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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 25, 2011
Jun. 30, 2012
Jun. 25, 2011
Product sales $ 688,693 $ 589,208 $ 1,330,680 $ 1,090,376
Services sales 78,622 79,401 153,985 146,182
Net sales 767,315 668,609 1,484,665 1,236,558
Product cost of sales 519,438 447,167 1,002,146 832,167
Services cost of sales 48,482 53,460 96,810 99,916
Total cost of sales 567,920 500,627 1,098,956 932,083
Gross profit 199,395 167,982 385,709 304,475
Selling, general and administrative expenses 102,043 99,363 205,539 190,555
Operating income 97,352 68,619 180,170 113,920
Other income (expenses):        
Interest expense (7,421) (10,783) (15,228) (19,044)
Interest income 1,910 2,001 3,988 3,778
Other (1,977) 504 (400) 894
Total other income (expenses) (7,488) (8,278) (11,640) (14,372)
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries 89,864 60,341 168,530 99,548
Income tax expense (benefit):        
Current 35,985 24,533 63,014 37,037
Deferred (5,193) (10,982) (4,456) (10,198)
Total income tax expense (benefit) 30,792 13,551 58,558 26,839
Earnings before equity in earnings of nonconsolidated subsidiaries 59,072 46,790 109,972 72,709
Equity in earnings of nonconsolidated subsidiaries 2,087 1,201 3,775 2,155
Net earnings 61,159 47,991 113,747 74,864
Less: Earnings attributable to noncontrolling interests (1,179) (2,164) (1,442) (3,428)
Net earnings attributable to Valmont Industries, Inc. $ 59,980 $ 45,827 $ 112,305 $ 71,436
Earnings per share:        
Basic (in dollars per share) $ 2.27 $ 1.74 $ 4.25 $ 2.72
Diluted (in dollars per share) $ 2.24 $ 1.72 $ 4.20 $ 2.69
Cash dividends declared per share (in dollars per share) $ 0.225 $ 0.180 $ 0.405 $ 0.345
Weighted average number of shares of common stock outstanding - Basic (000 omitted) (in shares) 26,467 26,333 26,432 26,302
Weighted average number of shares of common stock outstanding - Diluted (000 omitted) (in shares) 26,758 26,585 26,718 26,561