U. S. Premium Beef (USPB) 10-Q 8 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 28, 2014	Jul. 26, 2014	Jul. 26, 2014
		Class A Units [Member]	Class B Units [Member]
Document Information [Line Items]	'	'	'
Entity Registrant Name	'U. S. Premium Beef, LLC	'	'
Entity Central Index Key	'0001289237	'	'
Current Fiscal Year End Date	'--12-27	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	28-Jun-14	'	'
Document Fiscal Period Focus	'Q2	'	'
Document Fiscal Year Focus	'2014	'	'
Entity Common Stock, Shares Outstanding	'	735,835	755,385

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 28, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$91,621	$59,812
Due from affiliates	119	1,488
Other receivables	'	3
Restricted cash	'	36,943
Other current assets	33	385
Total current assets	91,773	98,631
Property, plant, and equipment, at cost	219	250
Less accumulated depreciation	214	244
Net property, plant, and equipment	5	6
Investment in National Beef Packing Company, LLC	152,599	155,928
Other assets	255	323
Total assets	244,632	254,888
Liabilities and Capital Shares and Equities	'	'
Accounts payable - trade	14	25
Due to affiliates	69	8
Accrued compensation and benefits	1,017	3,898
Other accrued expenses and liabilities	50	105
Patronage notices payable	90	90
Distributions payable	2	223
Total current liabilities	1,242	4,349
Long-term liabilities:	'	'
Other liabilities	6,236	6,327
Total liabilities	7,478	10,676
Capital shares and equities:	'	'
Members' capital, 735,385 Class A units and 755,385 Class B units authorized, issued and outstanding	237,154	244,212
Total liabilities and capital shares and equities	$244,632	$254,888

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical)	Jun. 28, 2014	Dec. 28, 2013
Class A units [Member]	'	'
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 [Member]	'	'
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		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Net sales	'	'	'	'
Costs and expenses:	'	'	'	'
Cost of sales	'	'	'	'
Selling, general, and administrative expenses	830	985	1,814	2,358
Depreciation and amortization	'	2	1	4
Total costs and expenses	830	987	1,815	2,362
Operating loss	-830	-987	-1,815	-2,362
Other income (expense):	'	'	'	'
Interest income	12	10	24	20
Interest expense	-11	-18	-24	-38
Equity interest in net income (loss) of National Beef Packing Company, LLC	924	4,037	-3,328	975
Other, net	-2	14	172	276
Income before taxes	93	3,056	-4,971	-1,129
Income tax expense	'	'	'	'
Net income (loss)	$93	$3,056	($4,971)	($1,129)
Class A Units [Member]	'	'	'	'
Income (loss) per unit:	'	'	'	'
Basic	$0.01	$0.42	($0.68)	($0.15)
Diluted	$0.01	$0.41	($0.68)	($0.15)
Outstanding weighted-average units:	'	'	'	'
Basic	735,385	735,385	735,385	735,385
Diluted	735,385	744,296	735,385	735,385
Class B Units [Member]	'	'	'	'
Income (loss) per unit:	'	'	'	'
Basic	$0.11	$3.64	($5.92)	($1.35)
Diluted	$0.11	$3.64	($5.92)	($1.35)
Outstanding weighted-average units:	'	'	'	'
Basic	755,385	755,385	755,385	755,385
Diluted	755,385	755,385	755,385	755,385

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013
Cash flows from operating activities:	'	'
Net loss	($4,971)	($1,129)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:	'	'
Depreciation and amortization	1	4
Equity in net loss (earnings) of National Beef Packing Company, LLC	3,328	-975
Distribution from National Beef Packing Company, LLC	'	680
Changes in assets and liabilities:	'	'
Due from affiliates	551	123
Other receivables	3	34
Other assets	421	1,327
Accounts payable	-11	-13
Due to affiliates	61	-445
Accrued compensation and benefits	-2,972	-2,995
Other accrued expenses and liabilities	-55	-140
Net cash used in operating activities	-3,644	-3,529
Cash flows from investing activities:	'	'
Distribution from National Beef Packing Company, LLC	'	1,334
Release of escrowed funds related to the 2011 transaction with Leucadia	36,943	'
Net cash provided by investing activities	36,943	1,334
Cash flows from financing activities:	'	'
Change in overdraft balances	-221	26
Prior year excess distribution	818	14
Member distributions	-2,087	'
Net cash (used in) provided by financing activities	-1,490	40
Net increase (decrease) in cash	31,809	-2,155
Cash and cash equivalents at beginning of the period	59,812	62,683
Cash and cash equivalents at end of the period	$91,621	$60,528

Interim_Financial_Statements

Interim Financial Statements	6 Months Ended
	Jun. 28, 2014
Interim 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 (SEC), for the fiscal year ended December 28, 2013. 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.
	Certain expenses related to compensation payments made to the former CEO, pursuant to his employment agreement, have been reclassified on the Statement of Operations from interest expense to selling, general and administrative expenses in the thirteen and twenty-six week periods ended June 29, 2013, to conform to the fiscal year 2014 presentation.

