EARNINGS PER SHARE

3 Months Ended

Mar. 30, 2024

Earnings per share:

EARNINGS PER SHARE

(7) EARNINGS PER SHARE

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

	Thirteen weeks ended
	March 30,		April 1,
	2024		2023
Net earnings attributable to Valmont Industries, Inc.	$	87,822	$	74,540
Weighted average shares outstanding (000s):
Basic		20,188		21,269
Dilutive effect of various stock awards		133		243
Diluted		20,321		21,512
Net earnings attributable to Valmont Industries, Inc. per share:
Basic	$	4.35	$	3.50
Dilutive effect of various stock awards		(0.03)		(0.03)
Diluted	$	4.32	$	3.47

As of March 30, 2024 and April 1, 2023, there were 73,003 and 40,564 outstanding stock options with exercise prices exceeding the average market price of common stock during the applicable period that were excluded from the computation of diluted earnings per share, respectively.