EARNINGS PER SHARE

The following table provides a reconciliation between Basic and Diluted earnings per share (EPS):



	Basic EPS		Dilutive Effect of Stock Options			Diluted EPS
Thirteen weeks ended June 30, 2018:
Net earnings attributable to Valmont Industries, Inc.	$	32,960	$	—		$	32,960
Shares outstanding (000 omitted)	22,438		135			22,573
Per share amount	$	1.47	$	(0.01	)	$	1.46
Thirteen weeks ended July 1, 2017:
Net earnings attributable to Valmont Industries, Inc.	$	45,664	$	—		$	45,664
Shares outstanding (000 omitted)	22,517		223			22,740
Per share amount	$	2.03	$	(0.02	)	$	2.01
Twenty-six weeks ended June 30, 2018:
Net earnings attributable to Valmont Industries, Inc.	$	72,241	$	—		$	72,241
Shares outstanding (000 omitted)	22,523		161			22,684
Per share amount	$	3.21	$	(0.03	)	$	3.18
Twenty-six weeks ended July 1, 2017:
Net earnings attributable to Valmont Industries, Inc.	$	84,643	$	—		$	84,643
Shares outstanding (000 omitted)	22,494		206			22,700
Per share amount	$	3.76	$	(0.03	)	$	3.73

Basic and diluted earnings per share in the second quarter and first half of 2018 were impacted by the 2018 Restructuring Plan costs of $6,295, after-tax ($0.28 per share) and $9,620, after-tax ($0.43 per share), respectively. In addition, the Company divested of its grinding media business in the second quarter of 2018 resulting in a loss of $5,455, after-tax ($0.24 per share).

At June 30, 2018 and July 1, 2017, there were 145,105 and 84,712 outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share, respectively.