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EARNINGS PER SHARE
 6 Months Ended
Jun. 29, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE 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 29, 2019:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
41,397

 
$
—

 
$
41,397

Weighted average shares outstanding (000's)
21,734

 
97

 
21,831

Per share amount
$
1.90

 
$
—

 
$
1.90

Thirteen weeks ended June 30, 2018:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
32,960

 
$
—

 
$
32,960

Weighted average shares outstanding (000's)
22,438

 
135

 
22,573

Per share amount
$
1.47

 
$
(0.01
)
 
$
1.46

Twenty-six weeks ended June 29, 2019
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
77,878

 
$
—

 
$
77,878

Weighted average shares outstanding (000's)
21,810

 
87

 
21,897

Per share amount
$
3.57

 
$
(0.01
)
 
$
3.56

Twenty-six Weeks Ended June 30, 2018:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
72,241

 
$
—

 
$
72,241

Weighted average shares outstanding (000's)
22,523

 
161

 
22,684

Per share amount
$
3.21

 
$
(0.03
)
 
$
3.18


At June 29, 2019 and June 30, 2018, there were 297,170 and 145,105 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.