Pilgrim's Pride To Acquire Organic Chicken Line In $350 Mln Deal | Reuters
Actuarial loss (gain). If such earnings were not considered indefinitely reinvested, certain deferred foreign and U. income taxes would be provided. Finished poultry products, feed, eggs and other inventories are stated at the lower of cost (average) or market.
A Pilgrim's representative could not immediately be reached for comment. Our employee accountability has further increased as we have de-layered the organization through our recent restructuring and cost improvement initiatives. As of December 31, 2017, approximately $1. Shipping and Handling Costs.
85 Mexican pesos to 1 U. dollar, respectively. These restrictions may have a material adverse effect on Moy Park's ability to make these payments and distributions in the future. Gold n plump grain prices. 0% for the year ended December 31, 2017. The EPA, Mexican, U. and European environmental authorities and/or other U. or Mexican state and local authorities may, from time to time, adopt revisions to environmental rules and regulations, and/or changes in the terms and conditions of our environmental permits, with which we must comply. Evaluate and test updated or newly implemented internal controls surrounding adoption of the new standard.
With respect to our environmental remediation obligations, the accrual for environmental remediation liabilities is measured on an undiscounted basis. While we believe we have identified and discussed below all risk factors affecting our business that we believe are material, there may be additional risks and uncertainties that are not presently known or that are not currently believed to be significant that may adversely affect our business, operations, industry, financial position and financial performance in the future. Cost of sales related to the existing U. operations increased due to $88. Gold n plump corn prices. 2 million and a business interruption claim totaling $8. We take precautions designed to ensure that our flocks are healthy and that our processing plants and other facilities operate in a sanitary and environmentally-sound manner.
Furthermore, the termination of the Leniency Agreement may cause the termination of certain stabilization agreements entered into by JBS S. and certain of its subsidiaries, which would permit the lenders of the debt that is the subject to the terms of the stabilization agreements to accelerate their debt, which could have a material adverse effect on JBS S. and its subsidiaries (including the Company). Fixed-rate senior notes payable at 6. Carton Healthy Savings! Gold n plump chicken. During 2017, the Company recognized the following costs and incurred the following cash outlays related to this restructuring initiative: Expenses.
The GK Pension Plan, the Retiree Life Plan, and the Union Pension Plan met this threshold in 2017 and 2016. Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (ยง232. Package 2$ 400 Florida's Natural Orange Juice 59 Oz. With all of the Company's and its guarantor subsidiary's other unsubordinated indebtedness. 8 million and there were no outstanding borrowings. They do not reflect limitations on or costs related to transferring earnings from our subsidiaries to us.
Long-term debt is presented at face value and excludes $44. 2017: Fourth Quarter. Estimates used in determining the allowance for doubtful accounts are based on historical collection experience, current trends, aging of accounts receivable, and periodic credit evaluations of our customers' financial condition. 0 million and an extension of the expiration to February 9, 2017. It's this attention to detail and commitment to quality that gives Molter's Pork its taste, tenderness, and juiciness.
These increased cost and withholding tax provisions continue for the entire term of the applicable transaction, and there is no limitation on the maximum additional amounts the Company could be obligated to pay under such provisions. Report of Independent Registered Public Accounting Firm. Profitability in the chicken industry is materially affected by the commodity prices of feed ingredients and market prices of chicken, which are determined by supply and demand factors. Our Standards: The Thomson Reuters Trust Principles. The amounts in accumulated other comprehensive income (loss) that were not recognized as components of net periodic benefits cost and the changes in those amounts are as follows: Net actuarial loss (gain), beginning of year. The decrease in income tax expense in 2016 resulted primarily from a decrease in income. Mismatches between the changes in value of the hedged item and hedging instrument may still occur but they will no longer be separately reported. The Company is subject to lawsuits, investigations and other claims related to employment, environmental, product and other matters. Domestic production activity.
A material liability associated with these types of opportunities, or our failure to successfully integrate any acquired entities into our business, could adversely affect our reputation and have a material adverse effect on us. 25% on the projected benefit obligation for other benefits is less than $1, 000. Ending liability or reserve. 3% market share, based on ready-to-cook production in 2017, according to WATTPoultryUSA magazine. Our value-added export and other chicken products, with the exception of our exported prepared chicken products, consist of whole chickens and chicken parts sold in bulk, or value-added form, either refrigerated or frozen. In the foodservice market, competition is based on consistent quality, product development, service and price.
The Company performed a valuation of the assets and liabilities of GNP as of January 6, 2017. All of our fresh cut-beef, pork, and chicken are all-natural with no added hormones or artificial ingredients. The Company sponsors one defined benefit postretirement life insurance plan named the Gold Kist Inc. Retiree Life Insurance Plan (the "Retiree Life Plan"). 75 per share, to stockholders of record on May 10, 2016. Credit Facility, along with cash on hand, to fund the special cash dividend. The Company has an agreement with JBS USA to allocate costs associated with JBS USA's procurement of SAP licenses and maintenance services for both companies.