Earnings Per Share

6 Months Ended

Jun. 25, 2011

Earnings Per Share

Earnings Per Share

5. Earnings Per Share

        The following table reconciles Basic and Diluted earnings per share (EPS):

		Basic EPS		Dilutive Effect of Stock Options			Diluted EPS
Thirteen weeks ended June 25, 2011:
	Net earnings attributable to Valmont Industries, Inc.	$	45,827		—		$	45,827
	Shares outstanding		26,333		252			26,585
	Per share amount	$	1.74		(.02	)	$	1.72
Thirteen weeks ended June 26, 2010:
	Net earnings attributable to Valmont Industries, Inc.	$	17,115		—		$	17,115
	Shares outstanding		26,087		361			26,448
	Per share amount	$	0.66		(.01	)	$	0.65
Twenty-six weeks ended June 25, 2011:
	Net earnings attributable to Valmont Industries, Inc.	$	71,436		—		$	71,436
	Shares outstanding		26,302		259			26,561
	Per share amount	$	2.72		(.03	)	$	2.69
Twenty-six weeks ended June 26, 2010:
	Net earnings attributable to Valmont Industries, Inc.	$	33,578		—		$	33,578
	Shares outstanding		26,059		375			26,434
	Per share amount	$	1.29		(.02	)	$	1.27

        At June 25, 2011 there were 16,828 shares of outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share for the thirteen and twenty-six weeks ended June 25, 2011. At June 26, 2010 there were 455,153 of outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share for the thirteen and twenty-six weeks ended June 26, 2010.