CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 493,490	$ 399,948
Receivables, net	492,842	439,342
Inventories	403,234	350,028
Prepaid expenses, restricted cash, and other assets	50,064	57,297
Refundable income taxes	8,493	6,601
Total current assets	1,448,123	1,253,216
Property, plant and equipment, at cost	1,169,854	1,105,736
Less accumulated depreciation and amortization	647,430	587,401
Net property, plant and equipment	522,424	518,335
Goodwill	336,754	321,110
Other intangible assets, net	142,090	144,378
Other assets	160,780	154,692
Total assets	2,610,171	2,391,731
Current liabilities:
Current installments of long-term debt	949	851
Notes payable to banks	197	746
Accounts payable	216,104	177,488
Accrued employee compensation and benefits	81,494	72,404
Accrued expenses	106,238	89,914
Dividends payable	8,478	8,445
Total current liabilities	413,460	349,848
Deferred income taxes	28,183	35,803
Long-term debt, excluding current installments	754,202	754,795
Defined benefit pension liability	199,562	209,470
Deferred compensation	48,612	44,319
Other noncurrent liabilities	13,557	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	1,974,601	1,874,722
Accumulated other comprehensive loss	(288,102)	(346,359)
Treasury stock	(601,565)	(612,781)
Total Valmont Industries, Inc. shareholders’ equity	1,112,834	943,482
Noncontrolling interest in consolidated subsidiaries	39,761	39,104
Total shareholders’ equity	1,152,595	982,586
Total liabilities and shareholders’ equity	$ 2,610,171	$ 2,391,731