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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Sales $ 2,757,144,000 $ 2,745,967,000 $ 2,521,676,000
Cost of sales 2,098,864,000 2,064,199,000 1,865,433,000
Gross profit 658,280,000 681,768,000 656,243,000
Selling, general and administrative expenses 440,220,000 414,688,000 410,869,000
Impairment of goodwill and intangible assets 15,780,000 0 0
Operating income 202,280,000 267,080,000 245,374,000
Other income (expenses):      
Interest expense (44,237,000) (44,645,000) (44,409,000)
Interest income 4,668,000 4,737,000 3,105,000
Costs associated with refinancing of debt (14,820,000) 0 0
Loss on divestiture of grinding media business (6,084,000) 0 0
Other Nonoperating Income (Expense) excluding Sale of Business and Debt Costs 1,634,000 1,292,000 16,384,000
Total other income (expenses) (58,839,000) (38,616,000) (24,920,000)
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries 143,441,000 228,464,000 220,454,000
Income tax expense (benefit):      
Current 44,794,000 66,390,000 65,748,000
Deferred (1,659,000) 39,755,000 (23,685,000)
Total income tax expense (benefit) 43,135,000 106,145,000 42,063,000
Comprehensive income 78,772,000 189,106,000 100,235,000
Earnings before equity in earnings of nonconsolidated subsidiaries 100,306,000 122,319,000 178,391,000
Equity in earnings of nonconsolidated subsidiaries 0 0 0
Net earnings 100,306,000 122,319,000 178,391,000
Less: Earnings attributable to noncontrolling interests (5,955,000) (6,079,000) (5,159,000)
Net earnings attributable to Valmont Industries, Inc. $ 94,351,000 $ 116,240,000 $ 173,232,000
Earnings per share:      
Basic (in dollars per share) $ 4.23 $ 5.16 $ 7.68
Diluted (in dollars per share) 4.20 5.11 $ 7.63
Cash dividends declared per share (in dollars per share) $ 1.500 $ 1.500  
Weighted average number of shares of common stock outstanding - Basic (in shares) 22,306 22,520 22,562
Weighted average number of shares of common stock outstanding - Diluted (in shares) 22,446 22,738 22,709
Product      
Sales $ 2,437,334,000 $ 2,447,219,000 $ 2,255,860,000
Cost of sales 1,887,959,000 1,860,087,000 1,682,355,000
Service      
Sales 319,810,000 298,748,000 265,816,000
Cost of sales $ 210,905,000 $ 204,112,000 $ 183,078,000