Members_Capital

Members' Capital	6 Months Ended
	Jun. 28, 2014
Members' Capital [Abstract]	'
Members' Capital	'
	(2) Members' Capital
	The following table represents a reconciliation of Members' Capital for the twenty-six week period ended June 28, 2014 (thousands of dollars).
	Balance at December 28, 2013	$	244,212
	Allocation of net loss for the twenty-six week period ended June 28, 2014		-4,971
	Member distributions		-2,087
	Balance at June 28, 2014	$	237,154

Income_Attributable_to_USPB_Pe

Income Attributable to USPB Per Unit	6 Months Ended
	Jun. 28, 2014
Income (Loss) Attributable to USPB Per Unit [Abstract]	'
Income (Loss) Attributable to USPB Per Unit	'
	(3) Income (Loss) 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 (loss) attributable to USPB to Class A units and the remainder is allocated to Class B units. For the thirteen week periods ended June 28, 2014 and June 29, 2013, net income was allocated 10% to the Class A's and 90% to the Class B's. For the twenty- six week periods ended June 28, 2014 and June 29, 2013, net loss was allocated 10% to the Class A's and 90% to the Class B's. The net income (loss) 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 employment agreement and until eighteen months after the termination of the employment agreement, at the election of Mr. Steven Hunt, or upon mutual agreement of the Board of the Company and Mr. Hunt, Mr. Hunt was eligible to purchase up to 20,000 Class A units, or upon agreement of Mr. Hunt and the Board of the Company, Mr. Hunt could have converted 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.
	On April 2, 2014, Mr. Hunt gave notice of his election to receive the appreciation right payment for the 20,000 Class A phantoms provided for in his employment agreement. On April 10, 2014, Mr. Hunt was paid approximately $2.2 million for the Class A phantom appreciation right payment. In the table below, as a result of that payment, the diluted income per Class A unit calculation for the thirteen week period ended June 28, 2014 does not reflect any dilution. The diluted income per Class A unit calculation for the thirteen week period ended June 29, 2013 includes the effect of the 20,000 Class A unit purchase rights noted above. The diluted loss per Class A unit calculations for the twenty-six week periods ended June 28, 2014 and June 29, 2013 excludes the effect of the 20,000 Class A unit purchase rights noted above as the effect of including them would have been anti-dilutive to the loss per Class A unit calculation.
	Income (Loss) Per Unit Calculation
		13 weeks ended		13 weeks ended		26 weeks ended		26 weeks ended
	(thousands of dollars, except unit and per unit data)	28-Jun-14		29-Jun-13		28-Jun-14		29-Jun-13
	Basic income (loss) per unit
	Income (loss) attributable to USPB available to
	unitholders (numerator)
	Class A	$	9	$	306	$	-497	$	-113
	Class B	$	84	$	2,749	$	-4,474	$	-1,016
	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	$	0.01	$	0.42	$	-0.68	$	-0.15
	Class B	$	0.11	$	3.64	$	-5.92	$	-1.35
	Diluted income (loss) per unit:
	Income (loss) attributable to USPB available to
	unitholders (numerator)
	Class A	$	9	$	306	$	-497	$	-113
	Class B	$	84	$	2,749	$	-4,474	$	-1,016
	Weighted average outstanding Class A units		735,385		735,385		735,385		735,385
	Effect of dilutive securities - Class A unit options		-		8,911		-		-
	Units (denominator)		735,385		744,296		735,385		735,385
	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	$	0.01	$	0.41	$	-0.68	$	-0.15
	Class B	$	0.11	$	3.64	$	-5.92	$	-1.35

