EARNINGS PER SHARE

9 Months Ended

Sep. 27, 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 September 27, 2014:
Net earnings attributable to Valmont Industries, Inc.	$	23,559	$	—		$	23,559
Shares outstanding		25,287		226			25,513
Per share amount	$	0.93	$	(0.01	)	$	0.92
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
Thirty-nine weeks ended September 27, 2014:
Net earnings attributable to Valmont Industries, Inc.	$	143,515	$	—		$	143,515
Shares outstanding		26,208		231			26,439
Per share amount	$	5.48	$	(0.05	)	$	5.43
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

        Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share does not equal the total for the year primarily due to the share buyback program that began in the second quarter of 2014.

        At September 27, 2014, there were 273,170 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 and thirty-nine weeks ending September 27, 2014. At September 28, 2013, there were 1,172 outstanding stock options with exercise prices exceeding the market price of common stock.