EARNINGS PER SHARE

6 Months Ended

Jun. 27, 2015

EARNINGS PER SHARE

EARNINGS PER SHARE

(6) 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 June 27, 2015:
Net earnings attributable to Valmont Industries, Inc.	$	27,873	$	—		$	27,873
Shares outstanding		23,336		114			23,450
Per share amount	$	1.19	$	—		$	1.19
Thirteen weeks ended June 28, 2014:
Net earnings attributable to Valmont Industries, Inc.	$	63,976	$	—		$	63,976
Shares outstanding		26,623		233			26,856
Per share amount	$	2.40	$	(0.02	)	$	2.38
Twenty-six weeks ended June 27, 2015:
Net earnings attributable to Valmont Industries, Inc.	$	58,612	$	—		$	58,612
Shares outstanding		23,602		114			23,716
Per share amount	$	2.48	$	(0.01	)	$	2.47
Twenty-six weeks ended June 28, 2014:
Net earnings attributable to Valmont Industries, Inc.	$	119,956	$	—		$	119,956
Shares outstanding		26,669		234			26,903
Per share amount	$	4.50	$	(0.04	)	$	4.46

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

        At June 27, 2015, there were 452,459 outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share.