EARNINGS PER SHARE

9 Months Ended

Sep. 28, 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 September 28, 2013:
Net earnings attributable to Valmont Industries, Inc.	$	56,489	$	—		$	56,489
Shares outstanding		26,665		254			26,919
Per share amount	$	2.12	$	(0.02	)	$	2.10
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
Thirty-nine weeks ended September 28, 2013:
Net earnings attributable to Valmont Industries, Inc.	$	223,621	$	—		$	223,621
Shares outstanding		26,632		264			26,896
Per share amount	$	8.40	$	(0.09	)	$	8.31
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

        At September 28, 2013 there were 1,172 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 weeks and thirty-nine weeks ending September 28, 2013. At September 29, 2012, there were no outstanding stock options with exercise prices exceeding the market price of common stock.