U. S. Premium Beef (USPB) 10-Q 8 Nov 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 28, 2013	Oct. 26, 2013	Oct. 26, 2013
		Common Class A [Member]	Common Class B [Member]
Document Information [Line Items]	'	'	'
Entity Registrant Name	'U. S. Premium Beef, LLC	'	'
Entity Central Index Key	'0001289237	'	'
Current Fiscal Year End Date	'--12-29	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	735,385	755,385
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	28-Sep-13	'	'
Document Fiscal Period Focus	'Q3	'	'
Document Fiscal Year Focus	'2013	'	'

Balance_Sheets

Balance Sheets (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$60,680	$62,683
Due from affiliates	1,438	657
Other receivables	3	78
Restricted cash	36,943	0
Total current assets	99,064	63,418
Property, plant, and equipment, at cost	250	250
Less accumulated depreciation	243	238
Net property, plant, and equipment	7	12
Investment in National Beef Packing Company, LLC	170,622	165,401
Restricted cash	0	36,943
Other assets	339	1,664
Total assets	270,032	267,438
Liabilities and Capital Shares and Equities	'	'
Accounts payable - trade	31	42
Due to affiliates	11	446
Accrued compensation and benefits	2,633	4,654
Other accrued expenses and liabilities	60	197
Patronage notices payable in cash	90	115
Distributions Payable	223	172
Total current liabilities	3,048	5,626
Long-term liabilities:	'	'
Accrued compensation and benefits	6,173	7,266
Total liabilities	9,221	12,892
Capital shares and equities:	'	'
Members' capital, 735,385 Class A units and 755,385 Class B units authorized, issued and outstanding	260,811	254,546
Total liabilities and capital shares and equities	$270,032	$267,438

Balance_Sheets_Parentheticals

Balance Sheets [Parentheticals]	Sep. 28, 2013	Dec. 29, 2012
Class A units	'	'
Members capital, units authorized	735,385	735,385
Members capital, units issued	735,385	735,385
Members capital, units outstanding	735,385	735,385
Class B Units	'	'
Members capital, units authorized	755,385	755,385
Members capital, units issued	755,385	755,385
Members capital, units outstanding	755,385	755,385

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Net sales	$0	$0	$0	$0
Costs and expenses:	'	'	'	'
Cost of sales	0	0	0	0
Selling, general, and administrative expenses	719	1,117	3,077	4,570
Depreciation and amortization	1	2	5	5
Total costs and expenses	720	1,119	3,082	4,575
Operating loss	-720	-1,119	-3,082	-4,575
Other income (expense):	'	'	'	'
Interest income	10	10	30	45
Interest expense	-19	-19	-57	-49
Equity interest in net income of National Beef Packing Company, LLC	7,255	6,285	8,230	10,613
Other, net	6	0	282	-107
Income before taxes	6,532	5,157	5,403	5,927
Income tax expense	0	0	0	0
Net income	$6,532	$5,157	$5,403	$5,927
Basic	'	'	'	'
Class A units (in dollars per unit)	0.89	0.7	0.73	0.81
Class B units (in dollars per unit)	7.78	6.14	6.44	7.06
Diluted	'	'	'	'
Class A units (in dollars per unit)	0.88	0.69	0.73	0.79
Class B units (in dollars per unit)	7.78	6.14	6.44	7.06
Basic	'	'	'	'
Class A units (in units)	735,385	735,385	735,385	735,385
Class B units (in units)	755,385	755,385	755,385	755,385
Diluted	'	'	'	'
Class A units (in units)	744,452	747,646	744,192	747,995
Class B units (in units)	755,385	755,385	755,385	755,385

