EARNINGS PER SHARE

3 Months Ended

Mar. 29, 2014

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 29, 2014:
Net earnings attributable to Valmont Industries, Inc.	$	55,980	$	—		$	55,980
Shares outstanding		26,715		235			26,950
Per share amount	$	2.10	$	(0.02	)	$	2.08
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

        At March 29, 2014 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 ending March 29, 2014. At March 30, 2013, there were no outstanding stock options with exercise prices exceeding the market price of common stock.