CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 29, 2018
Current assets:
Cash and cash equivalents	$ 327,200	$ 313,210
Receivables, net	501,215	483,963
Inventories	377,300	383,566
Contract asset - costs and profits in excess of billings	120,376	112,525
Prepaid expenses and other assets	50,420	42,800
Refundable income taxes	11,893	4,576
Total current assets	1,388,404	1,340,640
Property, plant and equipment, at cost	1,233,762	1,160,865
Less accumulated depreciation and amortization	685,394	646,873
Net property, plant and equipment	548,368	513,992
Goodwill	421,679	385,207
Other intangible assets, net	177,734	175,956
Other assets	189,257	114,479
Total assets	2,725,442	2,530,274
Current liabilities:
Current installments of long-term debt	745	779
Notes payable to banks	19,324	10,678
Accounts payable	197,535	218,115
Accrued employee compensation and benefits	78,540	79,291
Accrued expenses	226,715	91,942
Dividends payable	8,088	8,230
Total current liabilities	530,947	409,035
Deferred income taxes	43,778	43,489
Long-term debt, excluding current installments	764,524	741,822
Defined benefit pension liability	121,282	143,904
Operating lease liabilities	78,790	0
Deferred compensation	43,837	46,107
Other noncurrent liabilities	11,113	10,394
Shareholders’ equity:
Authorized 75,000,000 shares; 27,900,000 issued	27,900	27,900
Retained earnings	2,119,843	2,027,596
Accumulated other comprehensive loss	(316,717)	(303,185)
Treasury stock	(744,335)	(692,549)
Total Valmont Industries, Inc. shareholders’ equity	1,086,691	1,059,762
Noncontrolling interest in consolidated subsidiaries	44,480	75,761
Total shareholders’ equity	1,131,171	1,135,523
Total liabilities and shareholders’ equity	$ 2,725,442	$ 2,530,274