Investment_in_National_Beef_Pa

Investment in National Beef Packing Company, LLC	6 Months Ended
	Jun. 28, 2014
Investment in National Beef Packing Company, LLC [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 twenty-six week periods ended June 28, 2014 and June 29, 2013 (thousands of dollars):
		13 weeks ended		13 weeks ended		26 weeks ended		26 weeks ended
		28-Jun-14		29-Jun-13		28-Jun-14		29-Jun-13
	Net sales	$	2,003,612	$	1,920,005	$	3,889,366	$	3,708,817
	Costs and expenses:
	Cost of sales		1,958,685		1,853,725		3,833,648		3,622,847
	Selling, general, and administrative expenses		14,892		13,770		28,910		27,897
	Depreciation and amortization		21,195		21,855		41,955		43,588
	Total costs and expenses		1,994,772		1,889,350		3,904,513		3,694,332
	Operating income (loss)		8,840		30,655		-15,147		14,485
	Other income (expense):
	Interest income		2		2		5		6
	Interest expense		-3,966		-3,233		-7,220		-6,484
	Other, net		1,642		-138		868		-1,235
	Income (loss) before taxes		6,518		27,286		-21,494		6,772
	Income tax expense		-390		-505		-587		-560
	Net income (loss)		6,128		26,781		-22,081		6,212
	Less: net loss attributable to Kansas City Steak
	Company, LLC		-		-		-		255
	Net income (loss) attributable to NBP	$	6,128	$	26,781	$	-22,081	$	6,467
	NBP's net income (loss) attributable to USPB
		$	924	$	4,037	$	-3,328	$	975

Restricted_Cash

Restricted Cash	6 Months Ended
	Jun. 28, 2014
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. No indemnification claims were received and, as a result, USPB received 40%, or approximately $14.8 million, in January 2013, and the remaining 60% in January 2014. As of January 2014, the $36.9 million is included in Cash and cash equivalents on the balance sheet.

Immaterial_Prior_Period_Revisi

Immaterial Prior Period Revision	6 Months Ended
	Jun. 28, 2014
Immaterial Prior Period Revision [Abstract]	'
Accounting Changes and Error Corrections [Text Block]	'
	(6) Immaterial Prior Period Revision
	The Company made a revision to the manner in which a portion of the 2013 distribution from NBP was reflected in the Cash flows from investing activities and Cash flows from financing activities sections of the statement of cash flows for the 26 weeks ended June 29, 2013. The Company assessed the materiality of this item in accordance with the SEC's guidance in Staff Accounting Bulletin 99 and concluded that the revision was not material to any period. This immaterial revision is reflected in the statement of cash flows for the 26 weeks ended June 29, 2013, as summarized below.
		26 weeks ended June 29, 2013
		Original		Revision		Revised
	Cash flows from investing activities:	(unaudited)		(unaudited)		(unaudited)
	Distribution from National Beef Packing Company, LLC	-		1,334	1,334
	Net cash provided by investing activities	-		1,334		1,334
	Cash flows from financing activities:
	Distribution from National Beef Packing Company, LLC	1,334	-1,334		-
	Change in overdraft balances	26	-		26
	Prior year excess distribution	14		-	14
	Net cash provided by financing activities	1,374		-1,334		40

Members_Capital_Tables

Members' Capital (Tables)	6 Months Ended
	Jun. 28, 2014
Members' Capital [Abstract]	'
Reconciliation of Members' Capital	'
	Balance at December 28, 2013	$	244,212
	Allocation of net loss for the twenty-six week period ended June 28, 2014		-4,971
	Member distributions		-2,087
	Balance at June 28, 2014	$	237,154

Income_Attributable_to_USPB_Pe1

Income Attributable to USPB Per Unit (Tables)	6 Months Ended
	Jun. 28, 2014
Income (Loss) Attributable to USPB Per Unit [Abstract]	'
Schedule of Income (Loss) Per Unit Calculation	'
	Income (Loss) Per Unit Calculation
		13 weeks ended		13 weeks ended		26 weeks ended		26 weeks ended
	(thousands of dollars, except unit and per unit data)	28-Jun-14		29-Jun-13		28-Jun-14		29-Jun-13
	Basic income (loss) per unit
	Income (loss) attributable to USPB available to
	unitholders (numerator)
	Class A	$	9	$	306	$	-497	$	-113
	Class B	$	84	$	2,749	$	-4,474	$	-1,016
	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	$	0.01	$	0.42	$	-0.68	$	-0.15
	Class B	$	0.11	$	3.64	$	-5.92	$	-1.35
	Diluted income (loss) per unit:
	Income (loss) attributable to USPB available to
	unitholders (numerator)
	Class A	$	9	$	306	$	-497	$	-113
	Class B	$	84	$	2,749	$	-4,474	$	-1,016
	Weighted average outstanding Class A units		735,385		735,385		735,385		735,385
	Effect of dilutive securities - Class A unit options		-		8,911		-		-
	Units (denominator)		735,385		744,296		735,385		735,385
	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	$	0.01	$	0.41	$	-0.68	$	-0.15
	Class B	$	0.11	$	3.64	$	-5.92	$	-1.35

