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EARNINGS PER SHARE
9 Months Ended
Sep. 26, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
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 26, 2015:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
12,066

 
$

 
$
12,066

Shares outstanding
23,057

 
113

 
23,170

Per share amount
$
0.52

 
$

 
$
0.52

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

Thirty-nine weeks ended September 26, 2015:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
70,678

 
$

 
$
70,678

Shares outstanding
23,420

 
114

 
23,534

Per share amount
$
3.02

 
$
(0.02
)
 
$
3.00

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


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 September 26, 2015 and September 27, 2014, there were 433,401 and 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, respectively.