XML 44 R37.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Guarantor/Non-Guarantor Financial Information (Details 3) (USD $)
In Thousands, except Per Share data
Jun. 25, 2011
Dec. 25, 2010
Jun. 26, 2010
Dec. 26, 2009
Current assets:        
Cash and cash equivalents $ 326,790 $ 346,904 $ 314,373 $ 180,786
Receivables, net 453,066 410,566    
Inventories 366,185 280,223    
Prepaid expenses 30,862 23,806    
Refundable and deferred income taxes 34,850 32,727    
Total current assets 1,211,753 1,094,226    
Property, plant and equipment, at cost 906,706 865,287    
Less accumulated depreciation and amortization 458,689 425,678    
Net property, plant and equipment 448,017 439,609    
Goodwill 322,350 314,847    
Other intangible assets 182,740 185,535    
Investment in subsidiaries and intercompany accounts   21,144    
Other assets 58,420 35,382    
Total assets 2,223,280 2,090,743    
Current liabilities:        
Current installments of long-term debt 272 238    
Notes payable to banks 11,415 8,824    
Accounts payable 237,688 179,814    
Accrued expenses 141,268 153,686    
Dividends payable 4,757 4,352    
Total current liabilities 395,400 346,914    
Deferred income taxes 86,606 89,922    
Long-term debt, excluding current installments 489,130 468,596    
Other noncurrent liabilities 176,317 175,184    
Shareholders' equity:        
Common stock of $1 par value 27,900 27,900    
Common stock, par value (in dollars per share) $ 1 $ 1    
Retained earnings 927,712 850,269    
Accumulated other comprehensive income (loss) 91,259 63,645    
Treasury stock (25,288) (25,922)    
Total Valmont Industries, Inc. shareholders' equity 1,021,583 915,892    
Noncontrolling interest in consolidated subsidiaries 54,244 94,235    
Total shareholders' equity 1,075,827 1,010,127 879,254 808,307
Total liabilities and shareholders' equity 2,223,280 2,090,743    
Parent
       
Current assets:        
Cash and cash equivalents 8,269 8,015 17,537 82,017
Receivables, net 122,808 106,181    
Inventories 105,230 63,887    
Prepaid expenses 4,748 3,478    
Refundable and deferred income taxes 15,971 14,978    
Total current assets 257,026 196,539    
Property, plant and equipment, at cost 416,545 413,149    
Less accumulated depreciation and amortization 277,747 269,831    
Net property, plant and equipment 138,798 143,318    
Goodwill 20,108 20,108    
Other intangible assets 742 823    
Investment in subsidiaries and intercompany accounts 1,245,517 1,146,364    
Other assets 29,584 24,426    
Total assets 1,691,775 1,531,578    
Current liabilities:        
Current installments of long-term debt 187 187    
Accounts payable 73,698 45,854    
Accrued expenses 56,903 54,368    
Dividends payable 4,757 4,352    
Total current liabilities 135,545 104,761    
Deferred income taxes 16,687 16,083    
Long-term debt, excluding current installments 488,094 467,511    
Other noncurrent liabilities 29,866 27,331    
Shareholders' equity:        
Common stock of $1 par value 27,900 27,900    
Common stock, par value (in dollars per share) $ 1 $ 1    
Retained earnings 927,712 850,269    
Accumulated other comprehensive income (loss) 91,259 63,645    
Treasury stock (25,288) (25,922)    
Total Valmont Industries, Inc. shareholders' equity 1,021,583 915,892    
Total shareholders' equity 1,021,583 915,892    
Total liabilities and shareholders' equity 1,691,775 1,531,578    
Guarantors
       
Current assets:        
Cash and cash equivalents 481 619 21,230 1,666
Receivables, net 47,872 50,663    
Inventories 47,349 32,030    
Prepaid expenses 977 920    
Refundable and deferred income taxes 3,662 2,597    
Total current assets 100,341 86,829    
Property, plant and equipment, at cost 104,750 98,019    
Less accumulated depreciation and amortization 52,703 50,406    
Net property, plant and equipment 52,047 47,613    
Goodwill 107,542 107,542    
Other intangible assets 65,334 68,310    
Investment in subsidiaries and intercompany accounts 604,337 587,231    
Total assets 929,601 897,525    
Current liabilities:        
Accounts payable 18,304 15,254    
Accrued expenses 8,983 8,147    
Total current liabilities 27,287 23,401    
Deferred income taxes 25,101 25,004    
Shareholders' equity:        
Common stock of $1 par value 457,950 457,950    
Common stock, par value (in dollars per share) $ 1 $ 1    
Additional paid-in capital 181,542 181,542    
Retained earnings 237,721 209,628    
Total Valmont Industries, Inc. shareholders' equity 877,213 849,120    
Total shareholders' equity 877,213 849,120    
Total liabilities and shareholders' equity 929,601 897,525    
Non-Guarantors
       
Current assets:        
Cash and cash equivalents 318,040 338,270 275,606 97,103
Receivables, net 282,386 253,722    
Inventories 213,606 184,306    
Prepaid expenses 25,137 19,408    
Refundable and deferred income taxes 15,217 15,152    
Total current assets 854,386 810,858    
Property, plant and equipment, at cost 385,411 354,119    
Less accumulated depreciation and amortization 128,239 105,441    
Net property, plant and equipment 257,172 248,678    
Goodwill 194,700 187,197    
Other intangible assets 116,664 116,402    
Investment in subsidiaries and intercompany accounts (7,420) 30,017    
Other assets 28,836 10,956    
Total assets 1,444,338 1,404,108    
Current liabilities:        
Current installments of long-term debt 85 51    
Notes payable to banks 11,415 8,824    
Accounts payable 145,686 118,706    
Accrued expenses 75,382 91,171    
Total current liabilities 232,568 218,752    
Deferred income taxes 44,818 48,835    
Long-term debt, excluding current installments 1,036 1,085    
Other noncurrent liabilities 146,451 147,853    
Shareholders' equity:        
Common stock of $1 par value 2,582 2,582    
Common stock, par value (in dollars per share) $ 1 $ 1    
Additional paid-in capital 156,188 156,188    
Retained earnings 709,050 670,933    
Accumulated other comprehensive income (loss) 97,401 63,645    
Total Valmont Industries, Inc. shareholders' equity 965,221 893,348    
Noncontrolling interest in consolidated subsidiaries 54,244 94,235    
Total shareholders' equity 1,019,465 987,583    
Total liabilities and shareholders' equity 1,444,338 1,404,108    
Eliminations
       
Current assets:        
Investment in subsidiaries and intercompany accounts (1,842,434) (1,742,468)    
Total assets (1,842,434) (1,742,468)    
Shareholders' equity:        
Common stock of $1 par value (460,532) (460,532)    
Common stock, par value (in dollars per share) $ 1 $ 1    
Additional paid-in capital (337,730) (337,730)    
Retained earnings (946,771) (880,561)    
Accumulated other comprehensive income (loss) (97,401) (63,645)    
Total Valmont Industries, Inc. shareholders' equity (1,842,434) (1,742,468)    
Total shareholders' equity (1,842,434) (1,742,468)    
Total liabilities and shareholders' equity $ (1,842,434) $ (1,742,468)