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012
Cash flows from operating activities:	'	'
Net income	$5,403	$5,927
Adjustments to reconcile net (loss) income to net cash provided by operating activities:	'	'
Depreciation and amortization	5	5
Equity in earnings of National Beef Packing Company, LLC	-8,230	-10,613
Distribution from National Beef Packing Company, LLC	4,517	8,906
Changes in assets and liabilities:	'	'
Due from affiliates	58	2,282
Other receivables	75	-388
Other assets	1,324	51
Accounts payable	-11	-27
Due to affiliates	-435	2
Accrued compensation and benefits	-3,114	-284
Other accrued expenses and liabilities	-137	-875
Net cash (used in) provided by operating activities	-545	4,986
Cash flows from investing activities:	'	'
Additional minority interest acquired in National Beef Packing Company, LLC	-1,507	0
Capital expenditures, including interest capitalized	0	-3
Net cash used in investing activities	-1,507	-3
Cash flows from financing activities:	'	'
Payments of patronage notices	0	-21,868
Change in overdraft balances	26	-20,031
Prior year excess distribution	23	0
Member distributions	0	-541,211
Net cash provided by (used in) financing activities	49	-583,110
Effect of exchange rate changes on cash	0	0
Net decrease in cash	-2,003	-578,127
Cash and cash equivalents at beginning of the period	62,683	642,670
Cash and cash equivalents at end of the period	$60,680	$64,543

Interim_Financial_Statements

Interim Financial Statements	9 Months Ended
	Sep. 28, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Interim Financial Statements	'
	(1) Interim Financial Statements
	Basis of Presentation
	The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP), for interim financial information; therefore, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included using management’s best estimates and judgments where appropriate.  These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements.  The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period.  Actual results could differ materially from these estimates and judgments.  For further information, refer to the audited Consolidated Financial Statements and Notes to Consolidated Financial Statements, which are included in the Company’s Annual Report on Form 10-K on file with the Securities and Exchange Commission, for the fiscal year ended December 29, 2012.  The results of operations for the interim periods presented are not necessarily indicative of the results for a full fiscal year.
	As a result of the transaction with Leucadia National Corporation (Leucadia) on December 30, 2011 in which Leucadia purchased 56.2415% of the membership interests in National Beef Packing Company, LLC (NBP) from the Company, the Company’s financial statements are no longer consolidated with NBP.  USPB’s remaining 15.0729% investment in NBP is accounted for using the equity method of accounting as the Company has the ability to exercise significant influence, but does not have financial or operational control.
	Historically, the Company’s fiscal year consisted of a 52 or 53 week period, which ended on the last Saturday in August.  With the closing of the transaction with Leucadia, the Company’s fiscal year-end changed from the last Saturday in August to the last Saturday in December.
	On July 22, 2013, USPB contributed $1.5 million in additional capital to NBP to purchase 69 NBP units.  The capital contribution will be used by NBP for purposes of funding its operations and providing flexibility in complying with various financial covenants contained in its credit agreements.
	Certain expenses related to compensation payments made to the former CEO, pursuant to his employment agreement, in the 2012 Statements of Operations have been reclassified from interest expense to selling, general and administrative expenses, to conform to the 2013 presentation.

Members_Capital

Members' Capital	9 Months Ended
	Sep. 28, 2013
Members Capital [Abstract]	'
Membersb Capital	'
	(2) Members’ Capital
	The following table represents a reconciliation of Members’ Capital for the thirty-nine week period ended September 28, 2013 (thousands of dollars).
	Balance at December 29, 2012	$	254,546
	Allocation of net income for the thirty-nine week period ended September 28, 2013		5,403
	Prior year excess distribution		862
	Balance at September 28, 2013	$	260,811
	For tax year 2012, USPB’s Board of Directors authorized the Company to make quarterly tax distributions to its unitholders to assist those that make quarterly estimated tax payments.  USPB made one such distribution in April 2012, which was based on a conservative estimate of taxable income for the first quarter.  The estimate for the quarter was ultimately higher than actual taxable income for the full year, which caused the Company to be over-distributed.  USPB’s Board of Director’s directed management to offset future tax distributions by the amount of the over-distribution.  The over-distribution also resulted in a violation of the terms of the Company’s Master Loan Agreement with CoBank.  The Company informed CoBank of the over-distribution and CoBank waived the violation.  The over-distribution is reflected as a receivable in Due From Affiliates on the Company’s Balance Sheets.

