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EARNINGS PER SHARE
 3 Months Ended
Mar. 26, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table provides a reconciliation between Basic and Diluted earnings per share (EPS):
 
Basic EPS
 
Dilutive
Effect of
Stock
Options
 
Diluted EPS
Thirteen weeks ended March 26, 2016:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
32,969

 
$
—

 
$
32,969

Shares outstanding (000 omitted)
22,700

 
116

 
22,816

Per share amount
$
1.45

 
$
—

 
$
1.45

Thirteen weeks ended March 28, 2015:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
30,739

 
$
—

 
$
30,739

Shares outstanding (000 omitted)
23,868

 
114

 
23,982

Per share amount
$
1.29

 
$
(0.01
)
 
$
1.28


At March 26, 2016 and March 28, 2015, there were 403,407 and 452,103 outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share, respectively.