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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax $ 56,233 $ (79,279) $ 58,315
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax 352 0  
Net earnings 100,306 122,319 178,391
Foreign currency translation adjustments:      
Unrealized translation gains (losses) (65,436) 79,279 (58,315)
Gain/(loss) on hedging activities:      
Unrealized gain (loss) on net investment hedges, net of tax expense (benefit) of $1,894 in 2018, ($880) in 2017 and $2,646 in 2016     4,226
Realized loss on grinding media net investment hedge     0
Amortization cost included in interest expense 423 74 74
Deferred loss on interest rate hedges     0
Commodity hedges     0
Derivative adjustment 4,814 (1,621) 4,300
Actuarial gain (loss) in defined benefit pension plan, net of tax expense (benefit) of ($10,732) in 2015, ($3,450) in 2014, and ($10,143) in 2013 29,885 (10,871) (24,141)
Other comprehensive income (loss) (21,534) 66,787 (78,156)
Comprehensive income 78,772 189,106 100,235
Comprehensive income attributable to noncontrolling interests (8,584) (5,529) (6,144)
Comprehensive income attributable to Valmont Industries, Inc. $ 70,188 $ 183,577 $ 94,091