Income_Attributable_to_USPB_Pe

Income Attributable to USPB Per Unit	9 Months Ended
	Sep. 28, 2013
Earnings Per Unit [Abstract]	'
Income (Loss) Attributable to USPB Per Unit	'
	(3) Income Attributable to USPB Per Unit
	Under the LLC structure, earnings of the Company are to be distributed to unitholders based on their proportionate share of underlying equity, and, as a result, income attributable to USPB per unit (EPU) has been presented in the accompanying Statements of Operations and in the table that follows.
	Basic EPU excludes dilution and is computed by first allocating a portion of net income attributable to USPB to Class A units and the remainder is allocated to Class B units.  For the thirteen week and thirty-nine week periods ended September 28, 2013 and September 29, 2012, income was allocated 10% to the Class A’s and 90% to the Class B’s.  Income allocated to the Class A and Class B units is then divided by the weighted-average number of Class A and Class B units outstanding for the period to determine the basic EPU for each respective class of unit.
	Diluted EPU reflects the potential dilution that could occur if potential Class A unit purchase rights were exercised or contractual appreciation rights were converted into units.   Upon termination of the former CEO’s, Steven Hunt, employment agreement and until eighteen months after the termination of the employment agreement, at the election of Mr. Hunt, or upon mutual agreement of the Board of the Company and Mr. Hunt, Mr. Hunt may purchase up to 20,000 Class A units, or upon agreement of Mr. Hunt and the Board of the Company, Mr. Hunt may convert the contractual unit appreciation rights to up to 20,000 Class A units.  The diluted EPU reflects the circumstances of termination of Mr. Hunt’s employment agreement, and the election of Mr. Hunt or agreement by the Board of the Company and Mr. Hunt for him to purchase or convert contractual rights to the maximum 20,000 Class A units at $55 per unit for the periods as provided in his employment agreement.
	Income Per Unit Calculation
		13 weeks		13 weeks		39 weeks		39 weeks
		ended		ended		ended		ended
	(thousands of dollars, except unit and per unit data)	September		September		September		September
		28, 2013		29, 2012		28, 2013		29, 2012
	Basic income per unit
	Income attributable to USPB available to
	unitholders (numerator)
	Class A	$	653	$	516	$	540	$	592
	Class B	$	5,879	$	4,641	$	4,863	$	5,335
	Weighted average outstanding units (denominator)
	Class A		735,385		735,385		735,385		735,385
	Class B		755,385		755,385		755,385		755,385
	Per unit amount
	Class A	$	0.89	$	0.7	$	0.73	$	0.81
	Class B	$	7.78	$	6.14	$	6.44	$	7.06
	Diluted income per unit:
	Income attributable to USPB available to
	unitholders (numerator)
	Class A	$	653	$	516	$	540	$	592
	Class B	$	5,879	$	4,641	$	4,863	$	5,335
	Weighted average outstanding Class A units		735,385		735,385		735,385		735,385
	Effect of dilutive securities - Class A unit options		9,067		12,261		8,807		12,610
	Units (denominator)		744,452		747,646		744,192		747,995
	Weighted average outstanding Class B units		755,385		755,385		755,385		755,385
	Effect of dilutive securities - Class B unit options		-		-		-		-
	Units (denominator)		755,385		755,385		755,385		755,385
	Per unit amount
	Class A	$	0.88	$	0.69	$	0.73	$	0.79
	Class B	$	7.78	$	6.14	$	6.44	$	7.06

