XML 44 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 27, 2014
Dec. 28, 2013
Current assets:    
Cash and cash equivalents $ 452,218 $ 613,706
Receivables, net 570,810 515,440
Inventories 384,645 380,000
Prepaid expenses 64,673 22,997
Refundable and deferred income taxes 64,438 65,697
Total current assets 1,536,784 1,597,840
Property, plant and equipment, at cost 1,138,421 1,017,126
Less accumulated depreciation and amortization 521,869 482,916
Net property, plant and equipment 616,552 534,210
Goodwill 374,144 349,632
Other intangible assets, net 199,819 170,917
Other assets 135,422 123,895
Total assets 2,862,721 2,776,494
Current liabilities:    
Current installments of long-term debt 188 202
Notes payable to banks 17,863 19,024
Accounts payable 209,996 216,121
Accrued employee compensation and benefits 94,459 122,967
Accrued expenses 93,483 71,560
Dividends payable 9,299 6,706
Total current liabilities 425,288 436,580
Deferred income taxes 76,607 78,924
Long-term debt, excluding current installments 768,611 470,907
Defined benefit pension liability 136,808 154,397
Deferred compensation 48,014 39,109
Other noncurrent liabilities 48,707 51,731
Shareholders' equity:    
Preferred stock of $1 par value - Authorized 500,000 shares; none issued      
Common stock of $1 par value - Authorized 75,000,000 shares; 27,900,000 issued 27,900 27,900
Retained earnings 1,687,536 1,562,670
Accumulated other comprehensive income (loss) (72,071) (47,685)
Treasury stock (333,744) (20,860)
Total Valmont Industries, Inc. shareholders' equity 1,309,621 1,522,025
Noncontrolling interest in consolidated subsidiaries 49,065 22,821
Total shareholders' equity 1,358,686 1,544,846
Total liabilities and shareholders' equity $ 2,862,721 $ 2,776,494