XML 24 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 30, 2013
Mar. 31, 2012
Net sales:    
Products (includes sales to affiliates of $182,535 and $168,348) $ 1,263,273 $ 1,190,822
Service revenues 246,012 244,755
Other 73,011 35,536
Total net sales 1,582,296 1,471,113
Cost of sales and operating expenses:    
Products 1,171,702 1,067,965
Services 224,995 220,517
Other 58,693 28,037
Total cost of sales and operating expenses 1,455,390 1,316,519
Gross income 126,906 154,594
Selling, general and administrative expenses 63,448 61,238
Operating income 63,458 93,356
Other income (expense):    
Interest expense (2,392) (1,707)
Interest income 4,089 2,119
Interest income from affiliates 6,155 5,217
Income (loss) from affiliates (2,850) 9,569
Other investment income, net 2,186 3,459
Foreign currency gains (losses), net (1,145) 3,264
Miscellaneous, net 822 1,349
Total other income, net 6,865 23,270
Earnings before income taxes 70,323 116,626
Income tax expense (12,566) (34,626)
Net earnings 57,757 82,000
Less: Net loss (income) attributable to noncontrolling interests (303) 209
Net earnings attributable to Seaboard 57,454 82,209
Earnings per common share (in dollars per share) $ 47.98 $ 68.00
Other comprehensive income (loss), net of income tax benefit of $2,601 and $813:    
Foreign currency translation adjustment (6,122) 460
Unrealized gain on investments 429 1,484
Unrealized loss on cash flow hedges   (91)
Unrecognized pension cost 1,192 1,077
Other comprehensive income (loss), net of tax (4,501) 2,930
Comprehensive income 53,256 84,930
Less: Comprehensive loss (income) attributable to the noncontrolling interest (297) 153
Comprehensive income attributable to Seaboard $ 52,959 $ 85,083
Average number of shares outstanding (in shares) 1,197,516 1,208,905