CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 492,805	$ 399,948
Receivables, less allowance of $9,396 in 2017 and $10,250 in 2016	503,677	439,342
Inventories	420,948	350,028
Prepaid expenses, restricted cash, and other assets	43,643	57,297
Refundable income taxes	11,492	6,601
Total current assets	1,472,565	1,253,216
Property, plant and equipment, at cost	1,165,687	1,105,736
Less accumulated depreciation and amortization	646,759	587,401
Net property, plant and equipment	518,928	518,335
Goodwill	337,720	321,110
Other intangible assets, net	138,599	144,378
Other assets, less allowance for doubtful receivables of $417 in 2017 and $8,741 in 2016	134,438	154,692
Total assets	2,602,250	2,391,731
Current liabilities:
Current installments of long-term debt	966	851
Notes payable to banks	161	746
Accounts payable	227,906	177,488
Accrued employee compensation and benefits	84,426	72,404
Accrued expenses	81,029	89,914
Dividends payable	8,510	8,445
Total current liabilities	402,998	349,848
Deferred income taxes	34,906	35,803
Long-term debt, excluding current installments	753,888	754,795
Defined benefit pension liability	189,552	209,470
Deferred compensation	48,526	44,319
Other noncurrent liabilities	20,585	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	1,954,344	1,874,722
Accumulated other comprehensive income (loss)	(279,022)	(346,359)
Cost of treasury stock, common shares of 5,206,474 in 2017 and 5,379,106 in 2016	(590,386)	(612,781)
Total Valmont Industries, Inc. shareholders’ equity	1,112,836	943,482
Noncontrolling interest in consolidated subsidiaries	38,959	39,104
Total shareholders’ equity	1,151,795	982,586
Total liabilities and shareholders’ equity	$ 2,602,250	$ 2,391,731