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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 24, 2016
Sep. 30, 2017
Sep. 24, 2016
Income Statement [Abstract]        
Product sales $ 602,080 $ 544,828 $ 1,807,539 $ 1,648,530
Services sales 78,699 65,419 223,450 198,571
Net sales 680,779 610,247 2,030,989 1,847,101
Product cost of sales 462,854 409,003 1,366,875 1,220,567
Services cost of sales 54,331 46,221 152,635 135,425
Total cost of sales 517,185 455,224 1,519,510 1,355,992
Gross profit 163,594 155,023 511,479 491,109
Selling, general and administrative expenses 103,671 101,783 308,764 303,698
Operating income 59,923 53,240 202,715 187,411
Other income (expenses):        
Interest expense (11,190) (11,100) (33,312) (33,276)
Interest income 1,311 771 3,205 2,289
Other 517 878 1,684 452
Total other income (expenses) (9,362) (9,451) (28,423) (30,535)
Earnings before income taxes 50,561 43,789 174,292 156,876
Income tax expense:        
Current 21,163 18,017 50,264 51,276
Deferred (7,268) (3,749) 79 (1,534)
Total income tax expense (benefit) 13,895 14,268 50,343 49,742
Earnings before equity in earnings of nonconsolidated subsidiaries 36,666 29,521 123,949 107,134
Equity in earnings of nonconsolidated subsidiaries 0 0 0 0
Net earnings 36,666 29,521 123,949 107,134
Less: Earnings attributable to noncontrolling interests (1,458) (1,348) (4,098) (3,966)
Net earnings attributable to Valmont Industries, Inc. $ 35,208 $ 28,173 $ 119,851 $ 103,168
Earnings per share:        
Basic (in dollars per share) $ 1.56 $ 1.25 $ 5.33 $ 4.56
Diluted (in dollars per share) 1.55 1.24 5.28 4.54
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) 22,527 22,505 22,505 22,602
Weighted average number of shares of common stock outstanding - Diluted (in shares) 22,751 22,659 22,717 22,741