 30, |  | Ended March 31, |  | Affected Line Item in the Condensed
Loss Components |  | 2014 |  | 2013 |  | Consolidated Statements of Operations
(In thousands)
Realized gain on sale of securities |  | $ | 40 |  |  | $ | - |  |  | Selling, general and administrative expense
Amortization of defined benefit pension and |  |  |  |  |  |  |  |  |  |
other postretirement plan actuarial losses: |  |  |  |  |  |  |  |  |  |
Union employees pension plan(b)(d) |  |  | - |  |  |  | (9 | ) |  | Cost of sales
Legacy Gold Kist plans(c)(d) |  |  | (14 | ) |  |  | (241 | ) |  | Selling, general and administrative expense
Total before tax |  |  | 26 |  |  |  | (250 | ) |  |
Tax benefit (expense) |  |  | (10 | ) |  |  | - |  |  |
Total reclassification for the period |  | $ | 16 |  |  |  | (250 | ) |  |
(a) | Amounts in parentheses represent debits to results of operations.
(b) | The Company sponsors the Pilgrim's Pride Retirement Plan for Union Employees (the "Union Plan"), a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements.
(c) | The Company sponsors the Pilgrim's Pride Plan for Legacy Gold Kist Employees, a qualified defined benefit pension plan covering certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007, the Former Gold Kist Inc. Supplemental Executive Retirement Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Former Gold Kist Inc. Directors' Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors, and the Gold Kist Inc. Retiree Life Insurance Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees (collectively, the "Legacy Gold Kist Plans").
(d) | These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See "Note 11. Pension and Other Postretirement Benefits" to the Condensed Consolidated Financial Statements.

X
- Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration