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BUSINESS SEGMENTS
12 Months Ended
Dec. 26, 2020
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
    The Company has four reportable segments based on its management structure. Each segment is global in nature with a manager responsible for segment operational performance and the allocation of capital within the segment. Net corporate expense is net of certain service‑related expenses that are allocated to business units generally on the basis of employee headcounts and sales dollars.

Reportable segments are as follows:

ENGINEERED SUPPORT STRUCTURES: This segment consists of the manufacture and distribution of engineered poles, towers, and components for lighting, transportation, and wireless communication markets, including integrated structure solutions for smart cities, and engineered access systems;
UTILITY SUPPORT STRUCTURES: This segment consists of the manufacture of engineered steel and concrete structures for utility markets, including transmission, distribution, and substation products, and renewable energy generation equipment;

COATINGS: This segment consists of global galvanizing, painting and anodizing services to preserve and protect metal products; and

IRRIGATION: This segment consists of the global manufacture of agricultural irrigation equipment, parts, services, tubular products, and advanced technology solutions for water management and precision agriculture.

In addition to these four reportable segments, the Company had other businesses and activities that individually are not more than 10% of consolidated sales, operating income or assets. This includes the manufacture of forged steel grinding media for the mining industry and is reported in the "Other" category until its divestiture in 2018.
The accounting policies of the reportable segments are the same as those described in Note 1. The Company evaluates the performance of its business segments based upon operating income and invested capital. The Company does not allocate interest expense, non-operating income and deductions, or income taxes to its business segments.
Summary by Business
202020192018
SALES:
Engineered Support Structures segment:
Lighting, Traffic, and Highway Safety Products
$717,216 $708,853 $706,582 
    Communication Products
190,203 188,912 149,817 
Access Systems
88,421 114,525 130,481 
Engineered Support Structures segment
995,840 1,012,290 986,880 
Utility Support Structures segment:
Steel
635,220 630,892 637,979 
Concrete
160,544 122,032 111,875 
Engineered Solar Tracker Solutions
86,382 47,450 16,760 
Offshore and Other Complex Steel Structures
120,063 90,206 92,559 
Utility Support Structures segment
1,002,209 890,580 859,173 
Coatings segment
345,312 367,835 353,351 
Irrigation segment:
North America
378,424 378,613 386,683 
    International
267,407 206,583 246,983 
Irrigation segment
645,831 585,196 633,666 
Other
— — 23,080 
Total
2,989,192 2,855,901 2,856,150 
INTERSEGMENT SALES:
Engineered Support Structures
12,317 10,214 19,522 
Utility Support Structures
71 4,972 3,967 
Coatings
75,710 67,195 66,612 
Irrigation
5,739 6,544 8,905 
Total
93,837 88,925 99,006 
NET SALES:
Engineered Support Structures segment
983,523 1,002,076 967,358 
Utility Support Structures segment
1,002,138 885,608 855,206 
Coatings segment
269,602 300,640 286,739 
Irrigation segment
640,092 578,652 624,761 
Other
— — 23,080 
Total
$2,895,355 $2,766,976 $2,757,144 
202020192018
OPERATING INCOME (LOSS):
Engineered Support Structures
$65,342 $65,627 $34,776 
Utility Support Structures
100,855 87,788 64,766 
Coatings
42,975 51,008 55,325 
Irrigation
83,046 71,687 97,722 
Other
— — (913)
Corporate
(66,265)(48,205)(39,504)
Total
225,953 227,905 212,172 
Interest expense, net
(38,701)(36,211)(39,569)
Costs associated with refinancing of debt— — (14,820)
Loss from divestiture of grinding media business
— — (6,084)
Other
5,516 8,164 1,634 
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries
$192,768 $199,858 $153,333 
TOTAL ASSETS:
Engineered Support Structures
$932,565 $944,428 $868,336 
Utility Support Structures
778,127 742,194 700,915 
Coatings
360,594 363,070 294,951 
Irrigation
465,322 347,887 347,894 
Corporate
416,552 409,637 371,798 
Total
$2,953,160 $2,807,216 $2,583,894 

CAPITAL EXPENDITURES:
Engineered Support Structures
$24,447 $25,344 $26,783 
Utility Support Structures
34,495 26,306 17,442 
Coatings
22,132 23,610 10,320 
Irrigation
16,740 15,644 7,249 
Other
— — 
Corporate
8,886 6,521 10,184 
Total
$106,700 $97,425 $71,985 
202020192018
DEPRECIATION AND AMORTIZATION:
Engineered Support Structures
$25,399 $26,280 $27,274 
Utility Support Structures
23,641 23,779 23,618 
Coatings
15,793 15,907 15,956 
Irrigation
12,098 10,943 11,335 
Other
— — 775 
Corporate
5,961 5,355 3,869 
Total
$82,892 $82,264 $82,827 
Summary by Geographical Area by Location of Valmont Facilities:
202020192018
NET SALES:
United States
$1,919,136 $1,872,840 $1,771,390 
Australia
252,253 255,271 325,553 
Denmark
120,063 90,206 92,559 
Other
603,903 548,659 567,642 
Total
$2,895,355 $2,766,976 $2,757,144 
LONG-LIVED ASSETS:
United States
$748,886 $753,545 $624,143 
Australia
179,673 193,029 168,438 
Denmark
61,546 58,435 64,497 
Other
408,430 369,983 332,556 
Total
$1,398,535 $1,374,992 $1,189,634 
No single customer accounted for more than 10% of net sales in 2020, 2019, or 2018. Net sales by geographical area are based on the location of the facility producing the sales and do not include sales to other operating units of the Company. Australia accounted for approximately 9% of the Company's net sales in 2020; no other foreign country accounted for more than 4% of the Company’s net sales.
    Operating income by business segment are based on net sales less identifiable operating expenses and allocations and includes profits recorded on sales to other operating units of the Company. Long-lived assets consist of property, plant and equipment, net of depreciation, goodwill, other intangible assets and other assets. Long-lived assets by geographical area are based on location of facilities.