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QUARTERLY RESULTS (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results |
2017 |  | First (a) |  | Second(b) |  | Third(c) |  | Fourth(d) |  | Year
|  | (In thousands, except per share data)
Net sales |  | $ | 2,479,340 |  |  | $ | 2,752,286 |  |  | $ | 2,793,885 |  |  | $ | 2,742,352 |  |  | $ | 10,767,863 |
Gross profit |  | 256,388 |  |  | 474,838 |  |  | 478,584 |  |  | 261,804 |  |  | 1,471,614 |
Net income attributable to PPC common stockholders |  | 93,921 |  |  | 233,641 |  |  | 232,680 |  |  | 134,337 |  |  | 694,579 |
Net income per share amounts - basic |  | 0.38 |  |  | 0.94 |  |  | 0.94 |  |  | 0.54 |  |  | 2.79 |
Net income per share amounts - diluted |  | 0.38 |  |  | 0.94 |  |  | 0.93 |  |  | 0.54 |  |  | 2.79 |
Number of days in period |  | 91 |  |  | 91 |  |  | 91 |  |  | 98 |  |  | 371 |
2016 |  | First |  | Second |  | Third |  | Fourth(e) |  | Year
|  | (In thousands, except per share data)
Net sales |  | $ | 2,460,410 |  |  | $ | 2,551,990 |  |  | $ | 2,495,281 |  |  | $ | 2,370,883 |  |  | $ | 9,878,564 |
Gross profit (loss) |  | 284,257 |  |  | 337,796 |  |  | 253,060 |  |  | 228,870 |  |  | 1,103,983 |
Net income attributable to PPC common stockholders |  | 118,371 |  |  | 152,886 |  |  | 98,657 |  |  | 70,618 |  |  | 440,532 |
Net income per share amounts - basic |  | 0.46 |  |  | 0.60 |  |  | 0.39 |  |  | 0.29 |  |  | 1.74 |
Net income per share amounts - diluted |  | 0.46 |  |  | 0.60 |  |  | 0.39 |  |  | 0.28 |  |  | 1.73 |
Number of days in period |  | 91 |  |  | 91 |  |  | 91 |  |  | 91 |  |  | 364 |
2015 |  | First |  | Second(f) |  | Third(g) |  | Fourth(g) |  | Year
|  | (In thousands, except per share data)
Net sales |  | $ | 2,052,919 |  |  | $ | 2,053,876 |  |  | $ | 2,112,529 |  |  | $ | 2,533,348 |  |  | $ | 8,752,672 |
Gross profit |  | 377,120 |  |  | 432,020 |  |  | 284,544 |  |  | 205,040 |  |  | 1,298,724 |
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 period |  | 91 |  |  | 91 |  |  | 91 |  |  | 91 |  |  | 364 |
(a) | In the first quarter of 2017, the company had transaction costs of approximately $0.6 million for the acquisition of GNP.
(b) | In the second quarter of 2017, the company recognized impairment charges of approximately $3.5 million related to our Athens, Alabama plant held for sale.
(c) | In the third quarter of 2017, the company had transaction costs of approximately $15 million for the acquisition of Moy Park.
(d) | In the fourth quarter of 2017, the company had transaction costs of approximately $4.5 million for the acquisition of Moy Park.
(e) | In the fourth quarter of 2016, the company recognized impairment charges of $0.8 million and $0.3 million related to our Dallas, Texas and Bossier City, Louisiana plants held for sale.
(f) | 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.
(g) | 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 and Combined 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.

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