CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 26, 2022	Dec. 25, 2021
Current assets:
Cash and cash equivalents	$ 149,700	$ 177,232
Receivables, net	616,538	571,593
Inventories	807,471	728,834
Contract assets	161,633	142,643
Prepaid expenses and other assets	105,233	83,646
Refundable income taxes	0	8,815
Total current assets	1,840,575	1,712,763
Property, plant and equipment, at cost	1,451,044	1,422,101
Less accumulated depreciation and amortization	840,826	823,496
Net property, plant and equipment	610,218	598,605
Goodwill	707,692	708,566
Other intangible assets, net	169,424	175,364
Other assets	253,574	251,951
Total assets	3,581,483	3,447,249
Current liabilities:
Current installments of long-term debt	4,226	4,884
Notes payable to banks	8,380	13,439
Accounts payable	404,410	347,841
Accrued employee compensation and benefits	96,547	144,559
Contract liabilities	168,794	135,746
Other accrued expenses	118,535	108,771
Income taxes payable	6,074	0
Dividends payable	11,721	10,616
Total current liabilities	818,687	765,856
Deferred income taxes	50,604	47,849
Long-term debt, excluding current installments	963,065	947,072
Defined benefit pension liability	0	536
Operating lease liabilities	146,493	147,759
Deferred compensation	36,469	35,373
Other noncurrent liabilities	61,674	89,207
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	5,251	1,479
Retained earnings	2,444,897	2,394,307
Accumulated other comprehensive loss	(232,160)	(263,127)
Treasury stock	(769,835)	(773,712)
Total Valmont Industries, Inc. shareholders’ equity	1,476,053	1,386,847
Noncontrolling interest in consolidated subsidiaries	28,438	26,750
Total shareholders’ equity	1,504,491	1,413,597
Total liabilities and shareholders’ equity	$ 3,581,483	$ 3,447,249