EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2012

EARNINGS PER SHARE

EARNINGS PER SHARE

4. Earnings Per Share

        The following table provides a reconciliation between Basic and Diluted earnings per share (EPS):

	Basic EPS		Dilutive Effect of Stock Options			Diluted EPS
Thirteen weeks ended June 30, 2012:
Net earnings attributable to Valmont Industries, Inc.	$	59,980	$	—		$	59,980
Shares outstanding		26,467		291			26,758
Per share amount	$	2.27	$	(0.03	)	$	2.24
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	$	(0.02	)	$	1.72
Twenty-six weeks ended June 30, 2012:
Net earnings attributable to Valmont Industries, Inc.	$	112,305	$	—		$	112,305
Shares outstanding		26,432		286			26,718
Per share amount	$	4.25	$	(0.05	)	$	4.20
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	$	(0.03	)	$	2.69

        At June 30, 2012, there were no outstanding stock options with exercise prices exceeding the market price of common stock. At June 25, 2011 there were 16,828 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 weeks and twenty-six weeks ended June 25, 2011.