EARNINGS PER SHARE

3 Months Ended

Mar. 30, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

(5) 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 March 30, 2013:
Net earnings attributable to Valmont Industries, Inc.	$	77,569	$	—		$	77,569
Shares outstanding		26,583		276			26,859
Per share amount	$	2.92	$	(0.03	)	$	2.89
Thirteen weeks ended March 31, 2012:
Net earnings attributable to Valmont Industries, Inc.	$	52,325	$	—		$	52,325
Shares outstanding		26,396		282			26,678
Per share amount	$	1.98	$	(0.02	)	$	1.96

        At March 30, 2013 and March 31, 2012, there were no outstanding stock options with exercise prices exceeding the market price of common stock.