Investment_in_National_Beef_Pa1

Investment in National Beef Packing Company, LLC (Tables)	6 Months Ended
	Jun. 28, 2014
Investment in National Beef Packing Company, LLC [Abstract]	'
Summary of Operations for NBP	'
		13 weeks ended		13 weeks ended		26 weeks ended		26 weeks ended
		28-Jun-14		29-Jun-13		28-Jun-14		29-Jun-13
	Net sales	$	2,003,612	$	1,920,005	$	3,889,366	$	3,708,817
	Costs and expenses:
	Cost of sales		1,958,685		1,853,725		3,833,648		3,622,847
	Selling, general, and administrative expenses		14,892		13,770		28,910		27,897
	Depreciation and amortization		21,195		21,855		41,955		43,588
	Total costs and expenses		1,994,772		1,889,350		3,904,513		3,694,332
	Operating income (loss)		8,840		30,655		-15,147		14,485
	Other income (expense):
	Interest income		2		2		5		6
	Interest expense		-3,966		-3,233		-7,220		-6,484
	Other, net		1,642		-138		868		-1,235
	Income (loss) before taxes		6,518		27,286		-21,494		6,772
	Income tax expense		-390		-505		-587		-560
	Net income (loss)		6,128		26,781		-22,081		6,212
	Less: net loss attributable to Kansas City Steak
	Company, LLC		-		-		-		255
	Net income (loss) attributable to NBP	$	6,128	$	26,781	$	-22,081	$	6,467
	NBP's net income (loss) attributable to USPB
		$	924	$	4,037	$	-3,328	$	975

Immaterial_Prior_Period_Revisi1

Immaterial Prior Period Revision (Tables)	6 Months Ended
	Jun. 28, 2014
Immaterial Prior Period Revision [Abstract]	'
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	'
		26 weeks ended June 29, 2013
		Original		Revision		Revised
	Cash flows from investing activities:	(unaudited)		(unaudited)		(unaudited)
	Distribution from National Beef Packing Company, LLC	-		1,334	1,334
	Net cash provided by investing activities	-		1,334		1,334
	Cash flows from financing activities:
	Distribution from National Beef Packing Company, LLC	1,334	-1,334		-
	Change in overdraft balances	26	-		26
	Prior year excess distribution	14		-	14
	Net cash provided by financing activities	1,374		-1,334		40

Members_Capital_Details

Members' Capital (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014
Members' Capital [Abstract]	'
Beginning balance	$244,212
Allocation of net income (loss)	-4,971
Member distributions	-2,087
Ending balance	$237,154

Income_Attributable_to_USPB_Pe2

Income Attributable to USPB Per Unit (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Phantom Share Units (PSUs) [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities	'	20,000	'	'
Conversion price per unit	'	$55	'	'
Payment for phantom appreciation rights	'	$2.20	'	'
Class A Units [Member]	'	'	'	'
Class of Stock [Line Items]	'	'	'	'
Ownership percentage	10.00%	10.00%	10.00%	10.00%
Class B Units [Member]	'	'	'	'
Class of Stock [Line Items]	'	'	'	'
Ownership percentage	90.00%	90.00%	90.00%	90.00%

