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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted 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