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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Sep. 30, 2023
Sep. 24, 2022
Statement of Comprehensive Income [Abstract]        
Net earnings (loss) $ (50,315) $ 72,930 $ 110,828 $ 213,043
Foreign currency translation adjustments:        
Unrealized translation loss (28,342) (46,000) (8,186) (78,050)
Hedging activities:        
Unrealized loss on commodity hedges (397) (2,233) (3,212) (1,185)
Realized loss on commodity hedges recorded in earnings 743 1,546 4,540 1,048
Unrealized gain on cross currency swaps 2,072 5,592 721 10,873
Amortization cost included in interest expense (12) (16) (40) (48)
Total hedging activities 2,406 4,889 2,009 10,688
Net gain on defined benefit pension plan 95 115 281 371
Other comprehensive loss (25,841) (40,996) (5,896) (66,991)
Comprehensive income (loss) (76,156) 31,934 104,932 146,052
Comprehensive loss (income) attributable to noncontrolling interests 1,098 242 3,233 (514)
Comprehensive income (loss) attributable to Valmont Industries, Inc. $ (75,058) $ 32,176 $ 108,165 $ 145,538