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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 24, 2016
Sep. 26, 2015
Sep. 24, 2016
Sep. 26, 2015
Income Statement [Abstract]        
Product sales $ 544,828 $ 560,518 $ 1,648,530 $ 1,776,194
Services sales 65,419 72,057 198,571 208,902
Net sales 610,247 632,575 1,847,101 1,985,096
Product cost of sales 409,003 427,688 1,220,567 1,348,402
Services cost of sales 46,221 48,136 135,425 144,941
Total cost of sales 455,224 475,824 1,355,992 1,493,343
Gross profit 155,023 156,751 491,109 491,753
Selling, general and administrative expenses 101,783 104,539 303,698 327,858
Impairment of goodwill and intangible assets 0 15,200 0 15,200
Operating income 53,240 37,012 187,411 148,695
Other income (expenses):        
Interest expense (11,100) (11,120) (33,276) (33,480)
Interest income 771 905 2,289 2,395
Other 878 (1,230) 452 (242)
Total other income (expenses) (9,451) (11,445) (30,535) (31,327)
Earnings before income taxes 43,789 25,567 156,876 117,368
Income tax expense (benefit):        
Current 18,017 6,746 51,276 37,656
Deferred (3,749) 5,272 (1,534) 5,217
Total income tax expense (benefit) 14,268 12,018 49,742 42,873
Earnings before equity in earnings of nonconsolidated subsidiaries 29,521 13,549 107,134 74,495
Equity in earnings of nonconsolidated subsidiaries 0 0 0 0
Net earnings 29,521 13,549 107,134 74,495
Less: Earnings attributable to noncontrolling interests (1,348) (1,483) (3,966) (3,817)
Net earnings attributable to Valmont Industries, Inc. $ 28,173 $ 12,066 $ 103,168 $ 70,678
Earnings per share:        
Basic (in dollars per share) $ 1.25 $ 0.52 $ 4.56 $ 3.02
Diluted (in dollars per share) 1.24 0.52 4.54 3.00
Cash dividends declared per share (in dollars per share) $ 0.375 $ 0.375 $ 1.125 $ 1.125
Weighted average number of shares of common stock outstanding - Basic (in shares) 22,505 23,057 22,602 23,420
Weighted average number of shares of common stock outstanding - Diluted (in shares) 22,659 23,170 22,741 23,534