CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 01, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 448,222	$ 399,948
Receivables, net	496,962	439,342
Inventories	382,648	350,028
Prepaid expenses, restricted cash, and other assets	43,545	57,297
Refundable income taxes	4,830	6,601
Total current assets	1,376,207	1,253,216
Property, plant and equipment, at cost	1,148,482	1,105,736
Less accumulated depreciation and amortization	628,375	587,401
Net property, plant and equipment	520,107	518,335
Goodwill	329,708	321,110
Other intangible assets, net	141,557	144,378
Other assets	155,583	154,692
Total assets	2,523,162	2,391,731
Current liabilities:
Current installments of long-term debt	921	851
Notes payable to banks	376	746
Accounts payable	193,087	177,488
Accrued employee compensation and benefits	68,944	72,404
Accrued expenses	102,247	89,914
Dividends payable	8,472	8,445
Total current liabilities	374,047	349,848
Deferred income taxes	32,642	35,803
Long-term debt, excluding current installments	754,436	754,795
Defined benefit pension liability	194,517	209,470
Deferred compensation	47,799	44,319
Other noncurrent liabilities	17,275	14,910
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	1,945,874	1,874,722
Accumulated other comprehensive loss	(305,799)	(346,359)
Treasury stock	(603,726)	(612,781)
Total Valmont Industries, Inc. shareholders’ equity	1,064,249	943,482
Noncontrolling interest in consolidated subsidiaries	38,197	39,104
Total shareholders’ equity	1,102,446	982,586
Total liabilities and shareholders’ equity	$ 2,523,162	$ 2,391,731