XML 24 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
EARNINGS PER SHARE
 6 Months Ended
Jul. 01, 2017
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 July 1, 2017:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
45,664

 
$
—

 
$
45,664

Shares outstanding (000 omitted)
22,517

 
223

 
22,740

Per share amount
$
2.03

 
$
(0.02
)
 
$
2.01

Thirteen weeks ended June 25, 2016:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
42,026

 
$
—

 
$
42,026

Shares outstanding (000 omitted)
22,602

 
147

 
22,749

Per share amount
$
1.86

 
$
(0.01
)
 
$
1.85

Twenty-six weeks ended July 1, 2017:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
84,643

 
$
—

 
$
84,643

Shares outstanding (000 omitted)
22,494

 
206

 
22,700

Per share amount
$
3.76

 
$
(0.03
)
 
$
3.73

Twenty-six weeks ended June 25, 2016:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
74,995

 
$
—

 
$
74,995

Shares outstanding (000 omitted)
22,651

 
131

 
22,782

Per share amount
$
3.31

 
$
(0.02
)
 
$
3.29


At July 1, 2017 and June 25, 2016, there were 84,712 and 381,973 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.