CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 26, 2021	Dec. 26, 2020
Current assets:
Cash and cash equivalents	$ 199,285	$ 400,726
Receivables, net	559,323	511,714
Inventories	593,498	448,941
Contract assets	140,146	123,495
Prepaid expenses and other assets	103,022	59,804
Refundable income taxes	0	9,945
Total current assets	1,595,274	1,554,625
Property, plant and equipment, at cost	1,369,902	1,341,380
Less accumulated depreciation and amortization	760,035	743,653
Net property, plant and equipment	609,867	597,727
Goodwill	712,731	430,322
Other intangible assets, net	200,995	167,193
Other assets	285,269	203,293
Total assets	3,404,136	2,953,160
Current liabilities:
Current installments of long-term debt	5,628	2,748
Notes payable to banks	29,449	35,147
Accounts payable	324,946	268,099
Accrued employee compensation and benefits	103,694	137,939
Contract liabilities	156,481	130,018
Other accrued expenses	104,497	89,796
Income taxes payable	11,920	0
Dividends payable	10,607	9,556
Total current liabilities	747,222	673,303
Deferred income taxes	50,308	41,689
Long-term debt, excluding current installments	860,878	728,431
Defined benefit pension liability	112,969	118,523
Operating lease liabilities	150,971	80,202
Deferred compensation	45,115	44,519
Other noncurrent liabilities	115,189	58,657
Shareholders’ equity:
Common stock of $1 par value - Authorized 75,000,000 shares; 27,900,000 issued	27,900	27,900
Additional paid in capital	0	335
Retained earnings	2,337,015	2,245,035
Accumulated other comprehensive loss	(283,435)	(309,786)
Treasury stock	(786,857)	(781,422)
Total Valmont Industries, Inc. shareholders’ equity	1,294,623	1,182,062
Noncontrolling interest in consolidated subsidiaries	26,861	25,774
Total shareholders’ equity	1,321,484	1,207,836
Total liabilities and shareholders’ equity	$ 3,404,136	$ 2,953,160