Earnings Per Share

9 Months Ended

Sep. 24, 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 September 24, 2011:
	Net earnings attributable to Valmont Industries, Inc.	$	42,141		—		$	42,141
	Shares outstanding		26,351		228			26,579
	Per share amount	$	1.60		(.01	)	$	1.59
Thirteen weeks ended September 25, 2010:
	Net earnings attributable to Valmont Industries, Inc.	$	25,935		—		$	25,935
	Shares outstanding		26,133		271			26,404
	Per share amount	$	0.99		(.01	)	$	0.98
Thirty-nine weeks ended September 24, 2011:
	Net earnings attributable to Valmont Industries, Inc.	$	113,577		—		$	113,577
	Shares outstanding		26,318		249			26,567
	Per share amount	$	4.32		(.04	)	$	4.28
Thirty-nine weeks ended September 25, 2010:
	Net earnings attributable to Valmont Industries, Inc.	$	59,513		—		$	59,513
	Shares outstanding		26,084		336			26,420
	Per share amount	$	2.28		(.03	)	$	2.25

        At September 24, 2011 there were 218,007 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 thirty-nine weeks ended September 24, 2011. At September 24, 2010 there were 403,867 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 thirty-nine weeks ended September 24, 2010.