XML 13 R3.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)        
Net earnings (loss) $ 82,610 $ (50,315) $ 272,189 $ 110,828
Foreign currency translation adjustments:        
Unrealized translation gain (loss) 33,314 (28,342) (6,872) (8,186)
Hedging activities:        
Unrealized loss on commodity hedges (732) (397) (2,791) (3,212)
Realized loss on commodity hedges included in earnings 1,163 743 744 4,540
Unrealized gain (loss) on cross currency swaps (2,140) 2,072 (1,129) 721
Amortization cost included in interest expense (12) (12) (36) (40)
Total hedging activities (1,721) 2,406 (3,212) 2,009
Net gain on defined benefit pension plan 396 95 1,158 281
Total other comprehensive income (loss), net of tax 31,989 (25,841) (8,926) (5,896)
Comprehensive income (loss) 114,599 (76,156) 263,263 104,932
Comprehensive loss (income) attributable to redeemable noncontrolling interests 138 1,098 (1,581) 3,233
Comprehensive income (loss) attributable to Valmont Industries, Inc. $ 114,737 $ (75,058) $ 261,682 $ 108,165