EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 28, 2024

EARNINGS PER SHARE

EARNINGS (LOSS) PER SHARE

(12) EARNINGS PER SHARE

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

	Fiscal Year Ended
	December 28,		December 30,		December 31,
	2024		2023		2022
Net earnings attributable to Valmont Industries, Inc. including change in redemption value of redeemable noncontrolling interests:
Net earnings attributable to Valmont Industries, Inc.	$	348,259	$	150,849	$	250,863
Change in redemption value of redeemable noncontrolling interests		—		(7,374)		—
Net earnings attributable to Valmont Industries, Inc. including change in redemption value of redeemable noncontrolling interests	$	348,259	$	143,475	$	250,863
Weighted average shares outstanding (in thousands):
Basic		20,122		20,956		21,311
Dilutive effect of various stock awards		139		203		269
Diluted		20,261		21,159		21,580
Net earnings attributable to Valmont Industries, Inc. per share:
Basic	$	17.31	$	6.85	$	11.77
Dilutive effect of various stock awards		(0.12)		(0.07)		(0.15)
Diluted	$	17.19	$	6.78	$	11.62

For the fiscal year ended December 30, 2023, basic and diluted net earnings and earnings per share were impacted by the impairment of goodwill and other intangible assets of $136,457 after tax ($6.45 per share) and realignment charges of $26,490 after tax ($1.25 per share). For the fiscal year ended December 31, 2022, basic and diluted net earnings and earnings per share were impacted by a loss from the divestiture of the offshore wind energy structures business of $33,273 with no associated tax benefit ($1.54 per share).

As of December 28, 2024, December 30, 2023, and December 31, 2022, there were 44,620; 127,774; and 40,564 outstanding stock options, respectively, with exercise prices exceeding the average market price of common stock during the applicable periods. These options were excluded from the computation of diluted earnings per share.