EARNINGS PER SHARE

9 Months Ended

Sep. 24, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

(5) EARNINGS PER SHARE

The following table provides a reconciliation between Basic and Diluted earnings per share (“EPS”):

			Dilutive
			Effect of
			Stock		Diluted
	Basic EPS		Options		EPS
Thirteen weeks ended September 24, 2022:
Net earnings attributable to Valmont Industries, Inc.	$	72,112	$	—	$	72,112
Weighted average shares outstanding (000’s)		21,332		273		21,605
Per share amount	$	3.38	$	(0.04)	$	3.34
Thirteen weeks ended September 25, 2021:
Net earnings attributable to Valmont Industries, Inc.	$	51,650	$	—	$	51,650
Weighted average shares outstanding (000’s)		21,175		377		21,552
Per share amount	$	2.44	$	(0.04)	$	2.40
Thirty-nine weeks ended September 24, 2022						.
Net earnings attributable to Valmont Industries, Inc.	$	210,531	$	—	$	210,531
Weighted average shares outstanding (000’s)		21,308		238		21,546
Per share amount	$	9.88	$	(0.11)	$	9.77
Thirty-nine weeks ended September 25, 2021:
Net earnings attributable to Valmont Industries, Inc.	$	168,774	$	—	$	168,774
Weighted average shares outstanding (000’s)		21,182		301		21,483
Per share amount	$	7.97	$	(0.11)	$	7.86

As of September 24, 2022 and September 25, 2021, there were no outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share, respectively.