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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Income Statement [Abstract]    
Product sales $ 620,486 $ 572,952
Services sales 78,198 64,521
Net sales 698,684 637,473
Product cost of sales 476,264 426,847
Services cost of sales 53,180 46,021
Total cost of sales 529,444 472,868
Gross profit 169,240 164,605
Selling, general and administrative expenses 105,280 99,949
Operating income 63,960 64,656
Other income (expenses):    
Interest expense (11,074) (11,304)
Interest income 1,267 927
Other (1,141) 1,045
Total other income (expenses) (10,948) (9,332)
Earnings before income taxes 53,012 55,324
Income tax expense:    
Current 7,713 1,298
Deferred 4,819 14,065
Total income tax expense (benefit) 12,532 15,363
Earnings before equity in earnings of nonconsolidated subsidiaries 40,480 39,961
Equity in earnings of nonconsolidated subsidiaries 0 0
Net earnings 40,480 39,961
Less: Earnings attributable to noncontrolling interests (1,199) (982)
Net earnings attributable to Valmont Industries, Inc. $ 39,281 $ 38,979
Earnings per share:    
Basic (in dollars per share) $ 1.74 $ 1.73
Diluted (in dollars per share) 1.72 1.72
Cash dividends declared per share (in dollars per share) $ 0.375 $ 0.375
Weighted average number of shares of common stock outstanding - Basic (in shares) 22,609 22,472
Weighted average number of shares of common stock outstanding - Diluted (in shares) 22,796 22,660