Income_Attributable_to_USPB_Pe3

Income Attributable to USPB Per Unit (Schedule of Earnings Per Unit) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Basic income (loss) per unit	'	'	'	'
Income (loss) attributable to USPB available to unitholders (numerator)	'	'	($4,971)	'
Diluted income (loss) per unit:	'	'	'	'
Income (loss) attributable to USPB available to unitholders (numerator)	'	'	-4,971	'
Class A [Member]	'	'	'	'
Basic income (loss) per unit	'	'	'	'
Income (loss) attributable to USPB available to unitholders (numerator)	9	306	-497	-113
Weighted average outstanding units (denominator)	735,385	735,385	735,385	735,385
Per unit amount	$0.01	$0.42	($0.68)	($0.15)
Diluted income (loss) per unit:	'	'	'	'
Income (loss) attributable to USPB available to unitholders (numerator)	9	306	-497	-113
Weighted average outstanding	'	'	'	'
Basic	735,385	735,385	735,385	735,385
Effect of dilutive securities	'	8,911	'	'
Weighted average outstanding units (denominator)	735,385	744,296	735,385	735,385
Per unit amount	$0.01	$0.41	($0.68)	($0.15)
Class B [Member]	'	'	'	'
Basic income (loss) per unit	'	'	'	'
Income (loss) attributable to USPB available to unitholders (numerator)	84	2,749	-4,474	-1,016
Weighted average outstanding units (denominator)	755,385	755,385	755,385	755,385
Per unit amount	$0.11	$3.64	($5.92)	($1.35)
Diluted income (loss) per unit:	'	'	'	'
Income (loss) attributable to USPB available to unitholders (numerator)	$84	$2,749	($4,474)	($1,016)
Weighted average outstanding	'	'	'	'
Basic	755,385	755,385	755,385	755,385
Effect of dilutive securities	'	'	'	'
Weighted average outstanding units (denominator)	755,385	755,385	755,385	755,385
Per unit amount	$0.11	$3.64	($5.92)	($1.35)

Investment_in_National_Beef_Pa2

Investment in National Beef Packing Company, LLC (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Schedule of Investments [Line Items]	'	'	'	'
Net sales	'	'	'	'
Costs and expenses:	'	'	'	'
Cost of sales	'	'	'	'
Selling, general, and administrative expenses	830	985	1,814	2,358
Depreciation and amortization	'	2	1	4
Total costs and expenses	830	987	1,815	2,362
Operating income	-830	-987	-1,815	-2,362
Other income (expense):	'	'	'	'
Interest income	12	10	24	20
Interest expense	-11	-18	-24	-38
Other, net	-2	14	172	276
Income before taxes	93	3,056	-4,971	-1,129
Income tax expense	'	'	'	'
Net income (loss)	93	3,056	-4,971	-1,129
NBP's net income (loss) attributable to USPB	924	4,037	-3,328	975
National Beef Packing Company, LLC [Member]	'	'	'	'
Schedule of Investments [Line Items]	'	'	'	'
Net sales	2,003,612	1,920,005	3,889,366	3,708,817
Costs and expenses:	'	'	'	'
Cost of sales	1,958,685	1,853,725	3,833,648	3,622,847
Selling, general, and administrative expenses	14,892	13,770	28,910	27,897
Depreciation and amortization	21,195	21,855	41,955	43,588
Total costs and expenses	1,994,772	1,889,350	3,904,513	3,694,332
Operating income	8,840	30,655	-15,147	14,485
Other income (expense):	'	'	'	'
Interest income	2	2	5	6
Interest expense	-3,966	-3,233	-7,220	-6,484
Other, net	1,642	-138	868	-1,235
Income before taxes	6,518	27,286	-21,494	6,772
Income tax expense	-390	-505	-587	-560
Net income	6,128	26,781	-22,081	6,212
Less: net loss attributable to Kansas City Steak Company, LLC	'	'	'	255
Net income (loss)	$6,128	$26,781	($22,081)	$6,467

Restricted_Cash_Details

Restricted Cash (Details) (USD $)	6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Dec. 30, 2011
Restricted Cash [Abstract]	'	'	'
Amount of proceeds deposited in escrow account related to transaction with Leucadia	'	'	$36,900,000
Release from escrow account	'	14,800,000	'
Proceeds received from escrow account	$36,943,000	'	'

Immaterial_Prior_Period_Revisi2

Immaterial Prior Period Revision (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013
Distribution from National Beef Packing Company, LLC	'	$1,334
Net cash provided by investing activities	36,943	1,334
Distribution from National Beef Packing Company, LLC	'	'
Change in overdraft balances	-221	26
Prior year excess distribution	818	14
Net cash (used in) provided by financing activities	-1,490	40
Original [Member]	'	'
Distribution from National Beef Packing Company, LLC	'	'
Net cash provided by investing activities	'	'
Distribution from National Beef Packing Company, LLC	'	1,334
Change in overdraft balances	'	26
Prior year excess distribution	'	14
Net cash (used in) provided by financing activities	'	1,374
Revision [Member]	'	'
Distribution from National Beef Packing Company, LLC	'	1,334
Net cash provided by investing activities	'	1,334
Distribution from National Beef Packing Company, LLC	'	-1,334
Change in overdraft balances	'	'
Prior year excess distribution	'	'
Net cash (used in) provided by financing activities	'	($1,334)