Investment_in_National_Beef_Pa

Investment in National Beef Packing Company, LLC	9 Months Ended
	Sep. 28, 2013
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]	'
Investment in National Beef Packing Company, LLC	'
	(4) Investment in National Beef Packing Company, LLC
	As of December 31, 2011, USPB’s investment in NBP is accounted for using the equity method of accounting as the Company has the ability to exercise significant influence, but does not have financial or operational control.  Below is a summary of the results of operations for NBP for the thirteen and thirty-nine week periods ended September 28, 2013 and September 29, 2012 (thousands of dollars):
		13 weeks		13 weeks		39 weeks		39 weeks
		ended		ended		ended		ended
		September		September		September		September
		28, 2013		29, 2012		28, 2013		29, 2012
	Net sales	$	1,920,747	$	1,909,204	$	5,629,564	$	5,613,374
	Costs and expenses:
	Cost of sales		1,832,908		1,830,129		5,455,755		5,430,675
	Selling, general, and administrative expenses		14,489		13,481		42,386		41,873
	Depreciation and amortization		22,250		20,803		65,838		61,868
	Total costs and expenses		1,869,647		1,864,413		5,563,979		5,534,416
	Operating income		51,100		44,791		65,585		78,958
	Other income (expense):
	Interest income		2		30		9		40
	Interest expense		-2,944		-2,988		-9,428		-9,288
	Other, net		153		126		-1,082		1,589
	Income before taxes		48,311		41,959		55,084		71,299
	Income tax expense		-177		-409		-737		-1,145
	Net income		48,134		41,550		54,347		70,154
	Less: net income attributable to Kansas City Steak Company, LLC		-		146		255		254
	Net income attributable to NBP	$	48,134	$	41,696	$	54,602	$	70,408
	NBP's net income attributable to USPB	$	7,255	$	6,285	$	8,230	$	10,613

Restricted_Cash

Restricted Cash	9 Months Ended
	Sep. 28, 2013
Restricted Cash [Abstract]	'
Restricted Cash	'
	(5) Restricted Cash
	When the transaction with Leucadia closed on December 30, 2011, approximately $36.9 million of the Company’s proceeds were deposited in an escrow account to satisfy potential indemnification claims from Leucadia.  USPB received 40%, or approximately $14.8 million, in January 2013; however, those funds remain subject to potential indemnification claims that may arise during the second year after the closing of the transaction and are therefore included in Restricted cash on the balance sheet.  If no indemnification claims arise during the second year, the remaining 60% of the funds will be distributed to USPB.  As the Company anticipates receipt of those funds from the escrow agent in January 2014, the full amount has been reclassified from non-current assets to current assets.

Members_Capital_Tables

Members' Capital (Tables)	9 Months Ended
	Sep. 28, 2013
Members Capital [Abstract]	'
Schedule Of Reconciliation Of Members Capital	'
	The following table represents a reconciliation of Members’ Capital for the thirty-nine week period ended September 28, 2013 (thousands of dollars).
	Balance at December 29, 2012	$	254,546
	Allocation of net income for the thirty-nine week period ended September 28, 2013		5,403
	Prior year excess distribution		862
	Balance at September 28, 2013	$	260,811

Income_Attributable_to_USPB_Pe1

Income Attributable to USPB Per Unit (Tables)	3 Months Ended
	Sep. 28, 2013
Earnings Per Unit [Abstract]	'
Schedule of Income (Loss) Per Unit Calculation	'
	Income Per Unit Calculation
		13 weeks		13 weeks		39 weeks		39 weeks
		ended		ended		ended		ended
	(thousands of dollars, except unit and per unit data)	September		September		September		September
		28, 2013		29, 2012		28, 2013		29, 2012
	Basic income per unit
	Income attributable to USPB available to
	unitholders (numerator)
	Class A	$	653	$	516	$	540	$	592
	Class B	$	5,879	$	4,641	$	4,863	$	5,335
	Weighted average outstanding units (denominator)
	Class A		735,385		735,385		735,385		735,385
	Class B		755,385		755,385		755,385		755,385
	Per unit amount
	Class A	$	0.89	$	0.7	$	0.73	$	0.81
	Class B	$	7.78	$	6.14	$	6.44	$	7.06
	Diluted income per unit:
	Income attributable to USPB available to
	unitholders (numerator)
	Class A	$	653	$	516	$	540	$	592
	Class B	$	5,879	$	4,641	$	4,863	$	5,335
	Weighted average outstanding Class A units		735,385		735,385		735,385		735,385
	Effect of dilutive securities - Class A unit options		9,067		12,261		8,807		12,610
	Units (denominator)		744,452		747,646		744,192		747,995
	Weighted average outstanding Class B units		755,385		755,385		755,385		755,385
	Effect of dilutive securities - Class B unit options		-		-		-		-
	Units (denominator)		755,385		755,385		755,385		755,385
	Per unit amount
	Class A	$	0.88	$	0.69	$	0.73	$	0.79
	Class B	$	7.78	$	6.14	$	6.44	$	7.06

