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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 26, 2011
Product sales $ 641,987 $ 501,168
Services sales 75,363 66,781
Net sales 717,350 567,949
Product cost of sales 482,708 385,000
Services cost of sales 48,328 46,456
Total cost of sales 531,036 431,456
Gross profit 186,314 136,493
Selling, general and administrative expenses 103,496 91,192
Operating income 82,818 45,301
Other income (expenses):    
Interest expense (7,807) (8,271)
Interest income 2,078 1,787
Other 1,577 390
Total other income (expenses) (4,152) (6,094)
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries 78,666 39,207
Income tax expense:    
Current 27,029 12,504
Deferred 737 784
Total income tax expense (benefit) 27,766 13,288
Earnings before equity in earnings of nonconsolidated subsidiaries 50,900 25,919
Equity in earnings of nonconsolidated subsidiaries 1,688 954
Net earnings 52,588 26,873
Less: Earnings attributable to noncontrolling interests (263) (1,264)
Net earnings attributable to Valmont Industries, Inc. $ 52,325 $ 25,609
Earnings per share:    
Basic (in dollars per share) $ 1.98 $ 0.98
Diluted (in dollars per share) $ 1.96 $ 0.97
Cash dividends declared per share (in dollars per share) $ 0.180 $ 0.165
Weighted average number of shares of common stock outstanding - Basic (000 omitted) (in shares) 26,396 26,271
Weighted average number of shares of common stock outstanding - Diluted (000 omitted) (in shares) 26,678 26,537