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EARNINGS PER SHARE
 3 Months Ended
Mar. 28, 2015
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 28, 2015:

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Valmont Industries, Inc. 

 

$
30,739

 

$

—

 

$
30,739

 

Shares outstanding

 

 
23,868

 

 
114

 

 
23,982

 

Per share amount

 

$
1.29

 

$
(0.01

)

$
1.28

 

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

 

        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 March 28, 2015 and March 29, 2014, there were 452,103 and 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, respectively.