Investment_in_National_Beef_Pa1

Investment in National Beef Packing Company, LLC (Tables)	9 Months Ended
	Sep. 28, 2013
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]	'
Schedule of summary of the results of operations for NBP	'
	Below is a summary of the results of operations for NBP for the thirteen and thirty-nine week periods ended September 28, 2013 and September 29, 2012 (thousands of dollars):
		13 weeks		13 weeks		39 weeks		39 weeks
		ended		ended		ended		ended
		September		September		September		September
		28, 2013		29, 2012		28, 2013		29, 2012
	Net sales	$	1,920,747	$	1,909,204	$	5,629,564	$	5,613,374
	Costs and expenses:
	Cost of sales		1,832,908		1,830,129		5,455,755		5,430,675
	Selling, general, and administrative expenses		14,489		13,481		42,386		41,873
	Depreciation and amortization		22,250		20,803		65,838		61,868
	Total costs and expenses		1,869,647		1,864,413		5,563,979		5,534,416
	Operating income		51,100		44,791		65,585		78,958
	Other income (expense):
	Interest income		2		30		9		40
	Interest expense		-2,944		-2,988		-9,428		-9,288
	Other, net		153		126		-1,082		1,589
	Income before taxes		48,311		41,959		55,084		71,299
	Income tax expense		-177		-409		-737		-1,145
	Net income		48,134		41,550		54,347		70,154
	Less: net income attributable to Kansas City Steak Company, LLC		-		146		255		254
	Net income attributable to NBP	$	48,134	$	41,696	$	54,602	$	70,408
	NBP's net income attributable to USPB	$	7,255	$	6,285	$	8,230	$	10,613

Interim_Financial_Statements_D

Interim Financial Statements (Details Textuals) (USD $)	9 Months Ended			1 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Dec. 30, 2011
			USPB	Membership Interest Purchase Agreement
				USPB
Controlling And Noncontrolling Interest [Line Items]	'	'	'	'
Name of acquiree	'	'	'	'National Beef Packing Company, LLC (NBP)
Name of acquirer	'	'	'	'Leucadia National Corporation (Leucadia)
Ownership in NBP sold to Leucadia National Corporation	'	'	'	56.24%
Remaining membership interests in National Beef Packing Company, LLC (NBP)	'	'	'	15.07%
Payments to Acquire Additional Interest in Subsidiaries	$1,507	$0	$1,500	'

Members_Capital_Details

Members' Capital (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Members Capital [Roll Forward]	'	'	'	'
Balance at December 29, 2012	'	'	$254,546	'
Allocation of net income for the thirty-nine week period ended September 28, 2013	6,532	5,157	5,403	5,927
Prior year excess distribution	'	'	23	0
Balance at September 28, 2013	$260,811	'	$260,811	'

Income_Attributable_to_USPB_Pe2

Income Attributable to USPB Per Unit (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Income attributable to USPB available to unitholders (numerator)	'	'	'	'
Class A	$653	$516	$540	$592
Class B	5,879	4,641	4,863	5,335
Weighted average outstanding units (denominator)	'	'	'	'
Class A units (in units)	735,385	735,385	735,385	735,385
Class B units (in units)	755,385	755,385	755,385	755,385
Per unit amount	'	'	'	'
Class A (in dollars per unit)	0.89	0.7	0.73	0.81
Class B (in dollars per unit)	7.78	6.14	6.44	7.06
Income attributable to USPB available to unitholders (numerator)	'	'	'	'
Class A	653	516	540	592
Class B	$5,879	$4,641	$4,863	$5,335
Weighted average outstanding Class A units	735,385	735,385	735,385	735,385
Effect of dilutive securities - Class A unit options	9,067	12,261	8,807	12,610
Units (denominator)	744,452	747,646	744,192	747,995
Weighted average outstanding Class B units	755,385	755,385	755,385	755,385
Effect of dilutive securities - Class B unit options	0	0	0	0
Units (denominator)	755,385	755,385	755,385	755,385
Per unit amount	'	'	'	'
Class A units (in dollars per unit)	0.88	0.69	0.73	0.79
Class B units (in dollars per unit)	7.78	6.14	6.44	7.06

