CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Current assets:
Cash and cash equivalents	$ 211,237	$ 313,210
Receivables, net	512,852	483,963
Inventories	395,799	383,566
Contract asset - costs and profits in excess of billings	119,886	112,525
Prepaid expenses and other assets	54,379	42,800
Refundable income taxes	4,747	4,576
Total current assets	1,298,900	1,340,640
Property, plant and equipment, at cost	1,196,633	1,160,865
Less accumulated depreciation and amortization	669,304	646,873
Net property, plant and equipment	527,329	513,992
Goodwill	416,996	385,207
Other intangible assets, net	192,897	175,956
Other assets	209,865	114,479
Total assets	2,645,987	2,530,274
Current liabilities:
Current installments of long-term debt	764	779
Notes payable to banks	19,816	10,678
Accounts payable	219,460	218,115
Accrued employee compensation and benefits	63,425	79,291
Accrued expenses	129,161	91,942
Dividends payable	8,213	8,230
Total current liabilities	440,839	409,035
Deferred income taxes	46,440	43,489
Long-term debt, excluding current installments	741,629	741,822
Defined benefit pension liability	133,761	143,904
Operating lease liabilities	88,492
Deferred compensation	49,615	46,107
Other noncurrent liabilities	13,996	10,394
Shareholders’ equity:
Preferred stock of $1 par value - Authorized 500,000 shares; none issued	0	0
Common stock of $1 par value - Authorized 75,000,000 shares; issued 27,900,000 issued	27,900	27,900
Retained earnings	2,049,438	2,027,596
Accumulated other comprehensive loss	(298,740)	(303,185)
Treasury stock	(700,333)	(692,549)
Total Valmont Industries, Inc. shareholders’ equity	1,078,265	1,059,762
Noncontrolling interest in consolidated subsidiaries	52,950	75,761
Total shareholders’ equity	1,131,215	1,135,523
Total liabilities and shareholders’ equity	$ 2,645,987	$ 2,530,274