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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Jun. 27, 2015
Jun. 28, 2014
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS        
Product sales $ 611,782 $ 766,844 $ 1,215,676 $ 1,447,887
Services sales 70,341 75,755 136,845 146,452
Net sales 682,123 842,599 1,352,521 1,594,339
Product cost of sales 461,173 573,067 920,714 1,070,910
Services cost of sales 51,402 49,055 96,805 95,970
Total cost of sales 512,575 622,122 1,017,519 1,166,880
Gross profit 169,548 220,477 335,002 427,459
Selling, general and administrative expenses 115,548 115,701 223,319 223,835
Operating income 54,000 104,776 111,683 203,624
Other income (expenses):        
Interest expense (11,232) (8,304) (22,360) (16,501)
Interest income 616 1,577 1,490 3,316
Other (28) 1,903 988 (3,909)
Total other income (expenses) (10,644) (4,824) (19,882) (17,094)
Earnings before income taxes 43,356 99,952 91,801 186,530
Income tax expense (benefit):        
Current 19,136 26,117 30,910 59,055
Deferred (5,219) 7,953 (55) 5,030
Total income tax expense (benefit) 13,917 34,070 30,855 64,085
Earnings before equity in earnings of nonconsolidated subsidiaries 29,439 65,882 60,946 122,445
Equity in earnings of nonconsolidated subsidiaries   (30)   (30)
Net earnings 29,439 65,852 60,946 122,415
Less: Earnings attributable to noncontrolling interests (1,566) (1,876) (2,334) (2,459)
Net earnings attributable to Valmont Industries, Inc. $ 27,873 $ 63,976 $ 58,612 $ 119,956
Earnings per share:        
Basic (in dollars per share) $ 1.19 $ 2.40 $ 2.48 $ 4.50
Diluted (in dollars per share) 1.19 2.38 2.47 4.46
Cash dividends declared per share (in dollars per share) $ 0.375 $ 0.375 $ 0.750 $ 0.625
Weighted average number of shares of common stock outstanding - Basic (000 omitted) (in shares) 23,336 26,623 23,602 26,669
Weighted average number of shares of common stock outstanding - Diluted (000 omitted) (in shares) 23,450 26,856 23,716 26,903