CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 166,907	$ 185,406
Receivables, net	651,133	604,181
Inventories	729,738	728,762
Contract assets	154,410	174,539
Prepaid expenses and other current assets	99,994	87,697
Total current assets	1,802,182	1,780,585
Property, plant, and equipment, at cost	1,464,577	1,433,151
Less accumulated depreciation	(861,465)	(837,573)
Net property, plant, and equipment	603,112	595,578
Goodwill	744,271	739,861
Other intangible assets, net	165,728	176,615
Defined pension benefit asset	43,045	24,216
Other non-current assets	257,502	240,141
Total assets	3,615,840	3,556,996
Current liabilities:
Current installments of long-term debt	1,041	1,194
Notes payable to banks	1,665	5,846
Accounts payable	346,000	360,312
Accrued employee compensation and benefits	109,155	124,355
Contract liabilities	124,230	172,915
Other accrued expenses	131,344	123,965
Income taxes payable	23,152	3,664
Dividends payable	12,607	11,742
Total current liabilities	749,194	803,993
Deferred income taxes	38,390	41,091
Long-term debt, excluding current installments	952,704	870,935
Operating lease liabilities	161,795	155,469
Deferred compensation	34,938	30,316
Other non-current liabilities	8,527	13,480
Total liabilities	1,945,548	1,915,284
Shareholders' equity:
Common stock of $1 par value - Authorized 75,000,000 shares; 27,900,000 issued	27,900	27,900
Retained earnings	2,710,382	2,593,039
Accumulated other comprehensive loss	(255,602)	(274,909)
Treasury stock	(870,456)	(765,183)
Total Valmont Industries, Inc. shareholders' equity	1,612,224	1,580,847
Noncontrolling interest in consolidated subsidiaries	58,068	60,865
Total shareholders' equity	1,670,292	1,641,712
Total liabilities and shareholders' equity	$ 3,615,840	$ 3,556,996