CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 26, 2015	Dec. 27, 2014
Current assets:
Cash and cash equivalents	$ 349,074	$ 371,579
Receivables, less allowance of $10,055 in 2015 and $6,672 in 2014	466,443	536,918
Inventories	340,672	359,522
Prepaid expenses	46,137	56,912
Refundable and deferred income taxes	24,526	68,010
Total current assets	1,226,852	1,392,941
Property, plant and equipment, at cost	1,081,056	1,139,569
Less accumulated depreciation and amortization	548,567	533,116
Net property, plant and equipment	532,489	606,453
Goodwill	336,916	385,111
Other intangible assets, net	170,197	202,004
Other assets, less allowance for doubtful receivables of $10,953 in 2015 and $3,250 in 2014	132,974	143,159
Total assets	2,399,428	2,729,668
Current liabilities:
Current installments of long-term debt	1,077	1,181
Notes payable to banks	976	13,952
Accounts payable	179,983	196,565
Accrued employee compensation and benefits	70,354	87,950
Accrued expenses	105,593	88,480
Dividends payable	8,571	9,086
Total current liabilities	366,554	397,214
Deferred income taxes	35,669	71,797
Long-term debt, excluding current installments	763,964	766,654
Defined benefit pension liability	179,323	150,124
Deferred compensation	48,417	47,932
Other noncurrent liabilities	40,290	45,542
Shareholders’ equity:
Preferred stock of $1 par value - Authorized 500,000 shares; none issued	0	0
Common stock of $1 par value - Authorized 75,000,000 shares; issued 27,900,000 issued	27,900	27,900
Retained earnings	1,729,679	1,718,662
Accumulated other comprehensive income (loss)	(267,218)	(134,433)
Cost of treasury stock, common shares of 5,042,775 in 2015 and 3,670,781 in 2014	(571,920)	(410,296)
Total Valmont Industries, Inc. shareholders’ equity	918,441	1,201,833
Noncontrolling interest in consolidated subsidiaries	46,770	48,572
Total shareholders’ equity	965,211	1,250,405
Total liabilities and shareholders’ equity	$ 2,399,428	$ 2,729,668