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EARNINGS PER SHARE
 9 Months Ended
Sep. 28, 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 September 28, 2019:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
40,144

 
$
—

 
$
40,144

Weighted average shares outstanding (000's)
21,556

 
128

 
21,684

Per share amount
$
1.86

 
$
0.01

 
$
1.85

Thirteen weeks ended September 29, 2018:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
4,448

 
$
—

 
$
4,448

Weighted average shares outstanding (000's)
22,215

 
137

 
22,352

Per share amount
$
0.20

 
$
—

 
$
0.20

Thirty-nine weeks ended September 28, 2019
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
118,022

 
$
—

 
$
118,022

Weighted average shares outstanding (000's)
21,725

 
101

 
21,826

Per share amount
$
5.43

 
$
(0.02
)
 
$
5.41

Thirty-nine weeks ended September 29, 2018:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
76,689

 
$
—

 
$
76,689

Weighted average shares outstanding (000's)
22,421

 
153

 
22,574

Per share amount
$
3.42

 
$
(0.02
)
 
$
3.40


At September 28, 2019 and September 29, 2018, there were 177,153 and 190,021 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.