CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
Current assets:
Cash and cash equivalents	$ 185,406	$ 177,232
Receivables, less allowance of $20,890 in 2022 and $18,050 in 2021	604,181	571,593
Inventories	728,762	728,834
Contract assets	174,539	142,643
Prepaid expenses and other assets	87,697	83,646
Refundable income taxes		8,815
Total current assets	1,780,585	1,712,763
Property, plant, and equipment, at cost	1,433,151	1,422,101
Less accumulated depreciation and amortization	837,573	823,496
Net property, plant and equipment	595,578	598,605
Goodwill	739,861	708,566
Other intangible assets, net	176,615	175,364
Defined pension benefit asset	24,216
Other assets	240,141	251,951
Total assets	3,556,996	3,447,249
Current liabilities:
Current installments of long-term debt	1,194	4,884
Notes payable to banks	5,846	13,439
Accounts payable	360,312	347,841
Accrued employee compensation and benefits	124,355	144,559
Contract liabilities	172,915	135,746
Other accrued expenses	123,965	108,771
Income taxes payable	3,664
Dividends payable	11,742	10,616
Total current liabilities	803,993	765,856
Deferred income taxes	41,091	47,849
Long-term debt, excluding current installments	870,935	947,072
Operating lease liabilities	155,469	147,759
Deferred compensation	30,316	35,373
Other noncurrent liabilities	13,480	89,743
Shareholders' equity:
Authorized 75,000,000 shares; 27,900,000 issued	27,900	27,900
Additional paid-in capital		1,479
Retained earnings	2,593,039	2,394,307
Accumulated other comprehensive loss	(274,909)	(263,127)
Cost of treasury stock, common shares of 6,549,833 in 2022 and 6,619,860 in 2021	(765,183)	(773,712)
Total Valmont Industries, Inc. shareholders' equity	1,580,847	1,386,847
Noncontrolling interest in consolidated subsidiaries	60,865	26,750
Total shareholders' equity	1,641,712	1,413,597
Total liabilities and shareholders' equity	$ 3,556,996	$ 3,447,249