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RESTRUCTURING-RELATED ACTIVITIES (Tables) | 12 Months Ended
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Dec. 25, 2022
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | The following table provides a summary of our estimates of costs associated with these restructuring initiatives by major type of cost:
Type of Cost | Moy Park |  | Pilgrim’s Pride Ltd. |  | Pilgrim’s Food Masters |  | Total Estimated Amount Expected to be Incurred
| (In thousands)
Contract termination | $ | 9,437 |  |  | $ | 833 |  |  | $ | 2,170 |  |  | $ | 12,440 |
Asset impairment | 3,559 |  |  | — |  |  | — |  |  | 3,559 |
Severance | 8,244 |  |  | 6,160 |  |  | 5,303 |  |  | 19,707 |
Employee retention benefits | 1,398 |  |  | 276 |  |  | — |  |  | 1,674 |
Other employee costs | 301 |  |  | 181 |  |  | 121 |  |  | 603 |
Lease termination | 458 |  |  | 642 |  |  | 1,808 |  |  | 2,908 |
Inventory adjustment | 470 |  |  | 615 |  |  | — |  |  | 1,085 |
Other charges (a) | 7,543 |  |  | 1,386 |  |  | 7,110 |  |  | 16,039 |
Total estimated costs, net | $ | 31,410 |  |  | $ | 10,093 |  |  | $ | 16,512 |  |  | $ | 58,015 |
(a)Comprised of other costs directly related to the restructuring initiatives including Moy Park flock depletion, Pilgrim’s Pride Ltd. prepayment balances and maintenance contracts exit costs and Pilgrim’s Pride Ltd. consulting fees. During 2022, the Company recognized the following expenses and paid the following cash related to each restructuring initiative:
| Expenses |  | Cash Outlays
| (In thousands)
Moy Park | $ | 19,325 |  |  | $ | 10,526 |
Pilgrim’s Pride Ltd. | 10,140 |  |  | 2,590 |
Pilgrim’s Food Masters | 1,001 |  |  | 341 |
| $ | 30,466 |  |  | $ | 13,457 |
Schedule of Restructuring Reserve | The following table reconciles liabilities and reserves associated with each restructuring initiative from initiative inception to December 25, 2022. Ending liability balances for employee termination benefits and other charges are reported in the line item Accrued expenses and other current liabilities in our Consolidated Balance Sheets. The ending reserve balance for inventory impairments is reported in the line item Inventories in our Consolidated Balance Sheets.
| Moy Park
| Restructuring charges incurred |  | Cash payments and disposals |  | Currency translation |  | Liability or reserve as of December 25, 2022
| (In thousands)
Employee retention benefits | $ | 9,590 |  |  | $ | (9,452) |  |  | $ | (138) |  |  | $ | — |
Other employee costs | 18 |  |  | (17) |  |  | (1) |  |  | — |
Asset impairment | 3,559 |  |  | (1,053) |  |  | (115) |  |  | 2,391 |
Contract termination | 122 |  |  | — |  |  | — |  |  | 122 |
Inventory adjustments | 5 |  |  | (4) |  |  | — |  |  | 1 |
Other charges | 6,031 |  |  | — |  |  | (6) |  |  | 6,025 |
Total | $ | 19,325 |  |  | $ | (10,526) |  |  | $ | (260) |  |  | $ | 8,539 |
| Pilgrim’s Pride Ltd.
| Restructuring charges incurred |  | Cash payments and disposals |  | Currency translation |  | Liability or reserve as of December 25, 2022
| (In thousands)
Employee retention benefits | $ | 994 |  |  | $ | (984) |  |  | $ | (10) |  |  | $ | — |
Severance | 7,211 |  |  | (1,606) |  |  | (102) |  |  | 5,503 |
Inventory adjustments | 621 |  |  | — |  |  | (6) |  |  | 615 |
Lease termination | 808 |  |  | — |  |  | (8) |  |  | 800 |
Other charges | 506 |  |  | — |  |  | (5) |  |  | 501 |
Total | $ | 10,140 |  |  | $ | (2,590) |  |  | $ | (131) |  |  | $ | 7,419 |
| Pilgrim’s Food Masters
| Restructuring charges incurred |  | Cash payments and disposals |  | Currency translation |  | Liability or reserve as of December 25, 2022
| (In thousands)
Severance | $ | 959 |  |  | $ | (300) |  |  | $ | (20) |  |  | $ | 639 |
Other charges | 42 |  |  | (41) |  |  | (1) |  |  | — |
Total | $ | 1,001 |  |  | $ | (341) |  |  | $ | (21) |  |  | $ | 639 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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