CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 172,948	$ 185,406
Receivables, net	650,041	604,181
Inventories	725,360	728,762
Contract assets	159,785	174,539
Prepaid expenses and other assets	107,365	87,697
Total current assets	1,815,499	1,780,585
Property, plant, and equipment, at cost	1,448,466	1,433,151
Less accumulated depreciation and amortization	849,618	837,573
Net property, plant, and equipment	598,848	595,578
Goodwill	741,735	739,861
Other intangible assets, net	172,300	176,615
Defined pension benefit asset	41,744	24,216
Other assets	234,366	240,141
Total assets	3,604,492	3,556,996
Current liabilities:
Current installments of long-term debt	1,165	1,194
Notes payable to banks	11,436	5,846
Accounts payable	368,576	360,312
Accrued employee compensation and benefits	80,362	124,355
Contract liabilities	156,333	172,915
Other accrued expenses	130,750	123,965
Income taxes payable	20,093	3,664
Dividends payable	12,634	11,742
Total current liabilities	781,349	803,993
Deferred income taxes	45,422	41,091
Long-term debt, excluding current installments	985,636	870,935
Operating lease liabilities	151,219	155,469
Deferred compensation	33,885	30,316
Other noncurrent liabilities	8,581	13,480
Shareholders' equity:
Common stock of $1 par value - Authorized 75,000,000 shares; 27,900,000 issued	27,900	27,900
Retained earnings	2,635,628	2,593,039
Accumulated other comprehensive loss	(266,133)	(274,909)
Treasury stock	(857,296)	(765,183)
Total Valmont Industries, Inc. shareholders' equity	1,540,099	1,580,847
Noncontrolling interest in consolidated subsidiaries	58,301	60,865
Total shareholders' equity	1,598,400	1,641,712
Total liabilities and shareholders' equity	$ 3,604,492	$ 3,556,996