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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. 28, 2014
Jun. 29, 2013
Jun. 28, 2014
Jun. 29, 2013
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS        
Product sales $ 766,844 $ 794,341 $ 1,447,887 $ 1,534,788
Services sales 75,755 84,318 146,452 163,501
Net sales 842,599 878,659 1,594,339 1,698,289
Product cost of sales 573,067 563,306 1,070,910 1,092,467
Services cost of sales 49,055 53,882 95,970 108,982
Total cost of sales 622,122 617,188 1,166,880 1,201,449
Gross profit 220,477 261,471 427,459 496,840
Selling, general and administrative expenses 115,701 117,206 223,835 234,385
Operating income 104,776 144,265 203,624 262,455
Other income (expenses):        
Interest expense (8,304) (8,025) (16,501) (16,215)
Interest income 1,577 1,852 3,316 3,205
Other 1,903 123 (3,909) 1,679
Total other income (expenses) (4,824) (6,050) (17,094) (11,331)
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries 99,952 138,215 186,530 251,124
Income tax expense (benefit):        
Current 26,117 48,210 59,055 86,870
Deferred 7,953 (1,042) 5,030 (4,729)
Total income tax expense (benefit) 34,070 47,168 64,085 82,141
Earnings before equity in earnings of nonconsolidated subsidiaries 65,882 91,047 122,445 168,983
Equity in earnings of nonconsolidated subsidiaries (30) 269 (30) 473
Net earnings 65,852 91,316 122,415 169,456
Less: Earnings attributable to noncontrolling interests (1,876) (1,753) (2,459) (2,324)
Net earnings attributable to Valmont Industries, Inc. $ 63,976 $ 89,563 $ 119,956 $ 167,132
Earnings per share:        
Basic (in dollars per share) $ 2.40 $ 3.36 $ 4.50 $ 6.28
Diluted (in dollars per share) $ 2.38 $ 3.33 $ 4.46 $ 6.22
Cash dividends declared per share (in dollars per share) $ 0.375 $ 0.250 $ 0.625 $ 0.475
Weighted average number of shares of common stock outstanding - Basic (000 omitted) (in shares) 26,623 26,648 26,669 26,615
Weighted average number of shares of common stock outstanding - Diluted (000 omitted) (in shares) 26,856 26,910 26,903 26,884