CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 24, 2022	Dec. 25, 2021
Current assets:
Cash and cash equivalents	$ 166,221	$ 177,232
Receivables, net	614,411	571,593
Inventories	746,282	728,834
Contract assets	215,684	142,643
Prepaid expenses and other assets	107,476	83,646
Refundable income taxes	0	8,815
Total current assets	1,850,074	1,712,763
Property, plant and equipment, at cost	1,426,883	1,422,101
Less accumulated depreciation and amortization	830,033	823,496
Net property, plant and equipment	596,850	598,605
Goodwill	728,587	708,566
Other intangible assets, net	182,796	175,364
Other assets	263,422	251,951
Total assets	3,621,729	3,447,249
Current liabilities:
Current installments of long-term debt	2,106	4,884
Notes payable to banks	4,935	13,439
Accounts payable	376,508	347,841
Accrued employee compensation and benefits	125,565	144,559
Contract liabilities	200,341	135,746
Other accrued expenses	136,335	108,771
Income taxes payable	10,668	0
Dividends payable	11,733	10,616
Total current liabilities	868,191	765,856
Deferred income taxes	48,542	47,849
Long-term debt, excluding current installments	935,129	947,072
Defined benefit pension liability	0	536
Operating lease liabilities	156,860	147,759
Deferred compensation	28,754	35,373
Other noncurrent liabilities	11,502	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	13,251	1,479
Retained earnings	2,569,641	2,394,307
Accumulated other comprehensive loss	(328,120)	(263,127)
Treasury stock	(769,941)	(773,712)
Total Valmont Industries, Inc. shareholders' equity	1,512,731	1,386,847
Noncontrolling interest in consolidated subsidiaries	60,020	26,750
Total shareholders' equity	1,572,751	1,413,597
Total liabilities and shareholders' equity	$ 3,621,729	$ 3,447,249