EARNINGS PER SHARE

9 Months Ended

Sep. 29, 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 September 29, 2012:
Net earnings attributable to Valmont Industries, Inc.	$	56,731	$	—		$	56,731
Shares outstanding		26,502		304			26,806
Per share amount	$	2.14	$	(0.02	)	$	2.12
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	$	(0.01	)	$	1.59
Thirty-nine weeks ended September 29, 2012:
Net earnings attributable to Valmont Industries, Inc.	$	169,036	$	—		$	169,036
Shares outstanding		26,455		293			26,748
Per share amount	$	6.39	$	(0.07	)	$	6.32
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	$	(0.04	)	$	4.28

        At September 29, 2012, there were no outstanding stock options with exercise prices exceeding the market price of common stock. 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.