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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. 29, 2013
Jun. 30, 2012
Jun. 29, 2013
Jun. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS        
Product sales $ 794,341 $ 688,693 $ 1,534,788 $ 1,330,680
Services sales 84,318 78,622 163,501 153,985
Net sales 878,659 767,315 1,698,289 1,484,665
Product cost of sales 563,306 519,438 1,092,467 1,002,146
Services cost of sales 53,882 48,482 108,982 96,810
Total cost of sales 617,188 567,920 1,201,449 1,098,956
Gross profit 261,471 199,395 496,840 385,709
Selling, general and administrative expenses 117,206 102,043 234,385 205,539
Operating income 144,265 97,352 262,455 180,170
Other income (expenses):        
Interest expense (8,025) (7,421) (16,215) (15,228)
Interest income 1,852 1,910 3,205 3,988
Other 123 (1,977) 1,679 (400)
Total other income (expenses) (6,050) (7,488) (11,331) (11,640)
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries 138,215 89,864 251,124 168,530
Income tax expense (benefit):        
Current 48,210 35,985 86,870 63,014
Deferred (1,042) (5,193) (4,729) (4,456)
Total income tax expense (benefit) 47,168 30,792 82,141 58,558
Earnings before equity in earnings of nonconsolidated subsidiaries 91,047 59,072 168,983 109,972
Equity in earnings of nonconsolidated subsidiaries 269 2,087 473 3,775
Net earnings 91,316 61,159 169,456 113,747
Less: Earnings attributable to noncontrolling interests (1,753) (1,179) (2,324) (1,442)
Net earnings attributable to Valmont Industries, Inc. $ 89,563 $ 59,980 $ 167,132 $ 112,305
Earnings per share:        
Basic (in dollars per share) $ 3.36 $ 2.27 $ 6.28 $ 4.25
Diluted (in dollars per share) $ 3.33 $ 2.24 $ 6.22 $ 4.20
Cash dividends declared per share (in dollars per share) $ 0.250 $ 0.225 $ 0.475 $ 0.405
Weighted average number of shares of common stock outstanding - Basic (000 omitted) (in shares) 26,648 26,467 26,615 26,432
Weighted average number of shares of common stock outstanding - Diluted (000 omitted) (in shares) 26,910 26,758 26,884 26,718