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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Net sales $ 692,139 $ 698,684
Total cost of sales 527,010 529,444
Gross profit 165,129 169,240
Selling, general and administrative expenses 110,025 105,280
Operating income 55,104 63,960
Other income (expenses):    
Interest expense (9,878) (11,074)
Interest income 810 1,267
Gain (loss) on investments (unrealized) 2,832 (172)
Other 1,014 (969)
Total other income (expenses) (5,222) (10,948)
Earnings before income taxes 49,882 53,012
Income tax expense (benefit):    
Current 2,765 7,713
Deferred 9,662 4,819
Total income tax expense (benefit) 12,427 12,532
Net earnings 37,455 40,480
Less: Earnings attributable to noncontrolling interests (974) (1,199)
Net earnings attributable to Valmont Industries, Inc. $ 36,481 $ 39,281
Earnings per share:    
Basic (in dollars per share) $ 1.67 $ 1.74
Diluted (in dollars per share) $ 1.66 $ 1.72
Product sales    
Net sales $ 614,964 $ 620,486
Total cost of sales 474,395 476,264
Services sales    
Net sales 77,175 78,198
Total cost of sales $ 52,615 $ 53,180