EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Reconciliation of Basic and Diluted Earnings (Loss) Per Share

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

	Thirteen weeks ended				Thirty-nine weeks ended
	September 30,		September 24,		September 30,		September 24,
	2023		2022		2023		2022
Net earnings (loss) attributable to Valmont Industries, Inc.	$	(49,028)	$	72,112	$	114,888	$	210,531
Weighted average shares outstanding (000's):
Basic		20,951		21,332		21,083		21,308
Dilutive effect of various stock awards		—		273		207		238
Diluted		20,951		21,605		21,290		21,546
Earnings (loss) per share:
Basic	$	(2.34)	$	3.38	$	5.45	$	9.88
Dilutive effect of various stock awards		—		(0.04)		(0.05)		(0.11)
Diluted	$	(2.34)	$	3.34	$	5.40	$	9.77

In the third quarter of fiscal 2023, the Company reported a net loss. In periods in which the Company recognizes a net loss, the Company excludes the impact of outstanding stock awards from the diluted loss per share calculation, as its inclusion would have an anti-dilutive effect.