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EARNINGS PER SHARE (Tables)
6 Months Ended
Jul. 01, 2023
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted Earnings Per Share (EPS)

The following table provides a reconciliation of the earnings and average share amounts used to compute both basic and diluted earnings per share:

Thirteen weeks ended

Twenty-six weeks ended

July 1,

June 25,

July 1,

June 25,

2023

    

2022

    

2023

    

2022

Net earnings attributable to Valmont Industries, Inc.

$

89,376

$

76,108

$

163,916

$

138,419

Weighted average shares outstanding:

 

 

 

Basic weighted average shares outstanding

21,029

21,313

21,149

21,296

Dilutive effect of various stock awards

200

228

221

220

Diluted weighted average shares outstanding

21,229

21,541

21,370

21,516

Earnings per share:

Basic

$

4.25

$

3.57

$

7.75

$

6.50

Dilutive effect of various stock awards

(0.04)

(0.04)

(0.08)

(0.07)

Diluted

$

4.21

$

3.53

$

7.67

$

6.43