Income_Attributable_to_USPB_Pe3

Income Attributable to USPB Per Unit (Detail Textuals)	3 Months Ended		9 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Percentage of Income allocated to Class A unit holders	10.00%	10.00%	10.00%	10.00%
Percentage of Income allocated to Class B unit holders	90.00%	90.00%	90.00%	90.00%
Description of condition for maximum units authorized to issue and conversion of rights to units	'Upon termination of the former CEO’s, Steven Hunt, employment agreement and until eighteen months after the termination of the employment agreement, at the election of Mr. Hunt, or upon mutual agreement of the Board of the Company and Mr. Hunt, Mr. Hunt may purchase up to 20,000 Class A units, or upon agreement of Mr. Hunt and the Board of the Company, Mr. Hunt may convert the contractual unit appreciation rights to up to 20,000 Class A units.	'	'	'
Number of shares CEO may purchase on termination or eighteen months after termination to Class A unitholders	20,000	'	'	20,000
Number of shares converted into unit appreciation rights to Class A unitholders	20,000	'	'	20,000
Maximum number of shares purchase or converted into contractual rights to Class A unitholders	20,000	'	'	20,000
Per unit price to purchase or convert contractual rights to Class A unitholders (in dollars per unit)	55	'	'	55

Investment_in_National_Beef_Pa2

Investment in National Beef Packing Company, LLC (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Schedule of Investments [Line Items]	'	'	'	'
Net sales	$0	$0	$0	$0
Costs and expenses:	'	'	'	'
Cost of sales	0	0	0	0
Selling, general, and administrative expenses	719	1,117	3,077	4,570
Depreciation and amortization	1	2	5	5
Total costs and expenses	720	1,119	3,082	4,575
Operating income	-720	-1,119	-3,082	-4,575
Other income (expense):	'	'	'	'
Interest income	10	10	30	45
Interest expense	-19	-19	-57	-49
Other, net	6	0	282	-107
Income before taxes	6,532	5,157	5,403	5,927
Income tax expense	0	0	0	0
Net income	6,532	5,157	5,403	5,927
National Beef Packing Company, LLC	'	'	'	'
Schedule of Investments [Line Items]	'	'	'	'
Net sales	1,920,747	1,909,204	5,629,564	5,613,374
Costs and expenses:	'	'	'	'
Cost of sales	1,832,908	1,830,129	5,455,755	5,430,675
Selling, general, and administrative expenses	14,489	13,481	42,386	41,873
Depreciation and amortization	22,250	20,803	65,838	61,868
Total costs and expenses	1,869,647	1,864,413	5,563,979	5,534,416
Operating income	51,100	44,791	65,585	78,958
Other income (expense):	'	'	'	'
Interest income	2	30	9	40
Interest expense	-2,944	-2,988	-9,428	-9,288
Other, net	153	126	-1,082	1,589
Income before taxes	48,311	41,959	55,084	71,299
Income tax expense	-177	-409	-737	-1,145
Net income	48,134	41,550	54,347	70,154
Less: net income attributable to Kansas City Steak Company, LLC	0	146	255	254
Net income attributable to NBP	48,134	41,696	54,602	70,408
NBP's net income attributable to USPB	$7,255	$6,285	$8,230	$10,613

Restricted_Cash_Detail_Textual

Restricted Cash (Detail Textuals) (USD $)	1 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2013	Sep. 28, 2013	Dec. 30, 2011
Amount of proceeds deposited in escrow account related to transaction with Leucadia	'	'	$36.90
Percentage of escrow funds for indemnification claims for first year	40.00%	'	'
Proceeds from escrow deposits	$14.80	'	'
Percentage of escrow funds for indemnification claims for second year	'	60.00%	'
Description of restricted cash	'	'If no indemnification claims arise during the second year, the remaining 60% of the funds will be distributed to USPB.	'