v3.26.1
Accounting Policies (Tables)
 6 Months Ended
Jun. 27, 2026
Accounting Policies [Abstract]  
Schedule of treasury securities carrying value and fair value
      
   Fair Value as of June 27, 2026
   (thousands of dollars)
   Carrying Value  Fair Value
United States Treasury  $24,997   $24,997 

 

   Fair Value as of December 27, 2025
   (thousands of dollars)
    Carrying Value    Fair Value 
United States Treasury  $24,735   $24,735 
Schedule of certificate of deposits
         
Certificates of Deposits as of June 27, 2026  
(thousands of dollars)  
Maturity Date Range   Interest Rate Range   Carrying Value  
August-December 2026   3.75%-4.30%   $ 9,993  
Schedule of operating results and assets of reportable segment
                    
   13-weeks ended June 27, 2026
   Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)  Elimination of Unconsolidated Affiliate  Corporate and Other of USPB  Consolidated Total of USPB
Net sales  $3,748,080   $(3,748,080)  $–   $– 
Cost of sales   (3,714,652)   3,714,652    –    – 
Selling, general and administrative expenses   (14,179)   14,179    (656)   (656)
Depreciation and amortization   (45,050)   45,050    (4)   (4)
Interest income   5    (5)   238    238 
Interest expense   (9,780)   9,780    –    – 
Other, net   –    –    649    649 
Income tax expense/(refund)   (257)   257    –    – 
Net (loss)/income in National Beef   (35,318)   35,318    227    227 
Equity in loss of National Beef   (5,474)             (5,474)
Net loss of USPB                 $(5,247)
                     
Total assets  $2,265,105   $(2,265,105)  $206,466   $206,466 
Total liabilities  $(1,189,632)  $1,189,632   $(8,613)  $(8,613)
Capital Expenditures for segment assets  $(26,816)  $26,816   $–   $– 

 

(1) Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.

                     
   26-weeks ended June 27, 2026
   Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)  Elimination of Unconsolidated Affiliate  Corporate and Other of USPB  Consolidated Total of USPB
Net sales  $7,239,258   $(7,239,258)  $–   $– 
Cost of sales   (7,187,919)   7,187,919    –    – 
Selling, general and administrative expenses   (22,293)   22,293    (1,490)   (1,490)
Depreciation and amortization   (88,958)   88,958    (7)   (7)
Interest income   74    (74)   546    546 
Interest expense   (19,257)   19,257    –    – 
Other, net   –    –    831    831 
Income tax expense/(refund)   (683)   683    –    – 
Net (loss)/income in National Beef   (78,411)   78,411    (120)   (120)
Equity in loss of National Beef   (12,120)             (12,120)
Net loss of USPB                 $(12,240)
                     
Total assets  $2,265,105   $(2,265,105)  $206,466   $206,466 
Total liabilities  $(1,189,632)  $1,189,632   $(8,613)  $(8,613)
Capital expenditures for segment assets  $(45,820)  $45,820   $–   $– 

 

(1) Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.

 

                     
   13-weeks ended June 28, 2025
   Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)  Elimination of Unconsolidated Affiliate  Corporate and Other of USPB  Consolidated Total of USPB
Net sales  $3,263,256   $(3,263,256)  $–   $– 
Cost of sales   (3,216,822)   3,216,822    –    – 
Selling, general and administrative expenses   (25,501)   25,501    (811)   (811)
Depreciation and amortization   (42,707)   42,707    (3)   (3)
Interest income   7    (7)   630    630 
Interest expense   (12,855)   12,855    –    – 
Other, net   –    –    732    732 
Income tax refund/(refund)   (522)   522    –    – 
Net (loss)/income in National Beef   (34,100)   34,100    548    548 
Equity in net loss of National Beef   (5,290)             (5,290)
Net loss of USPB                 $(4,742)
                     
Total assets  $2,327,690   $(2,327,690)  $224,665   $224,665 
Total liabilities  $(1,347,645)  $1,347,645   $(10,076)  $(10,076)
Capital expenditures for segment assets  $(20,680)  $20,680   $–   $– 

 

(1) Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.

                     
   26-weeks ended June 28, 2025
   Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)  Elimination of Unconsolidated Affiliate  Corporate and Other of USPB  Consolidated Total of USPB
Net sales  $6,529,485   $(6,529,485)  $–   $– 
Cost of sales   (6,466,796)   6,466,796    –    – 
Selling, general and administrative expenses   (56,139)   56,139    (1,770)   (1,770)
Depreciation and amortization   (84,399)   84,399    (7)   (7)
Interest income   18    (18)   1,237    1,237 
Interest expense   (24,396)   24,396    –    – 
Other, net   –    –    767    767 
Income tax refund/(refund)   (1,041)   1,041    –    – 
Net (loss)/income in National Beef   (101,186)   101,186    227    227 
Equity in loss of National Beef   (15,553)             (15,553)
Net loss of USPB                 $(15,326)
                     
Total assets  $2,327,690   $(2,327,690)  $224,665   $224,665 
Total liabilities  $(1,347,645)  $1,347,645   $(10,076)  $(10,076)
Capital expenditures for segment assets  $(33,421)  $33,421   $–   $– 

 

(1) Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.