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EARNINGS PER SHARE
 9 Months Ended
Sep. 24, 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 September 24, 2016:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
28,173

 
$
—

 
$
28,173

Shares outstanding (000 omitted)
22,505

 
154

 
22,659

Per share amount
$
1.25

 
$
(0.01
)
 
$
1.24

Thirteen weeks ended September 26, 2015:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
12,066

 
$
—

 
$
12,066

Shares outstanding (000 omitted)
23,057

 
113

 
23,170

Per share amount
$
0.52

 
$
—

 
$
0.52

Thirty-nine weeks ended September 24, 2016:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
103,168

 
$
—

 
$
103,168

Shares outstanding (000 omitted)
22,602

 
139

 
22,741

Per share amount
$
4.56

 
$
(0.02
)
 
$
4.54

Thirty-nine weeks ended September 26, 2015:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
70,678

 
$
—

 
$
70,678

Shares outstanding (000 omitted)
23,420

 
114

 
23,534

Per share amount
$
3.02

 
$
(0.02
)
 
$
3.00


Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share may not equal the total for the year primarily due to the share buyback program.
At September 24, 2016 and September 26, 2015, there were 378,566 and 433,401 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.