EARNINGS PER SHARE

3 Months Ended

Apr. 01, 2023

Earnings Per Share [Abstract]

EARNINGS PER SHARE

(6) EARNINGS PER SHARE

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

			Dilutive
			Effect of
			Various Stock		Diluted
	Basic EPS		Awards		EPS
Thirteen weeks ended April 1, 2023:
Net earnings attributable to Valmont Industries, Inc.	$	74,540	$	—	$	74,540
Weighted average shares outstanding (000’s)		21,269		243		21,512
Per share amount	$	3.50	$	(0.03)	$	3.47
Thirteen weeks ended March 26, 2022:
Net earnings attributable to Valmont Industries, Inc.	$	62,311	$	—	$	62,311
Weighted average shares outstanding (000’s)		21,279		213		21,492
Per share amount	$	2.93	$	(0.03)	$	2.90

At April 1, 2023 and March 26, 2022, there were 40,564 and 47,223 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.