CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 25, 2022	Dec. 25, 2021
Current assets:
Cash and cash equivalents	$ 154,579	$ 177,232
Receivables, net	627,876	571,593
Inventories	786,600	728,834
Contract assets	200,522	142,643
Prepaid expenses and other assets	87,070	83,646
Refundable income taxes	0	8,815
Total current assets	1,856,647	1,712,763
Property, plant and equipment, at cost	1,452,413	1,422,101
Less accumulated depreciation and amortization	844,850	823,496
Net property, plant and equipment	607,563	598,605
Goodwill	741,743	708,566
Other intangible assets, net	192,333	175,364
Other assets	276,466	251,951
Total assets	3,674,752	3,447,249
Current liabilities:
Current installments of long-term debt	3,018	4,884
Notes payable to banks	4,428	13,439
Accounts payable	388,498	347,841
Accrued employee compensation and benefits	107,108	144,559
Contract liabilities	175,814	135,746
Other accrued expenses	130,114	108,771
Income taxes payable	10,036	0
Dividends payable	11,743	10,616
Total current liabilities	830,759	765,856
Deferred income taxes	55,641	47,849
Long-term debt, excluding current installments	995,647	947,072
Defined benefit pension liability	0	536
Operating lease liabilities	154,799	147,759
Deferred compensation	33,778	35,373
Other noncurrent liabilities	50,978	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	4,321	1,479
Retained earnings	2,509,262	2,394,307
Accumulated other comprehensive loss	(288,184)	(263,127)
Treasury stock	(764,917)	(773,712)
Total Valmont Industries, Inc. shareholders’ equity	1,488,382	1,386,847
Noncontrolling interest in consolidated subsidiaries	64,768	26,750
Total shareholders’ equity	1,553,150	1,413,597
Total liabilities and shareholders’ equity	$ 3,674,752	$ 3,447,249