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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 29, 2012
Sep. 24, 2011
Sep. 29, 2012
Sep. 24, 2011
Product sales $ 652,822 $ 595,064 $ 1,983,502 $ 1,685,440
Services sales 77,017 77,128 231,002 223,310
Net sales 729,839 672,192 2,214,504 1,908,750
Product cost of sales 488,739 453,462 1,490,885 1,285,629
Services cost of sales 48,698 51,340 145,508 151,256
Total cost of sales 537,437 504,802 1,636,393 1,436,885
Gross profit 192,402 167,390 578,111 471,865
Selling, general and administrative expenses 102,020 95,357 307,559 285,912
Operating income 90,382 72,033 270,552 185,953
Other income (expenses):        
Interest expense (8,429) (7,671) (23,657) (26,715)
Interest income 2,093 3,141 6,081 6,919
Other 1,307 (1,670) 907 (776)
Total other income (expenses) (5,029) (6,200) (16,669) (20,572)
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries 85,353 65,833 253,883 165,381
Income tax expense (benefit):        
Current 27,928 25,119 90,942 62,156
Deferred 519 (1,346) (3,937) (11,544)
Total income tax expense (benefit) 28,447 23,773 87,005 50,612
Earnings before equity in earnings of nonconsolidated subsidiaries 56,906 42,060 166,878 114,769
Equity in earnings of nonconsolidated subsidiaries 1,536 2,354 5,311 4,509
Net earnings 58,442 44,414 172,189 119,278
Less: Earnings attributable to noncontrolling interests (1,711) (2,273) (3,153) (5,701)
Net earnings attributable to Valmont Industries, Inc. $ 56,731 $ 42,141 $ 169,036 $ 113,577
Earnings per share:        
Basic (in dollars per share) $ 2.14 $ 1.60 $ 6.39 $ 4.32
Diluted (in dollars per share) $ 2.12 $ 1.59 $ 6.32 $ 4.28
Cash dividends declared per share (in dollars per share) $ 0.225 $ 0.180 $ 0.630 $ 0.525
Weighted average number of shares of common stock outstanding - Basic (000 omitted) (in shares) 26,502 26,351 26,455 26,318
Weighted average number of shares of common stock outstanding - Diluted (000 omitted) (in shares) 26,806 26,579 26,748 26,567