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CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 25, 2010
Dec. 26, 2009
Product sales $ 2,353,470 $ 1,737,940 $ 1,665,862
Services sales 308,010 237,565 120,739
Net sales 2,661,480 1,975,505 1,786,601
Product cost of sales 1,788,908 1,290,446 1,177,427
Services cost of sales 205,762 165,485 77,160
Total cost of sales 1,994,670 1,455,931 1,254,587
Gross profit 666,810 519,574 532,014
Selling, general and administrative expenses 403,500 341,161 294,020
Operating income 263,310 178,413 237,994
Other income (expenses):      
Interest expense (36,175) (30,947) (15,760)
Interest income 9,265 4,840 1,510
Other (2,643) 676 2,340
Total other income (expenses) (29,553) (25,431) (11,910)
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries 233,757 152,982 226,084
Income tax expense (benefit):      
Current 89,552 49,991 65,519
Deferred (84,962) 5,017 7,375
Total Income tax expense (benefit) 4,590 55,008 72,894
Earnings before equity in earnings of nonconsolidated subsidiaries 229,167 97,974 153,190
Equity in earnings of nonconsolidated subsidiaries 8,059 2,439 751
Net earnings 237,226 100,413 153,941
Less: Earnings attributable to noncontrolling interests (8,918) (6,034) (3,379)
Net earnings attributable to Valmont Industries, Inc. $ 228,308 $ 94,379 $ 150,562
Earnings per share:      
Basic (in dollars per share) $ 8.67 $ 3.62 $ 5.80
Diluted (in dollars per share) $ 8.60 $ 3.57 $ 5.73
Cash dividends declared per share $ 0.705 $ 0.645 $ 0.580