EARNINGS PER SHARE

6 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

(7) EARNINGS PER SHARE

The following table provides a reconciliation between the net earnings attributable to Valmont Industries, Inc. and weighted average share amounts used to compute both basic and diluted earnings per share:

	Thirteen weeks ended				Twenty-six weeks ended
	June 29,		July 1,		June 29,		July 1,
	2024		2023		2024		2023
Net earnings attributable to Valmont Industries, Inc.	$	99,716	$	89,376	$	187,538	$	163,916
Weighted average shares outstanding (000s):
Basic		20,175		21,029		20,182		21,149
Dilutive effect of various stock awards		117		200		125		221
Diluted		20,292		21,229		20,307		21,370
Net earnings attributable to Valmont Industries, Inc. per share:
Basic	$	4.94	$	4.25	$	9.29	$	7.75
Dilutive effect of various stock awards		(0.03)		(0.04)		(0.05)		(0.08)
Diluted	$	4.91	$	4.21	$	9.24	$	7.67

As of June 29, 2024 and July 1, 2023, there were 56,261 and 40,564 outstanding stock options with exercise prices exceeding the average market price of common stock during the applicable period excluded from the computation of diluted earnings per share, respectively.